From: "Bill S." Subject: Re: [CANSLIM] Trader looks at MFAC Date: 01 Sep 1997 01:42:48 -0500 Connie Mack Rea wrote: > Probably the biggest drawback of an IRA account is that you can't short > the account (or go short against the box). > As a follow up to the MFAC thread, let me add my 2 cents to the notion that you have some time to figure out what to do with the equity for it appears to be destined for some 'consolidation!' On the second tier channel, a question about IRAs. What can one do with an IRA account? Can one purchase securities on margin? How about options and futures? Are these investment strategies controlled by the Treasury Dept., or is this something the brokers impose on the account depending on their political affiliation/persuasion? > There is one practice that the IRS will allow in the IRA. You can > roll-out stock|cash for 90 days without penalty. How long must you stay rolled in before you can roll out again? What is the paper overhead for this freebie? Happy Labor Day and feel free to change the subject. :-) Bill-->> PS - can the sysop of the robot server shorten the 'Subject' field from 'Re: [CANSLIM]' to something with fewer characters like 'Re: [CS]? My monitor is too small to display the significant parts of the entire 'Subject' field without lots of manual intervention. Thanks. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] IRA accts (was Trader looks at MFAC) Date: 01 Sep 1997 03:17:28 -0400 Essentially, an IRA is a cash only acct. I don't know who originated the restrictions, but they are industry wide. You can't trade margin. You can't short stocks. You can do some option strategies, which mostly are relatively new. Used to be you could only write covered calls. Now you can buy puts to protect a position, and can even write puts so long as you have enough cash to cover the exercise, should that happen. You can also buy calls under the same rule. I've never touched futures, so can't comment on them. I'm not a tax expert, but I believe the deadline for "rolling over" a distribution from an IRA is sixty (60) not 90 days. And you can do it once each tax year (normally the same as the calendar year). This is not something I recommend doing. It is easy to go afoul of the tax rules, or to find yourself unable to put the money back into the IRA in time. Note that whatever total you return to the IRA must be done in a lump sum, if you take out $10,000 and redeposit $5,000 and $5,000, only the first deposit will count to reduce the amount you will owe taxes on. You would end up owing ordinary income taxes on the difference (10K minus 5K) plus a penalty of 10% on this difference ($500) if you are younger than 59.5 years old. Only an emergency should tempt you to tap the funds in any retirement acct. If you want to move your IRA to another firm, you can do that as often as you wish, so long as it is moved directly from firm to firm. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Bill S. > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Trader looks at MFAC > Date: Monday, September 01, 1997 2:42 AM > > Connie Mack Rea wrote: > > > Probably the biggest drawback of an IRA account is that you can't short > > the account (or go short against the box). > > > On the second tier channel, a question about IRAs. What can one do with > an IRA account? Can one purchase securities on margin? How about options > and futures? Are these investment strategies controlled by the Treasury > Dept., or is this something the brokers impose on the account depending > on their political affiliation/persuasion? > > > There is one practice that the IRS will allow in the IRA. You can > > roll-out stock|cash for 90 days without penalty. > > How long must you stay rolled in before you can roll out again? What is > the paper overhead for this freebie? > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] IECE, XETA (was Distribution) Date: 01 Sep 1997 05:49:37 -0400 Thanks for the suggestions, Bob. They both are extended at the moment, but do have excellent CS nrs. Even at current prices, PE is still moderate for their growth rate, and with strong RS and up/down nrs, and small float, only need a little consolidation to be buyable. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: bob gibson > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Distribution > Date: Sunday, August 31, 1997 4:38 PM > > I found these two stocks in Fri. and Tue. IBD. IEC Electronics (IECE) > shows a medium vol breakout Weds. 8/20, and strong vol Weds. 8/27. Still up. > > XETA Cp (XETA) Strong vol Weds. 8/27. Both have good nrs. XETA is very > small 1.1M float. I can find out more from Internet but so far they seem > worth checking. Bob > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] mfac Date: 01 Sep 1997 05:55:36 -0400 I suggested MFAC as it broke out of the base around 13. It has a very small float and moved quickly on heavy vol to present levels (gapped up five days in a row, first stock I can recall doing that, with a 100% gain in a week for those that got in early). Just took another look at the current DG chart, it is consolidating well, vol drying up, yet holding most of its gains. PE even at this level is reasonable. I think your timing is off, it would have been better to wait for vol over 150% of adv combined with the beginning of a new breakout. So long as it keeps consolidating, you should be OK, however no telling how long it may take for another breakout. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Richard T. > To: canslim group > Subject: [CANSLIM] mfac > Date: Sunday, August 31, 1997 3:04 PM > > Hi I bought MFAC @ 24 earlier in the week and now they are down around 22. > They have excellent #'s and I know as soon as I sell it will go to the > moon! Any thoughts or news about MFAC I haven't heard out there? Thanks > Richard > ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] Roll-out [roll-over] terms Date: 01 Sep 1997 08:00:44 -0400 Tom-- Believe you are right about the 60-day roll-out period for the IRA. Thanks for the correction. Connie Mack ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] Canslim stocks Date: 01 Sep 1997 08:42:06 -0400 CANSLIM ------- 1YR Q SALES 5YR SHARES INSTIT RELATIVE GROW % EPS% OUT Mil OWN % PRICE % ------ ----- ------- ------- ------- ACTN 222.66 104.89 12.61 52.64 96.87 ANLT 42.28 42.71 4.89 17.54 95.06 BRL 40.98 51.08 22.21 19.31 87.44 BYA 61.91 17.24 22.99 78.98 97.69 CDG 338.89 46.62 15.38 76.03 97.73 CTS 28.23 69.71 5.27 41.30 100.00 DKB 30.37 39.74 14.65 43.46 88.65 EXPD 42.35 23.98 24.20 78.13 95.90 FFD 26.40 30.09 19.10 49.87 95.80 FMK 127.77 23.56 6.05 64.67 98.57 HDCO 105.07 52.43 10.38 70.15 86.47 HP 28.07 37.74 24.86 69.04 98.09 MANU 85.35 78.91 21.54 50.17 90.54 MAVK 32.55 34.14 7.47 60.16 100.00 MCRL 58.82 125.85 9.25 50.97 93.36 MSTR 63.79 25.98 15.26 67.54 93.56 PAGI 37.95 32.30 6.69 19.09 100.00 PESC 31.42 29.36 18.84 81.05 100.00 PHLY 43.02 32.62 6.03 37.58 88.66 PRIA 55.98 47.17 14.82 72.15 97.99 SCTC 33.34 15.35 14.07 69.14 93.18 TNL 72.87 53.27 16.11 41.26 99.69 TRIP 33.30 40.91 15.02 83.66 94.23 VOL 37.26 137.60 15.03 26.40 96.08 WIRE 49.48 15.94 7.11 37.87 98.15 MODIFIED CANSLIM - HIGH BAR --------------------------- 1YR Q SALES 5YR SHARES INSTIT RELATIVE GROW % EPS% OUT Mil OWN % PRICE % ------ ----- ------- ------- ------- ANLT 42.28 42.71 4.89 17.54 95.06 BRL 40.98 51.08 22.21 19.31 87.44 PAGI 37.95 32.30 6.69 19.09 100.00 MODIFIED CANSLIM - LOW BAR --------------------------- 1YR Q SALES 5YR SHARES INSTIT RELATIVE GROW % EPS% OUT Mil OWN % PRICE % ------ ----- ------- ------ ------- ACTN 222.66 104.89 12.61 52.64 96.87 AEIC 20.56 16.80 33.54 71.74 100.00 ANLT 42.28 42.71 4.89 17.54 95.06 BJS 66.83 21.48 40.80 97.21 98.46 BRL 40.98 51.08 22.21 19.31 87.44 BYA 61.91 17.24 22.99 78.98 97.69 CAM 22.59 31.80 24.66 91.21 99.62 CDG 338.89 46.62 15.38 76.03 97.73 CMT 24.26 20.42 23.26 85.77 91.22 CSL 28.63 23.57 31.13 55.02 96.39 CTS 28.23 69.71 5.27 41.30 100.00 DKB 30.37 39.74 14.65 43.46 88.65 DS 29.39 18.96 28.76 72.88 97.87 EXPD 42.35 23.98 24.20 78.13 95.90 FFD 26.40 30.09 19.10 49.87 95.80 FMK 127.77 23.56 6.05 64.67 98.57 FTR 35.39 25.60 29.39 56.14 93.16 HDCO 105.07 52.43 10.38 70.15 86.47 HP 28.07 37.74 24.86 69.04 98.09 LSS 21.42 39.53 20.54 70.06 94.62 MANU 85.35 78.91 21.54 50.17 90.54 MAVK 32.55 34.14 7.47 60.16 100.00 MCRL 58.82 125.85 9.25 50.97 93.36 MSTR 63.79 25.98 15.26 67.54 93.56 MTSC 22.30 22.07 9.36 46.48 100.00 MTZ 108.07 182.24 26.07 34.43 96.30 PAGI 37.95 32.30 6.69 19.09 100.00 PESC 31.42 29.36 18.84 81.05 100.00 PHLY 43.02 32.62 6.03 37.58 88.66 PRIA 55.98 47.17 14.82 72.15 97.99 SCTC 33.34 15.35 14.07 69.14 93.18 SII 41.77 90.86 40.07 81.95 96.35 TNL 72.87 53.27 16.11 41.26 99.69 TRIP 33.30 40.91 15.02 83.66 94.23 TUBO 33.13 41.21 42.80 36.08 99.10 VOL 37.26 137.60 15.03 26.40 96.08 VRC 43.48 48.39 32.39 77.69 95.78 VTSS 59.82 113.10 34.74 67.74 99.60 WIND 46.03 208.93 25.27 60.86 97.74 WIRE 49.48 15.94 7.11 37.87 98.15 ------------------------------------------------------------------------------- From: "Charles F. Corbit III" Subject: Re: [CANSLIM] Canslim stocks Date: 01 Sep 1997 09:53:42 -0400 Connie Mack, Thanks for posting the list of stocks. However, I have a few simple questions. You might have explained them before, but I missed them. (I am on too many mailing lists and my inbox is getting unbearable to deal with ). Anyway, if you could answer the following it would be appreciated; 1.) What is the source of the stocks and the filter ? 2.) What is the relative price, relative to what ? 3.) What are the modified high and low bars ? Thanks a lot, Charlie ---------- > From: Connie Mack Rea > To: canslim@mail.xmission.com > Subject: [CANSLIM] Canslim stocks > Date: Monday, September 01, 1997 8:42 AM > > CANSLIM > ------- > 1YR Q > SALES 5YR SHARES INSTIT RELATIVE > GROW % EPS% OUT Mil OWN % PRICE % > ------ ----- ------- ------- ------- > ACTN 222.66 104.89 12.61 52.64 96.87 > ANLT 42.28 42.71 4.89 17.54 95.06 > BRL 40.98 51.08 22.21 19.31 87.44 > BYA 61.91 17.24 22.99 78.98 97.69 > CDG 338.89 46.62 15.38 76.03 97.73 ------------------------------------------------------------------------------- From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] Changing your canslim subscription Date: 01 Sep 1997 08:00:06 -0600 This is a monthly posting to the CANLSLIM group. Frequently, people sign up for the canslim list and then are overwhelmed by the volume of the email. There are two remedies for this problem: 1) You can leave our group, or 2) you can switch to the digest version which "conglomerates" many canslim messages into one large message. To change your configuration, email a message to: majordomo@xmission.com The remove yourself from the canslim list, write in the body of the email: unsubscribe canslim To add yourself to the digest version of the canslim list, write in the body of the email: subscribe canslim-digest For general help with majordomo commands, write in the body of the email: help If you need further clarification, write me directly at: canslim-owner@xmission.com Best Regards, Jeff Salisbury - CANSLIM list admin / owner ------------------------------------------------------------------------------- From: Peter Christiansen Subject: Re: [CANSLIM] Distribution Date: 01 Sep 1997 22:42:16 GMT+7 ** Reply to note from "Tom Worley" Sat, 30 Aug 1997 07:04:56 -0400 > I expect to find some more CELLs and > MSONs out of this and will post the results, hopefully before > Tuesday (after all, football season has started). I look forward to seeing what you come up with. Enjoy the holiday. Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ For a reply, please send a self-abused stomped elephant to.... ------------------------------------------------------------------------------- From: Peter Christiansen Subject: Re: [CANSLIM] Distribution Date: 01 Sep 1997 22:42:46 GMT+7 ** Reply to note from MDOR Sun, 31 Aug 1997 16:33:48 -0500 > Excuse me for being ignorant, but what is distribution of a stock. What > exactly do you mean by distribution. How is it guaged against the > indices to indicate that a person should sell if stock distribution is > taking place. Actually, I am referring to distribution taking place in the overall market not individual stocks. It is detected by carefully looking at the price and volume of the index in question. You can read more about in in HTMMIS, but basically you look for increasing volume with no upside price movement (churning) or the dropping prices on increasing volume. Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ Who is General Failure, and why is he reading my drive? ------------------------------------------------------------------------------- From: Talib Hirji Subject: Re: [CANSLIM] Growth Rate Date: 01 Sep 1997 09:59:28 -0700 I am novice to investing and trying to understand relationship between stock price, P/E and growth rate. I would appreciate, if somebody could explain me that. (I have read HTMMIS and some other books on FA but could not find, as to where do you locate growth rate from etc). Also if I could be directed where to obtain growth rate from. Thank You, Talib At 09:49 AM 9/1/97 +0000, you wrote: >Even at current prices, PE is still moderate for their growth rate, and with strong RS and up/down nrs, and small float, only need a little consolidation to be buyable. > >Any statements or opinions are strictly my own and not that of my >employer. My comments should not be intrepreted as a recommendation >of any kind. I am a licensed (inactive) broker and an active >investor. All investors should do their own research prior to any >investment, especially one learned about on the Internet. Hopefully >my comments will better inform and educate all investors. > >tom w > >---------- >> From: bob gibson >> To: canslim@mail.xmission.com >> Subject: Re: [CANSLIM] Distribution >> Date: Sunday, August 31, 1997 4:38 PM >> >> I found these two stocks in Fri. and Tue. IBD. IEC Electronics >(IECE) >> shows a medium vol breakout Weds. 8/20, and strong vol Weds. >8/27. Still up. >> >> XETA Cp (XETA) Strong vol Weds. 8/27. Both have good nrs. XETA >is very >> small 1.1M float. I can find out more from Internet but so far >they seem >> worth checking. Bob >> > > ------------------------------------------------------------------------------- From: Talib Hirji Subject: Re: [CANSLIM] RUSSELL 2000 Date: 01 Sep 1997 10:04:28 -0700 I would appreciate, if somebody can tell me from where on the web I can get listing of Russell 2000 stocks. Thank You, Talib ------------------------------------------------------------------------------- From: JANSI1AUG1@aol.com Subject: [CANSLIM] Beta's Date: 01 Sep 1997 15:34:21 -0400 (EDT) Does anyone know of any site that gives Beta rankings of stocks. I'm on AOL, and have access to the Web. ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: Re: [CANSLIM] RUSSELL 2000 Date: 01 Sep 1997 15:43:36 -0400 This is a multi-part message in MIME format. ------=_NextPart_000_01BCB6ED.CFDB6E60 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Try this from their home page: http://www.russell.com/indexes/us/default.htm Surindra ---- I would appreciate, if somebody can tell me from where on the web I can = get listing of Russell 2000 stocks. Thank You, Talib ------=_NextPart_000_01BCB6ED.CFDB6E60 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Try this from their home = page:

http://www.russell= .com/indexes/us/default.htm

Surindra

----
From: Talib Hirji <thy@worldnet.att.net>
To: canslim@mail.xmission.com
Date: Monday, September 01, 1997 1:07 PM
Subject: Re: [CANSLIM] RUSSELL 2000

I would appreciate, if somebody can tell me = from where=20 on the web I can get
listing of Russell 2000 stocks.

Thank You,

Talib
 ------=_NextPart_000_01BCB6ED.CFDB6E60-- ------------------------------------------------------------------------------- From: Talib Hirji Subject: Re: [CANSLIM] RUSSELL 2000 Date: 01 Sep 1997 13:08:42 -0700 Surindra, thank you for the information. Unfortunately, this site gives information on different Russell Indices, but not on the listing of 1000,2000 or 3000 stocks from which Russell indices are derived. Talib At 07:43 PM 9/1/97 +0000, you wrote: >>>> Try this from their home page: http://www.russell.com/indexes/us/default.htm Arial SurindraArial ---- From: Talib Hirji < To: canslim@mail.xmission.com Date: Monday, September 01, 1997 1:07 PM Subject: Re: [CANSLIM] RUSSELL 2000 I would appreciate, if somebody can tell me from where on the web I can get listing of Russell 2000 stocks. Thank You, Talib Arial ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] MSON, MCRL Date: 01 Sep 1997 20:14:08 GMT On Fri, 29 Aug 1997 08:27:13 -0500, you wrote: :On 29 Aug 97 at 3:08, Dan Musicant wrote: : :> MSON started very strongly and was soon up 6 to 8 points, and held :> there all day. If you didn't get in early you're not above your :> entry point.=20 : :Just yesterday? Are we talking about the same MSON? Its range was a=20 :little over 2 points and closed just above 1 point gain.=20 :Unless you are talking about gain from your entry price.... or I=20 :missed the whole move somehow. :-) I was talking about percentage gain, not points. Sorry. Obviously, percentage gain/loss tells you more about how a stock is doing than the number of points, and I pay more attention to it. Dan ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: Re: [CANSLIM] Canslim stocks Date: 01 Sep 1997 18:33:02 -0400 Charles F. Corbit III wrote: > Connie Mack, > > Thanks for posting the list of stocks. However, I have a few simple > questions. You might have explained them before, but I missed them. > (I am > on too many mailing lists and my inbox is getting unbearable to deal > with > ). Anyway, if you could answer the following it would be > appreciated; > > 1.) What is the source of the stocks and the filter ? > >Charles--The Canslim stocks are included in 17-20 page letter I get from : http://bacm@pacbell.net I've no idea how I came upon this service; I didn't order it. It does cover a lot of statistical stuff. I don't pay much attention to it; I just happened to notice the Canslim stuff; do not know what numbers may mean to you and other members. > 2.) What is the relative price, relative to what ? > Don't know. > 3.) What are the modified high and low bars ? > Am speculating: Seems to mean that the filters are differently set. Some more restrictive than others. Let me know if I can add anything. Connie Mack ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] RUSSELL 2000 Date: 01 Sep 1997 20:59:59 -0400 Talib, Actually - you can find the stocks which make up the indices in PDF format on the site Surindra gave. Look at the menu down the left side of the home page and choose "Index Reconstitution". Then choose the PDF file you wish (1000, 2000, or 3000). Also, here is a direct link to the PDF for the R2000 index: http://www.russell.com/indexes/us/recon/r2000.pdf This is in Adobe Acrobat format so you must have the (free) Adobe reader to show it on your computer. The document gives the symbol name and company name for each company. Unfortunately, it is not an editable list. Regards, Craig At 01:08 PM 9/1/97 -0700, you wrote: >Surindra, thank you for the information. > >Unfortunately, this site gives information on different Russell Indices, but not on the listing of 1000,2000 or 3000 stocks from which Russell indices are derived. > >Talib > > >At 07:43 PM 9/1/97 +0000, you wrote: >>>>> > >Try this from their home page: > >http://www.russell.com/indexes/us/default.htm > >Surindra > > ---- >From: Talib Hirji >To: canslim@mail.xmission.com >Date: Monday, September 01, 1997 1:07 PM >Subject: Re: [CANSLIM] RUSSELL 2000 > >I would appreciate, if somebody can tell me from where on the web I can get >listing of Russell 2000 stocks. > >Thank You, > >Talib > > > > > ------------------------------------------------------------------------------- From: "Patrick Toy" Subject: [CANSLIM] JPMX Date: 01 Sep 1997 22:43:44 -0400 JPMX Electrical Connectors Industry EPS: 99 RS: 98 GRP RS: 87 A/D: C Timeliness: B Funds: 28% 6 million shares outstanding 2.7 million float ADV: 74,600 (Has been ~100,000 until the last few weeks) Sept. 96 Dec. 96 Mar. 97 Jun. 97 Earnings: +999% +500% +440% +107% Sales: +71% +114% +110% +85% Estimate for 1998 is 1.45 (+32%) I have traded this stock a few times in the past. Basing right now in the 34 range on low volume and looks ready to "pop". Comments? P.T. ------------------------------------------------------------------------------- From: Talib Hirji Subject: Re: [CANSLIM] RUSSELL 2000 Date: 01 Sep 1997 20:06:23 -0700 Craig and Surindra , I appricate your guidance in the right direction for Russell. It was my mistake not to look in detail the web site. Thank You, talib At 12:59 AM 9/2/97 +0000, you wrote: >Talib, > >Actually - you can find the stocks which make up the indices in PDF format >on the site Surindra gave. Look at the menu down the left side of the home >page and choose "Index Reconstitution". Then choose the PDF file you wish >(1000, 2000, or 3000). > >Also, here is a direct link to the PDF for the R2000 index: >http://www.russell.com/indexes/us/recon/r2000.pdf > >This is in Adobe Acrobat format so you must have the (free) Adobe reader to >show it on your computer. The document gives the symbol name and company >name for each company. > >Unfortunately, it is not an editable list. > >Regards, >Craig > >At 01:08 PM 9/1/97 -0700, you wrote: >>Surindra, thank you for the information. >> >>Unfortunately, this site gives information on different Russell Indices, >but not on the listing of 1000,2000 or 3000 stocks from which Russell >indices are derived. >> >>Talib >> >> >>At 07:43 PM 9/1/97 +0000, you wrote: >>>>>> >> >>Try this from their home page: >> >>http://www.russell.com/indexes/us/default.htm >> >>Surindra >> >> ---- >>From: Talib Hirji >>To: canslim@mail.xmission.com >>Date: Monday, September 01, 1997 1:07 PM >>Subject: Re: [CANSLIM] RUSSELL 2000 >> >>I would appreciate, if somebody can tell me from where on the web I can get >>listing of Russell 2000 stocks. >> >>Thank You, >> >>Talib >> >> >> >> >> > > > ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] canslim screening Date: 01 Sep 1997 22:21:35 -0700 At 11:45 AM 8/31/97 -0400, you wrote: >Are there any sites that are capable of canslim screening using win 3.1? > www.ultra.zacks.com. Sign up for a 30 day trial and d/l the Research Marvel - it does pretty good screens. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] mfac Date: 01 Sep 1997 22:26:35 -0700 At 12:04 PM 8/31/97 -0700, you wrote: >Hi I bought MFAC @ 24 earlier in the week and now they are down around 22. >They have excellent #'s and I know as soon as I sell it will go to the >moon! Any thoughts or news about MFAC I haven't heard out there? Thanks >Richard > FWIW shows up on my radar as a strong one, have been too chicken to buy it, due to the recent price move which didn't seem to have much support... Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] mfac Date: 02 Sep 1997 13:46:34 GMT On Mon, 01 Sep 1997 22:26:35 -0700, you wrote: :At 12:04 PM 8/31/97 -0700, you wrote: :>Hi I bought MFAC @ 24 earlier in the week and now they are down around = 22. :>They have excellent #'s and I know as soon as I sell it will go to the :>moon! Any thoughts or news about MFAC I haven't heard out there? Thanks :>Richard :> :FWIW shows up on my radar as a strong one, have been too chicken to buy = it, :due to the recent price move which didn't seem to have much support... : :Tim Fisher I've been watching it ever since it was pointed out in this newsletter. My feeling is that it will run up again. I wouldn't move on it until it breaks out, though. One to watch. Dan ------------------------------------------------------------------------------- From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] Sending large files to the canslim group Date: 02 Sep 1997 08:00:04 -0600 Everyone, >From time to time, you may wish to share large files with our group (i.e. gif, jpeg, spreadsheets, etc). Our list is configured to reject large postings (even if they are properly encoded) since the sheer volume has caused problems in the past. As an alternative, we have provided an anonymous ftp site. To provide your file to the group, please follow these instructions: 1. Send your file to: "ftp://chaos.csd.sdl.usu.edu/pub/incoming/". See ftp instructions below. 2. Send mail to me directly at "jeff.salisbury@sdl.usu.edu" telling me the name of the file that you uploaded. I will move the file from the incoming directory, to the canslim directory where people will be able to download your file. 3. After I notify you that the file has been moved to the canslim directory, you should send an email to the canslim group describing your file, and its URL (i.e. ftp://chaos.csd.sdl.usu.edu/pub/canslim/GreatBoom.gif). Although this may seem unwieldy at first, it really isn't too bad and it solves more problems than it creates. You should note that I do not monitor my email on the weekends as closely as during the week. Therefore, steps 2-3 may take longer over a weekend. Best Regards, Jeff Salisbury =========================================================================== FTP Instructions: 1. Using Netscape, go to the URL: "ftp://chaos.csd.sdl.usu.edu/pub/incoming/". 2. On the Netscape "File" menu, select "Upload File..." This will open a file selection widget on your hard-drive. Select the file you wish to upload and hit the "Ok" button. At this point, your file will be uploaded. 3. Eventhough your file has been uploaded, you will not be able to see the file in your netscape browser. The reason for this is that the "incoming" directory is set to write-only for security reasons. ------------------------------------------------------------------------------- From: Peter Christiansen Subject: [CANSLIM] Breakout - PLXS Date: 03 Sep 1997 01:28:09 GMT+7 For those that are interested, PLXS is breaking out on excellent volume from a double bottom formation today. The numbers appear to be quite good. Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ SET PATH=Bookshelf;DeskDrawer;Closet;BoxUnderBed;GarbageCan ------------------------------------------------------------------------------- From: "WILLIAM DANIELS" Subject: Re: [CANSLIM] Breakout - PLXS Date: 02 Sep 1997 14:43:34 -0500 Peter Christiansen wrote: > > For those that are interested, PLXS is breaking out on excellent volume from a double > bottom formation today. The numbers appear to be quite good. > > Peter Christiansen > Chiang Mai, Thailand > > Connected with OS/2 Warp 3.0 & The Post Road Mailer > _____________________________________________________________________________________ > > SET PATH=Bookshelf;DeskDrawer;Closet;BoxUnderBed;GarbageCan I am new to this mailing list and new to CANSLIM investing. Can you tell me what "timeframe" of graph shows the double bottom and breakout for this stock. A daily price graph shows mid-Jul and mid-Aug price depressions/troughs. Is this the double-bottom you refer to or is it the longer term double bottom that I see spread over a year or two on a graph of monthly prices? Thanks for sharing your research and your know-how with me. Bill Daniels bill.daniels@fedex.com ------------------------------------------------------------------------------- From: "Jason P. Butler" Subject: [CANSLIM] Information Date: 02 Sep 1997 15:14:29 -0500 (CDT) Could someone plese let me know of a service that will allow me to download data on stocks that I can import into Access. The data doesn't have to be in any particular format, but I would like to be able to possible get data on all stocks on the NYSE, NASDAQ, AMEX in one file. I'm not sure if this information is available, and if it is, if it costs anything. Thanks Jason ------------------------------------------------------------------------------- From: "Gess Shankar" Subject: Re: [CANSLIM] Information Date: 02 Sep 1997 17:41:47 -0500 On 2 Sep 97 at 15:14, Jason P. Butler wrote: > Could someone plese let me know of a service that will allow me to > download data on stocks that I can import into Access. The data > doesn't have to be in any particular format, but I would like to be > able to possible get data on all stocks on the NYSE, NASDAQ, AMEX in > one file. I'm not sure if this information is available, and if it > is, if it costs anything. > If you mean daily historical data, there are many sources. But the cheapest one I know of is from i-soft (http://www.stockwiz.com). It costs $10 a month. You download one file daily for about 12000 stocks (US and Canada) and all the indices. Data is exportable to Metastock. It is simple comma delimited text file with ticker, open, close, high, low, volume per symbol. They have a couple of months of data free for you to look at and work with, before you subscribe. You can also get daily data free for about 20 symbols. Gess Gess :::::::::::::::::::::::::::::::::::::::::::::::::::::::: Gess Shankar pax vobiscum gess@earthchannel.com http://www.earthchannel.com Earth Channel Communications, LLC. :::::::::::::::::::::::::::::::::::::::::::::::::::::::: ------------------------------------------------------------------------------- From: Sam Funchess Subject: [CANSLIM] Short Interest on Keg? Date: 02 Sep 1997 21:26:04 -0700 Once again short interest is not displayed on DG, can someone tell me a free site I can find this? Thanks sam sam5@mindspring.com ------------------------------------------------------------------------------- From: "K Strauss" Subject: Re: [CANSLIM] Information Date: 02 Sep 1997 21:23:49 -0400 Take a look at http://www.stockwiz.com/daily.html and at http://www.naq.com/ I am not aware of a free service. ---------- > From: Jason P. Butler > To: canslim@mail.xmission.com > Cc: daytrades@pobox.com > Subject: [CANSLIM] Information > Date: Tuesday, September 02, 1997 4:14 PM > > Could someone plese let me know of a service that will allow me to > download data on stocks that I can import into Access. The data doesn't > have to be in any particular format, but I would like to be able to > possible get data on all stocks on the NYSE, NASDAQ, AMEX in one file. > I'm not sure if this information is available, and if it is, if it costs > anything. > > Thanks > > Jason > > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Economic Calendar, week of 9/2/97 Date: 02 Sep 1997 22:45:01 -0400 Well, it's too late to let you know that NAPM was being reported today, and expectations were for 57.0%. I assume all now know results came in at 56.8%, a good strong economic expansion indication, but slower than in July, leading to the bond mkt reversing (it was down half a pt at the time), and finishing up over half a pt. Oh, and the stock mkt had its best pt day in history, up 257 pts. Actually, I was a little disappointed as we broke the 250 pt circuit breaker too late in the day for a trading halt. I was really looking forward to a learning opportunity to see how the mkt would act when trading had resumed. Oh well, maybe Wednesday! In case you are wondering why the reaction was so severe, the recently released Chicago region NAPM had led many to expect a much higher number, so this was a case of "whisper nrs" reaction. WEDNESDAY Construction Spending, for July, last down 1.1%, expected up 1.0% Leading Indicators, for July, last unchanged, expected up 0.2% THURSDAY Initial Jobless Claims, week to 8/30, last 323K, expected 320K, good news if comes in over about 325K, bad news if comes in under 315K Money Supply (M2), wekd to 8/25, last up $15bil, expected up 3.0bil Factory Orders, for July, last up 1.2%, expected down 0.2% - I think this nr could be in pos territory, altho the NAPM report today suggests that ordering has slowed as has inventory buildup. FRIDAY (the big one) Nonfarm payrolls, for August, last was 316K, expected up 75K. The UPS strike may have a delayed effect on this, causing the results to be under forecast. Anything much over about 120K could be worrisome. Anything in the 50-75K range will likely suggest poor seasonal adjustments by Labor. Of course, a negative nr could be interesting!!! Unemployment Rate, for August, part of the overall employment report, last was 4.8% and is expected to remain unchanged. I think this might creep up to 4.9%, but what do I know??! Good volume today, since many brokers and investors are likely still on vacation. Volume esp encouraging since much came in after we were already up over 100 pts. I suspect many funds mgrs, due to the recent volatility, were doubting thomas' till then, then began to commit funds. I don't believe they are anywheres near out of cash, either. We closed at the highs of the day, I am looking for a followthru day on Wednesday barring any terrible news. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] HTCH - Hutchison Date: 02 Sep 1997 22:55:55 -0400 Don't recall who posted on this one, but likely to gap down on the open on Wednesday as it announced after the close that current (Q4) qtr won't be so hot. Expects to report "roughly break even results" compared to a profit of of 8 cents a year ago and street estimates of a profit of 37 cents (ouch, break even with 37 cents expected!!). The explanation: "softening demand for its suspension assemblies" for hard drives. In a more detailed story, co said it had had some production problems, which have now been fixed, and production has increased to the 250K/week level. In aftermarket trading, stock was trading at 31.875 compared to its regular trading close (up 5/8) at 33.625. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Stocks Possibly in Trouble Date: 02 Sep 1997 23:06:11 -0400 Well, we are now solidly thru the Q2 earnings cycle, and starting to see the comments and projections on Q3 results. Noted four that warned of disappointing results coming up, including HTCH, JPMX, GSCI and GTW (Gateway 2000). The first three were based on comments from the specific cos. The latter (GTW) particularly caught my eye as the comments from Paine Webber indicated softening demand during the second qtr caught the company with excess and somewhat outdated inventory, which is expected to lead to price cuts to get rid of this inventory. In turn, this is expected to lead to earnings estimate cuts. All this per Paine Webber analyst. Current street estimate is for a Q3 profit of 47 cents. Stock dropped 10% during the day on this bit of info before rallying to close down 2.25 on average volume. Closed at 36.875 after trading as low as 35. I suspect this may have impeded the computer group doing even better today, and could continue to affect both GTW in particular and the group in general tomorrow. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Alladin - ALDNF Date: 02 Sep 1997 23:18:12 -0400 One I stole from another Broker Dealer, small cap, vol up 100% today but not yet broken out from short base. RS 86, EPS 98, FY97 estimate shows up 30%, last three qtrs up 47 - 53%, timeliness A, up/down 1.9. Co is in software group, doing information security. Issue is 10 mil, no info on float. Group RS is 84. No info on institutional holdings, trading around 15. Remember my signature block, I mean it. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Micrel - MCRL Date: 02 Sep 1997 23:21:32 -0400 Now in its third week of consolidation, setting up nicely, worth keeping an eye (and a volume/price limit minder) on. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] JPMX Date: 02 Sep 1997 23:32:47 -0400 As I posted earlier tonight, co announced weakness in current (Q4) qtr. Chart looks generally good otherwise, little warning of this other than the up/down of 0.5 and vol drying up (together suggests to me an absence of serious buying, just continued normal selling). The news may be exaggerated as Q4 looks to be a seasonally weak qtr anyway, and would likely have looked worse than Q3 even if it was to be a good one. However, suspect this news will put selling pressure on the stock on Wednesday, continuing the 1.25 drop today in an otherwise good mkt. Volume today was lighter than normal, so any overreaction or news leakage not excessive yet, could be other factors balancing out this bit of bad news. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Patrick Toy > To: canslim@mail.xmission.com > Subject: [CANSLIM] JPMX > Date: Monday, September 01, 1997 10:43 PM > > JPMX > > Electrical Connectors Industry > EPS: 99 > RS: 98 > GRP RS: 87 > A/D: C > Timeliness: B > Funds: 28% > 6 million shares outstanding > 2.7 million float > > ADV: 74,600 (Has been ~100,000 until the last few weeks) > > Sept. 96 Dec. 96 Mar. 97 > Jun. 97 > Earnings: +999% +500% +440% > +107% > Sales: +71% +114% +110% > +85% > > Estimate for 1998 is 1.45 (+32%) > > I have traded this stock a few times in the past. Basing right now in the > 34 range on low volume and looks ready to "pop". > > Comments? > > P.T. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Breakout - PLXS Date: 02 Sep 1997 23:38:34 -0400 I agree. A followthru on Wednesday, and this one could be on its way. Trailing PE currently at 30, so hardly overpriced considering revenue and earnings growth. CS nrs all look good, base is short, but then that is typical of many undervalued NASDAQ stocks that have (relatively) small floats. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Peter Christiansen > To: CANSLIM > Subject: [CANSLIM] Breakout - PLXS > Date: Tuesday, September 02, 1997 9:28 PM > > For those that are interested, PLXS is breaking out on excellent volume from a double > bottom formation today. The numbers appear to be quite good. > > > Peter Christiansen > Chiang Mai, Thailand > > Connected with OS/2 Warp 3.0 & The Post Road Mailer > ____________________________________________________________________ _________________ > > SET PATH=Bookshelf;DeskDrawer;Closet;BoxUnderBed;GarbageCan ------------------------------------------------------------------------------- From: Richard Karst Subject: [CANSLIM] Cup and Handle Scanner Date: 02 Sep 1997 23:43:14 -0400 Hello Group I've been lurking for a while, thought that I might be able to add some value with this little discovery ..... I might note that I do NOT have any association with the developer . If you use TC 2000 as a data source this software utility scans for cup and handle formations .... I don't use TC 2000 but some of you might find it useful FWIW . I have included a copy of the TXT file that comes with the demo .... enjoy Richard USER'S GUIDE - PROGRAM CS3 Version 2.0 By: Rick Martinelli, Haiku Laboratories, (haikulab@maui.net) and Barry Hyman, Financial Investment & Management Group, Ltd. Updated August, 1997 Note: This text version of the user guide contains no graphics. For a graphical version, open CS3 Users Guide.doc in Word 7. 1. INTRODUCTION Program CS3.exe, Version 2.0, is a 32-bit console application for Windows 95. Its purpose is to screen a Telechart database of stock market items for those which exhibit technical characteristics of some of the patterns identified in the work of William O'Neil. (See How to Make Money in Stocks, by William O'Niel McGraw Hill, 1991). These are called Canslim-type charts The program uses technical data only (price and volume) and identifies stock-charts which exhibit basing formations accompanied by constructive price and volume characteristics or "accumulation". The program does not look at fundamentals and therefore does not identify Canslim stocks per se. It is up to the user to determine if the stocks also exhibit desirable fundamental characteristics. The most common of such price patterns is the cup-with-handle formation. Constructive price-volume action occurs when, as the stock first rises from a the bottom of a base, the volume is significantly higher than the average volume in the base. (See Figure 1) This characteristic usually signals institutional buying, or "accumulation". After the stock makes the first move out of the base, a pullback into the "handle" area is common. This pullback is constructive only when accompanied by significantly less volume than that in the rise. Such price-volume action is indicative of profit taking, or bleeding off of an "overhead supply" of non-institutional, or small, sellers. It is at this point that the stock has completed a constructive set-up. After the second day of light volume in the "handle" the stock should be identified (which is where the program first screens it) and followed thereafter daily. The program does not identify the point at which to buy the stock, but rather it identifies stocks prior to the point at which they should be bought. It us up to the user to determine the buy point as follows: The stock should be purchased the first day it breaks above the "pivot point", defined as the high point prior to the handle pullback, but only when accompanied by volume significantly higher than the average daily volume. The stock will continue to be identified by the program every day until the day the price breaks out, or the pattern breaks down. The program outputs a list of stocks which meet the above mentioned criteria. Along with the stock's symbol is the Gamma indicator which measures the strength of their accumulation characteristics. Those stocks with largest Gamma values have the strongest, very-recent accumulation. Of course the program is not foolproof and a very small number of "peculiar" charts will fool the program and will make it through. The user should look at each chart to determine if the pattern is indeed constructive. To improve one's results, we suggest the program be accompanied by use of data sources with which the user can research the companies' earnings and other fundamental and technical characteristics. Section 2 below provides a brief description of the search algorithm. Sections 3 and 4 provide instructions on installation and execution of CS3, and Section 5 describes the screen output of CS3. In Section 6, the output file is described and an example given. A Price-Volume chart of the stock with the largest Gamma value is also displayed, and the cup-and-handle pattern is indicated on the chart. A daily Canslim search procedure is given in Section 7. 2. THE SEARCH ALGORITHM This section briefly describes the algorithm that is used by the program's search engine. Figure 1 shows a mathematical idealization of a Canslim-type chart, consisting of a closing-price line, which contains a classic cup-and-handle formation, and daily volume information. The time axis has been divided into five time-frames, whose boundaries are indicated by times 0, Tk, Ta, Tb, Tc and Td on the Figure. The time-frames are summarized in Table 1 below. The table gives the name of the frame and its minimum and maximum lengths in days. The maximum length of any scan is 250 days, or one year of Telechart data. For each of the time-points 0, Tk, Ta, Tb, Tc, Td on Figure 1, corresponding price values have been indicated on the price line by P0, Pk, Pa, Pb, Pc and Pd, respectively. Point Pc is called the pivot point of the pattern. Since the search algorithm uses only relative prices, the price scale has been arbitrarily chosen so that point Pa has value 100. Figure 1. An example of an idealized Canslim-type chart. The price-line is shown in blue, volume is shown in red and uses the right-axis. Frame Name Range Minimum Maximum 0 Look-Back 0 to Tk 0 104 1 Setup Tk to Ta 2 30 2 Cup-Leftside Ta to Tb 30 100 3 Cup-Rightside Tb to Tc 3 25 4 Handle Tc to Td 2 30 Table 1. Summary of the five time-frames CS3 performs 510,255 scans on each chart, corresponding to all possible combinations of time-frame lengths, searching for charts that meet a set of proprietary mathematical requirements involving price, volume and time constraints. For example, one requirement is that the rapid price increase in frame 3 is accompanied by a large increase in daily volume, as shown in Figure 1. A chart that has a pattern that meets all the requirements is called a "find". If there is more than one find for a particular chart, the pattern that produces the highest Gamma value is selected and written to the output file. 3. INSTALLATION Program CS3.exe is installed by copying it to a folder in Windows 95. For ease of use, it should be installed in the same folder as Telechart's programs, usually c:\tc2000 for the Dos version or c:\tc2000cd for the Windows version. It is convenient to also install an Excel Shortcut in the same folder. The default folder for Telechart data is c:\tc2000\data, which contains 26 sub-folders A through Z, where data files are stored alphabetically by symbol. This arrangement of folders should not be changed by the user. This is also where the portfolio file "basename" is usually located. The portfolio file contains the list of stocks in the database. Both its name and location may be modified for use with CS3. CS3 assumes all the data is in one place, i.e., it cannot merge data from the hard disk with data from a CDROM. You must activate at least one year (250 days) of data to your hard drive; CS3 ignores any chart with fewer days. 4. EXECUTION Execute CS3 by double clicking its icon in the Windows 95 Explorer. An application window opens and the user is prompted for input parameters. A default parameter value is displayed in parenthesis with each prompt, and is accepted by hitting the `Enter' key. Default parameter values were established during a relatively bullish market so that screening a large portfolio would yield a small, manageable number of finds, say a few dozen or so per day out of about 10,000. However, under different market conditions, the user may adjust input parameters to increase or decrease the number of finds. Prompts 4 through 8 below are for that purpose. The program may be exited by hitting Ctrl-C at any time. The prompts are as follows: 1. Enter Data Path (c:\tc2000\data\): This is the path containing the Telechart data folders A through Z. If you modify this, be sure to include the last back-slash. 2. Enter Portfolio Filename (c:\tc2000\data\basename): Enter the name of the list of stocks to be searched. You may create this list in a text editor, or use Telechart's default file basename. If you create it, be sure the number of stocks in the list is the first entry in the file. The number of stocks is limited to 32,000. 3. Enter Output Filename (Cs3.csv). This is a comma-delimited data file. The csv extension allows Windows 95 to automatically open this file with Excel. When used without a path, as in this default, the file will be saved in the same location as CS3.exe. If you re-use this filename, be sure to rename the old file before running CS3, if you wish to save its contents. 4. Enter Minimum Handle Boundary (0.5). This number determines how far price can drop during handle formation. A value of 0.5 means it cannot fall below half the distance between the minimum value in the left-cup and top of the cup (Pc). Decreasing this value will result in more finds. 5. Enter Maximum Pivot Boundary (1.0). This number determines how far point Pc can rise above point Pa on the left side of the cup. A value of 1.0 means it cannot rise above point Pa. A value of 1.05 means it can be as high as 1.05 times Pa and still be accepted. The minimum value is 1.0. Values larger than 1.05 may yield deformed cups. 6. Enter Maximum Zero-Volume Days (1). This is the maximum allowable number of days within a pattern for which there was no volume (no trades). Any pattern having more zero-volume days will be rejected. Entering a large number here (e.g., 100) effectively removes this criterion. 7. Enter Minimum 50-Day Average-Volume (Hundreds) (0.0). This may be used to reject items with insufficient volume for a particular trading scheme. A value of 0.0 means no stocks will be rejected. A value of 100 means stocks with a 50-day volume average of less than 10,000 shares will be rejected. 8. Enter Minimum Price (0.00). Any stock whose closing price is below this value on the last day in its chart will be rejected. A value of 0.00 means no stocks will be rejected on this basis.. 5. SCREEN OUTPUT Upon completing parameter entry, CS3 begins scanning charts for possible Canslim patterns. For each chart, CS3 displays its symbol, the number of scans and the number of finds. If there are fewer than 250 data points available for a particular chart, a message to that effect is displayed and the chart is not scanned. Zero finds indicates that no Canslim formations could be found. If there are several finds, the pattern having the largest Gamma value is selected, and this information is written to the output file. 6. FILE OUTPUT The output file contains header information followed by a table of stock symbols of Canslim-type charts. For each symbol, the table includes its Gamma value, the last date in the scan, and finally the lengths of the time-frames of the matching pattern. Under normal circumstances, the last date should be the same for all finds. An example of an output file is shown in Figure 2, sorted by Gammas. User input parameters are displayed in the header followed by the list of finds. Each line in the list contains the item's symbol, the computed Gamma value, the last date in the file, the number of finds in the chart and the lengths of each of the pattern time-frames. A Price-Volume chart of the stock having the highest Gamma value (CBUK) in the list is shown in Figure 3. Five points are marked on the Price line with small red squares as Pk, Pa, Pb, Pc and Pd, indicating the location of the Canslim pattern detected by the algorithm. The daily volumes associated with the pattern are shown in the chart as vertical lines. The 21-day handle lies in the region between points Pc and Pd. Point Pc is the pivot point and is the point with highest daily high. Point Pd is always the last price point. Frame 3, the rise in the right side of the cup, lies between points Pb and Pc and is distinguished by three large up-volume days. Point Pa, the left end-point of the cup, is the point with largest closing price that meets all other constraints. Lastly, the Setup frame lies between points Pk and Pa and is 22 days long. 7. A DAILY CANSLIM SEARCH PROCEDURE The following is a suggested method for locating Canslim-type charts on a daily basis. This procedure assumes you have program CS3, the Telechart database, and a spreadsheet program like Excel installed as described above. 1. Update your TC2000 database. 2. Run program CS3.exe to produce the output file CS3.csv (or the user's name). This procedure will replace any old copies of the output file, so be sure to rename existing files if you want to keep them. You may use the default parameter inputs for CS3, or modify them for a custom search. 3. Open output file CS3.csv in Excel. Sort the output data by descending Gamma values using Excel's Data | Sort options. Stocks that appear near the top of the sorted list will have the largest Gamma's and should be used in the next steps. A more complete description of the contents of this file is given above. Figure 2. Output file example. A price-volume chart of CBUK is shown in Figure 2. Figure 3. A Price-Volume chart of CBUK showing the locations of the points Pk, Pa, Pb, Pc and Pd of the cup and handle pattern. 4. Chart the items in step 3 with Telechart. In each chart, you should be able to discern the Canslim formation by using time-frame information given in the output file.. You may need to reset the time scale to see it, usually the one-year scale is best. Up-volume is shown in green, and down-volume in red. The "dot" key may be used to insert a vertical time-line on a chart. As the line is moved using the arrow keys, price and volume for each day are displayed at the bottom of the screen. 5. Obtain news and fundamentals for the good looking charts in step 4. Fundamentals are available from a number of sources, including a broker, O'Niel's Daily GraphsTM book, newspapers, and the Internet. Internet users may try http:// www.Pcfn.com/pcfn/ and http://quote.yahoo.com as a start. You may search for other sites with keywords like "stock quote". You may optionally pre-screen your TC2000 database to select items by earnings per share (EPS) and Telechart's version of relative strength (RS). The entire database contains nearly 10,000 items at this time. Screening with RS=60 and EPS=40 should yield a database of from 2000 to 3000 items, depending on your choices, and speeds up the overall process. Telechart updates these two numbers on a monthly basis so you only need to do this once a month. 8. SUPPORT - contact haikulab@maui.net. Support is only available to Registered Users and during the 30-day evaluation period. 9. DISCLAIMER - This product is only intended as a tool in a market-trader's arsenal of software products. There are no claims made as to the ultimate performance of the market items selected using this product. CS3 USERS GUIDE Page 7 ------------------------------------------------------------------------------- From: Peter Christiansen Subject: Re: [CANSLIM] Breakout - PLXS Date: 03 Sep 1997 16:41:58 GMT+7 ** Reply to note from "WILLIAM DANIELS" Tue, 02 Sep 1997 14:43:34 -0500 > I am new to this mailing list and new to CANSLIM investing. Can you > tell me what "timeframe" of graph shows the double bottom and breakout > for this stock. A daily price graph shows mid-Jul and mid-Aug price > depressions/troughs. Is this the double-bottom you refer to or is it > the longer term double bottom that I see spread over a year or two on a > graph of monthly prices? Yes Bill, I am looking at the mid July to present consolidation. The fact that the second bottom undercut the first is a good sign, as it shakes out the weaker holders. Note also that the volume dried up on the second bottom. This is positive action. The buy point was as the price broke above the middle of the "W"; around $29 1/8. Cheers, Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ You can tell a real programmer by the keyboard dents in his forehead. ------------------------------------------------------------------------------- From: "Chuck" Subject: [CANSLIM] Intro: Chuck Hustmyre Date: 03 Sep 1997 07:20:43 -0500 Greetings. I just signed onto the group. I am a stock market neophyte and have recently completed Mr. O'neil's book. I also have another book put out by IBD. CANSLIM seems a very sensible way to invest to me. I am particularly interested in the loss cutting policy. My first question is a clarification of sorts. Is the strict 7-8% loss a 7-8% loss in the stock price or in the total invested including commissions and spreads? If you calculate commissions and spreads you are already down about 2-3% the moment after you buy the stock, leaving only room for a 5-6% price decline before you are stopped out of a stock. Thanks, Chuck BTW, I am only a subscriber to the digest version so if you respond to this please include a copy directly to my email address so I will be sure to get it. ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: [CANSLIM] High EPS versus RS Date: 03 Sep 1997 13:12:17 GMT Which of these two barometers of a stock is *more important*, or (rather), which would I prefer to see at the highest possible level? When I look at a CANSLIM stock I'd rather see EPS 99 and RS high, but not *that* high. Am I wrong, or is my reasoning correct? [How useful is reason here??] If the EPS is tops, it's REALLY performing. If the RS is not tops, it's got room for improvement =3D this stock is more likely than a RS 99 stock to advance extremely!=20 That is to say, I'd rather see EPS 99 than EPS 96 RS 96 RS 99 Ideas? Dan ------------------------------------------------------------------------------- From: cowboys@wworld.com (Michael Ray Bunting) Subject: RE: [CANSLIM] Cup and Handle Scanner Date: 03 Sep 1997 08:19:52 -0700 ------ =_NextPart_000_01BCB842.40F54760 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: quoted-printable -----Original Message----- Sent: Tuesday, September 02, 1997 8:43 PM Hello Group I've been lurking for a while, thought that I might be able to add some value with this little discovery ..... I might note that I do NOT have any association with the developer . If you use TC 2000 as a data source this software utility scans for cup and handle formations .... I don't use TC 2000 but some of you might find it useful FWIW . I have included a copy of the TXT file that comes with the demo .... enjoy = = =20 Richard, How do you get the demo,can you download it . 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Date: 03 Sep 1997 08:00:04 -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. (BEST way) via your web browser at: ftp://ftp.xmission.com/pub/lists/canslim/ Click on either "archive" or "latest" and browse away. 2. (Not as convenient) via email: Send an email to majordomo@xmission.com with the following as the body of your message: "index canslim". Then send a follow up email to request an old email from either the "archive" or "latest" directory. Note that your request must be in the body of your email. For example: "get canslim latest/001" will retrieve file "001" from the "latest" directory. "get canslim archive/v01.n066" will retrieve file "v01.n066" from the "archive" dir. Best Regards, Jeff Salisbury - CANSLIM list owner/admin ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] High EPS versus RS Date: 03 Sep 1997 10:54:34 -0400 I have done quite a bit of thinking about this over the last 6 months. My conclusion is that high RS is much more important than high EPS rank. RS represents the market's expectations for the company whereas EPS rank indicates how it has done so far. High EPS ranks with slow performance may mean that the company is 1) likely to have lower earnings in the future, 2) has not been "discovered" yet. This goes along with O'Neil's statement that the most expensive merchandise is frequently of higher quality. Some examples of high RS stocks that kept on trucking this year are DELL, JBIL circuits. What I am saying is that my first screen would be the 100 highest RS stocks. Those are the ones to watch for bases and breakouts and continuations. My second screen would be the top 100 EPS ranked stocks (there is some overlap). An example of a high EPS stock, low RS stock that has rocketed out of the gate the last few days is ZOLT (Zoltec). But it had a huge rise starting about 2 years ago (from 8 to 40). It then took a well deserved long rest (it has been basing since April of 1996 - about 16 months). The earnings just kept coming through and it broke out 3 days ago. So, yes this one looks great for a double, but so did DELL in May of 1997 (3 months ago). At that time DELL's RS was 98 or 99 and it took of out of a base at 40. It is now in the mid 80's. So both approaches can work. It is a fallacy, however, to think that because a stock has a RS of 99, it has made its run. There are plenty of RS 99 stocks that will double over the next year. There are also plenty of EPS 99 stocks that will do the same thing. Given a choice between a RS/EPS 99/80 stock and a RS/EPS 80/99 stock which is breaking out - I would want to see the base of each, the last 4 qtrs, last 5 years, eps estimates, industry group ... before making a decision between the two. Bottom line - my first filter is the highest RS stocks in the market - they are by definition the Leaders and will in general continue to lead. Hope this helps. Craig PS. I always like to see RS > 80 and in most cases much higher than that to consider a stock. With EPS, I will often accept an EPS of 75 if the RS is 90+ and the last 4 qtrs earnings (and revenues) are coming in like gangbusters (say 80%, 95%, 100%, 90%). CYMI for one was in that type of situation earlier this year. PPS. For an example of a high RS stock breaking out that could keep it's RS of 99 over the next year while it doubles or triples, look no further than PLXS over the last 3 days (thanks Peter). No guarantees of course, and I am definitely recommending against chasing any of the stocks mentioned here (I do not buy more than 10% past a valid pivot point breakout). At 01:12 PM 9/3/97 GMT, you wrote: >Which of these two barometers of a stock is *more important*, or >(rather), which would I prefer to see at the highest possible level? > >When I look at a CANSLIM stock I'd rather see EPS 99 and RS high, but >not *that* high. Am I wrong, or is my reasoning correct? [How useful >is reason here??] If the EPS is tops, it's REALLY performing. If the >RS is not tops, it's got room for improvement = this stock is more >likely than a RS 99 stock to advance extremely! > >That is to say, I'd rather see > >EPS 99 than EPS 96 >RS 96 RS 99 > > Ideas? > >Dan > > > ------------------------------------------------------------------------------- From: dirk schelfhout Subject: [CANSLIM] IBD subscription Date: 03 Sep 1997 17:21:32 +0200 I contacted IBD for information regarding a subscription from Belgium. What a joke. Here is the reply : >Subscribers to IBD in Belgium receive the paper about 7-10 days delayed at >a cost of approximately 6.00 US per issue. There are no electronic >subscriptions available at this point. Terms are 6 months and 1 year. >Thanks IBD Thanks but no Thanks, Dirk ------------------------------------------------------------------------------- From: JANSI1AUG1@aol.com Subject: [CANSLIM] Bid/Ask: Spreads Date: 03 Sep 1997 13:37:01 -0400 (EDT) Tom: I don't understand who determines the Bid/Ask price (and exactly what they mean). It seems that their definitions seem to change depending if you are buying or selling the stock (For instance the Bid means one thing when you are buying and another thing when you are selling). I have heard that the brokerage houses buy at the lower price and sells to you (when you put in a bid to buy that stock) at the higher price. Is this the relevance of Bid/Ask-to make money for brokerage firms? Recently, I bought MFAC, putting it in at mkt. price, where the bid was 21.75 and the ask was 22.75. My broker got it for me at 22.75-why not at somewhere in between? I'm posting this to the Digest, because there are probably a lot of CANSLIMMERS out there who are perplexed by these Bid/Ask terms also. jans er. This is why the spreads have tightened so much, where stocks that used to trade with a qtr pt spread now trade with an eighth or a sixteenth spread. The meaning of bid and offer/ask doesn't change whether you are buying or selling. Say you enter an order to sell MFAC at market, then your order will typically be matched with someone bidding for stock, and execution is at the bid. If, while you are entering your order, someone wants the stock pretty badly and so goes high bid, then you get matched there. But the bid is still the lower price of the bid/offer (ask) quote pair. On the other hand, say you want to sell but use a limit. You now are "offering" your stock for sale and become the new, lower offer which may or may not be presented to the mkt place depending on the stock. But even if it is presented, there is still no guarantee you will sell as there must still be someone willing to buy the stock at your limit (could be a BD needing inventory, a BD needing to cover a trading short, or a BD representing a client wanting to buy the stock). Another comment: be very careful and conservative in using an AON (all or none) qualifer on your order. This complicates execution more than any other qualifer I know of, and frequently will quarantee not being executed even when the mkt is at your limit (you're selling and the bid is at your limit or you're buying and the offer is at your limit). Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: JANSI1AUG1@aol.com > To: CANSLIM@xmission.com > Subject: [CANSLIM] Bid/Ask: Spreads > Date: Wednesday, September 03, 1997 1:37 PM > > Tom: > > I don't understand who determines the Bid/Ask price (and exactly what > they mean). It seems that their definitions seem to change depending if you > are buying or selling the stock (For instance the Bid means one thing when > you are buying and another thing when you are selling). > > I have heard that the brokerage houses buy at the lower price and sells > to you (when you put in a bid to buy that stock) at the higher price. Is > this the relevance of Bid/Ask-to make money for brokerage firms? > > Recently, I bought MFAC, putting it in at mkt. price, where the bid was > 21.75 and the ask was 22.75. My broker got it for me at 22.75-why not at > somewhere in between? > > I'm posting this to the Digest, because there are probably a lot of > CANSLIMMERS out there who are perplexed by these Bid/Ask terms also. > > jans ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] High EPS versus RS Date: 03 Sep 1997 20:49:17 -0400 Dan, Hope this won't sound like I am hedging my answer, but I use both RS and EPS in conjunction with a careful scrutiny of the DG chart. I have seen stocks with very high EPS where the recent earnings were 5 cents vs 1 cent kinda stuff. With this kind of stock, I tend to put more weight on revenue growth than earnings growth. I have also seen some stocks with extremely high RS that showed little if any revenue or earnings growth at all, making me suspicious of what was moving the price up. RS is basically a popularity contest (which I always flunked) so guess I don't weigh it as strongly overall as EPS, since that is proven performance. But if the company is just starting to turn profitable and earnings are still very low, then I might still put more weight on RS since that shows a level of expectation. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- Which of these two barometers of a stock is *more important*, or (rather), which would I prefer to see at the highest possible level? When I look at a CANSLIM stock I'd rather see EPS 99 and RS high, but not *that* high. Am I wrong, or is my reasoning correct? [How useful is reason here??] If the EPS is tops, it's REALLY performing. If the RS is not tops, it's got room for improvement = this stock is more likely than a RS 99 stock to advance extremely! That is to say, I'd rather see EPS 99 than EPS 96 RS 96 RS 99 Ideas? Dan ---------- ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Using stop loss (was Intro: Chuck Hustmyre) Date: 03 Sep 1997 21:04:10 -0400 Hi Chuck, welcome to the group. I think you set a record for an intro, next time could you tell us a little about yourself, maybe?? Pleassssee?? You know, like what you do, your professional background, stocks you are looking at, etc?? My understanding of what WON means when he talks of a stop loss is based solely on your entry point price excluding commissions and spreads. This is because the latter items can vary from BD to BD and stock to stock. CANSLIM is hardly a "pure science" but the more variables you introduce the harder it is to apply. Jeff posted one of his regular reminders today on how to access the archives for browsing (since we don't have a FAQ, which this question once again demonstrates how much we need someone with the time to assemble one!!). There has been lots of past discussion on setting stop limits, but the bottom line for me is you gotta study the chart. An 8% downside stop loss from your entry point only works and makes sense if your entry point is correct. And both the stop loss and the entry point must be gauged from the chart pattern. As a novice, you are probably better off staying with stocks that are more mainstream and have good liquidity, thus tight spreads, so that the amount of the spread won't be a meaningful factor. If you are using a full svc broker, but doing all your own picks and decision making, then frankly (despite being a former full svc broker) you don't need that level of svc. Try to find a brokerage house that will keep you informed (e.g. when price moving news on one of your holdings is released); provide you with quotes and limited research on request; and won't charge you an arm and a leg for execution. As a neophythe, you may also just want to paper trade for awhile until you are confident you understand the CANSLIM philosophy and rules. Good luck and feel free to jump in any time with ideas or questions. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Chuck > To: canslim@xmission.com > Subject: [CANSLIM] Intro: Chuck Hustmyre > Date: Wednesday, September 03, 1997 8:20 AM > > Greetings. I just signed onto the group. I am a stock market neophyte and > have recently completed Mr. O'neil's book. I also have another book put > out by IBD. CANSLIM seems a very sensible way to invest to me. > > I am particularly interested in the loss cutting policy. My first question > is a clarification of sorts. Is the strict 7-8% loss a 7-8% loss in the > stock price or in the total invested including commissions and spreads? If > you calculate commissions and spreads you are already down about 2-3% the > moment after you buy the stock, leaving only room for a 5-6% price decline > before you are stopped out of a stock. > > Thanks, Chuck > > BTW, I am only a subscriber to the digest version so if you respond to this > please include a copy directly to my email address so I will be sure to get > it. > > ------------------------------------------------------------------------------- From: Sam Funchess Subject: [CANSLIM] KEG Date: 03 Sep 1997 21:54:30 -0700 Tom, What do you think about Key Energy Group converting 45. Million of it 7% debentures to common stock. If I understand it correctly the transaction has already taken place; the reason why the stock traded over 2 million shares while average is about 400 - 500 thousands shares. The stock dropped $1 on that volume. Am I right in the thought process that the transaction has already taken place or was this just a reaction of a large holder getting nervous and selling (several large holders)? Do announcements of this nature keep the stock at a side ways price pattern until the company can show improved EPS on the new outstanding shares, does this usually affect the stock in a severe way, or does it usually have no affect at all? The news article: http://biz.yahoo.com/bw/97/09/03/keg_y0004_1.html Thanks Sam sam5@mindspring.com ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] High EPS versus RS Date: 03 Sep 1997 19:06:58 -0700 At 10:54 AM 9/3/97 -0400, you wrote: >An example of a high EPS stock, low RS stock that has rocketed out of the >gate the last few days is ZOLT (Zoltec). But it had a huge rise starting >about 2 years ago (from 8 to 40). It then took a well deserved long rest >(it has been basing since April of 1996 - about 16 months). The earnings >just kept coming through and it broke out 3 days ago. So, yes this one >looks great for a double, but so did DELL in May of 1997 (3 months ago). At >that time DELL's RS was 98 or 99 and it took of out of a base at 40. It is >now in the mid 80's. > Broke out because it was BOUGHT out. It's not going to budge off the 1.33:1 purchase stock swap... Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Implementation of new Order Display rules Date: 03 Sep 1997 21:55:37 -0400 Many NASDAQ stocks already are trading with tighter spreads as they were implemented under the new rules requiring all limit orders to be shown to the entire investment community (not just those able and willing to pay for access to Selectnet or Instinet). Here is the schedule for those now being implemented under the final phase (a total of 5,766 stocks). Aug 4 - another 250 stocks Aug 11 - another 250 Sep 8 - another 850 Sep 15 - another 850 Sep 22 - another 850 Sep 29 - another 850 Oct 6 - another 850 and, finally, Oct 13 - the remaining (approx 930) stocks Thus, in another six weeks, all NASDAQ stocks will be under the new rules, and if you want to trade a thin stock with a large spread, you will at least know you can enter a limit order and have it presented to the entire investment community. Doesn't guarantee execution, but will assure exposure of your order. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] High EPS versus RS Date: 03 Sep 1997 22:22:46 -0400 Tim, At 07:06 PM 9/3/97 -0700, you wrote: >Broke out because it was BOUGHT out. It's not going to budge off the 1.33:1 >purchase stock swap... I think you are referring to ZTEC (Zytec - they make power supplies) which is merging with Computer Products. My post was regarding ZOLT (Zoltek - they make carbon fibers). ZOLT is the one that broke out of the 16 month base with high EPS rank and an RS rank of about 80. The symbols and names are similar. Regards, Craig ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Economic Calendar (updated) Date: 03 Sep 1997 22:13:08 -0400 The latest forecast for the very important Employment Report due out on Friday is for an increase of 70,000 jobs (vs original est of 75K). However much commentary on the UPS strike, teachers returning to work, etc and seems that a feeling is that seasonal adjustments can't be trusted. Thus, so long as the nr is in this neighborhood, likely will be little reaction. But a report well outside the 75K figure and could swing the mkt sharply either way. New car sales report this afternoon much stronger than expected, again suggesting continued and increased consumer spending. The Leading Indicators this AM also came in slightly stronger than expected, suggesting Q3 may be shaping up to show renewed strong consumer spending, further pressuring the Feds to raise rates. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Stocks in trouble, Part II Date: 03 Sep 1997 22:07:40 -0400 The biggie in this category today is Advanced Micro Devices (AMD). They announced after the close that they expect to report a "small operating loss" for the current qtr (Q3) due to the costs of increasing production on the AMD-K6 microprocessor. Unfortunately, the street had been forecasting earnings of 31 cents for Q3. Stock was off nearly 3 pts in after mkt trading, and will likely gap down on the open. Also likely that class action grade lawsuits will quickly be filed since the co had announced at the start of the qtr that things looked good after a weak Q2 with increasing inventory. Of course, the co today also mentioned they expected to return to profitability in Q4. In Q2, they produced 350K AMD-K6 chips, currently they expect to produce a million for the qtr however original expectations were far higher since this level doesn't make it profitable enough to cover the costs of increasing production. Also in the news after the close was ASPT announcing a 10 cent charge to be incurred in Q3. Didn't seem to be having that much impact in late trading. As expected, Gateway sold off today on its news yesterday warning of a weak qtr. The "experts" are not sure if this is an industry wide problem, and are watching for further guidance from the Analyst's meeting with DELL today and tomorrow. Some other news you may be able to use: On Thursday, NSM is expected to report earnings, Bear expects 36 cents vs 5 cents a year ago. CS reports 9/23, Bear is looking for 39 cents vs 41; and on 9/24 MU reports with a Bear estimate of a 5 cent gain vs 7 cent loss. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Short Interest on Keg? Date: 03 Sep 1997 22:15:13 -0400 Sam, I apoligize, I really meant to look it up at work so at least I could give you the nr, but I forgot. I swear, I promise (if I don't forget again) I will look it up tomorrow. Actually, I wanna know as well since I like this one. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Sam Funchess > To: Can Slim > Subject: [CANSLIM] Short Interest on Keg? > Date: Wednesday, September 03, 1997 12:26 AM > > Once again short interest is not displayed on DG, can someone tell me a > free site I can find this? > > Thanks > sam > sam5@mindspring.com > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DailyGraphs Online Date: 03 Sep 1997 22:28:23 -0400 Confirmed something I had been suspecting for some time. Altho officially only the volume and price are updated daily on DG Online, it had seemed to me that the RS line (but not the RS nr) was also updated daily. If you look at the chart on JPMX, it's rather obvious that the RS line was updated today. Just one more item that makes DG Online slightly better than DG (the books). Now, if only we can get them to update all the other stuff that IS updated daily in IBD!!! Speaking of IBD, the New America section today gave a nice boost to ALNK, heavy vol and good breakout. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "S Menon" Subject: [CANSLIM] Stocks to Watch Date: 03 Sep 1997 19:32:19 PDT Could someone (Hi Craig!) give their opinion on the following stocks. AFCX (52 weeks high, good chart) ITIG (NOT near 52WH, but chart is great) GDI IBI PIXR Thanks SMenon ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] RS vs EPS Date: 03 Sep 1997 22:43:17 -0400 As just an opinion, it has been my impression that WON places more emphasis on RS (esp if it is declining) than on EPS (e.g. he will stay in a stock longer if the RS remains strong than if EPS remains strong). Some of this is likely due the time lag effect since EPS is only updated after a qtrly earnings report while RS is a "live" measure. But even when both these nrs remain "OK" (over 80 or better), a stock trending below its 50 dma is a candidate for a sell. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Stocks to Watch Date: 04 Sep 1997 02:52:33 GMT =46or what it's worth, I'll make my observations. On Wed, 03 Sep 1997 19:32:19 PDT, you wrote: :Could someone (Hi Craig!) give their opinion on the following stocks. : :AFCX (52 weeks high, good chart) I do like the chart, and today's movement was nice (~5%). However, it was on less than average volume, which is not what you want to see. :ITIG (NOT near 52WH, but chart is great) Great move today, but I gotta think that if you're not in now you better watch out. Maybe you should even if you are! :GDI=20 Not a bad pattern of consolidation. One to watch for possible breakout. =20 :IBI=20 Not the best pattern, but only time will tell. I wouldn't think of jumping in based on the chart and what I see in DG online. :PIXR=20 EPS 45 RS 73 =3D not CANSLIM numbers. But the chart looks alright. Who knows? Dan : :Thanks :SMenon : :______________________________________________________ :Get Your Private, Free Email at http://www.hotmail.com ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] CANSLIM style low priced stocks Date: 03 Sep 1997 23:13:32 -0400 Recognizing that "low priced stocks", no matter how good the CS nrs are, are by definition not "CANSLIM quality", nonetheless I gave in to my bent (and financial limitations) and looked at a few. Weren't many very attractive since most posters on the internest seem to think if they post one of their losers with a solid trend down and a RS of 1 that someone will buy it and drive it back up. But I did find a few! Scan Optics (SOCR) - trading around $9, RS 96, EPS 75, a/d A, timeliness B, u/d 1.8, GRS only 23 (computer - optical recognition), no info on float size or short position. Has already moved up from a base around 5 and consolidated around 8, 6.9 mil shares outstanding with 6% fund positioning. However PE (trailing) still only 13, earned .28 thru first six months (did .49 for all of prior year), and revenues up over 20% with earnings well over 100% year to year. Avg vol is 98K, did 457K today. Applied Cellular Tech (ACTC) - RS 92, EPS 75, PE 24, shares issued is only 2.3 mil, trading at 6.625 after moving up from 4.5 in past two weeks. A software dev co specializing in radio freq data networks. Earnings growth over 100%, revenue growth over 500%, est to earn 30 cents this year (up 58%), did 12 cents thru first six months. ADV is 178K, traded 457K today. Int'l Fibercom (IFCI) - RS 99, EPS 75, a/d A, issue of 4.2 mil, designs and installs fiber optic and other cable svc for the telecom cable TV industries in CA and AZ. New high today as it tries to break out, adv 317K, traded 610K. Lost 74 cents in last fiscal yr, earned 12 cents in first half of this yr. Remember my signature block, I've done no research on these other than looking at the DG Online chart. Do your own homework if you are interested. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Information Date: 04 Sep 1997 03:15:14 GMT On Tue, 2 Sep 1997 15:14:29 -0500 (CDT), you wrote: :Could someone plese let me know of a service that will allow me to=20 :download data on stocks that I can import into Access. The data doesn't=20 :have to be in any particular format, but I would like to be able to=20 :possible get data on all stocks on the NYSE, NASDAQ, AMEX in one file.=20 :I'm not sure if this information is available, and if it is, if it costs= =20 :anything. : :Thanks : :Jason Jason, There are other sources (I forget the one I used once), but you can create portfolios at www.quote.Yahoo.com and download fairly detailed information in a file that will save as quotes.csv This is a comma delimited file that you can probably import directly into Access, and if not, then you can surely import it into a spreadsheet, from which you can surely import into Access. Dan ------------------------------------------------------------------------------- From: bob gibson Subject: Re: [CANSLIM] KEG Date: 04 Sep 1997 00:41:23 My apologies for butting into your post to Tom, but this may have some bearing on todays drop in price. I got nervous after seeing the high vol. and got the intraday chart from Lombard. It shows KEG opening at about 28+ and trading at low vol. until about 2:00. Then there was a double vol. spike (two) joined together at the top. I'm not sure how to interpret this, but it looked like two trades of about 1.6M shares each at close to 27.625. After that vol. fell to almost nothing and the sh. price dropped sharply. Perhaps Tom can shed more light on this. Bob At 09:54 PM 9/3/97 -0700, you wrote: >Tom, >What do you think about Key Energy Group converting 45. Million of it 7% >debentures to common stock. If I understand it correctly the transaction >has already taken place; the reason why the stock traded over 2 million >shares while average is about 400 - 500 thousands shares. The stock >dropped $1 on that volume. Am I right in the thought process that the >transaction has already taken place or was this just a reaction of a >large holder getting nervous and selling (several large holders)? Do >announcements of this nature keep the stock at a side ways price pattern >until the company can show improved EPS on the new outstanding shares, >does this usually affect the stock in a severe way, or does it usually >have no affect at all? > >The news article: > http://biz.yahoo.com/bw/97/09/03/keg_y0004_1.html > >Thanks >Sam >sam5@mindspring.com > > > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] KEG Date: 04 Sep 1997 07:42:24 -0400 To answer this accurately, I went to the SEC website to look at how they have been reporting the total shares aspect. Interestingly, altho I found other filings there, such as 13D, there were no financials. Don't understand that. Obviously, this reduces the overall debt of KEG (which DG Online shows at 109%) thus saving an annual interest payment of 7% of 45 mil. It also reduces (or may eliminate, don't know since couldn't find financials) the amount of convertible bonds outstanding that could be used for arbitrage against a short position. Since I don't know what the conversion price was, can only guess that between 2 to 3 million shares have been added to the existing 10 mil share float. However, don't know if they have been reporting earnings per share on a fully diluted basis. If so, then these shares should have already been constructively counted on a diluted per share basis. I am assuming these bonds were not voluntarily converted, but rather were "callable" and were called by the corp. Holders of convertibles don't normally convert unless forced to, since they bot the bond to get income plus capital appreciation should the stock price move above the conversion price. Conversion means they lose the income portion. Upon being called, holders had to choose between converting into common stock or selling the bond on the mkt (probably at a small discount to the value of the shares represented, since any time value would have vanished upon being called). Logically no one would allow the bond to be called since that probably was at par or slightly higher, considerably less than represented by the underlying shares. Thus, if they decided to take their capital gain, then they sell to someone else at a small discount, who will convert. Some of the 2.6 mil shares traded could well have come from the existing or "new" owners of these bonds, immediately selling short the appropriate nr of shares they will eventually get from conversion, thus locking in their profit. This is speculation on my part since I don't know what the effective date for the conversion is. Is this good or bad? Well, the mkt did absorb the heavy volume, which appears to have been primarily selling. Price drop is minor, esp considering the overall chart. Recent correct entry on KEG should have you in around 23 or better, so you would still be up 15%. The next several days should show whether it will resume its upward march. If anyone wants to call the company in New Brunswick, NJ the phone nr is 908-247-4822. Questions to ask are: what was the conversion price? Were the bonds called? Did the corp buy back any bonds? What is the effective date of the conversion (e.g. deadline when the bonds will be bot back at the callable price)? AND, most importantly, how come their financials are not found in an EDGAR search at the SEC website? BTW, calling a convertible bond is much like doing a secondary, once the dirty deed is done a good performer can perform. One difference, however, is that if earnings were already being reported on a fully diluted basis, the "new" shares don't impact future EPS reports while the co saves on interest payments (in this case approx $800K each qtr). Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Sam Funchess > To: Can Slim > Subject: [CANSLIM] KEG > Date: Thursday, September 04, 1997 12:54 AM > > Tom, > What do you think about Key Energy Group converting 45. Million of it 7% > debentures to common stock. If I understand it correctly the transaction > has already taken place; the reason why the stock traded over 2 million > shares while average is about 400 - 500 thousands shares. The stock > dropped $1 on that volume. Am I right in the thought process that the > transaction has already taken place or was this just a reaction of a > large holder getting nervous and selling (several large holders)? Do > announcements of this nature keep the stock at a side ways price pattern > until the company can show improved EPS on the new outstanding shares, > does this usually affect the stock in a severe way, or does it usually > have no affect at all? > > The news article: > http://biz.yahoo.com/bw/97/09/03/keg_y0004_1.html > > Thanks > Sam > sam5@mindspring.com > ------------------------------------------------------------------------------- From: "Gess Shankar" Subject: Re: [CANSLIM] Economic Calendar (updated) Date: 04 Sep 1997 08:41:07 -0500 On 3 Sep 97 at 22:13, Tom Worley wrote: > The latest forecast for the very important Employment Report due out > on Friday is for an increase of 70,000 jobs (vs original est of > 75K). However much commentary on the UPS strike, teachers returning > to work, etc and seems that a feeling is that seasonal adjustments > can't be trusted. Thus, so long as the nr is in this neighborhood, > likely will be little reaction. But a report well outside the 75K > figure and could swing the mkt sharply either way. > The consensus estimate of Nonfarm payrolls of 65K/75K is expected be exceeded by some analysts. Briefing.com e.g. estimates the numbers to be in the region of 110K, which includes the UPS effect. (i.e. exclude 175K of strike workers returning). If this proves to be accurate, troubled day tomorrow for stocks... Unemployment rate (4.8%) and Hourly Earnings (0.4%) are expected to be close to the estimates. Gess ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] High EPS versus RS Date: 04 Sep 1997 08:45:48 -0700 (PDT) At 10:22 PM 9/3/97 -0400, you wrote: >Tim, > >At 07:06 PM 9/3/97 -0700, you wrote: >>Broke out because it was BOUGHT out. It's not going to budge off the 1.33:1 >>purchase stock swap... > >I think you are referring to ZTEC (Zytec - they make power supplies) which >is merging with Computer Products. My post was regarding ZOLT (Zoltek - >they make carbon fibers). ZOLT is the one that broke out of the 16 month >base with high EPS rank and an RS rank of about 80. The symbols and names >are similar. > Whoops! Both show on my CANSLIM scans, got confused! Tim Fisher tfish@spiritone.com 1995 President - Pacific Fishery Biologists Keeper of the ORE-ROCK-ON Rockhounding in Oregon Home Page http://www.spiritone.com/~tfish ------------------------------------------------------------------------------- From: JANSI1AUG1@aol.com Subject: [CANSLIM] Nasdaq Date: 04 Sep 1997 15:26:09 -0400 (EDT) Tom or anyone: I am interested in following the NASDAQ, but the way I analyze I need the NADAQ's Advances and Declines. Does ANYONE know of an address for HISTORICAL data on the NASDAQ? Jans ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: Re: [CANSLIM] Bid/Ask: Spreads Date: 04 Sep 1997 17:31:16 -0400 Tom: How does a firm makes a mkt? On my statements I read sometimes that this firm makes a market in XYZ stock. Would you please explain. Thanks. Surindra Tom Worley wrote: Regardless of the type of brokerage house you are using, one thing you can do on large spread stocks is talk to a live broker (even if you normally trade online) and ask if his firm makes a mkt in the stock you want. If the answer is yes, ask what price he can get the stock for you at, as his firm may possibly have stock in inventory. If his firm doesn't make a mkt, you can still ask his opinion on trying to get execution in the spread. Just take his opinion with a huge grain of salt unless he is regularly trading the stock. ------------------------------------------------------------------------------- From: Jeffry White Subject: [CANSLIM] Market direction Date: 04 Sep 1997 20:34:00 -0700 In the Nasdaq, an obvious (perhaps too obvious) "follow through day" on Tuesday within the 3-10 day window after August 18 reversal day (a day where the index stopped going down, closed higher on volume higher than the prior day). We have now seen consecutive days of increasing volume (higher than the previous day and higher than Tuesday), but insignificant price movement. Is there a failed rally in the offing? Jeffry White postwhit@sover.net ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Bid/Ask: Spreads Date: 04 Sep 1997 21:25:14 -0400 Simply means they may be one of the BDs representing a bid and ask, may or may not be long or short the stock (some mkt makers prefer to be flat at the end of the day), may enable you to buy or sell on a principal basis (where commission included in the execution price, sometimes permitting buying at the offer or better or selling at the bid or better including a concession in lieu of a commission) rather than on an "agency" basis where a commission is disclosed. A BD can become a MM on a NASDAQ stock on 24 hrs notice if I remember right, but if they drop it, they have to stay out of it for 30 days, I think. One advantage of trading thru a mkt maker is faster execution, and possibly better price, since they don't have to run the trade thru Instinet/Selectnet or give it to another BD who is a MM. And if there is a spread, and they have taken in stock at/near the bid, and you want to buy below the offer, they may give it to you at a small profit to them rather than hold it in inventory. Same story when you go to sell. There are a lot of rules that apply to market makers, including net capital requirements, size of their spread compared to all MMs, min size of their bid and ask, as well as penalties if they don't honor their bid or offer. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Surindra J. Singh > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Bid/Ask: Spreads > Date: Thursday, September 04, 1997 5:31 PM > > Tom: > > How does a firm makes a mkt? On my statements I read sometimes that this > firm makes a market in XYZ stock. Would you please explain. > > Thanks. > > Surindra > > > Tom Worley wrote: > > Regardless of the type of brokerage house you are using, one thing > you can do on large spread stocks is talk to a live broker (even if > you normally trade online) and ask if his firm makes a mkt in the > stock you want. If the answer is yes, ask what price he can get the > stock for you at, as his firm may possibly have stock in inventory. > If his firm doesn't make a mkt, you can still ask his opinion on > trying to get execution in the spread. Just take his opinion with a > huge grain of salt unless he is regularly trading the stock. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Fw: Fw: DailyGraphs Online Date: 04 Sep 1997 21:36:19 -0400 For the DG Online beta testers, thought would pass this on. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Techsupport > To: Tom Worley > Subject: Re: Fw: DailyGraphs Online > Date: Thursday, September 04, 1997 1:46 PM > > Yes, you are correct. The RS line does change daily. Thank you for your > comments. > > Daily Graphs Online > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Economic Calendar (updated) Date: 04 Sep 1997 21:33:56 -0400 The nrs I quoted are the concensus of 21 economists, and are usually a very good gauge to expectation. The range of estimates of these economists was from 135K (by ISI) to -5K (by Lehman). The range on the overall unemployment rate was 4.7% to 4.9%. However, the key for analysts is more likely going to be some of the components of the overall report, such as avg work week, overtime, and labor costs since the top line nrs are not given a lot of credence due to the necessary adjustments due seasonal, UPS strike, and teachers returning to work. BTW, the economists have been surprisingly on target all this week on all reports, been a while since I saw that. However, many of the prior reports I have seen adjusted have been in a stronger growth direction (e.g. inflationary). Will be watching this closely for the next several weeks. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Gess Shankar > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Economic Calendar (updated) > Date: Thursday, September 04, 1997 9:41 AM > > On 3 Sep 97 at 22:13, Tom Worley wrote: > > > The latest forecast for the very important Employment Report due out > > on Friday is for an increase of 70,000 jobs (vs original est of > > 75K). However much commentary on the UPS strike, teachers returning > > to work, etc and seems that a feeling is that seasonal adjustments > > can't be trusted. Thus, so long as the nr is in this neighborhood, > > likely will be little reaction. But a report well outside the 75K > > figure and could swing the mkt sharply either way. > > > > The consensus estimate of Nonfarm payrolls of 65K/75K is expected be > exceeded by some analysts. Briefing.com e.g. estimates the numbers > to be in the region of 110K, which includes the UPS effect. (i.e. > exclude 175K of strike workers returning). If this proves to be > accurate, troubled day tomorrow for stocks... Unemployment rate > (4.8%) and Hourly Earnings (0.4%) are expected to be close to the > estimates. > > Gess ------------------------------------------------------------------------------- From: Brad Miller Subject: Re: [CANSLIM] Economic Calendar (updated) Date: 04 Sep 1997 21:48:28 +0100 Tom, Is there a source on the web where one can view the economists' expected economic indicator numbers? Thanks much. Brad ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Economic Calendar (updated) Date: 04 Sep 1997 21:59:35 -0400 Probably, but haven't searched for one as I get most of my data at work from Dow News Svc and some snail mail type pubs from Bear Stearns and some other BDs that are faxed to us. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Brad Miller > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Economic Calendar (updated) > Date: Thursday, September 04, 1997 4:48 PM > > Tom, > > Is there a source on the web where one can view the economists' expected > economic indicator numbers? Thanks much. > > Brad > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] What?? No comments? Date: 04 Sep 1997 22:13:13 -0400 Posted on SOCR last night, among others, Opened flat this AM, gained over 17% for the day, and with a new trailing PE of about 16 probably STILL buyable. Oh well. Anyone following CHSE? A Miami based computer wholesale/retail co? Despite the problems of Gateway2000, it's looking interesting. Trying to decide if it formed a REAL flat c&h and thus the action today (down 1.68) may be either a failed bo or a new entry pt. Opinions welcome. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] What?? No comments? Date: 04 Sep 1997 22:35:42 -0400 > Posted on SOCR last night, among others, Opened flat this AM, > gained over 17% for the day, and with a new trailing PE of... no news or upgrade, just touted yesterday in a newsletter learned this only by accident -- it used to be fairly easy to network w/ subscribers to cabot, pristine, etc so as to figure out who's pumping up which stox, but there are so many newsletters out there now it's pretty tough > probably STILL buyable. Oh well. has doubled in last 6-7 weeks, may need either a rest or a lot more momentum players soon mike ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] What?? No comments? Date: 04 Sep 1997 22:51:34 -0400 Thanks Mike, was afraid for a moment there that I was moving mkts. Glad to know it was some newsletter! Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Michael A Langston > To: canslim@mail.xmission.com > Subject: re: [CANSLIM] What?? No comments? > Date: Thursday, September 04, 1997 10:35 PM > > > Posted on SOCR last night, among others, Opened flat this AM, > > gained over 17% for the day, and with a new trailing PE of... > > no news or upgrade, just touted yesterday in a newsletter > > learned this only by accident -- it used to be fairly easy > to network w/ subscribers to cabot, pristine, etc so as to > figure out who's pumping up which stox, but there are so > many newsletters out there now it's pretty tough > > > probably STILL buyable. Oh well. > > has doubled in last 6-7 weeks, may need either a rest or > a lot more momentum players soon > > mike ------------------------------------------------------------------------------- From: "Kirby Benson" Subject: [CANSLIM] Introduction: Kirby Benson Date: 04 Sep 1997 21:11:29 -0600 OK, OK, I'll fess up - I've been lurking for over a month now and haven't= said anything. My name is Kirby and up until about July 15th I thought= stock was something that ranchers raised here in New Mexico. A little= bio: I'm 59 yrs, male, married (no children - 2 cats, one dog) and live= in Las Cruces, NM. I have been an artist for most of my years (MFA - Wash= State U) and a Clinical Counselor (New Mexico State U). Definitely a= right brain person - though I did have some basic statistics in grad= school counseling prog - had a really hard time with it - figured "mean"= was my first sergeant in the Army. Now about all I do is build some= furniture, throw a few pots, see a very few patients, and mess around on= this stupid computer (which I actually love, or hate - depending on the= situation), and, of course, try to understand something about this thing= called the stock market. I started out with WON's book - just picked it off the shelf - lucky, I= guess, and liked what I saw - seemed to make sense and then found this= group through misc.invest.stocks (or something like that) about a month= ago when I started. I also have read "If You're Clueless About the Stock= Market", "The Motley Fool" thingy and am working on the IBD "Guide to the= Markets". Also started a subscription to IBD - I like the news articles= but still don't understand most of the little numbers stuff (but I'm= getting better) - plus the guy who called me on the phone after my 2 week= trail was up was really a good salesman. I am a pretty quick study so= don't despair if I ask strange questions - like, when do I sell this= thing? Not being a particularly sensible person and oft times not really too smart= I decided to buy some stock! A little bit of knowledge can be a very= dangerous thing and I remembered that WON said that you were supposed to= buy stock when it hit a new high - so guess what? Yep, I jumped out there= and bought 120 (odd number - just what the newbies do) shares of ERICY= when it hit it's new high at 46 3/8. Well, as you may or may not know it= has never been up there since. I did have the sense to look at the= company's fundamentals and they are pretty good - however, at that time= (July 25, my birthday) I didn't know about little stuff like, say, 900= million shares float and it only takes gad zillion people buying stock to= make it go up. Well, I'm hanging onto it - hoping, hoping it will somehow= get back to where it started! Oh yeah, I have also learned what "overhead= supply" is - the hard way. From what I have learned lurking around this group (listening to Tom (the= patriarch of CANSLIM), Connie and all the rest of you wonderful folks), I= did manage to figure out a few things since mid July and bought KEG at 22= 11/16 and just grabbed ALNK (which I have been following) at 23 7/8 when= it made it's new high (I'm not holding my breath, but I think it may make= it to 27). Well, that's about all - I really appreciate all of you CANSLIMers - In= fact, I don't how I'd make it without you! Kirby Benson Las Cruces, NM kbenson@zianet.com ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] Stocks to Watch Date: 04 Sep 1997 23:30:53 -0400 SMenon, Hello! Dan already gave you some good responses regarding the chart patterns. So here are some selected details from DG and my take on them. At 07:32 PM 9/3/97 PDT, you wrote: >Could someone (Hi Craig!) give their opinion on the following stocks. > >AFCX (52 weeks high, good chart) Good 5 yr eps growth. Qtr to Qtr growth ok with a slowdown in most recent qtr to 28%. ERG = 95/80/87. Trying to breakout maybe. Low volume move today to new high. Worth watching. Accum/Dist only D however. >ITIG (NOT near 52WH, but chart is great) Has good promise. Great recent quarters. Big revenue and earnings gains. Poor 3 year earnings history, but maybe on the cusp of getting its act together ... higher risk. Very nice chart as you pointed out. Triple volume yesterday with "low level breakout". Moved on up today. DG says funds own 48%(?) - a bit high, prefer 5-25%. >GDI Looks maybe ok. However, group strength only 65. No other real leaders in group so it stands alone. >IBI Looks pretty good. EPS growth only in mid 20% range. It does look like it is "climbing the handle" on a 14 month cup with handle. Rel. Strength only 54, however. Might breakout tomorrow. Volume up. >PIXR As Dan said, not CANSLIM numbers. Negative estimates for next year. Poor quarterly earnings. Chart looks promising, however. Very high risk. Regards, Craig ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Introduction: Kirby Benson Date: 04 Sep 1997 23:26:56 -0400 Hi Kirby, and welcome to the group. And hey, watch that patriarch stuff, I'm just another member here, don't think I am even a plankholder, just more obsessive about posting and unfortunate enough to have a "well rounded" background in this industry. I already feel old enough (and have the gray hairs to prove it) without being a patriarch!! (I really do need to get a life!) Glad you stumbled across WON's book so early on. For many of us, we had to make a lot of mistakes (and lose a lot of money) before we were so fortunate. It does make sense, even written for a mkt some years ago which was different in many ways than today. I wouldn't be too worried about ERICY, altho you may have some dead money for awhile. Saw some news on it today, more contracts I think and at least one upgrade. Hope you don't have to "throw" those pots too far in that hot, dry atmosphere of NM (or at least have someone there to catch them). Not like this soft moist air here in Miami. Glad you caught KEG and ALNK, remember WON's most basic rule, hold your winners and dump the dogs. Any statements or opinions are strictly my own and not that of my employer. My comments should not be intrepreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- OK, OK, I'll fess up - I've been lurking for over a month now and haven't said anything. My name is Kirby and up until about July 15th I thought stock was something that ranchers raised here in New Mexico. A little bio: I'm 59 yrs, male, married (no children - 2 cats, one dog) and live in Las Cruces, NM. I have been an artist for most of my years (MFA - Wash State U) and a Clinical Counselor (New Mexico State U). Definitely a right brain person - though I did have some basic statistics in grad school counseling prog - had a really hard time with it - figured "mean" was my first sergeant in the Army. Now about all I do is build some furniture, throw a few pots, see a very few patients, and mess around on this stupid computer (which I actually love, or hate - depending on the situation), and, of course, try to understand something about this thing called the stock market. I started out with WON's book - just picked it off the shelf - lucky, I guess, and liked what I saw - seemed to make sense and then found this group through misc.invest.stocks (or something like that) about a month ago when I started. I also have read "If You're Clueless About the Stock Market", "The Motley Fool" thingy and am working on the IBD "Guide to the Markets". Also started a subscription to IBD - I like the news articles but still don't understand most of the little numbers stuff (but I'm getting better) - plus the guy who called me on the phone after my 2 week trail was up was really a good salesman. I am a pretty quick study so don't despair if I ask strange questions - like, when do I sell this thing? Not being a particularly sensible person and oft times not really too smart I decided to buy some stock! A little bit of knowledge can be a very dangerous thing and I remembered that WON said that you were supposed to buy stock when it hit a new high - so guess what? Yep, I jumped out there and bought 120 (odd number - just what the newbies do) shares of ERICY when it hit it's new high at 46 3/8. Well, as you may or may not know it has never been up there since. I did have the sense to look at the company's fundamentals and they are pretty good - however, at that time (July 25, my birthday) I didn't know about little stuff like, say, 900 million shares float and it only takes gad zillion people buying stock to make it go up. Well, I'm hanging onto it - hoping, hoping it will somehow get back to where it started! Oh yeah, I have also learned what "overhead supply" is - the hard way. >From what I have learned lurking around this group (listening to Tom (the patriarch of CANSLIM), Connie and all the rest of you wonderful folks), I did manage to figure out a few things since mid July and bought KEG at 22 11/16 and just grabbed ALNK (which I have been following) at 23 7/8 when it made it's new high (I'm not holding my breath, but I think it may make it to 27). Well, that's about all - I really appreciate all of you CANSLIMers - In fact, I don't how I'd make it without you! Kirby Benson Las Cruces, NM kbenson@zianet.com ---------- ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: [CANSLIM] Stocks of interest NSS, UTI, MFAC Date: 05 Sep 1997 03:41:47 GMT NSS. This stock has been climbing steadily lately. Long steady at around 5 last April, it has climbed to 29 today, a 99 RS performer on EPS of 75. A small float of 4.6 million with total shares outstanding of 14.5 million. Funds 7%, very little in the way of volatility in it's dizzying climb. I've been watching it in amazement lately. UTI up 6.6% today on average volume. What happens when people get excited? 3.8 million shares. MFAC broke out again today, after a short rest from their spectacular runup of a couple of weeks ago (it doubled). Up 9.34% today on double average volume. Dan ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Stocks of interest NSS, UTI, MFAC Date: 04 Sep 1997 20:54:27 -0700 At 03:41 AM 9/5/97 GMT, you wrote: >NSS. This stock has been climbing steadily lately. Long steady at >around 5 last April, it has climbed to 29 today, a 99 RS performer on >EPS of 75. A small float of 4.6 million with total shares outstanding >of 14.5 million. Funds 7%, very little in the way of volatility in >it's dizzying climb. I've been watching it in amazement lately. > LLUR to boot. >UTI up 6.6% today on average volume. What happens when people get >excited? 3.8 million shares. > It will split 3:1 tomorrow and I think they are grabbing it up in anticipation of a continuing run-up after it gets "cheap". >MFAC broke out again today, after a short rest from their spectacular >runup of a couple of weeks ago (it doubled). Up 9.34% today on double >average volume. > Who woulda thought? Scary. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] KEG, SOCR (float, short position) Date: 05 Sep 1997 00:27:35 -0400 For Sam: Finally got some short interest figures on KEG (couldn't find it in my usual source on Dow News Svc because it is AMEX (another reason I hate AMEX stocks normally), and didn't have the necessary copy of IBD, so settled for "Market Guide", a svc available at work). Indication is that current month short position is 2.063 mil shares, and prior month was 2.294 mil shares. The float is reported at 215.1 mil shares of the total issue of 217.22 mil shares. On SOCR: short reported at 4000 shares for latest month and 6000 shares prior month. Float reported at 4.3 mil shares. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: cando@highfiber.com Subject: Re: [CANSLIM] Bid/Ask: Spreads Date: 04 Sep 1997 22:58:11 -0600 (MDT) Tom: you wrote snip . . . > >Another comment: be very careful and conservative in using an AON >(all or none) qualifer on your order. This complicates execution >more than any other qualifer I know of, and frequently will >quarantee not being executed even when the mkt is at your limit >(you're selling and the bid is at your limit or you're buying and >the offer is at your limit). > snip . . . Thanks for the information re bids/asks. An additional questions for clarity: Your statement above refers to AON qualifiers on limit orders, is this correct? Does it also complicate sell or buy STOP orders? When I place mine, I usually say AON. Thanks. James Coburn Albuquerque, NM ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] AON (all or none) (was Bid/Ask: Spreads) Date: 05 Sep 1997 07:53:48 -0400 An AON qualifer complicates all orders, even a "market" order, altho that still should be executed even on a thinly traded stock by just taking out the offers or the bids. The most common reason for using AON is to save on commission and ensure getting the entire order filled. But the little you save on having one commission for the entire order or doing the order over several days while using a limit is negligible compared to missing a trade you wanted done. It will also delay execution, thereby possibly costing you an opportunity (and the price you wanted). Additionally, the rules that have been implemented requiring all bids and offers to be represented on an ever growing nr of stocks don't apply on AON orders, thus costing you visibility of your order. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: cando@highfiber.com > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Bid/Ask: Spreads > Date: Friday, September 05, 1997 12:58 AM > > Tom: > > you wrote > > snip . . . > > > >Another comment: be very careful and conservative in using an AON > >(all or none) qualifer on your order. This complicates execution > >more than any other qualifer I know of, and frequently will > >quarantee not being executed even when the mkt is at your limit > >(you're selling and the bid is at your limit or you're buying and > >the offer is at your limit). > > > snip . . . > > Thanks for the information re bids/asks. An additional questions for > clarity: Your statement above refers to AON qualifiers on limit orders, is > this correct? Does it also complicate sell or buy STOP orders? When I > place mine, I usually say AON. Thanks. > > James Coburn > Albuquerque, NM > > > ------------------------------------------------------------------------------- From: Ppn3725@aol.com Subject: Re: [CANSLIM] Gateway Date: 05 Sep 1997 09:08:07 -0400 (EDT) IMOH, Gateway is having trouble because of volatile computer prices, ie it doesn't have the direct model like Dell does. Dell only holds parts for 14 days according to its annual report. Gateway builds in advance. So when prices drops Dell benefits enormously as you can see in the stock price. I would wait for good news before buying the stock and stay with the leaders, Dell and Compaq. Peter Newell ------------------------------------------------------------------------------- From: "Chuck" Subject: [CANSLIM] Move loss cut to about 15%? Date: 05 Sep 1997 08:23:17 -0500 I have been stopped out of 4 positions recently (DELL OXHP CXC QNTM) due to my 8% loss cut policy. These were all purchased within about 2 weeks of the drop. All four moved back up from that -8% and DELL is now above where I bought it, the other three are all up from the -8 but still under where I bought. I read an article by a guy named Marshal Loeb (evidently a well known Wall Street type) who recommends a loss cut policy but also giving stocks a little room to move. He suggests 15%. Using that number as my loss cutting sale I would not have been stopped out for a loss. I really like the safety of loss cutting, I can't stand the thought of say a 25% loss that may never come back, but is 8% too tight? Email if you can. Chuck ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: Re: [CANSLIM] What?? No comments? Date: 05 Sep 1997 11:32:18 +0200 Tom wrote: >Posted on SOCR last night, among others, Opened flat this AM, >gained over 17% for the day, and with a new trailing PE of about 16 >probably STILL buyable. Oh well. Nice pick. Also a Brookins Buys pics, BTW. I bought and sold same day. Could not hold myself from cashing in that % gain. Will rebuy if it backs down agian. >Anyone following CHSE? A Miami based computer wholesale/retail co? >Despite the problems of Gateway2000, it's looking interesting. >Trying to decide if it formed a REAL flat c&h and thus the action >today (down 1.68) may be either a failed bo or a new entry pt. >Opinions welcome. I follow them and I own shares. They are taking over a lot of good, growing computer equip distributors here in Europe. Good growth, good management. When it backed down the last few hours yesterday I doubled up. I hope it is just testing the breakpoint. Seemed to go down fast on relatively little volume, that's why I took the risk of buying more. I think they toke out quite a number of stop losses today and/or shaked out the weaker holders. Another possibility is that someone is selling of CHSE because of carry-over weakness in GTW / SEG. CHSE here in Belgium sells mainly SEG. Although with the acquisition of Karma, they now also have QNTM, WDC etc, etc. They also sell CPQ. We'll see. BTW: Fun to see those MMs chance the bid several times in a few seconds, with no shares being traded. Happens quite a lot with CHSE I've noticed. --- Johan Van Houtven ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Move loss cut to about 15%? Date: 05 Sep 1997 13:59:09 GMT On Fri, 5 Sep 1997 08:23:17 -0500, you wrote: :I have been stopped out of 4 positions recently (DELL OXHP CXC QNTM) due= to :my 8% loss cut policy. These were all purchased within about 2 weeks of :the drop. All four moved back up from that -8% and DELL is now above = where :I bought it, the other three are all up from the -8 but still under = where I :bought. : :I read an article by a guy named Marshal Loeb (evidently a well known = Wall :Street type) who recommends a loss cut policy but also giving stocks a :little room to move. He suggests 15%. Using that number as my loss :cutting sale I would not have been stopped out for a loss. : :I really like the safety of loss cutting, I can't stand the thought of = say :a 25% loss that may never come back, but is 8% too tight? : :Email if you can. : :Chuck 8% is OK if you pick a good CANSLIM stock that is coming off a *proper base* and is breaking out and you catch it before it moves substantially off the pivot point. In this scenario you will only uncommonly get stopped out. So goes the sage advice. I too have not been so fortunate or sagacious. Hindsight is 20-20, and I see that if I had not chickened out on my picks I'd be doing a whole lot better. But then, I didn't know what I was doing (obviously). Well I'm doing better now. Good luck. Dan ------------------------------------------------------------------------------- From: "Jay Cliburn" Subject: Re: [CANSLIM] Move loss cut to about 15%? Date: 05 Sep 1997 09:34:42 -0600 > I have been stopped out of 4 positions recently (DELL OXHP CXC QNTM) due to > my 8% loss cut policy. I had a similar experience earlier in the year. I picked up MLHR in April and got stopped out at a 10% loss within a week. By two weeks thence, it had run up past my buy point. Crap. I bought again in June and resolved not to be shaken out. It took another dip, but I held fast. It's now up 30% from my buy point. In the current market, I think 8% is too tight. But as O'Neil says, the stop provides insurance -- nothing more. It can save your butt if the stock is headed south to stay for awhile. Your mileage may vary. -- Jay Cliburn | Space Dynamics Laboratory Computational Sciences Division | 1747 North Research Park Way Jay.Cliburn@sdl.usu.edu | Logan, Utah, USA 84341 (801) 755-4317 (voice) | (801) 755-4366 (fax) ------------------------------------------------------------------------------- From: bannis@kraken.mvnet.wnec.edu (Brian Annis) Subject: Re: [CANSLIM] Move loss cut to about 15%? Date: 05 Sep 1997 12:38:38 -0400 (EDT) Chuck wrote: > I have been stopped out of 4 positions recently (DELL OXHP CXC QNTM) due to > my 8% loss cut policy. These were all purchased within about 2 weeks of > the drop. All four moved back up from that -8% and DELL is now above where > I bought it, the other three are all up from the -8 but still under where I > bought. > > I read an article by a guy named Marshal Loeb (evidently a well known Wall > Street type) who recommends a loss cut policy but also giving stocks a > little room to move. He suggests 15%. Using that number as my loss > cutting sale I would not have been stopped out for a loss. > > I really like the safety of loss cutting, I can't stand the thought of say > a 25% loss that may never come back, but is 8% too tight? This is a common problem during corrections. You might want to give your stocks a little extra time before pulling the trigger (assuming a news story or previous chart action, like a big downgap, doesn't make things perfectly clear). If the stock shows real signs of recovering (no wishful thinking here!) then give it a little more, keeping watch until the stock is solid again (not just back above its stop). My experience has been that most of my stocks will be doing fine again within a week or so, a few will get sold above their stops when their rally fails, and once in a while the fall continues and I take a worse loss. ------------------------------------------------------------------------------- From: JANSI1AUG1@aol.com Subject: [CANSLIM] Re. Short Interest Date: 05 Sep 1997 13:18:31 -0400 (EDT) Tom & Sam: Sam: I'm not sure what you are looking for, but I use DG (the beta version of Daily Graphs) and short interest for each stock is in the Datablock of each stock which carries Datablock information. Also, in Reports (F5) DG gives top short interest in NYSE, Amex, and NASDASQ. Once again, is there any Web site or AOL site which gives historical NASDAQ Advances and Declines? Tom: thanks for your answer concerning Bid/Ask prices. I am fairly sophisticated in the stock market;however, I've never fully understood the distinctions. Jans ------------------------------------------------------------------------------- From: JANSI1AUG1@aol.com Subject: [CANSLIM] Re. ROE Date: 05 Sep 1997 13:43:05 -0400 (EDT) Tom, Have you noticed that DG's ROE is nearly alway off (at least on the stocks I've analyzed). I use Annual EPS (as a proxy for net profit)/Stock Price (as a proxy for total equity). I wonder why DG does this incorrectly? WON, in IBD's recent video, says, I believe, that a minimum ROE is 15%. (Is this right for what WON believes the minimum should be?) However, if he determines ROE idiosyncratically, is he implying that you have to subscribe to DG to get the proper ROE's? According to what I've learned, ROE is net profits/total equity. The only thing I can think of is that "total equity" includes convertible shares (and perhaps "stock options). But this doesn't make too much sense either, since if those were included, ROE would be less than DG has-not as high as it has. ------------------------------------------------------------------------------- From: Sam Funchess Subject: Re: [CANSLIM] Re. Short Interest Date: 05 Sep 1997 15:01:20 -0700 JANSI1AUG1@aol.com wrote: > Tom & Sam: > > Sam: I'm not sure what you are looking for, but I use DG (the > beta > version of Daily Graphs) and short interest for each stock is in the > Datablock of each stock which carries Datablock information. Also, in > > Reports (F5) DG gives top short interest in NYSE, Amex, and NASDASQ. We are aware of daily graphs... but they removed the short position for KEG. Probably because it was very active (short positions). I am not sure why they removed it but it is not in the data block for KEG. > > ------------------------------------------------------------------------------- From: Tim Syfert Subject: [CANSLIM] Re: canslim Digest V1 #283 Date: 05 Sep 1997 13:51:36 -0700 Is there a website that lists the strongest sectors or industry groups like that found in IBD? Thanks, Tim ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Move loss cut to about 15%? Date: 05 Sep 1997 21:00:11 -0400 The basic stop loss rule espoused by WON is an 8% point down from your initial entry point. He has repeated this in recent seminars. HOWEVER, there is one qualifer: your entry point must be correct. Thus, if you missed the ideal entry point and bot a little higher, but still within 10% of that "correct" entry point, then I think you have to try and use good judgement and may consider a looser stop loss while recognizing this means taking greater risk (which you are already doing by entering above this "perfect" entry point). Once the stock has moved higher than your entry point (and WON's ancient rule was up 15% but don't know what he suggests today), then and only then are you to begin adjusting your stop loss higher to begin protecting profits. In recent seminars he seems to have suggested giving a looser stop loss once you have profits. My interpretation suggests that once you are up 15% you could wisely change your stop loss to your entry point, thus giving the stock room to fall 15% and break even (minus commissions of course). If the stock continues to perform, you can continue to move your stop loss up now covering commissions and beginning to protect real net profits. I have always set my initial stop loss only after a careful study of the Daily Graph, using 8% simply as a guide, not an absolute rule (I have previously confessed to not being a pure CANSLIMer, so don't gasp! I even like penny stocks!). I prefer to set my stop loss close to or slightly below the bottom of logical support, since if it breaks that level it is far more likely to go considerably further. I have never used a hard stop, relying instead on mental stops and my judgement. This is partially because I want to be in control, and partially because I want to be able to judge each situation on its own merits and considering what is going on in the mkt. That said, next week I may enter my first hard stop on CU as I recognize I have an emotional entanglement with this stock and have failed to exit several times past when I should have. I considered just straight selling it today for a small profit, or writing covered calls on it, but it looks to be finally doing a breakout that could make me money, so ended up doing nothing instead. However, Monday is likely to force me to make a decision either by entering a hard stop if it continues to rally for a fifth day or to sell if it doesn't. That's one benefit of a hard stop, once you make a decision, you can step back and let the mkt decide for you. BTW, WON has emphasized never lowering your entry point stop loss. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Chuck > To: Canslim Digest > Subject: [CANSLIM] Move loss cut to about 15%? > Date: Friday, September 05, 1997 9:23 AM > > I have been stopped out of 4 positions recently (DELL OXHP CXC QNTM) due to > my 8% loss cut policy. These were all purchased within about 2 weeks of > the drop. All four moved back up from that -8% and DELL is now above where > I bought it, the other three are all up from the -8 but still under where I > bought. > > I read an article by a guy named Marshal Loeb (evidently a well known Wall > Street type) who recommends a loss cut policy but also giving stocks a > little room to move. He suggests 15%. Using that number as my loss > cutting sale I would not have been stopped out for a loss. > > I really like the safety of loss cutting, I can't stand the thought of say > a 25% loss that may never come back, but is 8% too tight? > > Email if you can. > > Chuck ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re. Short Interest Date: 05 Sep 1997 21:06:00 -0400 Sam, they wouldn't remove it because the stock is active, since short interest is only counted once a month, so the results don't change frequently. What does change is the nr of days to cover that short interest depending on the daily average vol. And that's a simple calculation for the computer to make and insert. I am writing TechSupport for an answer. Will let you know. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Sam Funchess > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Re. Short Interest > Date: Friday, September 05, 1997 6:01 PM > > JANSI1AUG1@aol.com wrote: > > > Tom & Sam: > > > > Sam: I'm not sure what you are looking for, but I use DG (the > > beta > > version of Daily Graphs) and short interest for each stock is in the > > Datablock of each stock which carries Datablock information. Also, in > > > > Reports (F5) DG gives top short interest in NYSE, Amex, and NASDASQ. > > We are aware of daily graphs... but they removed the short position for > KEG. Probably because it was very active (short positions). I am not > sure why they removed it but it is not in the data block for KEG. > > > > > > > > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re. Short Interest Date: 05 Sep 1997 21:03:54 -0400 Jans, I too am a DG Online beta tester, and the charts for KEG and SOCR do not show the short position, which is why I had to go elsewhere for the info. Haven't downloaded the software for several weeks, so possible I am using an outdated version. Do your charts for these two show this info? Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: JANSI1AUG1@aol.com > To: CANSLIM@xmission.com > Subject: [CANSLIM] Re. Short Interest > Date: Friday, September 05, 1997 1:18 PM > > Tom & Sam: > > Sam: I'm not sure what you are looking for, but I use DG (the beta > version of Daily Graphs) and short interest for each stock is in the > Datablock of each stock which carries Datablock information. Also, in > Reports (F5) DG gives top short interest in NYSE, Amex, and NASDASQ. > > Once again, is there any Web site or AOL site which gives historical > NASDAQ Advances and Declines? > > Tom: thanks for your answer concerning Bid/Ask prices. I am fairly > sophisticated in the stock market;however, I've never fully understood the > distinctions. > > Jans ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] What?? No comments? Date: 05 Sep 1997 21:13:04 -0400 Well, today's action on CHSE does suggest it was a reentry point (UP 1.68). As to the rapid change of bids/offers without any shares trading, it's mostly an optical illusion. They can adjust their quotes faster than executed trades are entered and displayed on the system (I think they have 15 seconds to report a trade, and if they just got hit with more stock than they wanted, or lost more than they are comfortable being short, then I bet they give priority to changing their quote and ues everyone of those 15 seconds). This happens on NYSE as well, I have often seen an offer disappear (it was happening a lot on CU today), then see nothing but large trades on the (now) old offer for the next minute or so, thus explaining how a 60,000 share offer could just "disappear". Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Johan Van Houtven > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] What?? No comments? > Date: Friday, September 05, 1997 5:32 AM > > Tom wrote: > >Anyone following CHSE? A Miami based computer wholesale/retail co? > >Despite the problems of Gateway2000, it's looking interesting. > >Trying to decide if it formed a REAL flat c&h and thus the action > >today (down 1.68) may be either a failed bo or a new entry pt. > >Opinions welcome. > > I follow them and I own shares. They are taking over a lot of good, growing > computer equip distributors here in Europe. Good growth, good management. > > When it backed down the last few hours yesterday I doubled up. I hope it is > just testing the breakpoint. Seemed to go down fast on relatively little > volume, that's why I took the risk of buying more. I think they toke out > quite a number of stop losses today and/or shaked out the weaker holders. > > Another possibility is that someone is selling of CHSE because of > carry-over weakness in GTW / SEG. CHSE here in Belgium sells mainly SEG. > Although with the acquisition of Karma, they now also have QNTM, WDC etc, > etc. They also sell CPQ. > > We'll see. > > BTW: Fun to see those MMs chance the bid several times in a few seconds, > with no shares being traded. Happens quite a lot with CHSE I've noticed. > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re. ROE Date: 05 Sep 1997 22:01:02 -0400 First, you have to use the correct formula for Return on Equity. What WON uses in DG (and altho not an accountant I think it is in line with GAAP - Generally Accepted Accounting Principles) is as follows (quoted from DG): "return on equity percentage is computed by dividing annual income (before extraordinary items, discontinued operations, cumulative accounting adjustments and non-recurring items) by an average of the latest fiscal year and prior year's stockholder's equity". It is my understanding that "annual income" is defined for this purpose as the past four quarters regardless of when the year ends while "latest fiscal year" and "prior year's" are defined as the intact fiscal years respectively. If you read the definition for EPS, you will note that it is based on continued operations, however some of the data may include certain "non recurring pretax" charges/credits (denoted by a small triangle). You're using "annual EPS" for the numerator in your equation, which may or may not include some non-recurring items not intended to be used in calculating ROE. And further throwing off your calculations is using the stock price for the denominator, since stock price has absolutely no linkage or relationship to shareholder equity. If you want to test DG's calculations and results, I would suggest going into the SEC website and downloading the past two 10K reports, plus the 10Q reports covering the past 12 months. You should be able to dig out of those reports sufficient data to calculate the ROE along parallel lines to DG and can then more accurately compare the results. A lot of work, but may give you more confidence in their results being published. However, I suspect you will find their nrs are pretty accurate, varying only according to whether they did or did not include some apparently "non recurring" item. If you do go thru this exercise, please let us hear how the nrs compared. Keep in mind that stockholder equity (per share) will almost always be way less than the current price of the stock since stockholder equity (sometimes referred to as book value altho not necessarily the same) represents the cash value of the company if it were to be liquidated, while current share price represents future earnings potential and expectation, cash flow, net asset value, growth potential and expectations, etc. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: JANSI1AUG1@aol.com > To: CANSLIM@xmission.com > Subject: [CANSLIM] Re. ROE > Date: Friday, September 05, 1997 1:43 PM > > Tom, > > Have you noticed that DG's ROE is nearly alway off (at least on the > stocks I've analyzed). I use Annual EPS (as a proxy for net profit)/Stock > Price (as a proxy for total equity). I wonder why DG does this incorrectly? > WON, in IBD's recent video, says, I believe, that a minimum ROE is 15%. (Is > this right for what WON believes the minimum should be?) However, if he > determines ROE idiosyncratically, is he implying that you have to subscribe > to DG to get the proper ROE's? > > According to what I've learned, ROE is net profits/total equity. The > only thing I can think of is that "total equity" includes convertible shares > (and perhaps "stock options). But this doesn't make too much sense either, > since if those were included, ROE would be less than DG has-not as high as it > has. > ------------------------------------------------------------------------------- From: CA011667@aol.com Subject: Re: [CANSLIM] Implementation of new Order Display rules Date: 05 Sep 1997 23:39:48 -0400 (EDT) Dear Tom, While we are on the subject of the NASDAQ maybe you could clarify something for me. I have been told that you can set stop orders (below market to protect profits) on stocks that trade on NASDAQ exchange, however , I have been told by three brokerage houses(I am currently using PCFN) that this can not be done. This inibility just cost me dearly on MIND, I bought at 10 3/4 had a nice profit and wanted to set stop loss at 15. I instead was forced to sell at the market at a price of 15.50, the price touched 15 1/4 and promptly advanced to 20 after posting earnings(which I pretty much was expecting to be excellent).I hope you can clarify this conflict for me.Thank you for your time and consideration and God bless. Chris. ------------------------------------------------------------------------------- From: Ppn3725@aol.com Subject: Re: [CANSLIM] Information - Stock Data sources QuotesPlus/VectorVest Date: 06 Sep 1997 10:00:45 -0400 (EDT) I use quotesplus for $15/mo its real good covers all stocks. I would also suggest trying Vectorvest, this is an access db and you could easily copy the data its $50/mo and has more info. Peter Newell ------------------------------------------------------------------------------- From: Ppn3725@aol.com Subject: Re: Fw: [CANSLIM] Market direction Date: 06 Sep 1997 10:04:33 -0400 (EDT) In a message dated 97-09-06 08:56:05 EDT, you write: << Can't remember this one showing on, so am reposting it in its entirety along with some comments from today's trading. First, some indexes: DOW 30 - 5.3% below its all time high NYSE Composite - 2.5% below its all time high S&P500 - 3.3% below its all time high NASDAQ - hit a new high today for the first time in a month Russell 2000 - hit its SEVENTH straight consecutive high Dow 30 lost 44 points today, Proctor and Gamble (PG) contributed over 12 of those negative points and has been extremely volatile lately. Volume has been strong and probably near average or better all week The "market" (Dow 30) gained 257 points on Tuesday, and finished the week up almost exactly 200 pts. Wednesday, Thursday and Friday and each day did over 536 mil shares on NYSE, with an average of 550 mil for those three days. The 257 pt move on Tuesday was done on 497 mil shares. WON looks for a 1% follow thru 3-8 days out as confirmation of a sig mkt move, that means the five trading days of next week. Because of this, it's too early to say conclusively, but I believe the rotation of money from big caps to secondary and small caps is continuing, and Wed thru Friday served as healthy consolidation days for the record setting gains of Tuesday. >> Also, number of new highs if back. And the Dow RS to S&P is dropping according to DG Online. The number of stocks going up on increasing vol is high and the chg in volume is also high. Peter Newell ------------------------------------------------------------------------------- From: pwahl@postoffice.worldnet.att.net Subject: [CANSLIM] Some stocks to look at. Date: 06 Sep 1997 14:52:59 -0800 Here are a couple of stocks I fished up this week. They probably all have some sort of problem, low RS or low EPS or low GRS or too much debt, but they all seem to have good prospects. Microchip Technology (MCHP) EPS 95, RS 72, GRS 70, PE 36, 53 mil shares. Last 4 quarters sales = up +12%, +12%, 30%, +31%. Last 4 quarter income = +4%, + 8%, +20%, +45%. Year ends in March, estimates for 1998 are $1.45, a 39% increase over 1997 earnings of $1.04. Chart looks fairly good, has sort of a hole in it in March, but I think it made a new high on Friday. Bio Tech Gen Corp (BTGC) EPS 62 (oops), RS 44 (ouch), GRS 16. Ugh, doesn't sound good, but looks better looking forward. 46 mil shares, pe is 43, estimates for next 2 years are for $0.44 (+69%) and $0.76 (+73%). It looks a little like Hutchinson, that is, maybe half way through a big cup and handle. Old high was around 18, currently around 13. The DG says they received ok to market a hepatitis vacine in Tel Aviv. Logans Roadhouse (RDHS) EPS 98, RS 51, GRS 67. 6 Million shares, PE is 28. They operate 19 restaurants, will open another 8-15 in the south in the next few years. Estimates are for $1.00 in 1997 (+41%) and $1.30 in 1998 (+30%). last 4 quarters earnings have all been increases in the +50% range. Looks like it is doing some sort of basing thing. Has a pretty tight looking chart, similar to HELE. Hvide Marine (HMAR) This one broke out a couple days ago. EPS 75, RS 91, GRS 98. 11.7 million shares, PE is 23. Last years earnings were $1.00, for 1997 earnings estimate is $1.70 (+72%), for 1998 $2.55 (+50%). They received a patent for a 4000 HP tug boat of some sort. Debt is 114%. Last 4 quarter sales gains are +63%, +92%, +95%, 115%. Patrick Wahl ------------------------------------------------------------------------------- From: Jon Willers Subject: [CANSLIM] Introduction: Jon Willers Date: 06 Sep 1997 14:29:06 -0700 Hi to the group I've been lurking for several months and it's gotten to the point where I just can't wait for the e-mail ( I get the digest). This group has become a wonderful, informative, and positive source for me as I seek to learn about the stock market and trading. I am into my second reading of O'Neils book and the investing principals strongly appeal to me. My background is banking, real estate, Mom & Pop size wholesale/retail businesses, and aquaculture (oysters, clams, mussels, shrimp & marine tropical fish). A bit varied :) but it is amazing how much these ventures have in common. I own a few stocks (NYSE blue chips) with which, in the past, I have done nothing (except check the value occassionally). I am paper trading using canslim principals until I develop a set of trading goals and rules that fit me. In anticipation of making "real" trades I plan to transfer my account from ML to an on-line brokerage and appreciate recent chat on this subject. Have several apps but haven't decided. Am leaning toward Waterhouse because, among other things, they have a local office and I figure if something goes wrong (Murphy's law) I can at least have the satisfaction of pounding on someones desk. Anybody got any comments on Waterhouse??? Scan Optics (SOCR). I saw Tom W's post and went looking for info. "Scan-Optics designs, manufactures, and markets document scanning, imaging, and optical character recognition (OCR)/intelligent character recognition (ICR) devices". FWIW, decent balance sheet; not a lot of cash ($511k at 6/30/97) but have $4mil in loc's which, the cashflow stmt shows, get plenty of use (25% less in '97 vs '96 - a plus) ; equity primarily tied up in inventory & receivables ($24mil+) with very modest loss provision (2.7%), looks like they get about 4.5 turns on inventory and receivables approx 115 days, no long term debt. Sales for 1st 6 mths '97 up 26% over '96; GP improved (54.4% vs 54.2% in '96); mktng/service exp decreased as a percent of sales (31.6% vs 32.8%in '96); Income taxes practically non-existant because they have a substantial loss carryforward, (which will expire and impact the bottom line). Don't know the industry so can't comment on comparative inc/exp stats. I like the fact that they have been around long enough to make lots of mistakes and survive. I realize I'm looking at this company from the view of an owner or banker and I don't know if any of the above has bearing on the price of their stock. I would appreciate any comments. Thanks to everyone for a most civilized and enjoyable gab group. Aloha from Hawaii Jon ------------------------------------------------------------------------------- From: Mark Schiffner Subject: [CANSLIM] Intro Date: 06 Sep 1997 22:04:18 -0400 (EDT) Howdy folks, I've been reading with great interest for the past two weeks. My name is Mark Schiffner, I live in the D.C. suburbs. I am a Systems Programmer by trade and I have taken an active interest in the market. Up til now all I have dealt with is IRA and 401K invested in mutual funds, but I have been exporing the vast wealth of info on the net. Over the summer I read O'Neils CANSLIM book, Michael Tomsett's "Getting started in Options" and Curtis Arnold's "Timing the Market" about technical analysis. Arnold's book help me understand a lot of the language used on this list. If there are any other appropriate books or resources I should pick up, I would love to hear. Thanks for all the interesting info, hope to contribute soon... Actually, there has been some discussion about the 8% stop limit for dowside protection. Tomsett also recommends buying a put as a way of protecting yourself from declines in price. Of course, there is a cost, which limits profits. Mark Schiffner | C code. Delfin Systems | C code run. mark@east.delfin.com | run code run. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Intro Date: 06 Sep 1997 23:32:54 -0400 Welcome to the group, Mark. Hope you learn a lot here. Generally, I don't encourage buying puts to protect a position. If you are that unsure of the situation, you are better off simply making a decision between holding and selling, without adding the addl cost of a put. About the only time I would suggest a put is where a stock has REALLY run up a long ways and is likely to consolidate and retreat some distance, but you REALLY don't want to sell (you're in for a long term investment). In this case buying a put would substitute for trading the stock (selling it in hopes of buying back cheaper while it consolidates). You could accomplish pretty much the same thing by writing covered calls if this was your goal and you were were confident in the long term picture. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Mark Schiffner > To: canslim@mail.xmission.com > Subject: [CANSLIM] Intro > Date: Saturday, September 06, 1997 10:04 PM > > > Howdy folks, > > there has been some discussion about the 8% stop limit for downside > protection. Tomsett also recommends buying a put as a way of protecting > yourself from declines in price. Of course, there is a cost, which limits > profits. > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Introduction: Jon Willers Date: 06 Sep 1997 23:45:01 -0400 Welcome to the group, Jon, and Aloha! I have good memories of my two visits to Hawaii, even tho out of the first (almost 30 days) I only got about 12 hours of actual recreation! (I was in the military). But the second made up for it, including hiking up DiamondHead. Sounds like you have done some good research on SOCR. Definitely more than I did when posting my comments as I tend to rely heavily on DailyGraphs Online for my comments. My favoritism for SOCR was based largely on being a small cap stock, which could move quickly in this mkt. If you like the digest version, have you considered converting to the "live" version? You get more email, but you get it in a more timely fashion as well. Anyone contemplating an investment should look upon it from the viewpoint of an "owner" cuz that's what you are as a shareholder. You have a vested interest whether you own one share or ten thousand. The only thing that is different is your percentage ownership. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Jon Willers > To: canslim@mail.xmission.com > Subject: [CANSLIM] Introduction: Jon Willers > Date: Saturday, September 06, 1997 5:29 PM > > Hi to the group > > I've been lurking for several months and it's gotten to the point where > I just can't wait for the e-mail ( I get the digest). This group has > Scan Optics (SOCR). I saw Tom W's post and went looking for info. > "Scan-Optics designs, manufactures, and markets document scanning, > imaging, and optical character > recognition (OCR)/intelligent character recognition (ICR) devices". > FWIW, decent balance sheet; not a lot of cash ($511k at 6/30/97) but > have $4mil in loc's which, the cashflow stmt shows, get plenty of use > (25% less in '97 vs '96 - a plus) ; equity primarily tied up in > inventory & receivables ($24mil+) with very modest loss provision > (2.7%), looks like they get about 4.5 turns on inventory and receivables > approx 115 days, no long term debt. Sales for 1st 6 mths '97 up 26% > over '96; GP improved (54.4% vs 54.2% in '96); mktng/service exp > decreased as a percent of sales (31.6% vs 32.8%in '96); Income taxes > practically non-existant because they have a substantial loss > carryforward, (which will expire and impact the bottom line). Don't > know the industry so can't comment on comparative inc/exp stats. I like > the fact that they have been around long enough to make lots of mistakes > and survive. I realize I'm looking at this company from the view of an > owner or banker and I don't know if any of the above has bearing on the > price of their stock. I would appreciate any comments. > > Thanks to everyone for a most civilized and enjoyable gab group. > > Aloha from Hawaii > > Jon > > > ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: [CANSLIM] Index Chart Interpretation from IBD Date: 07 Sep 1997 18:29:20 -0700 I was looking at the NASDAQ and Dow charts in IBD Monday sept 8 edition. From TA point of view, NASDAQ chart has formed an ascending triangle which is a very bullish formation and chart measurement implies a move to about 1700 when we break the supply line on the upside at about 1625 on a high volume. The dow chart on the other hand is showing a bearish formation that resembles a descending triangle and implies the next move to 6900 if we break the demand line at about 7600. At this point the reading on NASDAQ instills more confidence than the Dow chart. I use TA for guidance but don't live by it, but we seem to be in an interesting phase in the market. Are there other folks using these charts to guide their committments? what do they have to say? Also, are there any other implications of the two major index charts going in the opposite directions than "money moving from large caps in S&P 500 to small/midcaps on NASDAQ" from people's collective experience? Will appreciate any interesting insights. -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Index Chart Interpretation from IBD Date: 07 Sep 1997 23:00:46 -0400 I would be cautious in using the Dow30 as an indicator of a broad mkt move, either of the NYSE specifically or all mkts in general. What I have been seeing on the NYSE is that the smaller cap stocks (smaller being relative) is that they are still doing well, hence the continuing large nr of new highs there. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Hemant Rotithor > To: upupandaway@shango.com > Cc: canslim@xmission.com > Subject: [CANSLIM] Index Chart Interpretation from IBD > Date: Sunday, September 07, 1997 9:29 PM > > I was looking at the NASDAQ and Dow charts in IBD Monday sept 8 edition. > >From TA point of view, NASDAQ chart has formed an ascending triangle > which is a very bullish formation and chart measurement implies a move > to about 1700 when we break the supply line on the upside at about 1625 > on a high volume. > The dow chart on the other hand is showing a bearish formation that > resembles a descending triangle and implies the next move to 6900 > if we break the demand line at about 7600. > At this point the reading on NASDAQ instills more confidence than the > Dow > chart. > I use TA for guidance but don't live by it, but we seem to be in an > interesting phase in the market. > Are there other folks using these charts to guide their committments? > what do they have to say? > Also, are there any other implications of the two major index charts > going in the opposite directions than "money moving from large caps > in S&P 500 to small/midcaps on NASDAQ" from people's collective > experience? > Will appreciate any interesting insights. > > -- > Disclaimer: Opinions expressed in this document are those of the author. > Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: "Richard E. Jenkins" Subject: [CANSLIM] New Introduction Date: 08 Sep 1997 02:44:09 -0400 Hi all... I'd like to introduce myself. My name is Richard (Dick) Jenkins and I have been a reader of the digests for several months. I thoroughly enjoy the group and the wealth of info provided. I have subscribed to DTN for 2 1/2 years and have been saving the and posting the data to Metastock. I have made a few feeble stocks investments in Dell and Microsoft. I have WJO's first (revised) edition and have read it twice. I also subscribe to IBD and received the recent video, which I have watched. I am 56 years of age and with retirement coming soon, I really would like to see major increases in our net worth. Most of our money is in a 401K that is managed by Fidelity. I am in the highest yielding equity fund offered (a variant of the S&P500), so there is not much more that I can do there. I have just signed up for beta-testing of DG. I was amazed to find no screening capabilities (or did I miss something). I have also started using the S&P and First Call reports on eSchwab. I have GOT to start really reading IBD, particularly the new h/l, market and charts pages. I tend to be a follower but feel that I need to get in earlier and CANSLIM is the preferred method. I am sure in the days and weeks ahead, I will have a number of newbee questions, but will save them for later. Best wishes to all, Dick ------------------------------------------------------------------------------- From: "Richard E. Jenkins" Subject: [CANSLIM] Estimated Taxes Date: 08 Sep 1997 04:24:43 -0400 Having finally gotten into the market and achieved a few capital gains, I have been looking at Estimated Taxes. My wife and I both work and our AGI is approaching the 31% bracket. I can't be sure that our regular tax payments will equal our 1996 taxes (it will be close), therefore I have got to start paying estimated taxes. If I have our employers deduct a surplus, to cover that portion, then the estimated tax would apply only to my short term capital gains. The simplest way to pay the estimated tax would be to pay the tax on the capital gains that occur with in that particular payment period, rather than annualize them and have a big tax bill January 15. I intend to consult a tax preparer but would appreciate some advice from the group before starting down this horrible road. Thanks, Dick ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] What?? No comments? Date: 08 Sep 1997 10:16:20 -0400 (EDT) In a message dated 97-09-05 03:39:06 EDT, you write: << Anyone following CHSE? A Miami based computer wholesale/retail co? Despite the problems of Gateway2000, it's looking interesting. Trying to decide if it formed a REAL flat c&h and thus the action today (down 1.68) may be either a failed bo or a new entry pt. Opinions welcome. >> This is one of those stocks I bought "early", Tom. That is, there was no sign of an upcoming breakout or of any unusual interest whatsoever. However, given its fundies and outlook, I didn't think I'd have to wait long, so I staked my claim at around 28. As it turned out, I didn't have to wait long at all. IMO, the downside on this stock is minimal, but finding an entry point is problematic. It's unlikely that the current enthusiasm on Wall Street will last more than another week. At some point, we'll have the usual round of profit-taking. That may provide a buying opportunity. You could take a partial position now and either pyramid or buy more on a dip, but you already know how to do all that, so there's no need to elaborate. Suffice it to say that if you buy CHSE, you won't be alone. I plan on holding this for a good long while. ----Db ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] Estimated Taxes Date: 08 Sep 1997 10:57:43 -0400 > I can't be sure that our regular tax payments will equal our 1996 > taxes (it will be close) check your AGI closely -- the 100% safe harbor provision rises to 110% at some point, i forget exactly where offhand > If I have our employers deduct a surplus, to cover that portion, > then the estimated tax would apply only to my short term capital > gains. additional withholding can (in principle) be used to cover your entire tax bill w/o resorting to quarterly payments > I intend to consult a tax preparer but would appreciate some > advice from the group before starting down this horrible road. the rules are clear enuf i think, but by all means a paid preparer is your safest bet when in doubt mike ------------------------------------------------------------------------------- From: Talib Hirji Subject: Re: [CANSLIM] KEG Date: 08 Sep 1997 11:13:10 -0700 I bought KEG at $ 26.00 though I see the best entry point would have been around 23. Getting late into the trend I now find it difficult to set my "Stop Price". If I set it at 10% to 15% under my purchase price I might be exiting too soon. What is the recommendation in such case by the Gurus on this board ? TIA Talib ------------------------------------------------------------------------------- From: Colt Forsythe Subject: [CANSLIM] Date: Mon, 8 Sep 1997 14:53:20 -0400 Date: 08 Sep 1997 12:51:33 -0600 Hi, A few weeks ago a book "Charting the stock market" was discussed. The book describes some charts that are new to me. Is there software available to generate these charts? I could do it myself but I assume it has already been done. I'm annoyed that I was "flushed out of the pocket" so to speak when KEG had that huge volume/ small price drop last week. If the people who stayed in could enlighten me as to why they did I'd appreciate it. I assumed it would bounce back some but I was concerned the free fall wouldn't stop for several points. Thanks, Colt ------------------------------------------------------------------------------- From: "SIMMS, FRANK R. (JSC-EV4)" Subject: [CANSLIM] Stop loss Date: 08 Sep 1997 15:02:00 -0500 I too have the experience that almost all of my 10% stops quickly recovered and left me with a loss. When I hold on and don't exit, it goes lower! As a newbie I try to learn. Best guess is that a 15% stop is appropriate in a volatile stock when I make my normal dumb purchases. If one buys the stock as it is rising from a known major support level then a stop just under the support level is appropriate. Also, if you buy near the bottom of a dip then a 8-10% stop loss would be ok. It all depends on the volatility, timing and the price you by at. Best Wishes, Bob ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] KEG Date: 08 Sep 1997 16:09:02 -0400 (EDT) In a message dated 97-09-08 14:20:30 EDT, you write: << I bought KEG at $ 26.00 though I see the best entry point would have been around 23. Getting late into the trend I now find it difficult to set my "Stop Price". If I set it at 10% to 15% under my purchase price I might be exiting too soon. What is the recommendation in such case by the Gurus on this board ? TIA >> I'm hardly a guru, but I've found that nothing can make you feel more snug and warm (and a tiny bit smug ) than buying a stock at a lower price than everyone who's discussing it. I bought KEG at 19.25 when it successfully tested its 20 EMA after a breakout from the 17 area. So I really couldn't care less what it does at this point as long as it doesn't penetrate important support. I mention this not to impress anybody with how wonderful I am at selecting stocks, but to illustrate the importance of putting overextended stocks on the back burner and looking for other opportunities which are closer to their pivot points. The closest support KEG has right now is price support at 25 and 20 EMA support at 24.5. Therefore, to buy it now would mean setting a stop below those levels, i.e., around 20%. That is unacceptable. Since you bought at 26, 10% might be enough, but you could still be thrown by a shakeout. Can you tolerate 15%? (When you buy a stock also alters your perception dramatically. For example, if KEG were to drop below its 20EMA and bounce back on good volume, I'd pyramid it. On the other hand, someone buying it higher than, say, 26.5 would be stopped out. He wouldn't have the luxury of just sitting there and watching the drama unfold because he bought "too late". Would he buy it back on a rebound? Probably not. Most people have a great deal of difficulty doing this, for psychological rather than technical reasons.) If anyone else really wants it, watch it. Wait for it to bounce off its 20 EMA or settle there and break out again on good volume. If it never does, wait for it to base. If it doesn't do that either, at least you will have been looking elsewhere and possibly finding something just as good in the meantime. God knows there are plenty of good opportunities in the O&G sector right now. ----Db ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] Date: Mon, 8 Sep 1997 14:53:20 -0400 Date: 08 Sep 1997 16:20:09 -0400 (EDT) In a message dated 97-09-08 14:55:11 EDT, you write: << A few weeks ago a book "Charting the stock market" was discussed. The book describes some charts that are new to me. Is there software available to generate these charts? I could do it myself but I assume it has already been done. I'm annoyed that I was "flushed out of the pocket" so to speak when KEG had that huge volume/ small price drop last week. If the people who stayed in could enlighten me as to why they did I'd appreciate it. I assumed it would bounce back some but I was concerned the free fall wouldn't stop for several points. Thanks, Colt >> Colt, You're probably referring to me. What charts are you referring to? P&F? Wave? He discusses several different kinds. As far as KEG goes, I just responded to another post on KEG. If it doesn't answer your question, let me know. -----Db ------------------------------------------------------------------------------- From: Jeffry White Subject: [CANSLIM] Market Direction Date: 08 Sep 1997 19:45:18 -0700 Tom: You wrote: >Date: Fri, 5 Sep 1997 20:40:21 -0400 >From: "Tom Worley" >Subject: Fw: [CANSLIM] Market direction >Can't remember this one showing on, so am reposting it in its >entirety along with some comments from today's trading. >First, some indexes: DOW 30 - 5.3% below its all time high NYSE Composite - 2.5% below its all time high S&P500 - 3.3% below its all time high NASDAQ - hit a new high today for the first time in a month Russell 2000 - hit its SEVENTH straight consecutive high >Dow 30 lost 44 points today, Proctor and Gamble (PG) contributed >over 12 of those negative points and has been extremely volatile >lately. >Volume has been strong and probably near average or better all week >The "market" (Dow 30) gained 257 points on Tuesday, and finished >the week up almost exactly 200 pts. Wednesday, Thursday and Friday >and each day did over 536 mil shares on NYSE, with an average of >550 mil for those three days. The 257 pt move on Tuesday was done >on 497 mil shares. >WON looks for a 1% follow thru 3-8 days out as confirmation of a >sig mkt move, that means the five trading days of next week. >Because of this, it's too early to say conclusively, but I believe >the rotation of money from big caps to secondary and small caps is >continuing, and Wed thru Friday served as healthy consolidation >days for the record setting gains of Tuesday. >Another point, the consensus of economists were amazingly on target >for every report this week. Can't remember the last time this >happened. If they can keep this up, I may have to stop second >guessing them and just report their opinion. Granted, on the most >important report of the week (today's employment nrs) I was more on >target than they were, but hey, they were still close. >tom w An observation about some of your "M" analysis in contrast to WON's rather specific criteria. First, the Nasdaq is a much broader measure than the Dow30 and, according to my computerized friends at the "Stock Farmer", produces much more reliable signals for short and intermediate term trend changes. Your focus on the Dow and later about the NYSE in these comments seems to belie the point that seems to make the most sense in this market: the small cap rotation is definitely happening, and what do we make of that fact with reference to the "M" as a whole that is supposed to govern our CANSLIM efforts. Second, WON looks for a 1% follow through within a 3-10 day window from the commencement of a short term rally from a clear down trend, not 3-8 as you suggest. Additionally, under the Nasdaq, the existing short term rally began on 8/18 (a clear reversal on higher volume than the prior day). That is the day the downtrend reversed for the first time after we came off the highs produced in the latest upleg. Tuesday's (9/2) action was on the 10th day after 8/18, and would qualify as a follow through day. However, I would note for those readers who are beginning to read the "Stock Farmer", their back tested data suggests that where the index makes a 5 day low after the commencment of the short term rally (as it did on 8/28), the follow through day window begins anew. WON doesn't clarify this point, however. So, my opinion is that a follow through day occurred on 9/2 and the question is whether we will fall prey to a failed rally. Under the "Stock Farmer" analysis, the follow through day window reopened on 8/28 and 9/2 was one day early, and doesn't, therefore, qualify as a true follow through day. Either way, a failed rally remains a possibility whether you use 8/18 or 8/28, although we are moving a little beyond the former for it to be much of a threat. In summary, I disagree that Tuesday is the commmencment of a short term rally point from which the 3-10 day follow through day period runs. Rather it is more accurately described as a follow through day or just a huge and historic move within a short term rally which began on 8/18. jeffry white ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Date: Mon, 8 Sep 1997 14:53:20 -0400 Date: 08 Sep 1997 17:13:10 -0700 At 12:51 PM 9/8/97 -0600, you wrote: > >I'm annoyed that I was "flushed out of the pocket" so to speak when KEG >had that huge volume/ small price drop last week. If the people who >stayed in could enlighten me as to why they did I'd appreciate it. I >assumed it would bounce back some but I was concerned the free fall >wouldn't stop for several points. > Easy, it didn't hit my stop. Couldn't have if your stop was 15%, since it never fell that far from the high. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] KEG Date: 08 Sep 1997 17:17:32 -0700 At 04:09 PM 9/8/97 -0400, you wrote: >(When you buy a stock also alters your perception dramatically. For example, >if KEG were to drop below its 20EMA and bounce back on good volume, I'd >pyramid it. On the other hand, someone buying it higher than, say, 26.5 >would be stopped out. He wouldn't have the luxury of just sitting there and >watching the drama unfold because he bought "too late". Would he buy it back >on a rebound? Probably not. Most people have a great deal of difficulty >doing this, for psychological rather than technical reasons.) > I got stopped out of MAVK and bought it right back the next day, for obvious reasons. I guess 15% stop loss was too little for that one. In KEG at 22-3/4 I believe at the correct buy point (was probably a secondary buy ala WON). Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Estimated Taxes Date: 08 Sep 1997 21:18:06 -0400 It's been a nr of years since I had to do qtrly est taxes, so the rules may have changed somewhat, but if I recall correctly, your final payment (due in very early Jan, I think) can be used to bring you up to 100% of your 96 pmt. Since portfolio gains can be offset in late Dec by losses, you can honestly say you didn't know you would owe addl taxes till late Dec. My advice would be to accrue the money in a tax free savings acct/90 day CD type instrument so you can get some interest on the money rather than letting Uncle have it for free use. Then, in early Jan, draw out what, if anything, you will need to make a "one time" estimated payment to bring you to 100%, and let the balance make some more interest till April 15. This does raise a good point, it's now September. Come early December, there will be many sell tickets entered for tax related reasons and having nothing directly to do with how the stock is then trading. The most common candidates for this will be the ones with big run ups or big losses (to offset already taken losses or profits, respectively). You should start reviewing your portfolio now to see if you should take some action early to aid your tax picture. Remember, you can take up to $3000 in losses against ordinary income if you itemize. And you can carry over to future years any balance over that $3000. If you already have big gains that you have taken this year, and are sitting on some dogs hoping they will eventually come back, you may want to take the loss to offset those gains. Or if you have already taken some losses, and don't need the writeoff, you may want to sell some profitable stocks. Remember, if you sell for a loss, you must not rebuy the stock for 30 days before and after the sale. However, if you sell for a profit, you can immediately repurchase the stock if you still want to own it, thus booking the profit for tax purposes at a cost of two commissions. I am not a tax expert, just done my own for several decades. Like always, this advice is worth no more than what you paid for it. You should always consult a paid professional, or do your own homework. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Richard E. Jenkins > To: canslim@xmission.com > Cc: jenkr@global2000.net > Subject: [CANSLIM] Estimated Taxes > Date: Monday, September 08, 1997 4:24 AM > > I can't be sure that our regular tax payments will equal our 1996 > taxes (it will be close), therefore I have got to start paying > estimated taxes. > > If I have our employers deduct a surplus, to cover that portion, then > the estimated tax would apply only to my short term capital gains. > The simplest way to pay the estimated tax would be to pay the tax on > the capital gains that occur with in that particular payment period, > rather than annualize them and have a big tax bill January 15. > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] New Introduction Date: 08 Sep 1997 21:25:40 -0400 Welcome to the group, Dick. Sounds like you're already on the right track. No, you didn't miss any "screening" capabilities on DG Online. Despite many requests for this, they aren't providing it as of yet. There have been a number of discussions of how you can screen stocks using other software pkgs, you may want to go thru this group's archives for some of the past posts. That can narrow down your search when you go to DGO. There are also some useful "reports" on DGO listing fasting growing stocks, highest RS and EPS, etc. If you have the time, you can also use these to go thru the charts. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Richard E. Jenkins > To: canslim@xmission.com > Cc: jenkr@global2000.net > Subject: [CANSLIM] New Introduction > Date: Monday, September 08, 1997 2:44 AM > > Hi all... > > I'd like to introduce myself. My name is Richard (Dick) Jenkins and > I have been a reader of the digests for several months. I thoroughly > enjoy the group and the wealth of info provided. > > I have subscribed to DTN for 2 1/2 years and have been saving the > and posting the data to Metastock. I have made a few feeble stocks > investments in Dell and Microsoft. I have WJO's first (revised) > edition and have read it twice. I also subscribe to IBD and > received the recent video, which I have watched. > > I am 56 years of age and with retirement coming soon, I really would > like to see major increases in our net worth. Most of our money is > in a 401K that is managed by Fidelity. I am in the highest yielding > equity fund offered (a variant of the S&P500), so there is not much > more that I can do there. > > I have just signed up for beta-testing of DG. I was amazed to find > no screening capabilities (or did I miss something). I have also > started using the S&P and First Call reports on eSchwab. > > I have GOT to start really reading IBD, particularly the new h/l, > market and charts pages. I tend to be a follower but feel that I > need to get in earlier and CANSLIM is the preferred method. > > I am sure in the days and weeks ahead, I will have a number of > newbee questions, but will save them for later. > > Best wishes to all, > Dick ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Mkt Comment (was What?? No comments?) Date: 08 Sep 1997 21:33:01 -0400 I disagree that the current enthusiasm for secondary and small cap stocks will only last another week. Granted, it is to be expected that there will be some consolidation and profit taking along the way, just was we saw with the big caps. However, Russell 2000 hit its eighth straight new high today, NASDAQ hit its second since early August, and the Transportation index hit its first since Aug 6. The Dow Theorists looking for the DJIA to also hit a high, reconfirming a bull trend, are likely to wait a long time as the DJIA is over 5% under its record and S&P is 3% under its high. Despite the recent performance of the secondary and small cap stocks, trailing PEs remain on average well under the S&P500 from casual observation (least I am having no trouble finding ones with great earnings and revenue growth that are only showing a trailing PE of 15 to 20, with a projected PE far less). I think this area of the mkt has many months to go before it becomes overpriced. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Dbphoenix@aol.com > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] What?? No comments? > Date: Monday, September 08, 1997 10:16 AM > > problematic. It's unlikely that the current enthusiasm on Wall Street will > last more than another week. At some point, we'll have the usual round of > profit-taking. That may provide a buying opportunity. > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Economic Calendar, week of Sep 9, 1997 Date: 08 Sep 1997 22:07:58 -0400 A friend of mine from college is dying, and my mind is clouded with that, so here's the calendar, but no comments or opinions from me tonight. My judgement is too impaired. MONDAY Consumer borrowing, July, reported today, June revised from unchanged to up $0.8 billion, and July estimated at up $4.3bil, actually up 6.5bil TUESDAY Nonfarm productivity, for Q2, last up 0.6%, est for revision is for up 2.0% THURSDAY Current Acct Balance, for Q2, was down $41 bil, est for revision is for down $37.8 bil Initial Jobless Claims, week to Sep 6, was 326K, est for 325K Money Supply, week to Sep 1, was plus $3.8bil, est for plus $6.0 bil FRIDAY Retail Sales, August, was up 0.6%, est is for up 0.7% Producer Prices, was down 0.1%, est is for up 0.3% Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Date: Mon, 8 Sep 1997 14:53:20 -0400 Date: 09 Sep 1997 02:49:48 GMT : :I'm annoyed that I was "flushed out of the pocket" so to speak when KEG :had that huge volume/ small price drop last week. If the people who :stayed in could enlighten me as to why they did I'd appreciate it. I :assumed it would bounce back some but I was concerned the free fall :wouldn't stop for several points. : :Thanks, :Colt There was a large block of KEG sold last week one afternoon that was about 13% of the outstanding shares. It is actually surprising that the price only dropped 1 dollar that day. It had something to do with a conversion of bonds for stock, and the holder liquidating.=20 Dan ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Nam Tai Electronics NTAIF Date: 09 Sep 1997 03:17:04 GMT I heard of this stock at Silicon Investor from a person who thought it undervalued and a likely performer. This was maybe three weeks ago when it was around 26. It's now 21 1/4 and just reversed a downtrend on a 3+% up day. Recent quarters see an amazing reversal in the trends: Earnings -30%, +20%, +55%, +471% (0.97 vs. 0.17) in successive quarters!! 7.8 million shares. 4.6 million float. EPS 93 RS 95 A/D =3D C Timeliness =3D B Growth rate 23% PE 10 =46unds 5% Group RS 94 Am I wrong, or is this a candidate for a major breakout, or at least a real recovery? Any opinions? What am I missing here? Dan ------------------------------------------------------------------------------- From: lventura@juno.com (Louis F. Ventura) Subject: [CANSLIM] When to Sell? Date: 09 Sep 1997 01:31:08 -0400 I've spent the past several months learning about "buying" stocks using the CANSLIM principles. Knock on wood, things are going well. However, it just dawned on me that I know little or nothing about "selling." So I continued my research, including re-reading HTMMIS, Chap.10 (When to Sell...) I'm still waffling on what constitutes a good sell decision, and here's why: 20% - WON says, "Take 20% profits when you have them (except with the most powerful of all stocks)." 35% - I'm up about 35% with two of the CANSLIM stocks I recently purchased. 40-50% - WON recommends developing a profit-and-loss plan. My original profit target was 40-50%, a little more aggressive than 20%. 100-200% - WON comments that the most powerful stocks of all are capable of increases of 100%, 200%, or more. Almost 10-baggers - Two of the CANSLIM stocks which I model, SMTC and JBIL, have rocketed 640% and 900%, respectively, in 12 months. Source = www.bigcharts.com Bulls, Bears, and Pigs - WON kindly reminds us, "Bulls make money and bears make money, but pigs don't." How do you folks go about making "sell" decisions??? Louis ~~~~~~~~~~~~~~~~~~~~~~~~ ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Nam Tai Electronics NTAIF Date: 09 Sep 1997 07:55:15 -0400 In the past, this stock has had a reputation for manipulation. Don't know if still true. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- I heard of this stock at Silicon Investor from a person who thought it undervalued and a likely performer. This was maybe three weeks ago when it was around 26. It's now 21 1/4 and just reversed a downtrend on a 3+% up day. Recent quarters see an amazing reversal in the trends: Earnings -30%, +20%, +55%, +471% (0.97 vs. 0.17) in successive quarters!! 7.8 million shares. 4.6 million float. EPS 93 RS 95 A/D = C Timeliness = B Growth rate 23% PE 10 Funds 5% Group RS 94 Am I wrong, or is this a candidate for a major breakout, or at least a real recovery? Any opinions? What am I missing here? Dan ---------- ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] When to Sell? Date: 09 Sep 1997 08:02:29 -0400 First, bulls and bears make money, pigs just get slaughtered. Second, when I am fortunate enough to have a stock double, and I have had several, then I actively look for an excuse to sell at least half the position. Any, I repeat any, sign of weakness and I am out of at least half. This way I get my principal back and can still benefit if the stock continues up. If it weakens further, then I sell the rest. Generally, I do not buy for very short term trades. As a result, I am not usually looking for 20-30%, rather I want to see 50% or better as I try to target seriously undervalued stocks. If a stock moves to fast, however, I may go ahead and take a quick, short term profit and not worry if it moves even higher. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Louis F. Ventura > To: canslim@xmission.com > Subject: [CANSLIM] When to Sell? > Date: Tuesday, September 09, 1997 1:31 AM > > I've spent the past several months learning about "buying" stocks using > the CANSLIM principles. Knock on wood, things are going well. However, > it just dawned on me that I know little or nothing about "selling." So I > continued my research, including re-reading HTMMIS, Chap.10 (When to > Sell...) I'm still waffling on what constitutes a good sell decision, > and here's why: > > 20% - WON says, "Take 20% profits when you have them (except with the > most powerful of all stocks)." > > 35% - I'm up about 35% with two of the CANSLIM stocks I recently > purchased. > > 40-50% - WON recommends developing a profit-and-loss plan. My original > profit target was 40-50%, a little more aggressive than 20%. > > 100-200% - WON comments that the most powerful stocks of all are capable > of increases of 100%, 200%, or more. > > Almost 10-baggers - Two of the CANSLIM stocks which I model, SMTC and > JBIL, have rocketed 640% and 900%, respectively, in 12 months. Source = > www.bigcharts.com > > Bulls, Bears, and Pigs - WON kindly reminds us, "Bulls make money and > bears make money, but pigs don't." > > How do you folks go about making "sell" decisions??? > > Louis > ~~~~~~~~~~~~~~~~~~~~~~~~ ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Nam Tai Electronics NTAIF Date: 09 Sep 1997 13:47:28 GMT On Tue, 9 Sep 1997 07:55:15 -0400, you wrote: :In the past, this stock has had a reputation for manipulation. :Don't know if still true. I am very sensitive to this as I *have a feeling* that it was manipulation that I suffered from in my *play* on NBTY, which has gone back to the doldrums of its lower 20 days (in fact it's at 19 1/2) after flying up to about 35 post earnings release recently. I don't know about NTAIF in this regard. What information do you have on this, Tom?=20 I did some more research and found a very lively and extensive discussion at Silicon Investor. This is the URL for anyone interested: http://www.exchange2000.com/~wsapi/investor/Subject-4172 It appears that the recent lowering in value of this issue is due to "insider trading." Namely, the largest shareholder, a Mr. Koo, who it appears heads up the Hong Kong based company, decided to dump a large amount of his holdings on the market. He apparently still holds around a million shares, in the neighborhood of 10% of the outstanding shares. Speculation varies on his motives. He owes the company some money due to loans. As Tom has noted in the past, insider trading does not necessarily mean that there is anything wrong with the company or that future performance is expected to decline.I suspect after reader through the thread (all posts since 9/3) mentioned above is that this is the case here. Others may disagree. I think that when you are in a position like Mr. Koo you don't think like a speculator or long term investor. Just my opinion. Dan : :Any statements or opinions are strictly my own and not that of my :employer. My comments should not be interpreted as a recommendation :of any kind. I am a licensed (inactive) broker and an active :investor. All investors should do their own research prior to any :investment, especially one learned about on the Internet. Hopefully :my comments will better inform and educate all investors. : :tom w : :---------- :From: Dan Musicant :To: canslim@mail.xmission.com :Subject: Re: [CANSLIM] Nam Tai Electronics NTAIF :Date: Monday, September 08, 1997 11:17 PM : :I heard of this stock at Silicon Investor from a person who thought :it :undervalued and a likely performer. This was maybe three weeks ago :when it was around 26. It's now 21 1/4 and just reversed a :downtrend :on a 3+% up day. Recent quarters see an amazing reversal in the :trends: : :Earnings -30%, +20%, +55%, +471% (0.97 vs. 0.17) in successive :quarters!! : :7.8 million shares. 4.6 million float. :EPS 93 :RS 95 :A/D =3D C :Timeliness =3D B :Growth rate 23% :PE 10 :Funds 5% :Group RS 94 : :Am I wrong, or is this a candidate for a major breakout, or at :least a :real recovery? Any opinions? What am I missing here? : :Dan :---------- : ------------------------------------------------------------------------------- From: Sam Funchess Subject: Re: [CANSLIM] KEG Date: 09 Sep 1997 10:24:32 -0700 ALso far from a guru.. I expect the stock to make a minor stall at the current prices and begin a small upward movement until their next qtr. report. The stock has had a great run the past ten weeks and could use a rest. although I make these statements I did just do some pyramiding to increase my share with the anticipation the stock is still going up. The company expects future earnings to continue at the 100%+ rate. I feel the stocks ability to absorb 2.5 million shares and only drop $1 was an outstanding display of strength. Sam Sorry for the delay I have not been near my computer for a while. Talib Hirji wrote: > I bought KEG at $ 26.00 though I see the best entry point would have > been > around 23. Getting late into the trend I now find it difficult to set > my > "Stop Price". If I set it at 10% to 15% under my purchase price I > might be > exiting too soon. > > What is the recommendation in such case by the Gurus on this board ? > > TIA > > Talib ------------------------------------------------------------------------------- From: "Jack Markowitz" Subject: Re: [CANSLIM] Stop loss Date: 08 Sep 1997 18:53:07 -0500 WON says it is Fire Insurance. I have never had insurance that I didn't have to pay for. So, if you use the CANSLIM system and you stick with the 8% loss, you will pay some premiums. But you will have the insurance. It doesn't matter if the stock goes back up, you have finished with that trade. You will drive yourself nuts if you second guess every trade you make. Look at the stock again, if it seems like a CANSLIM candidate and you want to give it a try at the then current price, then start a new trade. The old trade is done, gone and not to be worried about. See ya, Jack jack@jackm.com http://www.jackm.com Jack's Picks ---------- > From: SIMMS, FRANK R. (JSC-EV4) > To: 'canslim@mail.xmission.com' > Subject: [CANSLIM] Stop loss > Date: Monday, September 08, 1997 3:02 PM > > I too have the experience that almost all of my 10% stops quickly > recovered and left me with a loss. When I hold on and don't exit, it > goes lower! As a newbie I try to learn. Best guess is that a 15% stop > is appropriate in a volatile stock when I make my normal dumb purchases. > If one buys the stock as it is rising from a known major support level > then a stop just under the support level is appropriate. Also, if you > buy near the bottom of a dip then a 8-10% stop loss would be ok. It all > depends on the volatility, timing and the price you by at. > > Best Wishes, > > Bob ------------------------------------------------------------------------------- From: Sam Funchess Subject: Re: [CANSLIM] Date: Mon, 8 Sep 1997 14:53:20 -0400 Date: 09 Sep 1997 11:24:43 -0700 Colt Forsythe wrote: > I'm annoyed that I was "flushed out of the pocket" so to speak when > KEG > had that huge volume/ small price drop last week. If the people who > stayed in could enlighten me as to why they did I'd appreciate it. I > assumed it would bounce back some but I was concerned the free fall > wouldn't stop for several points. I was not bothered by the drop because I had purchased at 19 9/16, so I had a decent cushion. Also the $1 drop came during the last 1 hr and half, this was a time which I do not have access to a computer to check quotes so the action transpired before I could react. After seeing KEG close down after being up considerable all day I began to investigate. I found out through the help of people such as Tom and others from this site and elsewhere that the huge amount of shares that traded hands had to be part of the bond conversion. I also found out that the bond conversion was a good thing for long term issues but could have an short term effect on prices.... so I had to wait. The next day the stock took off as it had been doing for the past couple of days as if nothing had happened. There was no real reason or threat of a loss so I could stand back and analyze the situation clear headed and with time to spare. This is why I have not been flushed out of KEG. In fact because of the markets ability to absorb such an influx of shares I bought more. Sam sam5@mindspring.com > > > Thanks, > Colt ------------------------------------------------------------------------------- From: JANSI1AUG1@aol.com Subject: [CANSLIM] DG Short Interest & ROI Date: 09 Sep 1997 11:57:41 -0400 (EDT) Tom: My Beta version of DG has no short interest for KEG, nor SOCR either. (I looked them up in datablock.) I thought when no SI showed in DG that meant there was no SI (or significant SI over a fraction of a percent, at least. This is not so?). About the ROE: Thanks. I can't believe I confused equity with price. Oh, well. Your explanation was brief, lucid, and appreciated. Thanks for setting me straight on WON's definition of "Annual Earnings" too. Have you ever heard of Metastock incompatibiltiy with DG? For some reason, my stocks don't seem to load when I minimize DG-even though I'm off-line. jans ------------------------------------------------------------------------------- From: "Ricardo Bekin" Subject: [CANSLIM] TMSR breakout? Date: 09 Sep 1997 11:08:30 -0500 Thrustmaster is making new highs on good volume. Ricardo ------------------------------------------------------------------------------- From: "Lost" Subject: [CANSLIM] Beta testing software Date: 07 Sep 1997 10:05:05 +0000 Greetings, I have recently joined your list after noticing a posting on one of the investment newsgroups. As it turns out, I have been subscribing to IBD for about 2 months, and am in the middle of reading WON's book as well. My investing experience is mixed. I first got into the market in 1980, when I invested in stocks through a full service broker. After about 2-3 years of TOO much excitement, and too many losses, I essentially got out. I got back into the market again as a result of building my 401k accounts, and have been actively investing them and my other funds for the last 5 years, however ONLY through mutual funds. At this point in my life I have decided that it is time to look at individual stocks, and I like the information and format of the IBD approach. WRT this list and the DG website, I was interested in trying out the DG software as a Beta tester, and when I followed the links and downloaded the software, it looks like you have to pay for the software first. This does not seem like beta testing to me. Did I do something wrong????? As I mentioned I am a rookie, but hopefully I can learn from your discussions, as I ask stupid questions. My biggest problem appears to be having enough time to read my email, and to properly investigate potential investments. Oh well!!! BTW, I just opened an account for my 15 year old son who wants to invest in the market, so he is currently looking for a stock to buy with cash he has, thanks to cashing in his savings bonds. Lost ------------------------------------------------------------------------------- From: Jeff Beckham Subject: [CANSLIM] MRVC Date: 09 Sep 1997 12:00:42 -0600 (MDT) From Briefing.com: MRV Communications (MRVC) 34 3/4 +2 1/8: former high-flyer breaking out today amidst strong volume. Issue setting new 52-week high on volume of 1.35 mln shares vs yesterday's 619,000 and 3-month average daily volume of 330,000. (Posted 13:06 ET). Jeff ------------------------------------------------------------------------------- From: bob gibson Subject: [CANSLIM] SOCR Date: 09 Sep 1997 17:28:26 News item via pointcast from PR Newswire 9/9 12:41pm EDT Anthem, Inc., one of the largest health care management and ins. orgs. in US, has selected Scan-Optics to provide processing and imaging technology. Anthem currently processes 40 million health care claims and responds to six million customer inquiries annually There's more of the same, but no mention of what this might mean to SOCR financially. It didn't seem to affect the sh price either. Maybe tomorrow. Bob ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: [CANSLIM] Nasdaq up 10...What sectors flew? Date: 10 Sep 1997 01:49:49 GMT I see where the Nasdaq composite index was up about the same amount as yesterday. However, the stocks that I watch showed very little of the advance I saw yesterday. I guess I tend to watch technology, relatively speaking, and Nasdaq is said to be tech heavy. What sectors accounted for the advance? Dan ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Nam Tai Electronics NTAIF Date: 09 Sep 1997 22:07:42 -0400 If you want a good example of why I generally pay little attention to insider trading (at least selling, buying can be a good indicator) look at the DG chart on Misonix (MSON). There was continual insider selling from Nov 96 thru May 97. The price range was 7-10. I bot today at 17.25 (it hit 19) (love those small float stocks!). Had those insiders waited six months, they would have sold at double the price. Insiders sell for many reasons, one of the most common being stock options about to expire (which cost them no direct money, but are part of their compensation pkg) and may be exercisable WAY under current price as they are likely from grants five years prior. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- On Tue, 9 Sep 1997 07:55:15 -0400, you wrote: :In the past, this stock has had a reputation for manipulation. :Don't know if still true. I am very sensitive to this as I *have a feeling* that it was manipulation that I suffered from in my *play* on NBTY, which has gone I did some more research and found a very lively and extensive discussion at Silicon Investor. This is the URL for anyone interested: http://www.exchange2000.com/~wsapi/investor/Subject-4172 It appears that the recent lowering in value of this issue is due to "insider trading." Namely, the largest shareholder, a Mr. Koo, who it money due to loans. As Tom has noted in the past, insider trading does not necessarily mean that there is anything wrong with the company or that future performance is expected to decline.I suspect after reader ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Nasdaq up 10...What sectors flew? Date: 09 Sep 1997 22:12:54 -0400 Most days lately, at least six of the eight main sectors have been up. Today, the ones I saw mentioned were computer index up 0.8%; Morgan Stanley High Tech 35 index up 0.1%; nonbank financial index up 0.7%; financials svcs sector up, amt unknown. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- I see where the Nasdaq composite index was up about the same amount as yesterday. However, the stocks that I watch showed very little of the advance I saw yesterday. I guess I tend to watch technology, relatively speaking, and Nasdaq is said to be tech heavy. What sectors accounted for the advance? Dan ---------- ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] DG Short Interest & ROI Date: 09 Sep 1997 22:24:11 -0400 I have written to Tech Support on the lack of a float nr for SOCR and the SI for it and KEG, they are looking into it (BTW, they are usually pretty quick to fix a data error or omission once pointed out, haven't checked the charts yet tonite but wouldn't be surprised to find it fixed already). FYI: I used "market guide" at work and came up with a float of 4.3mil for SOCR and a short position of 4000 shares. On KEG, the short position is reported at 2.063 mil. Don't know how current this data is as I couldn't find the AMEX listing in IBD, perhaps someone who saves back issues can look up the reported figure for Key Energy and provide it for verification. I would have been in an issue in late August around the 24th or so. I do feel somewhat sorry for the holders of the short position on KEG (yeah, right!! serves them right!!) Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: JANSI1AUG1@aol.com > To: CANSLIM@xmission.com > Subject: [CANSLIM] DG Short Interest & ROI > Date: Tuesday, September 09, 1997 11:57 AM > > Tom: > > My Beta version of DG has no short interest for KEG, nor SOCR either. > (I looked them up in datablock.) I thought when no SI showed in DG that > meant there was no SI (or significant SI over a fraction of a percent, at > least. This is not so?). > > About the ROE: Thanks. I can't believe I confused equity with price. > Oh, well. Your explanation was brief, lucid, and appreciated. Thanks for > setting me straight on WON's definition of "Annual Earnings" too. > > Have you ever heard of Metastock incompatibiltiy with DG? For some > reason, my stocks don't seem to load when I minimize DG-even though I'm > off-line. > > jans ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] SOCR Date: 09 Sep 1997 22:28:39 -0400 For what it's worth, SOCR was my second purchase today. I am committed to the high growth, small float sector for probably the next several qtrs. My only problem is lack of funds and trying to pick among all the ones with growth rates ridiculously above their PE (trailing or projected) rates. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: bob gibson > To: canslim@mail.xmission.com > Subject: [CANSLIM] SOCR > Date: Tuesday, September 09, 1997 1:28 PM > > > News item via pointcast from PR Newswire 9/9 12:41pm EDT > Anthem, Inc., one of the largest health care management and ins. orgs. > in US, has selected Scan-Optics to provide processing and imaging > technology. Anthem currently processes 40 million health care claims and > responds to six million customer inquiries annually > > There's more of the same, but no mention of what this might mean > to SOCR financially. It didn't seem to affect the sh price either. Maybe > tomorrow. > > Bob > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Stop loss Date: 09 Sep 1997 22:33:38 -0400 Couldn't agree more, Jack. Probably the biggest mistakes I have seen brokers and clients alike make is to try to undo the damage from a previous trade on a subsequent one. A loss is a loss, next trade is starting from scratch and must be looked at fresh and on its own merits, even if it happens to be the same stock. And you also must focus on overall portfolio performance, not just one or two particular stocks. If the portfolio is going up 20-30% even after some mistakes and blindsiding, you're doing better than a money mkt fund. (can't make an omlette without cracking a few eggs??) Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Jack Markowitz > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Stop loss > Date: Monday, September 08, 1997 7:53 PM > > WON says it is Fire Insurance. I have never had insurance that I didn't > have to pay for. So, if you use the CANSLIM system and you stick with the > 8% loss, you will pay some premiums. But you will have the insurance. > It doesn't matter if the stock goes back up, you have finished with that > trade. You will drive yourself nuts if you second guess every trade you > make. > Look at the stock again, if it seems like a CANSLIM candidate and you > want to give it a try at the then current price, then start a new trade. > The old trade is done, gone and not to be worried about. > > See ya, > Jack > jack@jackm.com > http://www.jackm.com > Jack's Picks > > > ---------- > > From: SIMMS, FRANK R. (JSC-EV4) > > To: 'canslim@mail.xmission.com' > > Subject: [CANSLIM] Stop loss > > Date: Monday, September 08, 1997 3:02 PM > > > > I too have the experience that almost all of my 10% stops quickly > > recovered and left me with a loss. When I hold on and don't exit, it > > goes lower! As a newbie I try to learn. Best guess is that a 15% stop > > is appropriate in a volatile stock when I make my normal dumb purchases. > > If one buys the stock as it is rising from a known major support level > > then a stop just under the support level is appropriate. Also, if you > > buy near the bottom of a dip then a 8-10% stop loss would be ok. It all > > depends on the volatility, timing and the price you by at. > > > > Best Wishes, > > > > Bob > ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: Re: [CANSLIM] SOCR Date: 09 Sep 1997 23:10:07 -0400 second one. which one was your first and third Tom? Tom Worley wrote: > > For what it's worth, SOCR was my *second* purchase today. I am > committed to the high growth, small float sector for probably the > next several qtrs. My only problem is lack of funds and trying to > pick among all the ones with growth rates ridiculously above their > PE (trailing or projected) rates. > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be interpreted as a recommendation > of any kind. I am a licensed (inactive) broker and an active > investor. All investors should do their own research prior to any > investment, especially one learned about on the Internet. Hopefully > my comments will better inform and educate all investors. > > tom w > > ---------- > > From: bob gibson > > To: canslim@mail.xmission.com > > Subject: [CANSLIM] SOCR > > Date: Tuesday, September 09, 1997 1:28 PM > > > > > > News item via pointcast from PR Newswire 9/9 12:41pm EDT > > Anthem, Inc., one of the largest health care management and ins. > orgs. > > in US, has selected Scan-Optics to provide processing and imaging > > > technology. Anthem currently processes 40 million health care > claims and > > responds to six million customer inquiries annually > > > > There's more of the same, but no mention of what this might mean > > to SOCR financially. It didn't seem to affect the sh price > either. Maybe > > tomorrow. > > > > Bob > > ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Date: Mon, 8 Sep 1997 14:53:20 -0400 Date: 10 Sep 1997 03:30:19 GMT On Mon, 8 Sep 1997 12:51:33 -0600, you wrote: : :I'm annoyed that I was "flushed out of the pocket" so to speak when KEG :had that huge volume/ small price drop last week. If the people who :stayed in could enlighten me as to why they did I'd appreciate it. I :assumed it would bounce back some but I was concerned the free fall :wouldn't stop for several points. : :Thanks, :Colt I gotta tell you a little story on this one. The morning I posted my order to buy KEG, it opened at 23 3/8. I think it nudged up an eighth and I looked a little later to see my execution price and was pleased to see I got in at 23 3/8. It wasn't until it hit around 26 or 27 that I noticed that my execution was actually at 24 3/8! That was the high for the day, and it was the absolute worst entry point by a goodly margin in a window of a good 12 trading days. It went down daily from there for three consecutive days while the earnings release continued to be delayed. In fact, if I had a stop loss at 8% I would have been stopped out, as it dropped to nearly 10% below my entry point before making it's reversal subsequent to the earnings release. I can laugh at it now (though it doesn't really please me), but my failing to note the correct figure spared me some suffering, even if I had not been stopped out (which of course, I wasn't). It's hard to say for sure, but I think I would have sweated out the wait until the earnings release, holding my breath. Several persons on this newsletter have suggested that an 8% stop loss rule is difficult to live with in the volatile markets we have been experiencing. Dan ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Times of posts Date: 10 Sep 1997 03:38:31 GMT To all and sundry: I've been trying to figure out when messages have been posted to this group. This is often of major interest, especially during trading sessions. Can anyone enlighten me as to how to decifer the date/time stamps to determine *what time* the message was sent off to the server? Thanks in advance. Dan ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Economic and Market Comments Date: 09 Sep 1997 23:36:27 -0400 As a followup to the Economic Calendar, and as part of my continuing soapbox lectures on mkt conditions ("M" in CANSLIM), I offer the following: The substantial increase in consumer borrowing must be a matter of concern. Estimate was for up $4.3 billion, and got 6.5 billion, and a report today shows that credit cards and other non-secured forms up sharply while home equity loans and other forms of secured borrowing was down. With personal bankruptcy rates continuing to climb (and I was one of them two years ago when my wife was no longer able to work) while consumer spending continues to spiral upward, this is a bill that will have to be paid in one form or another, just as will our obscene and excessive national debt. Nonfarm productivity for Q2 was expected to be revised upwards, but the increase exceeded most estimates (if not all) coming in at 2.7% I think (original report was for up 0.6% and expected revision was to 2.0%. This is very bullish for those watching for any Fed action, as this kind of productivity increase goes a long way towards neutralizing any increases in wage compensation. The big reports remain the two due on Friday, Retail Sales for August and PPI for August. So far, they along with the heavy supply of new debt issue (esp corporate) that came out this month seems to have put the bond mkt into the doldrums. With expectations already being set so high for these two reports (sales up 0.7%, PPI up 0.3% after seven months of the PPI falling), I am just hoping there are no whisper nrs out there. BTW, the PPI core rate is expected to be 0.1%, the difference being attributed to higher energy prices. Overall, the increase is being blamed on higher energy, reduced sales incentives on new vehicles, and increased prices for cigarettes as the tobacco cos fund the bucks they are going to be paying out in their court settlement. I know there have been some comments about the historical view that leadership by the secondaries and small cap stocks means a major correction is around the corner. I don't agree with this, but rather than spout my own reasons why, let me quote from a mkt comment I took off the Dow Jones News Svc tonight: "The ability of small cap stocks to move into the stock market's leadership position reflects two factors; the perception that many large cap and blue chip stocks are fully, if not over-valued, while small cap issues are generally undervalued; and expectations that smaller cos will post stronger earnings growth over the next several quarters, justifying higher share price multiples" ... until "the flow of money into the ongoing small cap rally ... begins to ebb, the outlook for the small cap mkt will remain bullish" ... "with earnings for small cap cos expected to continue growing, 'I don't know what would stop the flow of money into the small caps' said Meyers of J. W. Charles" ... Conventional wisdom holds that when smaller stocks assume a leadership position, it is a sign that investors have become too speculative, and that the bull mkt is on its last legs. But the role of mutual funds has created a new landscape for the mkt, and as a result, a lot of conventional wisdom is seen as obsolete" ... "investors now appear to be seeking cos with strong profits, and the promise of even stronger earnings growth ahead, as opposed to speculative new issues without proven track records" IMHO (and remember how much you paid for this aged and solemn advice), so long as we can rather casually find secondary and small cap stocks trading at trailing PEs of 15-20 with growth rates of 30, 40, even 100%, I wouldn't worry too much about this portion of the mkt becoming the leadership. It may only last a qtr or two, until the obscene amts of money flowing into it have driven it to extreme levels (so make your profits while you can). Or it may last several qtrs as a continued healthy economy and high employment permit these smaller cos to expand. And, perhaps, by then the big caps will have consolidated along with improved earnings and be ready to resume leadership with more typical PE ratios. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Kirby Benson" Subject: [CANSLIM] Stop Loss Date: 09 Sep 1997 21:53:53 -0600 There have been several posts lately on stop losses. My question is, when= you put in a stop loss price do you keep moving it up as the stock goes= up? or could you say, set it at your entry price after the stock has gone= up 10 to 15% above your entry price and then just leave it there as the= stock climbs higher? I have been reading that many people have been= stopped out lately at 10% on these smaller float stocks. Also, it is better to put in a stop order or a stop - limit order? Is one= better than the other? Any response appreciated A newbie, Kirby Benson kbenson@zianet.com ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] SOCR Date: 09 Sep 1997 23:52:23 -0400 My first was Misonix (MSON) which I mentioned previously tonight (in at 17.25 expecting to have to wait a while as it was early in its consolidation of the last move that I missed after posting here, but managed to hit a high of 19 today, with a brief high bid of 18.875, tight spread briefly for a small float stock). I learned a lesson from Market Facts (MFAC). This mkt isn't waiting around on the small float stocks. While risk is certainly increased, there is money to be made chasing small cap stocks that are already breaking out. And if you wait for the breakout to actually occur, you will be paying up, likely well over 10% above any recent "base" (which often is only a week long). I am starting to change my strategy to buying close to the end of one week bases, and just being patient. The paper trades I have done over the past month suggests I won't wait long. But you need a very nervous trigger finger, and have to be in touch with the mkt action. Volume limit minders right now appear to be the single most important indicators. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Surindra J. Singh > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] SOCR > Date: Tuesday, September 09, 1997 11:10 PM > > second one. which one was your first and third Tom? > > Tom Worley wrote: > > > > For what it's worth, SOCR was my *second* purchase today. I am > > committed to the high growth, small float sector for probably the > > next several qtrs. My only problem is lack of funds and trying to > > pick among all the ones with growth rates ridiculously above their > > PE (trailing or projected) rates. > > > > Any statements or opinions are strictly my own and not that of my > > employer. My comments should not be interpreted as a recommendation > > of any kind. I am a licensed (inactive) broker and an active > > investor. All investors should do their own research prior to any > > investment, especially one learned about on the Internet. Hopefully > > my comments will better inform and educate all investors. > > > > tom w > > > > ---------- > > > From: bob gibson > > > To: canslim@mail.xmission.com > > > Subject: [CANSLIM] SOCR > > > Date: Tuesday, September 09, 1997 1:28 PM > > > > > > > > > News item via pointcast from PR Newswire 9/9 12:41pm EDT > > > Anthem, Inc., one of the largest health care management and ins. > > orgs. > > > in US, has selected Scan-Optics to provide processing and imaging > > > > > technology. Anthem currently processes 40 million health care > > claims and > > > responds to six million customer inquiries annually > > > > > > There's more of the same, but no mention of what this might mean > > > to SOCR financially. It didn't seem to affect the sh price > > either. Maybe > > > tomorrow. > > > > > > Bob > > > ------------------------------------------------------------------------------- From: "Gess Shankar" Subject: Re: [CANSLIM] Times of posts Date: 10 Sep 1997 00:28:10 -0500 On 10 Sep 97 at 3:38, Dan Musicant wrote: > To all and sundry: > > I've been trying to figure out when messages have been posted to > this group. This is often of major interest, especially during > trading sessions. Can anyone enlighten me as to how to decifer the > date/time stamps to determine *what time* the message was sent off > to the server? Thanks in advance. > Just display the full set of internet headers using the options available to your mail agent. Taking the example of your mail and editing the headers from clarity, here is the chronology. <----- cut here --> Received: from mail.xmission.com by ec3.earthchannel.com Tue, 09 Sep 1997 23:40:32 -0400 Received: from domo by mail.xmission.com Tue, 9 Sep 1997 21:37:34 -0600 Received: from ferrari.autobahn.org by mail.xmission.com with esmtp Tue, 9 Sep 1997 21:37:31 -0600 Received: from dialup17-berkeley.autobahn.org by ferrari.autobahn.org Tue, 9 Sep 1997 20:37:27 -0700 <--- cut here ---> Converting all times to GMT: You composed and sent the message at 03:38:31 Your mail host "ferrari" got it at 03:37:27 (clock running behind) "ferrari" sent it to xmission at 03:37:31 domo (prob. mailserver) sends it back to xmission for mailing out at 03:37:34 (pretty darn quick, if the time if right) I (earthchannel) get it from xmission at 03:40:32 As the various clocks cannot be guaranteed to be synchronized, I would say that it took less than 5 minutes. Having said all this, all you are concerned about the time and date stamped by the poster's email agent. That is really the time of essence. e.g. 03:38:31 GMT, when you actually wrote this mail or the left coast time of 8:38 pm. :-) Hey, I had nothing to do past midnight, okay? Gess :::::::::::::::::::::::::::::::::::::::::::::::::::::::: Gess Shankar pax vobiscum gess@earthchannel.com http://www.earthchannel.com Earth Channel Communications, LLC. :::::::::::::::::::::::::::::::::::::::::::::::::::::::: ------------------------------------------------------------------------------- From: "Gess Shankar" Subject: [CANSLIM] Re: Small float stocks Date: 10 Sep 1997 00:36:54 -0500 On 9 Sep 97 at 23:52, Tom Worley wrote: > I learned a lesson from Market Facts (MFAC). This mkt isn't waiting > around on the small float stocks. While risk is certainly increased, I was long on MSON (Misonix), but sold it to realize the gains. May be too soon? Is there is list of small float stocks or an accessible database which will provide this information with a query like: give me stocks with float less than 2 mill. or something like that? Gess :::::::::::::::::::::::::::::::::::::::::::::::::::::::: Gess Shankar pax vobiscum gess@earthchannel.com http://www.earthchannel.com Earth Channel Communications, LLC. :::::::::::::::::::::::::::::::::::::::::::::::::::::::: ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Stop Loss Date: 10 Sep 1997 00:44:46 -0400 The basic WON rule, as expanded upon in recent seminars, is an initial stop order down 8% from your entry point provided you made a correct entry and are studying the chart for nearby support/bases. Once you have a profit in the stock, you can loosen up the stop, allowing a more volatile stock to "roam" maybe 15%. But yes, if you picked correctly, and the stock performs, you do want to move a mental or hard stop up to as the price increases so that you shift from protecting against a costly loss to protecting your profits. A choice between a stop loss and a stop limit must be made on your risk tolerance, ability to lose some of your capital, your personal ability to stay in touch with the mkt, and the stock's typical spread and volatility. There is no single answer. If the stock is heading south, with no serious rally, then a stop limit may mean you will never get your sell order executed. If the stock is slipping, but in an orderly fashion, and your limit is not that far off your stop nr, then you may be executed. As an example, I entered a stop limit on several thou shares of IOM, stop at 26.75, limit of 27. For execution if the stop was tripped, a small rally was required. Fortunately for the client, this happened and he got out at 27. But if the stock had slid to 26.5 before a small rally, he would still own the stock. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- There have been several posts lately on stop losses. My question is, when you put in a stop loss price do you keep moving it up as the stock goes up? or could you say, set it at your entry price after the stock has gone up 10 to 15% above your entry price and then just leave it there as the stock climbs higher? I have been reading that many people have been stopped out lately at 10% on these smaller float stocks. Also, it is better to put in a stop order or a stop - limit order? Is one better than the other? Any response appreciated A newbie, Kirby Benson kbenson@zianet.com ---------- ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Times of posts Date: 10 Sep 1997 00:49:25 -0400 So are all times displayed automatically in GMT no matter where they are posted? (Sorry, Jeff, this is one of those dumb computer questions I have been wanting to ask but needed a "safe" forum to do so!). Otherwise, wouldn't you need to know the time zone where posted before you could convert to GMT?? Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Gess Shankar > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Times of posts > Date: Wednesday, September 10, 1997 1:28 AM > > > Converting all times to GMT: > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re: Small float stocks Date: 10 Sep 1997 00:51:49 -0400 Considering the magnitude of the internet and the variety of software programs today, there must be, and I hope someone in the group can post a free source cuz I will go hunting for some more picks. Otherwise, I am stuck to the old fashioned way of picking thru new highs for some that meet my current criteria. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Gess Shankar > To: canslim@mail.xmission.com > Subject: [CANSLIM] Re: Small float stocks > Date: Wednesday, September 10, 1997 1:36 AM > > On 9 Sep 97 at 23:52, Tom Worley wrote: > > > > I learned a lesson from Market Facts (MFAC). This mkt isn't waiting > > around on the small float stocks. While risk is certainly increased, > > I was long on MSON (Misonix), but sold it to realize the gains. May > be too soon? > > Is there is list of small float stocks or an accessible database > which will provide this information with a query like: give me stocks > with float less than 2 mill. or something like that? > > > Gess > > :::::::::::::::::::::::::::::::::::::::::::::::::::::::: > Gess Shankar pax vobiscum > gess@earthchannel.com http://www.earthchannel.com > Earth Channel Communications, LLC. > :::::::::::::::::::::::::::::::::::::::::::::::::::::::: ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Beta testing software Date: 09 Sep 1997 22:17:30 -0400 Dear Lost, I understand there is an option in the registration process where you can check for payment by check, or phone confirm, or some such (I was an invited beta tester, so already had a user nr and password). They are not billing at present as it still is in beta testing (and I keep doing my damnest to find flaws so they will keep in in beta testing!!). If you check on that box, you will get access but not be billed for now. Once they go "live" you are supposed to be contacted, even if you used a credit card, to see if you want to continue. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Lost > To: canslim@mail.xmission.com > Subject: [CANSLIM] Beta testing software > Date: Sunday, September 07, 1997 6:05 AM > > DG software as a Beta tester, and when I followed the links and > downloaded the software, it looks like you have to pay for the > software first. This does not seem like beta testing to me. Did I do > something wrong????? > ------------------------------------------------------------------------------- From: bob gibson Subject: Re: [CANSLIM] DG Short Interest & ROI Date: 09 Sep 1997 22:51:06 I found these figures in a pile of notes on my desk, but don't remember where they came from. KEG-Short. This month-2063M Last month-2294M SOCR-Short. This month-4K Last month-6K I, also, bought SOCR this morning. I feel better knowing I'm not alone. I've been getting my info from Yahoo, Lombard, Edgar and Poincast. I couldn't get DG; it's specified for Win 95. New computer is in transit from Cybermax. At 10:24 PM 9/9/97 -0400, you wrote: >I have written to Tech Support on the lack of a float nr for SOCR >and the SI for it and KEG, they are looking into it (BTW, they are >usually pretty quick to fix a data error or omission once pointed >out, haven't checked the charts yet tonite but wouldn't be >surprised to find it fixed already). > >FYI: I used "market guide" at work and came up with a float of >4.3mil for SOCR and a short position of 4000 shares. On KEG, the >short position is reported at 2.063 mil. Don't know how current >this data is as I couldn't find the AMEX listing in IBD, perhaps >someone who saves back issues can look up the reported figure for >Key Energy and provide it for verification. I would have been in an >issue in late August around the 24th or so. I do feel somewhat >sorry for the holders of the short position on KEG (yeah, right!! >serves them right!!) ------------------------------------------------------------------------------- From: vman2 Subject: [CANSLIM] Pitbull Investor Date: 09 Sep 1997 23:03:49 -0700 Hi everyone! Does anyone use Pitbull Investor? If so, how are you doing so far? Any comments will be appreciated. Vince ------------------------------------------------------------------------------- From: RClegg Subject: [CANSLIM] SECX - opinion\introduction Date: 10 Sep 1997 00:16:28 -0600 My name Russell Clegg, I have been investing for a little less than one year. I would like to thank everyone than has made contributions to the list as I have been lurking for aprox 6 months. It has been very educational. I started by reading HTMMIS last fall and after several books I find that I do most of my trades using TA and not pure canslim ideas. I made a recent purchase ( SECX )that I thought may be a canslim canidate. I don't have the numbers for it but the chart looks like a cup w/handle. Any feed back would be valued. Russell ------------------------------------------------------------------------------- From: John Nogueira Subject: [CANSLIM] Introduction: John F. Nogueira, Jr. Date: 10 Sep 1997 02:30:38 -0400 Hello. My name is John and I've just recently subscribed to the digest version of this mailing list. I am a 23 year old student attending medical school in New York City. Though many find it hard to believe, I actually do have [some] time for "relaxing" (in other words, reading IBD and studying the markets). Right now I have my eyes set on a neurology or neurosurgery residency, though this may soon change being that I am only in second-year. I am concurrently conducting molecular research in HIV and JC Virus at The Mount Sinai Medical Center and hope to publish a worthy paper within a year. Several months ago I bought the book "How to Make money in Stocks". Though initially pessimistic of the ideas presented in this book, I went on to accept many of them by the fifth reading (no joke). Since then I have successfully bought and sold two stocks using the Canslim method. I bought MSTR off of a cup-and-handle pattern and PWAV off of a high-tight-flag. Both companies met the CANSLIM requirements to the bone and rewarded me with 20%+ gains in week(s). This week I bought [too much of] GECM during a breakout from a high-tight-flag, though this one is bothering me because of the "only-slightly-better-than-average" breakout volume and visible debt on the balance sheet. I have joined this mailing group with the hopes of determining if I was just lucky on my first two purchases, or if CANSLIM is really as remarkable as it seems. If it IS, then I'll be sure to stick around. Thanks for having me aboard, John Nogueira ........................................ 50 East 98 Street #14O2 New York, NY 10029 noguej01@doc.mssm.edu ........................................ ------------------------------------------------------------------------------- From: "Lost" Subject: Re: [CANSLIM] Index Chart Interpretation from IBD Date: 08 Sep 1997 19:44:32 +0000 test message ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Times of posts Date: 10 Sep 1997 11:57:12 GMT OK, I'll get the hang of this yet. For practice, note that I am sending this at 4:57 AM, 9/10/97. Dan On Wed, 10 Sep 1997 00:28:10 -0500, you wrote: :On 10 Sep 97 at 3:38, Dan Musicant wrote: : :> To all and sundry: :>=20 :> I've been trying to figure out when messages have been posted to :> this group. This is often of major interest, especially during :> trading sessions. Can anyone enlighten me as to how to decifer the :> date/time stamps to determine *what time* the message was sent off :> to the server? Thanks in advance. :>=20 : :Just display the full set of internet headers using the options=20 :available to your mail agent. Taking the example of your mail and=20 :editing the headers from clarity, here is the chronology. : :<----- cut here --> : :Received: from mail.xmission.com by ec3.earthchannel.com : Tue, 09 Sep 1997 23:40:32 -0400 :Received: from domo by mail.xmission.com=20 : Tue, 9 Sep 1997 21:37:34 -0600 :Received: from ferrari.autobahn.org=20 : by mail.xmission.com with esmtp=20 : Tue, 9 Sep 1997 21:37:31 -0600=20 :Received: from dialup17-berkeley.autobahn.org=20 : by ferrari.autobahn.org=20 : Tue, 9 Sep 1997 20:37:27 -0700=20 : :From: musicant@autobahn.org (Dan Musicant)=20 :To: canslim@mail.xmission.com=20 :Subject: Re: [CANSLIM] Times of posts :Date: Wed, 10 Sep 1997 03:38:31 GMT : :<--- cut here ---> : :Converting all times to GMT: : :You composed and sent the message at 03:38:31 : :Your mail host "ferrari" got it at 03:37:27 (clock running behind) :"ferrari" sent it to xmission at 03:37:31 : :domo (prob. mailserver) sends it back to xmission for mailing out at =20 :03:37:34 (pretty darn quick, if the time if right) : :I (earthchannel) get it from xmission at 03:40:32 : :As the various clocks cannot be guaranteed to be synchronized, I=20 :would say that it took less than 5 minutes. : :Having said all this, all you are concerned about the time and date=20 :stamped by the poster's email agent. That is really the time of=20 :essence. e.g. 03:38:31 GMT, when you actually wrote this mail or the=20 :left coast time of 8:38 pm. :-) : :Hey, I had nothing to do past midnight, okay? : :Gess : ::::::::::::::::::::::::::::::::::::::::::::::::::::::::: :Gess Shankar pax vobiscum = =20 :gess@earthchannel.com http://www.earthchannel.com :Earth Channel Communications, LLC.=20 ::::::::::::::::::::::::::::::::::::::::::::::::::::::::: =20 ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Introduction: John F. Nogueira, Jr. Date: 10 Sep 1997 07:50:33 -0400 Welcome to the group, John, and yes CANSLIM does work if you apply it correctly and stay disciplined (and judging by all you are already working on, can't imagine the latter being a problem). I was not familiar with GECM (Genicom), thanks for pointing it out. Just went and took a look at it at DG Online and does look attractive. It's nr 1 in its group (Computer peripheral equip) with good CS nrs. Growth has been steady, as has the price move from the $6 base now up to 14. The only neg I saw was timeliness of C and the large float compared to the issued (over 9 mil to 10 mil). On small float stocks I prefer to see management having a vested interest in equity and look for no more than a 50 to 75% float max. Without knowing the history of this co, it's possible that they did a lot of acquisitions by issuing new stock, and this might account for the larger than average float. However, the large debt would argue against this since they have been profitable for the past three years. Good luck Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: John Nogueira > To: canslim@xmission.com > Subject: [CANSLIM] Introduction: John F. Nogueira, Jr. > Date: Wednesday, September 10, 1997 2:30 AM > > Hello. My name is John and I've just recently subscribed to the digest > version of this mailing list. I am a 23 year old student attending > medical school in New York City. > only in second-year. I am concurrently conducting molecular research in > HIV and JC Virus at The Mount Sinai Medical Center and hope to publish a > worthy paper within a year. > > Several months ago I bought the book "How to Make money in Stocks". > Though initially pessimistic of the ideas presented in this book, I went > on to accept many of them by the fifth reading (no joke). Since then I > have successfully bought and sold two stocks using the Canslim method. I > and rewarded me with 20%+ gains in week(s). This week I bought [too much > of] GECM during a breakout from a high-tight-flag, though this one is > bothering me because of the "only-slightly-better-than-average" breakout > volume and visible debt on the balance sheet. > ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] SOCR Date: 10 Sep 1997 12:06:41 GMT On Tue, 9 Sep 1997 23:52:23 -0400, you wrote: << Volume limit minders right now appear to be the single most important indicators. >> << tom w >> Tom, what are *volume limit minders*? Something you watch, or program or something like that? Dan ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] TMSR breakout? Date: 10 Sep 1997 07:59:42 -0400 Thanks, Ricardo, I like it and have added it to my watch list. Nice base, longer than I have been seeing with the small caps lately, good CS nrs, some seasonal effect on business (heavy sales leading up to Christmas), #4 in group and 2.6 days short interest to boot. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Ricardo Bekin > To: CANSLIM > Subject: [CANSLIM] TMSR breakout? > Date: Tuesday, September 09, 1997 12:08 PM > > Thrustmaster is making new highs on good volume. > > Ricardo ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Times of posts Date: 10 Sep 1997 08:05:37 -0400 Dan, by chance are you in the West Coast USA time zone? Your post showed on my computer as received three hours after you posted it, which is real slow for majordomo so am suspecting my browser may be automatically converting everything to local time (for me, local that is). Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- OK, I'll get the hang of this yet. For practice, note that I am sending this at 4:57 AM, 9/10/97. Dan On Wed, 10 Sep 1997 00:28:10 -0500, you wrote: :On 10 Sep 97 at 3:38, Dan Musicant wrote: :> I've been trying to figure out when messages have been posted to :> this group. This is often of major interest, especially during :> trading sessions. Can anyone enlighten me as to how to decifer the :> date/time stamps to determine *what time* the message was sent off :> to the server? Thanks in advance. :> ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] SOCR Date: 10 Sep 1997 08:12:09 -0400 Sorry, should have explained better. On my computer at work I can set up to five limit minders on a wide variety of items including bid or offer over or under a limit, vol over a set limit, last trade over or under, news, etc. I get an audible (if I'm there to hear it, I do a lot of running around in the office) as well as a visual indicator when a limit is hit. Since my machine is officially for my "day job" I try not to load it down with too many limit minders as this slows it down, and normally I would use more price oriented limits looking for breakouts, new highs, etc. However, with the small caps I am finding that putting limits on volume, then manually checking to see how the price is acting, works better and can alert me to a stock about to make a big move before that move has completely happened. I still wait for the move to begin, but I am better prepared to act quickly. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- On Tue, 9 Sep 1997 23:52:23 -0400, you wrote: << Volume limit minders right now appear to be the single most important indicators. >> << tom w >> Tom, what are *volume limit minders*? Something you watch, or program or something like that? Dan ---------- ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Fw: [CANSLIM] SOCR Date: 10 Sep 1997 08:16:41 -0400 Don't know if this one never came back, or just my aging memory getting worse. Sorry if it's a dup. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Tom Worley > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] SOCR > Date: Tuesday, September 09, 1997 11:52 PM > > My first was Misonix (MSON) which I mentioned previously tonight > (in at 17.25 expecting to have to wait a while as it was early in > its consolidation of the last move that I missed after posting > here, but managed to hit a high of 19 today, with a brief high bid > of 18.875, tight spread briefly for a small float stock). > > I learned a lesson from Market Facts (MFAC). This mkt isn't waiting > around on the small float stocks. While risk is certainly > increased, there is money to be made chasing small cap stocks that > are already breaking out. And if you wait for the breakout to > actually occur, you will be paying up, likely well over 10% above > any recent "base" (which often is only a week long). > > I am starting to change my strategy to buying close to the end of > one week bases, and just being patient. The paper trades I have > done over the past month suggests I won't wait long. But you need a > very nervous trigger finger, and have to be in touch with the mkt > action. > > Volume limit minders right now appear to be the single most > important indicators. > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be interpreted as a recommendation > of any kind. I am a licensed (inactive) broker and an active > investor. All investors should do their own research prior to any > investment, especially one learned about on the Internet. Hopefully > my comments will better inform and educate all investors. > > tom w > > ---------- > > From: Surindra J. Singh > > To: canslim@mail.xmission.com > > Subject: Re: [CANSLIM] SOCR > > Date: Tuesday, September 09, 1997 11:10 PM > > > > second one. which one was your first and third Tom? > > > > Tom Worley wrote: > > > > > > For what it's worth, SOCR was my *second* purchase today. I am > > > committed to the high growth, small float sector for probably > the > > > next several qtrs. My only problem is lack of funds and trying > to > > > pick among all the ones with growth rates ridiculously above > their > > > PE (trailing or projected) rates. > > > > > > Any statements or opinions are strictly my own and not that of > my > > > employer. My comments should not be interpreted as a > recommendation > > > of any kind. I am a licensed (inactive) broker and an active > > > investor. All investors should do their own research prior to > any > > > investment, especially one learned about on the Internet. > Hopefully > > > my comments will better inform and educate all investors. > > > > > > tom w > > > > > > ---------- > > > > From: bob gibson > > > > To: canslim@mail.xmission.com > > > > Subject: [CANSLIM] SOCR > > > > Date: Tuesday, September 09, 1997 1:28 PM > > > > > > > > > > > > News item via pointcast from PR Newswire 9/9 12:41pm EDT > > > > Anthem, Inc., one of the largest health care management and > ins. > > > orgs. > > > > in US, has selected Scan-Optics to provide processing and > imaging > > > > > > > technology. Anthem currently processes 40 million health > care > > > claims and > > > > responds to six million customer inquiries annually > > > > > > > > There's more of the same, but no mention of what this might > mean > > > > to SOCR financially. It didn't seem to affect the sh price > > > either. Maybe > > > > tomorrow. > > > > > > > > Bob > > > > ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Times of posts Date: 10 Sep 1997 12:29:17 GMT On Wed, 10 Sep 1997 11:57:12 GMT, you wrote: :OK, I'll get the hang of this yet. For practice, note that I am :sending this at 4:57 AM, 9/10/97. : :Dan My apologies. I forgot to note that it was PDT. So, to try it again. It's now 5:29 AM, Pacific Daylight Time. Dan ------------------------------------------------------------------------------- From: Mike Lucero Subject: RE: [CANSLIM] MRVC Date: 10 Sep 1997 02:51:34 -0700 ------ =_NextPart_000_01BCBD94.86203B40 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Hi, all. I've recently started IBD and DG subscriptions, and check = DG-online. I'm wondering how to tell whether to buy MRVC's (for instance) breakout, = or wait to see if it's only the end of a cup and going to start a = handle. Because BCP is only near a new high, would one think it's more likely = going to make a handle than break out? Thanks,=20 Mike -----Original Message----- Sent: Tuesday, September 09, 1997 11:01 AM From Briefing.com: MRV Communications (MRVC) 34 3/4 +2 1/8: former high-flyer breaking = out today amidst strong volume. Issue setting new 52-week high on volume of = 1.35 mln shares vs yesterday's 619,000 and 3-month average daily volume of 330,000. = (Posted 13:06 ET). 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Subject: Re: [CANSLIM] Stop Loss Date: 10 Sep 1997 08:43:09 -0500 Me thinks WON wrote that before the advent of discount brokers. The cost of the round trip with some of them is so low that taking an 8% hit is questionable money management. I would set the Stop Limit at no more than a couple of days trading range. If you are stopped out because of a broad market sell off and you continue having confidence in the stock, buy the sucker back at a lower price and have another whack, or two, at it. Bill-->> ------------------ Tom Worley wrote: > > The basic WON rule, as expanded upon in recent seminars, is an > initial stop order down 8% from your entry point provided you made > a correct entry and are studying the chart for nearby > support/bases. ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] SECX - opinion\introduction Date: 10 Sep 1997 13:40:25 GMT On Wed, 10 Sep 1997 00:16:28 -0600, you wrote: :My name Russell Clegg, I have been investing for a little less than one :year. I would like to thank everyone than has made contributions to the :list as I have been lurking for aprox 6 months. It has been very :educational. I started by reading HTMMIS last fall and after several :books I find that I do most of my trades using TA and not pure canslim :ideas. I made a recent purchase ( SECX )that I thought may be a canslim :canidate. I don't have the numbers for it but the chart looks like a cup :w/handle. Any feed back would be valued. :Russell Hi Russell, re: SECX -- The chart looks pretty good. I like the LLUR (lower left to upper right) tendencies lately! As far as the stocks CANSLIM characteristics: -1% growth rate is not good. Successive quarters have shown decreasing earnings increases. Other than that, it's not too bad. Dan ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Stop Loss Date: 10 Sep 1997 13:45:30 GMT On Wed, 10 Sep 1997 08:43:09 -0500, you wrote: :Me thinks WON wrote that before the advent of discount brokers. The cost :of the round trip with some of them is so low that taking an 8% hit is :questionable money management. I would set the Stop Limit at no more :than a couple of days trading range. If you are stopped out because of a :broad market sell off and you continue having confidence in the stock, :buy the sucker back at a lower price and have another whack, or two, at :it. : :Bill-->> He may have written it before the advent of discount brokers, but he hasn't revised his strategies.=20 : :Tom Worley wrote: :>=20 :> The basic WON rule, as expanded upon in recent seminars, is an :> initial stop order down 8% from your entry point provided you made :> a correct entry and are studying the chart for nearby :> support/bases. : : ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] RE: Stops Date: 10 Sep 1997 09:47:17 -0400 Members-- RE: Stops I have an invariable rule about stops. Once I have a10% close in a stock, I will never take a loss on "that" purchase of the stock. Should the stock return after retreating, I am indifferent that I sold it. If the reasons for my buying are still intact, I will take another position. I will, however, never buy the stock a third time. Life goes on. If you think otherwise, you will take your errors to bed and never rise feeling refreshed. Take other things to bed--but never a mistake. I am not ignoring the fact that you may be buying in 100 lots. Commissions are onerous for small lots, and even more so for odd lots. Connie Mack [Day trader] ------------------------------------------------------------------------------- From: "Jay Cliburn" Subject: Re: [CANSLIM] Times of posts Date: 10 Sep 1997 08:02:50 -0600 > My apologies. I forgot to note that it was PDT. > > So, to try it again. It's now 5:29 AM, Pacific Daylight Time. > > Dan Here's the sequence: Dan sends the message via his ISP's dialup pool at 05:29:17 PDT. The mail host at his ISP receives the message at 05:28:12 PDT. The mail host at xmission.com receives the message at 06:28:14 MDT. Majordomo sends the message at 06:26:43 MDT. My host receives the message from xmission.com at 06:26:02 MDT. So, the bottom line is: I received the message three minutes before Dan sent it! Dang, computers are great, aren't they? Actually, the time differences arise from the variances in each of our machines' onboard clocks. This particular message sped right through the system. Unfortunately, during the busier part of the day I suspect that internet traffic combined with xmission's processing load conspire to delay messages to some extent. -- Jay Cliburn | Space Dynamics Laboratory Computational Sciences Division | 1747 North Research Park Way Jay.Cliburn@sdl.usu.edu | Logan, Utah, USA 84341 (801) 755-4317 (voice) | (801) 755-4366 (fax) New telephone numbers effective 22 September 1997 (435) 797-4317 (voice) (435) 797-4366 (fax) ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] Stop Loss Date: 10 Sep 1997 10:23:46 -0400 (EDT) In a message dated 97-09-10 09:55:38 EDT, you write: << I would set the Stop Limit at no more than a couple of days trading range. >> This is interesting, Bill. What exactly do you do with the range? Set your stop at some point below the low of the range? Use the % range from low to high during the period? Other? -----Db ------------------------------------------------------------------------------- From: "Ricardo Bekin" Subject: [CANSLIM] ISTN Date: 10 Sep 1997 09:51:40 -0500 Another breakout on good volume... http://biz.yahoo.com/bw/97/09/10/istn_y0003_1.html Ricardo ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Introduction: John F. Nogueira, Jr. Date: 10 Sep 1997 07:52:32 -0700 (PDT) At 07:50 AM 9/10/97 -0400, you wrote: >I was not familiar with GECM (Genicom), thanks for pointing it out. >Just went and took a look at it at DG Online and does look >attractive. It's nr 1 in its group (Computer peripheral equip) with >good CS nrs. Growth has been steady, as has the price move from the >$6 base now up to 14. The only neg I saw was timeliness of C and >the large float compared to the issued (over 9 mil to 10 mil). On >small float stocks I prefer to see management having a vested >interest in equity and look for no more than a 50 to 75% float max. >Without knowing the history of this co, it's possible that they did >a lot of acquisitions by issuing new stock, and this might account >for the larger than average float. However, the large debt would >argue against this since they have been profitable for the past >three years. > So how does it qualify as a CANSLIM stock? Sounds like the low insider holding and high debt would disqualify it and help explain the poor volume on the breakout? Tim Fisher tfish@spiritone.com 1995 President - Pacific Fishery Biologists Keeper of the ORE-ROCK-ON Rockhounding in Oregon Home Page http://www.spiritone.com/~tfish ------------------------------------------------------------------------------- From: blake baysinger Subject: [CANSLIM] New Product alert Date: 10 Sep 1997 09:58:46 -0500 This is a big one folks. Probably as cool as orbotech's new screen scanner was. Heres the headline, pick up the whole news on your news source.... Subj: Coherent Announces Worldwide Deployment of Bi-Directional Echo Canceller; Great BCC: AyrBlake DALLAS--(BUSINESS WIRE)--Sept. 10, 1997--Coherent Communications Systems Corporation (NASDAQ:CCSC) today announced that EC Duo has been widely deployed by key customers on an international basis. Introduced in March 1997, EC Duo is the industry's first available echo canceller solution specifically designed to eliminate bi-directional noise and echo across a digital wireless network. Coherent is exhibiting at PCS '97 in Dallas, Texas, Booth 23021. "Initial sales of EC Duo have already exceeded our early forecasts," said Dan McGinnis, chief executive officer at Coherent. ------------------------------------------------------------------------------- From: Joy Kyriakopulos Subject: [CANSLIM] WCOM Date: 10 Sep 1997 11:20:04 -0500 Hello, all! As a lurker, I'm venturing out to make another post. I was the poster who asked about DEC stock. I decided to sell it in favor of trying to do better. So, I've jumped on the bandwagon of MSON and SOCR. My broker said I could do worse, and I have. To be honest I'm a little skittish because these are only the 2nd and 3rd stocks I've ever owned. In fact, I would appreciate hearing in the future if it looks like I should sell these, because my DEC habit was to hold on much longer than I should have. It's hard to admit, but I bought these as an employee in the mid-eighties. (Ouch!) However in the past year, I've been lurking alot on the internet trying to learn as much as I can, so that's why I'm finally venturing some money on what I think I've learned. I'm also wondering what you more experienced investors think about WCOM. In Yahoo, it seems to come highly recommended by investment companies, but I don't know if it's fully valued because of that. The graph looks nice and gives the impression the stock would just continue up. I want to thank everyone who commented on my last mail about DEC and also for the willingness of everyone to tolerate, and even welcome, unexperienced posters like myself. Joy Kyriakopulos joyk@fnal.gov ------------------------------------------------------------------------------- From: Richard Mandel Subject: [CANSLIM] New breakouts Date: 10 Sep 1997 12:31:05 -0700 Hi CANSLIMers: I am back after a great vacation in Italy and am trying to catch up on the market as well as in my life. I just last week jumped back into call options in a company in which I was before I went away but had sold out, namely MDCO. I have been playing around with call options with some success. While I realize that they are not long term investments,options make me feel more comfortable investing under the current market conditions and extension. Has anyone else been using options instead of buying the underlying shares. If so please share your experience either on CANSLIM (I read the digest) or by e-mail. MDCO had another breakout last week. I guess I have to say that it doesn't seem to have much follow through. In addition I did a scan yesterday with Interactive Quote looking for new highs with 200% increases in volume (Free on Internet). Their new system is not as useful as it had been previously. The old system allows you to find a universe of stocks that are within a set percentage of their one year highs (I chose 5%) along with volume breakouts but the new system allows only to choose stocks that are already making new highs. Does anyone use Interactive quote to screen for potential stocks about to breakout? In any case the ones I found are listed as follows: Symbol G/R,EPS/R,RS,A/D Sh F% Sales Inc Earn Inc Vol% AORI N/A,58,86,B 26.6 33 111,85,73,68 50,25,22,33 350 AZZ 30,95,98,A 5.8 16 23,10,19,29 60,54,83,75 250 RESP 28,86,68,B 19.7 19 28,42,46,48 22,22,18,21 200 HYSW 19,93,90,A 17.4 30 26,29,37,26 -8.-7,250,53 150 SECX -1,68,94,A 7.1 24 46,50,41,21 71,32,35,22 300 RCMT 21,91,80,A 7.1 3 125,116,99,61 183,7,100,36 200 MDCO N/A,75,93,B 51.3 31 N/A,300,300,160 93,37,73,63 N/A The approixamte B/O and current prices are: AORI 17 3/8, 16 1/2 AZZ 19 7/8,22 1/4 RESP 26 1/2, 27 HYSW 30 3/8, 31 11/16 SECX 16 3/4, 17 5/8 RCMT 11 3/4, 14 5/8 MDCO 25 7/8, 26 1/2 I will study these companies a little more carefully before making commitments and would appreciate feedback. This advice is worth what you paid for it and any advice I get in return will be scrutinized with the same in mind. Ciao, Rich ------------------------------------------------------------------------------- From: "Jay Cliburn" Subject: Re: [CANSLIM] WCOM Date: 10 Sep 1997 10:56:45 -0600 Joy, I have a special interest in WorldCom, inasmuch as it is one of the very few large corporations with headquarters in my home state of Mississippi. It is the ONLY Fortune 500 company headquartered in Mississippi. As a result, I follow its doings fairly closely. I do not own any of its stock. The following numbers come from Daily Graphs and IBD. WCOM has an excessively large float -- by CANSLIM standards anyway -- of 883.8 million shares. Funds and banks own a combined 34% of it. RS is 80. EPS is 4. Annual EPS have been choppy: 1991 0.20 1992 -0.02 1993 0.41 1994 -0.48 1995 0.64 1996 1.02 Quarterly EPS have likewise been unstable: 09/30/96 0.27 v 0.18 +50% 12/31/96 0.29 v 0.16 +81% 03/31/97 0.05 v 0.21 -76% 06/30/97 0.08 v 0.25 -68% Much of WCOM's earnings variation is related to acquitision costs. As you well know, WCOM announced a deal Monday whereby it intends to acquire Compuserve's and AOL's network infrastructure, among other things, for approximately $1.2B. Investors have reacted favorably to this news. In a larger sense, the company has been on an acquisition binge of late. Back in 94 (I think), it acquired WilTel. Last year it acquired MFS (who had recently acquired UUnet). There have been other acquisitions as well, but the WilTel/MFS/UUnet/AOL/Compuserve deals are the most notable. These most recent acquisitions are clear evidence that the company wishes to accomplish two main goals: 1. Establish a stronger foothold in local phone markets. 2. Establish a dominant position in the internet infrastructure arena. Uncertainty in the telecom industry surrounding the final implementation of the Telecommunications Act of 1996 should weigh heavily in your investment decision. Watch closely for news and court decisions related to the Act. My take on WCOM is that it'd be a good long-term play, but it really isn't a typical CANSLIM candidate. Hope this helps. Regards, -- Jay Cliburn | Space Dynamics Laboratory Computational Sciences Division | 1747 North Research Park Way Jay.Cliburn@sdl.usu.edu | Logan, Utah, USA 84341 (801) 755-4317 (voice) | (801) 755-4366 (fax) New telephone numbers effective 22 September 1997 (435) 797-4317 (voice) (435) 797-4366 (fax) ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] New breakouts Date: 10 Sep 1997 16:18:09 -0400 (EDT) In a message dated 97-09-10 13:37:50 EDT, you write: << I am back after a great vacation in Italy >> First of all, Rich, drop dead Second, regarding options. I used to do a lot of this when commissions were so high and my portfolio wasn't as large. Nowadays, however, I don't see the point. Given the sharp decrease in the cost of commissions and the sometimes ridiculous premiums one has to pay for options, you might be better off just buying the shares. If your portfolio isn't very large, buy small amounts (there's no longer any penalty for this--used to be, which is another reason I tried options). Not only is it safer, but it provides excellent practice. When you feel more confident (I'm assuming you're fairly new at this; if not, my apologies), you can then take larger stakes and reap the rewards thereof. Then of course, there's the cost of the contract (the fee your broker charges, not the premium you pay for the option). Add it all up and it's not always as attractive as it seems. Just my experience. Take it FWIW. As far as MDCO goes, this should give you a nice ride. Good luck to both of us on it. ----Db ------------------------------------------------------------------------------- From: "Bill S." Subject: Re: [CANSLIM] Stop Loss Date: 10 Sep 1997 20:21:51 -0500 Db, I look back two trading days and set my Stop Limit at the lowest price, less 1/16. If its a LLUR type chart, the % varies with the slope. I've tested some to determine % to compare with WON's recommendations and my way is a bit tighter in most instances. But then I don't fret if stopped out. If the stock is solid, $30 will get me back in the hunt, at a lower price, in most instances. Obviously, you have to be watching the action when playing with tight stops or you will miss getting back in, if there is a rebound. Bill-->> -------------------- Dbphoenix@aol.com wrote: > > In a message dated 97-09-10 09:55:38 EDT, you write: > > << I would set the Stop Limit at no more > than a couple of days trading range. >> > > This is interesting, Bill. What exactly do you do with the range? Set your > stop at some point below the low of the range? Use the % range from low to > high during the period? Other? > > -----Db ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Introduction: John F. Nogueira, Jr. Date: 10 Sep 1997 21:07:35 -0400 The only CS item that I noted as less than good/excellent is the timeliness, and this is only a minor factor to me. The other items that are less than desirable (larger float, high debt) do not disqualify it against the excellent standing in the group, the chart, the RS, EPS, earnings and revenue growth, etc. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Tim Fisher > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Introduction: John F. Nogueira, Jr. > Date: Wednesday, September 10, 1997 10:52 AM > > At 07:50 AM 9/10/97 -0400, you wrote: > > >I was not familiar with GECM (Genicom), thanks for pointing it out. > >Just went and took a look at it at DG Online and does look > >attractive. It's nr 1 in its group (Computer peripheral equip) with > >good CS nrs. Growth has been steady, as has the price move from the > >$6 base now up to 14. The only neg I saw was timeliness of C and > >the large float compared to the issued (over 9 mil to 10 mil). On > >small float stocks I prefer to see management having a vested > >interest in equity and look for no more than a 50 to 75% float max. > >Without knowing the history of this co, it's possible that they did > >a lot of acquisitions by issuing new stock, and this might account > >for the larger than average float. However, the large debt would > >argue against this since they have been profitable for the past > >three years. > > > So how does it qualify as a CANSLIM stock? Sounds like the low insider > holding and high debt would disqualify it and help explain the poor volume > on the breakout? > > Tim Fisher > tfish@spiritone.com > 1995 President - Pacific Fishery Biologists > Keeper of the ORE-ROCK-ON Rockhounding in Oregon Home Page > http://www.spiritone.com/~tfish > ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] Stop Loss Date: 10 Sep 1997 21:26:58 -0400 (EDT) In a message dated 97-09-10 00:57:03 EDT, you write: << A choice between a stop loss and a stop limit must be made on your risk tolerance, ability to lose some of your capital, your personal ability to stay in touch with the mkt, and the stock's typical spread and volatility. There is no single answer. If the stock is heading south, with no serious rally, then a stop limit may mean you will never get your sell order executed. If the stock is slipping, but in an orderly fashion, and your limit is not that far off your stop nr, then you may be executed. >> It's also worth knowing if your stop is near a major support level, in which case it may pay to focus on that level rather than a percentage or point-based stop. I may have mentioned this on this board before. If so, my apologies. I get confused. -----Db ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Times of posts Date: 10 Sep 1997 21:16:12 -0400 Yep, it worked, my receive time is almost exactly three hours later, or the same when adjusted for the three hour time difference, so obviously my system is converting times to my local for easy reference. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- On Wed, 10 Sep 1997 11:57:12 GMT, you wrote: :OK, I'll get the hang of this yet. For practice, note that I am :sending this at 4:57 AM, 9/10/97. : :Dan My apologies. I forgot to note that it was PDT. So, to try it again. It's now 5:29 AM, Pacific Daylight Time. Dan ---------- ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] MSON (was WCOM) Date: 10 Sep 1997 21:25:48 -0400 Learned something today to my regret, can't believe I missed it before. MSON (Misonix) is a small cap stock, thus is not marginable. Tried to reach the company today to see if they have plans to list NMS, will try again tomorrow. Of interest is that the CEO serves as the investor relations person, unusual to have someone that high up do this job, of course means he controls the news and "leaks". Also of late breaking news on MSON, they announced after the close a 3:2 split to take effect in October. I did learn they have a website, which I haven't visited yet, at http://www.misonix.com On WCOM, I haven't looked at a chart recently, but do know some of the brokers in my office have been buying it, however they are not TA based for the most part. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Joy Kyriakopulos > To: CANSLIM@xmission.com > Subject: [CANSLIM] WCOM > Date: Wednesday, September 10, 1997 12:20 PM > > Hello, all! > > As a lurker, I'm venturing out to make another post. I was the poster > who asked about DEC stock. I decided to sell it in favor of trying > to do better. So, I've jumped on the bandwagon of MSON and SOCR. My > broker said I could do worse, and I have. To be honest I'm a little > skittish because these are only the 2nd and 3rd stocks I've ever owned. > In fact, I would appreciate hearing in the future if it looks like I > should sell these, because my DEC habit was to hold on much longer > than I should have. It's hard to admit, but I bought these as an > employee in the mid-eighties. (Ouch!) However in the past year, I've > been lurking alot on the internet trying to learn as much as I can, so > that's why I'm finally venturing some money on what I think I've learned. > > I'm also wondering what you more experienced investors think about > WCOM. In Yahoo, it seems to come highly recommended by investment > companies, but I don't know if it's fully valued because of that. > The graph looks nice and gives the impression the stock would just > continue up. > > I want to thank everyone who commented on my last mail about DEC and > also for the willingness of everyone to tolerate, and even welcome, > unexperienced posters like myself. > > Joy Kyriakopulos > joyk@fnal.gov ------------------------------------------------------------------------------- From: "S Menon" Subject: [CANSLIM] Ticker (ARMS etc) Date: 10 Sep 1997 19:15:58 PDT Thought some of you might be interested: >HOW TO USE THE CNBC TICKER TO FOLLOW THE MARKET: > >The Ticker is a continuous display of numbers and >symbols that helps you understand the buying and >selling activity of each business day. > >The CNBC Ticker provides useful information about >market indices, stock prices and commodity futures. > >This guide will show you how to follow the Ticker+s >upper and lower bands, and what information you can >find on a typical business day. > > >THE UPPER BAND: > >8:00 a.m. to 9:30a.m. (ET) >An alphabetical recap of New York Stock Exchange closing >prices from the previous day's close. Commodity futures >quotes begin running at 8:00 a.m. and are shown at >:01, :11, :21, :31, :41 and :51 after the hour, >in real time. These commodity prices run until >7:30 p.m. (ET). > >9:30 a.m. to 4:00 p.m. (ET) >Display of real time stock prices, the change from the previous >day's close and volume data for selected trades on the >New York Stock Exchange. > >4:00 p.m. to 7:30 p.m. (ET) >An alphabetical recap of New York Stock Exchange closing >prices for all the stocks that traded that day with the >amount of change from the previous days close. The >commodity futures trading recap also appears. > >THE LOWER BAND: > >8:00 a.m. to 9:30 a.m. (ET) >An alphabetical recap of American Stock Exchange and >Nasdaq closing prices from the previous day's close, >punctuated by market summaries. This recap displays >all stocks that have traded at least once in the >previous 20 sessions. > >9:30 a.m. to 9:45 a.m. (ET) >CNBC's real time market summary repeats uninterrupted for >15 minutes. > >9:45 a.m. to 4:15 p.m. (ET) >CNBC's market summary reports continue along with selected >American Stock Exchange and Nasdaq stock trades. >AMEX and Nasdaq trades are delayed by 15 minutes. > >4:15 p.m. to 7:30 p.m. (ET) >An alphabetical recap of issues that traded that day on the >American Stock Exchange and Nasdaq with their changes from >the previous day's close, punctuated by market summaries. > > >TYPICAL TRADES: > >HAL 118 +1/4 .. HAL is the stock symbol, 118 is the price at >which the trade was made, +1/4 indicates the stock is up >1/4 from the previous day's close. (The "composite" close is the >last trade of the day on any of the nation's major exchanges,^M >not necessarily the stock's primary exchange.)^M >^M >CDS 15s22 -3/4 .. CDS is the stock symbol, "s" stands for >shares, so 15s designates the volume of the trade with the last two >zeroes omitted (1500 in this example), 22 is the price, -3/4 >indicates the stock is down 3/4 from the previous day's close. > >NCR 11.000s55 .. NCR is the stock symbol, 11.000s >designates the volume of the trade (zeroes are not omitted >if the volume is over 10,000 shares), 55 is the price. > >Stock prices are expressed in U.S. Dollars and fractional >parts of U.S. Dollars. For example, a stock price of >26-1/2 equals $26.50. Fractions are written out on the >ticker except for sixteenths, which are designated using >an apostrophe. For example, 2'3 +'5 on the ticker equals >2-3/16, up 5/16. > >A "class" of a company+s shares are indicated by a period >and the letter corresponding to the class. Thus, VIA.B >are the Class "B" shares of Viacom. (Some companies >issue separate -classes- of stock with specific rights >or characteristics. For example, different classes may >have different voting rights.) > >Preferred shares are designated with a PR after the >symbol. For example, Fpr would be used for Ford+s >preferred shares. FprB indicates Ford+s Class B >preferred shares. (Preferred shares give their owner >a claim ahead of common stockholders to a company+s >earnings and assets. They generally pay a fixed >dividend that+s determined when the shares are issued.) > >The letters "WI" after a stock symbol indicates >"when issued" trading. That+s trading between the >time a new security is announced and the time when >certificates are actually issued. > >Due to the large number of trades, the ticker is unable >to show every transaction. Our computer selects which >trades to show, based on factors including the number of >shares and the movement in price from the previous trade. >The larger the volume or the price movement, the greater >the chances that the trade will be included on the ticker. > > >COMMODITY FUTURES SYMBOL GUIDE: > >The first two letters of a Commodity Symbol indicate the >name of the Commodity. (There are a few commodities with >one-letter symbols) The third number indicates the month >of the contract for that commodity. > >Commodity Sym. Commodity Sym. > -------------- ----- ------------- ----- >S&P 500 SP Platinum PL >S&P 400 MD Palladium PA >Russell 2000 RL Copper HG >NYSE Index YX Corn C >Nasdaq 100 ND Wheat W >Nikkei 225 Ind. NK Soybeans S >Value Line KV Soybean Oil BO >T-Bonds US Soybean Meal SM >T-Bills TB Oats O >Eurodollars ED Live Cattle LC >Federal Funds FF Feeder Cattle FC >2-Year T-Note TU Goldman Sachs >5-Year T-Note FV Commodity Index GI >10-Year T-Note TY Live Hogs LH >Libor 1-month EM Pork Bellies PB >Muni-Bonds MB Cotton CT >Dollar Index DX Lumber LB >Swiss Franc SF Crude Oil CL >Deutschemark DM Heating Oil HO >Japanese Yen JY Unleaded Gasoline HU >British Pound BP Natural Gas NG >Canadian Dollar CD Sugar SB >Australian Dollar AD Coffee KC >CRB Index CR Cocoa CC >Gold GC Orange Juice JO >Silver SI > > > >Month Due Symbol Month Due Symbol > ---------------- ------ ------------- ------ >January F July N >February G August Q >March H September U >April J October V >May K November X >June M December Z > > > > >GLOSSARY OF MARKET SUMMARY COMPONENTS: > > >Stock Exchanges > >New York Stock Exchange: The NYSE is also known as the >Big Board. Listing more than 3,275 stocks, the NYSE >generally lists the oldest, largest and best-known >companies in the United States. Stocks are exchanged on a >trading floor located on Wall Street in New York City. > >The Nasdaq Stock Market: Includes the Nasdaq Stock Market >and Nasdaq National Market, or NNM. There is no physical >exchange where stocks are traded. Instead, prices are >determined and trades are made on computer screens at >brokerages around the country. The Nasdaq Stock Market is >not synonymous with the over-the-counter market. The more >than 5,000 Nasdaq-listed companies trade in a highly >structured environment which has listing standards, >real-time trade reporting, corporate governance >requirements, affirmative obligations for market makers, >execution services and automatic linkages with clearance >and settlement facilities. This cannot be said of the >approximately 5,000 OTC securities. > >American Stock Exchange: Listing approximately 940 stocks, >the AMEX lists smaller, younger companies. The AMEX >trading floor is in New York City. > > >Futures Exchanges (Chicago) > >Chicago Board of Trade (CBT): Grains, bonds and short-term >interest rates. > >Chicago Mercantile Exchange (CME): Livestock, currencies >and stock index futures. > > >Futures Exchanges (New York) > >The Commodities Exchange (COMEX): Precious Metals, Copper >and Aluminum > >New York Cotton Exchange (NYCE): Cotton and Dollar Index > >New York Mercantile Exchange (MERC): Petroleum and >Precious Metals > >Coffee, Sugar and Cocoa Exchange (CSCE) > > >INDICES, AVERAGES AND OTHER MARKET INDICATORS IN THE CNBC >MARKET SUMMARY > >DJIA: The Dow Jones Industrial Average, also referred >to as "The Dow." The Average is calculated using a >formula and the common stock prices of 30 major U.S. >industrial companies listed on the New York Stock >Exchange. > >TRAN: The Dow Jones Transportation Average is >calculated using the prices of 20 airline, trucking and >railroad company stocks. > >UTIL: The Dow Jones Utility Average is a group of 15 >gas, electric and power company stocks. > >DJCOMP: The Dow Jones 65 Composite Average is calculated >from the average of all the stocks in the Dow Jones >Industrial, Transportation and Utility Averages. > >S&P 500: The Standard & Poor's 500 Index is calculated >using the stock prices of 500 relatively large companies >as measured by capitalization. (Capitalization is the >value of a company as measured by the market price of its >common shares multiplied by the total number of shares >that have been issued.). The S&P 500 is widely used as >an indicator of stock market trends and for futures >trading strategies. The Index is market-weighted, which >means the component stocks affect the Index in direct >proportion to the dollar value of the shares outstanding. >The components of the Index can change, as S&P adds or >deletes stocks to reflect changing conditions. > >The Standard & Poor's 500 is also broken down into >smaller industry segments which are monitored separately. >These segments are industrial (400 companies), >transportation (20 companies), utilities (40 companies) >and financial (40 companies.) > >PREM and FV: The PREM Value Index and Fair Value are >useful in determining when computer driven "buy" >or "sell" programs are likely. Through computer >programs, traders take advantage of premiums or >discounts between the current price of stocks >and stock index futures. Comparing the actual >index to the futures contract, a trader will >quickly sell the more expensive of the two and >buy the less expensive. This computer-based >activity (known as "program trading") can often >accentuate sudden swings in the price of certain >stocks, or cause dramatic shifts in the entire market. >Fair Value is a figure calculated once each day. >It+s what traders believe is the "proper" or >"fair" difference between the current price >of stocks and futures, based on interest rates >and other factors. > >In general, when the PREM is significantly >higher than the Fair Value, buy programs are >likely to occur. When the PREM is significantly >lower, sell programs are likely. As a contract >moves toward expiration, the difference between >the future and cash price will diminish. >As a result, the premium or discount needed >for a buy or sell program will also get smaller. > >30-YR YLD: The yield of the most recently issued 30-year >U.S. Treasury Bond. This is widely used as a benchmark >for long-term interest rates. Due to limited data >availability, it is only shown between 9 a.m. and 3 p.m. >Eastern. > >XMI: The Major Market Index is a price-weighted index of >20 stocks. It is the basis for options traded at the >AMEX and futures traded at the Chicago Board of Trade. > >OEX: Known as the S&P 100, this is used by the Chicago >Board Options Exchange to trade stock index options. > >NYSE: The NYSE Composite Index, a capitalization- >weighted index of all common stocks listed >on the New York Stock Exchange, is the basis for options >and futures traded on the New York Stock Exchange. > >TICK: This is a very short-term trading indicator. It >is the difference between the number of NYSE stocks >trading at a price higher than the previous trade >("uptick") and the number of stocks trading at a lower >price than the previous trade ("downtick"). That is, >TICK = Number of stocks moving higher minus the number of >stocks moving lower. A large positive tick (the number >usually ranges between -600 and +600) generally means the >market is attracting more buyers than sellers. The >opposite is true of a large negative number. The >direction of the tick is important. If it is moving in >a positive direction, (-100, 0, +150), it means the >market is moving upward. If the tick is moving in a >negative direction (+100, 0, -150), it means the market >is going down. > >ARMS: This used to be called the Trin, or the >short-term trading index. It is the ratio of the >quotient of advancing issues divided by declining issues >and up volume divided by down volume. > > Advancing Issues / Up Volume > -------------------------------- = ARMS Index > Declining Issues / Down Volume > >The direction of the ARMS Index is most important. >A falling ARMS signals a strong market, >while a rising ARMS suggests weakness ahead. >The normal range is from 0.5 to 2.0. > >NY ADV: The number of stocks on the New York Stock >Exchange that have increased in price from the previous >day's close. > >DEC: The number of NYSE stocks that have decreased in >price from the previous day's close. > >UNCH: The number of NYSE stocks trading at the same >price as the previous day's close. > >NY VOL UP: The number of shares that have been traded >for NYSE stocks that have increased in price from the >previous day's close. > >DN: The number of shares that have been traded for NYSE >stocks that have decreased in price from the previous >day's close. > >TOT: The total number of shares that have been traded in >NYSE stocks during the current trading day. > >VAL: The Value Line Index is an arithmetic average of >1700 stocks compiled by Value Line. It is the basis for >options traded on the Philadelphia Board of Options >Exchange. > >MID: The S&P MidCap 400 Index is calculated using the >price of 400 medium-sized U.S. companies. > >WSX: The Wilshire Small Cap Index measures the >performance of companies with relatively small >capitalizations. It is a market-weighted index that >includes 250 stocks, chosen on the basis of their market >capitalization, liquidity and industry group >representation. The Small Cap Index originates from the >Wilshire Next 1750 Index, a benchmark for institutional >investors in the small cap sector. > >SOX: The Philadelphia Stock Exchange's Semiconductor >Sector index measures the performance of some of the >largest and most widely-held U.S. computer chip stocks. >This price-weighted index is made up of 16 stocks, >including Intel, Micron Technology and Texas Instruments. > >MSH: The Morgan Stanley High-Technology 35 Index is >designed to measure the performance of the electronics- >based technology industry. Hewlett-Packard, IBM and >Microsoft are among the 35 stocks in this >equal-dollar weighted index. > >BKX: The Philadelphia Stock Exchange/Keefe, Bruyette & >Woods Bank Sector index is composed of stocks >designed to represent national money center banks and >leading regional institutions. It is a capitalization- >weighted index. BancOne, Citicorp and Wells Fargo are >among the 24 stocks in this index. > >CRB: The Bridge Commodity Research Bureau Price >Index tracks 17 commodities. A decline in the CRB >indicates commodities prices are falling, which can signal >lower inflation and interest rates, possibly leading to >higher bond prices. > >XOI: The AMEX Oil Index includes 16 oil stocks. An >increase can indicate rising oil prices, which may lead >to increased inflation. > >XAU: The Gold and Silver Index is comprised of seven >stocks on the New York and American Stock Exchanges. Some >investors consider gold to be a "safe haven." As a result, >its price often goes up in times of inflation, >international finance crises and threats of war. > > >AMEX AND NASDAQ SUMMARIES: > >These summaries provide information about each of these >exchanges, including the number of advancing and declining >issues and up and down volume. > >AMEX: The American Stock Exchange AMEX Composite Index >includes all common stocks listed on the American Stock >Exchange. > >NMS COMP: Nasdaq's National Market System Composite is >an index of all issues traded over-the-counter on the >Nasdaq National Market System > > ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] ISTN Date: 11 Sep 1997 02:36:11 GMT On Wed, 10 Sep 1997 09:51:40 -0500, you wrote: :Another breakout on good volume... : :http://biz.yahoo.com/bw/97/09/10/istn_y0003_1.html : :Ricardo This is undeniable. However, it evidently failed as the stock finished up only 1/8 point (1.54%) for the day after surging up to 8 3/4 (10.8%). It finished at the low for the day, 8 1/4. Dan ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] New Product alert Date: 11 Sep 1997 02:40:58 GMT On Wed, 10 Sep 1997 09:58:46 -0500, you wrote: : :This is a big one folks. Probably as cool as orbotech's new screen = scanner=20 :was. Heres the headline, pick up the whole news on your news source.... Why did the stock trade on less than average volume and make 0.00% change if this is big news? The release as reported at yahoo.com was at 7:10 AM, EDT. Dan :Subj: Coherent Announces Worldwide Deployment of Bi-Directional Echo=20 :Canceller; Great :Date: 97-09-10 08:04:23 EDT :From: AOL News :BCC: AyrBlake : : DALLAS--(BUSINESS WIRE)--Sept. 10, 1997--Coherent :Communications Systems Corporation (NASDAQ:CCSC) today announced :that EC Duo has been widely deployed by key customers on an :international basis. Introduced in March 1997, EC Duo is the :industry's first available echo canceller solution specifically :designed to eliminate bi-directional noise and echo across a digital :wireless network. Coherent is exhibiting at PCS '97 in Dallas, :Texas, Booth 23021. : "Initial sales of EC Duo have already exceeded our early :forecasts," said Dan McGinnis, chief executive officer at Coherent. =20 : ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] New breakouts Date: 11 Sep 1997 02:57:10 GMT On Wed, 10 Sep 1997 12:31:05 -0700, you wrote: :Hi CANSLIMers: : :I am back after a great vacation in Italy and am trying to catch up on :the market as well as in my life.=20 : :I just last week jumped back into call options in a company in which I :was before I went away but had sold out, namely MDCO. I have been :playing around with call options with some success. While I realize :that they are not long term investments,options make me feel more :comfortable investing under the current market conditions and :extension. Has anyone else been using options instead of buying the :underlying shares. If so please share your experience either on CANSLIM :(I read the digest) or by e-mail. MDCO had another breakout last week.=20 :I guess I have to say that it doesn't seem to have much follow through.=20 :In addition I did a scan yesterday with Interactive Quote looking for :new highs with 200% increases in volume (Free on Internet). Their new :system is not as useful as it had been previously. The old system :allows you to find a universe of stocks that are within a set percentage :of their one year highs (I chose 5%) along with volume breakouts but the :new system allows only to choose stocks that are already making new :highs. Does anyone use Interactive quote to screen for potential stocks :about to breakout? : :In any case the ones I found are listed as follows: : :Symbol G/R,EPS/R,RS,A/D Sh F% Sales Inc Earn Inc Vol% :AORI N/A,58,86,B 26.6 33 111,85,73,68 50,25,22,33 350=20 :AZZ 30,95,98,A 5.8 16 23,10,19,29 60,54,83,75 250 :RESP 28,86,68,B 19.7 19 28,42,46,48 22,22,18,21 200 :HYSW 19,93,90,A 17.4 30 26,29,37,26 -8.-7,250,53 150 :SECX -1,68,94,A 7.1 24 46,50,41,21 71,32,35,22 300 :RCMT 21,91,80,A 7.1 3 125,116,99,61 183,7,100,36 200 :MDCO N/A,75,93,B 51.3 31 N/A,300,300,160 93,37,73,63 N/A : :The approixamte B/O and current prices are: : :AORI 17 3/8, 16 1/2 :AZZ 19 7/8,22 1/4 :RESP 26 1/2, 27 :HYSW 30 3/8, 31 11/16 :SECX 16 3/4, 17 5/8 :RCMT 11 3/4, 14 5/8 :MDCO 25 7/8, 26 1/2 : :I will study these companies a little more carefully before making :commitments and would appreciate feedback. This advice is worth what :you paid for it and any advice I get in return will be scrutinized with :the same in mind. : :Ciao, :Rich Of these, the best obvious numbers belong to AZZ. I checked them out and don't like the chart too much. However, even stronger in the group (tops) with GRS of 94, is PWAV, which had a failed breakout about a week ago and has been basing nicely for a good month. I think this stock is worth watching.=20 Dan ------------------------------------------------------------------------------- From: "Gess Shankar" Subject: Re: [CANSLIM] Times of posts Date: 11 Sep 1997 00:43:21 -0500 On 10 Sep 97 at 21:16, Tom Worley wrote: > Yep, it worked, my receive time is almost exactly three hours > later, or the same when adjusted for the three hour time > difference, so obviously my system is converting times to my local > for easy reference. > Mail agents interpret the headers and present them in one of several configurable forms (depending on the mail agent). But RFC822 specifies the standard formats for the SMTP headers and compliant mail message must use one of those formats. Most often, the formats used are: GMT or local time with offset from GMT. MSMail which you use writes your time as follows: which puts you in EDT time zone. (-0400 is the GMT offset). At last - some topic I know something about. :-) Back to CAN SLIM. Gess :::::::::::::::::::::::::::::::::::::::::::::::::::::::: Gess Shankar pax vobiscum gess@earthchannel.com http://www.earthchannel.com Earth Channel Communications, LLC. :::::::::::::::::::::::::::::::::::::::::::::::::::::::: ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] Stop Loss Date: 11 Sep 1997 00:45:45 -0400 (EDT) In a message dated 97-09-10 22:56:44 EDT, you write: << Db, I look back two trading days and set my Stop Limit at the lowest price, less 1/16. If its a LLUR type chart, the % varies with the slope. I've tested some to determine % to compare with WON's recommendations and my way is a bit tighter in most instances. But then I don't fret if stopped out. If the stock is solid, $30 will get me back in the hunt, at a lower price, in most instances. Obviously, you have to be watching the action when playing with tight stops or you will miss getting back in, if there is a rebound. Bill-->> >> Thanks, Bill. If you don't mind, I'd like to share this idea with the CS people on AOL. ----Db ------------------------------------------------------------------------------- From: "John R. Allen" Subject: [CANSLIM] Stop loss vs stop limit Date: 10 Sep 1997 22:08:45 -0700 Hiya group, A question re the stop loss discussion recently. What's the difference between a stop loss and a stop limit. I recently read in an article someone had on a stock "stop 95/limit 90". I think I understand a stop, but limit? and used together what does that do? THX jra ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Stop loss vs stop limit Date: 11 Sep 1997 07:31:33 -0400 In your example the order would be activated when the stock traded 95, and at that time become a limit order at a price of 90 or better. Assuming this is a sell stop limit, if the stock gapped down on the open to 85 and didn't recover to 90, then you would still own the stock. If it gapped down to 92, then you would sell somewhere in the vicinity of 92. In a sell stop at 95, which would convert to a market sell upon activation of a trade at 95 or less, you would sell around 85 in the first example and 92 in the second. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: John R. Allen > To: canslim discussion grp > Subject: [CANSLIM] Stop loss vs stop limit > Date: Thursday, September 11, 1997 1:08 AM > > Hiya group, > A question re the stop loss discussion recently. What's the difference > between a stop loss and a stop limit. I recently read in an article > someone had on a stock "stop 95/limit 90". I think I understand a stop, > but limit? and used together what does that do? > THX > jra ------------------------------------------------------------------------------- From: "Chuck" Subject: [CANSLIM] O'Shaughessy's Book - What works on wall street Date: 11 Sep 1997 08:50:19 -0500 Anyone read "What Works on Wall Street? I am about finished. The bottom line is his research says that CANSLIM doesn't work. He doesn't address it specifically but has a chapter on buying based on 5 year earnings and a chapter based on 1 year earnings growth. His book seems to be geared toward institutional investors though. For example in each model he buys and holds for one year 50 stocks. He gives the total annualized return on the portfolio but doesn't break the data down into how many of the 50 made money and how many lost money. Since his annualized returns are somewhere in the neighborhood of 18-20% for his best models over 40 years, I am guessing that of the 50 stocks several lost money. Any thoughts on this work and what it says about EPS growth moving stocks? Chuck ------------------------------------------------------------------------------- From: "Jason P. Butler" Subject: Re: [CANSLIM] Stop loss vs stop limit Date: 11 Sep 1997 01:35:27 -0500 (CDT) Correct me if I'm wrong, but I believe that means that if the stock trades below 95, then a limit order will be placed to sell the stock ($90 at the cheapest) Jason On Wed, 10 Sep 1997, John R. Allen wrote: > Hiya group, > A question re the stop loss discussion recently. What's the difference > between a stop loss and a stop limit. I recently read in an article > someone had on a stock "stop 95/limit 90". I think I understand a stop, > but limit? and used together what does that do? > THX > jra > > ------------------------------------------------------------------------------- From: Jonathan Polito - Lucent ASCC Subject: Re: [CANSLIM] O'Shaughessy's Book - What works on wall street Date: 11 Sep 1997 10:14:24 -0400 I read the book a year ago, so my memory may not serve me...but while at first glance he seems to show CANSLIM doesn't work well, his model doesn't include money management (aka profit protection). So if you bought a stock that rocketed from 20 to 80 in 6 months, and then fell back to 18 at year end, you would show an annualized loss. A CANSLIMer would have bailed out long before for a nice profit. Correct me if I am wrong. I think his research is valuable and his mutual funds are doing well. But you have have to apply your own circumstances... - Jonathan. ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: Re: [CANSLIM] O'Shaughessy's Book - What works on wall street Date: 11 Sep 1997 10:49:18 -0400 Chuck wrote: > Anyone read "What Works on Wall Street? I am about finished. The > bottom > line is his research says that CANSLIM doesn't work. He doesn't > address it > specifically but has a chapter on buying based on 5 year earnings and > a > chapter based on 1 year earnings growth. > > His book seems to be geared toward institutional investors though. > For > example in each model he buys and holds for one year 50 stocks. He > gives > the total annualized return on the portfolio but doesn't break the > data > down into how many of the 50 made money and how many lost money. > > Since his annualized returns are somewhere in the neighborhood of > 18-20% > for his best models over 40 years, I am guessing that of the 50 stocks > > several lost money. > > Any thoughts on this work and what it says about EPS growth moving > stocks? > > Chuck Chuck; members-- The guest on CNBC this morning said he ran a filter on holding a portfolio for 12 months and 18 months. Even with the "tax," the 12 month "performed far beyond the 18 month." Connie Mack ------------------------------------------------------------------------------- From: blake baysinger Subject: RE: [CANSLIM] New Product alert Date: 11 Sep 1997 10:27:55 -0500 Excellent Question Dan. All I know is, Current PCS and Digital cellular technology has a big problem with what the new technology purports to fix. As capacity grows(est raised from 350,000,000 new subs to 550,000,000 new subs b4 2K), Analog, While clearer, will be replaced or partnered with digital in our country and probably around the world. In marketing, Its the first and not the best who usually winds up owning the market. It appears to me that they are first and that the technology has a huge sales capability. -----Original Message----- Sent: Wednesday, September 10, 1997 9:41 PM On Wed, 10 Sep 1997 09:58:46 -0500, you wrote: : :This is a big one folks. Probably as cool as orbotech's new screen scanner :was. Heres the headline, pick up the whole news on your news source.... Why did the stock trade on less than average volume and make 0.00% change if this is big news? The release as reported at yahoo.com was at 7:10 AM, EDT. Dan :Subj: Coherent Announces Worldwide Deployment of Bi-Directional Echo :Canceller; Great :Date: 97-09-10 08:04:23 EDT :From: AOL News :BCC: AyrBlake : : DALLAS--(BUSINESS WIRE)--Sept. 10, 1997--Coherent :Communications Systems Corporation (NASDAQ:CCSC) today announced :that EC Duo has been widely deployed by key customers on an :international basis. Introduced in March 1997, EC Duo is the :industry's first available echo canceller solution specifically :designed to eliminate bi-directional noise and echo across a digital :wireless network. Coherent is exhibiting at PCS '97 in Dallas, :Texas, Booth 23021. : "Initial sales of EC Duo have already exceeded our early :forecasts," said Dan McGinnis, chief executive officer at Coherent. : ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] Stop Loss Date: 11 Sep 1997 12:28:17 -0400 (EDT) In a message dated 97-09-10 22:56:44 EDT, you write: << Db, I look back two trading days and set my Stop Limit at the lowest price, less 1/16. If its a LLUR type chart, the % varies with the slope. I've tested some to determine % to compare with WON's recommendations and my way is a bit tighter in most instances. But then I don't fret if stopped out. If the stock is solid, $30 will get me back in the hunt, at a lower price, in most instances. Obviously, you have to be watching the action when playing with tight stops or you will miss getting back in, if there is a rebound. Bill-->> >> Thanks, Bill. If you don't mind, I'd like to share this idea with the CS people on AOL. ----Db ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] O'Shaughessy's Book - What works on wall street Date: 11 Sep 1997 09:38:03 -0700 (PDT) At 08:50 AM 9/11/97 -0500, you wrote: >Anyone read "What Works on Wall Street? I am about finished. The bottom >line is his research says that CANSLIM doesn't work. He doesn't address it >specifically but has a chapter on buying based on 5 year earnings and a >chapter based on 1 year earnings growth. > >His book seems to be geared toward institutional investors though. For >example in each model he buys and holds for one year 50 stocks. He gives >the total annualized return on the portfolio but doesn't break the data >down into how many of the 50 made money and how many lost money. > >Since his annualized returns are somewhere in the neighborhood of 18-20% >for his best models over 40 years, I am guessing that of the 50 stocks >several lost money. > Sounds like he basically doesn't know squat. I'd get my money back for the book. Even a "dumb" (i.e. robot-like rules) CANSLIM system such as James Taylor's has made about 50% a year the past few years. Sounds like he can barely keep up with the Vanguard 500! Tim Fisher tfish@spiritone.com 1995 President - Pacific Fishery Biologists Keeper of the ORE-ROCK-ON Rockhounding in Oregon Home Page http://www.spiritone.com/~tfish ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] New breakouts Date: 11 Sep 1997 09:37:55 -0700 (PDT) At 02:57 AM 9/11/97 GMT, you wrote: >:AORI 17 3/8, 16 1/2 >:AZZ 19 7/8,22 1/4 >:RESP 26 1/2, 27 >:HYSW 30 3/8, 31 11/16 >:SECX 16 3/4, 17 5/8 >:RCMT 11 3/4, 14 5/8 >:MDCO 25 7/8, 26 1/2 >: >Of these, the best obvious numbers belong to AZZ. I checked them out >and don't like the chart too much. However, even stronger in the group >(tops) with GRS of 94, is PWAV, which had a failed breakout about a >week ago and has been basing nicely for a good month. I think this >stock is worth watching. > RESP has been on my CANSLIM radar for a while, definitely not LLUR but may be good and in fact has been good for a short play. Tim Fisher tfish@spiritone.com 1995 President - Pacific Fishery Biologists Keeper of the ORE-ROCK-ON Rockhounding in Oregon Home Page http://www.spiritone.com/~tfish ------------------------------------------------------------------------------- From: "Robert Gammon" Subject: Re: [CANSLIM] O'Shaughessy's Book - What works on wall street Date: 11 Sep 1997 11:53:07 -0500 On Thu, 11 Sep 1997 09:38:03 -0700 (PDT), Tim Fisher wrote: >At 08:50 AM 9/11/97 -0500, you wrote: >>Anyone read "What Works on Wall Street? I am about finished. The bottom >>line is his research says that CANSLIM doesn't work. He doesn't address it >>specifically but has a chapter on buying based on 5 year earnings and a >>chapter based on 1 year earnings growth. >> >>His book seems to be geared toward institutional investors though. For >>example in each model he buys and holds for one year 50 stocks. He gives >>the total annualized return on the portfolio but doesn't break the data >>down into how many of the 50 made money and how many lost money. >> >>Since his annualized returns are somewhere in the neighborhood of 18-20% >>for his best models over 40 years, I am guessing that of the 50 stocks >>several lost money. >> >Sounds like he basically doesn't know squat. I'd get my money back for the >book. Even a "dumb" (i.e. robot-like rules) CANSLIM system such as James >Taylor's has made about 50% a year the past few years. Sounds like he can >barely keep up with the Vanguard 500! Hmm, better check the figures for average annual return on the S&P500 over a 40 year time frame. The last few years are exceptional. 18-20% is on the order of about double the S&P500 return over the same time frame. (Well, not quite double). *----------------------------------------------------* Robert Gammon My opinions are my own. rgammon@micro.ti.com In no way am I representing 281-274-3299 voice the views of my employer. 281-274-2558 fax *----------------------------------------------------* ------------------------------------------------------------------------------- From: weirens@mailhost.la.AirTouch.COM (Craig Weirens) Subject: Re: [CANSLIM] O'Shaughessy's Book - What works on wall street Date: 11 Sep 1997 10:18:03 -0700 > >Sounds like he basically doesn't know squat. I'd get my money back for the > >book. Even a "dumb" (i.e. robot-like rules) CANSLIM system such as James > >Taylor's has made about 50% a year the past few years. Sounds like he can > >barely keep up with the Vanguard 500! > > Hmm, better check the figures for average annual return on the S&P500 over > a 40 year time frame. The last few years are exceptional. 18-20% is on > the order of about double the S&P500 return over the same time frame. > (Well, not quite double). > As I recall, the long run DJIA return is in the 10% catagory and the S&P 500 is closer to 12.5%. Even the well known BTD strategies have only done 17-18% over the last 30+ years. In more recent years, they have been doing mid twenties. The WWOW book is decidedly geared to instituitional investors. To have access to the data that is needed to follow the strategies, you need a $6500.00 per year subscription. You also need the capital to justify spreading over 50 stocks. Personally, I consider that over diversification. A problem many of the mutual funds suffer IMHO. How much better or worse than the S&P can you do when you own 2/3rds of it in the fund. The testing in the book is perfectly fine. Basically, the book shows that any combination of just a few fundamental measurements doesn't cut it. It is a book about playing averages. The main concept behind the book is very telling. Essentially it is about not losing and not about winning. -Craig ------------------------------------------------------------------------------- From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 12:47:24 -0600 Everyone, One of the members of our list has suggest that I change the [CANSLIM] field that always appears in the subject field to something shorter like [CS]. Does anyone have any objections or comments? Jeff - CANLIM list admin ------------------------------------------------------------------------------- From: "Frank Ferris" Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 15:50:22 -0400 you know CS could stand for canadain stocks this could lead to other decussions for example MRF on the alberta exchange ------cornpicker here---- > From: Jeff Salisbury > To: canslim@xmission.com > Subject: [CANSLIM] Changing canslim header? > Date: Thursday, September 11, 1997 2:47 PM > > Everyone, > > One of the members of our list has suggest that I change the [CANSLIM] field > that always appears in the subject field to something shorter like [CS]. Does > anyone have any objections or comments? > > Jeff - CANLIM list admin > ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 16:00:38 -0400 > One of the members of our list has suggest that I change the [CANSLIM] field > that always appears in the subject field to something shorter like [CS]. Does > anyone have any objections or comments? i suggest you leave it CANSLIM jeff -- i see no gain in redefining an acronym so well known and widely recognized -- moreover, CS has too many meanings already (not surprisingly, the term Computer Science comes to my mind, just check my email address) mike ------------------------------------------------------------------------------- From: jeff.knudtson@corbel.com Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 16:22:07 EST Everyone, One of the members of our list has suggest that I change the [CANSLIM] field that always appears in the subject field to something shorter like [CS]. Does anyone have any objections or comments? --------------- I strongly encourage you to leave it as is. CS is not enough characters for certain automated functions that depend on a certain character string to perform rule-based tasks. For example, my email client has a rule to automatically process and store mail items with the string "CANSLIM" in a special folder where I can read it later at my convenience. "CS" would be too few letters for this to work reliably. Please leave CANSLIM as is. This is a very high-quality list and I love the dialog. I am learning a lot. Thanks everyone. JEFF ------------------------------------------------------------------------------- From: "Bill S." Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 16:41:33 -0500 The suggestion is to shorten the Subject reply field and not the mailing address for the CANSLIM server! Automated functions can just as easily parse on the address as on the subject field. If [CA] is too confusing, maybe the entire reply field should simply be changed "Re: Changing canslim header?" for this and future messages on this list. Bill-->> Michael A Langston wrote: > > > One of the members of our list has suggest that I change the [CANSLIM] field > > that always appears in the subject field to something shorter like [CS]. Does > > anyone have any objections or comments? > > i suggest you leave it CANSLIM jeff -- i see no gain in redefining > an acronym so well known and widely recognized -- moreover, CS has > too many meanings already (not surprisingly, the term Computer > Science comes to my mind, just check my email address) > > mike ------------------------------------------------------------------------------- From: Joseph Vaughn-Perling Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 13:51:15 -0700 (PDT) The following is worth US$0.02.... I can't see any compelling reason to change the subject headder, unless we are attempting to become more obscure. It has the benefit of showing up in search engines quite nicely. jvp On Thu, 11 Sep 1997, Bill S. wrote: > The suggestion is to shorten the Subject reply field and not the mailing > address for the CANSLIM server! Automated functions can just as easily > parse on the address as on the subject field. > > If [CA] is too confusing, maybe the entire reply field should simply be > changed "Re: Changing canslim header?" for this and future messages on > this list. > > Bill-->> > > > > Michael A Langston wrote: > > > > > One of the members of our list has suggest that I change the [CANSLIM] field > > > that always appears in the subject field to something shorter like [CS]. Does > > > anyone have any objections or comments? > > > > i suggest you leave it CANSLIM jeff -- i see no gain in redefining > > an acronym so well known and widely recognized -- moreover, CS has > > too many meanings already (not surprisingly, the term Computer > > Science comes to my mind, just check my email address) > > > > mike > > ------------------------------------------------------------------------------- From: "John R. Allen" Subject: [CANSLIM] stop loss vs stop limit Date: 11 Sep 1997 14:07:59 -0700 Hiya group, A question re the stop loss discussion recently. What's the difference between a stop loss and a stop limit. I recently read in an article someone had on a stock "stop 95/limit 90". I think I understand a stop, but limit? and used together what does that do? THX jra ------------------------------------------------------------------------------- From: "Jason P. Butler" Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 15:55:19 -0500 (CDT) It seems like you could just search for [CS], not CS. That weould work. I don't know of any words that have the letters [CS] in them:) I don't see a problem with changing it. [CS] shouldn't confuse anybody.. Jason On Thu, 11 Sep 1997 jeff.knudtson@corbel.com wrote: > Everyone, > > One of the members of our list has suggest that I change the [CANSLIM] field > that always appears in the subject field to something shorter like [CS]. Does > anyone have any objections or comments? > > --------------- > > I strongly encourage you to leave it as is. CS is not enough characters for > certain automated functions that depend on a certain character string to > perform rule-based tasks. For example, my email client has a rule to > automatically process and store mail items with the string "CANSLIM" in a > special folder where I can read it later at my convenience. "CS" would be > too few letters for this to work reliably. > > Please leave CANSLIM as is. This is a very high-quality list and I love the > dialog. I am learning a lot. Thanks everyone. > > JEFF > > > ------------------------------------------------------------------------------- From: "Louis Gipson, RN" Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 14:40:45 -0700 Concerning the suggestion to shorten CANSLIM to CS, my vote is to leave it as it is. I am inclined to go along with "If it ain't broke, don't fit it!" I originally found this list with a search for "CANSLIM". P.S. Been out of touch for a while but coming back slowly. My regards to Tom and all the others. Keep up the dialog. Lou ------------------------------------------------------------------------------- From: "Gess Shankar" Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 16:22:27 -0500 On 11 Sep 97 at 12:47, Jeff Salisbury wrote: > One of the members of our list has suggest that I change the > [CANSLIM] field that always appears in the subject field to > something shorter like [CS]. Does anyone have any objections or > comments? > Personally I would like the prefix to be eliminated, but I guess it is there for a reason and I am likely to be in the minority. The reason I don't like it is because it needlessly interferes with the sort sequences and since any decent mail agent nowadays will allow filters/rules, it is not necessary to distinguish subject headers with prefixes. Gess :::::::::::::::::::::::::::::::::::::::::::::::::::::::: Gess Shankar pax vobiscum gess@earthchannel.com http://www.earthchannel.com Earth Channel Communications, LLC. :::::::::::::::::::::::::::::::::::::::::::::::::::::::: ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 18:21:16 -0400 If it isnt broke, dont fix it. Jeff Salisbury wrote: > > Everyone, > > One of the members of our list has suggest that I change the [CANSLIM] > field > that always appears in the subject field to something shorter like > [CS]. Does > anyone have any objections or comments? > > Jeff - CANLIM list admin ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 18:21:16 -0400 If it isnt broke, dont fix it. Jeff Salisbury wrote: > > Everyone, > > One of the members of our list has suggest that I change the [CANSLIM] > field > that always appears in the subject field to something shorter like > [CS]. Does > anyone have any objections or comments? > > Jeff - CANLIM list admin ------------------------------------------------------------------------------- From: "Jason P. Butler" Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 17:00:28 -0500 (CDT) But some people were complaining that not all the subject field will be displayed cause of the CANSLIM in the reply being longer than neccesary. Just my opinion. Seems like some people are afraid of change:) Jason Don't take my comments as aggresive, just joking around On Thu, 11 Sep 1997, Louis Gipson, RN wrote: > Concerning the suggestion to shorten CANSLIM to CS, my vote is to leave > it as it is. I am inclined to go along with "If it ain't broke, don't > fit it!" I originally found this list with a search for "CANSLIM". > > P.S. > > Been out of touch for a while but coming back slowly. My regards to Tom > and all the others. Keep up the dialog. > > Lou > > ------------------------------------------------------------------------------- From: jeff.knudtson@corbel.com Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 18:58:15 EST >It seems like you could just search for [CS], not CS. That weould work. I >don't know of any words that have the letters [CS] in them:) I don't see >a problem with changing it. [CS] shouldn't confuse anybody.. -------------- Go to www.altavista.digital.com and use CS as a search criteria. I got 1,953,010 hits. Go to www.infoseek.com and do the same. You'll get somewhere around 709,000 hits. The character string "CS" is used all the time in human communications, especially in the sometimes enigmatic electronic communications of the computer world, not just complete words but URLs, email names, etc. Finally, I _still_ have not heard the argument for using "CS". What is it? Why is it a good idea? What purpose is served by making this change? I would ask that in the interest of honest logical pursuit of this issue, that the benefit of such a change be articulated. If not, the obvious conclusion is to keep it the way it is. JEFF ------------------------------------------------------------------------------- From: "M.Rao" Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 21:49:53 -0700 Dear Jeff I appreciate with full heart, the extrordinary effort being put by Volunteers like yourself, in adminstering the Canslim list. The Canslim discussion is so educative, & I learnt many interesting points of view, & more importantly, the pioneering work by William O'Neil, IBD. DG. his famous book How to Make money in Stocks. I have both the 1st & 2nd editions. After reading the principles, the Canslim discussions thru the List, gave more meaning & life to the interesting subject of stock Investing, principles to be followed, especially, cutting the Losses. I am very much benefitted by hearing different points of view. Unfortunately, I have to leave the state to another far off place. Hence, I will not be able to subscribe to the Canslim list. This is to request you to UnSubscribe me from the Canslim list. I am sending this personally to you, Jeff, so that, I dont want to irritate, other members of the List. I miss this group, but I will join, when, I am settled in the New place. Wishing you, other Volunteers of Canslim, a good time, discussing topics, so near & dear to us. Keep up this good work Thanks Sincerely M.Rao Jeff Salisbury wrote: > > Everyone, > > One of the members of our list has suggest that I change the [CANSLIM] field > > Jeff - CANLIM list admin ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 21:51:46 -0400 Hi Louis, glad to see you still with us. Thought you'd gone into major lurker status. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Louis Gipson, RN > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Changing canslim header? > Date: Thursday, September 11, 1997 5:40 PM > > Concerning the suggestion to shorten CANSLIM to CS, my vote is to leave > it as it is. I am inclined to go along with "If it ain't broke, don't > fit it!" I originally found this list with a search for "CANSLIM". > > P.S. > > Been out of touch for a while but coming back slowly. My regards to Tom > and all the others. Keep up the dialog. > > Lou ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 22:01:49 -0400 WOW, Jeff, looks like you stirred up a real hornet's nest here! 13 responses already, that's got to be the heaviest response to a single (what I thought was noncontroversial) post in the history of this group. I'm impressed. I doubt I could have evoked so much reaction had I used the word "guaranteed profits" on a stock pick. Anyway, I thought it was a good suggestion when first mentioned, and glad you brought it up tonight. Hadn't considered some of the points of usage, however. Since, I read every email I get, and my mail server already sorts on the subj line, it doesn't make any difference to me, I'll go with the majority. Wonder what would happen if you suggested changing it to "[WON]"???? Or maybe "[WON/CS]"??? (wait a minute, that's already eight characters instead of nine, not much savings there, hummm!! Sorry, Mike and Jeff, I did try to be brief in my response, but this was too much fun, esp after the day I had on MSON and SOCR. Luv them microcaps! Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Jeff Salisbury > To: canslim@xmission.com > Subject: [CANSLIM] Changing canslim header? > Date: Thursday, September 11, 1997 2:47 PM > > Everyone, > > One of the members of our list has suggest that I change the [CANSLIM] field > that always appears in the subject field to something shorter like [CS]. Does > anyone have any objections or comments? > > Jeff - CANLIM list admin > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] O'Shaughessy's Book - What works on wall street Date: 11 Sep 1997 22:20:29 -0400 At my last firm and for the early part of my tenure at my present firm, where I had access to WON's "institutional" grade stock picks, his track record for NSMI (New Stock Market Ideas) was excellent. Starting on a chart at an initial index point of 100 in 1978, the NSMI picks were at about 7800 in early 1995. By comparison, the S&P500 went from the same initial point of 100 in 78 to 500. Bottom line, NSMI outperformed the S&P500 in a big way. I recall one little stat from our WON acct exec back in '93 or early '94: something like 42 out of the top 50 best performing growth mutual funds were clients of WON's institutional service getting his NSMI picks on a real time basis just as we were. So I believe their top performance was ultimately a credit to WON, NSMI, and CANSLIM. And since I was getting those same picks in real time, I was able to watch the stock's performance and do know that I saw many of them suddenly show huge volume spikes, often trading a qtr mil shares or more right at the close (typical of a large institutional taking a position) so I have many reasons to believe that the institutional money managers were looking at his "picks" at the same time I was. It happened too often to be coincidence. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Chuck > To: Canslim Digest > Subject: [CANSLIM] O'Shaughessy's Book - What works on wall street > Date: Thursday, September 11, 1997 9:50 AM > > Anyone read "What Works on Wall Street? I am about finished. The bottom > line is his research says that CANSLIM doesn't work. He doesn't address it > > His book seems to be geared toward institutional investors though. For > > Since his annualized returns are somewhere in the neighborhood of 18-20% > for his best models over 40 years, I am guessing that of the 50 stocks ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] New Product alert Date: 12 Sep 1997 02:52:34 GMT Well, it cranked up a tad today, though still on a little lighter than average volume. The chart doesn't look all that bad. It dipped a little lower than you like to see lately, but it's a definite cup and handle formation. You have to wonder, though, why the news didn't trigger a breakout if a breakout is *in the cards* for this one in the reasonably near future. Dan On Thu, 11 Sep 1997 10:27:55 -0500, you wrote: :Excellent Question Dan. All I know is, Current PCS and Digital cellular=20 :technology has a big problem with what the new technology purports to = fix.=20 :As capacity grows(est raised from 350,000,000 new subs to 550,000,000 = new=20 :subs b4 2K), Analog, While clearer, will be replaced or partnered with=20 :digital in our country and probably around the world. In marketing, Its = the=20 :first and not the best who usually winds up owning the market. It = appears=20 :to me that they are first and that the technology has a huge sales=20 :capability. : :-----Original Message----- :From: Dan Musicant [SMTP:musicant@autobahn.org] :Sent: Wednesday, September 10, 1997 9:41 PM :To: canslim@mail.xmission.com :Subject: Re: [CANSLIM] New Product alert : :On Wed, 10 Sep 1997 09:58:46 -0500, you wrote: : :: ::This is a big one folks. Probably as cool as orbotech's new screen = scanner=20 ::was. Heres the headline, pick up the whole news on your news source.... : :Why did the stock trade on less than average volume and make 0.00% :change if this is big news? The release as reported at yahoo.com was :at 7:10 AM, EDT. : :Dan : ::Subj: Coherent Announces Worldwide Deployment of Bi-Directional Echo ::Canceller; Great ::Date: 97-09-10 08:04:23 EDT ::From: AOL News ::BCC: AyrBlake :: :: DALLAS--(BUSINESS WIRE)--Sept. 10, 1997--Coherent ::Communications Systems Corporation (NASDAQ:CCSC) today announced ::that EC Duo has been widely deployed by key customers on an ::international basis. Introduced in March 1997, EC Duo is the ::industry's first available echo canceller solution specifically ::designed to eliminate bi-directional noise and echo across a digital ::wireless network. Coherent is exhibiting at PCS '97 in Dallas, ::Texas, Booth 23021. :: "Initial sales of EC Duo have already exceeded our early ::forecasts," said Dan McGinnis, chief executive officer at Coherent. :: : : ------------------------------------------------------------------------------- From: Joseph Vaughn-Perling Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 20:18:09 -0700 (PDT) yes, but folks who may not know of the list yet who are running internet searches would miss out and never find us. On Thu, 11 Sep 1997, Jason P. Butler wrote: > It seems like you could just search for [CS], not CS. That weould work. I > don't know of any words that have the letters [CS] in them:) I don't see > a problem with changing it. [CS] shouldn't confuse anybody.. > > Jason > > On Thu, 11 Sep 1997 jeff.knudtson@corbel.com wrote: > > > Everyone, > > > > One of the members of our list has suggest that I change the [CANSLIM] field > > that always appears in the subject field to something shorter like [CS]. Does > > anyone have any objections or comments? > > > > --------------- > > > > I strongly encourage you to leave it as is. CS is not enough characters for > > certain automated functions that depend on a certain character string to > > perform rule-based tasks. For example, my email client has a rule to > > automatically process and store mail items with the string "CANSLIM" in a > > special folder where I can read it later at my convenience. "CS" would be > > too few letters for this to work reliably. > > > > Please leave CANSLIM as is. This is a very high-quality list and I love the > > dialog. I am learning a lot. Thanks everyone. > > > > JEFF > > > > > > > > ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Changing canslim header? Date: 12 Sep 1997 04:03:16 GMT On Thu, 11 Sep 1997 20:18:09 -0700 (PDT), you wrote: :yes, but folks who may not know of the list yet who are running internet :searches would miss out and never find us. This is the best reason I have seen. I don't know much about search engines, but if they only search the headers... Personally, I haven't found myself begrudging those 9 characters: [CANSLIM] in my subject field. Dan : : :On Thu, 11 Sep 1997, Jason P. Butler wrote: : :> It seems like you could just search for [CS], not CS. That weould = work. I=20 :> don't know of any words that have the letters [CS] in them:) I don't = see=20 :> a problem with changing it. [CS] shouldn't confuse anybody.. :>=20 :> Jason :>=20 :> On Thu, 11 Sep 1997 jeff.knudtson@corbel.com wrote: :>=20 :> > Everyone, :> >=20 :> > One of the members of our list has suggest that I change the = [CANSLIM] field :> > that always appears in the subject field to something shorter like = [CS]. Does :> > anyone have any objections or comments? :> >=20 :> > --------------- :> >=20 :> > I strongly encourage you to leave it as is. CS is not enough = characters for :> > certain automated functions that depend on a certain character = string to :> > perform rule-based tasks. For example, my email client has a rule = to :> > automatically process and store mail items with the string "CANSLIM"= in a :> > special folder where I can read it later at my convenience. "CS" = would be :> > too few letters for this to work reliably. :> >=20 :> > Please leave CANSLIM as is. This is a very high-quality list and I = love the :> > dialog. I am learning a lot. Thanks everyone. :> >=20 :> > JEFF :> >=20 :> >=20 :> >=20 :>=20 :>=20 : ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] O'Shaughessy's Book - What works on wall street Date: 12 Sep 1997 06:21:25 -0400 (EDT) In a message dated 97-09-11 09:53:21 EDT, you write: << Any thoughts on this work and what it says about EPS growth moving stocks? Chuck >> Nothing. CS is not a buy and hold strategy. It also involves portfolio management strategies including stops and periodic profit-taking. Aside from this, CS is a multi-variable, multi-disciplinary approach. It cannot be tested using standard research design constructs. -----Db ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] O'Shaughessy's Book - What works on wall street Date: 12 Sep 1997 06:31:47 -0400 I disagree in part. I have known WON to "buy and hold" a stock for several years. I consider CS to be a philosophy oriented on improved stock selection and timing combined with a very strong sell oriented set of rules (which is what so many money making systems seem to lack). Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Dbphoenix@aol.com > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] O'Shaughessy's Book - What works on wall street > Date: Friday, September 12, 1997 6:21 AM > > In a message dated 97-09-11 09:53:21 EDT, you write: > > << Any thoughts on this work and what it says about EPS growth moving stocks? > > Chuck > >> > > Nothing. CS is not a buy and hold strategy. It also involves portfolio > management strategies including stops and periodic profit-taking. Aside from > this, CS is a multi-variable, multi-disciplinary approach. It cannot be > tested using standard research design constructs. > > -----Db ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Group Coming out of the Pack Date: 12 Sep 1997 08:00:47 -0400 In the past several days, I have noted more of the stocks being added to my watch list are falling in the "Computer - Peripheral Equip" Group. GRS now 79 and top five are GECM, CGN, CREAF, TTN, and SPLH. My favorite is the #1, GECM. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] SOCR Date: 12 Sep 1997 13:27:06 GMT On Wed, 10 Sep 1997 08:12:09 -0400, you wrote: :Sorry, should have explained better. On my computer at work I can :set up to five limit minders on a wide variety of items including :bid or offer over or under a limit, vol over a set limit, last :trade over or under, news, etc. I get an audible (if I'm there to :hear it, I do a lot of running around in the office) as well as a :visual indicator when a limit is hit. Since my machine is :officially for my "day job" I try not to load it down with too many :limit minders as this slows it down, and normally I would use more :price oriented limits looking for breakouts, new highs, etc. :However, with the small caps I am finding that putting limits on :volume, then manually checking to see how the price is acting, :works better and can alert me to a stock about to make a big move :before that move has completely happened. I still wait for the move :to begin, but I am better prepared to act quickly. Tom, What software do you have running that can do these things? Dan :Any statements or opinions are strictly my own and not that of my :employer. My comments should not be interpreted as a recommendation :of any kind. I am a licensed (inactive) broker and an active :investor. All investors should do their own research prior to any :investment, especially one learned about on the Internet. Hopefully :my comments will better inform and educate all investors. : :tom w : :---------- :From: Dan Musicant :To: canslim@mail.xmission.com :Subject: Re: [CANSLIM] SOCR :Date: Wednesday, September 10, 1997 8:06 AM : :On Tue, 9 Sep 1997 23:52:23 -0400, you wrote: : : :<< Volume limit minders right now appear to be the single most :important indicators. >> : : << tom w >> : :Tom, what are *volume limit minders*? Something you watch, or :program :or something like that? : :Dan :---------- : ------------------------------------------------------------------------------- From: "Jason P. Butler" Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 19:43:30 -0500 (CDT) Hello...The reason that it came up was that it was "broke" for some of the users...Shortening it would not negatively affect anyone in anyway unless you can't remember that [CS] would mean [CANSLIM]. If you can't do that, then I suggest you quit investing and work at McDonald's. On Thu, 11 Sep 1997, Surindra J. Singh wrote: > If it isnt broke, dont fix it. > > > Jeff Salisbury wrote: > > > > Everyone, > > > > One of the members of our list has suggest that I change the [CANSLIM] > > field > > that always appears in the subject field to something shorter like > > [CS]. Does > > anyone have any objections or comments? > > > > Jeff - CANLIM list admin > > ------------------------------------------------------------------------------- From: "Jason P. Butler" Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 19:41:43 -0500 (CDT) Did I say change the name Canslim to CS? No, I said change the header. Reason is that it takes up subject room that could be used for the subject. [CS] is shorter and everyone that subscribes would know that [CS] means CANSLIM, unless someone here subscribes to an e-mail list about Computer Science and the header for that list is [CS]. If so, then I'll drop this argument. If you do a search for CANSLIM then you still get the webpage explaining how to subscribe to the newsgroup. If one wanted to research CANSLIM they would do a search for CANSLIM, not CS. If you do a search for CANSLIM from altavista, then only one of the links deals directly with this service. NONE of the links are links to any old e-mails, etc. So, you can null out your whole first argument. Cause if we changed it to CS instead of CANSLIM people would still only get 1 hit relevant to this e-mail group. [CS] [CANSLIM] See how much longer that is? Wouldn't you rather look at the whole subject field instead of [CANSLIM] when subscribers would clearly know that [CS] meant CANSLIM? On Thu, 11 Sep 1997 jeff.knudtson@corbel.com wrote: > > >It seems like you could just search for [CS], not CS. That weould work. I > >don't know of any words that have the letters [CS] in them:) I don't see > >a problem with changing it. [CS] shouldn't confuse anybody.. > > -------------- > > Go to www.altavista.digital.com and use CS as a search criteria. I got > 1,953,010 hits. Go to www.infoseek.com and do the same. You'll get > somewhere around 709,000 hits. The character string "CS" is used all the > time in human communications, especially in the sometimes enigmatic > electronic communications of the computer world, not just complete words > but URLs, email names, etc. > > Finally, I _still_ have not heard the argument for using "CS". What is it? > Why is it a good idea? What purpose is served by making this change? > > I would ask that in the interest of honest logical pursuit of this issue, > that the benefit of such a change be articulated. If not, the obvious > conclusion is to keep it the way it is. > > JEFF > > > ------------------------------------------------------------------------------- From: "Jason P. Butler" Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 22:38:19 -0500 (CDT) See earlier message. If you do a search for CANSLIM nothing about this e-mail list comes up except the page with information about it. No links to old or existing messages. Therefore, they couldn't miss a link if it was never there. On Thu, 11 Sep 1997, Joseph Vaughn-Perling wrote: > yes, but folks who may not know of the list yet who are running internet > searches would miss out and never find us. > > > On Thu, 11 Sep 1997, Jason P. Butler wrote: > > > It seems like you could just search for [CS], not CS. That weould work. I > > don't know of any words that have the letters [CS] in them:) I don't see > > a problem with changing it. [CS] shouldn't confuse anybody.. > > > > Jason > > > > On Thu, 11 Sep 1997 jeff.knudtson@corbel.com wrote: > > > > > Everyone, > > > > > > One of the members of our list has suggest that I change the [CANSLIM] field > > > that always appears in the subject field to something shorter like [CS]. Does > > > anyone have any objections or comments? > > > > > > --------------- > > > > > > I strongly encourage you to leave it as is. CS is not enough characters for > > > certain automated functions that depend on a certain character string to > > > perform rule-based tasks. For example, my email client has a rule to > > > automatically process and store mail items with the string "CANSLIM" in a > > > special folder where I can read it later at my convenience. "CS" would be > > > too few letters for this to work reliably. > > > > > > Please leave CANSLIM as is. This is a very high-quality list and I love the > > > dialog. I am learning a lot. Thanks everyone. > > > > > > JEFF > > > > > > > > > > > > > > > > ------------------------------------------------------------------------------- From: "Jason P. Butler" Subject: Re: [CANSLIM] Changing canslim header? Date: 11 Sep 1997 23:09:49 -0500 (CDT) On Fri, 12 Sep 1997, Dan Musicant wrote: > On Thu, 11 Sep 1997 20:18:09 -0700 (PDT), you wrote: > > :yes, but folks who may not know of the list yet who are running internet > :searches would miss out and never find us. > > This is the best reason I have seen. I don't know much about search > engines, but if they only search the headers... Our e-mail isn't searched by any search engine. These must be accessable via http in order for most spiders to search it. These are currently private e-mails between the members of the list, they aren't referenced on a web page anywhere. > > Personally, I haven't found myself begrudging those 9 characters: > [CANSLIM] in my subject field. > > Dan > : > : > :On Thu, 11 Sep 1997, Jason P. Butler wrote: > : > :> It seems like you could just search for [CS], not CS. That weould work. I > :> don't know of any words that have the letters [CS] in them:) I don't see > :> a problem with changing it. [CS] shouldn't confuse anybody.. > :> > :> Jason > :> > :> On Thu, 11 Sep 1997 jeff.knudtson@corbel.com wrote: > :> > :> > Everyone, > :> > > :> > One of the members of our list has suggest that I change the [CANSLIM] field > :> > that always appears in the subject field to something shorter like [CS]. Does > :> > anyone have any objections or comments? > :> > > :> > --------------- > :> > > :> > I strongly encourage you to leave it as is. CS is not enough characters for > :> > certain automated functions that depend on a certain character string to > :> > perform rule-based tasks. For example, my email client has a rule to > :> > automatically process and store mail items with the string "CANSLIM" in a > :> > special folder where I can read it later at my convenience. "CS" would be > :> > too few letters for this to work reliably. > :> > > :> > Please leave CANSLIM as is. This is a very high-quality list and I love the > :> > dialog. I am learning a lot. Thanks everyone. > :> > > :> > JEFF > :> > > :> > > :> > > :> > :> > : > > > ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] O'Shaughessy's Book - What works on wall street Date: 12 Sep 1997 10:22:33 -0400 (EDT) In a message dated 97-09-12 10:11:08 EDT, you write: << At my last firm and for the early part of my tenure at my present firm, where I had access to WON's "institutional" grade stock picks, his track record for NSMI (New Stock Market Ideas) was excellent. >> Anyone who has access to these selections and would like to share them, please don't be shy :) ----Db ------------------------------------------------------------------------------- From: "Chuck" Subject: [CANSLIM] Pivot Point??? Date: 12 Sep 1997 09:30:15 -0500 I just read WON's book. He talked about the "Pivot Point" but I really don't understand how to calculate it. He said it is not always the New High. He also said he doesn't buy at more than 5 - 10% beyond the pivot point. How do you calculate the Pivot Point? Chuck ------------------------------------------------------------------------------- From: Tim Fisher Subject: [CANSLIM] UTI - Why? Date: 12 Sep 1997 07:54:59 -0700 (PDT) I am not normally one to complain about success but UTI has me baffled. They announce a 3:1 split, run up from 20-25, crash back down, move up over 25 before the split (all on a bit above normal volume). This much I get. Then they split last Friday, gap up every day this week on 200-300K volume, (33K avg!) even after they announced an additional 5.9 million shares will be sold by underwriters (major shareholders from the initial offering?) with only 4 million shares outstanding and 1.2 million float! I think the 4 mill was pre-split, prob. 12 mill now or they couldn't sell 5.9 million now could they. Anyway I am not familiar with the mechanics of this situation, i.e. why would UTI suddenly get "hot" on this kind of news? Is it that the float was too small before the split and now the impending sale, and the big boys are gobbling it up? Anyway it is by far the fastest meteor I have ever ridden, if I could have sold everything I own to get on this rocket on the 8th (the date they announced the split and sale) I would be retiring tomorrow. Tim Fisher tfish@spiritone.com 1995 President - Pacific Fishery Biologists Keeper of the ORE-ROCK-ON Rockhounding in Oregon Home Page http://www.spiritone.com/~tfish ------------------------------------------------------------------------------- From: "Jack Markowitz" Subject: Re: [CANSLIM] Group Coming out of the Pack Date: 12 Sep 1997 10:30:55 -0500 Tom, If you don't mind, run Global Marine GLM throught the CANSLIM process. Tell me what you think. Thanks, Jack jack@jackm.com http://www.jack.com Jack's Picks ---------- > From: Tom Worley > To: CANSLIM > Cc: Jacques Ferron > Subject: [CANSLIM] Group Coming out of the Pack > Date: Friday, September 12, 1997 7:00 AM > > In the past several days, I have noted more of the stocks being > added to my watch list are falling in the "Computer - Peripheral > Equip" Group. GRS now 79 and top five are GECM, CGN, CREAF, TTN, > and SPLH. My favorite is the #1, GECM. > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be interpreted as a recommendation > of any kind. I am a licensed (inactive) broker and an active > investor. All investors should do their own research prior to any > investment, especially one learned about on the Internet. Hopefully > my comments will better inform and educate all investors. > > tom w ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: Re: [CANSLIM] UTI - Why? Date: 12 Sep 1997 12:39:15 -0400 (EDT) It is heading up again today. At this rate of rise, if continues, where it will be at the end of this year :-} On Fri, 12 Sep 1997, Tim Fisher wrote: > I am not normally one to complain about success but UTI has me baffled. > They announce a 3:1 split, run up from 20-25, crash back down, move up over > 25 before the split (all on a bit above normal volume). This much I get. > Then they split last Friday, gap up every day this week on 200-300K volume, > (33K avg!) even after they announced an additional 5.9 million shares will > be sold by underwriters (major shareholders from the initial offering?) with > only 4 million shares outstanding and 1.2 million float! I think the 4 mill > was pre-split, prob. 12 mill now or they couldn't sell 5.9 million now could > they. Anyway I am not familiar with the mechanics of this situation, i.e. > why would UTI suddenly get "hot" on this kind of news? Is it that the float > was too small before the split and now the impending sale, and the big boys > are gobbling it up? > > Anyway it is by far the fastest meteor I have ever ridden, if I could have > sold everything I own to get on this rocket on the 8th (the date they > announced the split and sale) I would be retiring tomorrow. > > Tim Fisher > tfish@spiritone.com > 1995 President - Pacific Fishery Biologists > Keeper of the ORE-ROCK-ON Rockhounding in Oregon Home Page > http://www.spiritone.com/~tfish > > > ------------------------------------------------------------------------------- From: Sam Funchess Subject: [CANSLIM] The Bear has scratched on my front door. Date: 12 Sep 1997 14:29:09 -0700 I have turned bearish on the market as of Thursday. I have liquidated two of my "large cap" companies that have done me well and pyramided on some of my smaller stocks. I am currently about 15% in cash looking to short some of the larger companies. I noticed that IBM has dropped below their 50 dma and am thinking the are a good candidate if they slip a little more. Connie Rae, I have sold my Iomega on Thursday for 25 and some change. 20% profit, I saw some distribution late last week and early this week and decided to unload while there was price movement. Just curious if you have sold or are you still carrying it. I also was curious if you turn the same stocks everyday or do you hold them for a period of days? I am just looking for the average time you hold your stocks. I just wanted to know if anyone feel the same I do. In future, if someone would like a response from me please say so in the message. I would like to respond to a lot more but it has become increasingly difficult for me to read my mail, none the less respond to all of them I would like to. Sam sam5@mindspring.com ------------------------------------------------------------------------------- From: chesky@austin.ibm.com Subject: [CANSLIM] Intro: Bill Chesky; SMTC Date: 12 Sep 1997 13:35:01 -0500 (CDT) Hi, I've been lurking for about a month or so and just thought I'd take a few moments to introduce myself. I'm a computer programmer by profession. I've been investing in mutual funds for about 8 years now. About 1.5 years ago or so I finally got the nerve up to invest in individual equities, lured by the potential higher returns. I've had modest success but I attribute some of that to a very forgiving market during that time. I realize the market is not always going to be this good so I'm very interested in learning a more disciplined approach to buying stocks. That's why CANSLIM appeals to me. I consider myself very much a novice, though. I have read O'Neil's book a while back but I think I need to go over it again. Especially the parts about reading charts and knowing when to sell. Before joining the group I made one psuedo-CANSLIM pick: MCRL. It's done well for me; up about %40 in 2 or 3 months. I say psuedo-CANSLIM because I'm sure I didn't include all of the CANSLIM criteria in my selection process. Basically, I culled IBD for about 20 stocks with good EPS/RS/etc numbers. Then using my internet account, I checked out historic annual/quarterly EPS growth, researched overall market direction (still seems like black magic to me). Then I did some fundamental research: read company profiles, checked out news articles, visited web sites, etc. Finally, I flipped a coin. Ha! Just kidding. Actually at this point MCRL left me with the best "intuitive" impression of the stocks I researched so I bought it. It seems that you experienced CANSLIM-ers rely on chart reading quite a bit, though, which I did not really do. I will be reading all those posts with great interest. In any case, when I joined the group I was very glad to see people discussing MCRL. I've really enjoyed the group. Very informative with very useful commentary. I also appreciate the cordial dialogue and give and take even when people disagree. A real breath of fresh air after USENET newsgroups. Ok, as long as I'm here, and to make myself feel somewhat useful, I'll throw out this stock for discussion: SMTC (Semtech). Don't have my IBD handy but I think EPS/RS is 99/98 and the other numbers were very good as well. Like MCRL, they're in the analog IC market. Their P/E is a lot less than MCRL's, though at about 40. They also have a smaller capatalization (~365 million). However, they've had a huge runup over the last year from 8 to 64. Is it too late? Or does CANSLIM say that this is the best time to buy (when it's reaching new highs)? thanks, -- Bill Chesky chesky@austin.ibm.com (512) 838-3400 ------------------------------------------------------------------------------- From: Sam Funchess Subject: Re: [CANSLIM] Changing canslim header? Date: 12 Sep 1997 14:46:00 -0700 I imagine the reason they wanted the header changed is so you could read the subject w/o going into the message. I see no problem of doing this because I would understand who it came from even w/o the CANSLIM header. Sam sam5@mindspring.com Michael A Langston wrote: > > One of the members of our list has suggest that I change the > [CANSLIM] field > > that always appears in the subject field to something shorter like > [CS]. Does > > anyone have any objections or comments? > > i suggest you leave it CANSLIM jeff -- i see no gain in redefining > an acronym so well known and widely recognized -- moreover, CS has > too many meanings already (not surprisingly, the term Computer > Science comes to my mind, just check my email address) > > mike ------------------------------------------------------------------------------- From: Sam Funchess Subject: Re: [CANSLIM] Changing canslim header? Date: 12 Sep 1997 14:47:43 -0700 It should only affect the e-mail we receive from Majordomo if I am not mistaken. Sam Joseph Vaughn-Perling wrote: > The following is worth US$0.02.... > I can't see any compelling reason to change the subject headder, > unless > we are attempting to become more obscure. > It has the benefit of showing up in search engines quite nicely. > > jvp > > On Thu, 11 Sep 1997, Bill S. wrote: > > > The suggestion is to shorten the Subject reply field and not the > mailing > > address for the CANSLIM server! Automated functions can just as > easily > > parse on the address as on the subject field. > > > > If [CA] is too confusing, maybe the entire reply field should simply > be > > changed "Re: Changing canslim header?" for this and future messages > on > > this list. > > > > Bill-->> > > > > > > > > Michael A Langston wrote: > > > > > > > One of the members of our list has suggest that I change the > [CANSLIM] field > > > > that always appears in the subject field to something shorter > like [CS]. Does > > > > anyone have any objections or comments? > > > > > > i suggest you leave it CANSLIM jeff -- i see no gain in redefining > > > > an acronym so well known and widely recognized -- moreover, CS has > > > > too many meanings already (not surprisingly, the term Computer > > > Science comes to my mind, just check my email address) > > > > > > mike > > > > ------------------------------------------------------------------------------- From: "Robert Gammon" Subject: Re: [CANSLIM] Changing canslim header? Date: 12 Sep 1997 14:34:50 -0500 Well, I consider that changing the name JUST to make the subject line more readable on SOME subscriber's mail tool to be a bit of a stretch. There are many mail tools for each of the platforms that people use. Selection of a mail tool is sometimes complicated by the fact that you are virtually forced to use the one that your employer shoves down your throat. I made my own decision, and paid for the mail tool with my own dollars. If I had problems reading the subject line because of the length of the majordomo header, I would go find a mail tool that would show me the needed parts of the subject line, not complain to the group or the administrator. So many problems in America today seem to stem from the attitude that none of my problems are my fault, they are always some else's fault. We need greater responsibility for individual actions, not less. Robert =================================================== On Fri, 12 Sep 1997 14:46:00 -0700, Sam Funchess wrote: >I imagine the reason they wanted the header changed is so you could read >the subject w/o going into the message. I see no problem of doing this >because I would understand who it came from even w/o the CANSLIM header. > >Sam >sam5@mindspring.com >Michael A Langston wrote: > >> > One of the members of our list has suggest that I change the >> [CANSLIM] field >> > that always appears in the subject field to something shorter like >> [CS]. Does >> > anyone have any objections or comments? >> >> i suggest you leave it CANSLIM jeff -- i see no gain in redefining >> an acronym so well known and widely recognized -- moreover, CS has >> too many meanings already (not surprisingly, the term Computer >> Science comes to my mind, just check my email address) >> >> mike > > > > ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: Re: [CANSLIM] Index Chart Interpretation from IBD Date: 12 Sep 1997 16:24:04 -0400 (EDT) Are you Lost? :-) On Mon, 8 Sep 1997, Lost wrote: > test message > > ------------------------------------------------------------------------------- From: "Frank Ferris" Subject: Re: [CANSLIM] Index Chart Interpretation from IBD Date: 12 Sep 1997 17:40:33 -0400 why is this here?? if you want something interesting to do check out RB, maybe you will have found something ---------- > From: Surindra J. Singh > To: Lost > Cc: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Index Chart Interpretation from IBD > Date: Friday, September 12, 1997 4:24 PM > > Are you Lost? > :-) > > On Mon, 8 Sep 1997, Lost wrote: > > > test message > > > > > > ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] UTI - Why? Date: 12 Sep 1997 17:48:57 -0400 (EDT) In a message dated 97-09-12 13:47:40 EDT, you write: << Is it that the float was too small before the split and now the impending sale, and the big boys are gobbling it up? >> That seems to be about the size of it. This is also a good period for oils in general. Combine that with lease rates rising, the success of the Gulf sale, and the energy conference next week in Houston, and you have the ingredients for this kind of action. A petro engineer on AOL estimates it could go to 90-120. Hope so. I have a lot of it, and as soon as it slows down and bases, or pulls back, I fully intend to buy more. I don't often buy stocks that go up 400% in just a few months. I intend to bleed this one. ----Db ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] The Bear has scratched on my front door. Date: 12 Sep 1997 17:56:37 -0400 (EDT) In a message dated 97-09-12 14:31:05 EDT, you write: << I have turned bearish on the market as of Thursday. I have liquidated two of my "large cap" companies that have done me well and pyramided on some of my smaller stocks. I am currently about 15% in cash looking to short some of the larger companies. I noticed that IBM has dropped below their 50 dma and am thinking the are a good candidate if they slip a little more. >> Sam, Not sure why you're bearish. The bigcaps are suffering, but the oils are just fine, as is the NAZ. As long as your stops are in place and you can find qualified stocks with good charts, consider staying with it. Remember that CS is not necessarily smallcap. O'N owned a number of bigcaps. ----Db ------------------------------------------------------------------------------- From: "S Menon" Subject: [CANSLIM] DSPG Date: 12 Sep 1997 15:08:24 PDT Check out DSPG. Looks like we will get another 10 points. UBS Securities's target price is $40. Disclaimer: I have a small position in this and got rewarded very well. ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] SOCR Date: 12 Sep 1997 21:29:42 -0400 We are running a Novell networked windows 3.0. The quotes and news service (including the limit minders stuff, gateways to Bear Stearns, etc), is part of the svc provided by ILX. I don't know if they sell the svc to other than BDs, but I do know it's real expensive. Running a dozen terminals in the office is something like $4000/mo or more. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- On Wed, 10 Sep 1997 08:12:09 -0400, you wrote: :Sorry, should have explained better. On my computer at work I can :set up to five limit minders on a wide variety of items including :bid or offer over or under a limit, vol over a set limit, last :trade over or under, news, etc. I get an audible (if I'm there to :hear it, I do a lot of running around in the office) as well as a :visual indicator when a limit is hit. Since my machine is :officially for my "day job" I try not to load it down with too many :limit minders as this slows it down, and normally I would use more :price oriented limits looking for breakouts, new highs, etc. :However, with the small caps I am finding that putting limits on :volume, then manually checking to see how the price is acting, :works better and can alert me to a stock about to make a big move :before that move has completely happened. I still wait for the move :to begin, but I am better prepared to act quickly. Tom, What software do you have running that can do these things? Dan :Any statements or opinions are strictly my own and not that of my :employer. My comments should not be interpreted as a recommendation :of any kind. I am a licensed (inactive) broker and an active :investor. All investors should do their own research prior to any :investment, especially one learned about on the Internet. Hopefully :my comments will better inform and educate all investors. : :tom w : :---------- :From: Dan Musicant :To: canslim@mail.xmission.com :Subject: Re: [CANSLIM] SOCR :Date: Wednesday, September 10, 1997 8:06 AM : :On Tue, 9 Sep 1997 23:52:23 -0400, you wrote: : : :<< Volume limit minders right now appear to be the single most :important indicators. >> : : << tom w >> : :Tom, what are *volume limit minders*? Something you watch, or :program :or something like that? : :Dan :---------- : ---------- ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] I disagree with (The Bear has scratched on my front door.) Date: 12 Sep 1997 21:40:38 -0400 Don't judge the "market trend" solely by the big cap performance, any more than you would by the Dow 30. As I have been saying (preaching) for over a month now, there is a strong rotation of money out of the previously top performing big caps and into the undervalued (and previously underperforming) secondaries and small caps. Today is a good case in point. Altho the big caps came roaring (whimpering??) back from a considerable oversold condition and did eke out a slightly better performance than the Russell 2000 and substantially better gain than the NASDAQ composite, the Russell 2000 still managed in a single day to wipe out the losses of the past two days (which ended a nine day record setting streak) and set a new high record today (hopefully starting a new lengthy string of new highs). By comparison the Dow 30 was still down 1% for the week and over 5% off its all time high. IMHO, the "groundswell" of money that has thus far been flowing into the secondaries and small caps is simply the early signal of a tidal wave of money that will be coming in thru the end of this year at least. But then I always tend to be an optimist. What is true is that the gains being made in the OTC stocks is across virtually every sector, it is not sector or industry group related. It is also likely to be far more volatile than it would be in mature, big cap cos where they are better known, have longer histories, pay dividends, have greater institutional support, carry greater investor confidence, etc. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Sam Funchess > To: Can Slim > Subject: [CANSLIM] The Bear has scratched on my front door. > Date: Friday, September 12, 1997 5:29 PM > > I have turned bearish on the market as of Thursday. I have liquidated > two of my "large cap" companies that have done me well and pyramided on > some of my smaller stocks. I am currently about 15% in cash looking to > short some of the larger companies. I noticed that IBM has dropped below > their 50 dma and am thinking the are a good candidate if they slip a > little more. > Connie Rae, I have sold my Iomega on Thursday for 25 and some change. > 20% profit, I saw some distribution late last week and early this week > and decided to unload while there was price movement. Just curious if > you have sold or are you still carrying it. I also was curious if you > turn the same stocks everyday or do you hold them for a period of days? > I am just looking for the average time you hold your stocks. > > I just wanted to know if anyone feel the same I do. > In future, if someone would like a response from me please say so in the > message. I would like to respond to a lot more but it has become > increasingly difficult for me to read my mail, none the less respond to > all of them I would like to. > > Sam > sam5@mindspring.com > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Steel Producers group Date: 12 Sep 1997 21:52:15 -0400 Now that I am out of Beth Steel, won't be following this group any longer, but did want to mention to any still in this group that over the past week have seen several cos having their earnings forecast cut by analysts. I suspect the past two qtrs of solid performance and beating estimates may be coming to a close. Be careful. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] MSON, SOCR Date: 12 Sep 1997 22:01:40 -0400 Just wanted the group to know, under EXTREME duress and mental anguish, had to sell half my position in MSON due to my stupidity in not realizing it was not marginable. Had to meet the call!! Wish I could make mistakes like this all the time - net gain after commissions and charges in three days was over 18%. Oh well, at least I still own half, and both stocks finished close to their new highs set today, so am looking for a good week coming up. Overall, portfolio is up over 10% for the week thanks just to these two gems. BTW, the chart on SOCR is an excellent example of the breakouts I am looking for (and finding) from very short bases (approx one week) on the small caps with good earnings and revenue growth and ridiculously low PEs. Much higher risk without question, need to keep a tight trigger finger on the sell button, and stay in touch with the mkt, but when it works, it works fast and profitably. Gosh, I almost feel like a day trader again, even if it was forced on me. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] The Bear has scratched on my front door. Date: 12 Sep 1997 22:35:57 -0400 Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. Sam, could you elaborate on the distribution you saw? I just looked at the chart and the worst I saw was a possible minor breakout failing, and the stock returning to its logical short term support. All the major CS characteristics I looked at seemed to still be intact, including up/down ratio, timeliness, Adv/Decline, RS, EPS, etc. (or were certainly no worse than when the stock broke 29 and change). The RS line, after a minor downturn, seems to be moving more sideways than anything else. Granted, I have the benefit of another day or so of hindsight, but could you elaborate on what prompted your decision at that time? Disclosure: I don't now, nor have ever, owned a share, just have an interest in this one, and in understanding the decision making on it better. tom w ---------- > From: Sam Funchess > To: Can Slim > Subject: [CANSLIM] The Bear has scratched on my front door. > Date: Friday, September 12, 1997 5:29 PM > > I have turned bearish on the market as of Thursday. I have liquidated > two of my "large cap" companies that have done me well and pyramided on > some of my smaller stocks. I am currently about 15% in cash looking to > short some of the larger companies. I noticed that IBM has dropped below > their 50 dma and am thinking the are a good candidate if they slip a > little more. > Connie Rae, I have sold my Iomega on Thursday for 25 and some change. > 20% profit, I saw some distribution late last week and early this week ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Steel Producers group Date: 12 Sep 1997 20:03:33 -0700 At 09:52 PM 9/12/97 -0400, you wrote: >Now that I am out of Beth Steel, won't be following this group any >longer, but did want to mention to any still in this group that >over the past week have seen several cos having their earnings >forecast cut by analysts. I suspect the past two qtrs of solid >performance and beating estimates may be coming to a close. Be >careful. > LSS is if anything skyrocketing this week. Guess they are tied to oil services and that is the reason? Ditto with MAVK, although they seem to be taking a small hit the past 2 days. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: "Frank Ferris" Subject: Re: [CANSLIM] DSPG Date: 12 Sep 1997 22:43:46 -0400 I like the looks of DSPG thanks ---------- > From: S Menon > To: canslim@mail.xmission.com > Subject: [CANSLIM] DSPG > Date: Friday, September 12, 1997 6:08 PM > > Check out DSPG. Looks like we will get another 10 points. UBS > Securities's target price is $40. > > Disclaimer: I have a small position in this and got rewarded very well. > > ______________________________________________________ > Get Your Private, Free Email at http://www.hotmail.com ------------------------------------------------------------------------------- From: dcameron@info1.harper.cc.il.us (Dave Cameron) Subject: Re: [CANSLIM] The Bear has scratched on my front door. Date: 12 Sep 1997 22:07:28 -0500 (CDT) Sam wrote: > > I have turned bearish on the market as of Thursday. I have liquidated > two of my "large cap" companies that have done me well and pyramided on I find this interesting.... to me, (who basically only owns small and mid cap stocks) I have found that most of my stocks either continue to hit new highs or flounder around in a trading range. > some of my smaller stocks. I am currently about 15% in cash looking to > short some of the larger companies. I noticed that IBM has dropped below > their 50 dma and am thinking the are a good candidate if they slip a > little more. > Connie Rae, I have sold my Iomega on Thursday for 25 and some change. > 20% profit, I saw some distribution late last week and early this week I'm wondering about this too.... IOM seems to be floundering around in a trading range. Looks like consolidation to me. > and decided to unload while there was price movement. Just curious if > you have sold or are you still carrying it. I also was curious if you > turn the same stocks everyday or do you hold them for a period of days? > I am just looking for the average time you hold your stocks. > > I just wanted to know if anyone feel the same I do. Guess not... but I don't pay much attention to large-caps. > In future, if someone would like a response from me please say so in the > message. I would like to respond to a lot more but it has become Respond if you like... I like to hear different thoughts. > increasingly difficult for me to read my mail, none the less respond to > all of them I would like to. > > Sam > sam5@mindspring.com > > Dave Cameron dcameron@info1.harper.cc.il.us > ------------------------------------------------------------------------------- From: dcameron@info1.harper.cc.il.us (Dave Cameron) Subject: [CANSLIM] HYSW/First Albany Date: 12 Sep 1997 22:10:13 -0500 (CDT) I own HYSW. It has an EPS of 93 and an RS of 91. Today it dropped supposedly because First Albany lowered their rating on HYSW, but it didn't drop the stock much. TO me this is a mixed bag. It is negative because a firm downgraded the stock, but positive in that it only dropped a couple percent. But... I've never heard of First Albany. Are they a small fry? Or am I just uninformed? Dave Cameron dcameron@info1.harper.cc.il.us ------------------------------------------------------------------------------- From: dcameron@info1.harper.cc.il.us (Dave Cameron) Subject: [CANSLIM] New members of group Date: 12 Sep 1997 22:12:04 -0500 (CDT) While I'm on a posting binge, I notice that there have been a lot of new members this week (or at least new intros). Almost all of these start off "I have been lurking for...". I would encourage you all to post even if it is just to ask questions. There have been many times where someone has branded themselves a novice, and many of us have found the exchange to be mutually beneficial... Dave Cameron dcameron@info1.harper.cc.il.us ------------------------------------------------------------------------------- From: midian@home.ifx.net Subject: [CANSLIM] Intro : Michael Boone Date: 12 Sep 1997 23:20:03 -0400 (EDT) Hello, my name is Michael Boone. I am a complete beginner when it comes to the stock market and investing in general. I have been studying the CANSLIM method as well as reading the Investors Business Daily. I haven't invested any money into the stock market at this point because I don't feel ready to fork over hard earned cash, so I've just been learning as much as possible and deciding on the best way to go about "practicing"(paper trails, online stock simulations, etc.) I appreciate any suggestions made, and ask that you not flame me if my questions seem stupid : as I said before, I am a complete beginner. Question #1 : The first section of Mr. O'Neils book makes sense to me until I get to the last letter M. This chapter was a complete departure from the simple methods outlined before it. The jargon used made absolutely no sense to me, and it seemed like the chapter offered only random events that have occurred in changes in market direction; there seemed to be no clear-cut plan to follow in determining whats going on in the market(this is disheartening considering Mr. O'Neils claim that M is "50% of the ballgame." Is it just me? Question #2 : Can anyone explain to me how to see the "Cup and Handle" pattern in a graph? I have yet to be able to identify one. Thanks for your patience and suggestions! michael boone ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] New members of group Date: 13 Sep 1997 08:02:04 -0400 Well said, Dave. Couldn't agree more. Everyone is welcome, even novices at investing or CANSLIM (remember, we were all novices once). Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Dave Cameron > To: canslim@mail.xmission.com > Subject: [CANSLIM] New members of group > Date: Friday, September 12, 1997 11:12 PM > > While I'm on a posting binge, I notice that there have been > a lot of new members this week (or at least new intros). Almost > all of these start off "I have been lurking for...". I would > encourage you all to post even if it is just to ask questions. > There have been many times where someone has branded themselves > a novice, and many of us have found the exchange to be mutually > beneficial... > > Dave Cameron > dcameron@info1.harper.cc.il.us > ------------------------------------------------------------------------------- From: "Lost" Subject: Re: [CANSLIM] Beta testing software Date: 12 Sep 1997 20:25:04 +0000 Tom, Thanks for solving my problem. I followed your suggestion and did get a user ID for DG online. Lost ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Intro : Michael Boone Date: 13 Sep 1997 08:39:35 -0400 Welcome to the group, Michael. The only stupid question is the one you didn't ask, and it is also usually the one that will cost you money. And don't worry about flaming, which is not acceptable or tolerated here. A number of us have a fire extinguisher handy, and an abusive member of the group is likely to either be censored or an ex-member. This group is so mature and well behaved compared to usenet groups it's sometimes hard to believe it's actually on the internet. Understanding "M" in CANSLIM is undoubtedly to most the toughest item. I have been in the mkt for 40 years, seven of which as a broker, and it took me most of those just to understand M where I felt reasonably confident of my knowledge (OK, so I'm a slow learner) but still I make mistakes. One of the members posted a chart of the mkt taken from one of WON's seminars complete with the different signals and pivot points. Possibly someone can repost the address for our new members to study. The most basic part of M is to know the trend of the mkt (up, down, consolidating, correcting). From there, you want to pay attention to the trend of a sector or industry group that you are considering, since not all groups or stocks are going the same way. You also want to be aware if there is a sector rotation, for example currently it appears that money is shifting from big caps to secondary and small caps, thus you should be careful if you are considering a large cap stock. It may not go down much more, but is less likely to make a solid move up. My personal focus over the past ten years has been in trying to understand the dynamics of the market (e.g. WHY did the mkt go up or down - yeah, I know, more buyers than sellers) with special emphasis on the relationship between the market and economic reports, precious metals, bond market, and currency exchange rates. From this I try to keep this group informed of upcoming economic reports and what is expected, since the mkt will react according to whether the news is in line, or better or worse than expectation. I use this info to try and gauge both the short and longer term direction of the mkt. Bottom line, it is not necessary to fully understand the WHY part, just be able to understand the current state of the mkt direction, and to recognize when that changes. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: midian@home.ifx.net > To: canslim@xmission.com > Subject: [CANSLIM] Intro : Michael Boone > Date: Friday, September 12, 1997 11:20 PM > > Hello, my name is Michael Boone. I am a complete beginner when it > comes to the stock market and investing in general. I have been studying > the CANSLIM method as well as reading the Investors Business Daily. I > haven't invested any money into the stock market at this point because I > don't feel ready to fork over hard earned cash, so I've just been learning > as much as possible and deciding on the best way to go about > "practicing"(paper trails, online stock simulations, etc.) I appreciate any > suggestions made, and ask that you not flame me if my questions seem stupid > : as I said before, I am a complete beginner. > Question #1 : The first section of Mr. O'Neils book makes sense to > me until I get to the last letter M. This chapter was a complete departure > from the simple methods outlined before it. The jargon used made absolutely > no sense to me, and it seemed like the chapter offered only random events > that have occurred in changes in market direction; there seemed to be no > clear-cut plan to follow in determining whats going on in the market(this is > disheartening considering Mr. O'Neils claim that M is "50% of the ballgame." > Is it just me? > Question #2 : Can anyone explain to me how to see the "Cup and Handle" > pattern in a graph? I have yet to be able to identify one. > > Thanks for your patience and suggestions! > michael boone > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Intro: Bill Chesky; SMTC Date: 13 Sep 1997 08:57:00 -0400 Welcome to the group, Bill. I will try to take a look at SMTC this weekend and post my thoughts. I can't recall WON saying anything about how much a stock has gained over the past 1-2 years, certainly not in a negative sense at least. It's more important how it is doing today, and what the expectations are for the future. He is a very forward looking guy, which is one reason he ignores trailing PE, that's already history. Personally, I am looking for stocks with very small nr of shares and float, preferably under 10 mil issued with a float no larger than about 4 mil or so. The ones I like the best right now only have floats of 1-2 mil. Like I said in an earlier post last night, greater risk, but potentially greater reward, but you must stay in touch with the mkt and have a quick sell trigger finger. But I feel this is where the money is flowing, and it has only started. And because of the small nr of shares, often with no way to play an arbitrage (e.g. no convertible bonds or options to use to hedge a short position) there is little to hold them back so long as the fundamentals are excellent and the future rosy (it's easy to write this after this past week's performance in MSON and SOCR, wait till I've had my head handed to me on one and watch me get negative!). Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: chesky@austin.ibm.com > To: CANSLIM mailing list > Subject: [CANSLIM] Intro: Bill Chesky; SMTC > Date: Friday, September 12, 1997 2:35 PM > > Hi, > > I've been lurking for about a month or so and just thought I'd take a > few moments to introduce myself. I'm a computer programmer by > profession. I've been investing in mutual funds for about 8 years > now. About 1.5 years ago or so I finally got the nerve up to invest in > individual equities, lured by the potential higher returns. I've had > modest success but I attribute some of that to a very forgiving market > > Before joining the group I made one psuedo-CANSLIM pick: MCRL. It's > done well for me; up about %40 in 2 or 3 months. I say psuedo-CANSLIM > because I'm sure I didn't include all of the CANSLIM criteria in my > selection process. Basically, I culled IBD for about 20 stocks with > good EPS/RS/etc numbers. Then using my internet account, I checked out > historic annual/quarterly EPS growth, researched overall market > direction (still seems like black magic to me). Then I did some > fundamental research: read company profiles, checked out news articles, > visited web sites, etc. Finally, I flipped a coin. Ha! Just > kidding. Actually at this point MCRL left me with the best "intuitive" > impression of the stocks I researched so I bought it. It seems that > you experienced CANSLIM-ers rely on chart reading quite a bit, though, > which I did not really do. I will be reading all those posts with > great interest. In any case, when I joined the group I was very glad > to see people discussing MCRL. > > throw out this stock for discussion: SMTC (Semtech). Don't have my > IBD handy but I think EPS/RS is 99/98 and the other numbers were very > good as well. Like MCRL, they're in the analog IC market. Their P/E > is a lot less than MCRL's, though at about 40. They also have a smaller > capatalization (~365 million). However, they've had a huge runup over > the last year from 8 to 64. Is it too late? Or does CANSLIM say that > this is the best time to buy (when it's reaching new highs)? > ------------------------------------------------------------------------------- From: "Jason P. Butler" Subject: Re: [CANSLIM] Changing canslim header? Date: 12 Sep 1997 16:07:54 -0500 (CDT) Wouldn't it be alot easier and cheaper for the admin to just change one field (probably) in his program rather than for many users to purchase new e-mail clients? that would be the most efficient, time saving, and dollar saving course of action. How about that for responsibility of actions? On Fri, 12 Sep 1997, Robert Gammon wrote: > Well, I consider that changing the name JUST to make the > subject line more readable on SOME subscriber's mail tool > to be a bit of a stretch. There are many mail tools for > each of the platforms that people use. Selection of > a mail tool is sometimes complicated by the fact that > you are virtually forced to use the one that your > employer shoves down your throat. I made my own decision, > and paid for the mail tool with my own dollars. If I > had problems reading the subject line because of the > length of the majordomo header, I would go find a mail > tool that would show me the needed parts of the subject > line, not complain to the group or the administrator. > > So many problems in America today seem to stem from the > attitude that none of my problems are my fault, they > are always some else's fault. We need greater > responsibility for individual actions, not less. > > Robert > =================================================== > On Fri, 12 Sep 1997 14:46:00 -0700, Sam Funchess wrote: > > >I imagine the reason they wanted the header changed is so you could read > >the subject w/o going into the message. I see no problem of doing this > >because I would understand who it came from even w/o the CANSLIM header. > > > >Sam > >sam5@mindspring.com > >Michael A Langston wrote: > > > >> > One of the members of our list has suggest that I change the > >> [CANSLIM] field > >> > that always appears in the subject field to something shorter like > >> [CS]. Does > >> > anyone have any objections or comments? > >> > >> i suggest you leave it CANSLIM jeff -- i see no gain in redefining > >> an acronym so well known and widely recognized -- moreover, CS has > >> too many meanings already (not surprisingly, the term Computer > >> Science comes to my mind, just check my email address) > >> > >> mike > > > > > > > > > > > > ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] Sam Funchess & Members Date: 12 Sep 1997 18:21:59 -0400 Sam Funchess 17:29 Subject: [CANSLIM] The Bear has scratched on my front door. To: Can Slim I have turned bearish on the market as of Thursday. I have liquidated two of my "large cap" companies that have done me well and pyramided on some of my smaller stocks. I am currently about 15% in cash looking to short some of the larger companies. I noticed that IBM has dropped below their 50 dma and am thinking the are a good candidate if they slip a little more. Connie Rae, I have sold my Iomega on Thursday for 25 and some change. 20% profit, I saw some distribution late last week and early this week and decided to unload while there was price movement. Just curious if you have sold or are you still carrying it. I also was curious if you turn the same stocks everyday or do you hold them for a period of days? I am just looking for the average time you hold your stocks. I just wanted to know if anyone feel the same I do. In future, if someone would like a response from me please say so in the message. I would like to respond to a lot more but it has become increasingly difficult for me to read my mail, none the less respond to all of them I would like to. Sam sam5@mindspring.com Sam-- Thanks for the questions about IOMG, etc. To your First Question, Sam: IOMG jerked me around a bit in the middle of August. Was in and out twice in three days. Ended up in, and am still holding a partial position. I am looking for a way out with a couple of points. It was, I believe, Surinduh [forgive me for the spelling, but I clear out my mail at the end of the day] who had asked me about some stocks he was holding. On Tuesday, I told him that a couple of my trader friends and I were trying to be absolutely liquid by Friday. We thought, and still do think, that the short term is down. For us, that is 3-10 days, but we'd not be surprised if the feeling ran out beyond the 10 days. We hoped to be filtering for shorts and ready to take a 50% short position in our accounts by Monday. Arbitrarily, we choose not to short more than a 50% position. I thought I would be free from IOMG even before you jumped. Though it is still a hold by my indicators, I just have a feeling about the market, and, consequently, tech stocks--and any other high beta stocks. I think you did right, Sam. Mine will be gone Monday, no matter what--even in the light of today's turn. I haven't had time to read the market yet this afternoon. To your Second: I have held IOMG five, maybe six, times in 23 days. My longest hold was eight days; my shortest was two. As you know I prefer to be a pure day trader. But purity is a sin. I like trying to outguess daily high|lows, and I like nothing better than to be in and out twice in one day. As I said, that is a once a month happening; and if it doesn't happen that often, I never try to double up. Having said that, my two friends [who fortunately have nearly identical trading strategies and use mostly the same software--mostly devised by a friend of mine at the university] and I trade on indicators set up on pretty short parameters. We, consequently, get a good jerking around once in a while [as in IOMG last month]. What we hope to find is stock that has a high beta [1.5 or higher], get in at the right time [remember, we have inviolate 7-8% stop loss setting on every stock], and get a ride. I mentioned in an earlier post, that once I have a gain equall to my stop in a stock, I will never take a loss. I move my stops such that I either break even or come up with a profit, no matter how small. You can see that, because of our sensitive indicator settings and inviolate stops, we, only once while, get in at the most opportune price; but, if the stock has three or four days of candlestick green, we've made some money real fast. But short that occasional fast money stock, we hold until we get a sell. Each of my friends and I do sometimes change our indicators--setting them up to be less sensitive, especially if nothing unexpected appears to be happening. But even in this remarking of indicators, we never cheat so that a loss can be massaged into break even or profit. Sam, as you learn to trade with tighter and tigher indicators [start out with intermediate settings], be less concerned that you are acting like a day trader and more concerned that you are listening to your indicators, irrespective that you are holding longer than a day trader would. "Day trader" is a purity word. It is romanticized. It is a succubus. Beware of her. I have held the bitch. And she turned me loose for the next day trader who thought he could conquer her; and she never even looked back at me as she departed. We had some great times together, the succubus and I, but don't ever take her home with you. She has no home and a thousand weeping lovers. Perhaps, most important, Sam, is to get to know five stocks that have not "lied" to your indicators; run scans on their history. A stock that will lie once is inclined to lie again--a bit like people. I have a flexible rule that I look back a year and a half to two years. If the stock hasn't lied, and it meets my requirements, I give it a ride. When it lies, I treat it the same way the succubus treated me [though I have given a couple of stocks a second chance when I thought there had been some misunderstanding about how published reports were interpreted]. Always a pleasure to take to you, Sam, and to the other members. Please mail me if I have not answered you fully or if you have some other thoughts about the market. Respectfully, Connie Mack ------------------------------------------------------------------------------- From: "Paul Bienstockr" Subject: RE: [CANSLIM] Distribution Date: 11 Sep 1997 19:15:28 UT How do you define distribution and is this based on volume? Further, is this something that you can do real-time or is it really determined retrospectively? -----Original Message----- Sent: Thursday, August 28, 1997 3:09 PM In a message dated 97-08-28 08:07:29 EDT, you write: << In my studies, I have found that five or more days of distribution in a four week period often leads to a meaningful correction. I have also been forced out of half of my positions in the past two weeks due to my selling rules, which I have found to be an indicator of forthcoming poor market action. >> Take care when using your own portfolio as an indicator of the health of a market, much less as an indicator of future market action. Much depends on what you've got. I've only lost one stock in the past couple of weeks. Does this mean everything's OK? Who knows? I suggest that everyone let CS work for them. As your stops are hit (if they are), then exercise them. If they aren't, why sell? To "lighten up" or "exit" just because "things look bad" is to defeat the purpose of CS's money management aspects. And even if you do wind up selling something, that doesn't mean you should stop looking. You may simply be in the wrong sector. My oil stocks are barrelling ahead like a juggernaut. My health stocks are also doing well, though not as well. My tech stocks are sort of just lying there for the most part, but that's hardly a reason to sell them. Many people find it difficult to buy back a stock once sold. Far easier to hang on to it, unless the stop is triggered, then add to the position during the next leg up. ----Db ------------------------------------------------------------------------------- From: "Jay Cliburn" Subject: [CANSLIM] Improper acronym alert! Date: 13 Sep 1997 08:17:59 -0600 > Remember that CS is not necessarily smallcap. That's CANSLIM Db -- not CS. Get your acronyms squared away. :-) Couldn't resist. -- Jay Cliburn | Space Dynamics Laboratory Computational Sciences Division | 1747 North Research Park Way Jay.Cliburn@sdl.usu.edu | Logan, Utah, USA 84341 (801) 755-4317 (voice) | (801) 755-4366 (fax) New telephone numbers effective 22 September 1997 (435) 797-4317 (voice) (435) 797-4366 (fax) ------------------------------------------------------------------------------- From: "Bill S." Subject: Re: [CANSLIM] Intro : Michael Boone Date: 13 Sep 1997 10:52:01 -0500 Maybe an introduction to MOB PSYCHOLOGY would help, Tom. In the old days, the term was PROPAGANDA, and then later refined to as MARKETING. The market's direction is determined by what the OPINION leaders are disseminating and not so much on technical factors. The MOB listens to OPINION leaders. e.g. the likes of Greenspan, Ruben, Lynch, James, etc. Bill-->> -------------------- Tom Worley wrote: > My personal focus over the past ten years has been in trying to > understand the dynamics of the market (e.g. WHY did the mkt go up > or down - yeah, I know, more buyers than sellers) with special > emphasis on the relationship between the market and economic > reports, precious metals, bond market, and currency exchange rates. ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] I disagree with (The Bear has scratched on my front door.) Date: 13 Sep 1997 12:10:04 -0400 (EDT) In a message dated 97-09-13 04:55:07 EDT, you write: << IMHO, the "groundswell" of money that has thus far been flowing into the secondaries and small caps is simply the early signal of a tidal wave of money that will be coming in thru the end of this year at least. >> I agree, Tom. We go on and on about interest rates and earnings and overbought this and that but the fact is that as long as peole continue to throw money at funds, it's got to go somewhere. Therefore, more than ever, it's a market of stocks rather than a stock market. The NAZ may no longer reflect the fortunes of smallcap companies. There are plenty of companies on the NAZ that are considerably larger than many companies on the NYSE. Weighted as they are, I'm not even sure that the index is any longer an adequate measure of small cap performance, perhaps one of the reasons so many people are looking to the Russell 2000 these days. I suspect the performance of the oils is due at least in part to a bit of desparation on where to put all this money. -----Db ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] Intro : Michael Boone Date: 13 Sep 1997 12:32:17 -0400 (EDT) In a message dated 97-09-13 09:00:28 EDT, you write: << Bottom line, it is not necessary to fully understand the WHY part, just be able to understand the current state of the mkt direction, and to recognize when that changes. >> I sometimes feel like a lone voice in the wilderness on this subject. Whenever there's a new high in something or deterioration in something, everyone starts asking about "M" and how to perceive the "signals" that we're in trouble. O'N and others really aren't much help here. He and others are particularly adept at pointing to pivot points, signals, follow-through days (or lack of them), etc., in hindsight, but are notably silent as they are occurring. To be sure, there are plenty of people who will make pronouncements of one sort or another so that they can refer back to a particular post at some point and say "See, I was right!" (you rarely see anyone point back to a particular post and say "See, I was wrong!"). But these don't mean much. CS is like an insurance policy. As long as you have your stops set and the discipline to exercise them, and as long as the charts of your particular stocks look fine, there's no reason to exit prematurely. When we get into serious trouble, your stops will be triggered one by one and you'll be able to make an orderly exit from the market. At the same time, you'll find it difficult to find anything else to buy. Support lines will be violated, bases will deteriorate, rallies will fail. You will, on the whole, automatically be out. It seems to me that the point O'N is trying to make is that trying to apply CS principles to a bear or deteriorating market is largely a waste of time. They won't work. But using CS to *anticipate* all this is tricky and probably so difficult as to be pointless. How many times have you sold a stock out of fear of deterioration, either through panic or by raising a stop, only to find it bounce off an important support level and go right back up again? CS is not only an investment strategy, it is a portfolio management strategy as well. I suggest we allow it to do its work. The fact that a particular sector or index is deteriorating (or even several sectors or indices) does not necessarily mean that everything is deteriorating everywhere. ----Db ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] Ascend. What to do? Date: 13 Sep 1997 12:59:30 -0400 Members-- Two members have sent inquiries to me about ASND. One wondered about selling. The second wondered about buying. These were my comments to them. I have never held or traded ASND. But for my non-trading account [a standard account that is more inactive than active] I had watched the stock since it fell out of bed, and especially I listened to what were offered as causes for the decline. From them I inferred that things were not as bad as they appeared. Of course, my short term indicators looked as awful as the chart, but that was to be expected. From the chart, back a couple of years, it appeared that 31 was a fairly safe resistance. Indicators I look at carefully, for either short or long term, are Bollinger Bands and RSI. This is how I use them. The bands can be set, as Bollinger suggested to moving averages [MA] of 10, 20, and 50 days [respectively, short, intermediate, and long]. My friends and I set our Bands between 1.5 and 2 standard deviations [SD] for short term MA. There is no reason why you can't set your SD out to 2.5--whatever fits your style, if that is the word. One of my trader friends uses MACD rather than RSI. I see no reason why one couldn't use other indicators. It would seem to me that as long as one is not using indicators based on the same data, the result might be useful. I.e., I wouldn't use RSI and MACD, for they are based on quite similar data. Here would be an area that one of the members might pursue. When the price gets to the upper Band and RSI is under 70, I read this conjunction as a continuing trend. When price gets to the lower Band and RSI is above 30, that, too, implies a continuing trend. Then there is this counter context. When price again is at the upper Band, and RSI is above 70 and inclining to 80, a reversal is being prepared. When price is again at the lower Band, and RSI is below 30 and declining to 20, a reversal is being prepared. I see ASND as prepared for a reversal. This is how I am playing it. Yesterday, I waited until five minutes before closing to see what the stock was doing. I had hoped it would lose another 1/2 point or so. However, I bought 200 at the market [35.25]. Next week I will buy 100 @ 34, 100 @ 33, 100 @ 32, and 200 @ 31 [if available]--which allows me to hold 700 shares at approximately 33. There is no reason why one couldn't buy 100 at yesterday's close on Monday and then buy a 100 @ 33 and a final 100 @ 31 given the opportunity. I have no set hold time for the transaction but would be inclined to let ASND jell for at least a month or until next quarter results are whispered. If the stock gets a five point bounce and I held only 200, I'd probably let it go but would buy it back at 37-38. If I were to have got my whole 700 on the buy down to 31 [I'd be averaged in at 33], I would absolutely let it all go, but would still buy it back at 37-38. However, I'd only buy 300-400, for I have made a nice profit and will not under any circumstance ever take a loss once I have a profit. To my first inquirer [who didn't say what he owned ASND at], I suggested that he hold. If there did come a bounce, I suggested that he sell if he could get even or close to even; for once a stock has betrayed you, you never feel the same about it again. To my second inquirer, I told him what I intended to do under certain circumstances for the short term and for circumstances in the longer term. I thank the two members for their questions and always welcome questions or comment from other members. Respectfully, Connie Mack ------------------------------------------------------------------------------- From: RClegg Subject: [CANSLIM] tax question? Date: 13 Sep 1997 12:40:55 -0600 I have owned mutual funds in the past but am new to trading this year. Can some one please tell me if at the end of the year I have to submit all of my trades for the year to my accountant for him to figure my specific profit or loss on each trade? Or will I get a statment from my brokers ( etrade, datek) indicating my total short term capital gains. I have been making about 3-5 trades a week and while I have my trade confirmations in a pile in the office, I have not really organized them. Also are brokerage commissions tax deductable? Thank in advanced, and thank you to all of the regular contributor on this list that make it so interesting and informative. I have received many good idea's and information. Russell ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] tax question? Date: 13 Sep 1997 15:31:12 -0400 (EDT) In a message dated 97-09-13 14:48:08 EDT, you write: << Can some one please tell me if at the end of the year I have to submit all of my trades for the year to my accountant for him to figure my specific profit or loss on each trade?>> Depends on how much you want to pay your accountant. It's far easier to set up a spreadsheet with symbol, # of shares, when bought, when sold, cost, price (what you sold it for), gain/loss and total gain/loss. Then just hand it to him. If you keep it current (whenever you make a sale), all you have to do Jan 1 is print it. <> Yes, but some are easier to understand than others. It's best to do your own spreadsheet and use the broker statement for verification. <> No need to, if you've confirmed the accuracy of each when it comes in. If there are errors, brokerages generally give you only a limited amount of time to call and correct. <> Yes, as is margin interest and other investment expenses, such as WSJ, IBD, DG, investment books and seminars, etc. ----Db ------------------------------------------------------------------------------- From: "Kirby Benson" Subject: [CANSLIM] Cup and Handle Date: 13 Sep 1997 14:59:08 -0600 Michael, I am also a beginner, and studied WON's book for about three weeks trying= to figure out what a "cup and handle" was. When you do see it, it is a= Gestalt and you can never miss it again. Instead of thinking in terms of= Aunt Martha's little tea cup, visualize the big dipper, make the handle= straight, and you have the CANSLIM cup and handle. Take a look at the= ALNK graph for a good example. Kirby Benson kbenson@zianet.com ------------------------------------------------------------------------------- From: bannis@kraken.mvnet.wnec.edu (Brian Annis) Subject: Re: [CANSLIM] tax question? Date: 13 Sep 1997 19:48:34 -0400 (EDT) > <> > > Yes, as is margin interest and other investment expenses, such as WSJ, IBD, > DG, investment books and seminars, etc. Actually, commissions are part of basis, and are factored directly into the calculation of gain/loss on schedule D. ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] tax question? Date: 13 Sep 1997 20:44:55 -0400 (EDT) In a message dated 97-09-13 19:44:18 EDT, you write: << Actually, commissions are part of basis, and are factored directly into the calculation of gain/loss on schedule D. >> Correcto. Been doing it so long I didn't think about the fact it's automatic. You don't have to keep track separately. ----Db ------------------------------------------------------------------------------- From: Sam Funchess Subject: Re: [CANSLIM] The Bear has scratched on my front door. Date: 13 Sep 1997 22:45:22 -0700 --------------982E37E50CBCCFFAA240F43C Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit > Tom I assume you were speaking of Iomega, if you look at the week > ending Aug. 30 I see some distribution starting. It was negated when > the stock began a strong upward climb by the end of the week. It then > begins to stall on Sept. 4. Then all last week it falters each day on > stronger volume. Then begins to rise on less volume. When I looked at > the chart on Thursday it gave me the willies and I dumped and began > looking elseware. You are correct, all the CS numbers look great, that > is why I picked it up at 21.25. It was a lager at the time I bought > it, possible because I was new to CS, and felt I should hold onto it > atleast the thirteen weeks. I then proceeded to keep it to my 25% > profit point, but instead I waffled and thought that it ran up in two > weeks maybe it will keep going. Well down to about 20% gain instead of > the high around 30%. I would rather take my 20% and find something > that doesn't scare me. I also still feel bearish on the overall market but it is not ready to drop off yet. Because of this I am looking for some stocks that are still moving. I know that the bull market is still going strong in a lot of stocks but I just see an overall slow down. I don't just look at the DJIA, but at the leaders of the past several months, they all seem to be slowing down or dead. This puts a lot of people on the defensive. I think this is the type of market WON wrote about, the small stocks surging like they have been. The big money is flowing to the smaller caps and this will signal the uninformed investor to get in in a few months. This will be the time to get out and stay out, or go short. I expect this to take about two months at the most. It will coincide with the Fed raising rates which will make big money leave and the small uninformed investor wont know to get out. Obviously this is a very slanted opinion and to some may be reaching, but pick up you IBD and look at the Bullish Bearish analysts scores. They tend to be leaning bullish, bad sign. On the book subject, A little late I know, I am reading Reminiscences of a stock operator. It is supposedly about Jesse Livermore, WON favorite trader, it coincides with CANSLIM pretty well. After reading HTMMIS I could pick out every aspect in there in one chapter or another. It was really funny. I would recommend picking it up at the local library but not necessarily a purchase. It is good and relates to what we are doing here. Jesse preferred futures more than stocks but dealt with them quite often. The book was very good about going into psychological detail and other manipulative strategies of the market. It was originally written on 1932 but I found a lot of the liking to be true today. By the way, that is something we need here is a psychology major that enjoys the stock market. They could possibly give us some insight as to what the Small investor might be thinking. So how about everybody that has .edu at the end of their e-mail see if they can't find someone with this specialty that would like to contribute. Speaking of .edu where is Zoran? I haven't heard from him lately. Has anyone read Jesse Livermore: speculator king? Sorry for putting three posts in one but I don't get around a computer that sends e-mail out very often. That is why if anyone wants a response from me specifically please say so in a post. Sam SAm5@mindspring.com > Sam, could you elaborate on the distribution you saw? I just looked > at the chart and the worst I saw was a possible minor breakout > failing, and the stock returning to its logical short term support. > All the major CS characteristics I looked at seemed to still be > intact, including up/down ratio, timeliness, Adv/Decline, RS, EPS, > etc. (or were certainly no worse than when the stock broke 29 and > change). The RS line, after a minor downturn, seems to be moving > more sideways than anything else. Granted, I have the benefit of > another day or so of hindsight, but could you elaborate on what > prompted your decision at that time? > > Disclosure: I don't now, nor have ever, owned a share, just have an > interest in this one, and in understanding the decision making on > it better. > > tom w > > ---------- > > From: Sam Funchess > > To: Can Slim > > Subject: [CANSLIM] The Bear has scratched on my front door. > > Date: Friday, September 12, 1997 5:29 PM > > > > I have turned bearish on the market as of Thursday. I have > liquidated > > two of my "large cap" companies that have done me well and > pyramided on > > some of my smaller stocks. I am currently about 15% in cash > looking to > > short some of the larger companies. I noticed that IBM has > dropped below > > their 50 dma and am thinking the are a good candidate if they > slip a > > little more. > > Connie Rae, I have sold my Iomega on Thursday for 25 and some > change. > > 20% profit, I saw some distribution late last week and early this > week --------------982E37E50CBCCFFAA240F43C Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit
Tom I assume you were speaking of Iomega, if you look at the week ending Aug. 30 I see some distribution starting. It was negated when the stock began a strong upward climb by the end of the week. It then begins to stall on Sept. 4. Then all last week it falters each day on stronger volume. Then begins to rise on less volume. When I looked at the chart on Thursday it gave me the willies and I dumped and began looking elseware. You are correct, all the CS numbers look great, that is why I picked it up at 21.25. It was a lager at the time I bought it, possible because I was new to CS, and felt I should hold onto it atleast the thirteen weeks. I then proceeded to keep it to my 25% profit point, but instead I waffled and thought that it ran up in two weeks maybe it will keep going. Well down to about 20% gain instead of the high around 30%. I would rather take my 20% and find something that doesn't scare me.
I also still feel bearish on the overall market but it is not ready to drop off yet. Because of this I am looking for some stocks that are still moving. I know that the bull market is still going strong in a lot of stocks but I just see an overall slow down. I don't just look at the DJIA, but at the leaders of the past several months, they all seem to be slowing down or dead. This puts a lot of people on the defensive. I think this is the type of market WON wrote about, the small stocks surging like they have been. The big money is flowing to the smaller caps and this will signal the uninformed investor to get in in a few months. This will be the time to get out and stay out, or go short. I expect this to take about two months at the most. It will coincide with the Fed raising rates which will make big money leave and the small uninformed investor wont know to get out. Obviously this is a very slanted opinion and to some may be reaching, but pick up you IBD and look at the Bullish Bearish analysts scores. They tend to be leaning bullish, bad sign.

On the book subject, A little late I know, I am reading  Reminiscences of a stock operator. It is supposedly about Jesse Livermore, WON favorite trader, it coincides with CANSLIM pretty well. After reading HTMMIS I could pick out every aspect in there in one chapter or another. It was really funny. I would recommend picking it up at the local library but not necessarily a purchase. It is good and relates to what we are doing here. Jesse preferred futures more than stocks but dealt with them quite often. The book was very good about going into psychological detail and other manipulative strategies of the market. It was originally written on 1932 but I found a lot of the liking to be true today. By the way, that is something we need here is a psychology major that enjoys the stock market. They could possibly give us some insight as to what the Small investor might be thinking. So how about everybody that has .edu at the end of their e-mail see if they can't find someone with this specialty that would like to contribute. Speaking of .edu where is Zoran? I haven't heard from him lately.

Has anyone read Jesse Livermore: speculator king?

Sorry for putting three posts in one but I don't get around a computer that sends e-mail out very often. That is why if anyone wants a response from me specifically please say so in a post.
 
Sam
SAm5@mindspring.com 

Sam, could you elaborate on the distribution you saw? I just looked
at the chart and the worst I saw was a possible minor breakout
failing, and the stock returning to its logical short term support.
All the major CS characteristics I looked at seemed to still be
intact, including up/down ratio, timeliness, Adv/Decline, RS, EPS,
etc. (or were certainly no worse than when the stock broke 29 and
change). The RS line, after a minor downturn, seems to be moving
more sideways than anything else. Granted, I have the benefit of
another day or so of hindsight, but could you elaborate on what
prompted your decision at that time?

Disclosure: I don't now, nor have ever, owned a share, just have an
interest in this one, and in understanding the decision making on
it better.

tom w

----------
> From: Sam Funchess <sam5@mindspring.com>
> To: Can Slim <canslim@xmission.com>
> Subject: [CANSLIM] The Bear has scratched on my front door.
> Date: Friday, September 12, 1997 5:29 PM
>
> I have turned bearish on the market as of Thursday. I have
liquidated
> two of my "large cap" companies that have done me well and
pyramided on
> some of my smaller stocks. I am currently about 15% in cash
looking to
> short some of the larger companies. I noticed that IBM has
dropped below
> their 50 dma and am thinking the are a good candidate if they
slip a
> little more.
> Connie Rae, I have sold my Iomega on Thursday for 25 and some
change.
> 20% profit, I saw some distribution late last week and early this
week

   --------------982E37E50CBCCFFAA240F43C-- ------------------------------------------------------------------------------- From: Sam Funchess Subject: Re: [CANSLIM] Intro : Michael Boone Date: 13 Sep 1997 23:00:36 -0700 midian@home.ifx.net wrote: I appreciate any suggestions made, and ask that you not flame me if my questions seem stupid > : as I said before, I am a complete beginner. This will never happen unless because of a question you ask. You wouldn't believe how many time I have asked a question that was presented just last week but I ignored it then because it did not affect me at the time, Never been flamed or called dirty names. > Question #1 : The first section of Mr. O'Neils book makes > sense to > me until I get to the last letter M. This chapter was a complete > departure > from the simple methods outlined before it. The jargon used made > absolutely > no sense to me, and it seemed like the chapter offered only random > events > that have occurred in changes in market direction; there seemed to be > no > clear-cut plan to follow in determining whats going on in the > market(this is > disheartening considering Mr. O'Neils claim that M is "50% of the > ballgame." > Is it just me? This is the hardest chapter to read and understand. That is why he puts it last IMHO. The just of the chapter is Is the market going up or down. It is that simple. It is not that simple to put it into practice though. You can tell this by the opinions about me being bearish and others being bullish. The reasons he throws so many different things in the chapter is so you can kind of get a feel for for different tools in the field. The biggest two things I would recommend you learn is to tell if the market is going up, going down, or consolidating (normal consolidation). Then learn how to interpret distribution. When a stock starts distribution I get out. Every one has their own opinion on distribution and when it is happening but the general rule is if volume increases from the day before and the stock goes down there is distribution going on. Just because a stock shows this pattern once don't sell unless it is out of control, but take notice. Wait to see if any support come up behind it to help it out. If there is no support sell and think of your fire insurance premium. > Question #2 : Can anyone explain to me how to see the "Cup and > Handle" > pattern in a graph? I have yet to be able to identify one. I'd love to give you a stock that has one but I can't. I am sure someone here will post a good example for you. Good luck Sam sam5@mindspring.com > > > Thanks for your patience and suggestions! > michael boone ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: Re: [CANSLIM] tax question? Date: 14 Sep 1997 00:18:35 -0400 DG is free right now. How can you deduct? By the way, how about the computer, softwares, internet access etc.etc.? Dbphoenix@aol.com wrote: > > In a message dated 97-09-13 14:48:08 EDT, you write: > > << Can some one please tell me if at the end of the year I have to > submit > all of my trades for the year to my accountant for him to figure my > specific profit or loss on each trade?>> > > Depends on how much you want to pay your accountant. It's far easier > to set > up a spreadsheet with symbol, # of shares, when bought, when sold, > cost, > price (what you sold it for), gain/loss and total gain/loss. Then > just hand > it to him. If you keep it current (whenever you make a sale), all you > have > to do Jan 1 is print it. > > < brokers ( etrade, datek) indicating my total short term capital > gains.>> > > Yes, but some are easier to understand than others. It's best to do > your own > spreadsheet and use the broker statement for verification. > > < have been making about 3-5 trades a week and while I have my trade > confirmations in a pile in the office, I have not really organized > them.>> > > No need to, if you've confirmed the accuracy of each when it comes in. > If > there are errors, brokerages generally give you only a limited amount > of time > to call and correct. > > <> > > Yes, as is margin interest and other investment expenses, such as WSJ, > IBD, > DG, investment books and seminars, etc. > > ----Db ------------------------------------------------------------------------------- From: lventura@juno.com (Louis F. Ventura) Subject: [CANSLIM] Re: Ascend. What to do? Date: 14 Sep 1997 00:25:59 -0400 Thanks for the info. Connie. I guess I'm the 3rd member who owns some ASND (bought it before I knew what CANSLIM was). I got in at $40, took some profit at $58 (+45%), and held the balance. Good old 20/20 hind-sight - should have took it all when it hit $60! It's surely not a stock for the faint-hearted. I'm contemplating whether or not to take the 12% loss on the balance of what I own. Sometimes I believe that it will be back in the $50-$60 range in no time. I've worked with Ascend products and people, and it's an outstanding company. However, the recent Cascade acquisition and extremely competitive environment have taken a toll on earnings. I realize that my indecisiveness is not a sound practice, but once in a while you have to say "what the heck." I'd like to hear your comments on whether I should hold or sell. Louis F. Ventura lventura@juno.com Livonia, MI >Date: Sat, 13 Sep 1997 12:59:30 -0400 >From: Connie Mack Rea >Subject: [CANSLIM] Ascend. What to do? > >Members-- > >Two members have sent inquiries to me about ASND. One wondered about >selling. The second wondered about buying. > >These were my comments to them. I have never held or traded ASND. >But >for my non-trading account [a standard account that is more inactive >than active] I had watched the stock since it fell out of bed, and >especially I listened to what were offered as causes for the decline. >>From them I inferred that things were not as bad as they appeared. > >Of course, my short term indicators looked as awful as the chart, but >that was to be expected. From the chart, back a couple of years, it >appeared that 31 was a fairly safe resistance. Indicators I look at >carefully, for either short or long term, are Bollinger Bands and RSI. >This is how I use them. The bands can be set, as Bollinger suggested >to >moving averages [MA] of 10, 20, and 50 days [respectively, short, >intermediate, and long]. > >My friends and I set our Bands between 1.5 and 2 standard deviations >[SD] for short term MA. There is no reason why you can't set your SD >out to 2.5--whatever fits your style, if that is the word. One of my >trader friends uses MACD rather than RSI. I see no reason why one >couldn't use other indicators. It would seem to me that as long as >one >is not using indicators based on the same data, the result might be >useful. I.e., I wouldn't use RSI and MACD, for they are based on >quite >similar data. Here would be an area that one of the members might >pursue. > >When the price gets to the upper Band and RSI is under 70, I read this >conjunction as a continuing trend. When price gets to the lower Band >and RSI is above 30, that, too, implies a continuing trend. > >Then there is this counter context. When price again is at the upper >Band, and RSI is above 70 and inclining to 80, a reversal is being >prepared. When price is again at the lower Band, and RSI is below 30 >and declining to 20, a reversal is being prepared. > >I see ASND as prepared for a reversal. This is how I am playing it. >Yesterday, I waited until five minutes before closing to see what the >stock was doing. I had hoped it would lose another 1/2 point or so. >However, I bought 200 at the market [35.25]. > >Next week I will buy 100 @ 34, 100 @ 33, 100 @ 32, and 200 @ 31 [if >available]--which allows me to hold 700 shares at approximately 33. >There is no reason why one couldn't buy 100 at yesterday's close on >Monday and then buy a 100 @ 33 and a final 100 @ 31 given the >opportunity. > >I have no set hold time for the transaction but would be inclined to >let >ASND jell for at least a month or until next quarter results are >whispered. If the stock gets a five point bounce and I held only 200, >I'd probably let it go but would buy it back at 37-38. If I were to >have got my whole 700 on the buy down to 31 [I'd be averaged in at >33], >I would absolutely let it all go, but would still buy it back at >37-38. >However, I'd only buy 300-400, for I have made a nice profit and will >not under any circumstance ever take a loss once I have a profit. > >To my first inquirer [who didn't say what he owned ASND at], I >suggested >that he hold. If there did come a bounce, I suggested that he sell if >he could get even or close to even; for once a stock has betrayed you, >you never feel the same about it again. > >To my second inquirer, I told him what I intended to do under certain >circumstances for the short term and for circumstances in the longer >term. > >I thank the two members for their questions and always welcome >questions >or comment from other members. > >Respectfully, > > >Connie Mack ------------------------------------------------------------------------------- From: JANSI1AUG1@aol.com Subject: [CANSLIM] Timeliness Date: 14 Sep 1997 00:44:44 -0400 (EDT) Tom: You say that WON's "Timeliness" information in Datablock is not very useful. Why? I'm not arguing with you, but why do you believe it is useful to disregard? Also, why does WON have annual earnings increases or decreases in DG (in graph and in datablock), and also have timeliness? Aren't they based on the same information? What is the difference between the two (besides pronunciation)? I am posting this to CS Digest, rather than to you directly because others might be interested in the distinction you make between "timeliness" and "earnings growth". jans ------------------------------------------------------------------------------- From: lventura@juno.com (Louis F. Ventura) Subject: [CANSLIM] CELL (BrightPoint) Date: 14 Sep 1997 01:07:18 -0400 Is there anyone out there who closely tracks CELL? Better yet, did anyone else BUY off of the last base ($30 range)? It climbed another 10% this week on heavy volume (Friday's volume was about 4x ADV). U/D VOL up to 1.6. I got in about 5 weeks ago at $29.37 and it's now at $43.87 (+49%). It's due for a breather, so I'm guessing that it will cool off and consolidate in the $40 range. It formed a nice 12-week saucer (shallow cup), but skipped the handle. What does this mean? Louis F. Ventura lventura@juno.com Livonia, MI ------------------------------------------------------------------------------- From: lventura@juno.com (Louis F. Ventura) Subject: [CANSLIM] IBD / WON Seminar Date: 14 Sep 1997 01:25:56 -0400 Did anyone attend the 9/13/97 live/satellite seminar? WON was supposed to give his insight into the current market environment. Unfortunately, it wasn't available in the Detroit area. :-( Louis F. Ventura lventura@juno.com Livonia, MI ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] Intro : Michael Boone Date: 14 Sep 1997 01:39:59 -0400 (EDT) In a message dated 97-09-13 01:12:37 EDT, you write: << Question #2 : Can anyone explain to me how to see the "Cup and Handle" pattern in a graph? I have yet to be able to identify one. >> Michael, you're not alone. I had the same trouble until I began to understand why a cup and handle form in the first place. Then it was much easier. The kind of cup and handle O'N talks about forms because of selling interest and buying disinterest, equilibrium between the two, a renewed interest in the stock followed by a period of consolidation, possibly some profit-taking, and accumulation. When enough stock has been accumulated, it breaks out into new territory. Let's say a stock appreciates to a certain point. For whatever reason, selling pressure is heavier than buying pressure and the stock begins to fall, not dramatically, but it does begin to fall. Volume may increase either right before or right after the beginning of this decline. It may dry up at some point then increase again or not, but in any case the stock continues to decline. There may also be a "selling climax", in which there is a sharp increase in volume accompanied by a sharp drop in price. There may be a rebound here, but overall the price continues to decline. At some point, the selling interest and buying interest will reach equilibrium and the stock begin to base. This may last for a day (a "V" bottom) or for a more extended period of time. IMO, the more extended, the better, as this is when accumulation takes place. This is the bottom of the cup, and shouldn't occur more than 30% from the point of initial decline (the left lip of the cup). At the appropriate time, interest will pick up, as will volume. It needn't be a dramatic increase in volume and whatever volume increase there is needn't be continuous. But there will be enough demand to keep the price rising. This is the right side. Again, at some point, there will be an equilibrium between buying and selling. This is the handle and is the end of the first leg. It should form at a level greater than a 50% retracement between the bottom of the cup and the rim of the left side of the cup but not higher than the rim of the left side. This handle can be of indeterminate length, but, again, the longer the better as this is also where accumulation takes place. The handle may drift downward, but no more than 10%. There may be a shakeout day. But this is the launching pad for the next leg up. So, you have a decline on higher than average volume, possibly with a day or more of heavy volume on downward movement, a dryup in the bottom (you can't have it thrashing wildly about in the bottom--this is supposed to be a constructive period, not a continuing tug-of-war), then escalating volume as the price continues to rise, then a further dry-up in the handle. A cup and handle with this sort of volume pattern is likely to be more reliable than a cup and handle without. If price and volume are all over the place during the formation, it's far more difficult for accumulation to take place, and if accumulation of a sufficient amount doesn't take place, any upward moves are more likely to be of brief duration. Note, however, that many people have begun to buy off cup-base breakouts (technically, it's not really a cup at that point, so you'd have to call it a buy off a breakout from a descending trend channel). Thus, by the time the handle has begun to form, they're ready to take their profits then or at the point where the stock breaks out of the handle. This may explain the failed breakouts so many people have noticed recently (though the stock may break out again successfully a few days later). If you're comfortable with charts, you may want to consider buying off these trend channel breakouts as well. If not, consider buying only half a position at a handle breakout. Then, if the breakout fails, you have the choice of either waiting and buying the rest of your position during the next breakout, or moving on to something else if the stock corrects after the failure or does nothing for whatever amount of time you've given it to get down to business. If the breakout is successul, you can "pyramid", i.e., buy the other half of your position 5% or 10% later if the upward price movement looks solid. Hope this makes sense. ----Db ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] tax question? Date: 14 Sep 1997 01:47:26 -0400 (EDT) In a message dated 97-09-14 01:22:13 EDT, you write: << DG is free right now. How can you deduct? By the way, how about the computer, softwares, internet access etc.etc.? >> If something is free, it's not deductible. I was referring to the paper edition. As far as your computer, software, etc., you'd have to prove that you use your computer and so forth only for investment purposes, just as you have to prove that you use whatever portion of your home that you're deducting as office expense solely for business use. Anyone who wants to get this deeply into all this, however, needs to talk to an accountant, not seek advice over the net. Each individual's circumstances are special to him, and nothing piques the IRS' interest like a deduction you're not eligible for. -----Db ------------------------------------------------------------------------------- From: pwahl@postoffice.worldnet.att.net Subject: [CANSLIM] First Alliance Date: 13 Sep 1997 23:27:53 -0800 You guys might want to take a look at First Alliance (FACO) before the market opens on Monday. It is a CANSLIM stock, make your own call, but shows signs of breaking out. ------------------------------------------------------------------------------- From: pwahl@postoffice.worldnet.att.net Subject: Re: [CANSLIM] Intro : Michael Boone Date: 13 Sep 1997 23:27:53 -0800 > Question #2 : Can anyone explain to me how to see the "Cup and Handle" > pattern in a graph? I have yet to be able to identify one. Get a chart of ACTM and you should see a cup & handle pretty clearly. If you can't find it get back to me and I will point it out, but it seems to me to be a very good example of a C&H. ------------------------------------------------------------------------------- From: Michael A Langston Subject: [CANSLIM] day trading defined at last Date: 13 Sep 1997 12:34:43 -0400 along with his usual sage advice connie mack writes: > "Day trader" is a purity word. It is romanticized. It is a succubus. > Beware of her. I have held the bitch. And she turned me loose for the > next day trader who thought he could conquer her; and she never even > looked back at me as she departed. We had some great times together, > the succubus and I, but don't ever take her home with you. She has no > home and a thousand weeping lovers. very eloquently put -- hey, i think there was even a star trek episode about this! ;) mike ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Intro : Michael Boone Date: 14 Sep 1997 10:31:42 -0400 Money can be made using CANSLIM principles on CANSLIM characteristic stocks even in a bear mkt, it's just harder to find them and more risky, as you are fighting the tape. But it can be done. I do agree that if you believe the mkt is deteriorating, correcting, turning bearish, etc, then it's best to let your stops put you into cash, not alter your personal application of CANSLIM (tighter stops, sell everything, etc) to achieve a cash position. The difference is that you don't rush to reinvest that cash till you are confident of the mkt direction ("M"). Not all stocks will go down in a deteriorating mkt, and if you picked correctly, you may be pleasantly surprised to see yours continuing upward. As to WON being silent, that's not correct. Remember that he sells his service primarily to institutionals. I'm sure they are getting guidance from him at the time. We just don't hear about it since we're not paying the big bucks, and he's not going to go on CNN and give it away for free. We hear about it in one of his seminars, when he uses it as a learning tool to help us "read" mkt direction better. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Dbphoenix@aol.com > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Intro : Michael Boone > Date: Saturday, September 13, 1997 12:32 PM > > In a message dated 97-09-13 09:00:28 EDT, you write: > > << Bottom line, it is not necessary to fully understand the WHY part, > just be able to understand the current state of the mkt direction, > and to recognize when that changes. >> > > I sometimes feel like a lone voice in the wilderness on this subject. > Whenever there's a new high in something or deterioration in something, > everyone starts asking about "M" and how to perceive the "signals" that we're > in trouble. O'N and others really aren't much help here. He and others are > particularly adept at pointing to pivot points, signals, follow-through days > (or lack of them), etc., in hindsight, but are notably silent as they are > occurring. To be sure, there are plenty of people who will make > > CS is like an insurance policy. As long as you have your stops set and the > discipline to exercise them, and as long as the charts of your particular > stocks look fine, there's no reason to exit prematurely. When we get into ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Timeliness Date: 14 Sep 1997 10:55:15 -0400 I don't recall saying, or at least meaning to say, that Timeliness is not useful. It is in fact one of about 15 characteristics I specifically look at, as it presents a scale for performance over the next year based primarily on earnings and price action. It should be judged, and used, in conjunction with beta. On the other hand, I don't give it as much weight or importance as RS or EPS as these tend to reflect shorter term performance, and while I am willing to buy a stock for long term performance, I don't want to sit with "dead capital" at a loss short term. When I buy a stock, whether for short term (anything from a day to three months) or for long term (usually over six months), I still want a virtually immediate paper profit. If I have bot for long term, and the stock makes a nice move up and begins to consolidate, I am willing to continue holding so long as Timeliness does not drop. Should it deterioriate, then I may consider taking my profit and waiting to see if I want to rebuy it later for long term. On the other hand, I have bot any nr of stocks for short term trading that had a Timeliness of C, D or E and made money. In those cases, I guess I was pretty much ignoring Timeliness altogether, and basing my actions on the chart and other CS characteristics. Timeliness is another proprietary formula constructed from "recent earnings changes" combined with "price performance" indicating "possible or potential relative price performance over the next 12 months". In other words, it is weighed more heavily on the "change" in "recent" earnings than on overall earnings, and factors in how the price was affected at the time. There is a substantial difference between Timeliness and annual earnings growth. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: JANSI1AUG1@aol.com > To: CANSLIM@xmission.com > Subject: [CANSLIM] Timeliness > Date: Sunday, September 14, 1997 12:44 AM > > Tom: > > You say that WON's "Timeliness" information in Datablock is not very > useful. Why? I'm not arguing with you, but why do you believe it is useful > to disregard? > > > Also, why does WON have annual earnings increases or decreases in DG (in > graph and in datablock), and also have timeliness? Aren't they based on the > same information? What is the difference between the two (besides > pronunciation)? > > I am posting this to CS Digest, rather than to you directly because > others might be interested in the distinction you make between "timeliness" > and "earnings growth". > > jans ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] First Alliance Date: 14 Sep 1997 17:01:08 GMT On Sat, 13 Sep 1997 23:27:53 -0800, you wrote: :You guys might want to take a look at First Alliance (FACO) before=20 :the market opens on Monday. It is a CANSLIM stock, make your own=20 :call, but shows signs of breaking out. Curious. This is at Yahoo under "Profile": (updated Sep 12, 1997) . . . Daily Volume (3-month avg) 28.1K Share-Related Items Market Capitalization $113.6M Shares Outstanding 3.79M Float 3.20M ----> Note the 3.79 M shares/3.2 M float. DG online says 14.7 M shares. What could account for the disparity? DG says the funds are in this to the tune of 57%. That's very high. Looks like a possible classic breakout in the works, based on the chart. Dan ------------------------------------------------------------------------------- From: "Jack Markowitz" Subject: Re: [CANSLIM] First Alliance Date: 14 Sep 1997 12:49:57 -0500 Market Guide has the outstanding at 3.79 million shares and the float at 3.2 million. Another point.... FACO is 85% owned by institutions... isn't that too high to qualify for a CANSLIM stock? See ya, Jack jack@jackm.com http://www.jackm.com Jack's Picks ---------- On Sat, 13 Sep 1997 23:27:53 -0800, you wrote: :You guys might want to take a look at First Alliance (FACO) before :the market opens on Monday. It is a CANSLIM stock, make your own :call, but shows signs of breaking out. Curious. This is at Yahoo under "Profile": (updated Sep 12, 1997) . . . Daily Volume (3-month avg) 28.1K Share-Related Items Market Capitalization $113.6M Shares Outstanding 3.79M Float 3.20M ----> Note the 3.79 M shares/3.2 M float. DG online says 14.7 M shares. What could account for the disparity? DG says the funds are in this to the tune of 57%. That's very high. Looks like a possible classic breakout in the works, based on the chart. Dan ---------- ------------------------------------------------------------------------------- From: Sam Funchess Subject: [CANSLIM] FACO Date: 14 Sep 1997 16:26:11 -0700 Deleted before I could reply to the original post. It has a RS of 58. I would be cautious and want to know why it traded 14% of its outstanding shares and only increased 1.80. It also traded at 31x is average daily volume with the same result. Someone might want to call the company and see if there are any talks of merger or acquisition. Also DG does not have a Data Block on it which means WON is not covering it, why not? It is at its all time high (within 1/8 point). http://biz.yahoo.com/bw/97/09/12/faco_y000_1.html Maybe someone could shed some light on this info. Sam sam5@mindspring.com ------------------------------------------------------------------------------- From: Sam Funchess Subject: [CANSLIM] BOOL Date: 14 Sep 1997 18:04:36 -0700 Has anybody looked at Boole & Babbage? If you look at their weekly chart you will see a classic C&H. All the fundamentals look great, RS 84, EPS 93, New high, sold their product to a foreign govt., Group Str. A, A/D B, 3% debt, blah blah blah. I really like the 9+ days of short interest. Nice short squeeze to push the price up. Take a look and see what you think. Sam sam5@mindspring.com ------------------------------------------------------------------------------- From: Sam Funchess Subject: [CANSLIM] Blonder Tounge Lab Date: 14 Sep 1997 18:30:55 -0700 IBD had this in their New America page, I originally passed it by but I just took a look at it. Quite weird 8.5 million shares outstanding 2.5 million float, must be some serious insider holdings. Also only 3% funds. Tele communications industries are on the move up the food chain. Someone is eating them up. Up 93% on 50 day average volume. Good numbers but low average daily volume, showed good consolidation after price run up. Sam sam5@mindspring.com ------------------------------------------------------------------------------- From: bannis@kraken.mvnet.wnec.edu (Brian Annis) Subject: Re: [CANSLIM] The Bear has scratched on my front door. Date: 14 Sep 1997 19:36:54 -0400 (EDT) > Tom I assume you were speaking of Iomega, if you look at the week > ending Aug. 30 I see some distribution starting. It was negated when > the stock began a strong upward climb by the end of the week. It then > begins to stall on Sept. 4. Then all last week it falters each day on > stronger volume. Then begins to rise on less volume. When I looked at > the chart on Thursday it gave me the willies and I dumped and began > looking elseware. You are correct, all the CS numbers look great, that > is why I picked it up at 21.25. It was a lager at the time I bought > it, possible because I was new to CS, and felt I should hold onto it > atleast the thirteen weeks. I then proceeded to keep it to my 25% > profit point, but instead I waffled and thought that it ran up in two > weeks maybe it will keep going. Well down to about 20% gain instead of > the high around 30%. I would rather take my 20% and find something > that doesn't scare me. Why do I get the impression that you never looked at a chart covering more than one year for this company? ------------------------------------------------------------------------------- From: Sam Funchess Subject: Re: [CANSLIM] The Bear has scratched on my front door. Date: 14 Sep 1997 20:20:34 -0700 I have studied the chart for the past three years, huge run up then down. If you mean the run up; it collapsed while the rest of the industry kept going. Other than that please explain. Sam Brian Annis wrote: > > Tom I assume you were speaking of Iomega, if you look at the week > > ending Aug. 30 I see some distribution starting. It was negated when > > > the stock began a strong upward climb by the end of the week. It > then > > begins to stall on Sept. 4. Then all last week it falters each day > on > > stronger volume. Then begins to rise on less volume. When I looked > at > > the chart on Thursday it gave me the willies and I dumped and began > > looking elseware. You are correct, all the CS numbers look great, > that > > is why I picked it up at 21.25. It was a lager at the time I bought > > it, possible because I was new to CS, and felt I should hold onto it > > > atleast the thirteen weeks. I then proceeded to keep it to my 25% > > profit point, but instead I waffled and thought that it ran up in > two > > weeks maybe it will keep going. Well down to about 20% gain instead > of > > the high around 30%. I would rather take my 20% and find something > > that doesn't scare me. > > Why do I get the impression that you never looked at a chart covering > more than one year for this company? ------------------------------------------------------------------------------- From: "Chuck" Subject: [CANSLIM] PITBULL INVESTING Date: 14 Sep 1997 21:37:09 -0500 Anyone know anything about PITBULL INVESTING? They claim to be a modified CANSLIM. Anyone tried them or know what mechanical system they use? Any info at all???? Thanks, Chuck ------------------------------------------------------------------------------- From: "Jerry Buchheit" Subject: [CANSLIM] First Alliance Date: 14 Sep 1997 21:41:27 -0500 I have been lurking and learning from the wisdom of this fine group for some time now. The mention of First Alliance Corp by P Wahl and a follow up by Dan Musicant led me to investigate this company for several hours. The chart displays a cup & handle that even I can recognize! Dan was right about there being differences regarding the fundamentals reported by various sources. This led me back to IBD. I am impressed and will be in with a market order in the morning. Thanks for the info. Jerry Buchheit Plano, TX ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] FACO Date: 14 Sep 1997 22:50:46 -0400 A lack of data block on the Daily Graphs Online simply means its not in the books. There are a variety of reasons why it didn't make the "cut" for the books, but the most common is lack of liquidity compared to other stocks in its industry group. The next most common cause is low price. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Sam Funchess > To: Can Slim > Subject: [CANSLIM] FACO > Date: Sunday, September 14, 1997 7:26 PM > > Deleted before I could reply to the original post. It has a RS of 58. I > would be cautious and want to know why it traded 14% of its outstanding > shares and only increased 1.80. It also traded at 31x is average daily > volume with the same result. Someone might want to call the company and > see if there are any talks of merger or acquisition. Also DG does not > have a Data Block on it which means WON is not covering it, why not? > It is at its all time high (within 1/8 point). > > http://biz.yahoo.com/bw/97/09/12/faco_y000_1.html > > Maybe someone could shed some light on this info. > > Sam > sam5@mindspring.com > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] The Bear has scratched on my front door. Date: 14 Sep 1997 22:58:31 -0400 Not sure who the comments are directed to, since I think any comments I made on distribution were regarding the "market" at large. But you are correct, I rarely look at more than a one year chart, at least a DG type. I simply haven't found events and prices and support and resistance of over a year to be significant to how a stock trades today. Granted there are bound to be some shareholders that bot at whatever price, and are still holding on waiting to break even if/when it ever hits that price again. But after 12 months, one tax writeoff cycle has already passed, and likely the nr of shareholders that may still constitute "overhead supply" are so few in nr (and in nr of shares) as to not even be a blip in the chart. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Brian Annis > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] The Bear has scratched on my front door. > Date: Sunday, September 14, 1997 7:36 PM > > > Tom I assume you were speaking of Iomega, if you look at the week > > ending Aug. 30 I see some distribution starting. It was negated when > > the stock began a strong upward climb by the end of the week. It then > > begins to stall on Sept. 4. Then all last week it falters each day on > > stronger volume. Then begins to rise on less volume. When I looked at > > the chart on Thursday it gave me the willies and I dumped and began > > looking elseware. You are correct, all the CS numbers look great, that > > is why I picked it up at 21.25. It was a lager at the time I bought > > it, possible because I was new to CS, and felt I should hold onto it > > atleast the thirteen weeks. I then proceeded to keep it to my 25% > > profit point, but instead I waffled and thought that it ran up in two > > weeks maybe it will keep going. Well down to about 20% gain instead of > > the high around 30%. I would rather take my 20% and find something > > that doesn't scare me. > > Why do I get the impression that you never looked at a chart covering > more than one year for this company? ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Blonder Tounge Lab (BDR) Date: 14 Sep 1997 23:22:45 -0400 Aside from trading on AMEX, it looks good. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Sam Funchess > To: Can Slim > Subject: [CANSLIM] Blonder Tounge Lab > Date: Sunday, September 14, 1997 9:30 PM > > IBD had this in their New America page, I originally passed it by but I > just took a look at it. Quite weird 8.5 million shares outstanding 2.5 > million float, must be some serious insider holdings. Also only 3% > funds. Tele communications industries are on the move up the food chain. > Someone is eating them up. Up 93% on 50 day average volume. Good numbers > but low average daily volume, showed good consolidation after price run > up. > Sam > sam5@mindspring.com > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] First Alliance Date: 14 Sep 1997 23:26:47 -0400 The RS of 58 and the volume anomoly on Friday would make me take some time to research and study. I'm also not personally comfortable with this group as it is subject to too much influence from expected and actual interest rates. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: pwahl@postoffice.worldnet.att.net > To: canslim@mail.xmission.com > Subject: [CANSLIM] First Alliance > Date: Sunday, September 14, 1997 3:27 AM > > You guys might want to take a look at First Alliance (FACO) before > the market opens on Monday. It is a CANSLIM stock, make your own > call, but shows signs of breaking out. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Intro : Michael Boone Date: 14 Sep 1997 23:34:04 -0400 True, mass hysteria does factor into market actions, but with the bulk of the buying power in the hands of institutional money mgrs types, I presume them to be a little more sophisticated and less reactive than the average individual investor (my browsing thru the investment NGs shows far too many investors trying to figure out out to short a stock when they are still asking why they had to pay the offer on a mkt buy while the stock was trading at the bid). I expect institutional types to be looking at the same material and forecasts I am, therefore their reaction will hopefully parallel mine (even tho I think I am a tad smarter!). I think the institutional money mgrs are smart enough to know who to listen to (and it certainly isn't the media script readers). Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Bill S. > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Intro : Michael Boone > Date: Saturday, September 13, 1997 11:52 AM > > Maybe an introduction to MOB PSYCHOLOGY would help, Tom. In the old > days, the term was PROPAGANDA, and then later refined to as MARKETING. > The market's direction is determined by what the OPINION leaders are > disseminating and not so much on technical factors. The MOB listens to > OPINION leaders. e.g. the likes of Greenspan, Ruben, Lynch, James, etc. > > Bill-->> > -------------------- > > Tom Worley wrote: > > > My personal focus over the past ten years has been in trying to > > understand the dynamics of the market (e.g. WHY did the mkt go up > > or down - yeah, I know, more buyers than sellers) with special > > emphasis on the relationship between the market and economic > > reports, precious metals, bond market, and currency exchange rates. > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] tax question? Date: 14 Sep 1997 23:45:32 -0400 While not a tax expert, I have done my own taxes for the past three plus decades. First, you should put your buy and sell confirms together. Second, the commissions paid are a part of the total cost and proceeds basis, when you file you don't report the cost per share, you report the total cost which includes commissions and other trade unique charges. Third, if you are itemizing, then you may be able to also deduct the cost of interest on a margined acct, and other charges such as investment and research svcs you have purchased. I doubt you can deduct the cost of internet access unless you are able to show IRS that you only use it for portfolio management. Finally, the 1099 that will be issued by the brokerage firm to IRS, copy to you, will only typically show the total dollar amounts of all your sells. It is up to you to document on Schedule D of your tax return what your original cost basis is, and thereby your gain or loss. Otherwise, the Form 1099 presumes a cost basis of zero. I expect the Schedule D for 1997 to be more difficult due to the change in tax laws. Like always, you should consult an expert for tax filing assistance. But you can make the job easier if you organize your records beforehand. And, since you may need to be making some tax related sell decisions in the next three months, it is incumbent upon yourself to know where you stand on net total gains/losses for 1997, and this year you have to start accounting for whether those gains or losses are short or long term. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: RClegg > To: canslim@mail.xmission.com > Subject: [CANSLIM] tax question? > Date: Saturday, September 13, 1997 2:40 PM > > I have owned mutual funds in the past but am new to trading this year. > Can some one please tell me if at the end of the year I have to submit > all of my trades for the year to my accountant for him to figure my > specific profit or loss on each trade? Or will I get a statment from my > brokers ( etrade, datek) indicating my total short term capital gains. I > have been making about 3-5 trades a week and while I have my trade > confirmations in a pile in the office, I have not really organized them. > Also are brokerage commissions tax deductable? Thank in advanced, and > thank you to all of the regular contributor on this list that make it so > interesting and informative. I have received many good idea's and > information. > Russell ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Global Marine GLM (was Group Coming out of the Pack) Date: 15 Sep 1997 00:20:56 -0400 Chart and CANSLIM nrs all look good. Too extented for a fresh buy right now but if I owned it already I certainly would hold. With a float of 165 mil shares, I suspect its continued strength stems in part from the top performance of the energy service group. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Jack Markowitz > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Group Coming out of the Pack > Date: Friday, September 12, 1997 11:30 AM > > Tom, > If you don't mind, run Global Marine GLM throught the CANSLIM process. > Tell me what you think. > > Thanks, > Jack > jack@jackm.com > http://www.jack.com > Jack's Picks > > > ---------- > > From: Tom Worley > > To: CANSLIM > > Cc: Jacques Ferron > > Subject: [CANSLIM] Group Coming out of the Pack > > Date: Friday, September 12, 1997 7:00 AM > > > > In the past several days, I have noted more of the stocks being > > added to my watch list are falling in the "Computer - Peripheral > > Equip" Group. GRS now 79 and top five are GECM, CGN, CREAF, TTN, > > and SPLH. My favorite is the #1, GECM. > > > > Any statements or opinions are strictly my own and not that of my > > employer. My comments should not be interpreted as a recommendation > > of any kind. I am a licensed (inactive) broker and an active > > investor. All investors should do their own research prior to any > > investment, especially one learned about on the Internet. Hopefully > > my comments will better inform and educate all investors. > > > > tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] UTI - Why? Date: 15 Sep 1997 00:28:23 -0400 Having looked at the chart, I confess I am surprised at the strength in the stock. Maybe part of it is the 3:1 split, not many doing this large of a split, most are 3:2 or 2:1. DG Online is now showing 13.1 mil shares in the float, I presume this is post split from your data. As to the 5.9 mil shares to be sold, from your post this sounds like shares already existing, maybe now just being registered, so at a minimum already counted in the per share nrs, and not all may go to mkt immediately. I would guess that Monday and Tuesday will be the "test days" to see if the strength continues. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Tim Fisher > To: canslim@mail.xmission.com > Cc: upupandaway@shango.com > Subject: [CANSLIM] UTI - Why? > Date: Friday, September 12, 1997 10:54 AM > > I am not normally one to complain about success but UTI has me baffled. > They announce a 3:1 split, run up from 20-25, crash back down, move up over > 25 before the split (all on a bit above normal volume). This much I get. > Then they split last Friday, gap up every day this week on 200-300K volume, > (33K avg!) even after they announced an additional 5.9 million shares will > be sold by underwriters (major shareholders from the initial offering?) with > only 4 million shares outstanding and 1.2 million float! I think the 4 mill > was pre-split, prob. 12 mill now or they couldn't sell 5.9 million now could > they. Anyway I am not familiar with the mechanics of this situation, i.e. > why would UTI suddenly get "hot" on this kind of news? Is it that the float > was too small before the split and now the impending sale, and the big boys > are gobbling it up? > > Anyway it is by far the fastest meteor I have ever ridden, if I could have > sold everything I own to get on this rocket on the 8th (the date they > announced the split and sale) I would be retiring tomorrow. > > Tim Fisher > tfish@spiritone.com > 1995 President - Pacific Fishery Biologists > Keeper of the ORE-ROCK-ON Rockhounding in Oregon Home Page > http://www.spiritone.com/~tfish > ------------------------------------------------------------------------------- From: Peter Christiansen Subject: RE: [CANSLIM] Distribution Date: 15 Sep 1997 13:28:32 GMT+7 ** Reply to note from "Paul Bienstockr" Thu, 11 Sep 97 19:15:28 UT > How do you define distribution and is this based on volume? Further, is this > something that you can do real-time or is it really determined > retrospectively? It is determined by looking at price and volume of the various market indicies at the end of the day. WON explains it fairly well in HTMMIS. Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ Can you repeat the part after "Listen very carefully"? ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] RE: IPIC Date: 15 Sep 1997 09:08:21 -0400 Members-- Will be purchasing IPIC as an initial trade this morning. Have no idea how it looks to CS. Connie Mack ------------------------------------------------------------------------------- From: Johan Van Houtven Subject: Re: [CANSLIM] RE: IPIC Date: 15 Sep 1997 15:16:03 +0200 IPIC: biotech EPS 6 RS 21 Acc C Definately not a CANSLIM stock. :-) At 09:08 AM 15/09/97 -0400, you wrote: >Members-- > >Will be purchasing IPIC as an initial trade this morning. > >Have no idea how it looks to CS. > >Connie Mack > > > --- Johan Van Houtven ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] RE: IPIC Date: 15 Sep 1997 09:41:02 -0400 Members-- Do not take any action on IPIC. Believe they have had to recall couple of products. Connie Mack Johan, thanks for the CS estimate. ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: Re: [CANSLIM] Sam Funchess & Members Date: 14 Sep 1997 23:53:35 -0400 Connie: That is the closed ever any one could get to my name. Thanks. Surindra Connie Mack Rea wrote: > > From: > Sam Funchess > 17:29 > > Subject: > [CANSLIM] The Bear has scratched on my front door. > To: > Can Slim > > I have turned bearish on the market as of Thursday. I have liquidated > two of my "large cap" companies that have done me well and pyramided > on > some of my smaller stocks. I am currently about 15% in cash looking to > short some of the larger companies. I noticed that IBM has dropped > below > > their 50 dma and am thinking the are a good candidate if they slip a > little more. > Connie Rae, I have sold my Iomega on Thursday for 25 and some change. > 20% profit, I saw some distribution late last week and early this week > and decided to unload while there was price movement. Just curious if > you have sold or are you still carrying it. I also was curious if you > turn the same stocks everyday or do you hold them for a period of > days? > I am just looking for the average time you hold your stocks. > > I just wanted to know if anyone feel the same I do. > In future, if someone would like a response from me please say so in > the > > message. I would like to respond to a lot more but it has become > increasingly difficult for me to read my mail, none the less respond > to > all of them I would like to. > > Sam > sam5@mindspring.com > > Sam-- > > Thanks for the questions about IOMG, etc. > > To your First Question, Sam: IOMG jerked me around a bit in the > middle > of August. Was in and out twice in three days. Ended up in, and am > still holding a partial position. I am looking for a way out with a > couple of points. > > It was, I believe, Surinduh [forgive me for the spelling, but I clear > out my mail at the end of the day] who had asked me about some stocks > he > was holding. On Tuesday, I told him that a couple of my trader > friends > and I were trying to be absolutely liquid by Friday. We thought, and > still do think, that the short term is down. For us, that is 3-10 > days, > but we'd not be surprised if the feeling ran out beyond the 10 days. > We > hoped to be filtering for shorts and ready to take a 50% short > position > in our accounts by Monday. Arbitrarily, we choose not to short more > than a 50% position. > > I thought I would be free from IOMG even before you jumped. Though it > is still a hold by my indicators, I just have a feeling about the > market, and, consequently, tech stocks--and any other high beta > stocks. > I think you did right, Sam. Mine will be gone Monday, no matter > what--even in the light of today's turn. I haven't had time to read > the > market yet this afternoon. > > To your Second: I have held IOMG five, maybe six, times in 23 days. > My > longest hold was eight days; my shortest was two. As you know I > prefer > to be a pure day trader. But purity is a sin. I like trying to > outguess daily high|lows, and I like nothing better than to be in and > out twice in one day. As I said, that is a once a month happening; > and > if it doesn't happen that often, I never try to double up. > > Having said that, my two friends [who fortunately have nearly > identical > trading strategies and use mostly the same software--mostly devised by > a > friend of mine at the university] and I trade on indicators set up on > pretty short parameters. We, consequently, get a good jerking around > once in a while [as in IOMG last month]. What we hope to find is stock > that has a high beta [1.5 or higher], get in at the right time > [remember, we have inviolate 7-8% stop loss setting on every stock], > and > get a ride. > > I mentioned in an earlier post, that once I have a gain equall to my > stop in a stock, I will never take a loss. I move my stops such that > I > either break even or come up with a profit, no matter how small. > > You can see that, because of our sensitive indicator settings and > inviolate stops, we, only once while, get in at the most opportune > price; but, if the stock has three or four days of candlestick green, > we've made some money real fast. But short that occasional fast money > stock, we hold until we get a sell. Each of my friends and I do > sometimes change our indicators--setting them up to be less sensitive, > especially if nothing unexpected appears to be happening. But even in > this remarking of indicators, we never cheat so that a loss can be > massaged into break even or profit. > > Sam, as you learn to trade with tighter and tigher indicators [start > out > with intermediate settings], be less concerned that you are acting > like > a day trader and more concerned that you are listening to your > indicators, irrespective that you are holding longer than a day trader > would. > > "Day trader" is a purity word. It is romanticized. It is a succubus. > Beware of her. I have held the biddy. And she turned me loose for > the > next day trader who thought he could conquer her; and she never even > looked back at me as she departed. We had some great times together, > the succubus and I, but don't ever take her home with you. She has no > home and a thousand weeping lovers. > > Perhaps, most important, Sam, is to get to know five stocks that have > not "lied" to your indicators; run scans on their history. A stock > that > will lie once is inclined to lie again--a bit like people. I have a > flexible rule that I look back a year and a half to two years. If the > stock hasn't lied, and it meets my requirements, I give it a ride. > When > it lies, I treat it the same way the succubus treated me [though I > have > given a couple of stocks a second chance when I thought there had been > some misunderstanding about how published reports were interpreted]. > > Always a pleasure to take to you, Sam, and to the other members. > Please > mail me if I have not answered you fully or if you have some other > thoughts about the market. > > Respectfully, > > Connie Mack ------------------------------------------------------------------------------- From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] Changing your canslim subscription Date: 15 Sep 1997 08:00:19 -0600 This is a monthly posting to the CANLSLIM group. Frequently, people sign up for the canslim list and then are overwhelmed by the volume of the email. There are two remedies for this problem: 1) You can leave our group, or 2) you can switch to the digest version which "conglomerates" many canslim messages into one large message. To change your configuration, email a message to: majordomo@xmission.com The remove yourself from the canslim list, write in the body of the email: unsubscribe canslim To add yourself to the digest version of the canslim list, write in the body of the email: subscribe canslim-digest For general help with majordomo commands, write in the body of the email: help If you need further clarification, write me directly at: canslim-owner@xmission.com Best Regards, Jeff Salisbury - CANSLIM list admin / owner ------------------------------------------------------------------------------- From: "Gess Shankar" Subject: Re: [CANSLIM] RE: IPIC Date: 15 Sep 1997 11:18:53 -0500 On 15 Sep 97 at 9:41, Connie Mack Rea wrote: > > Do not take any action on IPIC. Believe they have had to recall > couple of products. > Why no action? Already profitable as a short trade. I expect the price to be 15 1/2 tomorrow when the Redux recall hits the papers. Not CANSLIM by any means, though. Gess ------------------------------------------------------------------------------- From: Jerry Sze Subject: [CANSLIM] Group Components Date: 15 Sep 1997 08:50:40 -0700 Hi there, How can I find out the stocks making up each of the indutry groups? For example, what is in the Elec-Semiconductor Equip? Thanks, Jerry ------------------------------------------------------------------------------- From: rpitts@smtp.microcom.com (Ron Pitts) Subject: Re: [CANSLIM] Group Components Date: 15 Sep 1997 12:07:57 -0400 --IMA.Boundary.477933478 Content-Type: text/plain; charset=US-ASCII Content-Transfer-Encoding: 7bit Content-Description: cc:Mail note part I have asked IBD how to find the stocks that make up their industry groups in the past. They informed me that there isn't any one place that I could go to get that info, even if I wanted to pay for it. They suggested to me that I cut out the industry group focus, which is a part of the Companies in the News page, every day and that eventually I would have the majority of the groups. I've been following their suggestion now for about a year or so and I do have about 70% of the groups. You don't get all stocks because the Industry group focus only shows the top 15 or 20. This is a time consuming process since I add these stocks to data groups that I set up in Windows on Wallstreet. I still can't believe that this is the only way to get the data, especially since IBD and DG Online, provide Group standings. If one was to see a great performing group, or wanted to follow a group rotation strategy, you wouldn't be able to find the stocks in the group or do sector rotation. If DG Online expects me to pay $700 or $800 a year, this is one thing that I will have to have access to before I consider spending that kind of money. Ron Pitts ______________________________ Reply Separator _________________________________ Author: Jerry Sze at smtp Hi there, How can I find out the stocks making up each of the indutry groups? For example, what is in the Elec-Semiconductor Equip? Thanks, Jerry --IMA.Boundary.477933478 Content-Type: text/plain; charset=US-ASCII; name="RFC822 message headers" Content-Transfer-Encoding: 7bit Content-Description: cc:Mail note part Content-Disposition: inline; filename="RFC822 message headers" Received: from mail.microcom.com (207.31.204.10) by smtp.microcom.com with SMTP (IMA Internet Exchange 2.1 Enterprise) id 0003BEB6; Mon, 15 Sep 97 11:51:24 -0400 Received: from sw.microcom.com ([207.31.204.1]) by mail.microcom.com (Netscape Messaging Server 3.0) with ESMTP id AAA18241 for ; Mon, 15 Sep 1997 11:46:10 -0400 Received: from sw.microcom.com (root@localhost) by sw.microcom.com (8.7.5/8.7.3) with ESMTP id LAA18412 for ; Mon, 15 Sep 1997 11:49:56 -0400 (EDT) Received: from mail.xmission.com (mail.xmission.com [198.60.22.22]) by sw.microcom.com (8.7.5/8.7.3) with SMTP id LAA18408 for ; Mon, 15 Sep 1997 11:49:55 -0400 (EDT) Received: from domo by mail.xmission.com with local (Exim 1.62 #4) id 0xAdOn-0003Wy-00; Mon, 15 Sep 1997 09:49:17 -0600 Received: from isp1.isp.net [205.216.190.3] (root) by mail.xmission.com with smtp (Exim 1.62 #4) id 0xAdOh-0003WO-00; Mon, 15 Sep 1997 09:49:11 -0600 Received: from js1 ([208.128.213.51] (may be forged)) by mail1.isp.net (8.8.6/8.7.1) with SMTP id IAA19704; Mon, 15 Sep 1997 08:50:17 -0700 (PDT) Message-ID: <341D5950.1AE4@orchidcapital.com> Organization: Orchid Capital Mgmt. X-Mailer: Mozilla 3.0 (WinNT; I) MIME-Version: 1.0 CC: Canslim List Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Sender: owner-canslim@xmission.com Precedence: bulk Reply-To: canslim@mail.xmission.com --IMA.Boundary.477933478-- ------------------------------------------------------------------------------- From: bannis@kraken.mvnet.wnec.edu (Brian Annis) Subject: Re: [CANSLIM] The Bear has scratched on my front door. Date: 15 Sep 1997 12:41:54 -0400 (EDT) > I have studied the chart for the past three years, huge run up then > down. If you mean the run up; it collapsed while the rest of the > industry kept going. Other than that please explain. > Sam The expectations and comments posted re current price action of IOM just seemed inconsistent with what was visible on a multiyear chart, but had (just) dropped off a 1yr chart. While its true that a potential resistance level loses strength as time passes, there's nothing magical about 1 year, and worth looking at the longer term also, for this and other reasons. ------------------------------------------------------------------------------- From: Jerry Sze Subject: Re: [CANSLIM] Group Components Date: 15 Sep 1997 09:38:29 -0700 Ron, Thanks for the info, one source for Industry Group might be from PitBull Investor, in addition to their PB stock picking books, they also offer an industry group listing. May be someone from CANSLIM-list has tried it? For users of Telescan, group components are available, while I question the assignment for some of the stocks, it still beats building groups from scratch as DailyGraphs is proposing. Jerry ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: Re: [CANSLIM] RE: IPIC Date: 15 Sep 1997 12:50:14 -0400 --------------2F725D80FB9B35272BC93615 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Gess Shankar wrote: > On 15 Sep 97 at 9:41, Connie Mack Rea wrote: > > > > > Do not take any action on IPIC. Believe they have had to recall > > couple of products. > > > > Why no action? Already profitable as a short trade. I expect the > price to be 15 1/2 tomorrow when the Redux recall hits the papers. > Not CANSLIM by any means, though. > > Gess Gess-- Technicals were weird on IPIC. Mine gave a buy on Friday. I set up my order for Monday. Looked over the stock this morning just to be sure I had the stops staggered right. Nothing amiss. So I posted. Not the trusting type, I always tape conversations with brokers, especially when I have staggered buys|sells. When I called to make the tape, I asked for any pre-market news. He said he hadn't seen any. I have a schedule of questions--six to be exact--that I always clear before cutting the transaction loose. One of my checks is to get a bid|ask. Christ! There is almost a 3 point difference. That's poison, whether up or down. Before I can get to the net for a search, CNBC is covering the recall. If you got off a short, Gess, you're a good man. How did you get one off? At what price? Or were you just commenting? Connie Mack --------------2F725D80FB9B35272BC93615 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Gess Shankar wrote:
On 15 Sep 97 at 9:41, Connie Mack Rea wrote:

>
> Do not take any action on IPIC.  Believe they have had to recall
> couple of products.
>

Why no action? Already profitable as a short trade. I expect the
price to be 15 1/2 tomorrow when the Redux recall hits the papers.
Not CANSLIM by any means, though.

Gess

   Gess--

Technicals were weird on IPIC.  Mine gave a buy on Friday.  I set up my order for Monday.

Looked over the stock this morning just to be sure I had the stops staggered right.  Nothing amiss.  So I posted.

Not the trusting type, I always tape conversations with brokers, especially when I have staggered buys|sells.  When I called to make the tape, I asked for any pre-market news.  He said he hadn't seen any.

I have a schedule of questions--six to be exact--that I always clear before cutting the transaction loose.  One of my checks is to get a bid|ask.  Christ!  There is almost a 3 point  difference.  That's poison, whether up or down.  Before I can get to the net for a search, CNBC is covering the recall.

If you got off a short, Gess, you're a good man.  How did you get one off?  At what price?  Or were you just commenting?

Connie Mack --------------2F725D80FB9B35272BC93615-- ------------------------------------------------------------------------------- From: "Gess Shankar" Subject: Re: [CANSLIM] Group Components Date: 15 Sep 1997 13:28:59 -0500 On 15 Sep 97 at 8:50, Jerry Sze wrote: > Hi there, > > How can I find out the stocks making up each of the indutry groups? > For example, what is in the Elec-Semiconductor Equip? > http://quote.yahoo.com Profiles of stocks also have the link to the industry and sub-group. They are not the IBD grouping, however. Gess ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] Group Components Date: 15 Sep 1997 14:00:22 -0400 O'Neil was talking about bringing back the IBD publication which was either quarterly or yearly (cost was about $10 I think) that used to list all of the industry groups. They removed it because they claimed others in the industry were using their groupings without paying for them (I think this was possibly - my speculation - that Telescan had started to hurt the sales of DG - Telescan was basicly using IBD groups for its groups at the time). Anyhow, as others have said - you can use Telescans groups and I think you can access them for free on their web pages. Probably as good as any. Take a look at url ===> http://www.tscn.com/wsc/Industry_Group_Analysis.html Regards, Craig At 08:50 AM 9/15/97 -0700, you wrote: >Hi there, > >How can I find out the stocks making up each of the indutry groups? For >example, what is in the Elec-Semiconductor Equip? > >Thanks, >Jerry > > ------------------------------------------------------------------------------- From: "Gess Shankar" Subject: Re: [CANSLIM] RE: IPIC Date: 15 Sep 1997 13:47:52 -0500 On 15 Sep 97 at 12:50, Connie Mack Rea wrote: > If you got off a short, Gess, you're a good man. How did you get > one off? At what price? Or were you just commenting? > I cannot take credit for it. I subscribe to a service provided by DayTraders Online (http://www.daytraders.com). They post calls live, primarily meant for quick trades (shorts, longs and scalps meant for people with enough risk capital to buy 1000 or 2000 shares. I wish I did, but make do with smaller lots). I have found them to be surprisingly good in calling intraday bottoms and tops of stocks trading high volume. The calls are done using a Web chat program and works fast enough to take advantage of a tick or two. When used with online order-entry like Datek's et al - it helps you make quick profits, if you can pull the trigger fast. IPIC was news in the presession trading. It was also posted in Briefing.com just before the market opened. So your broker is slow. It was possible to take profit in both directions. Gess ------------------------------------------------------------------------------- From: Chune Lee Subject: Re: [CANSLIM] The Bear has scratched on my front door. Date: 15 Sep 1997 15:01:27 -0700 Group, There is an article by Herb Greenberg in today's SF Chronicle forIomega's drop. It is a razor / razor blade story in which Iomega holds the patents on the disks and expect to collect from disk sale. However, a French disk maker Nomai start plans to sell the razor blades after a German court overturn an injunction against Nomai from doing so. Brian Annis wrote: > > > I have studied the chart for the past three years, huge run up then > > down. If you mean the run up; it collapsed while the rest of the > > industry kept going. Other than that please explain. > > Sam > > The expectations and comments posted re current price action of IOM just > seemed inconsistent with what was visible on a multiyear chart, but had > (just) dropped off a 1yr chart. While its true that a potential > resistance level loses strength as time passes, there's nothing magical > about 1 year, and worth looking at the longer term also, for this and > other reasons. ------------------------------------------------------------------------------- From: John Nogueira Subject: [CANSLIM] a question about margin Date: 15 Sep 1997 18:27:18 -0400 I've been thinking about opening a margin account with Datek and have a question that I hope someone can answer. (I've been sending messages to customer support at Datek - but no one ever responds... I wonder if this has anything to do with the cheap commissions).

The question is, once I open a margin account, am I charged interest only when my "real cash balance" falls below zero, or always on 50% of the purchase price of my margineable holdings? For instance, suppose I have an account balance of $40,000 and buy $10,000 of XYZ. As far as I understand this, of the $10,000 used to buy XYZ, $5,000 would be my own, and the other $5000 would be from margin. Now, it would make sense to me that interest would not be accumulating at this point, since I still have a positive cash balance. But since I'm not completey sure, I'm basically asking whether or not I would be charged interest on $5000 used to buy XYZ.

On another note... today I bought Amazon.com (amzn - a non-canslim stock). I have been tracking this stock for about 2 weeks now, climbing ever since. And ever since the favorable review last week by the Motley Fool (www.fool.com), I had been planning to supplement my Canslim stock(s) with this long-term hopeful. But I waited. Thinking the sharp run-up would be halted by profit-sharing... only to watch it jump another 17% on Friday. Darn... right??? But that's not the end of the story. I was determined to jump aboard. Though I was still weighed down by the thought of massive profit-taking, I decided that enough was enough... It's a long term buy - there is no reason to try and time this purchase. So I jumped aboard this morning. I did the right thing.

Hours later, Amazon.com fell 16% to 37 1/8.

I still think I did the right thing.

Any thoughts?

John Nogueira
  ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] CELL (BrightPoint) Date: 15 Sep 1997 15:55:40 -0700 (PDT) At 01:07 AM 9/14/97 -0400, you wrote: >Is there anyone out there who closely tracks CELL? Better yet, did >anyone else BUY off of the last base ($30 range)? It climbed another 10% >this week on heavy volume (Friday's volume was about 4x ADV). U/D VOL up >to 1.6. I got in about 5 weeks ago at $29.37 and it's now at $43.87 >(+49%). It's due for a breather, so I'm guessing that it will cool off >and consolidate in the $40 range. > Yeah, bought on the prior breakout a few months back. >It formed a nice 12-week saucer (shallow cup), but skipped the handle. >What does this mean? > Who cares, it is going nuts off a long, solid base, the longer the better, what else could you ask for? Tim Fisher tfish@spiritone.com 1995 President - Pacific Fishery Biologists Keeper of the ORE-ROCK-ON Rockhounding in Oregon Home Page http://www.spiritone.com/~tfish ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] UTI - Why? Date: 15 Sep 1997 15:55:44 -0700 (PDT) At 12:28 AM 9/15/97 -0400, you wrote: >Having looked at the chart, I confess I am surprised at the >strength in the stock. Maybe part of it is the 3:1 split, not many >doing this large of a split, most are 3:2 or 2:1. DG Online is now >showing 13.1 mil shares in the float, I presume this is post split >from your data. As to the 5.9 mil shares to be sold, from your post >this sounds like shares already existing, maybe now just being >registered, so at a minimum already counted in the per share nrs, >and not all may go to mkt immediately. I would guess that Monday >and Tuesday will be the "test days" to see if the strength >continues. +2 on Monday - didn't see voulme but I assume it was high. I added to my position at the open. Tim Fisher tfish@spiritone.com 1995 President - Pacific Fishery Biologists Keeper of the ORE-ROCK-ON Rockhounding in Oregon Home Page http://www.spiritone.com/~tfish ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Safety Components (ABAG) Date: 15 Sep 1997 20:59:02 -0400 Knew the co pretty well, was offered the chance to place a virtually unlimited nr of their shares when they went public on NMS at $10.00, then they discovered they were a "hot" issue, ended up getting nothing and stupidly didn't jump on them in the aftermkt a short time later when they announced a huge ordnance contract (an often overlooked part of the co as it's not that profitable). At the time they were supplying something like 40% of the airbags for one component systems supplier (TRW??? sticks in my mind) who put together the systems for about a dozen major auto makers. They were building a new plant to make airbags in Mexico which was going to double production. I was impressed with management, they seemed to know what they were doing and were well positioned. Have watched the stock off and on for the past several years, chart does look interesting and will have to find a spot to add it to my watch list. BTW, welcome to the group, and thanks for the stock pick. DG Online shows float at 2.2 mil shares, still small. I must admit, tho, I'm shocked you let your wife throw away the Monday IBD on Monday!! For shame, both of you! I'm all for recycling, but within reason, for heaven's sake. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Dave Kilty > To: canslim@xmission.com > Subject: [CANSLIM] (no subject) > Date: Sunday, September 14, 1997 11:24 AM > > Another lurker responding.My name is Dave Kilty.I've lurked here on the > digest version for several months and would like to say thanks to all of > you!!!This stock may already be too far from breakout but to me it still > looks good.IBD 93 88 A Five million shares outstanding;1.8 million > float.Stock is ABAG.Would appreciate any insight and being as I > subscribe to Digest version could it be sent to kilty@worldnet.att.com > TIA and of course disclaimer:I'm new to CANSLIM and I have a substantial > position in this one. > Regards,Dave > P.S.IBD numbers are from memory as my wife already took Mondays issue to > garbage. > ------------------------------------------------------------------------------- From: Sam Funchess Subject: [CANSLIM] SOCR Date: 15 Sep 1997 21:24:38 -0700 What happened today Tom? Sam ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] a question about margin Date: 15 Sep 1997 21:05:52 -0400 Gess, thanks for waving the magic baton over this "invisible ink" post. Thought it was just me that couldn't see it. Anyway, excellent explanation of how a margin acct works. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Gess Shankar > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] a question about margin > Date: Monday, September 15, 1997 7:55 PM > > On 15 Sep 97 at 18:27, John Nogueira wrote: > > > I've been thinking about opening a margin account with Datek and > > have a question that I hope someone can answer. (I've been sending > > No, you would not be charged interest with a cash balance, but will > earn interest on the $30,000. > > Can you please turn HTML encoding when sending mail to the list. Not > every one reads mail with browsers. It is a pain to read tagged text > in mail. > > Gess ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Group Components Date: 15 Sep 1997 21:13:29 -0400 Depends on who's grouping you are looking for. WON once published his group breakdown, as well as changes to it. However, in an attempt to copy CANSLIM, too many other sources were "borrowing" the info, so he quit publishing it. Keep in mind, tho, that all you have to do is think of a single stock in a top performing group (doesn't have to be a top stock in that group) and you can look at the DG chart for that stock and it will show the top five stocks for that group. As mentioned, you can also clip the list out of IBD (I did that for several years, what a bore in a day and age of computer technology!). For me at least, I am usually focusing on the top five in a group anyway, so not as concerned at knowing the members of the rest of the group. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Jerry Sze > To: custserv@daulygraphs.com > Cc: Canslim List > Subject: [CANSLIM] Group Components > Date: Monday, September 15, 1997 11:50 AM > > Hi there, > > How can I find out the stocks making up each of the indutry groups? For > example, what is in the Elec-Semiconductor Equip? > > Thanks, > Jerry ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] SOCR Date: 15 Sep 1997 21:28:08 -0400 Good question, probably all my fault, too, as I convinced a broker at work to buy some at 11.5. Looked for some time later like that was going to be the best he could buy it at today (in fact he only got a partial fill at 11.5 as the low offer quickly moved away), then the bid started dropping on light vol. Up to that point it had done more than double the daily average, setting a new high in the process. I've still got some buying power left, and was tempted to pick some more up at 11, but elected to wait till Tuesday (both for the economic reports - calendar to follow, as well as to be sure my acct doesn't get restricted for free riding MSON -there are a few advantages to running the back office!). I suspect it was more a case of short term traders taking profits when NASDAQ took a reversal and went into neg territory (even tho a new high on Russell 2000). Remember, I did warn that small caps would be riskier and needed a tighter trigger finger. They don't have the strong staying power of big institutional positions, and due to the small float, can move in wide extremes on relatively small nr of shares. The typical market maker on this stock is only good for several hundred shares at a time at either the bid or ask. If he's there by himself, takes nothing to move him out of the way. I could find no news, so believe it was just technical. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Sam Funchess > To: Can Slim > Subject: [CANSLIM] SOCR > Date: Tuesday, September 16, 1997 12:24 AM > > What happened today Tom? > Sam > > ------------------------------------------------------------------------------- From: "Gess Shankar" Subject: Re: [CANSLIM] eMail issues Date: 15 Sep 1997 21:48:29 -0500 On 15 Sep 97 at 21:05, Tom Worley wrote: > Gess, thanks for waving the magic baton over this "invisible ink" > post. Thought it was just me that couldn't see it. Anyway, excellent > explanation of how a margin acct works. > Tom and everyone, The problem with some of the unreadable messages is due to the fact that many people now use mail clients which ship with browsers like Netscape Communicator, IE and some Lotus creations, which foist on HTML, MIME, weird attachments like vcards, dual encoding and whatnots on the unsuspecting recipients with "legacy" email systems which play by smtp rules. May I request all of you to turn off the fancy features when posting to the list? I run many mailing lists myself and this is one of the most vexing problems I face as an administrator, as such things mess up digesting, archiving etc. and sometimes crash older mail systems. Gess ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] MSON - Non-Marginable Date: 15 Sep 1997 22:13:28 -0400 Tom and all, At 09:25 PM 9/10/97 -0400, you wrote: >MSON (Misonix) is a small cap stock, thus is not >marginable. Tried to reach the company today to see if they have >plans to list NMS ... How can one tell if a stock is small cap or NMS (National Market System?)? Is there a web site with this info. I had been under the (apparently) erroneous impression that if a stock was listed or on the NASDAQ and traded for $5 or more that it was marginable. But then, I have rarely held stocks not in the NMS (I guess). Thanks in advance for any info. Regards, Craig ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Economic Calendar, week of Sept 15, 1997 Date: 15 Sep 1997 22:15:27 -0400 Reported today, MONDAY: US Manufacturer's Profits up to average of 6.4% of sales in Q2, up from 6.3% in Q1, and up from 5.8% in Q2 FY96. Profits on durable goods declined, on non-durable goods increased. The annual rate of return on shareholder equity rose to 17.9% from 16.8% in Q1, but was down from Q2, FY96 when it was at 18.3%. US nonfinancial debt grew at 3.7% rate in Q2, down from 4.7% rate in Q1. Fed debt contracted at a 2.6% rate, while private nonfinancial debt grew at a rate of 5.9%. State and local govt borrowing grew at a 7.7% annual rate. Nonfinancial debt includes borrowing by all sectors of the economy except banks, thrifts, finance cos and other financial svcs providers. TUESDAY CPI, for August, was up 0.2%, expected up 0.3%, however core expected at up 0.2% (if we stay within these nrs, and I think we will, we should be ok) Industrial Production, for August, was up 0.2%, expected up 0.6%; Capacity Utilization expected to show a small rise to 83.3%. Again, we need to stay within these nrs, and I think we will. Business Inventories, for July (old data), was up 0.7%, expected is up only 0.2%. I think this nr is a tad conservative, but should still show a marked decrease in inventory increases over June. WEDNESDAY Housing Starts, for August, was 1.44 mil, expected only a minor increase to 1.46 mil THURSDAY Trade Balance, for July (old data again), was a negative $8.2 bil, expected is a moderate increase to neg $9.5bil. I am expecting something more in the neighborhood of $10.3 to $10.4 bil, with the US-Japan nr also expanding due the continued strength in the US-yen ratio and the general problems with currency in Asia in general (note, just today Kodak suggested that currency exchange rates will impact its bottom line for latest qtr at about $550 mil). Initial Jobless Claims, for week to Sep 13, last was 310,000 and expected is a small increase to 320,000 Money Supply - M2, for week to Sep 8, last was an increase of $18 bil, expected is a decrease of $4.0 bil I am not anticipating any alarming "inflationary" reports this week, nor do I expect any Fed rate hike at this month's FOMC meeting. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Earnings/Revenues Disappointments warnings Date: 15 Sep 1997 22:30:04 -0400 While most of the earnings and revenues commentaries being issued by public cos during the trading day seemed decidedly positive, those coming after the close had a nasty negative trend. Throughout the day, Ascend (ASND) was suffering from brokerage houses downgrading their prospects, warning of earnings shortfalls, and cutting earnings forecasts. It continued to trade down to 32 in the aftermarket, however rumors that it would preannounce a neg surprise after the close had not happened as of 7:30PM. Adding to the pressure was Eastman Kodak, which announced it would approximate last year's results, meaning it misses this year's estimates by about $1.00 a share. Not good. It was almost at 60 in aftermarket trading, giving up 4.5 pts there. And it's in the Dow 30, so could account for an easy 10-15 pts down on the open for that index if there is no rebound. Note, ASND made no comments that I could find, everything was coming from analysts at various brokerage houses. Other companies warning of shortfalls included Amer. Pad and Paper (AGP); York Int'l (YRK); Carriages Svcs (CRSV); and Proxim (PROX) which recently broke thru its last support at 20. PROX had been expected to report earnings of 17 cents, now expects to break even for the qtr. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] MSON - Non-Marginable Date: 15 Sep 1997 22:39:21 -0400 Used to be that you could look in IBD or any decent financial newspaper and they listed NASDAQ stocks in separate groups, NMS and all others. Tried IBD after I discovered my mistake and they only listed NMS. Don't know if it was just that day or is now policy, but the "NASDAQ" section was not labeled as NMS only, so no way to be sure. I should have used my computer at work, where I have a "master security directory index", which would have told me, but I was fooled by the price, made a stupid assumption from that, and guessed wrong. Price is not a positive criteria in whether a NASDAQ stock is NMS or small cap. Best bet is probably to ask a broker if you can't determine it from a newspaper listing, or else call the company and ask them. If the stock has been NMS for at least 30 days, and is over $5.00, it is likely to be marginable. Keep in mind that even listed stocks, while marginable, may have addl cash requirements. Stocks under $5.00/share typically have a 50% maintenance requirement (compared to 35% for higher priced stocks). And stocks that slip under $3.00/share will likely have a 100% maintenance requirement (effectively are not marginable). Likewise, if you buy an otherwise marginable stock below $5.00, some firms may not allow margin on it unless it closes over $5.00 by either trade or settlement date. And this restriction may last for the life of the position. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Craig Griffin > To: canslim@mail.xmission.com > Subject: [CANSLIM] MSON - Non-Marginable > Date: Monday, September 15, 1997 10:13 PM > > Tom and all, > > At 09:25 PM 9/10/97 -0400, you wrote: > >MSON (Misonix) is a small cap stock, thus is not > >marginable. Tried to reach the company today to see if they have > >plans to list NMS ... > > How can one tell if a stock is small cap or NMS (National Market System?)? > Is there a web site with this info. I had been under the (apparently) > erroneous impression that if a stock was listed or on the NASDAQ and traded > for $5 or more that it was marginable. But then, I have rarely held stocks > not in the NMS (I guess). > > Thanks in advance for any info. > > Regards, > > Craig > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] ACTC - Applied Cellular Date: 15 Sep 1997 22:58:51 -0400 Forgot to mention this one earlier, had been watching it consolidate and base out at the 6.5 level, broke out today on twice avg daily vol, but may be failing b/o or just reloading as NASDAQ backed up. Fits the pattern I am looking for on small caps. Not in top 5 of its group (computer-software, may have been hurt by Barron's -don't ask me what I think of this rag - article on MSFT). Float is 1.5 mil, total issue only 2.3 mil shares, RS 86, but EPS 75, that's OK for me from the patterns I have been seeing as is Timeliness at C. Did .19 last year, and forecast for .30 this year, up 58%). Already did .12 thru 6 mos (up 150% and 133% respectively for past two qtrs). Revenues for past four qtrs up 529%, 915%, 999% and 999% (which means over 10X since the revenue increase field is only 3 char long, was actually more like 1500% and 1300% increases). Trailing and projected PE is higher than I like, but with this kind of growth rate, I can tolerate it. Up/down ratio is 2.7, with no reported institutions having found it yet. Avg daily vol is 245K, did 560K today. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] a question about margin Date: 16 Sep 1997 03:23:48 GMT On Mon, 15 Sep 1997 18:27:18 -0400, you wrote: : :I've been thinking about opening a margin account with Datek and have a :question that I hope someone can answer. (I've been sending messages to :customer support at Datek - but no one ever responds... I wonder if this :has anything to do with the cheap commissions). : :

The question is, once I open a margin account, am I charged interest :only when my "real cash balance" falls below zero, or always on 50% of :the purchase price of my margineable holdings? For instance, suppose I :have an account balance of $40,000 and buy $10,000 of XYZ. As far as I :understand this, of the $10,000 used to buy XYZ, $5,000 would be my own, :and the other $5000 would be from margin. Now, it would make sense to me :that interest would not be accumulating at this point, since I still = have :a positive cash balance. But since I'm not completey sure, I'm basically :asking whether or not I would be charged interest on $5000 used to buy :XYZ. You know, John, it's funny because I was wondering the exactly same thing a couple of days ago. I opened a Datek account a few days ago and got my email confirmation that my check had cleared on Thursday. After reading the material I concluded that you will pay no margin rates until you are actually *borrowing* money to buy a stock. They have a button that activates your margin status. The default is no margin buying until you click that button. The button prompt is "I want margin!". Before you get to that you click a link called "Change margin status." In that window you read the following: ---- Changing Your Margin Status=20 If you are not sure if your account is a cash account or a margin account just check the upper left-hand section of your Portfolio page.=20 A margin account allows you to buy or sell on margin and to sell short. Trading on margin allows you to increase your buying power and to borrow against the value of your securities. You can only trade marginable stocks on margin or if you have any short postions. To determine if a stock is marginable simply get a quote on that stock at the Quotes and Order Entry page. If there is a "Yes" under the M (for marginable), the stock is marginable. For a more detailed discussion of margin please see Understanding Margin.=20 Datek Online currently charges 7% APR, compounded monthly, on your daily average balance for funds borrowed on margin. Please be aware that once you have switched your account to margin, you cannot switch it back to a cash account if any funds are still being borrowed on margin. For this reason, you cannot change your account from margin to cash through the Web. If you would like to disable your margin capability please call our trading hotline at 212.514.7124. To change your account from cash to margin, simply click on the button below. After you submit your request, your account will be changed immediately. You can see if your account is a margin account by checking the upper left-hand corner of your Portfolio page.=20 ---- If you read the above carefully the answer to the question can be inferred to be found at "Understanding Margin." This is not so easily found, but I did find it after poking around a bit. You can access it whether or not you have an account by looking for the FAQ. Here it is: ---- UNDERSTANDING MARGIN What is margin? When you trade on margin, you are taking a loan. The securities you buy are the collateral for the loan. Like all loans, you pay interest when you borrow funds on margin. Datek Online charges 7% APR on the daily closing balance, compounded monthly.=20 You can only trade certain stocks on margin. They are called marginable stocks. You can see if a stock is marginable by going to the Quotes and Order Entry page and getting a quote on the stock. If there is a Yes under the M, the stock is marginable. The Federal Reserve determines if stocks are marginable and how much the margin rate is =96 that is, how much you can borrow against the value of the stocks. At present, you can borrow up to half of the value of marginable stocks.=20 When you buy stocks on margin, part of the value of the stocks is your loan. The other part is your equity. You can find your equity on the Portfolio page. It is always equal to the Account Value. The loan amount will not change when your stocks go up and down in price. Your equity will. For example, suppose you buy $10,000 of XYZ on margin. You borrow $5,000 (the full 50% allowed). The remaining $5,000 which you contribute is your equity. Suppose XYZ subsequently declines in value and your position is now worth only $8,000. The loan you have taken remains $5,000. Your equity, however, decreases to $3,000. Likewise, if XYZ increased in value to, say, $12,000, your loan would be static at $5,000 and your equity would increase to $7,000.=20 The current margin rate, established by the Federal Reserve, is 50%. In other words, if you buy $10,000 worth of a marginable stock XYZ, you only have to pay $5,000 and you can borrow the rest. Or, if you own, say, $10,000 worth of a fully-paid marginable security, you can borrow $5,000 against the value of that stock. If you wish to purchase $10,000 worth of a non-marginable stock, you must pay the full amount. And, similarly, if you own $10,000 of a non-marginable security, you cannot borrow any money against the value of that stock.=20 What if my stocks bought on margin decrease in value?=20 =20 UNDERSTANDING MARGIN How do I get margin? You must enable your account for margin to be able to trade on margin. To enable your account for margin, just click on the Account Options link on the Order Entry page.=20 =20 UNDERSTANDING MARGIN Maintenance Call At present your account requires additional margin as indicated on the front of this notice in the Amount Due column. To satisfy this requirement you must promptly send this margin to us for credit to your account. In the event that the necessary margin is not received by us by the "Date Due", we will be required to liquidate sufficient securities in your account to satisfy the call due at the time of liquidation and to hold you responsible for any resulting deficiency.=20 In addition, we will ask you to send enough money so that your equity is greater than 30% of your account value. We will send you a warning when your equity dips below 40% of your account value.=20 In order to provide its low margin interest rates, Datek Online reserves the right to close out your account immediately if the equity drops to below 5% of the account value.=20 What if my stocks bought on margin increase in value? The loan remains the same, but your equity increases. =20 UNDERSTANDING MARGIN Shorting on Margin Your ability to short on margin is dollar for dollar the same as your ability to buy long on margin. That is, if you have $10,000 in your account, you can either buy $20,000 of a marginable stock to establish a long position or sell $20,000 of a marginable stock to establish a short position. On your Portfolio page, you will find that a short sale or a long buy of the same dollar amount will affect your Available Cash, Buying Power, and Account Value exactly the same.=20 =20 ---- :

On another note... today I bought Amazon.com (amzn - a non-canslim = stock). :I have been tracking this stock for about 2 weeks now, climbing ever = since. :And ever since the favorable review last week by the Motley Fool (www.fool.com), :I had been planning to supplement my Canslim stock(s) with this = long-term :hopeful. But I waited. Thinking the sharp run-up would be halted by = profit-sharing... :only to watch it jump another 17% on Friday. Darn... right??? But that's :not the end of the story. I was determined to jump aboard. Though I was :still weighed down by the thought of massive profit-taking, I decided = that :enough was enough... It's a long term buy - there is no reason to try = and :time this purchase. So I jumped aboard this morning. I did the right = thing. : :

Hours later, Amazon.com fell 16% to 37 1/8. : :

I still think I did the right thing. : :

Any thoughts? : :

John Nogueira :
  : ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] a question about margin Date: 16 Sep 1997 03:31:21 GMT On Mon, 15 Sep 1997 18:55:35 -0500, you wrote: :Welcome to the invisible world of Datek Tech Support! :No, you would not be charged interest with a cash balance, but will=20 :earn interest on the $30,000.=20 : :It is a problem for me too accounting wise. But costs less :interest-wise. As long as you have a cash balance, they use up the :cash, but give you "buying power" by giving you the margin value of :marginable stock. : :For simplicity's sake: :Account value of $10000 :You buy $10000 worth of marginable stock. :Your cash balance becomes $ 0, but you have buying power of $10000. :When you start using this, your cash balance goes negative and they=20 :charge you interest on the daily balance of this. You never know=20 :which securities are borrowed, and which aren't.=20 : :But then you buy $10000 worth of non-marginable stock. :Your cash balance becomes 0, but your buying power is also 0. You=20 :cannot buy any more stock without sending more funds or selling your=20 :stock. : :Their online is clear as mud - they way they describe the portfolio=20 :balances - especially where short sales are concerned. I am still=20 :befuddled where the numbers are coming from. It is exactly the same at E*Trade, as I make it out, anyway. I have so far found Datek to be far clearer than E*Trade, where my balance sheet is extensive but entirely befuddling. I have also been continually amazed at how slow E*T's website it, even when everybody's asleep or doing something else. It is ALWAYS slow. And you get no real time quotes at E*Trade...not unless you ask for it (Extra $$). Dan ------------------------------------------------------------------------------- From: Luke Lang Subject: [CANSLIM] IOM and Herb Greenberg Date: 15 Sep 1997 22:20:40 -0500 Herb Greenberg seems to like to bad mouth IOM. A year or so ago, just before the big run up of IOM, Greenberg said that IOM wouldn't be able to get the finance needed to sustain business. I dumped my shares around $13 (at least one split ago) at a small loss. Now, it looks like he is at it again. I sure hope he was short on IOM from over a year ago. Luke Lang Chune Lee wrote: > > Group, > > There is an article by Herb Greenberg in today's SF Chronicle > forIomega's drop. It is a razor / razor blade story in which Iomega > holds the patents on the disks and expect to collect from disk sale. > However, a French disk maker Nomai start plans to sell the razor blades > after a German court overturn an injunction against Nomai from doing so. > ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] IOM and Herb Greenberg Date: 16 Sep 1997 11:43:31 GMT On Mon, 15 Sep 1997 22:20:40 -0500, you wrote: :Herb Greenberg seems to like to bad mouth IOM. A year or so ago, just :before the big run up of IOM, Greenberg said that IOM wouldn't be :able to get the finance needed to sustain business. I dumped my :shares around $13 (at least one split ago) at a small loss. Now, :it looks like he is at it again. I sure hope he was short on IOM :from over a year ago. : :Luke Lang If I'm not mistaken Herb G. has put himself forth as maintaining his impartiality to the extent of not investing -- at least in the manner that could compromise him vis a vis his column. However, an information junkie/broker is not immune from his intoxications, as you have noted.=20 Dan :Chune Lee wrote: :>=20 :> Group, :>=20 :> There is an article by Herb Greenberg in today's SF Chronicle :> forIomega's drop. It is a razor / razor blade story in which Iomega :> holds the patents on the disks and expect to collect from disk sale. :> However, a French disk maker Nomai start plans to sell the razor = blades :> after a German court overturn an injunction against Nomai from doing = so. :> ------------------------------------------------------------------------------- From: Jimmy Sorrells Subject: Re: [CANSLIM] Telescan Date: 16 Sep 1997 09:08:32 -0500 Dave Isbell wrote: > > Hello All, > > Is anybody using the Telescan database? I am trying to configure Pro Search > to find CANSLIM stocks. If anyone has any experience with this service > would you please let me know what search criteria works best. > > Thanks, > > Dave Isbell I have been thinking of trying their 30 day trial. Please let the group know how the telescan data corresponds with IBD data (EPS, RS, etc.). It would be a real advance to find a search site that yielded good solid CANSLIM stocks. I am very disappointed in WON's DG and IBD websites in that they are bent on not allowing any type of data interaction (searching). Thanks, Jimmy Sorrells ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] WON Date: 16 Sep 1997 12:58:41 -0800 Someone forwarded to me some comments made on an AOL board about the WON seminar this weekend. Here are a couple of excerpts from the message that might be of interest. Unfortunately the formatting was a bit screwed up in the message I received. I think the comment on Institutional sponsorship is interesting. From his talk you could conclude the following shifts in his philosophies: 1) It was okay to buy large caps as long as you keep it below about 25% of your portfolio. You can tell by the examples there are a number of stocks which violate the "S". 2) He has nearly completely deemphasized "I". His handout stated that there should be "at least one institutional sponsor" before you buy the stock. During the question & answer session, he indicated that they had considered making "I" - "Institutions & Industry Groups". [ AND ] The following he showed charts of as good possibilities: AOL HFAhmanson CTX CNC BEN HD IOM (said the chart did not look 'classic', but could be worthwhile for riskier strategies) PWAV (stated that it was extended) SUNW SLB SOC RWAY The following he pointed out going through the newspaper(I may have some of these wrong): EVI NOI ATW ACF CDG GLM DH ESV JNY NE (someone had asked about it) CROS (seemed to love this one) GSCN (said he wanted to find out more about it) MARC (") MDCO (pointed out that stocks with short earnings have EPS rank of ~75) ------------------------------------------------------------------------------- From: "John R. Allen" Subject: [CANSLIM] Canslim in a bear market Date: 16 Sep 1997 13:39:19 -0700 I know its been a long time since a real bear market, but does anyone on this group have experience using canslim stock selection method during bear market? If so, were there many stocks to choose from and how did they perform overall? Did you get stopped out frequently? John Allen ------------------------------------------------------------------------------- From: Dean Edwards Subject: [CANSLIM] WON Date: 17 Sep 1997 9:04:17 Could you please clarify his comment on "Industry Groups". With regard to the "I" in Industry Groups does WON mean that it has to be a top performing industry? I have completely ignored industry groups in the past but only have recently started to pay attention to it, after he made earlier comments this year about Industry group selections. William O'Neil: "Try to concentrate in the industry group that's leading the market. The top 6 or 7 groups in the new high list are your leading sectors." I want to confirm that is what he is saying, in that "I" for Industry Groups statement. Mail Document cc: CSERVE@STATISTICSNZEXTERNAL __________________________________________________________________________________ Someone forwarded to me some comments made on an AOL board about the WON seminar this weekend. Here are a couple of excerpts from the message that might be of interest. Unfortunately the formatting was a bit screwed up in the message I received. I think the comment on Institutional sponsorship is interesting. - 2) He has nearly completely deemphasized "I". His handout stated that there should be "at least one institutional sponsor" before you buy the stock. During the question & answer session, he indicated that they had considered making "I" - "Institutions & Industry Groups". ------------------------------------------------------------------------------- From: Greg Nyberg Subject: RE: [CANSLIM] Estimated Taxes Date: 16 Sep 1997 16:47:13 -0500 (Disclaimer: Not a tax expert, never want to be, wish they would go away..) When I use TurboTax to do taxes, if I try to "catch up" with a single (late in the year) estimated payment it automatically generates penalties due to the underpayment in previous estimated tax payments. My understanding is that the only way to "catch up" without paying penalties is to make big additional "withholding" payments through your employer the last few months of the year -- My understanding is that withholding is treated as all one number on the 1040 and assumed to have been paid equally during the year. For what it is worth.. (what it cost?) -Greg Greg Nyberg, Senior Consultant BORN Information Services Group (612) 404-4217 Fax: (612) 404-4440 greg.nyberg@born.com > ---------- > From: Tom Worley[SMTP:stkguru@netside.net] > Sent: Monday, September 08, 1997 8:18 PM > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Estimated Taxes > > It's been a nr of years since I had to do qtrly est taxes, so the > rules may have changed somewhat, but if I recall correctly, your > final payment (due in very early Jan, I think) can be used to bring > you up to 100% of your 96 pmt. Since portfolio gains can be offset > in late Dec by losses, you can honestly say you didn't know you > would owe addl taxes till late Dec. My advice would be to accrue > the money in a tax free savings acct/90 day CD type instrument so > you can get some interest on the money rather than letting Uncle > have it for free use. Then, in early Jan, draw out what, if > anything, you will need to make a "one time" estimated payment to > bring you to 100%, and let the balance make some more interest till > April 15. > ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] WON seminar stocks Date: 16 Sep 1997 19:50:41 -0400 Members-- As I look through Patrick's list of WON's stocks, there were a couple that would be interesting to a trader. The other stocks, for a trader, have already risen above entry points; that is not to say they are not strong, but rather that a trader's entry points are gone. In fact, the stocks, with a couple of exceptions, look quite good. SOC and RWAY are one and two days, respectively, past my entry point; however, they have not gotten away, especially for CS entry. They look sound by all of my indicators. And they are reasonably priced. [So many of the suggested stocks were high for those who are trying to do their own investing; i.e., unless one is working with a sizable account, 3,4, or 5 of these stocks will exhaust buying power.] If there is a follow-through tomorrow, I will do a little buying. I have two shorts running with a modest profit for two days. Were I not already set on my trading stocks, I would consider SOC and RWAY. These two, which seem to satisfy CS criteria, are coincidentally standing at very good entry points. It will be interesting to see if the conjunction of my indicators and CS criteria are indicative of any extra boost for the stocks. My venture with ASND [a trade boxed to a bounce] stands thus: I have bought 400 of the 700 I had boxed [and posted about earlier]. My break even point thus far is 34.375. Every 1/4 above will return 100.00. Respectfully, Connie Mack ------------------------------------------------------------------------------- From: Richard Mandel Subject: [CANSLIM] New watch list Date: 16 Sep 1997 21:39:44 -0400 Hi Folks: Why is it that none of my stocks went up today. Is there another rotation back to large cap stocks as a result of the decrease in the rate of inflation based on the smaller than expected increase in the CPI (0.2% vs 0.3%)? Scanning down the list of Fidelity Select portfolio mutual funds the big winners were Banks and Insurance companies. In any case, I tried a new screening today. I took the list of fastest growing stocks from the Daily Graphs on line and did a quick perusal of their charts looking for basing patterns without major breakouts. From that culled list I examined their fundementals looking for consistent quarterly growth of sales, at least a B timeliness rating, and a reasonable EPS and RS. The list is as follows. I would appreciate input on any people love or hate or love to hate etc. They are on a watch list because none of them have really broken out yet. They seem to have generally high ownership byfunds. I'm not sure why that it is so. Sym GR,EPS,A,RS Sh F% Q-Sales% Q-Earn% SIGR 95,95,B,74 18.9 46 16,59,68,50 -5,21,19,35 PGEX 191,99,B,78 18.8 26 107,94,60,72 500,225,333,220 CDWC 106,86,A,72 21.5 47 49,46,44,39 0,0,54,51 APOL 104,98,B,69 49.4 57 50,56,67,47 30,35,33,32 DPRC 107,97,B,54 9.8 30 13,44,79,112 36,7,45,38 NMTX 106,99,B,87 7.1 1 7,16,18,15 50,83,181,40 DDIM 160,99,A,97 8.9 9 161,128,163,199 100,-25,200,600 LOJN 186,92,A,90 20.3 12 18,11,15,24 0,-18,13,38 I look forward to hearing from you on these. Of my last list, a week ago, the only one that I bought was MDCO which has done quite well but which didn't participate in today's rally. Perhaps oil stocks willl again go out of favor with a rotation back to interest sensitive shares. It was down most of the day and closed up 1/8 or so at 29 7/8. The day before I missed out on buying PLXS call options by 1/8 of a point on a limit buy order. I figure that I can afford to be picky on my purchases but when it's time to get out of a stock I will sell at the market. Ciao, Rich ------------------------------------------------------------------------------- From: "Chuck" Subject: [CANSLIM] Pivot Point Question Again Date: 16 Sep 1997 20:41:57 -0500 I posted a question the other day regarding Pivot Points. No one answered, I hope there is someone out there who can help me understand what a pivot point is and how to calculate it. WON says it is not always the former high, but instead can be 10% below the former high. What is it exactly and how do you calculate it or identify it? Chuck ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Estimated Taxes Date: 16 Sep 1997 22:12:03 -0400 It's important to note why you are making est payments. If you are an independent contractor, then you must make payments every qtr, and they must be realistic and the total must equal or exceed the prior year total. On the other hand, if you are an employee with auto w/h by your employer, and are only concerned about est payments cuz you made a killing in the mkt, you have to remember that the net total on your portfolio is a once a year event, marked on Dec 31 (that's why I always have to work a full day on New Year's Eve, and don't get a holiday if if falls on a Friday!!@#$@#@!). As I understand the tax rulings, even then if your total taxes paid for current year equal or exceed the prior year, you are still ok till 4/15 of next year. But if not, you may want to check with a tax expert about making a single est tax payment to cover at least this difference prior to the deadline for the fourth est tax payment. Then be prepared to cough up the difference by 4/15 or file an extension with a supplemental est payment. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Greg Nyberg > To: 'canslim@mail.xmission.com' > Subject: RE: [CANSLIM] Estimated Taxes > Date: Tuesday, September 16, 1997 5:47 PM > > (Disclaimer: Not a tax expert, never want to be, wish they would go > away..) > When I use TurboTax to do taxes, if I try to "catch up" with a single > (late in the year) estimated payment it automatically generates > penalties due to the underpayment in previous estimated tax payments. My > understanding is that the only way to "catch up" without paying > penalties is to make big additional "withholding" payments through your > employer the last few months of the year -- My understanding is that > withholding is treated as all one number on the 1040 and assumed to have > been paid equally during the year. > For what it is worth.. (what it cost?) > -Greg > ---------------------------------------------------- > Greg Nyberg, Senior Consultant > BORN Information Services Group > (612) 404-4217 Fax: (612) 404-4440 > greg.nyberg@born.com > ---------------------------------------------------- > > > ---------- > > From: Tom Worley[SMTP:stkguru@netside.net] > > Sent: Monday, September 08, 1997 8:18 PM > > To: canslim@mail.xmission.com > > Subject: Re: [CANSLIM] Estimated Taxes > > > > It's been a nr of years since I had to do qtrly est taxes, so the > > rules may have changed somewhat, but if I recall correctly, your > > final payment (due in very early Jan, I think) can be used to bring > > you up to 100% of your 96 pmt. Since portfolio gains can be offset > > in late Dec by losses, you can honestly say you didn't know you > > would owe addl taxes till late Dec. My advice would be to accrue > > the money in a tax free savings acct/90 day CD type instrument so > > you can get some interest on the money rather than letting Uncle > > have it for free use. Then, in early Jan, draw out what, if > > anything, you will need to make a "one time" estimated payment to > > bring you to 100%, and let the balance make some more interest till > > April 15. > > > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] New watch list Date: 16 Sep 1997 22:23:11 -0400 Richard, I will definitely look over the list, as I have periodically used pretty much the same approach. Keep in mind that the fastest growing cos will mostly be small caps, or at best secondaries. Today's mkt was a temporary (IMHO) reversion to big cap stocks. Virtually every index finished up over 1% (in fact seven of the eight sectors of NASDAQ were all up over 1%) but the big caps will always attract money when the mkt is confident as they feel safer there. The CPI report hammered the last nail of uncertainty over whether the Feds will hike rates later this month. Ain't no way, now, hence the bond mkt taking off big time and biting those few left with bond short positions. The big caps followed, which is only fair considering their dismal performance recently. There was also a realization that the big caps that are going to have trouble with upcoming earnings reports would likely already by now made a preannouncement, as Kodak did yesterday. Stocks that have been really hammered on spec that they have problems but have made no announcements yet (like Proctor and Gamble), finally threw off a lot of fears and recovered some lost ground. Still, Dow 30 is about 4.6% below its high while NASDAQ hit a high today and Russell 2000 hit its third in a row. Today's heavy trading likely sucked some money out of the small caps, that have been doing so well lately, but I consider it only temporary. The best values are still to be found there, albeit with higher risk. Disclosure: I bot more SOCR today. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Richard Mandel > To: CAN SLIM > Subject: [CANSLIM] New watch list > Date: Tuesday, September 16, 1997 9:39 PM > > Hi Folks: > > Why is it that none of my stocks went up today. Is there another > rotation back to large cap stocks as a result of the decrease in the > rate of inflation based on the smaller than expected increase in the CPI > (0.2% vs 0.3%)? Scanning down the list of Fidelity Select portfolio > mutual funds the big winners were Banks and Insurance companies. > > In any case, I tried a new screening today. I took the list of fastest > growing stocks from the Daily Graphs on line and did a quick perusal of > their charts looking for basing patterns without major breakouts. From > that culled list I examined their fundementals looking for consistent > quarterly growth of sales, at least a B timeliness rating, and a > reasonable EPS and RS. The list is as follows. I would appreciate > input on any people love or hate or love to hate etc. They are on a > watch list because none of them have really broken out yet. They seem > to have generally high ownership byfunds. I'm not sure why that it is > so. > > Sym GR,EPS,A,RS Sh F% Q-Sales% Q-Earn% > SIGR 95,95,B,74 18.9 46 16,59,68,50 > -5,21,19,35 > PGEX 191,99,B,78 18.8 26 107,94,60,72 > 500,225,333,220 > CDWC 106,86,A,72 21.5 47 49,46,44,39 > 0,0,54,51 > APOL 104,98,B,69 49.4 57 50,56,67,47 > 30,35,33,32 > DPRC 107,97,B,54 9.8 30 13,44,79,112 > 36,7,45,38 > NMTX 106,99,B,87 7.1 1 7,16,18,15 > 50,83,181,40 > DDIM 160,99,A,97 8.9 9 161,128,163,199 > 100,-25,200,600 > LOJN 186,92,A,90 20.3 12 18,11,15,24 > 0,-18,13,38 > > > I look forward to hearing from you on these. Of my last list, a week > ago, the only one that I bought was MDCO which has done quite well but > which didn't participate in today's rally. Perhaps oil stocks willl > again go out of favor with a rotation back to interest sensitive > shares. It was down most of the day and closed up 1/8 or so at 29 7/8. > The day before I missed out on buying PLXS call options by 1/8 of a > point on a limit buy order. I figure that I can afford to be picky on > my purchases but when it's time to get out of a stock I will sell at the > market. > > Ciao, > Rich > ------------------------------------------------------------------------------- From: "Louis Gipson, RN" Subject: Re: [CANSLIM] New watch list Date: 16 Sep 1997 19:39:12 -0700 Be careful about LOJN. My sister was the top sales person in their organization for several years and has given me a lot of inside information on this company. Their pattern of growth has been and will be in short spurts with with long bases. In order for them to move into markets (cities) they must set up the infrastructure in each city which cost several million dollars each. It is a long slow process and highly dependent on political whims in each city about granting an essential monopoly. According to my sister, the single biggest failure in the company is maintaining their current customer service to satisfy the dealers the the devices are sold through. In addition to poor customer service, there are "rumors" the company is planning to go back on their promise to the dealers to not sell the auto theft recovery devices through chain stores. As I see it, there is lots of fluff with little meat in this package. Strictly my opinion. No not own LOJN and sister no longer associated with company due to disability. Louis Gipson > LOJN 186,92,A,90 20.3 12 18,11,15,24 > 0,-18,13,38 > > I look forward to hearing from you on these. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Pivot Point Question Again Date: 16 Sep 1997 22:33:09 -0400 For me it's where I have an overall chart pattern I like, terminating with some kind of a base. The handle of a "cup and handle" is nice, but rarely occurs to my satisfaction. Up until recently I wanted to see at least a 4 week base, during which I paid particular attention to volume and price. With the small caps I am looking at, breakouts are happening off bases as short as one week, so I am paying more attention to volume breaking 150% of avg daily, then watching the price closely to decide if I will jump in. Pivot point for me is where I see the stock looking like it's breaking out of the base, however short or long that base is. When vol hits 150% early in the day AND price begins to move, time permitting I try to watch the size of individual trades going thru. If I see a lot of multi thousand share trades at or close to the offer, I am more likely to jump. The quantity of the avg daily vol also matters to me with the small caps. A stock that averages 20K won't entice me on 30 or 40K shares. In those cases I am more watching the quality of the move, and want to see more like 80 or 100K shares before I consider jumping (I am willing to pay a higher price to have company at those prices). If the stock is also hitting (or about to hit) a new high, then that is an added plus, but if there is recent (within about 3 months) overhead resistance, I am more likely to wait for that resistance to be penetrated, thus wouldn't look for my personal pivot point till that happens. Naturally, I must have all the suitable CANSLIM nrs as well, or I wouldn't be watching it. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Chuck > To: Canslim Digest > Subject: [CANSLIM] Pivot Point Question Again > Date: Tuesday, September 16, 1997 9:41 PM > > I posted a question the other day regarding Pivot Points. No one answered, > I hope there is someone out there who can help me understand what a pivot > point is and how to calculate it. > > WON says it is not always the former high, but instead can be 10% below the > former high. > > What is it exactly and how do you calculate it or identify it? > > Chuck ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] WON Date: 16 Sep 1997 22:36:55 -0400 Patrick, As I have shifted my focus over to the small caps, I found that I had lowered my EPS theshold from my normal 90+ to 70+ as I found few small caps that were not already far too extended unless I did so. Thanks for the info, and the list. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Patrick Wahl > To: canslim@mail.xmission.com > Subject: [CANSLIM] WON > Date: Tuesday, September 16, 1997 4:58 PM > > wanted to find out more about it) MARC (") MDCO (pointed out that > stocks with short earnings have EPS rank of ~75) > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] New watch list Date: 16 Sep 1997 22:48:39 -0400 Have watched it over the years but never touched it. Great job of marketing, hey, after all, you are helping the cops, and they are supposed to be our friends looking out for us. Wanted to invest in one competitor but they were still private, they combined a transmitter with a GPS system and a cellular phone. If the security system was triggered, the car made its own call to the cops AND using the GPS constantly told the cops where to meet it for an easy arrest. Unfortunately, LOJN's marketing has already blanketed the nation with a far inferior system that depends on the owner having to first discover the car is stolen. My biggest warning on LOJN was the nr of LOJN signs I saw disappear from distributor's windows, combined with the simple fact that you had to drive the car out of the local area where the cops had the transceiver to catch the signal. If there was statewide coverage that was more difficult, unless you stole the car close to a state border where the adjacent state was not yet a participating LOJN agency. Or you live in Miami where they just drive the car into a metal shipping container and put it on a ship for Latin America and Customs is too lazy or overworked to bother checking shipping manifests against stolen car reports. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Louis Gipson, RN > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] New watch list > Date: Tuesday, September 16, 1997 10:39 PM > > Be careful about LOJN. My sister was the top sales person in their > organization for several years and has given me a lot of inside > information on this company. Their pattern of growth has been and will ------------------------------------------------------------------------------- From: Michael A Langston Subject: re: [CANSLIM] Estimated Taxes Date: 16 Sep 1997 23:07:26 -0400 > As I understand the tax rulings, even then if your total > taxes paid for current year equal or exceed the prior > year, you are still ok till 4/15 of next year. not quite tom -- as i mentioned a few days ago, the 100% safe harbor provision jumps to 110% dependent on your AGI -- if you realize this little wrinkle only late in the tax year and then adjust your withholding accordingly, it can easily be enough to reduce your late-year takehome pay to zilch -- and that's no merry christmas :( mike ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] New watch list Date: 17 Sep 1997 03:21:52 GMT The charts and numbers look interesting. Several look like they may take off soon. Been watching DDIM steadily (pointed out by Tom Worley some time ago). It's a very high RS and EPS small float stock that, as you say, hasn't really taken off yet. But any Y2K stock is obviously likely to do better the closer we get to the Big Bang (ho ho, ha ha). Dan On Tue, 16 Sep 1997 21:39:44 -0400, you wrote: :Hi Folks: :Sym GR,EPS,A,RS Sh F% Q-Sales% Q-Earn% :SIGR 95,95,B,74 18.9 46 16,59,68,50 :-5,21,19,35 :PGEX 191,99,B,78 18.8 26 107,94,60,72 :500,225,333,220 :CDWC 106,86,A,72 21.5 47 49,46,44,39 :0,0,54,51 :APOL 104,98,B,69 49.4 57 50,56,67,47 :30,35,33,32 :DPRC 107,97,B,54 9.8 30 13,44,79,112 :36,7,45,38 :NMTX 106,99,B,87 7.1 1 7,16,18,15 :50,83,181,40 :DDIM 160,99,A,97 8.9 9 161,128,163,199 :100,-25,200,600 :LOJN 186,92,A,90 20.3 12 18,11,15,24 ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] C&H Date: 17 Sep 1997 06:33:24 -0800 Michael Boone, I believe it was, was asking for examples of CUP and Handle patterns. I suggest looking at ACTM (did you get it?). Forgetting about other considerations, I think First Alliance (FACO) is a good example of a cup and handle, with a breakout to a new high today on good volume. Left side of the cup was last fall, Nov-Dec, right side of cup and handle formed over the last 8 weeks or so. You can find charts on line at www.stocktools.com, one of several places anyway. Patrick Wahl ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] WON Date: 17 Sep 1997 06:33:24 -0800 > To: canslim > From: Dean Edwards > Could you please clarify his comment on "Industry Groups". > > With regard to the "I" in Industry Groups does WON mean that it has to be a > top performing > industry? I believe he is just saying to find the strongest industry groups and go shopping for stocks in those groups. I have not paid as much attention to this as I should, but I know some of the old CANSLIM hands say the buying stock in a strong group is one of the most critical things to do. ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] New watch list Date: 17 Sep 1997 07:03:43 -0700 At 09:39 PM 9/16/97 -0400, you wrote: >Hi Folks: > >Why is it that none of my stocks went up today. Is there another >rotation back to large cap stocks as a result of the decrease in the >rate of inflation based on the smaller than expected increase in the CPI >(0.2% vs 0.3%)? Scanning down the list of Fidelity Select portfolio >mutual funds the big winners were Banks and Insurance companies. > Wow, I had a pigeon day as James would say. Over half my CANSLIM picks were up, and up significantly. >In any case, I tried a new screening today. I took the list of fastest >growing stocks from the Daily Graphs on line and did a quick perusal of >their charts looking for basing patterns without major breakouts. From >that culled list I examined their fundementals looking for consistent >quarterly growth of sales, at least a B timeliness rating, and a >reasonable EPS and RS. The list is as follows. I would appreciate >input on any people love or hate or love to hate etc. They are on a >watch list because none of them have really broken out yet. They seem >to have generally high ownership byfunds. I'm not sure why that it is >so. Sounds like momentum investing to me. Zacks has a freebie database which does a momentum scan automagically. http://www.ultra.zacks.com The ones I left below show on my Zacks CANSLIM scan, FYI: >Sym GR,EPS,A,RS Sh F% Q-Sales% Q-Earn% >CDWC 106,86,A,72 21.5 47 49,46,44,39 >0,0,54,51 >APOL 104,98,B,69 49.4 57 50,56,67,47 >30,35,33,32 >I look forward to hearing from you on these. Of my last list, a week >ago, the only one that I bought was MDCO which has done quite well but >which didn't participate in today's rally. Perhaps oil stocks willl >again go out of favor with a rotation back to interest sensitive >shares. It was down most of the day and closed up 1/8 or so at 29 7/8. >The day before I missed out on buying PLXS call options by 1/8 of a >point on a limit buy order. I figure that I can afford to be picky on >my purchases but when it's time to get out of a stock I will sell at the >market. > My oils, with the exception of UTI, flew yesterday. Which ones are you tracking? From my performance I would expect that yesterday's hot industry groups were the oils and comp hardware/software. P.S. Speaking of oils, LSS is doing a little dance the past few days, after weeks of quiet. No news, so might be some serious money going into it. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] Pivot Point Question Again Date: 17 Sep 1997 07:03:45 -0700 At 08:41 PM 9/16/97 -0500, you wrote: >I posted a question the other day regarding Pivot Points. No one answered, >I hope there is someone out there who can help me understand what a pivot >point is and how to calculate it. > >WON says it is not always the former high, but instead can be 10% below the >former high. > >What is it exactly and how do you calculate it or identify it? > I think we are burned out on answering this question, the archives for this list should have a wealth of information there. I'll give you my interpretation though: A significant gap up (preferably a new high or within a few % of one) on 2X ADV or higher. I ignored this when I started with CANSLIM, have started looking for it since I started with this list, and it has saved me a lot of waiting for a stock to get off its butt and move. The only time this hasn't worked for me lately (like within the past 2 months) has been with STBI, which promptly dropped 12% or so below the apparent pivot point. Of course it worked wonderfully with UTI and KEG, so I'm not complaining too loudly. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] New watch list Date: 17 Sep 1997 07:11:44 -0700 At 03:21 AM 9/17/97 GMT, you wrote: >The charts and numbers look interesting. Several look like they may >take off soon. Been watching DDIM steadily (pointed out by Tom Worley >some time ago). It's a very high RS and EPS small float stock that, as >you say, hasn't really taken off yet. But any Y2K stock is obviously >likely to do better the closer we get to the Big Bang (ho ho, ha ha). > So I thought with Keane KEA but it didn't so squat for me (hasn't moved yet or already did its thing?) Read a nice article in Money mag about the Y2K co's and am convinced that they are in trouble after next year unless they diversify and fast. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] Pivot Point Question Again Date: 17 Sep 1997 10:30:10 -0400 (EDT) In a message dated 97-09-17 02:02:10 EDT, you write: << I posted a question the other day regarding Pivot Points. No one answered, I hope there is someone out there who can help me understand what a pivot point is and how to calculate it. WON says it is not always the former high, but instead can be 10% below the former high. What is it exactly and how do you calculate it or identify it? Chuck >> Chuck, I agree with Tom but think you can be a bit more liberal. The pivot point is the point at which the stock changes direction. Unless you're a daytrader, you're probably interested in "important" changes in direction, not just waffling around a trading range. A stock can pivot out of a descending trend channel, a base, a descending handle, a triangle formation of one sort or another. The "breakout" is a decisive move out of whatever formation the stock is in and needn't be anywhere near a new high. Many CSers prefer that it be near a new high; many don't care. Sometimes a stock with breakout out on high volume and sometimes it won't. Generally, a sustainable move will involve high volume within the first few days of a breakout. Sometimes, you'll see a "stair step" pattern in which the volume increases over several days rather than blasting the stock forward on the first day. -----Db ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] WON Date: 17 Sep 1997 10:35:24 -0400 (EDT) In a message dated 97-09-17 09:38:14 EDT, you write: << I know some of the old CANSLIM hands say the buying stock in a strong group is one of the most critical things to do. >> Not necessarily critical, but it does reduce your chances of failure, as with the oils. Once you become comfortable with all this, you can find stocks in lackluster groups that will perform very well, but it always helps if attention is being focused on the group at the same time. -----Db ------------------------------------------------------------------------------- From: bannis@kraken.mvnet.wnec.edu (Brian Annis) Subject: Re: [CANSLIM] Estimated Taxes Date: 17 Sep 1997 11:13:45 -0400 (EDT) > As I understand the tax rulings, even then if > your total taxes paid for current year equal or exceed the prior > year, you are still ok till 4/15 of next year. But if not, you may > want to check with a tax expert about making a single est tax > payment to cover at least this difference prior to the deadline for > the fourth est tax payment. The 100%/110% "safe harbor" rule only applies to withholding and estimated taxes paid uniformly in all four quarters; you can't make up the difference in one larger estimated payment at the end of the year. There is one way to get by with only the January estimated payment, however: take tax losses in March, May, and August in order to reduce your estimated tax to zero for each of those quarters, then use the annualized income method of calculating your interest and penalties on form 2210. If you can't come up with enough losses, you WILL have to boost your withholding or make additional estimated payments. Warning: IRS instructions say that you don't have to make a payment if you expect the payments to be less than $500 for the year; you should probably ignore this as this exception disappears retroactively if you have to make an estimated payment later in the year. ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: [CANSLIM] CXP breakout Date: 17 Sep 1997 11:00:26 -0400 CXP breaking out of a flat base on a good volume. Avg vol 44K, vol today 91.1K, price 29 3/4 Other P/E=13, EPS 98, RS 91, ACC/Dist A Group Str B I am not trading in the current market though. -- Disclaimer: Opinions expressed in this document are those of the author. Core Technology Group, C/C++ Compilers, Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: bannis@kraken.mvnet.wnec.edu (Brian Annis) Subject: Re: [CANSLIM] WON Date: 17 Sep 1997 11:35:29 -0400 (EDT) > William O'Neil: "Try to concentrate in the industry group that's leading the > market. The top 6 or 7 groups in the new high list are your leading sectors." Could someone clarify how best to determine the "top" 6 or 7 groups. My general impression from watching the new high list in IBD is that the obvious choice of going directly down the list (i.e. by number of new highs) is not really a good idea. Some sectors are at the top only because they contain hundreds of companies, while others are at the bottom only because they contain relatively few. ------------------------------------------------------------------------------- From: rpitts@smtp.microcom.com (Ron Pitts) Subject: Re[2]: [CANSLIM] WON Date: 17 Sep 1997 11:34:27 -0400 --IMA.Boundary.075015478 Content-Type: text/plain; charset=US-ASCII Content-Transfer-Encoding: 7bit Content-Description: cc:Mail note part Go to the Industry Group Pricing section in IBD. In today's IBD it's on page A31, the same page that has the different market charts. ______________________________ Reply Separator _________________________________ Author: bannis@kraken.mvnet.wnec.edu (Brian Annis) at smtp > William O'Neil: "Try to concentrate in the industry group that's leading the > market. The top 6 or 7 groups in the new high list are your leading sectors." Could someone clarify how best to determine the "top" 6 or 7 groups. My general impression from watching the new high list in IBD is that the obvious choice of going directly down the list (i.e. by number of new highs) is not really a good idea. Some sectors are at the top only because they contain hundreds of companies, while others are at the bottom only because they contain relatively few. --IMA.Boundary.075015478 Content-Type: text/plain; charset=US-ASCII; name="RFC822 message headers" Content-Transfer-Encoding: 7bit Content-Description: cc:Mail note part Content-Disposition: inline; filename="RFC822 message headers" Received: from mail.microcom.com (207.31.204.10) by smtp.microcom.com with SMTP (IMA Internet Exchange 2.1 Enterprise) id 0003CCB6; Wed, 17 Sep 97 11:29:58 -0400 Received: from sw.microcom.com ([207.31.204.1]) by mail.microcom.com (Netscape Messaging Server 3.0) with ESMTP id AAA20636 for ; Wed, 17 Sep 1997 11:25:19 -0400 Received: from sw.microcom.com (root@localhost) by sw.microcom.com (8.7.5/8.7.3) with ESMTP id LAA15711 for ; Wed, 17 Sep 1997 11:29:08 -0400 (EDT) Received: from mail.xmission.com (mail.xmission.com [198.60.22.22]) by sw.microcom.com (8.7.5/8.7.3) with SMTP id LAA15705 for ; Wed, 17 Sep 1997 11:29:07 -0400 (EDT) Received: from domo by mail.xmission.com with local (Exim 1.62 #4) id 0xBM1o-0002gb-00; Wed, 17 Sep 1997 09:28:32 -0600 Received: from kraken.mvnet.wnec.edu [38.162.56.17] by mail.xmission.com with smtp (Exim 1.62 #4) id 0xBM1h-0002fm-00; Wed, 17 Sep 1997 09:28:25 -0600 Received: by kraken.mvnet.wnec.edu (8.6.13/200.17.1.3) id LAA04512; Wed, 17 Sep 1997 11:35:29 -0400 Message-Id: <199709171535.LAA04512@kraken.mvnet.wnec.edu> In-Reply-To: <9709162132.AA5937@notesgw.compuserve.com> from "Dean Edwards" at Sep 17, 97 09:04:17 am X-Mailer: ELM [version 2.4 PL23] MIME-Version: 1.0 Content-Type: text/plain; charset=US-ASCII Content-Transfer-Encoding: 7bit Sender: owner-canslim@xmission.com Precedence: bulk Reply-To: canslim@mail.xmission.com --IMA.Boundary.075015478-- ------------------------------------------------------------------------------- From: bannis@kraken.mvnet.wnec.edu (Brian Annis) Subject: Re: Re[2]: [CANSLIM] WON Date: 17 Sep 1997 14:47:08 -0400 (EDT) Ron Pitts wrote: > Go to the Industry Group Pricing section in IBD. In today's IBD it's > on page A31, the same page that has the different market charts. How do you relate this section to the new high list (the groups are different)? Or are you suggesting to ignore WON and use this section instead? ------------------------------------------------------------------------------- From: "William E. Morrison" Subject: Re: [CANSLIM] a question about margin Date: 17 Sep 1997 15:05:29 -0400 There is another side of a margin account I haven't seen mentioned here. When you open a margin account, you give the firm the right to lend out your stock for others to short. This means you may not actually own the stocks in your account. You will get the dividends but you wont get to vote your shares if they have been lent out. You don't own them except on paper. The accounting is transparent to you except for that. If all those owning shares that are lent out for margin sell, those who borrowed them will have to cover involuntarily. That's the reason you should consider the size of your brokerage firm before opening an account in which you intend to play the short game. You may also get a message that there are no shares available when you are trying to short a stock. Bill Morrison John Nogueira wrote: > > I've been thinking about opening a margin ------------------------------------------------------------------------------- From: CA011667@aol.com Subject: [CANSLIM] THERMOQUEST (TMQ) AMEX Date: 17 Sep 1997 15:55:44 -0400 (EDT) Found an interesting canslim canidate (TMQ) . EPS 95 RS a little weak at 67, however is uptrending. Last two quarters + 46 and+ 50 last quarter sales +43. Broke out recently on big volume around 18. Would love to consinder a buy here, however trouble finding more info. on this company. If anyone is familiar with this one please post. God bless. Chris. ------------------------------------------------------------------------------- From: rpitts@smtp.microcom.com (Ron Pitts) Subject: Re[4]: [CANSLIM] WON Date: 17 Sep 1997 16:40:14 -0400 --IMA.Boundary.948825478 Content-Type: text/plain; charset=US-ASCII Content-Transfer-Encoding: 7bit Content-Description: cc:Mail note part Brian, The industry group pricing section shows you were a particular group stands within the 200 or so groups for the past 6 months. So, group number 1 would be the group with the best price appreciation during that period of time. Today, that group is Elec-Semiconductor equipment. What IBD does not provide however, is a listing of the companies in the groups. The groups listed in the new highs section are more generic, more like sectors. For example, the Energy group in the new highs listing includes companies from the Oil&Gas drilling and the Oil&Gas field Services groups, as well as others. I think IBD does that so that they don't have to list 200+ different groups in the new highs section. No, I'm not suggesting that you ignore WON. I'm suggesting using the industry group pricing page, in addition to the new highs area,to get an idea of where your group stands in price appreciation in relation to all other groups over the past 6 months. I think that your question was something like how do I find the top 6 or 7 groups. Well, the industry group pricing page shows them in order, from the best to the worst, for the past 6 months and even tells you if the group is either improving or deteriorating. If you know what companies are in a group, then this page is possibly a better place to look than the new highs. ______________________________ Reply Separator _________________________________ Author: bannis@kraken.mvnet.wnec.edu (Brian Annis) at smtp Ron Pitts wrote: > Go to the Industry Group Pricing section in IBD. In today's IBD it's > on page A31, the same page that has the different market charts. How do you relate this section to the new high list (the groups are different)? Or are you suggesting to ignore WON and use this section instead? --IMA.Boundary.948825478 Content-Type: text/plain; charset=US-ASCII; name="RFC822 message headers" Content-Transfer-Encoding: 7bit Content-Description: cc:Mail note part Content-Disposition: inline; filename="RFC822 message headers" Received: from mail.microcom.com (207.31.204.10) by smtp.microcom.com with SMTP (IMA Internet Exchange 2.1 Enterprise) id 0003CE5C; Wed, 17 Sep 97 14:42:57 -0400 Received: from sw.microcom.com ([207.31.204.1]) by mail.microcom.com (Netscape Messaging Server 3.0) with ESMTP id AAA26992 for ; Wed, 17 Sep 1997 14:38:15 -0400 Received: from sw.microcom.com (root@localhost) by sw.microcom.com (8.7.5/8.7.3) with ESMTP id OAA26749 for ; Wed, 17 Sep 1997 14:42:03 -0400 (EDT) Received: from mail.xmission.com (mail.xmission.com [198.60.22.22]) by sw.microcom.com (8.7.5/8.7.3) with SMTP id OAA26733 for ; Wed, 17 Sep 1997 14:42:00 -0400 (EDT) Received: from domo by mail.xmission.com with local (Exim 1.62 #4) id 0xBP1U-00078c-00; Wed, 17 Sep 1997 12:40:24 -0600 Received: from kraken.mvnet.wnec.edu [38.162.56.17] by mail.xmission.com with smtp (Exim 1.62 #4) id 0xBP1K-00076O-00; Wed, 17 Sep 1997 12:40:14 -0600 Received: by kraken.mvnet.wnec.edu (8.6.13/200.17.1.3) id OAA00238; Wed, 17 Sep 1997 14:47:08 -0400 Message-Id: <199709171847.OAA00238@kraken.mvnet.wnec.edu> In-Reply-To: <0003CCC5.@smtp.microcom.com> from "Ron Pitts" at Sep 17, 97 11:34:27 am X-Mailer: ELM [version 2.4 PL23] MIME-Version: 1.0 Content-Type: text/plain; charset=US-ASCII Content-Transfer-Encoding: 7bit Sender: owner-canslim@xmission.com Precedence: bulk Reply-To: canslim@mail.xmission.com --IMA.Boundary.948825478-- ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: [CANSLIM] uti & keg Date: 17 Sep 1997 20:05:44 -0400 uti started to fall yesterday and I sold my holdings at market, which at that time was 35 1/8. I also placed stop order on keg at 33 1/8, which was one dollar less than the market price and I got out today at that level. My broker will allow me to place stops on NYSE/AMEX securities, but not on Nasdaq. I am not sure if I should get back to these stocks, although both closed lower. Any suggestion? Surindra ------------------------------------------------------------------------------- From: Sam Funchess Subject: Re: [CANSLIM] uti & keg Date: 17 Sep 1997 20:40:15 -0700 I am still in my position of KEG, about 50% of my portfolio. This is the first real break in the run up (not counting the day the debenture was announced) and I did not see any distribution. I believe it is just some profit taking by people that have a nice profit on the stock. With their earnings to increase at 100% clips I don't see this stock falling too much. I am keeping an eye on the industry group to make sure they don't slip any but the group has been in the top five for the past week or so. I think its time to cool down just a bit. My broker called me today in a frenzy because of the action, I just have a nice profit so I told him I can take a little consolidation. Well see who made the better decision in a couple of days. Some people will probable go short in it like they were when it broke out, but they will be squeezed out I believe. Sam sam5@mindspring.com Surindra J. Singh wrote: > uti started to fall yesterday and I sold my holdings at market, which > at > that time was 35 1/8. I also placed stop order on keg at 33 1/8, which > > was one dollar less than the market price and I got out today at that > level. My broker will allow me to place stops on NYSE/AMEX securities, > > but not on Nasdaq. > > I am not sure if I should get back to these stocks, although both > closed > lower. > > Any suggestion? > > Surindra ------------------------------------------------------------------------------- From: Joy Kyriakopulos Subject: [CANSLIM] WAND Date: 17 Sep 1997 19:56:29 -0500 Perhaps this has been discussed before (and if so, my apologies) - I just saw an article in Individual Investors Online about WAND, a new dental anesthesia injection system, that the online magazine says will revolutionize facial anesthesia by dentists. The company is Milestone Scientific (symbol WAND), and the URL is: http://www.iionline.com/guest/copage/index.cfm?ticker=WAND It's the Individual Investors Online stock pick of the day. I then looked at Yahoo and found a company press about it at: http://biz.yahoo.com/bw/97/09/04/wand_y000_1.html Has anyone followed this stock? Is it recommended as a CANSLIM stock (or even recommended wo/being CANSLIM)? The graph on Yahoo shows the stock almost doubling the past two weeks on high(er) volume. The Yahoo report says that it's going to be displayed at some convention in October, which might(?) give the stock more upside potential next month. I'd be very interested to hear what you more experienced investors think about this one. Joy Kyriakopulos joyk@fnal.gov ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] a question about margin Date: 17 Sep 1997 21:30:48 -0400 Bill, I mostly agree with what you say, but will differ in terminology. It is true that when you sign a margin agreement, you also automatically agree to permit the firm to loan, or hypothecate, your margined shares to someone who wants to short them. At some firms, but not all, they will not hypothecate if the shares are in a cash acct even if you have signed a margin agreement. However, you do still "own" these shares more than "just on paper". The one thing you lose, and without any compensation or notice, is the right to vote those shares that have been hypothecated. And you will have no way of knowing the shares have been hypothecated until you get (or don't get) a proxy. However, in over three years of running a back office, only once has a client found out that some, but not all, of his shares were hypothecated when a vote came up. There were probably other occasions when it also happened, but the owner of the shares didn't care to complain or else simply understood this could happen. But as owner of those shares, just as whoever bot them from the client that shorted them, you are entitled to dividends, splits, any rights offerings, buyout offerings, etc. Who does then get to vote those hypothecated shares? Why, the buyer on the other side of the short sell. He also does not know he bot "borrowed" shares, nor does he need to care. If you are the shorter, and the shares you borrowed are no longer available due to either being sold, moved to a cash acct, or transferred away from the holding firm, then the holding firm will first try to find other shares to loan to replace them. Only if this is not possible will the shorter be notified he must cover his short position. This is one risk that a lot of shorters don't understand, you don't always control the timing of your cover. This risk is esp high if the stock is heavily shorted. One trade off for not being compensated for your shares being loaned out is that you are not charged if you decide to short some shares. It's a free service, when shares are available, for both sides. Another point on shorting: a tax strategy used by many in the past is "shorting against the box" - simply shorting the same shares you are long. This locks in your profit at that point no matter what the stock does later, but without creating an immediate tax consequence until you marry the short and long positions. This has been used to lock in a profit on a stock that has run up and is expected to retreat, but still defer the net gain to another tax year. This benefit has been eliminated by the new tax rules. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: William E. Morrison > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] a question about margin > Date: Wednesday, September 17, 1997 3:05 PM > > There is another side of a margin account I haven't seen mentioned > here. When you open a margin account, you give the firm the right to > lend out your stock for others to short. This means you may not > actually own the stocks in your account. You will get the dividends but > you wont get to vote your shares if they have been lent out. You don't > own them except on paper. The accounting is transparent to you except ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Pivot Point Question Again Date: 17 Sep 1997 21:40:50 -0400 Db, you put it much better than I, thanks. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Dbphoenix@aol.com > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Pivot Point Question Again > Date: Wednesday, September 17, 1997 10:30 AM > > The pivot point is the point at which the stock changes direction > > A stock can pivot out of a descending trend channel, a base, a descending > handle, a triangle formation of one sort or another. The "breakout" is a > decisive move out of whatever formation the stock is in and needn't be > anywhere near a new high > > Sometimes a stock with breakout out on high volume and sometimes it won't. > Generally, a sustainable move will involve high volume within the first few > days of a breakout. Sometimes, you'll see a "stair step" pattern in which > the volume increases over several days rather than blasting the stock forward > on the first day. > > -----Db ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Estimated Taxes Date: 17 Sep 1997 21:36:45 -0400 I still contend that if you are a salaried employee, with the only addl income you are concerned about coming from your portfolio, you cannot "estimate" your net for the year till Dec 31. Maybe I am just lucky, but I have done this for ten years without a problem or an audit (knock on wood, rub the shamrock, kiss the blarney stone, throw some salt over my left shoulder - or is it the right?). Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Brian Annis > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Estimated Taxes > Date: Wednesday, September 17, 1997 11:13 AM > > > As I understand the tax rulings, even then if > > your total taxes paid for current year equal or exceed the prior > > year, you are still ok till 4/15 of next year. But if not, you may > > want to check with a tax expert about making a single est tax > > payment to cover at least this difference prior to the deadline for > > the fourth est tax payment. > > The 100%/110% "safe harbor" rule only applies to withholding and > estimated taxes paid uniformly in all four quarters; you can't make > up the difference in one larger estimated payment at the end of the > year. There is one way to get by with only the January estimated > payment, however: take tax losses in March, May, and August in > order to reduce your estimated tax to zero for each of those > quarters, then use the annualized income method of calculating > your interest and penalties on form 2210. If you can't come up > with enough losses, you WILL have to boost your withholding or > make additional estimated payments. Warning: IRS instructions say > that you don't have to make a payment if you expect the payments to > be less than $500 for the year; you should probably ignore this as > this exception disappears retroactively if you have to make an > estimated payment later in the year. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] uti & keg Date: 17 Sep 1997 21:46:01 -0400 I haven't followed UTI that closely, but have done so on KEG. Looks like a great co if you bot for long term. Nothing wrong in trading it short term, but has been a magnificent performer, and still looks good. If I had the capital, I would be in it. Today's action looked to me more industry group (profit taking) and market (range trading) related that suggestive of anything wrong with KEG. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Surindra J. Singh > To: canslim@mail.xmission.com > Subject: [CANSLIM] uti & keg > Date: Wednesday, September 17, 1997 8:05 PM > > uti started to fall yesterday and I sold my holdings at market, which at > that time was 35 1/8. I also placed stop order on keg at 33 1/8, which > was one dollar less than the market price and I got out today at that > level. My broker will allow me to place stops on NYSE/AMEX securities, > but not on Nasdaq. > > I am not sure if I should get back to these stocks, although both closed > lower. > > Any suggestion? > > Surindra ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] WAND Date: 17 Sep 1997 22:01:14 -0400 Definitely would not consider it to be a "CANSLIM" stock. With an EPS of 1, the RS of 97 doesn't balance out the sales of the past twelve months of $1.7 million, even with an a/d of A. Volume has greatly increased past four weeks to 96K, but prior to that it traded erratically and only avg'd about 20K or so. Likewise, back then, RS was far below today's level, and this level will only be sustained if the hype and tout is maintained. Losses are increasing faster than revenues (last year lost .43/share, so far thru six months have already lost .35/share). And they are apparently not the true "owner" of the product you mention, they are a holding co owning 65% of the company that actually owns/controls this product. I'd rather have a bulletin board stock with fundamentals than this one. I'd urge great caution for anyone considering it. If you take away the heavy vol of the past month (which moved it from the 5-7 range to nearly over 15) then it would be right back down to the 5-7 range, or less. And the fact that Ind Investors (formerly the Penny Stock Journal) has it as their #1 (after the debacle in Diana) certainly wouldn't encourage me any, either. Be real careful, Joy. You want cheers, not tears. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Joy Kyriakopulos > To: canslim@xmission.com > Subject: [CANSLIM] WAND > Date: Wednesday, September 17, 1997 8:56 PM > > Perhaps this has been discussed before (and if so, my apologies) - > I just saw an article in Individual Investors Online about > WAND, a new dental anesthesia injection system, that the online > magazine says will revolutionize facial anesthesia by dentists. > The company is Milestone Scientific (symbol WAND), and the URL is: > > http://www.iionline.com/guest/copage/index.cfm?ticker=WAND > > It's the Individual Investors Online stock pick of the day. > > I then looked at Yahoo and found a company press about it at: > > http://biz.yahoo.com/bw/97/09/04/wand_y000_1.html > > Has anyone followed this stock? Is it recommended as a CANSLIM > stock (or even recommended wo/being CANSLIM)? > > The graph on Yahoo shows the stock almost doubling the past two > weeks on high(er) volume. The Yahoo report says that it's going > to be displayed at some convention in October, which might(?) give > the stock more upside potential next month. > > I'd be very interested to hear what you more experienced investors > think about this one. > > Joy Kyriakopulos > joyk@fnal.gov ------------------------------------------------------------------------------- From: dcameron@info1.harper.cc.il.us (Dave Cameron) Subject: Re: [CANSLIM] Estimated Taxes Date: 17 Sep 1997 21:28:28 -0500 (CDT) > Tom wrote (in response to Brian Annis), > I still contend that if you are a salaried employee, with the only > addl income you are concerned about coming from your portfolio, you > cannot "estimate" your net for the year till Dec 31. Maybe I am > just lucky, but I have done this for ten years without a problem or > an audit (knock on wood, rub the shamrock, kiss the blarney stone, > throw some salt over my left shoulder - or is it the right?). > Tom, for one of the few times in our acquaintance, I don't agree with you on this one. Your reasoning strikes me as wishful thinking. I work a 40-hr. a week desk job. I make a set salary. In 1995, my investment income outstripped my salary for the first (and only) time in my life. I didn't need to make estimated payments, because I didn't underpay in 1994. However... I was HEAVILY cautioned by a friend of mine with a M.S. in tax accounting that if the same thing happened in '96 I'd get hit for an under-withholding penalty. As such, I had my employer take a LOT of my salary out for federal taxes. Of course, you could still be right... I didn't make a profit on my investments in '96 . But... I wouldn't want to chance it. FWIW, I think the law is silly. How am I supposed to guess what my "income" will be this year. Hell, its September, and I have no idea whether I'll get a refund or have to pay... it depends on what happens in the next couple of months. As long as we pay in full by April 15, what do they care? Cheers, Dave Cameron > tom w > > ---------- ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] WON Date: 17 Sep 1997 22:07:38 -0400 While I would generally favor a stock in a top performing group over one with equal CS qualities in a mediocre group, one lesson I learned with KEA was not to disregard top performing stocks in a large group that currently had a low GRS. I have also seen several recently that had a RS/EPS of 97++ where the next best stock in the group was in the mid 60s and GRS was in the 30s, and yet made some impressive price moves. Balanced against this is that even if you screw up big time and pick the dog of a top performing group, you are far less likely to be hurt, and may even still eke out a profit. DG Online, and IBD as well, have lists of the top performing groups. That's the only source I ever use for "group" listings. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Brian Annis > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] WON > Date: Wednesday, September 17, 1997 11:35 AM > > > William O'Neil: "Try to concentrate in the industry group that's leading the > > market. The top 6 or 7 groups in the new high list are your leading sectors." > > Could someone clarify how best to determine the "top" 6 or 7 groups. > My general impression from watching the new high list in IBD is that > the obvious choice of going directly down the list (i.e. by number > of new highs) is not really a good idea. Some sectors are at the top > only because they contain hundreds of companies, while others are at > the bottom only because they contain relatively few. ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] uti & keg Date: 17 Sep 1997 22:30:05 -0400 (EDT) In a message dated 97-09-17 20:14:23 EDT, you write: << uti started to fall yesterday and I sold my holdings at market, which at that time was 35 1/8. I also placed stop order on keg at 33 1/8, which was one dollar less than the market price and I got out today at that level. My broker will allow me to place stops on NYSE/AMEX securities, but not on Nasdaq. I am not sure if I should get back to these stocks, although both closed lower. Any suggestion? Surindra >> I don't know what your portfolio management rules are, so I can't offer any advice. UTI has had a 20% correction and rebounded nicely, though I would like to have seen better volume at the end of the day. If it shows strength tomorrow, I'll probably add to my position. May be a while before the opportunity arises again. As far as KEG goes, there was an increase in volume at the end of the day, but as yet I have no explanation. The drop was so minor, though, I'm not getting excited about it. I see no reason to sell any of these stocks. ----Db ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: Re[4]: [CANSLIM] WON Date: 17 Sep 1997 22:21:42 -0400 For those of you using Daily Graphs (either book or online) then look at the list of "Top Industry Groups" published weekly. This shows you the current list in rank order for the current week, where it was ranked last week, and where it was ranked 3 months ago. This can help you see the trend of each group. As an aside, some years ago I was taught by a WON associate that when a group has risen high enough to enter the top 40 groups, it has only produced one third of its total price improvement, so I have over the years tended to focus on the groups just moving up to the top 40 or so groups, and looking specifically at the top performers within those groups. Most are already extended, but occasionally you can find a real money making gem, and even on the extended ones it can constitute a great watch list until they consolidate and give you a fresh entry point. Wish I had the time to do this now like I did as an active broker. Personally, I would humbly disagree with WON to only look at the top 6 or 7 groups, by then they tend to be more nearly fully valued. I would rather look at the groups in the 35th to 50th place or so, but then I am a risk taker! Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Ron Pitts > To: canslim@mail.xmission.com; Brian Annis > Subject: Re[4]: [CANSLIM] WON > Date: Wednesday, September 17, 1997 4:40 PM > > Brian, > > The industry group pricing section shows you were a particular group > stands within the 200 or so groups for the past 6 months. So, group > number 1 would be the group with the best price appreciation during > that period of time. Today, that group is Elec-Semiconductor > equipment. What IBD does not provide however, is a listing of the > companies in the groups. > > The groups listed in the new highs section are more generic, more like > sectors. For example, the Energy group in the new highs listing > includes companies from the Oil&Gas drilling and the Oil&Gas field > Services groups, as well as others. I think IBD does that so that > they don't have to list 200+ different groups in the new highs > section. > > No, I'm not suggesting that you ignore WON. I'm suggesting using the > industry group pricing page, in addition to the new highs area,to get > an idea of where your group stands in price appreciation in relation > to all other groups over the past 6 months. > > Subject: Re: Re[2]: [CANSLIM] WON > Author: bannis@kraken.mvnet.wnec.edu (Brian Annis) at smtp > Date: 9/17/97 2:47 PM > > > Ron Pitts wrote: ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Estimated Taxes Date: 17 Sep 1997 22:36:50 -0400 Sorry, Dave, the streak continues. We still agree. You made a "windfall" profit in tax year 1995, and your withholding from your salaried job matched or exceeded your total taxes due for tax year 1994, so you were not penalized for the addl taxes due for tax year 1995 for the windfall. In 1996, your comparison year, and total taxes, was for tax year 1995 which included the "windfall". Had 1996 also been a year with huge portfolio gains, then you had a problem which had to be covered either by larger withholding from your salaried income, thus avoiding the qtrly est tax payments paperwork burden, or else you would have had to make qtrly est payments, or be absolutely sure that at the end of the year, the withholding from your salaried job completely covered your total taxes due. Bottom line, as I understand it (and I don't claim to be a tax expert, just a successful and "still out of jail so far" taxpayer) is that your taxes actually paid in 1996 had to match or exceed the actual total taxes due for 1996, or match or exceed the actual total taxes due for 1995, whichever was less. BTW, not being an accounting major, I have found that this is all more understandable for me when I stand on my head and look at my tax records, and the rules pertaining, in a mirror (while, of course, holding them right side up!). It's kinda like looking at a politician, just not so blurry. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Dave Cameron > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Estimated Taxes > Date: Wednesday, September 17, 1997 10:28 PM > > > > Tom wrote (in response to Brian Annis), > > > I still contend that if you are a salaried employee, with the only > > addl income you are concerned about coming from your portfolio, you > > cannot "estimate" your net for the year till Dec 31. Maybe I am > > just lucky, but I have done this for ten years without a problem or > > an audit (knock on wood, rub the shamrock, kiss the blarney stone, > > throw some salt over my left shoulder - or is it the right?). > > > Tom, for one of the few times in our acquaintance, I don't agree > with you on this one. Your reasoning strikes me as wishful > thinking. I work a 40-hr. a week desk job. I make a set > salary. In 1995, my investment income outstripped my salary > for the first (and only) time in my life. I didn't need to > make estimated payments, because I didn't underpay in 1994. > However... I was HEAVILY cautioned by a friend of mine with > a M.S. in tax accounting that if the same thing happened in > '96 I'd get hit for an under-withholding penalty. As such, > I had my employer take a LOT of my salary out for federal > taxes. Of course, you could still be right... I didn't > make a profit on my investments in '96 . But... > I wouldn't want to chance it. > > FWIW, I think the law is silly. How am I supposed to guess > what my "income" will be this year. Hell, its September, > and I have no idea whether I'll get a refund or have to > pay... it depends on what happens in the next couple of months. > As long as we pay in full by April 15, what do they care? > > Cheers, > > Dave Cameron > > tom w > > > > ---------- ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Market Conditions; Aftermarket Trading Date: 17 Sep 1997 23:04:57 -0400 Some passing thoughts after an indecisive day in the market. Expected some profit taking in the bond mkt after an explosive day yesterday of squeezing the shorts. Didn't happen, partially due the bullish "housing starts" report, and calming effect of a kindly Baize Book report prepared by the Boston Region for the upcoming FOMC meeting. Techs were weak (probably on little more than profit taking combined with the revenue shortfall by Oracle) and financials were strong (thanks to a continued drop in interest rates). Thus, Dow30, OEX, SPX, NASDAQ all lost minor ground while Russell 2000 hit its 15th new high out of 17 sessions. Good indication to me that large amts of money continue to flow to the secondaries and small caps, despite a one day recovery by the big caps. Aftermarket trading showed some anomolies: Tektronix (TEK) beat estimates by 1 cent, yet gained nearly two pts, this despite announcing it will cut about 250 jobs and take a Q2 charge of between $45-55 million; Speedfam beat estimates by two cents and lost over one point when it announced it will do a secondary of 2.17 mil shares. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Housing Starts Report today Date: 17 Sep 1997 22:53:47 -0400 Noted a rather huge discrepancy today in subject report between what the govt reported and what previously came out Tuesday from the Nat'l Assn of Home Builders (NAHB) which had reported that their index "for September rose to the highest level in more than a year". What the govt reported was that for July and August, housing starts declines pushed the nr to the lowest level since last December with a drop of 4.8% in August and a revised drop for July (previously reported as unchanged) of 4.7%. Now, to go from an initial report of unchanged to a revised report one month later of down 4.7% suggests a rather poor job of data collection and interpretation. But it is hard for me to reconcile such a bullish "private industry" report against such a bearish "govt" report. Now, I'm not one of those "govt conspiracy" kind of guys that would ever suggest that Slick Willy's staffers would try to stack the deck and confuse the independent thinking of FOMC just before one of their important meetings, nor would I ever suggest that private industry would "tweak" the nrs to look better and convince the buying public that new homes are vanishing rapidly so they better take advantage of current low rates and lock in a contract. Anyone got any rational explanation? Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] OZEMY, IFCI, YURI Date: 17 Sep 1997 23:59:08 -0400 Some of the recent buying in my office have been on the above three stocks. They all have some CS characteristics. From a chart/TA standpoint, IFCI may look the best. Haven't jumped on any as of yet. Opinions welcomed. OZEMY (Ozemail) is an internet provider for Australia and New Zealand. Anybody "down under" that can comment on how they are viewed there? I don't trust the latest qtr's huge increase in earnings till I can at least review the financial filing at the SEC site, and it wasn't there as of last night. I strongly suspect a non-recurring gain of some kind, but don't have enough data to work with. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Gess Shankar" Subject: [CANSLIM] Re: Russell 2000 companies Date: 18 Sep 1997 07:16:19 -0500 On 17 Sep 97 at 23:04, Tom Worley wrote: > Thus, Dow30, > OEX, SPX, NASDAQ all lost minor ground while Russell 2000 hit its > 15th new high out of 17 sessions. Good indication to me that large > amts of money continue to flow to the secondaries and small caps, > despite a one day recovery by the big caps. There have been requests from friends for the composition of the Russell 2000. The definitive source, of course, is http://www.russell.com, where it is available as a PDF file. There are other web sources too. I have a simple text version of this list in TICKER SYMBOL - COMPANY NAME per line format. You can get this via email by sending the following commands to: Mail-Server@earthchannel.com SEND R2000.TXT QUIT The commands must be in the body of the text. Subject line is ignored. Gess ------------------------------------------------------------------------------- From: "Gess Shankar" Subject: Re: [CANSLIM] a question about margin Date: 18 Sep 1997 07:16:19 -0500 On 17 Sep 97 at 21:30, Tom Worley wrote: > At some > firms, but not all, they will not hypothecate if the shares are in a > cash acct even if you have signed a margin agreement. However, you > do still "own" these shares more than "just on paper". The one thing > you lose, and without any compensation or notice, is the right to > vote those shares that have been hypothecated. And you will have no > way of knowing the shares have been hypothecated until you get (or > don't get) a proxy. Tom, Does this apply only when the broker holds the shares for you? What if you physically get the share certificates after you buy? Can the BD still hypthecate these shares? [...] > position. This is one risk that a lot of shorters don't understand, > you don't always control the timing of your cover. This risk is esp > high if the stock is heavily shorted. This caution is extremely valid, as I have found out - fortunately I broke even, but could easily have lost heavily. A sobering thought - profit on paper vaporised in the act of "profit taking". :-) No wonder O'Neill cautions against indulging in the practice of shorting. Though strictly not analogous (and not of much interest to this group), it is even worse in futures contracts Gess ------------------------------------------------------------------------------- From: "Gess Shankar" Subject: [CANSLIM] OZEMY Date: 18 Sep 1997 07:51:12 -0500 Telstra is the huge Telco rival for Ozemail, but the ISP has been winning market share, though still small compared to US ISPs. But the estimates by tech journalists in Australia is that Ozemail is likely to be a fast grower. They did a licensing deal for their Webphone software with Metro AG (Switzerland) and coupled with a posting of 61 cents EPS with the last earnings report, the stock shot up some 80% to $12+ on unbelievable volume early August on a single day. I recall skimming some daytrading profits and losing it all the next day. :-( [Now I stay away from ADRs. The Bid/Ask spread on most of them discourages short term trading IMO). Aussies are heavy computer users (40%+ households) and most are on the net. With their webphone and fax, Ozemy is taking on the Telco. The deal with the Europeans lets them provide cheaper phone/fax links from/to the outside world. I hear it is very expensive in Australia. So they may become a leading light in the Australian scene. They have a deal similar to Metro's with Concentric in the US to act as gateway. They just announced another deal with Hong Kong and other PacRim countries may not be far behind. And they stay very visible by making deals with Aussie Compaq, Microsoft cartel. So the fundamentals appear to be good for Ozemy. I am not sure about it being a CS stock, but they do have some "N" or the other. The latest is Web:)Aid, some gizmo to build large websites for non-profits in Aussieland. Probably more than you wanted to know about Ozemail. :-) Gess ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] OZEMY Date: 18 Sep 1997 07:48:38 -0400 Thanks, Gess, appreciate the insight. tom w ---------- > From: Gess Shankar > To: canslim@mail.xmission.com > Subject: [CANSLIM] OZEMY > Date: Thursday, September 18, 1997 8:51 AM > > Telstra is the huge Telco rival for Ozemail, but the ISP has been > winning market share, though still small compared to US ISPs. But the > estimates by tech journalists in Australia is that Ozemail is likely > to be a fast grower. They did a licensing deal for their Webphone ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] a question about margin Date: 18 Sep 1997 07:45:51 -0400 Stocks can only be hypothecated if they are held in a brokerage acct in "street name" (in name of the brokerage house). This is another way to hold them in the acct, but not allow them to be hypothecated, if the brokerage will permit them to be held there in "client name". Most brokerages either won't permit this, or won't permit it for more than 30 days or so before sending you the certificate or putting it back into street name, but if they do allow it, it's another way you can go if this matters. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Gess Shankar > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] a question about margin > Date: Thursday, September 18, 1997 8:16 AM > > Does this apply only when the broker holds the shares for you? What > if you physically get the share certificates after you buy? Can the > BD still hypthecate these shares? > ------------------------------------------------------------------------------- From: "Knowles, Richard N." Subject: RE: [CANSLIM] OZEMY, IFCI, YURI Date: 18 Sep 1997 08:07:27 -0400 Tom, Do you have any EPS and RS numbers on ifci? Can't find that one in my IBD, even with my glasses on . Is it a microcap on NASDAQ? Rich >---------- >From: Tom Worley[SMTP:stkguru@netside.net] >Sent: Wednesday, September 17, 1997 11:59 PM >To: CANSLIM >Subject: [CANSLIM] OZEMY, IFCI, YURI > >Some of the recent buying in my office have been on the above three >stocks. They all have some CS characteristics. From a chart/TA >standpoint, IFCI may look the best. Haven't jumped on any as of >yet. Opinions welcomed. > >OZEMY (Ozemail) is an internet provider for Australia and New >Zealand. Anybody "down under" that can comment on how they are >viewed there? I don't trust the latest qtr's huge increase in >earnings till I can at least review the financial filing at the SEC >site, and it wasn't there as of last night. I strongly suspect a >non-recurring gain of some kind, but don't have enough data to work >with. > >Any statements or opinions are strictly my own and not that of my >employer. My comments should not be interpreted as a recommendation >of any kind. I am a licensed (inactive) broker and an active >investor. All investors should do their own research prior to any >investment, especially one learned about on the Internet. Hopefully >my comments will better inform and educate all investors. > >tom w > > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] IFCI Date: 18 Sep 1997 08:10:13 -0400 Int'l Fibercom (IFCI) - RS 98, EPS 75, a/d A, shares 4.2 mil, no institutional holdings reported. Last three years earnings (yr ends Dec) - 94: -.20; 95: -.50; 96: -.74. Last four qtrs (last two of 96 and first 2 of 97) -.08, -.55 (non recurring charge), +.06, +.06. Last 4 qtrs revenues were -22%, +56%, +90%, and +124%. Stock basing at 4 for over two weeks, moved up yesterday to its 12 month high (4 9/32). I think it is marginable, but not treated as such till is trading over 5. Average daily vol is 334K, very high for such a small issue and low price. Co "designs and installs fiber-optic and other cable service for the telecom and cable TV industries in Calif and Arizona". One warning - I have seen several cos involved in fiber optics warning of increasing cost of materials. Don't know if they are able to pass along these added costs. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Knowles, Richard N. > To: 'canslim@mail.xmission.com' > Subject: RE: [CANSLIM] OZEMY, IFCI, YURI > Date: Thursday, September 18, 1997 8:07 AM > > Tom, > > Do you have any EPS and RS numbers on ifci? Can't find that one in my > IBD, even with my glasses on . Is it a microcap on NASDAQ? > > Rich > ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] IFCI Date: 18 Sep 1997 12:45:16 GMT The chart looks enticing. Could be a breakout in the making. Not likely, but possibly at least a significant move up. However, there was a similar pattern around Aug. 10th that failed utterly. It appears that the last three days movement upward can be at least partially attributed to news to be found at: http://biz.yahoo.com/bw/97/09/15/ifc_ifci_1.html I quote: ---- Monday September 15 4:04 AM EDT=20 Company Press Release International FiberCom Inc. to Acquire Leading Telecommunications Engineering Firm PHOENIX--(BUSINESS WIRE)--Sept. 15, 1997--=20 Company Recorded Revenues of Approximately $7 Million in 1996=20 International FiberCom Inc. (NASDAQ:IFCI)(BSE:IFC) Monday announced that it has signed a letter of intent to acquire the assets and business of a privately-held telecommunications engineering/consulting firm headquartered in the southeast United States.=20 The purchase price was not disclosed, but the consideration to be paid by IFCI will be a combination of cash and less than 400,000 shares of IFCI common stock. The acquisition is expected to be completed during the fourth quarter of 1997, and the closing is contingent upon execution of a definitive purchase agreement, completion of due diligence, financing and certain other items.=20 The acquisition target recorded revenues of approximately $7 million and was profitable in 1996. The company is a leading registered engineering firm providing services to the telecommunications industry specializing in video, voice and data network development using state of the art, fiber-rich distribution platforms. The company employs over 75 engineers and technicians involved in field data collection, G.I.S. landbase development, network design, construction management, training and consultation. Maintaining offices in three U.S. cities, the company's customers include US West, Time Warner, BellSouth, Motorola, Bellcore, MediaOne and Australia's Optus Vision.=20 Joseph P. Kealy, chairman and chief executive officer, stated, ``This acquisition will make IFCI a unique enterprise having the ability to provide a one-stop shopping solution for the telecommunications marketplace by offering a broad range of high level engineering, consulting and broadband network systems design, installation of structured cable and fiber-optic networks, and complete telecommunications systems integration services with LAN's and WAN's expertise and capabilities.=20 ``This acquisition will bring about substantial synergies and economies with our various operating subsidiaries now being able to offer additional complimentary services to both our existing client base and potential new customers.=20 ``The purchase of this business, along with the company's previously announced pending acquisition of a telecommunications equipment company, will increase IFCI's annual revenue base to approximately $53 million and will have an immediate accretive impact on IFCI's earnings per share.''=20 International FiberCom Inc. specializes in the design, installation and maintenance of fiber-optic and other cable services for the telecommunications and cable industries. Its wholly-owned subsidiary, Concepts In Communications, provides systems integration services including design, engineering, installation and maintenance of structured cable systems, network hardware and software, workstation peripherals and intercommunications systems. Concepts maintains value added reseller and/or partner agreements with Lucent Technologies, 3Com, Bay Networks, Novell, WIN Communications, BellSouth, Compaq, Dell Computers and Hewlett Packard. ---- On Thu, 18 Sep 1997 08:10:13 -0400, you wrote: :Int'l Fibercom (IFCI) - RS 98, EPS 75, a/d A, shares 4.2 mil, no :institutional holdings reported. Last three years earnings (yr ends :Dec) - 94: -.20; 95: -.50; 96: -.74. Last four qtrs (last two of 96 :and first 2 of 97) -.08, -.55 (non recurring charge), +.06, +.06. :Last 4 qtrs revenues were -22%, +56%, +90%, and +124%. Stock basing :at 4 for over two weeks, moved up yesterday to its 12 month high (4 :9/32). I think it is marginable, but not treated as such till is :trading over 5. Average daily vol is 334K, very high for such a :small issue and low price. Co "designs and installs fiber-optic and :other cable service for the telecom and cable TV industries in :Calif and Arizona". : :One warning - I have seen several cos involved in fiber optics :warning of increasing cost of materials. Don't know if they are :able to pass along these added costs. ------------------------------------------------------------------------------- From: "Dean Edwards" Subject: Fw: [CANSLIM] OZEMY, IFCI, YURI Date: 19 Sep 1997 01:02:52 +1200 > OZEMY (Ozemail) is an internet provider for Australia and New > Zealand. Anybody "down under" that can comment on how they are > viewed there? I don't trust the latest qtr's huge increase in > earnings till I can at least review the financial filing at the SEC > site, and it wasn't there as of last night. I strongly suspect a > non-recurring gain of some kind, but don't have enough data to work > with. > I can only comment on my side of the Tasman Sea (New Zealand). Mom and Pop Internet companies exploded onto the scene in the last couple of years and now have fallen by the wayside. It has consolidated with just 3 major players in NZ. One of them being Voager which is the company in NZ owned 80% by Ozemail. The local businessman who originally owned Voyager was forced more or less to sell his company to Ozemail after NZ Telecom out national telephone company decided to aggressively price (losing money I might add) or squeeze out the competition, one of them being Voager. Voager couldn't compete with NZ Telecom on pricing. In less than 2 years NZ Telecom has became one of the largest internet providers and now has dorminate market share. Ozemail or Voager have taken out lawsuits against Telecom for its monopolistic practises - with some success.As you can imagine, Telecom has to be very careful what it does in the future. But they have achieved their goal already, of becoming the largest internet provider in less than 2 years! The internet usage is growing rapidly and more people becoming subscribers, that Ozemail hasn't even tapped the surface. Far from internet saturation, double digit growth for this company will little or no competition will be easily achievable. Just an interesting sidenote: NOT CANSLIM I must add, the best thing about country investing is that you see an ideal product or service in a particular country such as the USA e.g American Online and watch it develop or happen in your own country. Mutual Funds do this all the time when they invest overseas. I missed buying NZ Telecom (listed on NYSE) when it listed as a public company a few years ago. But Telstra the Australian telephone company is going public this year and it will list on the Australian, NZ and New York Stock Exchange. I will be very lucky, if I manage to obtain some shares before it floats. It is already oversubscribed. The overseas institutions already know about the phenomenal success of national telephone companies floating. After I witnessed the successful float of my own telephone company (Telecom) going public IPO - I am convinced that Telstra will do the same. ------------------------------------------------------------------------------- From: "Ricardo Bekin" Subject: [CANSLIM] ISTN / MSON Date: 18 Sep 1997 09:29:26 -0500 ISTN may be trying to breakout again, after last Wednesday's failed attempt (I haven't bought yet, but am thinking about it). Have any of the MSON holders been shaken out on the dips to $19? If you did not sell, how did you justify it to yourself? Ricardo Bekin ------------------------------------------------------------------------------- From: Jonathan Polito - Lucent ASCC Subject: [CANSLIM] KEG currently halted Date: 18 Sep 1997 10:55:28 -0400 If you're watching keg, you'll notice that it is halted pending this news...I haven't had a chance to analyze this fully but it looks like they made a deal with a private investor(s) to fund more acquisitions and accelerate earnings...short term, I don't know. But mgmt is supposed to be top notch... - Jonathan. 09/18 10:20 KEY ENERGY PLACES $180.0 MILLION OF CONVERTIBLE SUBORDINATED NOTES IN A PRIVATE ( BW)(KEY-ENERGY)(KEG) Key Energy Places $180.0 Million of Convertible Subordinated Notes in a Private Offering Business Editors EAST BRUNSWICK, N.J.--(BUSINESS WIRE)--September 18, 1997--Key Energy Group, Inc. (ASE:KEG) announced today that it has placed $180.0 million of convertible subordinated notes in a private offering under Rule 144A. In additon, the company has granted the initial purchasers an over-allotment option to purchase an additional 20% of the offering. The convertible notes bear interest at a 5% coupon rate and are convertible into shares of the company's common stock based upon a conversion price of $38.50, which represents a 20.3% premium to its closing price of $32.00 in yesterday's trading. The net proceeds of the offering will be used to pay down the company's senior indebtedness. The notes offering will reduce the interest rate on Key Energy's outstanding indebtedness. In addition, based upon the coupon rate, conversion price and resulting number of shares issuable upon conversion, the company believes that the offering will result in significant accretion on both a primary and fully- diluted basis to historical as well as prospective earnings per share. In addition, the offering allows the company to maximize the flexibility and availability of its revolving credit facility as it continues to implement its strategy of growth through acquisitions. The placement was in a private offering that was not registered under the Securities Act, and offers and resales can be made only pursuant to registration or an exemption therefrom. Key Energy Group, Inc. is a holding company with diversified energy operations including well servicing/workover services, contract drilling and oil and natural gas production. The company has operations in most major domestic onshore producing regions and in Argentina. --30--cvw/ny* CONTACT: Key Energy, East Brunswick Jim Dean 908/247-4822 KEYWORD: NEW JERSEY INDUSTRY KEYWORD: ENERGY OIL/GAS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://www.businesswire.com ------------------------------------------------------------------------------- From: "William E. Morrison" Subject: Re: [CANSLIM] a question about margin Date: 18 Sep 1997 13:15:03 -0400 Tom I know I can butcher terminology. I think we are on the same page though. Even when I have lost the right to vote (which is not a big deal to me) I have receive company reports (I think). The bigger problem is the IRS proposal I saw in Barons, IBD or Wall Street Journal a few month ago (I can't remember which). It involves taking away the long term holding status from you if your shares have been lent out. Their premise is that two people can't truly own the same shares at the same. It's just a proposal now, and as far as I know it has not been withdrawn. That would be a real mess. Bill Tom Worley wrote: > > Bill, I mostly agree with what you say, but will differ in > terminology. ------------------------------------------------------------------------------- From: Greg Nyberg Subject: [CANSLIM] VTCH Date: 18 Sep 1997 12:32:23 -0500 VTCH looks interesting. Might be breaking out today, although volume is low. Another low-cap, modest-pe, high growth company for Tom? -Greg Greg Nyberg, Senior Consultant BORN Information Services Group (612) 404-4217 Fax: (612) 404-4440 ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] uti & keg Date: 18 Sep 1997 11:01:21 -0700 (PDT) At 10:30 PM 9/17/97 -0400, you wrote: >As far as KEG goes, there was an increase in volume at the end of the day, >but as yet I have no explanation. The drop was so minor, though, I'm not >getting excited about it. I see no reason to sell any of these stocks. > They announced a conversion of bonds to approx. 4.7 million shares of common stock today. Must have been a little Big Fish movement on that little factiod yesterday. As usual the Little Fish like you and me hear about it after the fact. And also as usual there was a panic at the news (ala LSS to name one of many), which was probably a very positive item. I.e. limited supply for institutional buying is suddenly doubled (float is about 4.3 million shares). I'm looking for it to rocket once the sheep are done panicking. Tim Fisher tfish@spiritone.com 1995 President - Pacific Fishery Biologists Keeper of the ORE-ROCK-ON Rockhounding in Oregon Home Page http://www.spiritone.com/~tfish ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] KEG currently halted Date: 18 Sep 1997 11:13:13 -0700 (PDT) At 10:55 AM 9/18/97 -0400, you wrote: > >If you're watching keg, you'll notice that it is halted pending this >news...I haven't had a chance to analyze this fully but it looks like >they made a deal with a private investor(s) to fund more acquisitions >and accelerate earnings...short term, I don't know. But mgmt is >supposed to be top notch... > I don't think it was ever halted. It was trading at high volume early this morning Pac Time, Yahoo just was broken and didn't have a quote on it. The real-time quote from Schwab at about 11:00 AM market time was -1/8 on something like 500,000 shares traded. Yahoo didn't have any of their usual news releases this morning until about 11:30 market time and said several stocks I follow hadn't traded since yesterday which was pure baloney - probably had a server go down or something. Tim Fisher tfish@spiritone.com 1995 President - Pacific Fishery Biologists Keeper of the ORE-ROCK-ON Rockhounding in Oregon Home Page http://www.spiritone.com/~tfish ------------------------------------------------------------------------------- From: RClegg Subject: [CANSLIM] ati Date: 18 Sep 1997 12:51:27 -0600 I'm not sure if it is a canslim stock but I can see a cup with a wedge shaped handle. Looks as if it will be moving to a new high very soon. As an amature, any opinions would be welcome Russell ------------------------------------------------------------------------------- From: bannis@kraken.mvnet.wnec.edu (Brian Annis) Subject: Re: [CANSLIM] Estimated Taxes Date: 18 Sep 1997 15:02:31 -0400 (EDT) Dave Cameron wrote: > FWIW, I think the law is silly. How am I supposed to guess > what my "income" will be this year. Hell, its September, > and I have no idea whether I'll get a refund or have to > pay... it depends on what happens in the next couple of months. > As long as we pay in full by April 15, what do they care? Why shouldn't they care? How would you like it if you only got paid once a year? There is no reason to guess what your income will be; they only want the taxes on the income for each quarter at a time. The only flaw in the system is that you're not allowed to opt-out of withholding and send them a quarterly check instead, resulting in overpayment in quarters where losses should offset employment income. This is a necessary flaw...otherwise, a lot of people would opt-out, then not have the money to pay later. ------------------------------------------------------------------------------- From: "frank swenson" Subject: [CANSLIM] noi Date: 18 Sep 1997 08:47:34 -1000 Daily Graph numbers look promising on NOI. I would appreciate any opinions since I'm still fairly new at CANSLIM. EPS..93 RS..95 A/D.. B timeliness...A shares 17.8M +6.2M float Short interest 24 days +13% !! ADV..68.6K CHART...A "bumpy" LLUR up yesterday on heavy volume (-1% off high) up 1 today so far on average volume. Thanks, All opinions appreciated Frank Swenson ------------------------------------------------------------------------------- From: Hemant Rotithor Subject: Re: [CANSLIM] ati Date: 18 Sep 1997 15:58:10 -0400 RClegg wrote: > > I'm not sure if it is a canslim stock but I can see a cup with a wedge > shaped handle. Looks as if it will be moving to a new high very soon. As > an amature, any opinions would be welcome > Russell It might move soon but nowhere is the chart CANSLIMmish. Recent uptrend has been OK and it is out of its overhead resistance. Many analysts/fund-managers are bullish on Telecom-wireless so they seem to be buying. It seems to have a high trailing PE (47c EPS) so can go down as fast, wireless telecom has been talked about a lot for many years without much results. Avg daily vol is about 1.6M needs to breakout on hgh vol out of base at 35. It may probably do well as a long term holding. Has 1/2 Bill shares outstanding so it will not be a CANSLIM type, and a book value of 8.3$. Profit margin 9.2%, ROE 6.7% Price/Sales 5.97 Price/Book 4.35, next year EPS est .92$, this year 59c, has much higher P/E than its industry avg. Not the greatest fundamental or TA characteristics, make sure that you understand that it is being bought for its future LT potential and/or current momentum so that you can decide on an appropriate exit strategy. Hope it helps, I don't own it. -- Disclaimer: Opinions expressed in this document are those of the author. Core Technology Group, C/C++ Compilers, Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] NOI [Trader] Date: 18 Sep 1997 16:31:41 -0400 --------------D74F7D420E80385E055F001F Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit frank swenson wrote: > Daily Graph numbers look promising on NOI. I would appreciate any > opinions > since I'm still fairly new at CANSLIM. > EPS..93 > RS..95 > A/D.. B > timeliness...A > shares 17.8M +6.2M float > Short interest 24 days +13% !! > ADV..68.6K > CHART...A "bumpy" LLUR > up yesterday on heavy volume (-1% off high) > up 1 today so far on average volume. > Thanks, All opinions appreciated > Frank Swenson Frank-- NOI gave a short term buy yesterday and a confirmation today. All the technicals look okay. Connie Mack [Trader] --------------D74F7D420E80385E055F001F Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit frank swenson wrote:

Daily Graph numbers look promising on NOI. I would appreciate any opinions
since I'm still fairly new at CANSLIM.
EPS..93
RS..95
A/D.. B
timeliness...A
shares 17.8M +6.2M float
Short interest 24 days  +13% !!
ADV..68.6K
CHART...A "bumpy" LLUR
up yesterday on heavy volume (-1% off high)
up 1 today so far on average volume.
Thanks, All opinions appreciated
Frank Swenson
   Frank--

NOI gave a short term buy yesterday and a confirmation today.  All the technicals look okay.

Connie Mack
    [Trader] --------------D74F7D420E80385E055F001F-- ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] ATI [Trader] Date: 18 Sep 1997 16:46:40 -0400 --------------DA4C32C85AF83089BA952257 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Hemant Rotithor wrote: > RClegg wrote: > > > > I'm not sure if it is a canslim stock but I can see a cup with a > wedge > > shaped handle. Looks as if it will be moving to a new high very > soon. As > > an amature, any opinions would be welcome > > Russell > It might move soon but nowhere is the chart CANSLIMmish. > Recent uptrend has been OK and it is out of its overhead resistance. > Many analysts/fund-managers are bullish on Telecom-wireless so they > seem to be buying. > It seems to have a high trailing PE (47c EPS) so can go down as fast, > wireless telecom has been talked about a lot for many years without > much > results. > Avg daily vol is about 1.6M needs to breakout on hgh vol out of base > at > 35. It may probably do well as a long term holding. > Has 1/2 Bill shares outstanding so it will not be a CANSLIM type, and > a > book value of 8.3$. > Profit margin 9.2%, ROE 6.7% Price/Sales 5.97 Price/Book 4.35, next > year > EPS est .92$, this year 59c, has much higher P/E than its industry > avg. > Not the greatest fundamental or TA characteristics, make sure that you > > understand that it is being bought for its future LT potential and/or > current momentum so that you can decide on an appropriate exit > strategy. > Hope it helps, I don't own it. > -- > Disclaimer: Opinions expressed in this document are those of the > author. > Core Technology Group, C/C++ Compilers, Digital Equipment Corp., > 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 A Member asked about ATI. Traders sometimes call this pattern a "scrooge." You don't know if you will get scrooged on the downside or the upside. The pinched Bollinger Bands hint at the tension in the pattern. Too, if you will check other technicals, you'll see some of them are pinched also. If I were to make a guess, I say that the MACD would make me guess up on any breakout. Watch yourself. A trader wouldn't touch this pattern unless he knew something not revealed in the indicators. There are thousands of stocks. Why chance your money on an ambiguous chart and indicators? Connie Mack --------------DA4C32C85AF83089BA952257 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Hemant Rotithor wrote:

RClegg wrote:
>
> I'm not sure if it is a canslim stock but I can see a cup with a wedge
> shaped handle. Looks as if it will be moving to a new high very soon. As
> an amature, any opinions would be welcome
> Russell
It might move soon but nowhere is the chart CANSLIMmish.
Recent uptrend has been OK and it is out of its overhead resistance.
Many analysts/fund-managers are bullish on Telecom-wireless so they
seem to be buying.
It seems to have a high trailing PE (47c EPS) so can go down as fast,
wireless telecom has been talked about a lot for many years without much
results.
Avg daily vol is about 1.6M needs to breakout on hgh vol out of base at
35. It may probably do well as a long term holding.
Has 1/2 Bill shares outstanding so it will not be a CANSLIM type, and a
book value of 8.3$.
Profit margin 9.2%, ROE 6.7% Price/Sales 5.97 Price/Book 4.35, next year
EPS est .92$, this year 59c, has much higher P/E than its industry avg.
Not the greatest fundamental or TA characteristics, make sure that you
understand that it is being bought for its future LT potential and/or
current momentum so that you can decide on an appropriate exit strategy.
Hope it helps, I don't own it.
--
Disclaimer: Opinions expressed in this document are those of the author.
Core Technology Group, C/C++ Compilers, Digital Equipment Corp.,
110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062
   A Member asked about ATI.

Traders sometimes call this pattern a "scrooge."  You don't know if you will get scrooged on the downside or the upside.  The pinched Bollinger Bands hint at the tension in the pattern.

Too, if you will check other technicals, you'll see some of them are pinched also.  If I were to make a guess, I say that the MACD would make me guess up on any breakout.

Watch yourself.  A trader wouldn't touch this pattern unless he knew something not revealed in the indicators.  There are thousands of stocks.  Why chance your money on an ambiguous chart and indicators?

Connie Mack --------------DA4C32C85AF83089BA952257-- ------------------------------------------------------------------------------- From: Joy Kyriakopulos Subject: [CANSLIM] RE: Selling MSON Date: 18 Sep 1997 18:39:50 -0500 RE: Selling MSON I haven't sold, but you shouldn't follow my inexperienced example. I justified not selling because with my partial understanding of things, I thought I bought a company that would do well over longer than a one week time period. I think, or assume, that the company fundamentals are still good and that it will improve still more. Also, in previous days, the volume was low, and I was assuming that interest would come in waves. I do wish, however, that I'd bought it when you first drew attention to it on the CANSLIM discussion list on Aug. 1 (you bought at 8-3/8?). Then I wouldn't be worrying (so much)... Joy Kyriakopulos joyk@fnal.gov > ISTN may be trying to breakout again, after last Wednesday's failed attempt > (I haven't bought yet, but am thinking about it). > > Have any of the MSON holders been shaken out on the dips to $19? If you did > not sell, how did you justify it to yourself? > > Ricardo Bekin ------------------------------------------------------------------------------- From: bob gibson Subject: Re: [CANSLIM] KEG currently halted Date: 18 Sep 1997 16:59:02 At 11:13 AM 9/18/97 -0700, you wrote: >At 10:55 AM 9/18/97 -0400, you wrote: >> >>If you're watching keg, you'll notice that it is halted pending this >>news...I haven't had a chance to analyze this fully but it looks like >>they made a deal with a private investor(s) to fund more acquisitions >>and accelerate earnings...short term, I don't know. But mgmt is >>supposed to be top notch... >> >I don't think it was ever halted. It was trading at high volume early this >morning Pac Time, Yahoo just was broken and didn't have a quote on it. The >real-time quote from Schwab at about 11:00 AM market time was -1/8 on >something like 500,000 shares traded. > >Yahoo didn't have any of their usual news releases this morning until about >11:30 market time and said several stocks I follow hadn't traded since >yesterday which was pure baloney - probably had a server go down or something. > I just got the intraday chart from Lombard (free to all). Looks like KEG wasn't halted, but held back. The 1st trade was about 11:15 ET. between 200K and 300K shares. Downhill from there to 30.375 about 3:00 and back up to close at 31.25. Could it be that the new debentures were converted and dumped on the mkt? Total vol. 1,055,600. Bob ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] a question about margin Date: 18 Sep 1997 21:32:52 -0400 I didn't see that proposal, but if some stupid bureaucrat actually proposed what you are describing, I can't imagine it ever standing up in a tax court since the shareholder has no control over the hypothecation of his stock, nor receives either notice of intent, notice of loaning, or compensation in any fashion for it. If nothing else, the big wire houses (and trust me, they have a lot of clout with IRS) would fight it hand, tooth and nail as it would adversely affect their business since every short sale represents two commissions (one to sell, one to cover). Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: William E. Morrison > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] a question about margin > Date: Thursday, September 18, 1997 1:15 PM > > Tom > I know I can butcher terminology. I think we are on the same page > though. Even when I have lost the right to vote (which is not a big > deal to me) I have receive company reports (I think). The bigger > problem is the IRS proposal I saw in Barons, IBD or Wall Street Journal > a few month ago (I can't remember which). It involves taking away the > long term holding status from you if your shares have been lent out. > Their premise is that two people can't truly own the same shares at the > same. It's just a proposal now, and as far as I know it has not been > withdrawn. That would be a real mess. > > Bill > > Tom Worley wrote: > > > > Bill, I mostly agree with what you say, but will differ in > > terminology. > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] IFCI Date: 18 Sep 1997 21:28:13 -0400 Guess I called that breakout just in time, too bad too late to get some for myself!! Moved from 4 9/32 to 4 31/32 bid, 5 offered and trading there, about an 18% move for one day, on almost a million shares (about 3X normal). Wonder what tomorrow will bring? Sure will be glad when the big caps go back to sleep, maybe after triple witching?? Hope someone else was luckier or quicker than I. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- The chart looks enticing. Could be a breakout in the making. Not likely, but possibly at least a significant move up. However, there was a similar pattern around Aug. 10th that failed utterly. It appears that the last three days movement upward can be at least partially attributed to news to be found at: http://biz.yahoo.com/bw/97/09/15/ifc_ifci_1.html I ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] MSON Date: 18 Sep 1997 21:36:42 -0400 Q1: No Q2: stupidity and stubbornness, combined with shock Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Ricardo Bekin > To: CANSLIM > Subject: [CANSLIM] ISTN / MSON > Date: Thursday, September 18, 1997 10:29 AM > > Have any of the MSON holders been shaken out on the dips to $19? If you did > not sell, how did you justify it to yourself? > > Ricardo Bekin ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] KEG currently halted Date: 18 Sep 1997 21:48:10 -0400 I do believe it was halted while the news was disseminated that it was doing a convertible bond issue. Unfortunately, no details were released on the details. This is important as it's possible that the conversion ratio was already fixed some weeks ago, with the share price much lower, meaning the buyers of the bonds when issued with have an instant capital gain (just like a hot IPO). Most likely most of the bonds will go to institutional investors, who will hold them for income and paper cap gain until eventually they are called and they are forced to sell or convert. No, I doubt any shares were sold against the bonds unless (a) they were sold short and (b) the sellers were pretty sure of getting the bonds. I would suggest a KEG shareholder call the company and ask for details on the bonds. Questions should include: conversion ratio or price; when bonds will actually be issued; have bonds already been placed or are some still available for individual investors. The co did say that the bond issue will be accretive to earnings. I presume this means that the interest rate on the bonds is measurably below what they are currently paying on their existing long term debt to be paid off by this issue. However, from a shareholder point of view, if the bonds are already "in the money" then these addl shares will have to be counted in subsequent earnings reports on a fully diluted basis. This could cause the next report after the issuance of the bonds to show a major drop in EPS comparisons, well before any savings in interest payments kicks in and boosts net earnings. No idea if the bond issue can be completed in time for the upcoming earnings report, but this is why the expected issue date should be asked. It may also mark the point where any short term traders of the bond that get initial issue may elect to either sell the bond or exercise and sell the stock. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: bob gibson > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] KEG currently halted > Date: Thursday, September 18, 1997 12:59 PM > > At 11:13 AM 9/18/97 -0700, you wrote: > >At 10:55 AM 9/18/97 -0400, you wrote: > >> > >> > >I don't think it was ever halted. It was trading at high volume early this > >morning Pac Time, Yahoo just was broken and didn't have a quote on it. The > >real-time quote from Schwab at about 11:00 AM market time was -1/8 on > >something like 500,000 shares traded. > > > >Yahoo didn't have any of their usual news releases this morning until about > > > wasn't halted, but held back. The 1st trade was about 11:15 ET. between > 200K and 300K shares. Downhill from there to 30.375 about 3:00 and back up > to close at 31.25. > Could it be that the new debentures were converted and dumped on the mkt? > Total vol. 1,055,600. > Bob > ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] KEG currently halted Date: 19 Sep 1997 02:24:14 GMT :> :I don't think it was ever halted. It was trading at high volume early = this :morning Pac Time, Yahoo just was broken and didn't have a quote on it. = The :real-time quote from Schwab at about 11:00 AM market time was -1/8 on :something like 500,000 shares traded.=20 : :Yahoo didn't have any of their usual news releases this morning until = about :11:30 market time and said several stocks I follow hadn't traded since :yesterday which was pure baloney - probably had a server go down or = something. : :Tim Fisher KEG was clearly not trading for at least the first 1 1/2 hours. No quote at Yahoo, AOL, or Datek. I speculated that the market maker(s) couldn't find buyers for the panicy sell orders, what with the high volume plummet the previous afternoon (hearsay -- I don't know just how the action was yesterday afternoon, but I read something like that online -- probably here). Of course, it could have been something else. It may have been as Jonathan said: << If you're watching keg, you'll notice that it is halted pending this news... >> ( BW)(KEY-ENERGY)(KEG) Key Energy Places $180.0 Million of Convertible Subordinated Notes in a Private Offering ... ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] possible buys Date: 18 Sep 1997 19:31:13 -0800 I don't have the current numbers on these stocks, but I did the homework on them a few months ago and put them on a watch list, so they have something going for them. Neither one has formed ideal chart patterns, but still worth a look, I think ... Advanced Digital (ADIC) spiked up today out of a sort of ascending consolidation pattern, if there is such a thing, sort of an ascending triangle type thing. Volume was quite heavy today. It is still below the high set last January, but has made a high over about the last 7 months. Cognos (COGNF) is one to start monitoring for a breakout of a recent consolidation area, I would put the buy point at 35 1/4 if volume is high when it hits that price. Cognos makes software used for querying databases. I think the PE is near the growth rate. This one is like ADIC in that a breakout above 35 would still leave it below all time highs. Both of these stocks were featured last year in Individual Investor's Magic 25 issue. ------------------------------------------------------------------------------- From: dcameron@info1.harper.cc.il.us (Dave Cameron) Subject: Re: [CANSLIM] Estimated Taxes Date: 18 Sep 1997 21:45:38 -0500 (CDT) > > Dave Cameron wrote: > > FWIW, I think the law is silly. How am I supposed to guess > > what my "income" will be this year. Hell, its September, > > and I have no idea whether I'll get a refund or have to > > pay... it depends on what happens in the next couple of months. > > As long as we pay in full by April 15, what do they care? > > Why shouldn't they care? How would you like it if you only > got paid once a year? There is no reason to guess what your I don't have the resources to print money like the Treasury can.... If I could, I wouldn't mind getting paid once a year. > income will be; they only want the taxes on the income for Then you have to guess what your income will be each quarter. I've been investing long enough to have some wildly variable quarters (1st quarter this year was a loss, 2nd quarter was a decent gain...) Have you been fortunate enough to have steady gains every quarter? > each quarter at a time. The only flaw in the system is that > you're not allowed to opt-out of withholding and send them > a quarterly check instead, resulting in overpayment in > quarters where losses should offset employment income. This > is a necessary flaw...otherwise, a lot of people would opt-out, > then not have the money to pay later. I can tell I'd get nowhere with you, but a couple of points: 1. Do you really think that is the ONLY flaw in the system? 2. Have you ever noticed that you can't tell your employer to take exactly X dollars out of each paycheck? You have to fill out a convoluted W4 - and then see how much is being taken out. THEN, you can adjust future withholdings accordingly. 3. It is very hard to estimate taxes owed when the rules change every year. Last year there were over 800 changes in the tax code. Can you keep up? I have had years where I've had a loss for the first 3 quarters then a decent sized gain in the 4th quarter. According to the law, I'd get penalized for underwithholding if this happened in 2 consecutive years. Ridiculous. And I'm a LOT bettter at budgeting than the lawmakers. I'm running a surplus every year. Dave Cameron > ------------------------------------------------------------------------------- From: dcameron@info1.harper.cc.il.us (Dave Cameron) Subject: Re: [CANSLIM] a question about margin Date: 18 Sep 1997 21:48:57 -0500 (CDT) > > I didn't see that proposal, but if some stupid bureaucrat actually > proposed what you are describing, I can't imagine it ever standing > up in a tax court since the shareholder has no control over the > hypothecation of his stock, nor receives either notice of intent, > notice of loaning, or compensation in any fashion for it. If > nothing else, the big wire houses (and trust me, they have a lot of > clout with IRS) would fight it hand, tooth and nail as it would > adversely affect their business since every short sale represents > two commissions (one to sell, one to cover). > You underrate the bureaucrats.... the obvious would be to force each wire house to notify intent and loaning in such cases. Ask the tobacco industry about clout... Dave Cameron ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] ati Date: 19 Sep 1997 02:51:14 GMT On Thu, 18 Sep 1997 12:51:27 -0600, you wrote: :I'm not sure if it is a canslim stock but I can see a cup with a wedge :shaped handle. Looks as if it will be moving to a new high very soon. As :an amature, any opinions would be welcome :Russell I've been watching this stock since it was in the upper twenties in July. A favorable earnings report brought it to my attention. The news propelled it into the thirties, but it hasn't taken off. Even so, it's up over 20% since the last earnings report. I wouldn't buy it unless I saw reason to expect a good possibility of a substantial advance. That's the CANSLIM strategy and it suits my thinking. Like Tom said, there's too many trains leaving the station. And if there aren't, you're better off in cash. I said *that*. The pattern looks good, though not convincing, certainly. I've seen a lot of stocks break out of similar patterns. But that doesn't mean this one will. Dan ------------------------------------------------------------------------------- From: dcameron@info1.harper.cc.il.us (Dave Cameron) Subject: Re: [CANSLIM] possible buys Date: 18 Sep 1997 21:50:49 -0500 (CDT) Patrick wrote: > > Cognos (COGNF) is one to start monitoring for a breakout of a recent > consolidation area, I would put the buy point at 35 1/4 if volume is > high when it hits that price. Cognos makes software used for > querying databases. I think the PE is near the growth rate. This > one is like ADIC in that a breakout above 35 would still leave it > below all time highs. It may be far enough away from the time it hit its all-time high to not matter that much.... which you seem to agree. > dave cameron ------------------------------------------------------------------------------- From: "frank swenson" Subject: Re: [CANSLIM] NOI [Trader] Date: 18 Sep 1997 17:04:06 -1000 This is a multi-part message in MIME format. ------=_NextPart_000_0002_01BCC454.DF3F5D20 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Thanks for the response Connie. Its encouraging when someone who knows = what they are doing agrees with my stock picks. I am in today at 67. Frank Swenson -----Original Message----- Cc: frankjs@maui.net frank swenson wrote:=20 Daily Graph numbers look promising on NOI. I would appreciate any = opinions=20 since I'm still fairly new at CANSLIM.=20 EPS..93=20 RS..95=20 A/D.. B=20 timeliness...A=20 shares 17.8M +6.2M float=20 Short interest 24 days +13% !!=20 ADV..68.6K=20 CHART...A "bumpy" LLUR=20 up yesterday on heavy volume (-1% off high)=20 up 1 today so far on average volume.=20 Thanks, All opinions appreciated=20 Frank Swenson Frank--=20 NOI gave a short term buy yesterday and a confirmation today. All the = technicals look okay.=20 Connie Mack=20 [Trader]=20 ------=_NextPart_000_0002_01BCC454.DF3F5D20 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Thanks for the response = Connie. Its=20 encouraging when someone who knows what they are doing agrees with my = stock=20 picks. I  am in today at 67.

Frank = Swenson

-----Original = Message-----
From:=20 Connie Mack Rea <rea1@dp.net>
To: canslim=20 <canslim@mail.xmission.com>
Cc: frankjs@maui.net=20 <frankjs@maui.net>
Date: Thursday, September 18, 1997 = 10:40=20 AM
Subject: [CANSLIM] NOI [Trader]

frank = swenson=20 wrote:=20
Daily Graph numbers look promising on NOI. I = would=20 appreciate any opinions
since I'm still fairly new at CANSLIM.=20
EPS..93
RS..95
A/D.. B
timeliness...A
shares = 17.8M +6.2M=20 float
Short interest 24 days  +13% !!
ADV..68.6K =
CHART...A=20 "bumpy" LLUR
up yesterday on heavy volume (-1% off = high)=20
up 1 today so far on average volume.
Thanks, All opinions=20 appreciated
Frank Swenson
   = Frank--=20

NOI gave a short term buy yesterday and a confirmation = today.  All=20 the technicals look okay.=20

Connie Mack
    [Trader] = ------=_NextPart_000_0002_01BCC454.DF3F5D20-- ------------------------------------------------------------------------------- From: John Nogueira Subject: [CANSLIM] Re: CXP breakout, MSTR breakout Date: 19 Sep 1997 02:27:01 -0400 Someone in the group mentioned a CXP breakout on Wednesday. As a recap, here's the breakdown: CXP sports an IBD EPS rank of 98. IBD RS = 91. Accum. Dis. = A. Shares out. = 22 mil. 42% of this company's shares are owned by institutions. The debt to equity ratio is 28%. CXP broke out of a flat base on Wed. at $31.5 on high volume. On Thursday, the breakout followed through on triple volume. The stock is extended less than 5% from its pivot point. The company is ranked #1 in it's group. In my opinion, this could be a CANSLIM stock. Other facts to consider: Group (Bldg-Cement/Concrt/Ag) IBD rank is only 67/197. However, in the past 6 months, this group has climbed 21 notches. Since Jan. 1, this group has returned 12% more than the S&P500. MSTR broke out of a cup and handle pattern on Tues. This company made the IBD "greatest % rise in vol. list" breaking out at $37.5 on triple volume. A few months ago, MSTR succesfully broke out of a primary cup and handle. After rising more than 20% it consolidated and accumulated, forming this secondary cup and handle. MSTR sports an IBD EPS rank = 97. IBD RS = 96. Acc dis. = A. Group - Food-Dairy Products ranked 35/197, down from 10 six months ago. MSTR is #1 in its group. In my opinion, this might qualify as a CANSLIM stock with the following reservation: debt to equity ratio = 200% - perhaps a short term play. JOhn ------------------------------------------------------------------------------- From: "Knowles, Richard N." Subject: RE: [CANSLIM] RE: Selling MSON Date: 19 Sep 1997 07:56:06 -0400 Re: selling MSON For once I had my timing down right. When MSON started to stall and sputter at around 21 I started getting concerned that it was moving on momentum (which had dried up). It turned down for a day, paused and then went up a little which almost got me to change my mind, but when it turned back down I decided to take my profits and bid it adieu. I was in at 12 out at 20 3/4.... Seeing as how it is down a ways, once its bottomed on this dip I may get back in if I see signs of further momentum or more on earnings. Rich Knowles >---------- >From: Joy Kyriakopulos[SMTP:joyk@FNAL.GOV] >Sent: Thursday, September 18, 1997 7:39 PM >To: canslim@mail.XMISSION.COM >Subject: [CANSLIM] RE: Selling MSON > >RE: Selling MSON > >I haven't sold, but you shouldn't follow my inexperienced example. > >I justified not selling because with my partial understanding of things, >I thought I bought a company that would do well over longer than a one >week time period. I think, or assume, that the company fundamentals are >still good and that it will improve still more. Also, in previous days, >the volume was low, and I was assuming that interest would come in waves. > >I do wish, however, that I'd bought it when you first drew attention to >it on the CANSLIM discussion list on Aug. 1 (you bought at 8-3/8?). >Then I wouldn't be worrying (so much)... > > Joy Kyriakopulos > joyk@fnal.gov > >> ISTN may be trying to breakout again, after last Wednesday's failed attempt >> (I haven't bought yet, but am thinking about it). >> >> Have any of the MSON holders been shaken out on the dips to $19? If you did >> not sell, how did you justify it to yourself? >> >> Ricardo Bekin > > ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] MSON [Trader] Date: 19 Sep 1997 08:23:05 -0400 Richard-- You've been reading my indicators. Don't believe that you could have gotten out any sooner by using technical indicators. As sensitive as mine are set, they could not have gotten you out any sooner--unless one were guessing about what was to come, and guessing is always dangerous. Very nice move, Richard. Connie Mack ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] RE: Boxing of ASND Date: 19 Sep 1997 08:34:39 -0400 Members-- I've received mail from one member who attempted a box of ASND for a bounce. Since I've heard from only this one member, perhaps he is the only one to have tried for a bounce. I've closed the box at 34.875 yesterday: took away 1.625 in a couple of days. I left yesterday primarily because of the witching conjunctions of today. Otherwise, I would have held further. I intend to buy ASND at 33, 32, and 31 for a repeat bounce and probably a longer hold. I did not get any stock at 32 or 31, but will establish another box with a top at 33 and a bottom at 31. Connie Mack ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] ADIC &COGNF [Trader] Date: 19 Sep 1997 09:01:50 -0400 Morning Patrick-- ADIC looks to have gotten away from a short term entry, which, for me, would have been at 18.25. The stock is beyond the upper Bollinger Band; some indicators I use in conjunction with BBs would keep me from entering at this level. COGNF is not amenable to traders. My indicators would have got me in at 28; but then about 10 days later would have jerked me around. It would have also given me further jerks the last few days. The handle of CS is an ambiguous and, perhaps, dangerous, figure for traders. I notice that frequently the CS handle is wound pretty tight. In a sense, the handle is a "range," but not a trading range, for the handle is wound too tightly. A trader welcomes a trading range, but it must be stable and wide enough for clearly signaled ins and outs. Connie Mack But for members, I would think the next move is up. ------------------------------------------------------------------------------- From: bannis@kraken.mvnet.wnec.edu (Brian Annis) Subject: Re: [CANSLIM] Estimated Taxes Date: 19 Sep 1997 12:06:09 -0400 (EDT) Dave Cameron wrote: > Then you have to guess what your income will be each quarter. > I've been investing long enough to have some wildly variable > quarters (1st quarter this year was a loss, 2nd quarter was > a decent gain...) Have you been fortunate enough to have > steady gains every quarter? No guessing is necessary. You finish paying for January-March in April, April-May in June, June-August in September, and the remainder in January (federal quarters aren't all the same size). > > I can tell I'd get nowhere with you, but a couple of points: > > 1. Do you really think that is the ONLY flaw in the system? The only flaw that keeps you from being able to pay just what you really should for the quarter. > 2. Have you ever noticed that you can't tell your employer > to take exactly X dollars out of each paycheck? You > have to fill out a convoluted W4 - and then see how much > is being taken out. THEN, you can adjust future withholdings > accordingly. Who says you have to follow the instructions or wait to see what is withheld? A payroll clerk should be able to tell you what would be withheld for a given filing status and income, or you could get your own copy of the withholding rules from the IRS each year. What you're really trying to do, though, is fight the system. Its easier to make estimated payments to account for additional income than try to adjust withholding. > 3. It is very hard to estimate taxes owed when the rules change > every year. Last year there were over 800 changes in the > tax code. Can you keep up? With those few changes that matter, yes. I don't appreciate it, though, when they make a change retroactive. > I have had years where I've had a loss for the first 3 quarters > then a decent sized gain in the 4th quarter. According to the > law, I'd get penalized for underwithholding if this happened > in 2 consecutive years. Ridiculous. And I'm a LOT bettter > at budgeting than the lawmakers. I'm running a surplus every > year. You would NOT owe a penalty; you would just have to fill out the d**n form proving that you don't (its not one of their easier forms, but DO NOT let the IRS do this for you). When you annualize the income for each of the first three quarters, you will calculate tax amounts considerably less than proportional parts of the total tax, yielding no penalty for those quarters. As long as you make an estimated payment in January for any shortfall caused by the 4th quarter gain, you won't have a penalty for that quarter either. ------------------------------------------------------------------------------- From: Connie Mack Rea Subject: [CANSLIM] Brokerage Houses Date: 19 Sep 1997 15:25:34 -0400 Members-- I've seen a few postings about preferences for brokerage houses. You might take a look at this site for score card ratings: http://gomezadvisors.com/scorecard/allstar/allstarsumm.htm Connie Mack ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DG Online Date: 19 Sep 1997 21:10:49 -0400 Well, looks like I won't be studying the several hundred charts I wanted to check out this weekend. DG Online worked fine Thursday nite, Friday morning my password was invalid. Wrote Tech Support and they can't find my registration file by my last name or by my email address. Asked for my user nr, which I sent them, but doubtful I will get an answer before Monday. Oh well. To their credit Tech Support is very good about fast response to email. Anybody else out there beta testing that has had this problem of being "lost" by the system? Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "frank swenson" Subject: Re: [CANSLIM] DG Online Date: 19 Sep 1997 16:25:34 -1000 A couple of weeks ago the same happened to me and I had assumed that it was because I had been out of the country for a couple of weeks and hadn't used the service....However, the real reason was because I had forgotten that I changed the password before leaving! Once DG reminded me of my new password it worked fine. I'm sure you wouldn't have done anything as dumb as that, but I thought I'd let you know, Frank Swenson -----Original Message----- >Well, looks like I won't be studying the several hundred charts I >wanted to check out this weekend. DG Online worked fine Thursday >nite, Friday morning my password was invalid. Wrote Tech Support >and they can't find my registration file by my last name or by my >email address. Asked for my user nr, which I sent them, but >doubtful I will get an answer before Monday. Oh well. > >To their credit Tech Support is very good about fast response to >email. Anybody else out there beta testing that has had this >problem of being "lost" by the system? > >Any statements or opinions are strictly my own and not that of my >employer. My comments should not be interpreted as a recommendation >of any kind. I am a licensed (inactive) broker and an active >investor. All investors should do their own research prior to any >investment, especially one learned about on the Internet. Hopefully >my comments will better inform and educate all investors. > >tom w > > ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: Re: [CANSLIM] DG Online Date: 19 Sep 1997 23:43:06 -0400 (EDT) I had this problem several times and asked daily graph to help. Sometimes it takes a while to get the answer if at all. I found a solution though. I register again (Note that your original registration partially filled can be retrieved in your computer). I get e-mail confirmation in about half an hour and then log on without any problem. Try this Tom and let me know if this works. Surindra On Fri, 19 Sep 1997, Tom Worley wrote: > Well, looks like I won't be studying the several hundred charts I > wanted to check out this weekend. DG Online worked fine Thursday > nite, Friday morning my password was invalid. Wrote Tech Support > and they can't find my registration file by my last name or by my > email address. Asked for my user nr, which I sent them, but > doubtful I will get an answer before Monday. Oh well. > > To their credit Tech Support is very good about fast response to > email. Anybody else out there beta testing that has had this > problem of being "lost" by the system? > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be interpreted as a recommendation > of any kind. I am a licensed (inactive) broker and an active > investor. All investors should do their own research prior to any > investment, especially one learned about on the Internet. Hopefully > my comments will better inform and educate all investors. > > tom w > > ------------------------------------------------------------------------------- From: "Gess Shankar" Subject: [CANSLIM] Russell 2000 list Date: 20 Sep 1997 00:30:20 -0500 Hi, Do the list postings get published somewhere on the web? I posted a message about the Russell 2000 list being available couple of days ago. I got about 30 requests, which I thought was quite normal. But suddenly there is a deluge of 100+ requests today, which is making me wonder where these are coming from. Gess ------------------------------------------------------------------------------- From: "Gess Shankar" Subject: [CANSLIM] Mindspring (MSPG) Date: 20 Sep 1997 00:30:20 -0500 Not a CS candidate, but they are one of my ISPs and I have been watching the stock climbing up gradually without much ado. From $11 about 8 weeks ago, it is now $22 and change. For the past few days, I am seeing increased volume - 300K-500K, which is 7-10 times its average. Mindspring and Earthlink are two ISP's aggressively buying retail subscribers from other ISPs. May be worth watching. Gess Gess :::::::::::::::::::::::::::::::::::::::::::::::::::::::: Gess Shankar pax vobiscum gess@earthchannel.com http://www.earthchannel.com Earth Channel Communications, LLC. :::::::::::::::::::::::::::::::::::::::::::::::::::::::: ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] FYI Stocks that I watch that broke out today Date: 20 Sep 1997 05:01:03 GMT sza -- I don't really watch this. Saw a post on this forum from early June. Totally busted out today. You could see the bud of=20 a breakout yesterday (I wasn't watching). It finished near the high for the day. =20 mcrl -- Finally made a big move. Also finished near the high for the=20 day. This had been building for 2 - 3 days. mson -- Hope Tom didn't Sell! socr -- Ditto. Both made big moves and finished at the top of the=20 day. Good sign for the future, if you believe in omens=20 (dangerous). alnk -- Also finished near the top. ntaif -- Wouldn't call this a breakout, but the best move in a while. asyt -- Not that big, but finished at the top. atmi -- Over 12%, and at the top! egrp -- Into new high ground over 40. Finished near the high for the day for 3 straight days with building momentum. manu -- Been wondering what happened to this CANSLIMer that WON=20 mentioned last Spring along with SMOD as a likely stock to=20 take off when the market direction finally turned up. I remember hearing something about some insider trading a month or two ago, but other than that, can't imagine what deflated this CS stock. All comments welcome, of course! Dan ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] FYI Stocks that I watch that broke out today Date: 20 Sep 1997 01:20:04 -0400 (EDT) In a message dated 97-09-20 01:03:43 EDT, you write: << manu -- Been wondering what happened to this CANSLIMer that WON mentioned last Spring along with SMOD as a likely stock to take off when the market direction finally turned up. I remember hearing something about some insider trading a month or two ago, but other than that, can't imagine what deflated this CS stock. >> I guess it depends on how you define a CS stock. It doesn't have a "stable, consistent earnings record" and its PE is way beyond its growth rate, current or anticipated. I know O'N doesn't care much about PE, but MANUs earnings would have to ramp up much faster than they are to justify what people are (or were) being asked to pay for it. IMO, of course. -----Db ------------------------------------------------------------------------------- From: Kcholly Subject: Re: [CANSLIM] DG Online Date: 19 Sep 1997 21:45:04 -0700 Received a notice that DG was coming down for maint. Fri - Sun Tom Worley wrote: > Well, looks like I won't be studying the several hundred charts I > wanted to check out this weekend. DG Online worked fine Thursday > nite, Friday morning my password was invalid. Wrote Tech Support > and they can't find my registration file by my last name or by my > email address. Asked for my user nr, which I sent them, but > doubtful I will get an answer before Monday. Oh well. > > To their credit Tech Support is very good about fast response to > email. Anybody else out there beta testing that has had this > problem of being "lost" by the system? > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be interpreted as a recommendation > of any kind. I am a licensed (inactive) broker and an active > investor. All investors should do their own research prior to any > investment, especially one learned about on the Internet. Hopefully > my comments will better inform and educate all investors. > > tom w ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] FYI Stocks that I watch that broke out today Date: 20 Sep 1997 14:38:53 GMT On Sat, 20 Sep 1997 01:20:04 -0400 (EDT), you wrote: :In a message dated 97-09-20 01:03:43 EDT, you write: : :<< manu -- Been wondering what happened to this CANSLIMer that WON=20 : mentioned last Spring along with SMOD as a likely stock to=20 : take off when the market direction finally turned up. : I remember hearing something about some insider trading a : month or : two ago, but other than that, can't imagine what deflated this :=20 : CS stock. >> : :I guess it depends on how you define a CS stock. It doesn't have a = "stable, :consistent earnings record" and its PE is way beyond its growth rate, = current :or anticipated. I know O'N doesn't care much about PE, but MANUs = earnings :would have to ramp up much faster than they are to justify what people = are :(or were) being asked to pay for it. IMO, of course. : :-----Db At the risk of sounding stupid, please let me ask you a simple question: How did you determine (I know it's probably a calculation) that the "PE is way beyond its growth rate, current or anticipated." Closely related question: Can I get a recommendation for something(s) to study to give me a fundamental grounding in at least basic technical analysis? Thanks Dan ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] FYI Stocks that I watch that broke out today Date: 20 Sep 1997 08:03:30 -0700 At 05:01 AM 9/20/97 GMT, you wrote: >manu -- Been wondering what happened to this CANSLIMer that WON > mentioned last Spring along with SMOD as a likely stock to > take off when the market direction finally turned up. > I remember hearing something about some insider trading a >month or > two ago, but other than that, can't imagine what deflated this > > CS stock. > Maybe the P/E of 200 did the trick. It was way overvalued any way you cared to value it (PEG, P/E, RS, etc.) Finally made some kind of earnings to bring it down to 100 but really, can anyone justify the roll this one has gone on? Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: Tim Fisher Subject: [CANSLIM] NR Breakout Date: 20 Sep 1997 08:08:28 -0700 FYI: Broke out yesterday after a 15% correction bumped me out of my original shares but not my split shares. May not be a LLUR but a solid CANSLIM. * NEWPARK RESOURCES INC. shares rose solidly Friday as the provider of waste-disposal services to the oil- and gas-services industries expects to get a boost from stricter environmental guidelines facing the oil industry, Investor's Business Daily said. (Bloomberg) Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: Tim Fisher Subject: [CANSLIM] This weeks goodies Date: 20 Sep 1997 08:10:17 -0700 CANSLIM stocks that I hold and did good for the week, most moved on Tues and/or Fri. Note the high P/E on Micrel. Someone commented in its move but if there isn't any real reason for it, earnings or news, it is getting overvalued IMHO. PEG is now over 2. The only higher PEG I own is UTI and I don't have much faith in it either. 52 WK 52 WK P/E WEEK SECURITY CLOSE HIGH LOW RATIO CHNG Anchor Gaming............ 90 92 5/8 23 1/2 34 +5.1% Dell Computer Corp....... 97 3/4 97 3/8 18 23/32 48 +12.1% Lone Star Technologies In 49 15/16 50 1/2 12 5/8 32 +8.4% Micrel Incorporated...... 40 1/2 39 3/8 9 1/8 68 +9.4% Newpark Resources Inc.... 38 15/16 37 1/2 16 3/16 43 +13.6% STB Systems Inc.......... 40 1/2 45 3/4 12 32 +7.2% Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] FYI Stocks that I watch that broke out today Date: 20 Sep 1997 08:32:25 -0700 At 02:38 PM 9/20/97 GMT, you wrote: >At the risk of sounding stupid, please let me ask you a simple >question: How did you determine (I know it's probably a calculation) >that the "PE is way beyond its growth rate, current >or anticipated." > High PEG, or price/earnings/growth. Growth can be trailing EPS, projected EPS, or 1 year trailing + 1 year projected. Anyway here's a few PE/s and PEGs I have from Zacks based on last months data (Price as of Aug 31; don't know the exact formula but it's P/E where EPS are F1 consensus estimates to expected F1 EPS growth): Maverick Tube MAVK 40.03 1.36 Uti Energy Corp UTI 47.89 3.78 Anchor Gaming SLOT 30.65 0.85 Lone Star Tech LSS 26 0.64 Comp Task TSK 55.51 1.31 Analytic Survey ANLT 46.81 1.08 Pri Automation PRIA 51.45 1.57 Manugistics Gp MANU 108.65 1.79 Access Hlth Inc ACCS 38.58 1.22 Market Facts MFAC 31.07 1.51 Micrel Semicond MCRL 59.09 1.86 Hadco Corp HDCO 20.27 0.89 Ha-lo Inds Inc HALO 38.54 1.22 Utd Video Satel UVSGA 27.06 0.81 Zoltek Cos Inc ZOLT 64.29 1.13 Hutchinson Tech HTCH 14.16 0.59 These are a few CANSLIMS that I have either bought or are considering when I get the funds. From the PEGs I conclude that the lower the PEG the more room for price appreciation, when the PEG approaches 2 the price will usually slow down or top out until better earnings or really good news. A PEG under 1 leaves considerable room for growth, in fact a PEG under 0.5 on a CANSLIM stock would mean it's seroiusly undervalued. None of my candidates have less than HTCH above; I want it but am waiting for an entry point & funds. I bot LSS mostly because of the PEG which was considerably lower a few months ago and still has lots of room for growth. Notice the high PEG on UTI; now would not be a good time to get in it but this reflects the huge price appreciation it's had the last few months. MAVK had a PEG of about 0.6 when I bot and now it's at 1.36 with room for more growth (up to about 2 I think it will appreciate on its own; others have different cutoffs). Notice MANU has an incredible P/E but a reasonable PEG. It still scares me anyway. For some really low PEGs check out NAK REMI CTU MLOG CTYS DHTI. These are the result of a Fool-type scan I did and am too chicken to stick any $$$ into. I'd like to look at relative PEGs to see what I may be missing but am too lazy to calculate them. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] NR Breakout Date: 20 Sep 1997 11:14:24 -0400 Tim, if you stop was hit, why only on the original shares and not the split shares as well? Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Tim Fisher > To: upupandaway@shango.com > Cc: canslim@mail.xmission.com > Subject: [CANSLIM] NR Breakout > Date: Saturday, September 20, 1997 11:08 AM > > FYI: Broke out yesterday after a 15% correction bumped me out of my original > shares but not my split shares. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] MSON, SOCR (was FYI Stocks that I watch that broke out today) Date: 20 Sep 1997 11:10:44 -0400 I grew some more grey hairs, but hung in with my two small caps and got rewarded for violating the rules. Vol on Thursday on SOCR was especially disturbing, almost shook me out then. On Friday morning, dropped another 3/8s, but this time on very light vol so wasn't as worried holding on a little longer. Once it crossed back over 10 the volume really picked up. Had I not been able to watch this one closely with real time quotes and judge its performance against how I read the mkt (a continued big cap rally on Thu), then I am sure I would have been stopped out. My only justification keeping it was the bottom of support was at 10, and my initial mental stop was at 9.75. On Friday, the light volume allowed me to be generous with that stop. On MSON, I had bot it as it broke out of support between 16 and 17, and set a mental stop just below that. Still not a fun ride back down, but am hoping to see some more upside next week, possibly with some consolidation and base creation. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- today mson -- Hope Tom didn't Sell! socr -- Ditto. Both made big moves and finished at the top of the day. Good sign for the future, if you believe in omens (dangerous). ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Russell 2000 list Date: 20 Sep 1997 11:16:21 -0400 My guess, Gess, is that the members getting only the digest version just got it. Last time I checked, we had about 300 or more members getting the digest, and there could be a time delay in their receiving it. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Gess Shankar > To: canslim@mail.xmission.com > Subject: [CANSLIM] Russell 2000 list > Date: Saturday, September 20, 1997 1:30 AM > > Hi, > > Do the list postings get published somewhere on the web? I posted a > message about the Russell 2000 list being available couple of days > ago. I got about 30 requests, which I thought was quite normal. But > suddenly there is a deluge of 100+ requests today, which is making me > wonder where these are coming from. > > Gess ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] DG Online Date: 20 Sep 1997 12:05:49 -0400 No, that wasn't the problem, nor was mistyping. I even went back and tried my originally assigned password when I was invited on as a beta tester. I will try to create a new registration and use that for now while they hopefully fix it. Kinda attached to that original user nr! Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: frank swenson > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] DG Online > Date: Friday, September 19, 1997 10:25 PM > > A couple of weeks ago the same happened to me and I had assumed that it was > because I had been out of the country for a couple of weeks and hadn't used > the service....However, the real reason was because I had forgotten that I > changed the password before leaving! Once DG reminded me of my new password > it worked fine. I'm sure you wouldn't have done anything as dumb as that, > but I thought I'd let you know, > Frank Swenson > ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] NR Breakout Date: 20 Sep 1997 10:05:01 -0700 At 11:14 AM 9/20/97 -0400, you wrote: >Tim, if you stop was hit, why only on the original shares and not >the split shares as well? > Becasue I treat a split as a purchase and so give it a flat 15% stop loss which doesn't change until it makes 20%, then it's a 15% trailing stop loss (which happens to be exactly the same as the stop loss on the original shares so I then have one stop loss for the original shares and the split shares). It hadn't yet made 20% off the split so I didn't get stopped out of the split shares. >> FYI: Broke out yesterday after a 15% correction bumped me out of >my original >> shares but not my split shares. > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] MANU Date: 20 Sep 1997 13:28:01 -0400 (EDT) In a message dated 97-09-20 11:00:45 EDT, you write: << At the risk of sounding stupid, please let me ask you a simple question: How did you determine (I know it's probably a calculation) that the "PE is way beyond its growth rate, current or anticipated." Closely related question: Can I get a recommendation for something(s) to study to give me a fundamental grounding in at least basic technical analysis? Thanks Dan >> Hope I didn't come on too strong. I was looking at both current (TTM) PE and forward PE. The latter, currently, is around 70. Yet its median expected growth rate is only around 45-50%. If estimates were being raised dramatically, that would have to be factored in. But estimates may be wrong either way. In any event, to buy on the chance that earnings will come in greater than expected would be a gamble unless you know the company and the industry extremely well. If not, why take this sort of chance when there are so many other stocks out there that don't involve this kind of risk? As far as basic TA goes, a good place to start is HTMMIS. After that, look at Technical Analysis: A Personal Seminar by the New York Institute of Finance. You can get it from Amazon or your local bookstore. -----Db ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] PEG Date: 20 Sep 1997 13:30:31 -0400 (EDT) The problem with PEG is (1) it depends entirely on the accuracy of the forecast and (2) there are so many ways of figuring it--1 year? 2 year? 3? 5? The smaller and more obscure your stock, the less likely it is that there are going to be very many people following it. This can be an advantage for a longtermer, but it does make estimates questionable (of course, IBM is the most followed company in the world, and they still can't get it right). So rather than look at estimates per se, I pay more attention to whether the estimates are being raised or not. This isn't much better, but at least it indicates that somebody is excited about the stock. Lynch said that many fund managers start to pull back on their stake in a given company if the PE exceeds 130% of the anticipated growth rate. I see no reason to disbelieve this. It doesn't mean that the stock is going to come to a screeching halt and tank when it reaches that level, but there are plenty of cases where the cheerleaders got just too weird when it came to chasing particular stocks, only to have them plummet when the band stopped playing. ----Db ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DG Online Date: 20 Sep 1997 13:37:57 -0400 Tried registering with DG Online, using pay by check. Got back answer that since I am paying by check will activate my password once payment received and will not bill me now since in beta testing but expect to be available for business in September. Hummm - let's see, either they are available for business, since this is already September last time I checked, thus I gotta pay first, or else they are in beta so why not reopen my acct for whatever "free" time I have left as a beta tester. I love these computer generated responses that are not kept current. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "S Menon" Subject: Re: [CANSLIM] FYI Stocks that I watch that broke out today Date: 20 Sep 1997 11:23:15 PDT Dan, I would think that it might be due to pressure from ITWO. Both of them develop supply chain software. I think SAP (SAPHY) is incorporating ITWO in their product but what if SAP decides to do it on their own. Remember what happened to CTXS a couple of months ago? Both (MANU and ITWO) are great companies, but I would watch the developments very closely if I decide to get in. Forget about PE for these companies. Look at www.techweb.com website, you might get more details. SMenon >manu -- Been wondering what happened to this CANSLIMer that WON=20 > mentioned last Spring along with SMOD as a likely stock to=20 > take off when the market direction finally turned up. > I remember hearing something about some insider trading a >month or > two ago, but other than that, can't imagine what deflated this > > CS stock. > >All comments welcome, of course! > >Dan > > ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com ------------------------------------------------------------------------------- From: Sam Funchess Subject: Re: [CANSLIM] DG Online Date: 20 Sep 1997 20:02:15 -0700 Don't worry, when I signed up for beta testing way back in May or June they said it would be up the very next month. I am beginning to wonder if they are ever going to get their act together. Sam Tom Worley wrote: > Tried registering with DG Online, using pay by check. Got back > answer that since I am paying by check will activate my password > once payment received and will not bill me now since in beta > testing but expect to be available for business in September. Hummm > - let's see, either they are available for business, since this is > already September last time I checked, thus I gotta pay first, or > else they are in beta so why not reopen my acct for whatever "free" > time I have left as a beta tester. > > I love these computer generated responses that are not kept > current. > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be interpreted as a recommendation > of any kind. I am a licensed (inactive) broker and an active > investor. All investors should do their own research prior to any > investment, especially one learned about on the Internet. Hopefully > my comments will better inform and educate all investors. > > tom w ------------------------------------------------------------------------------- From: cando@highfiber.com Subject: Re: [CANSLIM] NR Breakout Date: 21 Sep 1997 00:11:51 -0600 (MDT) Tim, Unless I have misunderstood your response to Tom's question below and am confused, I wonder who your broker is (who allows you to identify specific shares and place stop orders on them). My broker, NDB (National Discount Brokers) is unable to do this. If I want to do a market order with a live trader I can but that's not a stop order (definitely not the same thing). So, . . . who's your broker? Thanks. James Coburn Albuquerque, NM **************************** >At 11:14 AM 9/20/97 -0400, you wrote: >>Tim, if you stop was hit, why only on the original shares and not >>the split shares as well? >> >Becasue I treat a split as a purchase and so give it a flat 15% stop loss >which doesn't change until it makes 20%, then it's a 15% trailing stop loss >(which happens to be exactly the same as the stop loss on the original >shares so I then have one stop loss for the original shares and the split >shares). It hadn't yet made 20% off the split so I didn't get stopped out >of the split shares. > >>> FYI: Broke out yesterday after a 15% correction bumped me out of >>my original >>> shares but not my split shares. >> >Tim Fisher, 1995 President, Pacific Fishery Biologists >Ore-ROCK-On Rockhounding Web Site >PFB Information >tfish@spiritone.com >WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] DG Online Date: 21 Sep 1997 08:44:31 -0400 The funny (kinda, since they still didn't give me access) part was that the amount due was $0.00, maybe if I send a check for that amount they will let me in?? Of course, the longer they stay in beta testing the longer it's free!! Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Sam Funchess > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] DG Online > Date: Saturday, September 20, 1997 11:02 PM > > Don't worry, when I signed up for beta testing way back in May or June > they said it would be up the very next month. I am beginning to wonder > if they are ever going to get their act together. > > Sam > Tom Worley wrote: > > > Tried registering with DG Online, using pay by check. Got back > > answer that since I am paying by check will activate my password > > once payment received and will not bill me now since in beta > > testing but expect to be available for business in September. Hummm > > - let's see, either they are available for business, since this is > > already September last time I checked, thus I gotta pay first, or > > else they are in beta so why not reopen my acct for whatever "free" > > time I have left as a beta tester. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] C&H Date: 21 Sep 1997 10:27:15 -0400 Patrick, Don't know what charting service you are using, but the DG chart for both of these does not suggest a c&h to me. On ACTM, RS of 78 is not that good, esp for a breakout pending or in progress, nor is timeliness of C or up/down of 0.8. Overall the chart suggest to me it is in a downtrend that may have bottomed out, but an uptrend is yet to be confirmed. On FACO, it is thinly traded, with an RS of 65 (EPS of 96). A/D is B, and timeliness is B, again not suggesting a strong move to the upside. It does have a small float (4.4 mil) and trades even thinner, so any move could be swift and volatile. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Patrick Wahl > To: canslim@mail.xmission.com > Subject: [CANSLIM] C&H > Date: Wednesday, September 17, 1997 10:33 AM > > Michael Boone, I believe it was, was asking for examples of CUP and > Handle patterns. I suggest looking at ACTM (did you get it?). > Forgetting about other considerations, I think First Alliance (FACO) > is a good example of a cup and handle, with a breakout to a new high > today on good volume. Left side of the cup was last fall, Nov-Dec, > right side of cup and handle formed over the last 8 weeks or so. > > > You can find charts on line at www.stocktools.com, one of several > places anyway. > > Patrick Wahl ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] CXP breakout Date: 21 Sep 1997 10:29:14 -0400 Chart generally looks good, as does the CS nrs. GRS is only 62 however, and with some of the recent economic reports suggesting a slowdown in construction, esp in single family housing, would be worth while to examine its business to ensure this won't impact. Its a regional co, so should look at its regional base. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Hemant Rotithor > To: canslim@xmission.com > Subject: [CANSLIM] CXP breakout > Date: Wednesday, September 17, 1997 11:00 AM > > CXP breaking out of a flat base on a good volume. > Avg vol 44K, vol today 91.1K, price 29 3/4 > Other P/E=13, EPS 98, RS 91, ACC/Dist A Group Str B > I am not trading in the current market though. > > -- > Disclaimer: Opinions expressed in this document are those of the author. > Core Technology Group, C/C++ Compilers, Digital Equipment Corp., > 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] ati Date: 21 Sep 1997 10:23:21 -0400 Would prefer that RS of 77 and EPS of 95 were reversed. Float of 498 million shares takes it out of my target range. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: RClegg > To: canslim@mail.xmission.com > Subject: [CANSLIM] ati > Date: Thursday, September 18, 1997 2:51 PM > > I'm not sure if it is a canslim stock but I can see a cup with a wedge > shaped handle. Looks as if it will be moving to a new high very soon. As > an amature, any opinions would be welcome > Russell ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Mindspring (MSPG) Date: 21 Sep 1997 10:32:12 -0400 Needless to say, too extended for entry without some consolidation. However, revenue growth (and corresponding reduction in losses) quite impressive. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Gess Shankar > To: canslim@mail.xmission.com > Subject: [CANSLIM] Mindspring (MSPG) > Date: Saturday, September 20, 1997 1:30 AM > > Not a CS candidate, but they are one of my ISPs and I have been > watching the stock climbing up gradually without much ado. From $11 > about 8 weeks ago, it is now $22 and change. For the past few days, I > am seeing increased volume - 300K-500K, which is 7-10 times its > average. Mindspring and Earthlink are two ISP's aggressively buying > retail subscribers from other ISPs. May be worth watching. > > Gess > > > Gess > > :::::::::::::::::::::::::::::::::::::::::::::::::::::::: > Gess Shankar pax vobiscum > gess@earthchannel.com http://www.earthchannel.com > Earth Channel Communications, LLC. > :::::::::::::::::::::::::::::::::::::::::::::::::::::::: ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] noi Date: 21 Sep 1997 10:36:10 -0400 According to DG Online, it is merging with Dreco Energy (DREAF if I remember my symbols correctly) thus it's not likely to go anywhere unless a competing bid enters the arena (and that's not likely since this merger apparently goes back to May). Might be a cheap way to buy DREAF if that's what you want to do and the merger is for a stock exchange, not cash (I have no details so don't know if this is the case). Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: frank swenson > To: canslim@mail.xmission.com > Subject: [CANSLIM] noi > Date: Thursday, September 18, 1997 2:47 PM > > Daily Graph numbers look promising on NOI. I would appreciate any opinions > since I'm still fairly new at CANSLIM. > EPS..93 > RS..95 > A/D.. B > timeliness...A > shares 17.8M +6.2M float > Short interest 24 days +13% !! > ADV..68.6K > CHART...A "bumpy" LLUR > up yesterday on heavy volume (-1% off high) > up 1 today so far on average volume. > Thanks, All opinions appreciated > Frank Swenson > > > > > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] VTCH Date: 21 Sep 1997 10:37:47 -0400 With EPS only at 61, and RS at 84, wouldn't get me excited. I also note that the growth in revenues is considerably faster than the earnings growth. Ought to be the other way around. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Greg Nyberg > To: 'canslim@xmission.com' > Subject: [CANSLIM] VTCH > Date: Thursday, September 18, 1997 1:32 PM > > VTCH looks interesting. Might be breaking out today, although volume is > low. > Another low-cap, modest-pe, high growth company for Tom? > -Greg > > > Greg Nyberg, Senior Consultant > BORN Information Services Group > (612) 404-4217 Fax: (612) 404-4440 > > ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] NR Breakout Date: 21 Sep 1997 08:20:31 -0700 At 12:11 AM 9/21/97 -0600, you wrote: >Tim, > >Unless I have misunderstood your response to Tom's question below and am >confused, I wonder who your broker is (who allows you to identify specific >shares and place stop orders on them). My broker, NDB (National Discount >Brokers) is unable to do this. If I want to do a market order with a live >trader I can but that's not a stop order (definitely not the same thing). >So, . . . who's your broker? Thanks. > You don't have to identify the specific shares with a split. It doesn't matter which shares you sell, since from an accounting perspective you have bot at two prices which average out to some price in between, thus when you sell any shares the profit is calculated on the cost basis of all the shares you own, not the original buy price or the split price. Think about it. Actualy I don't think about it and let Quicken do all the accounting for me. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] NR Breakout Date: 21 Sep 1997 11:19:25 -0400 Tim, unless you have different tax rules than I, I will disagree. A stock split simply is more shares at a lesser overall average price, without any change in the original cost basis. Say you bot 200 shares at 23, cost basis is 4600 plus commission and any transaction charge. Then you get another 100 shares as a result of a 2:1 split, your cost basis on the now 300 share position is still 4600 plus commission and transaction charge. If you sell the original 200 shares, you must use 2/3s of the original cost basis (including the commission and transaction charges) as the comparable cost basis for calculating gain or loss, and allocate the remaining third of the original cost basis to the 100 shares you have left. Even under the old tax rules in USA, you couldn't use the original cost basis only for the original 200 shares, even if you used a zero cost basis for the remaining (split resulting) 100 shares. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Tim Fisher > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] NR Breakout > Date: Sunday, September 21, 1997 11:20 AM > > At 12:11 AM 9/21/97 -0600, you wrote: > >Tim, > > > >Unless I have misunderstood your response to Tom's question below and am > >confused, I wonder who your broker is (who allows you to identify specific > >shares and place stop orders on them). My broker, NDB (National Discount > >Brokers) is unable to do this. If I want to do a market order with a live > >trader I can but that's not a stop order (definitely not the same thing). > >So, . . . who's your broker? Thanks. > > > You don't have to identify the specific shares with a split. It doesn't > matter which shares you sell, since from an accounting perspective you have > bot at two prices which average out to some price in between, thus when you > sell any shares the profit is calculated on the cost basis of all the shares > you own, not the original buy price or the split price. Think about it. > > Actualy I don't think about it and let Quicken do all the accounting for me. > > Tim Fisher, 1995 President, Pacific Fishery Biologists > Ore-ROCK-On Rockhounding Web Site > PFB Information > tfish@spiritone.com > WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! > ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] PEG Date: 21 Sep 1997 10:17:23 -0800 > From: Dbphoenix@aol.com > So rather than look at estimates per se, I pay more attention to whether the > estimates are being raised or not. This isn't much better, but at least it > indicates that somebody is excited about the stock. Also, with a smaller company where estimates are less likely to be accurate, I like to see if the last four quarters or so show a growth rate that is greater than the forecasted growth rate. This can sometimes give you an undervalued company, as people might be underestimating the growth rate for the next year. I recall that Cisco's earnings were consistently underestimated in their first few years of existence. ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] C&H Date: 21 Sep 1997 10:44:55 -0800 > From: "Tom Worley" > Don't know what charting service you are using, but the DG chart > for both of these does not suggest a c&h to me. On ACTM, RS of 78 > is not that good, esp for a breakout pending or in progress, nor is You are right on ACTM, I actually meant that a C&H had formed 8 or 10 months ago, when I mentioned it originally, like back in May maybe, when it broke out. I mentioned it because someone was interested in an example of a C&H, and looking at one that had already formed and then had a breakout is a good way to get an idea of the big picture and what things look like if they work out the way you hope they do. Sorry if I got everyone excited about an impending breakout. (If anyone is interested, I read the ACTM chart as forming the Cup from Dec to mid-May, the Handle developed from there until the end of May, then the breakout in the first week of June on heavy volume. The Cup might not be perfect, but they never really are, always seem to be bumpy. Also, note that the Cup formed after a price runup, a cup is just a consolidation pattern in an ongoing uptrend under ideal circumstances.) > yet to be confirmed. On FACO, it is thinly traded, with an RS of 65 > (EPS of 96). A/D is B, and timeliness is B, again not suggesting a > strong move to the upside. It does have a small float (4.4 mil) and > trades even thinner, so any move could be swift and volatile. This one I did mean as an ongoing C&H, which has now undergone a breakout. RS is low, probably because it underwent such a long consolidation, but other things look good, such as growth rate compared to P/E. It did have very high volume when it spiked up last week, remains to be seen if it will follow through. ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] NR Breakout Date: 21 Sep 1997 13:04:02 -0700 At 11:19 AM 9/21/97 -0400, you wrote: >Tim, unless you have different tax rules than I, I will disagree. > >A stock split simply is more shares at a lesser overall average >price, without any change in the original cost basis. Say you bot >200 shares at 23, cost basis is 4600 plus commission and any >transaction charge. Then you get another 100 shares as a result of >a 2:1 split, your cost basis on the now 300 share position is still >4600 plus commission and transaction charge. If you sell the >original 200 shares, you must use 2/3s of the original cost basis >(including the commission and transaction charges) as the >comparable cost basis for calculating gain or loss, and allocate >the remaining third of the original cost basis to the 100 shares >you have left. Even under the old tax rules in USA, you couldn't >use the original cost basis only for the original 200 shares, even >if you used a zero cost basis for the remaining (split resulting) >100 shares. > Which is completely irrelevant to me, and also a little ridiculous (I don't think any broker that holds your securities in your "street name" will let you specify which shares to sell, so how could you do it anyway?) since I am trading from an IRA and a 401k. So when I sell half my shares of a security, Quicken, I believe, calculates the gain/loss based on all the buy-ins I've had on the stock, which includes splits. I treat it differently for stops and tracking (i.e. in Yahoo) since to figure out the cost basis and then adjust the original buy price in Yahoo or similar portfolio managers seems to be a waste of time when you can just enter a new holding at the split price and adjust the buy price of the original holding by the split factor. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: "John Iding" Subject: Re: [CANSLIM] DG Online Date: 21 Sep 1997 18:39:54 -0700 Mine too ... was real slow early last week ... then .... 'call tech service' ...I figured the beta testing was over ... John ---------- > From: Tom Worley > To: CANSLIM > Subject: [CANSLIM] DG Online > Date: Friday, September 19, 1997 6:10 PM > > Well, looks like I won't be studying the several hundred charts I > wanted to check out this weekend. DG Online worked fine Thursday > nite, Friday morning my password was invalid. Wrote Tech Support > and they can't find my registration file by my last name or by my > email address. ------------------------------------------------------------------------------- From: "John Iding" Subject: Re: [CANSLIM] DG Online Date: 21 Sep 1997 18:39:54 -0700 Mine too ... was real slow early last week ... then .... 'call tech service' ...I figured the beta testing was over ... John ---------- > From: Tom Worley > To: CANSLIM > Subject: [CANSLIM] DG Online > Date: Friday, September 19, 1997 6:10 PM > > Well, looks like I won't be studying the several hundred charts I > wanted to check out this weekend. DG Online worked fine Thursday > nite, Friday morning my password was invalid. Wrote Tech Support > and they can't find my registration file by my last name or by my > email address. ------------------------------------------------------------------------------- From: joani@mindspring.com Subject: Re: [CANSLIM] Re: Russell 2000 companies Date: 21 Sep 1997 15:49:40 -0400 SEND R2000.TXT QUIT Joan Sherman /\~~~/\ Babe and /\~/\ /\~/\ Courtney and > < Lucky, * * * * Clapton, > * * < our a Tabby and a Samoyeds Maine Coon Help support animal rescue! ------------------------------------------------------------------------------- From: Dave Isbell Subject: [CANSLIM] DG Online Date: 21 Sep 1997 21:04:37 -0700 Hello Everyone, As far a I know DG is still in beta. I was also locked out last week so I did the old reinstall trick and it worked fine. (However, I hope they never try to run the credit card number I gave them.) As long as I am on the subject, I have been contemplating about what service to use for my stock selection data. I am certain that time is running out on my free trial to DG. The biggest complaint that I have about DG is that there is no search engine. For example, the list of the top industry groups is basically worthless to me if I don't know what stocks are in those groups. Also, it would be nice if I could get a list of all stocks in the top ten industry groups within 5% of their all time highs on a 100% increase in volume with a relative strength of 90+ and an EPS rank of 80+. I am sure that they will provide such a service someday, but for $700 a year I think they need to look at their competition. I have looked at Window on Wall Street, Metastock and Telescan. They all offer searchable data basis for about the same money. I am currently in a 30 day free trial with Telescan. I can choose my stock selection criteria from 275 indicators. Since I still consider myself a rookie investor, I was unsure what to do with this software. So I took a list of all the stocks posted last week in our group that were true CANSLIM picks. I then ran a search on those stocks to find what top 10 indicators they had in common. Next I ran a search on all stocks using the 10 indicators from my previous CANSLIM stock search. I got back 100 charts to look at. From those 100 I found 11 that had nice charts and good numbers. Since I have been relying so heavily on DG, I ran each of those 11 stocks through DG just to double check what I had found using Telesacn. I liked what I saw. So I guess I will be using this service until DG catches up and gives me more bang for my buck. One more thing. Thanks to all of you for posting to what I believe is the best investing group anywhere. I can not believe how much I have learned from all of you. Please if you are new to this group or new to investing please do not be afraid to ask questions or contribute. You are among friends. ------------------------------------------------------------------------------- From: JANSI1AUG1@aol.com Subject: [CANSLIM] DG Date: 22 Sep 1997 10:20:45 -0400 (EDT) Tom: I just read my Digest today. DG was off-line Sat. and Sun. I know that you had trouble Friday, but maybe in the confusion they lost your registration. Perhaps, then, on Monday, when the confusion of installing new software abates (I imagine "installing new software" is what they are doing), they'll "rediscover" your registration. Anyway, hope they do. It's a real bummer to rely on a service, and then have them fail you. It's rubbing salt in the wounds when the service you relied on originally asked you to patronize it-with the object they hope for being that you'll begin to depend on it. While I've been dealing with the stock and option mkts. for awhile, now I am trading short and intermediate term periods. The reason I bring this up is that a couple weeks ago I got stopped out of PDE. Apparently someone whispered that earnings were not as strong. PDE dropped about 4-6 (from 36 to 29.875) points in several minutes and automatically triggered my stop-loss. About 10 minutes later it was up again to 36. Anyone else affected by this? Tom, does this happen often in the NASDAQ market? jans ------------------------------------------------------------------------------- From: JANSI1AUG1@aol.com Subject: [CANSLIM] Re.DG definition of Insider Trading Date: 22 Sep 1997 11:35:49 -0400 (EDT) Tom: This is the definition of the insider trading symbols in DG Help: 1= 6. INSIDER BUYING/SELLING-Single trades which equal, or multiple trades whic= h aggregate 100 shares or more, will generate an insider buy (symbol +) or insider sell (symbol -) appearing in the week it was transacted.=20 Perhaps, since you were a broker, you can explain to me: If I buy/s= ell 100 shares, would that trade be assigned to the chart as a trade by an insider? It doesn't make sense that it would (because, then, the chart w= ould be overflowing with "insider trading" symbols-depicting trades that were = not insider trades at all.) =20 I'm sure there is a method to DG's madness on this score. I just ca= n't figure out what it is? How does DG distinguish one 100 share lot as an insider trade, and declare another not an insider trade? jans =A0 ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] RHE END IS NEAR (was Fw: DG Online) Date: 22 Sep 1997 20:13:07 -0400 Thought I'd pass this along, unless we can find some major problems to point out, looks like DG Online goes operational real soon. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Customer Service > To: Tom Worley > Subject: Re: DG Online > Date: Monday, September 22, 1997 2:57 PM > > You have allready registered by using an invalid credit card. Your usercode > is still valid. This will be valid for another week or so at that time we > will cancel all the usercodes and those who wish to subscribe to DG Online > will have to re-register with valid credit cards. > > Thank you, > Daily Graphs Online > > > At 01:39 PM 9/20/97 -0400, you wrote: > >If you are still in beta testing, why must I first make payment > >before I can have my password activated ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] DG Date: 22 Sep 1997 20:40:33 -0400 Actually, what turned out to be the problem was that my password somehow got corrupted, and had an extra character in it I didn't know about. They fixed it today, and I am back on line, at least for the next week or two when they start charging. As to PDE dropping 6 pts in a few minutes, then immediately rebounding, this is more characteristic of stocks with much higher trailing PE (PDE is only 33, on the high side but not drastically, and has been as high as 123 in past five yrs). Volume that day was most unusual, are you sure a large block was not traded? Usually where whisper nrs are involved, the stock doesn't immediately recover, whereas sometimes the price will be taken down to execute (or in response to a large block being offered), then return to normal trading as soon as the large block is cleared out. Yes, NASDAQ stocks seem to be more prone to sudden moves than a NYSE listed stock such as PDE, however some of this is simply due the smaller institutional following there. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: JANSI1AUG1@aol.com > To: CANSLIM@xmission.com > Subject: [CANSLIM] DG > Date: Monday, September 22, 1997 10:20 AM > > Tom: > > I just read my Digest today. DG was off-line Sat. and Sun. I know that > you had trouble Friday, but maybe in the confusion they lost your > registration > > whispered that earnings were not as strong. PDE dropped about 4-6 (from 36 > to 29.875) points in several minutes and automatically triggered my > stop-loss. About 10 minutes later it was up again to 36. Anyone else > affected by this? Tom, does this happen often in the NASDAQ market? > > jans ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re.DG definition of Insider Trading Date: 22 Sep 1997 20:47:46 -0400 To understand the symbols better, you need to understand the meaning of "insider". An insider is anyone considered to have material, non-public info. Typically this term is used for senior officers of a corp, but can also include their investment banker, more junior employees such as the CEO or CFO's secretary, their accounting firm, employees of the bank where they do business, even vendors and customers potentially. DG charts show, for the most part, only trades being done by senior officers of the corp, to the best of my info. Unfortunately, WON doesn't quantify the nr of shares involved, which he did in the NSMI type charts I used to get. Then you could place more reliance on these symbols, now you must go to the SEC site and add up the nrs to see if the buying or selling is, in fact, significant. I guess there are also places on the net where you can access insider reports as well. I presume that WON determines the frequency of insider trading based simply on the required SEC filings. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- Tom: This is the definition of the insider trading symbols in DG Help: 16. INSIDER BUYING/SELLING-Single trades which equal, or multiple trades which aggregate 100 shares or more, will generate an insider buy (symbol +) or insider sell (symbol -) appearing in the week it was transacted. Perhaps, since you were a broker, you can explain to me: If I buy/sell 100 shares, would that trade be assigned to the chart as a trade by an insider? ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Economic Calendar week of 9/22/97; some Mkt comments Date: 22 Sep 1997 22:45:27 -0400 Today, Monday, was the Treasury Budget, expected was minus $38 mil, and came in slightly below that as I recall. THURSDAY Durable Goods Orders, for August, the major report this week. Last was down 0.3%, est for up 0.8%. Saw one post on the internet indicating est for only 0.5%, but will trust my source (DG News Svc) Existing Home Sales, for August, last was 4.24 mil, est for 4.22 mil Initial Jobless Claims, week ending 9/20, last was 306K, est for 310K, last week this was lower than expected, and wouldn't be surprised if this happens this week as well. Money Supply (M2), week to 9/15, last was minus $12.5 bil, ext for plus $8.0 bil FRIDAY Read GDP, Q2, (final revision), after a sharp upward revision to plus 3.6%, the final est is expected to remain the same. General concensus right now is there is about zero chance the Feds will hike the rate next week at the FOMC meeting on Tuesday. There is already speculation that there will be no further hikes this year (altho I am withholding judgement at this time). And some chatter has even started about the possibility of the Feds easing the rate (I see no chance of this at this time). The dollar remains strong, which will slow the growth in exports and increase the level of imports, hurting the trade deficit but helping to slow the economic growth overall. The inventory buildup appears to have slowed, which may mean the Durable Goods report on Thursday may come in slightly under expectation, which would be bullish. I have seen one report so far suggesting that the long bond may be down to 6.0% by the end of this year (hope so, I've got an ARM mortgage!). While the trade deficit, particularly with Japan and China, recently showed sharp increases, it was not apparently of major concern at this past weekend's G-7 meeting. The emphasis on Japan continues to be to open up its restrictive market to more imports, and create a consumer demand based economy vice an export based one. There also does not appear to be worldwide concern in the strength in the dollar vs the yen or German mark. Certainly it aids the Feds in bringing the economic growth rate within their target range. I also suspect the Feds are raising the rates tolerated in their "model" based on the past year's experience. This suggests to me they may tolerate higher growth rates so long as inflationary indicators don't appear. In the bond mkt, excessive new supply coming from corporate issue was well absorbed, and despite current high prices (low yields) the upcoming Treasury auction on Tuesday and Wednesday of $15.5 bil two year notes (Tues) and $11.5 bil five year notes (Wed) does not seem to be causing heartburn or excess supply. Gold remains in a low trading range, still managing to stay over $320, but just barely. There continues to be talk of Central European govts selling off more of their stockpile. Meanwhile, Russia has apparently resumed exporting platinum and palladium, but consistency of supply, and quantity, seems still to be in doubt causing a lot of volatility. Big caps are still doing their catchup, with the NYSE Composite Index hitting its first new high today in a long while. However, the S&P500 and Dow 30 still remain some distance away from records. Meanwhile, NASDAQ hit its third consecutive high, while Russell 2000 hit its seventh straight new high and 18th in the last 20 sessions. One point to remember is that between now and 9/30 all the mutual funds are "squaring their books" and doing window dressing of the portfolio. Among other things, this means that they must bring their cash position down to within their limits, which is 5% for many. They may also be booking paper profits, and taking other steps to dress up their overall ranking and qtrly performance. I remain bullish, esp on small caps. They have been showing a prior pattern of producing more positive earnings surprises, and fewer negative ones (and those tended to be less severe) than the big caps, which are more affected by currency exchange rates due the strong dollar impacting the multinationals). They also, as a class compared to their revenue and earnings growth rate, still appear to me to be trading at relatively low PE (trailing as well as projected) rates. Gotta go, still got time to catch part of the Monday Night football game. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] MANU, etc. Date: 23 Sep 1997 04:31:39 GMT On Sat, 20 Sep 1997 13:28:01 -0400 (EDT), you wrote: :In a message dated 97-09-20 11:00:45 EDT, you write: : :<< At the risk of sounding stupid, please let me ask you a simple : question: How did you determine (I know it's probably a calculation) : that the "PE is way beyond its growth rate, current : or anticipated." :=20 : Closely related question: Can I get a recommendation for something(s) : to study to give me a fundamental grounding in at least basic : technical analysis? Thanks :=20 : Dan >> : :Hope I didn't come on too strong. I was looking at both current (TTM) = PE and :forward PE. The latter, currently, is around 70. Yet its median = expected :growth rate is only around 45-50%. If estimates were being raised :dramatically, that would have to be factored in. But estimates may be = wrong :either way. : :In any event, to buy on the chance that earnings will come in greater = than :expected would be a gamble unless you know the company and the industry :extremely well. If not, why take this sort of chance when there are so = many :other stocks out there that don't involve this kind of risk? Well, they followed through nicely today at +7.84%. However, I suppose that noone in their right mind is expecting them to soar with the recent performance and the lack of necessary fundamentals. :As far as basic TA goes, a good place to start is HTMMIS. After that, = look :at Technical Analysis: A Personal Seminar by the New York Institute of :Finance. You can get it from Amazon or your local bookstore. : :-----Db I should have said *FUNDAMENTALS*, not *TA*. I guess there's a lot of that in HTMMIS, though ... and a lot else! Is there any overlap between fundamentals and TA? When I think of TA, I think of moving averages, Bollinger Bands (whatever they are), support areas, stochastics (whatever that is), stuff like that. Fundamentals to me is stuff like PE, PEG (again, I don't know what it is), growth rates, debt, earnings estimates, return on equity, alpha, beta, yield. I can muster only a vague concept of what some of these things mean. I want to get a handle on these things. Concerning TA, there's a pretty extensive FAQ at http://gates.iqc.com/Members/Tutorials/ Dan ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] 3 Com Date: 22 Sep 1997 22:39:41 -0800 Earnings for 3 Com are due after the close of trading on Tuesday, if anyone is interested. Forecast is for 48 cents. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Earnings Date: 23 Sep 1997 07:29:30 -0400 Since MANU has been getting mentioned, it reported earnings after Monday's close, showing a net of 11 cents vs 6 a year ago. Revenue was 37.8 mil vs 20.9 mil on slightly more shares. Also reporting after the close was MUEI, which was up in regular trading, and came in just under street estimate, and went up further in aftermkt trading. Go figure! CYMI recovered half a point of the five it dropped during regular trading. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "R Anantha (Ram)" Subject: [CANSLIM] Growth Rate Information on the Net Date: 23 Sep 1997 09:13:05 -0400 Hi Everybody, Just wanted to let you know that I read the digest every day and thoroughly enjoy it..Keep it coming... I wanted to find out if any of you know a website where I can get information on future growth rate and also the PEG value.. Thanks Ram ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] 3 Com Date: 23 Sep 1997 13:22:20 GMT On Mon, 22 Sep 1997 22:39:41 -0800, you wrote: :Earnings for 3 Com are due after the close of trading on Tuesday, if=20 :anyone is interested. Forecast is for 48 cents. They moved very well yesterday. Must be optimism. Still hungover from the disappointing earnings problems of some months back. But good numbers now could make that history, I suppose. ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] MANU, etc. Date: 23 Sep 1997 10:04:43 -0400 (EDT) In a message dated 97-09-23 00:36:08 EDT, you write: << When I think of TA, I think of moving averages, Bollinger Bands (whatever they are), support areas, stochastics (whatever that is), stuff like that. Fundamentals to me is stuff like PE, PEG (again, I don't know what it is), growth rates, debt, earnings estimates, return on equity, alpha, beta, yield. I can muster only a vague concept of what some of these things mean. I want to get a handle on these things. >> If you have access to AOL, The Motley Fool has lots of good stuff on evaluating stocks--reading balance sheets, etc. Also, the American Association of Individual Investors. If you're looking for something that's more "filled out" and provides lots of examples, look at One Up On Wall Street by Peter Lynch. As far as your stock goes, it could very well triple from here. Not every stock that rises is a CS stock, and not every stock that rises is a good stock. But CS has done very well by me, so if a stock doesn't fit CS requirements, I don't even think about it. If I had real-time feeds, I might think about it, but that's just not how I want to spend my day. -----Db ------Db ------------------------------------------------------------------------------- From: Peter Christiansen Subject: [CANSLIM] Breakout CFMT Date: 23 Sep 1997 22:11:02 GMT+7 CFMT is breaking out today. Good CANSLIM numbers except for EPS, but it is an earnings turn around situation. Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ ... Clinton excuse #18: You took that seriously? Har har ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] ACRT (Actrade) - Speaking of breakouts Date: 23 Sep 1997 21:03:01 -0400 ACRT had a rather large day today (definitely looks like "an elephant jumped in the bathtub" based on the volume). No news that I can find to account for it, which of course, makes it even better. Disclaimer: I own some. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] 3 Com Date: 23 Sep 1997 21:22:21 -0400 Reported 48 cents (in line with est) compared to 43 cents a year ago. Sales were $1.6bil compared to 1.25. It was up half a pt in aftermkt trading. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- On Mon, 22 Sep 1997 22:39:41 -0800, you wrote: :Earnings for 3 Com are due after the close of trading on Tuesday, if :anyone is interested. Forecast is for 48 cents. They moved very well yesterday. Must be optimism. Still hungover from the disappointing earnings problems of some months back. But good numbers now could make that history, I suppose. ---------- ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] ACRT (Actrade) - Speaking of breakouts Date: 23 Sep 1997 21:23:35 -0400 I seem to recall reading something positive about it yesterday, don't recall if it was a posting at misc.invest.stocks or on DJ News Svc, but I think it was the former. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Craig Griffin > To: canslim@xmission.com > Subject: [CANSLIM] ACRT (Actrade) - Speaking of breakouts > Date: Tuesday, September 23, 1997 9:03 PM > > ACRT had a rather large day today (definitely looks like "an elephant jumped > in the bathtub" based on the volume). No news that I can find to account > for it, which of course, makes it even better. > > Disclaimer: > I own some. > ------------------------------------------------------------------------------- From: dcameron@info1.harper.cc.il.us (Dave Cameron) Subject: [CANSLIM] Re: ACRT Date: 23 Sep 1997 20:56:44 -0500 (CDT) Craig, Nice analogy (elephant in the bathtub). I'm not sure if your disclaimer is a disclaimer or a boast . But... I am curious as to when you bought in. Dave Cameron ------------------------------------------------------------------------------- From: joani@mindspring.com Subject: Re: [CANSLIM] ACRT (Actrade) - Speaking of breakouts Date: 23 Sep 1997 22:26:38 -0400 >ACRT had a rather large day today (definitely looks like "an elephant jumped >in the bathtub" based on the volume). No news that I can find to account >for it, which of course, makes it even better. > >Disclaimer: >I own some. A small aritcle in the Bottom Line reports on the company and its promise for the future in the current issue. Joan Sherman /\~~~/\ Babe and /\~/\ /\~/\ Courtney and > < Lucky, * * * * Clapton, > * * < our a Tabby and a Samoyeds Maine Coon Help support animal rescue! ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] MANU, etc. Date: 24 Sep 1997 02:20:22 GMT On Tue, 23 Sep 1997 10:04:43 -0400 (EDT), you wrote: :In a message dated 97-09-23 00:36:08 EDT, you write: : :<< When I think of TA, I think of moving : averages, Bollinger Bands (whatever they are), support areas, : stochastics (whatever that is), stuff like that. Fundamentals to me is : stuff like PE, PEG (again, I don't know what it is), growth rates, : debt, earnings estimates, return on equity, alpha, beta, yield. I can : muster only a vague concept of what some of these things mean. I want : to get a handle on these things. : >> : :If you have access to AOL, The Motley Fool has lots of good stuff on :evaluating stocks--reading balance sheets, etc. Also, the American :Association of Individual Investors. If you're looking for something = that's :more "filled out" and provides lots of examples, look at One Up On Wall :Street by Peter Lynch. I do have access to AOL musicant@autobahn.org =3D DRMUS@aol.com !! I'll definitely check out the Motley Fool. AAII -- is there an online presence I can access for them? Another source? Thanks for the tips! : :As far as your stock goes, it could very well triple from here. Not = every :stock that rises is a CS stock, and not every stock that rises is a good :stock. But CS has done very well by me, so if a stock doesn't fit CS :requirements, I don't even think about it. If I had real-time feeds, I = might :think about it, but that's just not how I want to spend my day. Well, I've never owned MANU. Been watching it closely for almost a year, though. I've owned some stocks recently that wouldn't qualify as CS, I suppose. I think that as I come to better understand what CS really is, I'll probably tend to stick with it.=20 Dan :-----Db : :------Db ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Economic Calendar, update Date: 23 Sep 1997 22:09:26 -0400 The estimate for this week's new jobless claims was raised to 313K (which is an increase of 7K vs 4K, would be the first increase in three weeks). However, even at this level, the running 4 week avg will still be one of the lowest in some time. The report for existing housing sales was postponed to Friday from Thursday, to give the economist who produces this time to prepare for the conference that immediately follows its release. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] Re: ACRT Date: 23 Sep 1997 23:33:20 -0400 Dave, In a sense you are correct :>). In another sense, no boasting involved, it is not a big enough position (even after 3 small buys) to have that much impact on my portfolio, whichever way it goes. (One never knows does one?) I bought some on 8/26 when it gapped up on news around $17. More when the "pipe" formed on 9/16 at $15 1/2 (I should have been stopped out the day before on my first purchase, but I had set my stop at support at 14 7/8, and I refused to sell without a close below that - easy to do with a small position). Then bought some more today. Not exactly Canslim buying, but then again it was small nibbles along the way. I would have probably done about as good, with less to worry about, to buy at about 17 today on the initial surge. Regards, Craig PS. The "elephant in the bathtub" analogy is not mine. I have seen it used a few times regarding breakouts on big volume. The reference is to institutions and their inability to take big positions without "displacing quite a bit of water" ;^). PPS. Joan - Thanks for the Bottom Line info. I should have it around here and will look it up. At 08:56 PM 9/23/97 -0500, you wrote: >Craig, > >Nice analogy (elephant in the bathtub). I'm not sure if >your disclaimer is a disclaimer or a boast . But... >I am curious as to when you bought in. > >Dave Cameron > > ------------------------------------------------------------------------------- From: joani@mindspring.com Subject: Re: [CANSLIM] Re: ACRT Date: 23 Sep 1997 23:56:31 -0400 >Dave, > >In a sense you are correct :>). In another sense, no boasting involved, it >is not a big enough position (even after 3 small buys) to have that much >impact on my portfolio, whichever way it goes. (One never knows does one?) > >I bought some on 8/26 when it gapped up on news around $17. More when the >"pipe" formed on 9/16 at $15 1/2 (I should have been stopped out the day >before on my first purchase, but I had set my stop at support at 14 7/8, and >I refused to sell without a close below that - easy to do with a small >position). Then bought some more today. Not exactly Canslim buying, but >then again it was small nibbles along the way. I would have probably done >about as good, with less to worry about, to buy at about 17 today on the >initial surge. > >Regards, >Craig > >PS. The "elephant in the bathtub" analogy is not mine. I have seen it used >a few times regarding breakouts on big volume. The reference is to >institutions and their inability to take big positions without "displacing >quite a bit of water" ;^). > >PPS. Joan - Thanks for the Bottom Line info. I should have it around here >and will look it up. > > >At 08:56 PM 9/23/97 -0500, you wrote: >>Craig, >> >>Nice analogy (elephant in the bathtub). I'm not sure if >>your disclaimer is a disclaimer or a boast . But... >>I am curious as to when you bought in. >> >>Dave Cameron >> >> If you can't find it, please let me know, I will copy it for you. Joan Joan Sherman /\~~~/\ Babe and /\~/\ /\~/\ Courtney and > < Lucky, * * * * Clapton, > * * < our a Tabby and a Samoyeds Maine Coon Help support animal rescue! ------------------------------------------------------------------------------- From: "Ricardo Bekin" Subject: [CANSLIM] CREAF - possible breakout? Date: 24 Sep 1997 09:50:09 -0500 Mentioned previously by Tom, I think. Up 1 1/8 to 23, 780K shares traded so far. Coming off a two month base? Warning: some ex-insiders in Singapore still own a LOT of the stock, and they have not been shy about dumping huge blocks. I am in at 20 3/4. Ricardo ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] Growth Rate Information on the Net Date: 24 Sep 1997 08:11:07 -0800 > From: "R Anantha (Ram)" > I wanted to find out if any of you know a website where I > can get information on future growth rate and also the PEG > value.. Try www.stocksmart.com ------------------------------------------------------------------------------- From: "Ricardo Bekin" Subject: [CANSLIM] CREAF Date: 24 Sep 1997 14:04:12 -0500 FWIW, I am out at 23. Ricardo ------------------------------------------------------------------------------- From: Craig Griffin Subject: [CANSLIM] Dow 30 Futures Contracts & Higher Volatility Ahead Date: 24 Sep 1997 17:48:33 -0400 Under the category of "hmmm", and MMMarket and Dow, take a look at this article. For a preview of the article, see the clipped text below. http://investor.msn.com/home.asp?Page=Prospects&Item=Strategies The following is quoted from MSN.COM ------> On Oct. 6, the Chicago Board of Trade will begin trading futures and options on the 30-stock Dow Jones Industrial Average The 4 Dow Jones averages are different from every other U.S. equity index in that they are price-weighted. All other major equity indices are market cap-weighted. Introducing...the Dow Dynamite Stocks A roller-coaster awaits the Dow Jones Industrial Average with the start next month of new futures contracts. The brave (or reckless) can try to exploit the new volatility by buying the highest-priced DJIA stocks with the lowest market capitalization. By Jeff Uscher Huge one-day moves in the Dow Jones Industrial Average over the past year have caused many individual investors to wonder if the big Wall Street traders have lost their minds. But major changes due at the start of next month are going to make the past swings look like child's play. So if you're feeling brave today, get ready to put your "Dogs of the Dow" portfolio in the kennel, break out the Maalox and make way for a new way to play the market with what we'll call a "Dow Dynamite" portfolio instead. Here's what's happening: On Oct. 6, the Chicago Board of Trade will begin trading futures and options on the 30-stock Dow Jones Industrial Average. In 1998, the Chicago Board of Options Exchange and the American Stock Exchange are expected to launch their own DJIA-based derivatives. The world's biggest investors are likely right away to consider DJIA-based derivatives a better tool for speculating on the direction of the stock market than the 500-stock Standard & Poor's 500 Index. The reason: Because it has just 30 stocks, big traders will believe they can push the index up or down with timely massive purchases of individual securities that will cause the most movement. ... End Quote from MSN.COM ------------------------------------------------------------------------------- From: Richard Mandel Subject: [CANSLIM] New Breakouts Date: 24 Sep 1997 19:05:12 -0400 There were two breakouts among stocks that I watch. They are: Novametrix (NMTX) 99 EPS, B (A/D), 87 RS Sales +7%, +16%, +18%, +15% Earnings +50%, +83%, +181%, +40% Shares 7.1 million Funds 1% Break out above $9 per share on nearly 5x daily volume on 9/16. Currently 10 1/8. and Signature Resorts Inc (SIGR) 95 EPS, B (A/D), 74 RS Sales +16%, +59%, +68%, +50% Earnings -5%, +21%, +19%, +35% Shares 18.9 million Funds 46% Break out today above $40 1/4 per share on nearly 4x daily volume. Currently 40 3/4. Ciao, Rich ------------------------------------------------------------------------------- From: Dean Edwards Subject: [CANSLIM] Dow 30 Futures Contracts & Higher Volatility Ahead Date: 25 Sep 1997 11:48:35 I was reading an interesting book a couple of months ago about Futures Contracts concerning The Japanese Nekei (not sure how its spelt) Index. This is the most influential stock market index in Japan. Apparently the Japanese traders in collusion for years and years were manipulating the Futures Contracts at will in Japan, with ease. They were ganging up on a thinly traded stock that comprised the Nekei Index, and making huge amounts of money. The Japanese equivalent of the SEC only caught onto this practice a few years ago.. For all I know, it could still be continuing. The Japanese traders were betting and cleaning up at the races on the Futures Contracts against foreign traders. Always knowing in advance which direction the Futures index was heading. European and especially the Japanese investor's are well known for only buying the big US capitalisation stocks and they like to plunge - make big bets. I imagine it will be pay back time for the Western traders. Mail Document cc: CSERVE@STATISTICSNZEXTERNAL __________________________________________________________________________________ Exchange are expected to launch their own DJIA-based derivatives. The world's biggest investors are likely right away to consider DJIA-based derivatives a better tool for speculating on the direction of the stock market than the 500-stock Standard & Poor's 500 Index. The reason: Because it has just 30 stocks, big traders will believe they can push the index up or down with timely massive purchases of individual securities that will cause the most movement. ... End Quote from MSN.COM __________________________________________________________________________________ ------------------------------------------------------------------------------- From: "John R. Allen" Subject: [CANSLIM] Telescan and Dave Isbell Date: 24 Sep 1997 18:46:31 -0700 Dave, while your on the Telescan free trial could you keep this group posted on how its going as far as using Telescan? Is it easy to use, logical, can you set up easily what your looking for, that type of thing. I believe many on the group would appreciate your experience with it as you use it over the month. Thanks, John R. Allen ------------------------------------------------------------------------------- From: dcameron@info1.harper.cc.il.us (Dave Cameron) Subject: Re: [CANSLIM] Economic Calendar week of 9/22/97; some Mkt comments Date: 24 Sep 1997 21:01:50 -0500 (CDT) Tom posted on Monday a few economic prognostications. At this point, it is worth a few comments. > General concensus right now is there is about zero chance the Feds > will hike the rate next week at the FOMC meeting on Tuesday. There Gee... how 'bout that. Ya notice that long bond rates continue to fall, but the stock market had already fully valued this inevitability... > is already speculation that there will be no further hikes this > year (altho I am withholding judgement at this time). And some Aw come on Tom, put your neck on the line... > chatter has even started about the possibility of the Feds easing > the rate (I see no chance of this at this time). The dollar remains Me neither, but as long as bond prices stay at their current levels, I see this as a good thing. > strong, which will slow the growth in exports and increase the > level of imports, hurting the trade deficit but helping to slow the > economic growth overall. The inventory buildup appears to have > slowed, which may mean the Durable Goods report on Thursday may > come in slightly under expectation, which would be bullish. I have > seen one report so far suggesting that the long bond may be down to > 6.0% by the end of this year (hope so, I've got an ARM mortgage!). I'd be thrilled. I have a 5-yr ARM, so no adjustment, but I'd probably lock in a 15-yr and hope to have my house paid off by the time I'm 50 (I'm 34 now). > While the trade deficit, particularly with Japan and China, > recently showed sharp increases, it was not apparently of major > concern at this past weekend's G-7 meeting. The emphasis on Japan > continues to be to open up its restrictive market to more imports, > and create a consumer demand based economy vice an export based > one. There also does not appear to be worldwide concern in the > strength in the dollar vs the yen or German mark. Certainly it aids > the Feds in bringing the economic growth rate within their target > range. I also suspect the Feds are raising the rates tolerated in > their "model" based on the past year's experience. This suggests to Wonder why.... > me they may tolerate higher growth rates so long as inflationary > indicators don't appear. > > In the bond mkt, excessive new supply coming from corporate issue > was well absorbed, and despite current high prices (low yields) the > upcoming Treasury auction on Tuesday and Wednesday of $15.5 bil two > year notes (Tues) and $11.5 bil five year notes (Wed) does not seem > to be causing heartburn or excess supply. > As it certainly didn't (so far). > Gold remains in a low trading range, still managing to stay over > $320, but just barely. There continues to be talk of Central > European govts selling off more of their stockpile. Meanwhile, > Russia has apparently resumed exporting platinum and palladium, but > consistency of supply, and quantity, seems still to be in doubt > causing a lot of volatility. > It still amazes me that I couldn't afford a class ring in 1979 because the price of gold was nearly $800/oz at the time. > Big caps are still doing their catchup, with the NYSE Composite > Index hitting its first new high today in a long while. However, > the S&P500 and Dow 30 still remain some distance away from records. > Meanwhile, NASDAQ hit its third consecutive high, while Russell > 2000 hit its seventh straight new high and 18th in the last 20 > sessions. One point to remember is that between now and 9/30 all > the mutual funds are "squaring their books" and doing window > dressing of the portfolio. Among other things, this means that they > must bring their cash position down to within their limits, which > is 5% for many. They may also be booking paper profits, and taking > other steps to dress up their overall ranking and qtrly > performance. I had 6 out of 7 stocks drop today.... I haven't seen the RUT, but I doubt it hit a new high. > > I remain bullish, esp on small caps. They have been showing a prior > pattern of producing more positive earnings surprises, and fewer > negative ones (and those tended to be less severe) than the big > caps, which are more affected by currency exchange rates due the > strong dollar impacting the multinationals). They also, as a class > compared to their revenue and earnings growth rate, still appear to > me to be trading at relatively low PE (trailing as well as > projected) rates. Me too... even if I was right about today. Dave Cameron dcameron@info1.harper.cc.il.us ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: [CANSLIM] BDR Breakout Date: 25 Sep 1997 03:21:23 GMT Blonder Tongue Labs broke out today: BDR - BLONDER TONGUE LABS INC Exchange: AMEX comp Delay: at least 20 minutes Last Price: 14 at 15:44 Change: Up 1 1/4 (+9.80%) High: 14 at 15:44 Low: 12 1/2 at 9:22 Open: 12 1/2=20 Previous Close: 12 3/4 on 9/23 Volume: 68,000 30-Day Avg. Volume: 29,000 Shares Outstanding: 8,243,000 52-Week High: 15.62 52-Week Low: 6.12 Beta: Not Available Yield: Nil P/E Ratio: Not Material EPS: 0.00 S&P Comstock =46loat is 2.5 million shares Stock finished at the top for the day. PE is 22 EPS 93, RS 92, GRS 94 Timeliness B, A/D A Blasting out of recent weakness, could continue up tomorrow. Currently 7% off high. Any opinions? Dan ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: [CANSLIM] ALNK Breakout Date: 25 Sep 1997 03:35:04 GMT ALNK - AMERLINK CORP Exchange: NASDAQ Delay: at least 15 minutes Last Price: 31 at 16:00 Change: Up 2 5/8 (+9.25%) High: 31 1/2 at 12:29 Low: 28 at 9:27 Open: 28 3/8=20 Previous Close: 28 3/8 on 9/23 Volume: 95,400 30-Day Avg. Volume: 76,000 Shares Outstanding: 3,482,000 52-Week High: 31 1/2 52-Week Low: 4 3/4 Beta: Not Available Yield: Nil P/E Ratio: 43.7 EPS: 0.71 S&P Comstock They broke 10 at about July 1st and never looked back. Alltime high today. 1.1 million float. EPS 84, RS 99, GRS 91. Opinions? Dan ------------------------------------------------------------------------------- From: Dave Isbell Subject: Re: [CANSLIM] Telescan and Dave Isbell Date: 24 Sep 1997 22:18:53 -0700 John, I am having mixed results with Telescan but overall I like it. I have to keep checking my results with DG. This software will deliver a list of stocks based on my search criteria. The learning curve is not too steep and I am finding my way around without too much trouble. The software itself is native 16 bit so it is a little bit like Windows 3.1 It does however work with my current internet connection and I like that (no need for a separate dialer). Telescan is releasing a 32 bit version next month. Also included in the monthly fee is access to all areas of their web site, www.telscan.com. I need to tweak my CANSLIM search to get better candidates. Yesterday I ran a search using my best CS criteria in the top industry groups and it delivered the following ten stocks... DISCLAIMER: These are not all CANSLIM stocks! VTSS DELL UTR MCRL CBR UTEK JBIL STBI PRMS ANLT I created a portfolio in Yahoo of these ten stocks on Monday. Today I was down 0.95%. I will keep working at it and keep you posted. Is anyone else in SZA? How sweet it is! Dave Isbell John R. Allen wrote: > Dave, while your on the Telescan free trial could you keep this group > posted on how its going as far as using Telescan? Is it easy to use, > logical, can you set up easily what your looking for, that type of > thing. I believe many on the group would appreciate your experience > with it as you use it over the month. > Thanks, > John R. Allen ------------------------------------------------------------------------------- From: Dave Isbell Subject: [CANSLIM] Wrong Website Date: 24 Sep 1997 22:36:51 -0700 The web site that I referred to in my previous post should be www.wallstreetcity.com. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Market Comments Date: 25 Sep 1997 06:42:44 -0400 First, the auction on Wednesday of the five year notes went much better than expected, in fact apparently the mkt was initially quiet and caught some shorters in a squeeze early. As they rushed to cover, apparently some hedge funds and bond funds came into the mkt in a big way, both on the open mkt and at the auction, further squeezing them. Then the Treasury announced they are reducing the size of the November refunding due to the much reduced deficit, thus supply is dropping. This could start impacting liquidity, and we may see further volatility in the bond mkt. This comes just as the options on the Dow Industrial Index will start trading, could be an interesting fall. Short Interest: The latest report shows that total short interest on NYSE dropped by 0.5% while increasing on AMEX and NASDAQ (both NMS and small cap). September's short interest on NASDAQ represents 2.53 days vs August's 2.29. The short interest on the small caps only was 1.0 days vs 0.92 days in August. Today, the durable goods report is issued and may set the tone for early trading. The forecast is for an increase of 0.8%, I am expecting up 0.6% however I also expect last month's report to be revised upward from the original report of down 0.3%, so I guess I am about in line with the concensus. Considerable talk continues over what Japan must do to both boost its economy and reduce trade deficits. Comments from both Japan and Germany managed to knock the US dollar down against both currencies, but I think this is temporary (remember a strong dollar helps slow our economic expansion, thus reducing inflationary pressures). Japan still seems to be resisting opening up its domestic markets to a more "free trade" environment such as the US has been following for some years, which I believe has contributed to our vibrant economy today. I suspect that much of the Japanese industry may need to do some significant downsizing to get on track, and this is a major cultural issue, as historically the Japanese are guaranteed jobs for life, and are also very productive workers. Concerns over various currencies in the Asian mkt continue as well, with the possibility of some being devalued. There is also one country creating quite a stir by attempting to prevent effective international trading of its stocks and currency. First they placed major restrictions on the stocks in their major index (which apparently resulted in many large holders threatening to dump their stock - the restrictions were quickly cancelled), and now they are claiming that currency trading is criminal. This disruption will continue to affect the multi-national corps with sig business operations in the Asian mkt. That's about all my grey matter can churn out on this topic this early in the AM. Gotta leave early for a meeting with the soon-to-be new owners of my firm. Hope they got a bonus and raise in their budget for all my hard work! Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Telescan and Dave Isbell Date: 25 Sep 1997 13:05:27 GMT On Wed, 24 Sep 1997 22:18:53 -0700, you wrote: :John, : :I am having mixed results with Telescan but overall I like it. I have to :keep checking my results with DG. This software will deliver a list of :stocks based on my search criteria. The learning curve is not too steep :and I am finding my way around without too much trouble. The software :itself is native 16 bit so it is a little bit like Windows 3.1 It does :however work with my current internet connection and I like that (no = need :for a separate dialer). Telescan is releasing a 32 bit version next :month. Also included in the monthly fee is access to all areas of their :web site, www.telscan.com. I need to tweak my CANSLIM search to get :better candidates. Yesterday I ran a search using my best CS criteria in :the top industry groups and it delivered the following ten stocks... : :DISCLAIMER: These are not all CANSLIM stocks! : :VTSS :DELL :UTR :MCRL :CBR :UTEK :JBIL :STBI :PRMS :ANLT :I created a portfolio in Yahoo of these ten stocks on Monday. Today I = was :down 0.95%. I will keep working at it and keep you posted. :Is anyone else in SZA? How sweet it is! : :Dave Isbell : Took a quick look at all of these. My favorite from what I see is ANLT, which has been basing very nicely. The evident pivot point would be a tad over the witching $24 line. Volume has been easing off lately. Watch for a breakout. Just my opinion. Dan :John R. Allen wrote: : :> Dave, while your on the Telescan free trial could you keep this group :> posted on how its going as far as using Telescan? Is it easy to use, :> logical, can you set up easily what your looking for, that type of :> thing. I believe many on the group would appreciate your experience :> with it as you use it over the month. :> Thanks, :> John R. Allen : : : ------------------------------------------------------------------------------- From: JANSI1AUG1@aol.com Subject: [CANSLIM] Re. PEG Date: 25 Sep 1997 11:16:34 -0400 (EDT) I read that a few of you would like a site that gives good but concise info. If you are on AOL look at The Online Investor (Keyword-Online Investor). Go to Company Research>Archives. You'll discover a lot of pertinent info there (including what PEG is and why some consider it important). For charts go to KEYWORD: Decision Point. jans ------------------------------------------------------------------------------- From: weirens@mailhost.la.AirTouch.COM (Craig Weirens) Subject: Re: [CANSLIM] ALNK Breakout Date: 25 Sep 1997 09:11:08 -0700 > ALNK - AMERLINK CORP > EPS 84, RS 99, GRS 91. Opinions? Hmmm, interesting pattern. Looking at the two year map, we have a long flat period at about 7. A cuplike pattern for four months from Oct 96 to Jan 97. It looks like it forms a handle, but it lacks volume. The whole formation lacks volume. So it wasn't a cup & handle. Then in July 97, it spiked. Volume was 600K. Volume afterwards was less. Indicates solid belief in the new price. A concern would be that the price in the shakeout didn't drop a decent amount below the new high. I wonder if a shakeout occurred. One month consolidation. This may be a high tight flag pattern. The pivot point may have been around Sept 4 @ ~$24. I'd be interested in others readings. I wouldn't consider it becuase it has decreasing annual revenues as late as Nov 96. -Craig ------------------------------------------------------------------------------- From: Mike Lucero Subject: RE: [CANSLIM] Telescan and Dave Isbell Date: 25 Sep 1997 12:16:41 -0700 ------ =_NextPart_000_01BCC9AD.69B31340 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: quoted-printable I started my 30-day trial of the Wall Street City (Telescan) site = yesterday, so I could give ProSearch a try. It seems expensive at = $35/month, but we'll see. I'm also subscribing to DG and using DG = Online, which would be hard to give up. I also started a 30-day trial of InterQuote, which I really like. It = gives you a spreadsheet linked to delayed ($20/month) or realtime = ($70/month) quotes. You can put your own formulas in it. I've got it = alerting for stocks that seem to be >150% average volume and within 5% = of the pivot.=20 Mike -----Original Message----- Sent: Wednesday, September 24, 1997 10:19 PM John, I am having mixed results with Telescan but overall I like it. I have to keep checking my results with DG. This software will deliver a list of stocks based on my search criteria. The learning curve is not too steep and I am finding my way around without too much trouble. The software itself is native 16 bit so it is a little bit like Windows 3.1 It does however work with my current internet connection and I like that (no = need for a separate dialer). Telescan is releasing a 32 bit version next month. Also included in the monthly fee is access to all areas of their web site, www.telscan.com. I need to tweak my CANSLIM search to get better candidates. Yesterday I ran a search using my best CS criteria in the top industry groups and it delivered the following ten stocks... DISCLAIMER: These are not all CANSLIM stocks! VTSS DELL UTR MCRL CBR UTEK JBIL STBI PRMS ANLT I created a portfolio in Yahoo of these ten stocks on Monday. Today I = was down 0.95%. I will keep working at it and keep you posted. Is anyone else in SZA? How sweet it is! Dave Isbell John R. Allen wrote: > Dave, while your on the Telescan free trial could you keep this group > posted on how its going as far as using Telescan? Is it easy to use, > logical, can you set up easily what your looking for, that type of > thing. I believe many on the group would appreciate your experience > with it as you use it over the month. > Thanks, > John R. 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SI (silicon Investor) at: http://talk.techstocks.com/investor/formsubject Please join there with your coments. Thanks -- Disclaimer: Opinions expressed in this document are those of the author. Core Technology Group, C/C++ Compilers, Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------------------------------------------------------- From: "Ricardo Bekin" Subject: [CANSLIM] CREAF (sigh) Date: 26 Sep 1997 10:38:45 -0500 From briefing.com Creative Technology Ltd. (CREAF) 25 15/16 +2: Goldman Sachs ups rating on developer and marketer of advanced multimedia solutions for PCs to a "trading buy" from a "market outperform" recommendation..... Can you say "sold too soon"? Congratulations to anyone who held on... Ricardo ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: [CANSLIM] SCOR Date: 26 Sep 1997 12:06:07 -0400 (EDT) This company showed up on my scan last night. It's a drug/pharmacy company that seems almost obscenely cheap. If anyone has noticed this company as well, would appreciate your thoughts. My apologies if it's been mentioned before. What's interesting about the chart pattern is the upcoming squeeze between the 50d and 20d EMA. If it's going to do anything, it'll probably be soon. Thanks. ----Db ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] MSON - bad news probably Date: 26 Sep 1997 20:15:33 -0400 Well after the close, starting about 6:13PM, Misonix (MSON) released a story that they will be restating their Q4 and fiscal year results. Apparently they discovered a one time charge of over $180K that they will book in Q4, dropping that qtr's earnings from 53 cents to 33 cents and also reducing the fiscal year net to about $110K after taking the multi-million dollar non-cash charge for options exercise. The full story had not been printed by the time I left the office, but this (assuming it had already previously leaked) may help explain the past several days of trading on the stock and the extremely low volume. I suspect this decision to take this charge now came from the annual audit and was inspired by the auditors. Hopefully, since it is essentially historical and focus should be on the current qtr, it won't damage the stock too much on Monday. I intend to try and hang on long enough to see if the upcoming 3:2 split will still move it higher, but next week will tell the tale. You may be able to pick up the full story on the net this weekend. I will try the misonix.com site later to see if they posted it. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: [CANSLIM] Breakout? Date: 26 Sep 1997 20:50:18 -0800 Maybe someone can give me their read on Coherent Communications (CCSC). It made a new closing high today, but not on great volume. EPS number is high, but my several week old RS number looks low. Earnings growth looks good. I dug this one out of Fortune magazine's list of the 100 fastest growing companies from a few weeks ago. Patrick Wahl ------------------------------------------------------------------------------- From: bob gibson Subject: Re: [CANSLIM] Breakout? Date: 26 Sep 1997 21:58:24 At 08:50 PM 9/26/97 -0800, you wrote: >Maybe someone can give me their read on Coherent Communications >(CCSC). It made a new closing high today, but not on great volume. >EPS number is high, but my several week old RS number looks low. >Earnings growth looks good. I dug this one out of Fortune magazine's >list of the 100 fastest growing companies from a few weeks ago. > >Patrick Wahl From IBD Fri. (Thur figures) EPS 95, RS 63, A/D B, Ann Earn Gro +113% Q eps +33% Q sls +35%, Ann est Earn .85, pe on est 30. Close 25.75 NH, vol +163% vol 180.9K Grp rnk A, earnings report due, optionable. If you want news reports, Pointcast is pretty good. There are 6 articles about CCSC including the last 10Q (Management Discussion). The news articles are usually PR from the co's and come with the quotes (w/graphs) selected. I've noticed the news usually precedes mkt action, the 10Q can also give you a bit of a jump on the mkt. I got KEG at 22.88 that way and watched it go up the rest of the day. Also, news just gave CREAF a nice boost. free Bob ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Fw: Misonix (their reply to my email) Date: 27 Sep 1997 11:13:52 -0400 I went to the website last nite, no surprise, the Investor Relations area did not have Friday's release, latest still was the Jan earnings report, so I sent off a blast. What follows is the reply I got, and I must say, I am impressed getting an answer on a Saturday morning. I am also pleased to hear they are hiring a PR firm, possibly this week, as well as working on a NMS listing, altho they apparently don't meet all the requirements yet (I will try to find out why). Only thing I don't like is for the CFO to leave on a "much deserved vacation" the day before the co releases the announcement that they are restating the Q4 and fiscal year results downward. No matter how much he may deserve a vacation, he should be there to take the heat in both his capacity as CFO as well as the IR person. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Misonix@aol.com > To: stkguru@netside.net > Subject: Re: Misonix > Date: Saturday, September 27, 1997 8:06 AM > > Dear Thomas: > > We are in the process of updating our web site. The sites primary function > is to produce sales leads for the Scientific, Industrial and Air Pollution > Control Groups. We put a button on for Investor relations to see what we > would get. We soon realized that investors wanted more information than just > press releases. This week we had our web group in to update our site > including the IR section. It will soon include stock tables, instant PR > information, history new developments, etc. > > Peter Gerstheimer, CFO, is in charge of investor relations. He went on a > much deserved vacation on Thursday, and he will be returning in a week. We > are in the process of hiring a PR firm. I believe they will be retained > starting this week. > > I am sorry that your call was not returned, that is not acceptable. You will > find with the new PR firm and dedicated investor relations person things will > improve. > > We are a growing small company that is expanding in all directions. The > addition of the PR firm was something we had to do but it needed to be put in > the proper priority. > > I can not answer your investor relations questions beyond that. My function > is VP Sales and Marketing. I do know we are pursuing a national Nasdeq > listing but we don't meet all the requirements yet. No, I dont know what > they are, but you can call us on Monday and I will try to get you in touch > with someone who can answer that. > > While I was writing this to you AOL dropped me, and I lost your email to me. > Can you please resend it so that I could bring it to the proper peoples > attention? > > Thanks for your interest in Misonix. > > Sincerely, > > Bob Lee ------------------------------------------------------------------------------- From: MacMama&theLooneyTunesGang Subject: Re: [CANSLIM] Re. PEG Date: 26 Sep 1997 11:50:32 +0400 Just joined in and like what I see. Don't know much yet but I'm working hard to learn. This was my first encounter with the term PEG but later I saw what I think you're looking for on the Motley Fool's sight. Under "The Place to Start" click on "Valuing Stocks" http://www.fool.com/ Or go direct at: http://www.fool.com/School/HowToValueStocks.htm Could you guru's recommend ways to develop chart reading skills? Thanks. Gail Duncan@US-South.com ------------------------------------------------------------------------------- From: "Ricardo Bekin" Subject: Re: [CANSLIM] MSON - bad news probably Date: 27 Sep 1997 11:00:44 -0500 Tom, they originally reported $2293K net income on 4.318 million shares, or $0.53 EPS. Now they are showing $2108K net income on 6.477 million shares (reflecting the upcoming split), or $0.33 EPS. Depending which number of shares you use (pre or post split) the impact of the charge is a reduction in EPS of just $0.03 or $0.04. Most of the change from 53 cents to 33 cents is simply the result of using the higher number of shares. I think they could have done a better job at presenting this, people may just focus on the 38% reduction in EPS and think it is due to the charge. As you said, I hope it won't damage the stock too much on Monday... (I am still holding) Ricardo ---------- > From: Tom Worley > To: CANSLIM > Subject: [CANSLIM] MSON - bad news probably > Date: Friday, September 26, 1997 7:15 PM > > Well after the close, starting about 6:13PM, Misonix (MSON) > released a story that they will be restating their Q4 and fiscal > year results. Apparently they discovered a one time charge of over > $180K that they will book in Q4, dropping that qtr's earnings from > 53 cents to 33 cents and also reducing the fiscal year net to about > $110K after taking the multi-million dollar non-cash charge for > options exercise. The full story had not been printed by the time I > left the office, but this (assuming it had already previously > leaked) may help explain the past several days of trading on the > stock and the extremely low volume. I suspect this decision to take > this charge now came from the annual audit and was inspired by the > auditors. Hopefully, since it is essentially historical and focus > should be on the current qtr, it won't damage the stock too much on > Monday. I intend to try and hang on long enough to see if the > upcoming 3:2 split will still move it higher, but next week will > tell the tale. You may be able to pick up the full story on the net > this weekend. I will try the misonix.com site later to see if they > posted it. > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be interpreted as a recommendation > of any kind. I am a licensed (inactive) broker and an active > investor. All investors should do their own research prior to any > investment, especially one learned about on the Internet. Hopefully > my comments will better inform and educate all investors. > > tom w > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] MSON - bad news probably Date: 27 Sep 1997 12:01:02 -0400 Ricardo, understand I have yet to see the full release, just the headlines. However, they should not be able to count the split shares in the Q4 result since they don't exist till October. Judging solely from the headlines I saw before leaving work on Friday, there is a true drop of 20 cents a share for the Q4 results. Additionally, the net for the year is barely above a breakeven, altho I am not so concerned about that since they took a huge non-cash charge. Unless the full release tells me something I have not already guessed or assumed, my intention is to try and hang on, and buy some more on Monday if the price is right. I got a good feeling about this company, which so far the CS nrs have helped reinforce, along with the timely response I got from the company today. On the other hand, wouldn't be the first time I saw a company not real sophisticated with being publicly owned try to present things in the worst possible light (e.g. reporting earnings on shares that don't even exist yet rather than using more favorable and correct accounting procedures). Will try to sort it out this weekend so can be sure what to do on Monday. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Ricardo Bekin > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] MSON - bad news probably > Date: Saturday, September 27, 1997 12:00 PM > > Tom, they originally reported $2293K net income on 4.318 million shares, or > $0.53 EPS. Now they are showing $2108K net income on 6.477 million shares > (reflecting the upcoming split), or $0.33 EPS. Depending which number of > shares you use (pre or post split) the impact of the charge is a reduction > in EPS of just $0.03 or $0.04. Most of the change from 53 cents to 33 cents > is simply the result of using the higher number of shares. I think they > could have done a better job at presenting this, people may just focus on > the 38% reduction in EPS and think it is due to the charge. As you said, I > hope it won't damage the stock too much on Monday... (I am still holding) > > Ricardo > > ---------- > > From: Tom Worley > > To: CANSLIM > > Subject: [CANSLIM] MSON - bad news probably > > Date: Friday, September 26, 1997 7:15 PM > > > > Well after the close, starting about 6:13PM, Misonix (MSON) > > released a story that they will be restating their Q4 and fiscal > > year results. Apparently they discovered a one time charge of over > > $180K that they will book in Q4, dropping that qtr's earnings from > > 53 cents to 33 cents and also reducing the fiscal year net to about > > $110K after taking the multi-million dollar non-cash charge for > > options exercise. The full story had not been printed by the time I > > left the office, but this (assuming it had already previously > > leaked) may help explain the past several days of trading on the > > stock and the extremely low volume. I suspect this decision to take > > this charge now came from the annual audit and was inspired by the > > auditors. Hopefully, since it is essentially historical and focus > > should be on the current qtr, it won't damage the stock too much on > > Monday. I intend to try and hang on long enough to see if the > > upcoming 3:2 split will still move it higher, but next week will > > tell the tale. You may be able to pick up the full story on the net > > this weekend. I will try the misonix.com site later to see if they > > posted it. > > > > Any statements or opinions are strictly my own and not that of my > > employer. My comments should not be interpreted as a recommendation > > of any kind. I am a licensed (inactive) broker and an active > > investor. All investors should do their own research prior to any > > investment, especially one learned about on the Internet. Hopefully > > my comments will better inform and educate all investors. > > > > tom w > > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Re. PEG Date: 27 Sep 1997 12:19:13 -0400 Welcome to the group, Gail. If you have not already done so, then the first step in understanding chart reading would be to read (several times) Wm O'Neill's book, "How to Make Money in Stocks" which you will see referred to as WON's HTMMIS periodically in this group. Additionally, if you haven't already taken a free two week trial to Investor's Business Daily (IBD) or the cheap, five week trial to Daily Graphs (DG), then I would recommend both for starters (both are WON publications). The DG charts in particular are valuable as they contain so much information based on CANSLIM and can save you time searching around for other sites on the net that will give you some of this, but not the same way necessarily as WON would calculate it. Feel free to provide your investing experience and professional background, along with some stocks that you like from CS standpoint. The group is amazingly friendly, so you will likely get some opinions if you ask for them. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: MacMama&theLooneyTunesGang > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Re. PEG > Date: Friday, September 26, 1997 3:50 AM > > Just joined in and like what I see. Don't know much yet but I'm working > hard to learn. This was my first encounter with the term PEG but later I > saw what I think you're looking for on the Motley Fool's sight. > > Under "The Place to Start" click on "Valuing Stocks" > http://www.fool.com/ > Or go direct at: > http://www.fool.com/School/HowToValueStocks.htm > > Could you guru's recommend ways to develop chart reading skills? > Thanks. > > Gail > Duncan@US-South.com ------------------------------------------------------------------------------- From: "Gess Shankar" Subject: [CANSLIM] ACTC breakout? Date: 27 Sep 1997 12:53:21 -0500 Applied Cellular (NASDAQ: ACTC.) put on some 10% on increased volume (3 x ADV). I want to do some calmer trading... even "investing" for a change. I am wondering if I can buy some on Monday. Is the stock extended or does it have some more steam? Any opinions appreciated. Gess PS: Some daytrading comments prompted by a previous post referring to the Motley Fool site for the PEG information: I participated in Camelot (CAML) orgy (+200% in a couple of days). I I took profit for most of my purchases, but held some. Motley Fool soundly trashed the stock on Thursday after close and Friday saw CAML gap down and never recover. Apparently the AOL version of the Fool is widely followed. Trading in CAML was halted at 3:30 pm Friday and never resumed. No statements and no news. Hopefully something will break on Monday. But a good number of traders are in tense suspense. Is there no obligation by the company, the market maker or the exchange to offer an explanation? CAML has a weird past, not at all an investor grade stock, but this has become too weird even for me. :-) Fortunately XYBR came along to add some excitement. Some of you with a speculative bent may want to look at XYBR. I expect it to gap up on Monday. Sorry for the diversion. GS ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] MSON restated earnings for Q4 Date: 27 Sep 1997 12:48:33 -0400 Well, looks like Ricardo is exactly correct. Finally downloaded and saved the news release from PointCast (would have attached it but haven't figured out yet how to do that, I still have amazing gaps in my internet and computer literacy!). In fact, the way the release reads, they are reporting results for Q4 (which ended June 30) based on the nr of shares that will exist in October once they do a 3:2 split which wasn't even announced until September! This is a first for me, talk about fully diluted, conservative reporting! Gotta check this with an accountant, I think they are going overboard. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] ACTC breakout?/CAML Date: 27 Sep 1997 13:08:20 -0400 I have been talking up ACTC since 7, unfortunately didn't have the buying power for my acct at the time. At least did get some of my brokers into it in the low 7 range, while I kept waiting for it to pull back a little, or for one of my other stocks to spike to a sell point. I am still hoping, even tho it is now rather extended. On the other hand, these small caps with great CS nrs just aren't pulling back and giving new entry points from what I can see. All the CS nrs still are real strong, and PE is still quite low. If it were to start consolidating here, then I would wait for another volume signal, which is what I have been using on it (set my limit at 400K, hit it right at the closing bell on Wed, at about 2PM on Thu, and by noon on Friday, for the fifth straight day of increasing vol). On CAML (Camelot), if you caught my comments at misc.invest.stocks, then you already know my opinion, but for those that missed it, here goes. For a periodically hyped, touted and manipulated stock, this past week was still extraordinary. From $2/share to over $13 in one week, right after a 40:1 reverse split, all because they announce that they "plan" to talk to some computer mfrs about the "possibility" of including their technology in PCs to be built in 1998! Note: no firm contract, no upfront licensing fees yet set, no production nrs agreed to as a minimum, no existing serious revenues just losses, and no proof of the efficacy of their product over many competitors other than the cos claims, both for internet telephone and videoconferencing. I guess my real surprise is that Motley Fool actually encouraged its followers to take profits rather than buy more at highly inflated prices (you can judge my opinion of MF from this). Could it be that some of my public comments scared them?? Nah, I'm not that well known. Still, this stock is seriously overinflated with no realistic, proven fundamentals as of yet. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Gess Shankar > To: canslim@mail.xmission.com > Subject: [CANSLIM] ACTC breakout? > Date: Saturday, September 27, 1997 1:53 PM > > Applied Cellular (NASDAQ: ACTC.) put on some 10% on increased volume > (3 x ADV). I want to do some calmer trading... even "investing" for a > change. I am wondering if I can buy some on Monday. Is the stock > extended or does it have some more steam? Any opinions appreciated. > > Gess > PS: Some daytrading comments prompted by a previous post > referring to the Motley Fool site for the PEG information: > > I participated in Camelot (CAML) orgy (+200% in a couple of days). I > I took profit for most of my purchases, but held some. Motley Fool > soundly trashed the stock on Thursday after close and Friday saw CAML > gap down and never recover. Apparently the AOL version of the Fool is > widely followed. Trading in CAML was halted at 3:30 pm Friday and > never resumed. No statements and no news. Hopefully something will > break on Monday. But a good number of traders are in tense suspense. > Is there no obligation by the company, the market maker or the > exchange to offer an explanation? CAML has a weird past, not at all > an investor grade stock, but this has become too weird even for me. > :-) > > Fortunately XYBR came along to add some excitement. Some of you with > a speculative bent may want to look at XYBR. I expect it to gap up on > Monday. > > Sorry for the diversion. > GS ------------------------------------------------------------------------------- From: Tim Fisher Subject: Re: [CANSLIM] ACTC breakout? Date: 27 Sep 1997 10:55:31 -0700 At 12:53 PM 9/27/97 -0500, you wrote: >Applied Cellular (NASDAQ: ACTC.) put on some 10% on increased volume >(3 x ADV). I want to do some calmer trading... even "investing" for a >change. I am wondering if I can buy some on Monday. Is the stock >extended or does it have some more steam? Any opinions appreciated. > FWIW below is a rather long-winded analysis from VectorVest. I cut out their explanatory language to save bandwidth. Looks pretty good to me. A little cheap for CANSLIM. BTW their %VOL shows 167% ADV instead of 300%. Stock Analysis of Applied Cellur ACTC is traded on the NASDAQ. PRICE: ACTC closed on 25-Sep-1997 at $7.60 per share. VALUE: ACTC has a Value of $9.40 per share. RV (Relative Value): ACTC has an RV of 1.45. On a scale of 0.00 to 2.00, an RV of 1.45 is excellent. RS (Relative Safety): ACTC has an RS rating of 0.79. On a scale of 0.00 to 2.00, an RS of 0.79 is poor. RT (Relative Timing): ACTC has an RT rating of 1.70. On a scale of 0.00 to 2.00, an RT of 1.70 is excellent. VST-Vector (VST): ACTC has a VST-Vector rating of 1.38. On a scale of 0.00 to 2.00, an VST of 1.38 is excellent. GRT (Growth Rate): ACTC has a GRT of 36 % per year. This is excellent. Recommendation (REC): ACTC has a Buy recommendation. STOP-PRICE: ACTC has a Stop-Price of $6.20 per share. This is $1.40 or 18.4% below its current closing Price. EY (Earnings Yield): ACTC has an EY of 4.27%. This is below the current market average of 4.82%. EPS (Earnings Per Share): ACTC has an EPS of $0.32 per share. P/E (Price to Earnings Ratio): ACTC has a P/E ratio of 23.41. GPE (Growth to P/E Ratio): ACTC has a GPE of 1.54. This ratio suggests that This ratio suggests that ACTC is undervalued. % VOL: ACTC had a Volume change of 67.2% from its 50 day moving average volume. OPEN: ACTC opened trading at $7.20 per share on 25-Sep-1997. HIGH: ACTC traded at a high of $7.70 per share on 25-Sep-1997. LOW: ACTC traded at a low of $7.10 per share on 25-Sep-1997. CLOSE: ACTC Closed trading at $7.60 per share on 25-Sep-1997. % PRC: ACTC showed a Price change of 7.0% from the prior day's closing price. INDUSTRY: ACTC has been assigned to the Computer (Services) Group. VectorVest classifies stocks into over 190 Industry Groups and 50 Business Sectors. ACTC has well below average safety with well above average upside potential. It reflects a stock which is likely to give well above average, inconsistent returns over the long term. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: "Gess Shankar" Subject: Re: [CANSLIM] ACTC breakout?/CAML Date: 27 Sep 1997 17:03:38 -0500 On 27 Sep 97 at 13:08, Tom Worley wrote: > On the > other hand, these small caps with great CS nrs just aren't pulling > back and giving new entry points from what I can see. All the CS nrs > still are real strong, and PE is still quite low. If it were to > start consolidating here, then I would wait for another volume > signal, which is what I have been using on it (set my limit at 400K, > hit it right at the closing bell on Wed, at about 2PM on Thu, and by > noon on Friday, for the fifth straight day of increasing vol). > Good input. I also thought I would see a dip, but after a short period of sideways trading, it is moving north. May be still money is moving to small caps. > I guess my real surprise is that Motley Fool actually encouraged its > followers to take profits rather than buy more at highly inflated > prices (you can judge my opinion of MF from this). Could it be that > some of my public comments scared them?? Nah, I'm not that well > known. Still, this stock is seriously overinflated with no > realistic, proven fundamentals as of yet. > I missed your m.i.s. posting, but it is not a newsgroup I read avidly. Motley Fool comments pretty much were similar to yours, as you well know. Basically they wondered about the power of a simple press release (and I about their power to deflate this stock with a simple article). Basically the technology is reworked "Digiphone" with some video thrown in. Based on their track record, I doubt any serious OEM contracts will happen, though I didn't let my lack of confidence cloud my judgement into not taking an easy $5 profit. One does not often get opportunities to double the stake in a single day. :-) Gess ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: Re: [CANSLIM] MSON restated earnings for Q4 Date: 27 Sep 1997 17:07:25 -0400 http://biz.yahoo.com/prnews/97/09/26/mson_y001_1.html Above is the address to log on and here is the news: Friday September 26 7:10 PM EDT Company Press Release Misonix, Inc. Announces Restated Results for Fourth Quarter And Year Ended June 30, 1997 FARMINGDALE, N.Y., Sept. 26 /PRNewswire/ -- Misonix, Inc. (Nasdaq:MSON), today reported restated earnings for the fourth quarter and fiscal year ended June 30, 1997 reflecting the effect of a 3-for-2 stock split announced on September 10, 1997, payable to shareholders of record at the close of business on October 10, 1997, as well as a non-recurring, non-cash compensation charge of $0.185 million recorded in the fourth quarter. After giving effect to the stock split, net income including the non- recurring, non-cash compensation charge of $0.185 million was $2.108 million, or $0.33 per share, for the quarter ended June 30, 1997, compared to net income of $0.247 million, or $.06 per share, for the comparable period in 1996. Net sales for the three months ended June 30, 1997 were $6.054 million, a 119% increase over the $2.771 million reported for the comparable 1996 period. For the fiscal year ended June 30, 1997, after giving effect to the stock split, Misonix recorded net income of $0.177 million including the adjusted non-recurring, non-cash compensation charge of $4.545 million, or $.03 per share, compared to net income of $0.389 million, or $0.09 per share, for the year ended June 30, 1996. Net income for the year ended June 30, 1997 would have been $4.722 million, or $0.91 per split-adjusted share, without the effect of the adjusted non-recurring, non-cash compensation charge. Net sales for the fiscal year ended June 30, 1997 were $17.560 million, a 77% increase over the $9.913 million reported for the comparable 1996 period. Misonix, Inc. develops, manufactures and/or markets medical, scientific and industrial ultrasonic and air pollution control systems. MISONIX, INC. AND SUBSIDIARIES COMPARATIVE RESULTS (in thousands of dollars, except per share data) Three Months Ended Twelve Months Ended 6/30/97 6/30/96 6/30/97 6/30/96 Net sales $ 6,054 $ 2,771 $ 17,560 $ 9,913 Cost of goods sold 2,357 1,427 7,591 5,181 Gross profit 3,697 1,344 9,969 4,732 Selling, general and administrative expenses 1,588 1,044 5,492 4,139 Research and development 160 52 351 204 Non-cash compensation charge 185 -- 4,545 -- Total operating expenses 1,933 1,096 10,388 4,343 Income (loss) from operations 1,764 248 (419) 389 Other income 376 23 680 69 Income before minority interest and income taxes 2,140 271 261 458 Minority interest in net income of consolidated subsidiary (9) (24) (32) (69) Income before income taxes 2,131 247 229 389 Income taxes* (23) -- (52) -- Net income 2,108 247 177 389 Net income per share $ 0.33 $ 0.06 $ 0.03 $ 0.09 Weighted average shares and share equivalents outstanding 6,477 4,373 5,178 4,301 * Includes income taxes due at the Company's foreign subsidiary. It does not include domestic income taxes due to the use of net operating loss carryforwards. SOURCE Misonix, Inc. More news for referenced ticker symbols: MSON, and related industries: healthcare, medical. Tom Worley wrote: > > Well, looks like Ricardo is exactly correct. Finally downloaded and > saved the news release from PointCast (would have attached it but > haven't figured out yet how to do that, I still have amazing gaps > in my internet and computer literacy!). In fact, the way the > release reads, they are reporting results for Q4 (which ended June > 30) based on the nr of shares that will exist in October once they > do a 3:2 split which wasn't even announced until September! This is > a first for me, talk about fully diluted, conservative reporting! > Gotta check this with an accountant, I think they are going > overboard. > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be interpreted as a recommendation > of any kind. I am a licensed (inactive) broker and an active > investor. All investors should do their own research prior to any > investment, especially one learned about on the Internet. Hopefully > my comments will better inform and educate all investors. > > tom w ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: Re: [CANSLIM] MSON restated earnings for Q4 Date: 27 Sep 1997 17:07:25 -0400 http://biz.yahoo.com/prnews/97/09/26/mson_y001_1.html Above is the address to log on and here is the news: Friday September 26 7:10 PM EDT Company Press Release Misonix, Inc. Announces Restated Results for Fourth Quarter And Year Ended June 30, 1997 FARMINGDALE, N.Y., Sept. 26 /PRNewswire/ -- Misonix, Inc. (Nasdaq:MSON), today reported restated earnings for the fourth quarter and fiscal year ended June 30, 1997 reflecting the effect of a 3-for-2 stock split announced on September 10, 1997, payable to shareholders of record at the close of business on October 10, 1997, as well as a non-recurring, non-cash compensation charge of $0.185 million recorded in the fourth quarter. After giving effect to the stock split, net income including the non- recurring, non-cash compensation charge of $0.185 million was $2.108 million, or $0.33 per share, for the quarter ended June 30, 1997, compared to net income of $0.247 million, or $.06 per share, for the comparable period in 1996. Net sales for the three months ended June 30, 1997 were $6.054 million, a 119% increase over the $2.771 million reported for the comparable 1996 period. For the fiscal year ended June 30, 1997, after giving effect to the stock split, Misonix recorded net income of $0.177 million including the adjusted non-recurring, non-cash compensation charge of $4.545 million, or $.03 per share, compared to net income of $0.389 million, or $0.09 per share, for the year ended June 30, 1996. Net income for the year ended June 30, 1997 would have been $4.722 million, or $0.91 per split-adjusted share, without the effect of the adjusted non-recurring, non-cash compensation charge. Net sales for the fiscal year ended June 30, 1997 were $17.560 million, a 77% increase over the $9.913 million reported for the comparable 1996 period. Misonix, Inc. develops, manufactures and/or markets medical, scientific and industrial ultrasonic and air pollution control systems. MISONIX, INC. AND SUBSIDIARIES COMPARATIVE RESULTS (in thousands of dollars, except per share data) Three Months Ended Twelve Months Ended 6/30/97 6/30/96 6/30/97 6/30/96 Net sales $ 6,054 $ 2,771 $ 17,560 $ 9,913 Cost of goods sold 2,357 1,427 7,591 5,181 Gross profit 3,697 1,344 9,969 4,732 Selling, general and administrative expenses 1,588 1,044 5,492 4,139 Research and development 160 52 351 204 Non-cash compensation charge 185 -- 4,545 -- Total operating expenses 1,933 1,096 10,388 4,343 Income (loss) from operations 1,764 248 (419) 389 Other income 376 23 680 69 Income before minority interest and income taxes 2,140 271 261 458 Minority interest in net income of consolidated subsidiary (9) (24) (32) (69) Income before income taxes 2,131 247 229 389 Income taxes* (23) -- (52) -- Net income 2,108 247 177 389 Net income per share $ 0.33 $ 0.06 $ 0.03 $ 0.09 Weighted average shares and share equivalents outstanding 6,477 4,373 5,178 4,301 * Includes income taxes due at the Company's foreign subsidiary. It does not include domestic income taxes due to the use of net operating loss carryforwards. SOURCE Misonix, Inc. More news for referenced ticker symbols: MSON, and related industries: healthcare, medical. Tom Worley wrote: > > Well, looks like Ricardo is exactly correct. Finally downloaded and > saved the news release from PointCast (would have attached it but > haven't figured out yet how to do that, I still have amazing gaps > in my internet and computer literacy!). In fact, the way the > release reads, they are reporting results for Q4 (which ended June > 30) based on the nr of shares that will exist in October once they > do a 3:2 split which wasn't even announced until September! This is > a first for me, talk about fully diluted, conservative reporting! > Gotta check this with an accountant, I think they are going > overboard. > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be interpreted as a recommendation > of any kind. I am a licensed (inactive) broker and an active > investor. All investors should do their own research prior to any > investment, especially one learned about on the Internet. Hopefully > my comments will better inform and educate all investors. > > tom w ------------------------------------------------------------------------------- From: MacMama&theLooneyTunesGang Subject: Re: [CANSLIM] Re. WHY? WHY? WHY? Date: 26 Sep 1997 21:28:23 +0400 Thanks for the welcome Tom! My uncle introduced me to the market, to IBD, and to CANSLIM this summer. He gave me the tape and brochure he received with his IBD subscription. I've about worn them out! Also have read a lot of WON's HTMMIS but had to rest for a while - my brain was going numb from overload! I've also had my free 2 weeks and subscribed to IBD. I devour it every day and feel lonely on Monday. I'm a tax practitioner by choice. For more fun, I remodel fixer-up or "dated" houses. I enjoy logic, strategy, making money, and competing with myself. Suspect this makes me a prime candidate for addiction to the stock market. I'm already on my way! My investing background. Gee...this won't take up much space. . That's it! My motivation: When I called my broker's office to learn what it meant to "go out on margin", it was pointed out by one of the staff that there had been a margin call on my account earlier in the year. After digging through my statements, I hired a new broker - me! I may not be as knowledgeable, but I'm honest. I have questions - lots. If y'all have the patience, I'll be most grateful for any help you're offering. For openers: 1) From Tom's post "...it is now rather extended. On the other hand, these small caps with great CS nrs just aren't pulling back and giving new entry points from what I can see. " What are "nrs"? And (assuming volume is there) is the entry point the first new high or the first rise off the bottom of the consolidation area? It seems I'm seeing both in the examples I've studied. 2) Why do stocks with low EPS and/or RS ranks run up so fast and so high? Amazon, for example. I see the crap-shooters in there for a fast buck when it starts to roll, but what gets it moving to start such a buying frenzy? And what makes a stock that's been quiet suddenly shoot up $15-20 a share on huge volume in one day? Is program buying causing that? I'm going now to look for those DGs you recommeded. Thanks for the tips. Great meeting y'all! Gail ------------------------------------------------------------------------------- From: Steve Subject: [CANSLIM] Short interest Date: 27 Sep 1997 18:11:05 -0700 http://www.viwes.com/invest/shorts.html has short interest figures for NASDAQ stocks. Check it out. Steve ------------------------------------------------------------------------------- From: dcameron@info1.harper.cc.il.us (Dave Cameron) Subject: Re: [CANSLIM] Re. WHY? WHY? WHY? Date: 27 Sep 1997 21:46:12 -0500 (CDT) Haven't seen anyone answer this directly: Gail (with an interesting sense of humor) wrote: > > Thanks for the welcome Tom! > > My uncle introduced me to the market, to IBD, and to CANSLIM this > summer. He gave me the tape and brochure he received with his IBD > subscription. I've about worn them out! Also have read a lot of WON's > HTMMIS but had to rest for a while - my brain was going > numb from overload!... I know that feeling. I had a stretch where I was devouring books on investing and investors. Pretty soon I couldn't keep straight what I had read. > .... I've also had my free 2 weeks and subscribed to IBD. > I devour it every day and feel lonely on Monday. Yeah, I've always got a kick out of having the weekend report in Friday's edition. By the time I read it, the numbers are dated. Wish they'd put it in Monday's edition. Then I could read it at my leisure on Saturday, and know everything is current. > > I'm a tax practitioner by choice. For more fun, I remodel fixer-up or You must have a REAL sense of humor... > "dated" houses. I enjoy logic, strategy, making money, and competing > with myself. Suspect this makes me a prime candidate for addiction to > the stock market. I'm already on my way! Nah... most people with an addiction to the market don't get into taxes... > > My investing background. Gee...this won't take up much > space. . That's it! > > My motivation: When I called my broker's office to learn what it meant > to "go out on margin", it was pointed out by one of the staff that there > had been a margin call on my account earlier in the year. After digging > through my statements, I hired a new broker - me! I may not be as > knowledgeable, but I'm honest. > > I have questions - lots. If y'all have the patience, I'll be most > grateful for any help you're offering. > > For openers: > 1) From Tom's post "...it is now rather extended. On the other hand, > these small caps with great CS nrs just aren't pulling back and giving > new entry points from what I can see. " > > What are "nrs"? And (assuming volume is there) is the entry point the > first new high or the first rise off the bottom of the consolidation > area? It seems I'm seeing both in the examples I've studied. "nrs" is Tom's abbreviation for "numbers". In this case, I assume primarily EPS and RS. I would say the entry point was the first rise off the bottom of the consolidation area. But that's in hindsight. We all interpret charts a little differently. > > 2) Why do stocks with low EPS and/or RS ranks run up so fast and so > high? Amazon, for example. I see the crap-shooters in there for a fast > buck when it starts to roll, but what gets it moving to start such a > buying frenzy? And what makes a stock that's been quiet suddenly shoot > up $15-20 a share on huge volume in one day? Is program buying causing > that? I don't know in the case of Amazon. I'm sure a lot of people are falling all over themselves to get in it. The Motley Fool is getting pretty influential as well. On some occasions, someone finds out news early, and starts buying big. (This could be a fund, or a bank, or Buffett, or Soros ). I have seen cases where a low EPS stock quickly becomes a high RS stock. Sometimes the EPS catches up (someone knew something), sometimes it doesn't (then the stock crashes). CANSLIMers tend to stay away. There are enough high EPS/RS stocks out there to keep away from the Amazons. You can make big money, but IMHO, the risks outweigh the potential gains more often than not. > > I'm going now to look for those DGs you recommeded. Thanks for the tips. > Great meeting y'all! Not sure you can "find DGs" except by ordering. > > Gail > > welcome aboard, Dave Cameron dcameron@info1.harper.cc.il.us ------------------------------------------------------------------------------- From: Chune Lee Subject: Re: [CANSLIM] Short interest Date: 27 Sep 1997 20:00:05 -0700 Steve and All, I checked the site and found that ITEQ has 1,132,734 short a big increase from last month of with a C/A ratio of 3.49% from .08%. The C/A is a rough indicator of # days to cover short. The Float is 9.2 M as reported by Yahoo. How would one interpret this. Chune Steve wrote: > > http://www.viwes.com/invest/shorts.html has short interest figures for > NASDAQ stocks. Check it out. > > Steve ------------------------------------------------------------------------------- From: Sam Funchess Subject: Re: [CANSLIM] Re: ACRT Date: 27 Sep 1997 23:40:27 -0700 I hate replying to this so late after it was posted but I have a very hard time getting to a computer that sends e-mail out (I can receive them but my school has turned of the option to access the sending out of e-mail, makes me so mad.) IBD also had a good article last week in the "Companies in the news" section. It was in the paper one or two days before the explosion in volume. I got into it because I had some money sitting in an account and decided to gamble. At the time of the article it had no mutual fund sponsorship or analysts following it. I saw this as an easy opportunity to move the price easy once it was spotted. I was willing to take a little risk with the fund. being what they were. From memory I got in in the 16 range. Sam Craig Griffin wrote: > Dave, > > In a sense you are correct :>). In another sense, no boasting > involved, it > is not a big enough position (even after 3 small buys) to have that > much > impact on my portfolio, whichever way it goes. (One never knows does > one?) > > I bought some on 8/26 when it gapped up on news around $17. More when > the > "pipe" formed on 9/16 at $15 1/2 (I should have been stopped out the > day > before on my first purchase, but I had set my stop at support at 14 > 7/8, and > I refused to sell without a close below that - easy to do with a small > > position). Then bought some more today. Not exactly Canslim buying, > but > then again it was small nibbles along the way. I would have probably > done > about as good, with less to worry about, to buy at about 17 today on > the > initial surge. > > Regards, > Craig > > PS. The "elephant in the bathtub" analogy is not mine. I have seen > it used > a few times regarding breakouts on big volume. The reference is to > institutions and their inability to take big positions without > "displacing > quite a bit of water" ;^). > > PPS. Joan - Thanks for the Bottom Line info. I should have it around > here > and will look it up. > > At 08:56 PM 9/23/97 -0500, you wrote: > >Craig, > > > >Nice analogy (elephant in the bathtub). I'm not sure if > >your disclaimer is a disclaimer or a boast . But... > >I am curious as to when you bought in. > > > >Dave Cameron > > > > ------------------------------------------------------------------------------- From: MacMama&theLooneyTunesGang Subject: Re: [CANSLIM] Re. WHY? WHY? WHY? Date: 27 Sep 1997 02:14:20 +0400 Hey Dave (with the also interesting sense of humor) ! Hi back at you! Thanks for the moral support as well as the answers. >Wish they'd put it in Monday's edition. Yea, I still expect to find it there...but it keeps getting here a day early! Always a surprise! Why do they make us read it on Friday when by printing it on Monday we could get it two days earlier and read it a day later? >Not sure you can "find DGs" except by ordering. That's WHY I'm looking...so I can find out where to order them, silly ! I'm watching JBIL, REAL. What do y'all think of these? Gail ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Short interest Date: 28 Sep 1997 07:31:57 -0400 Worth noting also that the short interest on NYSE dropped several percent on the latest monthly report, while increasing on both AMEX and NASDAQ. The bears are still alive and well. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Steve > To: canslim@mail.xmission.com > Subject: [CANSLIM] Short interest > Date: Saturday, September 27, 1997 9:11 PM > > http://www.viwes.com/invest/shorts.html has short interest figures for > NASDAQ stocks. Check it out. > > Steve ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] SCOR Date: 28 Sep 1997 15:33:52 GMT On Fri, 26 Sep 1997 12:06:07 -0400 (EDT), you wrote: : :This company showed up on my scan last night. It's a drug/pharmacy = company :that seems almost obscenely cheap. If anyone has noticed this company = as :well, would appreciate your thoughts. My apologies if it's been = mentioned :before. : :What's interesting about the chart pattern is the upcoming squeeze = between :the 50d and 20d EMA. If it's going to do anything, it'll probably be = soon. : :Thanks. : :----Db Db, Are you a bit confused? SOCR is Scan Optics, a small float computer peripherals company and software company. I believe they make scanning equipment in tandem with optical character recognition software systems (hence the "OCR"): Business Summary SOCR designs, manufactures, markets and services in-formation processing systems used for imaging, data capture, document processing and information management. Revenues for the six months ended 6/97 rose 23% to $26.5 million. Net income totalled $2 million, up from $570 thousand. Revenues reflect sales of the enhanced Series 9000's sold to a Japanese health agency. Earnings reflect production efficiencies, and reduced expenditures for interest.=20 You are right in that it is (in Tom Worley's words) ridiculously cheap. Dan ------------------------------------------------------------------------------- From: Dbphoenix@aol.com Subject: Re: [CANSLIM] SCOR Date: 28 Sep 1997 12:08:11 -0400 (EDT) In a message dated 97-09-28 11:35:42 EDT, you write: << Db, Are you a bit confused? SOCR is Scan Optics, a small float computer peripherals company and software company. I believe they make scanning equipment in tandem with optical character recognition software systems (hence the "OCR"): >> Nope. Referring to SCOR (Syncor). Not a big deal, though. Thanks anyway. ----Db ------------------------------------------------------------------------------- From: Tim Fisher Subject: [CANSLIM] Re: JBIL & REAL Date: 28 Sep 1997 09:55:52 -0700 At 02:14 AM 9/27/97 +0400, you wrote: >I'm watching JBIL, REAL. What do y'all think of these? > Both solid LLURs (lower left - upper right) w/ good numbers (JBIL has much better numbers IMHO). Many of these LLURs don't present much in the way of entry points and the best almost never gap up on 2x volume (i.e. DELL) - by the time they do then in my experience they are probably headed for the dreaded 15% correction. Buy them anytime - the sooner the better. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------------------------------------------------------- From: "William Sloan" Subject: [CANSLIM] Newcomer Date: 28 Sep 1997 11:53:33 PDT Hi. My name is Bill Sloan and I have been subscribing now to the canslim itself at ultra-guru Tom's suggestion and enjoy it very much. Have read WOM several times and took my first plunge last week with ECGOF. Will see what happens. Decided to use 15% for a point to get out - hope that doesn't happen - however, since I'm admitted total novice will keep trying. Good luck to all of you - Bill ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Newcomer Date: 28 Sep 1997 18:59:40 -0400 I claim neither credit nor blame. Still, glad to have you here, Bill. Hope it helps. Tried to get into DG Online all day today, no joy. Anyone doing any better?? Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: William Sloan > To: canslim@mail.xmission.com > Subject: [CANSLIM] Newcomer > Date: Sunday, September 28, 1997 2:53 PM > > Hi. My name is Bill Sloan and I have been subscribing now to the > canslim itself at ultra-guru Tom's suggestion and enjoy it very much. > Have read WOM several times and took my first plunge last week with > ECGOF. Will see what happens. Decided to use 15% for a point to get > out - hope that doesn't happen - however, since I'm admitted total > novice will keep trying. Good luck to all of you - Bill > > ______________________________________________________ > Get Your Private, Free Email at http://www.hotmail.com ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] MSON restated earnings for Q4 Date: 29 Sep 1997 03:05:09 GMT Tom, If you can't figure out how to attach a file to a message you send from your email program, you can open the file (I presume it is a reasonably simple text document in most cases) and select and copy the text to your clipboard. Then you can just paste it at the end of your email message. In many if not most cases, that's the simplest and most elegant way of doing it anyway. Dan On Sat, 27 Sep 1997 12:48:33 -0400, you wrote: :Well, looks like Ricardo is exactly correct. Finally downloaded and :saved the news release from PointCast (would have attached it but :haven't figured out yet how to do that, I still have amazing gaps :in my internet and computer literacy!). In fact, the way the :release reads, they are reporting results for Q4 (which ended June :30) based on the nr of shares that will exist in October once they :do a 3:2 split which wasn't even announced until September! This is :a first for me, talk about fully diluted, conservative reporting! :Gotta check this with an accountant, I think they are going :overboard. : :Any statements or opinions are strictly my own and not that of my :employer. My comments should not be interpreted as a recommendation :of any kind. I am a licensed (inactive) broker and an active :investor. All investors should do their own research prior to any :investment, especially one learned about on the Internet. Hopefully :my comments will better inform and educate all investors. : :tom w ------------------------------------------------------------------------------- From: "Hicks, Mike J (PB-mjhicks)" Subject: RE: [CANSLIM] Newcomer Date: 28 Sep 1997 23:18:45 -0700 I just tried to get into DG Online at 11:00 PM PST with no luck. mike > ---------- > From: Tom Worley[SMTP:stkguru@netside.net] > Sent: Sunday, September 28, 1997 3:59 PM > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Newcomer > > I claim neither credit nor blame. Still, glad to have you here, > Bill. Hope it helps. > > Tried to get into DG Online all day today, no joy. Anyone doing any > better?? > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be interpreted as a recommendation > of any kind. I am a licensed (inactive) broker and an active > investor. All investors should do their own research prior to any > investment, especially one learned about on the Internet. Hopefully > my comments will better inform and educate all investors. > > tom w > > ---------- > > From: William Sloan > > To: canslim@mail.xmission.com > > Subject: [CANSLIM] Newcomer > > Date: Sunday, September 28, 1997 2:53 PM > > > > Hi. My name is Bill Sloan and I have been subscribing now to the > > > canslim itself at ultra-guru Tom's suggestion and enjoy it very > much. > > Have read WOM several times and took my first plunge last week > with > > ECGOF. Will see what happens. Decided to use 15% for a point to > get > > out - hope that doesn't happen - however, since I'm admitted > total > > novice will keep trying. Good luck to all of you - Bill > > > > ______________________________________________________ > > Get Your Private, Free Email at http://www.hotmail.com > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] MSON restatement Date: 29 Sep 1997 05:23:11 -0400 The feedback I got from an accountant type is that Misonix's using its post-split nr of shares in restating its Q4 and fiscal year isn't wrong since SEC requires any major subsequent events (which the split would be) to be included when restating prior earnings. He does say they probably could have avoided it for now, but may have done so to avoid confusion in future reports and comparisons. Certainly is an extremely conservative thing to have done, IMO. In any event, as Ricardo pointed out, the actual comparative change for Q4 is only a couple of pennies rather than the 20 cents that the headline suggested, and it is apparently a non-cash charge as well. Just hope the mkt (and analysts and commentators) understand it as well. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] DG Online Date: 29 Sep 1997 06:37:08 -0400 Did any of the DG beta testers here get any notice of either DG Online being down for the weekend or of it finally going commercial? Did any get any notice of any other reason why it has apparently not been available all weekend? I sent a query off to Tech Support, but I don't expect a response till sometime today. Even went thru a complete download of the software just in case they had changed it and not updated the date of the version. Same inability to connect, which suggests to me that the server is off line. even tho IBD and the overall Daily Graphs servers appear to be working fine. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Newcomer Date: 29 Sep 1997 13:20:20 GMT On Sun, 28 Sep 1997 18:59:40 -0400, you wrote: :I claim neither credit nor blame. Still, glad to have you here, :Bill. Hope it helps. : :Tried to get into DG Online all day today, no joy. Anyone doing any :better?? Not me. I had trouble in the morning and figured it was a maintenance period. But at night, no different. Sent them a note. Behavior is wierd. The opening window (after the login disappears) does not pop up as usual, but eventually a blank window does come up. If you then clidk Window/New Window from the menus, you get the usual screen. Entering a stock symbol however brings up a message to email custserv@dailygraphs.com. I did so. No answer yet. Is everybody down on DG online? DAn :Any statements or opinions are strictly my own and not that of my :employer. My comments should not be interpreted as a recommendation :of any kind. I am a licensed (inactive) broker and an active :investor. All investors should do their own research prior to any :investment, especially one learned about on the Internet. Hopefully :my comments will better inform and educate all investors. : :tom w : :---------- :> From: William Sloan :> To: canslim@mail.xmission.com :> Subject: [CANSLIM] Newcomer :> Date: Sunday, September 28, 1997 2:53 PM :>=20 :> Hi. My name is Bill Sloan and I have been subscribing now to the : :> canslim itself at ultra-guru Tom's suggestion and enjoy it very :much. =20 :> Have read WOM several times and took my first plunge last week :with=20 :> ECGOF. Will see what happens. Decided to use 15% for a point to :get=20 :> out - hope that doesn't happen - however, since I'm admitted :total=20 :> novice will keep trying. Good luck to all of you - Bill :>=20 :> ______________________________________________________ :> Get Your Private, Free Email at http://www.hotmail.com ------------------------------------------------------------------------------- From: Peter Christiansen Subject: [CANSLIM] Second Chance AHA Date: 29 Sep 1997 20:49:14 GMT+7 After breaking out of a double bottom on 9/16, Alpha Industries (AHA) looks like it is offering another buying opportunity as it breaks out of an 8 day handle. All numbers except EPS are very strong. Last quarter earnings were excellent, and the estimates for 1998 suggest a strong earnings turn around. I'm in and likely buying more. Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ CONgress (n) - Opposite of PROgress ------------------------------------------------------------------------------- From: "Patrick Wahl" Subject: Re: [CANSLIM] DG Online Date: 29 Sep 1997 09:15:15 -0800 > From: "Tom Worley" > Did any of the DG beta testers here get any notice of either DG > Online being down for the weekend or of it finally going > commercial? Did any get any notice of any other reason why it has > apparently not been available all weekend? I sent a query off to I don't know anything about DG, but here are a few sites that allow a person to do searches based on various criteria, and they are free. I've only tried the first one, seemed pretty good. No charts, but there are several other place to get charts to check on the companies returned by the search. www.stockscreener.com www.techcharts.com/scan.html netscreen.marketguide.com www.marketplayer.com www.researchmag.com www.stocktools.com www.wsrn.com The following have some free features, but also charge for some services - www.wallstreetcity.com investor.msn.com/home.asp (Microsoft Investor) www.iqc.com/scan If anyone tries these out and finds them useful, perhaps they can drop a note to the group. ------------------------------------------------------------------------------- From: rpitts@smtp.microcom.com (Ron Pitts) Subject: Re: [CANSLIM] DG Online Date: 29 Sep 1997 13:30:11 -0400 --IMA.Boundary.422455578 Content-Type: text/plain; charset=US-ASCII Content-Transfer-Encoding: 7bit Content-Description: cc:Mail note part Tom, I experienced the same problem all day yesterday. I did receive a message Friday from DG Online that the system would be down Saturday from 5PM until 8PM. It seems that maybe they had incurred some unexpected problems during their scheduled maintenance. I don't have access to DG from work because of the firewall thing. Is DG up and running yet today? RP ______________________________ Reply Separator _________________________________ Author: "Tom Worley" at smtp Did any of the DG beta testers here get any notice of either DG Online being down for the weekend or of it finally going commercial? Did any get any notice of any other reason why it has apparently not been available all weekend? I sent a query off to Tech Support, but I don't expect a response till sometime today. Even went thru a complete download of the software just in case they had changed it and not updated the date of the version. Same inability to connect, which suggests to me that the server is off line. even tho IBD and the overall Daily Graphs servers appear to be working fine. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w --IMA.Boundary.422455578 Content-Type: text/plain; charset=US-ASCII; name="RFC822 message headers" Content-Transfer-Encoding: 7bit Content-Description: cc:Mail note part Content-Disposition: inline; filename="RFC822 message headers" Received: from mail.microcom.com (207.31.204.10) by smtp.microcom.com with SMTP (IMA Internet Exchange 2.1 Enterprise) id 000408E9; Mon, 29 Sep 97 10:47:30 -0400 Received: from sw.microcom.com ([207.31.204.1]) by mail.microcom.com (Netscape Messaging Server 3.0) with ESMTP id ABN6722 for ; Mon, 29 Sep 1997 10:41:27 -0400 Received: from sw.microcom.com (root@localhost) by sw.microcom.com (8.7.5/8.7.3) with ESMTP id GAA29139 for ; Mon, 29 Sep 1997 06:32:47 -0400 (EDT) Received: from mail.xmission.com (mail.xmission.com [198.60.22.22]) by sw.microcom.com (8.7.5/8.7.3) with SMTP id GAA29135 for ; Mon, 29 Sep 1997 06:32:46 -0400 (EDT) Received: from domo by mail.xmission.com with local (Exim 1.62 #4) id 0xFd7o-0001wW-00; Mon, 29 Sep 1997 04:32:24 -0600 Received: from netside.net [205.159.140.2] (root) by mail.xmission.com with smtp (Exim 1.62 #4) id 0xFd7m-0001wM-00; Mon, 29 Sep 1997 04:32:22 -0600 Received: from stkguru (stkguru@sunny.netside.net [205.159.140.2]) by netside.net (8.7.3/8.7.3) with ESMTP id GAA04920 for ; Mon, 29 Sep 1997 06:31:49 -0400 (EDT) Message-Id: <199709291031.GAA04920@netside.net> X-MSMail-Priority: Normal X-Priority: 3 X-Mailer: Microsoft Internet Mail 4.70.1155 MIME-Version: 1.0 Content-Type: text/plain; charset=ISO-8859-1 Content-Transfer-Encoding: 7bit Sender: owner-canslim@xmission.com Precedence: bulk Reply-To: canslim@mail.xmission.com --IMA.Boundary.422455578-- ------------------------------------------------------------------------------- From: Craig Griffin Subject: Re: [CANSLIM] DG Online - Just Came Up Date: 29 Sep 1997 13:53:07 -0400 Been checking off and on all day. Just came up in last 30 mins (between about 1:30 and 2:00). At 01:30 PM 9/29/97 -0400, you wrote: >Content-Type: text/plain; charset=US-ASCII >Content-Transfer-Encoding: 7bit >Content-Description: cc:Mail note part > > Tom, > > I experienced the same problem all day yesterday. I did receive a > message Friday from DG Online that the system would be down Saturday > from 5PM until 8PM. > > It seems that maybe they had incurred some unexpected problems during > their scheduled maintenance. > > I don't have access to DG from work because of the firewall thing. Is > DG up and running yet today? > > RP > > >______________________________ Reply Separator _________________________________ >Subject: [CANSLIM] DG Online >Author: "Tom Worley" at smtp >Date: 9/29/97 6:37 AM > > >Did any of the DG beta testers here get any notice of either DG >Online being down for the weekend or of it finally going >commercial? Did any get any notice of any other reason why it has >apparently not been available all weekend? I sent a query off to >Tech Support, but I don't expect a response till sometime today. >Even went thru a complete download of the software just in case >they had changed it and not updated the date of the version. Same >inability to connect, which suggests to me that the server is off >line. even tho IBD and the overall Daily Graphs servers appear to >be working fine. > >Any statements or opinions are strictly my own and not that of my >employer. My comments should not be interpreted as a recommendation >of any kind. I am a licensed (inactive) broker and an active >investor. All investors should do their own research prior to any >investment, especially one learned about on the Internet. Hopefully >my comments will better inform and educate all investors. > >tom w > Content-Type: text/plain; charset=US-ASCII; name="RFC822 message headers" >Content-Transfer-Encoding: 7bit >Content-Description: cc:Mail note part >Content-Disposition: inline; filename="RFC822 message headers" > >Received: from mail.microcom.com (207.31.204.10) by smtp.microcom.com with SMTP > (IMA Internet Exchange 2.1 Enterprise) id 000408E9; Mon, 29 Sep 97 10:47:30 >-0400 >Received: from sw.microcom.com ([207.31.204.1]) by mail.microcom.com > (Netscape Messaging Server 3.0) with ESMTP id ABN6722 > for ; Mon, 29 Sep 1997 10:41:27 -0400 >Received: from sw.microcom.com (root@localhost) by sw.microcom.com (8.7.5/8.7.3) >with ESMTP id GAA29139 for ; Mon, 29 Sep 1997 06:32:47 >-0400 (EDT) >Received: from mail.xmission.com (mail.xmission.com [198.60.22.22]) by >sw.microcom.com (8.7.5/8.7.3) with SMTP id GAA29135 for >; Mon, 29 Sep 1997 06:32:46 -0400 (EDT) >Received: from domo by mail.xmission.com with local (Exim 1.62 #4) > id 0xFd7o-0001wW-00; Mon, 29 Sep 1997 04:32:24 -0600 >Received: from netside.net [205.159.140.2] (root) > by mail.xmission.com with smtp (Exim 1.62 #4) > id 0xFd7m-0001wM-00; Mon, 29 Sep 1997 04:32:22 -0600 >Received: from stkguru (stkguru@sunny.netside.net [205.159.140.2]) by >netside.net (8.7.3/8.7.3) with ESMTP id GAA04920 for ; >Mon, 29 Sep 1997 06:31:49 -0400 (EDT) >Message-Id: <199709291031.GAA04920@netside.net> >From: "Tom Worley" >To: "CANSLIM" >Subject: [CANSLIM] DG Online >Date: Mon, 29 Sep 1997 06:37:08 -0400 >X-MSMail-Priority: Normal >X-Priority: 3 >X-Mailer: Microsoft Internet Mail 4.70.1155 >MIME-Version: 1.0 >Content-Type: text/plain; charset=ISO-8859-1 >Content-Transfer-Encoding: 7bit >Sender: owner-canslim@xmission.com >Precedence: bulk >Reply-To: canslim@mail.xmission.com > ------------------------------------------------------------------------------- From: JANSI1AUG1@aol.com Subject: [CANSLIM] Re. DG, et al Date: 29 Sep 1997 17:49:40 -0400 (EDT) Tom, Gail and Mike, Tom-I can't get on DG either. I am an AOL user and it provides me with Internet Access. I've written to DG before, and they say that AOL's IP address changes each time, and some of the addresses AOL uses aren't useable by DG. They wrote me Mon. 9/29 that this problem will be resolved by Monday night. Gail-I've seen the abbreviation before, but I've never asked. Now, though, I'm asking: What does "HTMMIS" mean (You use it when referring to WON's books). Mike-That's a nifty scan-technique you use (ie scanning for hi volume stocks just before the pivot point & using Interquote). I'm going to try it. Does Interquote really let you scan for the fundamentals and technicals you wish to scan for? What is Interquote's address? How do you pinpoint the pivot point using a formula (ie. wouldn't the pivot point change for each stock)? jans ------------------------------------------------------------------------------- From: JANSI1AUG1@aol.com Subject: [CANSLIM] RS vs A/D Date: 29 Sep 1997 18:08:26 -0400 (EDT) Tom: Would you please tell me in your own words the difference between RS and A/D. I'm looking at a stock with a "C" A/D rating, but an 98 RS rating. I trade for the short term or, if the stock looks or acts good, for the intermediate term (ie from 3 or 4 weeks to 8-9 months). Should I be looking at either of these two ratings? How do you distinguish between the two in evaluating a stock? jans ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Fw: Website down???? Date: 29 Sep 1997 20:14:22 -0400 As I feared, DG Online is about to go commercial. Here is their response to why they were down this weekend. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Techsupport > To: Tom Worley > Subject: Re: Website down???? > Date: Monday, September 29, 1997 11:43 AM > > Thank you for being patient during our Free Beta Testing period. We are > going through the final stages of system maintenance before we plan to > officially launch the service; we are expecting the service to be back up > before this evening. We are making other numerous changes to our network, > and are implementing security measures that may cause the service to be > temporarily inaccessible off and on for short periods of time. We are hoping > that the service interruptions will not continue beyond this week. Sorry for > the inconvenience, and thank you again for being a Beta Tester! > > Daily Graphs Online > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] DG Online Date: 29 Sep 1997 20:10:41 -0400 Thanks, Patrick, but you left off one biggie (at least to me) - that's nasdaq.com. They have substantially expanded this website, it's no longer just OTC stocks. They now cover all stocks (except BB stocks I think), have charts, and provide links to all the international markets as well as some of the commodities and stuff. They also have links, among many others, to the SEC's Edgar for those that want to read the actual Fed Filings. Still, there's nothing like the real Daily Graphs! Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Patrick Wahl > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] DG Online > Date: Monday, September 29, 1997 1:15 PM > > > From: "Tom Worley" > > > > Did any of the DG beta testers here get any notice of either DG > > Online being down for the weekend or of it finally going > > commercial? Did any get any notice of any other reason why it has > > apparently not been available all weekend? I sent a query off to > > > I don't know anything about DG, but here are a few sites that allow a > person to do searches based on various criteria, and they are free. > I've only tried the first one, seemed pretty good. No charts, but > there are several other place to get charts to check on the companies > returned by the search. > > www.stockscreener.com > www.techcharts.com/scan.html > netscreen.marketguide.com > www.marketplayer.com > www.researchmag.com > www.stocktools.com > www.wsrn.com > > > The following have some free features, but also charge for some > services - > > www.wallstreetcity.com > investor.msn.com/home.asp (Microsoft Investor) > www.iqc.com/scan > > If anyone tries these out and finds them useful, perhaps they can > drop a note to the group. > > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] RS vs A/D Date: 29 Sep 1997 20:27:38 -0400 "In my own words" huh? Guess that means I can't just quote from the DG books. Rats. Oh well, here's my understanding based on training by WON staffers and several years of using them. A/D (accumulation/distribution) measures the trading mostly of blocks of 10K shares or more. It is a means of measuring whether a stock is under accumulation by primarily institutional investors (blocks being bot) or distribution out to investors like us (sale of blocks). Thus, an A/D of A or B means institutionals are buying, and a D or E means get out of the way, the big guys are unloading. It tends to be a slower moving index than R/S partially because there are only five grades (A-E) compared to RS (99-1) as well as because of the way it is measured. A/D tends, IMO, to be more of a mid and long term indicator, so I would give it more weight on a stock I plan to hold for longer periods. RS (Relative Strength) is a beauty contest index. It simply measures how much a stock is in favor (popularity vote). High volume buying, either by retail or institutional, can create a high RS. More important to me is the trend of both RS and U/D (up/down ratio which compares the volume on up and down days). I use RS as an initial manual screen and then study what the RS line has been doing recently. Likewise, I watch the U/D nr for increases/decreases. This is a little hard to do since there is no historical line, but if I am watching a stock regularly I can do it, esp when I am on the verge of a buy or sell decision. Remember, that at least as of our last info, DG Online, like the paper version, only updates most nrs on a weekly basis while IBD updates several on a daily basis. So when contemplating a buy or sell decision, you should check the most recent IBD first, and compare the nrs to the last DG report. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: JANSI1AUG1@aol.com > To: CANSLIM@xmission.com > Subject: [CANSLIM] RS vs A/D > Date: Monday, September 29, 1997 6:08 PM > > Tom: > > Would you please tell me in your own words the difference between RS and > A/D. I'm looking at a stock with a "C" A/D rating, but an 98 RS rating. > > I trade for the short term or, if the stock looks or acts good, for the > intermediate term (ie from 3 or 4 weeks to 8-9 months). Should I be looking > at either of these two ratings? How do you distinguish between the two in > evaluating a stock? > > jans ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Second Chance AHA Date: 29 Sep 1997 21:10:59 -0400 Peter, I would disagree that only EPS is weak. Over the past four qtrs, both revenues and earnings compared unfavorably with the same qtr, prior year. In only one of those qtrs is a "non recurring" event indicated. Likewise, the full year forecast of a loss of $1.58 compares poorly with the prior year profit of $.43. The EPS of 46 alone would encourage me to wait for a few more qtrs and see if the cos claim that each remaining qtr this year will top last year's (actually an easy claim to achieve considering how poor last year was). Certainly, RS, timeliness, u/d, and a/d all look good, so it may well be a turnaround scenario, but I would not be comfortable with it. Good luck Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Peter Christiansen > To: CANSLIM > Subject: [CANSLIM] Second Chance AHA > Date: Monday, September 29, 1997 4:49 PM > > After breaking out of a double bottom on 9/16, Alpha Industries (AHA) looks like it is > offering another buying opportunity as it breaks out of an 8 day handle. All numbers > except EPS are very strong. Last quarter earnings were excellent, and the estimates for > 1998 suggest a strong earnings turn around. I'm in and likely buying more. > > Peter Christiansen > Chiang Mai, Thailand > > Connected with OS/2 Warp 3.0 & The Post Road Mailer > ____________________________________________________________________ _________________ > > CONgress (n) - Opposite of PROgress ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Breakout? Date: 29 Sep 1997 21:17:10 -0400 Patrick, the RS per DG Online is 70, and up/down is only 1.2 (positive but not powerful). On the other hand, there does appear to be a shallow c&h formed with a short handle at 25, breakout to new high about 26. Most of the CS nrs look favorable, and vol past three days all well over avg (today nearly 3X). Small short position as well. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Patrick Wahl > To: canslim@mail.xmission.com > Subject: [CANSLIM] Breakout? > Date: Saturday, September 27, 1997 12:50 AM > > Maybe someone can give me their read on Coherent Communications > (CCSC). It made a new closing high today, but not on great volume. > EPS number is high, but my several week old RS number looks low. > Earnings growth looks good. I dug this one out of Fortune magazine's > list of the 100 fastest growing companies from a few weeks ago. > > Patrick Wahl ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] JBIL, REAL (was Re. WHY? WHY? WHY?) Date: 29 Sep 1997 21:34:26 -0400 JBIL has been an excellent long term buy and be patient holding. Lately seems to be consolidating. However, excellent earnings growth has been achieved despite falling revenues and I would be cautious at an entry here. Wouldn't sell yet if I were lucky enough to own, but would be watching. REAL, esp with today's trading, looks to be rolling over. Today tested its closest logical support at 40 and held. But if it fails there, next likely support looks to be around 31-32. And, except for the latest qtr, its earnings don't impress me. Daily Graphs (book version) can be ordered from 800-472-7479 (in CA its 310-448-6843). The online version can be found (or rather the software to d/l, then register, then get your password) at dailygraphs.com. There is a five week trial available on the books (one for NASDAQ/AMEX, one for NYSE) that costs $28 plus $15 s&h. Note that if you are not in the USA, delivery times may be Tue or Wed or worse. Several advantages to DG Online, aside from convenience and you can use it (normally) on the weekend while the books may not reach you till Monday or later) is that the initial subscription is a little cheaper and there is no s&h (which is $156/year) plus the online version has all stocks while the book version doesn't. Even tho "Bill" doesn't pay me anything to mention the guru-ness of his publications, I still suggest everyone try the DG trial. It's a chance to see just how comprehensive his charts are compared to what's available on line, and use pure CS data at that. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: MacMama&theLooneyTunesGang > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Re. WHY? WHY? WHY? > Date: Friday, September 26, 1997 6:14 PM > > >Not sure you can "find DGs" except by ordering. > That's WHY I'm looking...so I can find out where to order them, silly > ! > > I'm watching JBIL, REAL. What do y'all think of these? > > Gail > ------------------------------------------------------------------------------- From: dcameron@info1.harper.cc.il.us (Dave Cameron) Subject: Re: [CANSLIM] DG Online Date: 29 Sep 1997 20:44:37 -0500 (CDT) Patrick listed a set of websites where you can get meaningful charts... Tom responded "don't forget www.nasdaq.com. I'd also add "www.investools.com (my favorite). Dave Cameron ------------------------------------------------------------------------------- From: Peter Christiansen Subject: Re: [CANSLIM] Second Chance AHA Date: 30 Sep 1997 08:45:40 GMT+7 ** Reply to note from "Tom Worley" Mon, 29 Sep 1997 21:10:59 -0400 > Likewise, the full year forecast of a loss of > $1.58 compares poorly with the prior year profit of $.43. I am looking at the '98 estimates of .70 a share. This would be the best yearly showing in the past seven years. > Likewise, the full year forecast of a loss of > $1.58 compares poorly with the prior year profit of $.43. Actually that is not a forecast; it is history. The fiscal year ended in March. I get the feeling something is changing with this company. Hopefully I will get confirmation of that on 11/5 (next earnings report). In the mean time, my stop is in place. I did buy more of it at the open, and I ended the day with a 4% gain on the days purchase (often a positive sign). > Certainly, RS, timeliness, u/d, and a/d all look good Not to mention a group ranking of 96. I also like seeing the three instances of insider buying in the past six months. By the way, I was finally stopped out of Computer Task Group (TSK) after 4 1/2 months. The first shares purchased were closed out with a 90% gain. I could use a few more trades like that. Cheers. Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ But then again, I like cold toilet seats. ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] Short interest Date: 29 Sep 1997 21:46:17 -0400 DG Online indicate over 6 days short (up 23%) with an average daily vol of 225K. Most of the CS nrs look good except for u/d at 1.1 and GRS at 70 (this is tough typing in Chinese, so forgive any typos!). Volume has accelerated past three days, but still not over 150% of ADV so may have some short covering going on. Float is indicated as 8.4 mil shares. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Chune Lee > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Short interest > Date: Saturday, September 27, 1997 11:00 PM > > Steve and All, > > I checked the site and found that ITEQ has 1,132,734 short a big > increase from last month of with a C/A ratio of 3.49% from .08%. The > C/A is a rough indicator of # days to cover short. The Float is 9.2 M as > reported by Yahoo. > > How would one interpret this. > > Chune > > Steve wrote: > > > > http://www.viwes.com/invest/shorts.html has short interest figures for > > NASDAQ stocks. Check it out. > > > > Steve ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] After mkt earnings (neg) surprises and trading Date: 29 Sep 1997 22:06:51 -0400 While several big caps reports bad earnings advisories during the trading day, including AET (Aetna), two important ones came after the close. Western Digital (WDC) announced they will miss analyst's estimates, forecasting 63 to 66 cents for Q1 compared to First Call estimates of 81 cents. It was down 5.5 pts in aftermarket trading. Ascend Coms (ASND) also reported it will miss for its Q3, expecting 18-20 cents compared to First Call estimate of 31 cents. It was still halted and apparently didn't trade in after mkt, but would expect a serious gap down on the open for both. ACTC (Applied Cellular) traded poorly during the regular session. After the close news was released on earnings on the Dow News Svc, however it was for ATCT, not ACTC, and the error was not caught for about an hour. Wonder if the poor trading may have been on misunderstood whispers?? BTW, ACTC doesn't report earnings till around November. Hope no one's holding cuz I'm hoping it tanks initially to around 7 and I can steal a few shares. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Economic Calendar, Week of September 29, 1997 Date: 29 Sep 1997 22:54:42 -0400 If we're lucky, I can type faster than half time of Monday Nite F/ball, as the calendar this week is lengthy. MONDAY Personal Income, for August, last was a revised up 0.2%, estimate was for up 0.5%, today's report at 0.6% Personal Spending, for August, last was up 0.8%, estimate for up 0.4%, actual was up 0.3% TUESDAY FOMC meeting, no action expected Consumer Confidence, for September, last was 129.1, expect 129.0 WEDNESDAY Purchasing Mgrs Survey (NAPM), for Sep, last was 56.8, est for 56.3 (I suspect the actual will beat expectations) Construction Spending, for August, last was up 0.5%, est for up 0.3%, I expect higher Leading Indicators, for August, last was up 0.3, est for up 0.2% THURSDAY Factory Orders, for August, last was up 0.2%, est for UP 1.5% (yeah, one and a half percent, can be a volatile report, but taken with several others, durable goods mfr is on the increase) Initial Jobless Claims, week to 9/27, last was 306K, est for 310K, but I expect it to be lower Money Supply (M2), week to 9/22, last was up $7.3 bil, est for up 7.0 bil FRIDAY Nonfarm payrolls (the biiiiiiggggggg one of the week), for September, last was up 49K new jobs, est is for an increase of 325K jobs (I think this may be a little too high, but will still show strong new employment) Unemployment Rate, for Sep, last was 4.9%, est for 4.8%, barring a major change (0.1% isn't major) this report won't mean too much Average Hourly Earnings, for Sep, last was $12.29, est for an increase to $12.33, this report is a component of the overall employment report and will be watched closely. A four cent increase won't be alarming, but be careful if it exceeds 5 cents or more. Gotta go, half time was faster than my typing skills. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Re. DG, et al Date: 30 Sep 1997 02:54:18 GMT On Mon, 29 Sep 1997 17:49:40 -0400 (EDT), you wrote: : ....:though, I'm asking: What does "HTMMIS" mean (You use it when referring to :WON's books). : How to Make Money in Stocks -- Wm J. O'Neil : :jans : ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Fw: Misonix Date: 30 Sep 1997 07:01:07 -0400 Apparently MSON has now hired Morgen-Welke for PR. From my past dealings with them, they are a professional, non-touting, PR firm. I will try to find out if they have any initial campaign planned, or will follow their usual procedure and add MSON to their regular PR mailing list. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: Misonix@aol.com > To: stkguru@netside.net > Subject: Re: Misonix > Date: Monday, September 29, 1997 12:53 PM > > Dear sir: > > For investor relations questions concerning Misonix, MSON please call: > Morgen-Walke Associates > David Walker/Cheryl Scnieder/ or Tessa Lavander, Inc. > Press: Michael McMullan > 212-850-5600 > > Best regards, > > Bob Lee ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] ECGOF Date: 30 Sep 1997 07:24:22 -0400 Don't remember who mentioned this one (American ECO) but now that I can again feed my chartaholicism, finally took a look at it. Not sure why it's a foreign stock since it is serving the southern part of USA for environmental remediation svcs. However, the CS stuff looks good (RS 89, EPS weak at 61 but last 4 qtrs earnings were up 100%, 54%, 25% and 43% and forecast for current year is 1.20, up 48% from last year's .81). A/D is A, issue is 13.1 mil shares with 2% funds position. Trailing PE is 14, adv is 465K, and chartwise appears to be nicely consolidating recent move from 10 to 14. Last 4 day's vol well under daily average, I would watch the vol for an early signal, then check price action. BTW, forgot to mention revenues also increasing nicely, last 4 qtrs up 250%, 50%, 13% and 125%. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Some new ones Date: 30 Sep 1997 08:21:17 -0400 Finally got started on my review of a few hundred charts, here's what I like so far (initial criteria was stocks under $20 hitting new highs, then looking at their CS qualifications): PTIS CADE (previously mentioned) LBFC SESI TRND PURW If I had the time, would throw in all the CS stuff, but got to get ready for my day job. Suffice it to say, when you check you will find they all have high RS, with EPS in the 70s or better, with other technicals like A/D also positive and with both earnings and revenues growth year to year. One thing I did notice is a lot of low priced stocks hitting new highs without being earnings or revenue driven. I suspect a lot of investor dollars is being thrown in just because the stocks are cheap, and without doing proper due diligence. This is one reason, I suspect, small caps have struggled in the past, investors buy a stock because it's cheap, then complain when it doesn't go up in value, and retreat to the safety of a big cap with proven earnings. Frankly I was surprised at the nr of low priced stocks that were hitting new highs with both revenues and earnings falling below the prior year qtrs. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Mike Lucero" Subject: RE: [CANSLIM] DG Online Date: 29 Sep 1997 18:39:25 UT I got the following on Thursday. I guess they had trouble getting it back up. "We will be conducting maintenance work to Daily Graphs Online's hardware, so the service will be unavailable on Saturday, September 27th from 5-8pm (Pacific Sta ndard Time). We apologize for the disruption in service, and we appreciate your understanding in performing this scheduled work to the Daily Graphs infrastruct ure." Mike On Monday, September 29, 1997 3:37 AM, Tom Worley [SMTP:stkguru@netside.net] wrote: > Did any of the DG beta testers here get any notice of either DG > Online being down for the weekend or of it finally going > commercial? Did any get any notice of any other reason why it has > apparently not been available all weekend? I sent a query off to > Tech Support, but I don't expect a response till sometime today. > Even went thru a complete download of the software just in case > they had changed it and not updated the date of the version. Same > inability to connect, which suggests to me that the server is off > line. even tho IBD and the overall Daily Graphs servers appear to > be working fine. > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be interpreted as a recommendation > of any kind. I am a licensed (inactive) broker and an active > investor. All investors should do their own research prior to any > investment, especially one learned about on the Internet. Hopefully > my comments will better inform and educate all investors. > > tom w ------------------------------------------------------------------------------- From: Mike Lucero Subject: RE: [CANSLIM] Re. DG, et al Date: 29 Sep 1997 22:22:00 -0700 Jans, You can download Interquote from www.interquote.com for a free 30 day trial. Unfortunately, I don't think you can use it for scanning, but you use it after you've put stocks on your watch list. For "scanning" I've been using IBD's weekend review, and DG Online. I'm taking a look at Wall Street City's Prosearch, but I'm disappointed so far with it. Mike On Monday, September 29, 1997 2:50 PM, JANSI1AUG1@aol.com [SMTP:JANSI1AUG1@aol.com] wrote: > Tom, Gail and Mike, > > Tom-I can't get on DG either. I am an AOL user and it provides me with > Internet Access. I've written to DG before, and they say that AOL's IP > address changes each time, and some of the addresses AOL uses aren't useable > by DG. They wrote me Mon. 9/29 that this problem will be resolved by Monday > night. > > Gail-I've seen the abbreviation before, but I've never asked. Now, > though, I'm asking: What does "HTMMIS" mean (You use it when referring to > WON's books). > > Mike-That's a nifty scan-technique you use (ie scanning for hi volume > stocks just before the pivot point & using Interquote). I'm going to try it. > Does Interquote really let you scan for the fundamentals and technicals you > wish to scan for? What is Interquote's address? How do you pinpoint the > pivot point using a formula (ie. wouldn't the pivot point change for each > stock)? > > jans > > ------------------------------------------------------------------------------- From: MacMama&theLooneyTunesGang Subject: Re: [CANSLIM] Re. DG, et al Date: 29 Sep 1997 11:35:41 +0400 Mornin' Y'all! Running a tad behind so far this week. Been having some system config challenges that are taking up way too much time. Oh well, comes with the territory - you play, you pay - gotta love these machines! I found DG - I'd been there, just didn't realize what you were talking about till I went back. Can't use it just now - the challenge I mentioned is getting my dual platform running smoothly. Right now all my muscle is on the Mac side. Downloaded Pointcast. It is sweet! Thanks! Tim - Thanks so much for the evaluation. There are so many fine companies today, it seems the challenge is no longer to find a winner but rather to narrow the field to the really great performers. I took time to visit your site - WOW! I'm, impressed. (One of my life dreams - to become dive certified.) Jans - What does "HTMMIS" mean? How to Make Money is Stocks I dragged it back out last night. Amazing how much clearer it becomes once I've put my money on the table! Bill - Welcome to the group! It's comforting to know there's another greenie out there to keep me company! I took the plunge last week - FUN! Seems to pump life into all this paperwork once you become an owner. Tom - Thanks to you too for your analysis of JBIL and REAL. I'm having difficulty understanding when to avoid a stock that has shown steady performance vs buying one that jumps up and down, showing a smaller % increase over the same time period. I'm thinking it's in learning to project future behavior, knowing the LT uptrend may be about to fizzle under its own weight. But isn't that why we have splits? I'm studying the graphs as they relate to everyone's comments. It's a wonderful learning tool (being on this list). Thanks to all y'all! Dave - Investools is a favorite with me too 'cause the graphs can be printed and filed. Also I spend lots of time at http://www.dailystocks.com/ http://www.dailystocks.com/compare.html Peter, "But then again, I like cold toilet seats. " - gutsy type, huh? Gotta go make some $$ to feed my addictions. Later! Gail ------------------------------------------------------------------------------- From: bob gibson Subject: [CANSLIM] to watch long term Date: 30 Sep 1997 12:40:42 Clearnet Comm. (CLNTF) cs nrs not good, eps 1, rs 83 a/d A. Co. PR news coming out almost daily. Losing money for a long time. Recently spreading its service all over Canada (home) and US via nextel and sprint. Digital wireless and cellular, with low cost roaming. Could be worth watching long term (next yr?) and finding low pivot point. Bob ------------------------------------------------------------------------------- From: "William Sloan" Subject: [CANSLIM] ECGOF Date: 30 Sep 1997 16:37:21 PDT Hi to all. It was me than mentioned I, being completely uninformed, new to this but having read WOM made my first plunge in the market with American Eco. Thought it looked good - maybe through ignorance/bliss/beginners luck will work out. Re super-ultra stock guru Tom in your private message to me on attorneys - remember word of mouth is the best way. There are lots of flakes practising law but a few of us to a good job and put the client first. Guess the same might be said for stockbrokers, car mechanics and physicians for sure. Good luck to everyone. Bill ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com ------------------------------------------------------------------------------- From: "Surindra J. Singh" Subject: [CANSLIM] daily graphs reply Date: 30 Sep 1997 19:48:33 -0400 Re: DAILYGRAPHS REGISTRATION Date: Tue, 30 Sep 97 17:06:46 +0000 From: Techsupport To: "Surindra J. Singh" (by way of Customer Service ) We have been experiencing some problems with ATT recently. We expect to have these problems corrected by the end of the week. Daily Graphs Online At 08:36 AM 9/30/97 -0700, you wrote: >I tried to register again as I was unable to log on the daily graphs. I do >not know why lately the service is just not available. If you start >charging, you better fix it first. > >Surindra Singh > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] Economics, Bad News, and other stuff Date: 30 Sep 1997 23:16:10 -0400 No surprise, FOMC meeting resulted in no action. The consensus estimate for tomorrow's NAPM report was raised slightly from 56.3 to 56.5 (still a slight drop from last month, but still shows expansion) One of today's big losers: IMNT, down about 20% - troubling is that there appears to have been no warning to permit CANSLIMers to dodge this bullet. More encouraging - Of today's neg preannouncements after the close that I happened to note, all three have charts that would have driven most CANSLIMers out of them and saved at least some of the current (and likely tomorrow) losses: AMD, HDCO (surprised at this one, took it off my monitor and hadn't looked at it in about a month), and IKOS. AMD was apparently halted for after mkt trading, but suspect it will be hammered on the open, advised that losses will be greater than First Call estimates of 8 cents due shortfall on sales of its new chip. HDCO advised expects earnings of 74-85 cents vs F/C's est of 94 cents. And IKOS expects 5 cents vs F/C est of 22 cents. And the losers from after mkt news yesterday, WDC and ASND, traded as expected and their charts also should have shooed any CANSLIMer away some time ago. Looking at some of these charts is a good reminder that three recent lower lows (if you really need that many to convince you) is one strong argument in favor of cutting losses and not asking why. In aftermkt trading, TXN lost over two pts with no news. May be a reaction to AMD's news. Other tech stocks also weak, with INTC, SUNW, and DELL all losing a fraction. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------------------------------------------------------- From: "Tom Worley" Subject: Re: [CANSLIM] to watch long term Date: 30 Sep 1997 23:24:41 -0400 Bob, One concern, aside from what you already pointed out, that I would have with this one is that the losses are increasing pretty rapidly despite a growth in revenues. I would expect (and want) to see the exact opposite to give this consideration. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ---------- > From: bob gibson > To: canslim@mail.xmission.com > Subject: [CANSLIM] to watch long term > Date: Tuesday, September 30, 1997 8:40 AM > > Clearnet Comm. (CLNTF) cs nrs not good, eps 1, rs 83 a/d A. Co. PR news > coming out almost daily. Losing money for a long time. Recently spreading > its service all over Canada (home) and US via nextel and sprint. Digital > wireless and cellular, with low cost roaming. Could be worth watching long > term (next yr?) and finding low pivot point. > Bob > ------------------------------------------------------------------------------- From: "Tom Worley" Subject: [CANSLIM] SMCI (Simulation Sciences) Date: 30 Sep 1997 23:22:41 -0400 Spotted this one as one of my brokers bot it today (one of the advantages working in the back office, I see every trade, which means I have a dozen people watching stocks for me, just have to decide which ones got brains!!). Got some possibilities, RS 85, EPS 75, A/D A, 10.2 mil shares outstanding with funds already owning 25%. Full year forecast is for earnings of .62 (did .29 thru six months) which is up 94%. Last 4 qtr revenues have been up 25-46%. Two week base at 18, with breakout Friday and follow thru today to new high closing 19.69. Good vol on both days exceeding two times ADV. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w