From: canslim-owner@xmission.com (canslim Digest) To: canslim-digest@xmission.com Subject: canslim Digest V1 #109 Reply-To: canslim@xmission.com Sender: canslim-owner@xmission.com Errors-To: canslim-owner@xmission.com Precedence: canslim Digest Monday, March 17 1997 Volume 01 : Number 109 In this issue: Re: [CANSLIM] NUSFX closes up shop re: [CANSLIM] NUSFX closes up shop [CANSLIM] ESIO - Electro Scientific [CANSLIM] NOT Canslim - Neural Net Site Re: [CANSLIM] ESIO - Electro Scientific [CANSLIM] Nasdaq M - STIX [CANSLIM] So what happened to out group? Re: [CANSLIM] So what happened to out group? Re: [CANSLIM] So what happened to out group? [CANSLIM] ESOL Down in After-Hours Trading Re: [CANSLIM] ESOL Down in After-Hours Trading Re: [CANSLIM] ESOL Down in After-Hours Trading [none] [CANSLIM] I'm baaaccckkkk!!! Re: [CANSLIM] I'm baaaccckkkk!!! Re: [CANSLIM] I'm baaaccckkkk!!! RE: [CANSLIM] I'm baaaccckkkk!!! [CANSLIM] can slim for Canada? Re: [CANSLIM] ESOL Down in After-Hours Trading Re: [CANSLIM] So what happened to out group? Re: [CANSLIM] So what happened to out group? Re: [CANSLIM] NUSFX closes up shop Re: [CANSLIM] Off Air/sector declines Re: [CANSLIM] Barrons article on momentum investing [CANSLIM] vaious lists Re: [CANSLIM] Archives Info ***Repost*** Re: [CANSLIM] vaious lists Re: [CANSLIM] NUSFX closes up shop Re: [CANSLIM] can slim for Canada? Re: [CANSLIM] I'm baaaccckkkk!!! Re: [CANSLIM] can slim for Canada? Re: [CANSLIM] NUSFX closes up shop See the end of the digest for information on subscribing to the canslim or canslim-digest mailing lists and on how to retrieve back issues. ---------------------------------------------------------------------- Date: Thu, 13 Mar 1997 00:06:39 -0500 (EST) From: Zoran Mitrovski Subject: Re: [CANSLIM] NUSFX closes up shop mike wrote: > see today's IBD, the short note at the end of the "making money > in mutuals" section Good catch, mike. > this fund was CANSLIM all the way, run by david ryan, william > o'neil's very own right hand man -- i wouldn't call this action > exactly a vote of confidence in CANSLIM at this market juncture > > i dunno, maybe o'neil's found out that it's easier to sell > newspapers -- or maybe ryan's being given the old heave ho -- > or maybe o'neil's just decided to once again cater mainly to > institutional clients -- i don't mean to sound antagonistic, > but o'neil and co sure didn't ingratiate retail by eliminating > the volume tables (totally w/o warning) from the IBD website -- > an action like that seems to speak volumes about how the company > really regards the little guy So I'm not quite sure I understood what they said. This means there's no more NUSFX and David Ryan ceases to manage it, right? Interesting. There's no such thing as "regard" in business, mike. One shouldn't really expect to be "regarded" as anything apart from just another source of income to the rest of the world (except for your closest family and friends). I'm sure they didn't start NUSFX out of their warm feelings towards the small guy. As far as I am concerned it was just another way to cash in on the popularity of CANSLIM and IBD, and perhaps they planned to use it to show to the public that their method actually CAN produce real results thus attracting more subscribers to IBD, DG and what not. And there's nothing wrong with all that, too. I, being a part of that public, did indeed watch it and THIS is what I see. It is on each of us to decide for ourselves on the quality of the (parts of the) products we are paying for. There's no religion out there hence blind belief shouldn't exist either. > frankly, i wouldn't think NUSFX likely to have much retail money > under management anyway -- i think even ryan has said that CANSLIM > is geared much more to the individual investor than the fund behemoth -- > and since HGS have been in the dumpster for 3/4ths of a year, no hot > money's likely to go there -- even more so since the fund sported > a 5% front load, a 1% 12b-1 fee and a 2.69% expense ratio, good grief! Absolutely fabulous! I never expected browsing DG and IBD, looking for cups and bases, calculating % volumes, and deciding that 95>90, could be paid so handsomely. ;^) > mike Cheers, Zoran ------------------------------ Date: Thu, 13 Mar 1997 00:42:00 -0500 From: Michael A Langston Subject: re: [CANSLIM] NUSFX closes up shop > So I'm not quite sure I understood what they said. assets being folded into another fund => NUSFX will be a goner >> ...eliminating the volume tables (totally w/o warning)...seems to >> speak volumes about how the company really regards the little guy > There's no such thing as "regard" in business, mike. of course there is zoran -- and successful companies damn well know it but i think you probably misunderstand the use of the word in this context -- one may be regarded highly, as o'neil and co surely do their institutional clients -- or, to move to the other end of the spectrum, one may be regarded as a mere schmuck (and, alas, i think evidence suggests that o'neil and co just may regard their IBD and DG retail subscribers this way) hey, at least it's nice to have a reasonably clear picture of your place in the o'neil and co universe! > I'm sure they didn't start NUSFX out of their warm feelings... > There's no religion out there hence blind belief shouldn't exist either. i'm lost here zoran, but nevermind -- hey, you're not smoking those funny cigarettes tonite are you? -- just kidding!! >> a 5% front load, a 1% 12b-1 fee and a 2.69% expense ratio, good grief! > Absolutely fabulous! I never expected browsing DG and IBD, looking for > cups and bases, calculating % volumes, and deciding that 95>90, could be > paid so handsomely. ;^) yea, i wonder who was paying such a tariff -- maybe some of the same folks who invest with stedman :) mike ------------------------------ Date: Thu, 13 Mar 1997 10:48:40 -0600 From: jeff@scrooge.idec.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] ESIO - Electro Scientific Fellow CANSLIM'rs, I ran across an ESIO's chart today. Looks like a cup and handle forming (although the chart is not as tight as one would like). I only have access to IBD a week-old IBD: EPS = 77 (a bit low) RS = 84 ACC/DIST = B Funds = 34 Float = 8.2 If someone could fill in the gaps with DG, I would appreciate it. Also, I would appreciate comments (from anyone so inclined) regarding the chart. Jeff ------------------------------ Date: Thu, 13 Mar 1997 14:06:36 -0500 (EST) From: Craig Griffin Subject: [CANSLIM] NOT Canslim - Neural Net Site Here is an interesting site I have had my eye on for a while. His neural network seems to be doing a fine job. It has been trained on data going back to 1991 only, so I do not think there is much experience in the database with corrections much greater than 10%. But it does a great job of buying the dips. High numbers of very short term (average 7 days) trades. 65% ROI based on 250 trades over last few months. http://www.flash.net/~hesler/ ------------------------------ Date: Thu, 13 Mar 1997 19:02:39 -0500 From: Craig Griffin Subject: Re: [CANSLIM] ESIO - Electro Scientific ESIO info from DG: 5 year earnings history: 92 -1.00A 93 .37 94 .99 95 1.53 96 2.32 97 2.10 Est -9% 98 2.35 Est +12% Last 4 qtrs: Feb 29,96 .61 vs .39 +56% May 31,96 .63 vs .43 +47% Aug 31,96 .51 vs .51 +0% Nov 30,96 .53 vs .57 -7% FYE = May EPS due 3/19 ADV = 73,400 ERG = 76/72/78 Shrs out = 8.7 mil Float = 8.2 mil Leaders in group: CYMI, LSCP, IIVI Manufactures advanced laser systems used in the mfg of microelectronic components. News 1/97: Co. is comfortable with earnings estimates of $.55 per share in fiscal 3rd qtr (Feb 97) Funds - 42%, 15% u/d = 1.5 Acc/Dist = C Debt 0% 2.09 x book value ------------------------------ Date: Thu, 13 Mar 1997 21:36:58 -0500 From: Derek B Subject: [CANSLIM] Nasdaq M - STIX Update on the Nasdaq Advance / Decline STIX indicator: I normally update on the weekend, but due to recent action, I have updated the Nasdaq STIX graph at: http://www.geocities.com/WallStreet/7422/STIXNDQ.gif Important support (Oct. & Dec. '96) at 46.08 is fast approaching. Regression analysis suggests that this support will be tested next week. If declines continue to outpace advances on the Nasdaq, we may test support as early as tomorrow. As I indicated in an earlier post, I will consider a significant breach of support on a closing basis reason to start lightening my long positions. Derek ------------------------------ Date: Thu, 13 Mar 1997 19:44:06 -0800 From: "John Iding" Subject: [CANSLIM] So what happened to out group? Where is everybody? Tom? Seems like group disintegrated overnight .... I need my fix .... what gives? John ------------------------------ Date: Fri, 14 Mar 1997 04:57:05 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] So what happened to out group? On Thu, 13 Mar 1997 19:44:06 -0800, you wrote: :Where is everybody? Tom? Seems like group disintegrated overnight .... I :need my fix .... what gives? John Ya know, I was wondering the same thing myself. I was almost sure majordomo was down or cantankerous or something. Then I remembered (or stumbled across) Tom's note to the newsletter explaining that he was upgrading to a new system and quite nervous that he would be "down" for a spell. I think he must be having "technical difficulties" and that we will hear from him soon. Dan Here's Tom's *last* note: To: "CANSLIM" Subject: [CANSLIM] Possible Off Air =46rom: "tom worley" Date: Fri, 7 Mar 1997 22:27:14 -0500 Tomorrow, I am upgrading my very overloaded 200 meg drive (compressed out to over 500) to a new Maxtor 2.6 gigs and upping my ram from 8 to 20 megs (god I'm getting old, still remember running a 7 station net off a 20 meg drive total), so if you don't hear from me for awhile, you will know the upgrade downgraded my access. Otherwise, I intend to put together another summary of the week and post this weekend, early I hope. Just a couple quick thoughts in case I don't make it back online (yeah, I'm being a pessimist since my son the computer tech is doing it, I will be the nervous one hovering over his shoulder watching every move). snip snip tom w as always, just OMHO and strictly my own views and not that of my employer ------------------------------ Date: Fri, 14 Mar 1997 00:40:53 -0800 From: pwahl@postoffice.worldnet.att.net Subject: Re: [CANSLIM] So what happened to out group? > > Where is everybody? Tom? Seems like group disintegrated overnight .... I > need my fix .... what gives? John Maybe the level of activity from the group is a good reading on the M(arket) part of Canslim. Pretty quiet means a bad market and no one has any stock selections? I sure don't anyway. ------------------------------ Date: Fri, 14 Mar 1997 08:53:18 -0800 From: "Mike Artobello" Subject: [CANSLIM] ESOL Down in After-Hours Trading I got the following from Yahoo Qoutes: NEW YORK, March 14 (Reuter) - Stocks to watch this morning: * Employee Solutions Inc said Friday it expected fiscal fourth quarter earnings to fall below analysts' estimates. The warning came the morning after the company delayed the release of its financial results. Employee Solutions closed at 15-3/8 Thursday, down 4-1/2, then collapsed after the bell when the delay in reporting results was announced. The shares plummeted 5-3/8 to 10 in after-hours trading. I'm currious about the after-hours trading comment. Can someone explain after-hours trading? Does this mean we can trade stocks after the market closes? Do orders get filled during this time or do they wait for the market to open again? Can all stocks be traded after-hours? How does one know what goes on after-hours, are there quote services available? It seems you could taken a beating after the market closes. Sure glad I don't own this stock :-) Regards, Mike - ----------------------------------------------------------- Mike Artobello marto@ccnet.com http://www.ccnet.com/~marto/ - ----------------------------------------------------------- ------------------------------ Date: Fri, 14 Mar 1997 12:33:56 -0800 From: pwahl@postoffice.worldnet.att.net Subject: Re: [CANSLIM] ESOL Down in After-Hours Trading > From: "Mike Artobello" > I got the following from Yahoo Qoutes: > > NEW YORK, March 14 (Reuter) - Stocks to watch this morning: > > * Employee Solutions Inc said Friday it expected fiscal fourth quarter > earnings to fall below analysts' estimates. The warning came the > morning after the company delayed the release of its financial > results. > > Employee Solutions closed at 15-3/8 Thursday, down 4-1/2, then > collapsed after the bell when the delay in reporting results was > announced. The shares plummeted 5-3/8 to 10 in after-hours trading. It is now trading at around 6, so it gapped down even further overnight, another good lesson in why we use an 8% stop. ESOL was at 28 about two weeks ago. > > I'm currious about the after-hours trading comment. Can someone > explain after-hours trading? Does this mean we can trade stocks > after the market closes? Do orders get filled during this time or do > they wait for the market to open again? Can all stocks be traded > after-hours? How does one know what goes on after-hours, are there > quote services available? Don't know a lot about the after hours stuff, but at this point I believe it is only available to institional investors. It is called Instinet. In a case like ESOL, access to it would have allowed you to bail out of ESOL, but I think ESOL still would have opened somewhere near where it did, that is it still would have gapped down even had it not traded overnight. ------------------------------ Date: Fri, 14 Mar 1997 20:58:31 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] ESOL Down in After-Hours Trading Yes, I noticed the precipitous fall of this stock, and read a news item or two on it this morning. It's been down around 60% all day. Management claims that their tardiness in reporting is due to the complications involved in 7 or 8 acquisitions they have made, if I recall. It's hard to guess how this will play out, but I wouldn't think to bet on it without feeling I knew some whys and wherefores. Dan On Fri, 14 Mar 1997 08:53:18 -0800, you wrote: :I got the following from Yahoo Qoutes: : : NEW YORK, March 14 (Reuter) - Stocks to watch this morning:=20 : : * Employee Solutions Inc said Friday it expected fiscal fourth = quarter : earnings to fall below analysts' estimates. The warning came the : morning after the company delayed the release of its financial : results.=20 : : Employee Solutions closed at 15-3/8 Thursday, down 4-1/2, then : collapsed after the bell when the delay in reporting results was : announced. The shares plummeted 5-3/8 to 10 in after-hours trading.=20 : :I'm currious about the after-hours trading comment. Can someone :explain after-hours trading? Does this mean we can trade stocks :after the market closes? Do orders get filled during this time or do :they wait for the market to open again? Can all stocks be traded :after-hours? How does one know what goes on after-hours, are there :quote services available?=20 : :It seems you could taken a beating after the market closes. Sure :glad I don't own this stock :-) : :=20 : :Regards, : :Mike=20 :----------------------------------------------------------- :Mike Artobello=20 :marto@ccnet.com=20 :http://www.ccnet.com/~marto/ :----------------------------------------------------------- ------------------------------ Date: Sat, 15 Mar 1997 09:17:07 -0800 (PST) From: " S Menon" Subject: [none] Hi Everybody, I am new to this list. Jeff was kind enough to send me the bounced mail and give details to get me subscribed to the list. Thanks Jeff! I have been succesfull with canslim method of investing in the past couple of months. I am not a short term investor, so I usually don't buy at the first peak. I usually confirm the volume with several block trades. I am very happy to find this mailing list. My pick three days ago was HOT (Starwood Lodging....). Only the high p/e bothers me a little bit. What do you think ? Thanks everyone Thanks Jeff. Th - --------------------------------------------------------- Get Your *Web-Based* Free Email at http://www.hotmail.com - --------------------------------------------------------- ------------------------------ Date: Sat, 15 Mar 1997 22:22:00 -0500 From: "Tom Worley" Subject: [CANSLIM] I'm baaaccckkkk!!! As always, Murphy's Law prevails (why did I have the audacity to think it would be any different for me???) As I feared, my upgrade turned into a severe and frustrating downgrade. I'm back on the net as of Saturday night after a lot of software downloads and reinstalls. In the process, I have lost my address book, among other items, as well as all my "saved" past emails. The worst of this is all my private and public "mkt comments" which I had stupidly failed to print out. If I seem a little disjointed in responding, I apologize. Had only 78 emails waiting when I finally got back on, had expected much more, esp from this group. Will review and respond offline, but will have answers out by Sunday night. In meantime, my overall comment (and believe me it has been frustrating this past week not being able to get on the net) is that we are seeing a short term mkt top/correction. Money flow to funds is skewed to the money mkts, equity funds are not yet showing a net loss of money, however they are invested far more than their historic average, so if redemptions pick up, expect a lot of them to be sellors. Virtually every leadership group is showing signs of failing, or at least serious profit taking. PPI nrs on Friday reduce the odds of a March rate hike, but I still give it at least a 50/50 shot. glad to at least be back, withdrawal panges were severe. tom w ------------------------------ Date: Sat, 15 Mar 1997 23:51:22 -0600 From: "Richard S." Subject: Re: [CANSLIM] I'm baaaccckkkk!!! Welcome back Tom. This group has been a little slow lately, probably because a lot of us(me) are pretty disgusted with market/individual stock performance. Right now I'm about 80% cash and would be 100% if I could get my 3 remaining stocks to start rising. Again, welcome back. 8080,0000,0000<< Richard S. > ------------------------------ Date: Sat, 15 Mar 1997 22:48:33 -0800 From: "Mike Artobello" Subject: Re: [CANSLIM] I'm baaaccckkkk!!! Tom, Welcome back! We missed you. I guess this advice is a little late but you should always take regular backup's of your critical files, especially before a major upgrade. I have a tape backup system and do a full backup about once a quarter and incremental backups every few weeks. It's time consuming, but it's worth it. The market's been pretty bad lately and there's not many good Canslim stocks out there right now, which probably explains why the list has been so quiet. I made a post the other day on ESOL's fall in after hours trading and was hoping you could respond to my questions. No hurry, though, I realize you have some catching up to do. Again, welcome back! Regards, Mike - ----------------------------------------------------------- Mike Artobello marto@ccnet.com http://www.ccnet.com/~marto/ - ----------------------------------------------------------- ------------------------------ Date: Sun, 16 Mar 1997 07:01:23 -0800 From: David Hoelscher Subject: RE: [CANSLIM] I'm baaaccckkkk!!! Welcome back, Tom! > as well as all my "saved" past emails. The worst of this is all my private > and public "mkt comments" [...] I'm fairly certain that I have every single private "Market Comments" e-mail that you sent, and you should be able to find the public ones in the archive. Shall I forward them back to you? I may need a few days to find them all -- I'm still approaching the end of a busy work schedule. - -davidhoe ------------------------------ Date: Sun, 16 Mar 1997 13:23:45 -0500 From: Claude Baril Subject: [CANSLIM] can slim for Canada? Greetings, I am Claude Baril, from Montreal, Canada, and a newcomer to this list. My RRSP is currently fully invested in mutual, and I want to invest a small part of it (at the beginning!) in Canadian stocks. I read M. O'Neil's book carefully, but cannot find canadian data to implement the methodology. Any advice, hint, pointer to FAQ or help would be appreciated :) Thanks in advance Claude ------------------------------ Date: Sun, 16 Mar 1997 12:58:40 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] ESOL Down in After-Hours Trading The real problem with ESOL is not the delay in reporting, it is the suggestion that they have been using "creative accounting" in which they are not setting aside a sufficient reserve for workmen's comp claims from their revenues. They are WAY below industry norms in this regard, the announced delay in earnings report was just the "shot across the bow" which allowed many, including O'Neill I bet (if he followed his rules) to get out before the second crash. After mkt trading consists of several varieties. On the NYSE, there are two formal sessions which are essentially crossing sessions, using the closing price as the guide, in which buyers and sellers exchange cash for stock. Several exchanges, the Pacific in particular, remain open later than the NYSE, however spreads are huge and you must be very motivated to trade there. Some OTC broker dealers also remain open after the close, using Instinet or Selectnet for trading. Stocks traded there are typically the most liquid (like INTC) or those with late breaking news. I don't know if there is any internet access to after mkt trading, but an individual investor can certainly participate thru a legitimate broker dealer. I have executed a few "after mkt" trades, but as I said you must be very motivated to do the trade as liquidity is not there. tom w - ---------- > From: Mike Artobello > To: canslim@mail.xmission.com > Subject: [CANSLIM] ESOL Down in After-Hours Trading > Date: Friday, March 14, 1997 11:53 AM > > I'm currious about the after-hours trading comment. Can someone > explain after-hours trading? Does this mean we can trade stocks > after the market closes? Do orders get filled during this time or do > they wait for the market to open again? Can all stocks be traded > after-hours? How does one know what goes on after-hours, are there > quote services available? ------------------------------ Date: Sun, 16 Mar 1997 12:49:10 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] So what happened to out group? I like to think the lack of email suggests a confusion factor, which should be addressed by more discussion, not less. Money can still be made in a bad mkt. tom w - ---------- > From: pwahl@postoffice.worldnet.att.net > To: canslim@xmission.com > Subject: Re: [CANSLIM] So what happened to out group? > Date: Friday, March 14, 1997 3:40 AM > > Maybe the level of activity from the group is a good reading on the > M(arket) part of Canslim. Pretty quiet means a bad market and no > one has any stock selections? I sure don't anyway. > ------------------------------ Date: Sun, 16 Mar 1997 12:47:15 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] So what happened to out group? Eight days without internet access, esp email, is killing me. By now, I should be spewing out lots of email, but so much of it is now historic. Major withdrawal syndrome. will try to put together a weekly review at least. tom w - ---------- > From: John Iding > To: canslim@mail.xmission.com > Subject: [CANSLIM] So what happened to out group? > Date: Thursday, March 13, 1997 10:44 PM > > Where is everybody? Tom? Seems like group disintegrated overnight .... I > need my fix .... what gives? John > > ------------------------------ Date: Sun, 16 Mar 1997 13:48:30 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] NUSFX closes up shop having participated in this fund since inception, I have taken something of a paternal interest in it both due my CANSLIM bias as well as looking after the interests of my clients. What turned out to be the biggest mistake was the fund being able to be as much as 50% in cash (unlike typical funds that have to be 95% invested) and the inability to short the mkt. As a result, Ryan missed a major move in the market in '94 or '95 (I forget which) because he was convinced the mkt would tumble and was in cash. This is not apparently a "dumping" of Ryan, since he will remain with O'Neill's organization. The fund has not done badly, up 62% over the past three years which puts it slightly ahead of industry norms despite the limitations under which it must operate. The real issue in "selling off" this fund appears to be asset accumulation. Altho the first year resulted in growth to $285 million, by the third year it was down to $183 mil, and by the end of '96 was only back to $211 mil. Rolling this into the MFS Emerging Growth Fund is not a bad move for shareholders, since that fund has risen 66% over the past 3 years, even tho its more recent performance has not been that good. I think O'Neill has found the administrative cost and effort of running a fund is greater than the benefit (return) of serving institutional clients. tom w - ---------- > From: Michael A Langston > To: canslim@mail.xmission.com > Subject: [CANSLIM] NUSFX closes up shop > Date: Wednesday, March 12, 1997 10:04 PM > > this fund was CANSLIM all the way, run by david ryan, william > o'neil's very own right hand man -- i wouldn't call this action > exactly a vote of confidence in CANSLIM at this market juncture > > i dunno, maybe o'neil's found out that it's easier to sell > newspapers -- or maybe ryan's being given the old heave ho -- > or maybe o'neil's just decided to once again cater mainly to > institutional clients -- i don't mean to sound antagonistic, > but o'neil and co sure didn't ingratiate retail by eliminating > the volume tables (totally w/o warning) from the IBD website -- > ------------------------------ Date: Sun, 16 Mar 1997 13:50:51 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Off Air/sector declines I don't know of a simple formula to differentiate between "profit taking" and "sector decline". What I look at is very recent performance (very recent due the current volatility defined as last several days) and try and judge whether a sector or stock was oversold. If so, and it "bounces" back then stalls, I define that as profit taking. I also look at what is happening with the entire group. With the networking group, there was clear evidence of a slowing of the growth rate, as well as a sector wide selloff. Following that, there was a sector wide rally (bounce), followed by another selloff (which I chose to describe as a profit taking phase for those that chose to play the bounce or had not already sold). The lower highs clearly suggests this sector is still in trouble, is not a leadership group, and should only be traded for quick bounce plays. On the other hand, many in this group have substantial short positions, and value players will be saying "hey, this stock was $80 just a few months ago and now it is $30, so it must be worth buying". tom w - ---------- > From: pwahl@postoffice.worldnet.att.net > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Possible Off Air > Date: Sunday, March 09, 1997 12:07 AM > > > From: "tom worley" > > > Networking groups fell today, looked more like profit taking than anything > > else. Same with rest of techs for that matter. Financials did well due > > How do you differentiate between profit taking and a general sector > decline. ------------------------------ Date: Sun, 16 Mar 1997 13:03:46 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Barrons article on momentum investing When mutual funds enjoy a continuous net inflow of funds, it's hard to pick a fund that doesn't go up. Right now, I believe we are experiencing a correction, and altho funds are still investing more than their historic norms, the bulk of new money, as well as proceeds from sales, is flowing into money mkts. Also with interest rates approaching 7%, bond funds become more attractive. We are at a point where cash is sitting on the sidelines. There will become a point where it will go back to work, but it's not happening right now. tom w - ---------- > From: Derek B > To: canslim@mail.xmission.com > Subject: [CANSLIM] Barrons article on momentum investing > Date: Saturday, March 08, 1997 11:41 AM > > "Didn't momentum investing used to work? It seems like just yesterday > you could pay almost anything for a company, and as long as its earnings > kept growing smartly, its stock price would move dutifully higher. ------------------------------ Date: Sun, 16 Mar 1997 11:47:41 -0800 From: ladypi Subject: [CANSLIM] vaious lists I received instructions regarding getting to the various lists but can't seem to send an e-mail to these lists.For instance,if I wanted to see how to find various members, what exactly would I put in the e-mail address to do that?Also I have a canslim bookmark but this only introduces the list,no actual files.Is that correct,is there no other site? - -- Judy North e-mail: ladypi@teleport.com ladypi@hotmail.com jnorth@teleport.com FREE LANCE INVESTIGATIONS of Portland 12175 SW 2nd Ave. Beaverton, Oregon 97005 503-643-4274 (4API)(phone) 503-643-5474 (fax) *1-888-4ladypi* http://www.teleport.com/~jnorth/index.html Located in the city of roses, Portland, Oregon. The Pacific Northwest source for information and investigation. On-line data resources, global contacts. Criminal/employment background checks; process serving; all around investigations ------------------------------ Date: Sun, 16 Mar 1997 15:24:31 -0500 (EST) From: Craig Griffin Subject: Re: [CANSLIM] Archives Info ***Repost*** I will be reposting this to the group every so often with the same title so you can easily hit the delete key when you have read it once. This is a standard repost to notify newcomers to the existence of the CANSLIM list serve archives. It serves in lieu of a FAQ to allow you get up to speed with the group in some respects. Thanks again to Jeff Salisbury for providing the list server. 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. ------------------------------ Date: Sun, 16 Mar 1997 16:40:06 -0800 From: Hemant Rotithor Subject: Re: [CANSLIM] vaious lists ladypi wrote: > e-mail: ladypi@teleport.com > ladypi@hotmail.com > jnorth@teleport.com > > FREE LANCE INVESTIGATIONS > of Portland > 12175 SW 2nd Ave. > Beaverton, Oregon 97005 > 503-643-4274 (4API)(phone) > 503-643-5474 (fax) > *1-888-4ladypi* > http://www.teleport.com/~jnorth/index.html > > Located in the city of roses, Portland, Oregon. > The Pacific Northwest source for information and > investigation. On-line data resources, global contacts. > Criminal/employment background checks; process serving; > all around investigations Somebody on this list committing fraud? :-) ------------------------------ Date: Sun, 16 Mar 1997 19:14:04 -0500 (EST) From: Zoran Mitrovski Subject: Re: [CANSLIM] NUSFX closes up shop Tom wrote: > having participated in this fund since inception, I have taken something of > a paternal interest in it both due my CANSLIM bias as well as looking after > the interests of my clients. What turned out to be the biggest mistake was > the fund being able to be as much as 50% in cash (unlike typical funds that > have to be 95% invested) and the inability to short the mkt. As a result, > Ryan missed a major move in the market in '94 or '95 (I forget which) > because he was convinced the mkt would tumble and was in cash. This is not > apparently a "dumping" of Ryan, since he will remain with O'Neill's > organization. Do you know this for a fact? > The fund has not done badly, up 62% over the past three years > which puts it slightly ahead of industry norms despite the limitations > under which it must operate. What limitations? The cash rule looks more like an added flexibility, while not being able to short a bull market such as this one doesn't look like a limitation either. > The real issue in "selling off" this fund appears to be asset accumulation. > Altho the first year resulted in growth to $285 million, by the third year > it was down to $183 mil, and by the end of '96 was only back to $211 mil. > Rolling this into the MFS Emerging Growth Fund is not a bad move for > shareholders, since that fund has risen 66% over the past 3 years, even tho > its more recent performance has not been that good. I think O'Neill has > found the administrative cost and effort of running a fund is greater than > the benefit (return) of serving institutional clients. Well why else would he close the fund. I guess the total fees + load of 8.9% was not enough to pay for the administration of the fund? What couldn't they possibly buy for $19 million/year (8.9% from $211 mil.)? > tom w Cheers, Zoran ------------------------------ Date: Sun, 16 Mar 1997 14:00:55 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] can slim for Canada? Welcome to the group, Claude. It's difficult to find "canadian" stocks on the CANSLIM criteria, partially because so many are considered manipulated. No offense, but Vancouver has done a lot of damage. Those CA stocks listed on NASDAQ have a chance, but there are many like myself that won't touch a Canadian stock regardless. I would suggest expanding your horizons and look at the entire marketplace. Obviously, if you have personal knowledge of a particular Canadian company, then you have to consider that, but if the buyers of the shares aren't out there, then the fundamentals won't translate into higher prices. tom w - ---------- > From: Claude Baril > To: canslim@mail.xmission.com > Subject: [CANSLIM] can slim for Canada? > Date: Sunday, March 16, 1997 1:23 PM > > Greetings, > > I am Claude Baril, from Montreal, Canada, and a newcomer to this list. > > My RRSP is currently fully invested in mutual, and I want to invest a small > part of it (at the beginning!) in Canadian stocks. > ------------------------------ Date: Sun, 16 Mar 1997 20:05:12 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] I'm baaaccckkkk!!! What's the fable about the shoemaker's kids going barefoot? Yeah, I know, I should have had a backup, but I had so much stuff on the drive, it would have taken so much time and so many floppies, etc etc etc. I did actually consider buying a tape drive and doing a competent backup, but ..... Oh well, I'm kinda back, but still feeling a little befuddled and confused. Then again maybe that's just the shock effect setting in from the mkt. The key to me right now is sell the dogs. If it ain't performin' kick it out. This is a nasty time, and you gotta be tough. Get rid of anything below expectation or late in reporting, ESOL being a classic example. There are very few picks where good formations show, or even the 50DMA is crossing the 200DMA to the upside (AOL being one of the few recent examples). And who would have bet on such a badly managed co as AOL? tom w - ---------- > From: Mike Artobello > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] I'm baaaccckkkk!!! > Date: Sunday, March 16, 1997 1:48 AM > > Welcome back! We missed you. I guess this advice is a little late but > you should always take regular backup's of your critical files, especially > before a major upgrade. I have a tape backup system and do a full > The market's been pretty bad lately and there's not many good Canslim > stocks out there right now, which probably explains why the list has > been so quiet. I made a post the other day on ESOL's fall in after ------------------------------ Date: Sun, 16 Mar 1997 20:32:21 -0500 From: Claude Baril Subject: Re: [CANSLIM] can slim for Canada? At 14:00 03/16/97 -0500, Tom Worley wrote: >Welcome to the group, Claude. >It's difficult to find "canadian" stocks on the CANSLIM criteria, partially >because so many are considered manipulated. No offense, but Vancouver has >done a lot of damage. Those CA stocks listed on NASDAQ have a chance, but >there are many like myself that won't touch a Canadian stock regardless. I >would suggest expanding your horizons and look at the entire marketplace. Thanks for your reply, Tom. As these investments are within my RRSP, I must have 80% invested in canadian stocks (or mutual investing in 80% canadian stocks). I had no intention to touch any VSE stock :) Claude ------------------------------ Date: Sun, 16 Mar 1997 20:20:55 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] NUSFX closes up shop Sorry you're so skeptical that you can't take the "Professor's" word for it, but, yes, I know it for a fact. Having clients in the fund at the time, I called the fund several times and checked on the degree of investing vs cash. At the time, my firm also had an active account with O'Neill and our acct rep also confirmed the high cash position that Ryan was taking. The effect of the "limitations" I referred to are that had the fund been required to be nearly fully invested, then Ryan would have put the money into something, and at that time nearly everything including blue chips and cyclicals were rising faster than money mkts. Thus, almost anything was better than cash. Granted, his inability to short probably saved a major loss. I would challenge your math, the front end load (which I think is 5%) is paid out nearly entirely to the introducing brokerage firm. The maintenance fee of about 1.5% is all the fund actually nets. I have no idea where you come up with 8.9%. Cheers tom w - ---------- > From: Zoran Mitrovski > To: canslim@mail.xmission.com > Cc: Zoran Mitrovski > Subject: Re: [CANSLIM] NUSFX closes up shop > Date: Sunday, March 16, 1997 7:14 PM > > > the interests of my clients. What turned out to be the biggest mistake was > > the fund being able to be as much as 50% in cash (unlike typical funds that > > have to be 95% invested) and the inability to short the mkt. > > Do you know this for a fact? > > > which puts it slightly ahead of industry norms despite the limitations > > What limitations? The cash rule looks more like an added flexibility, while > not being able to short a bull market such as this one doesn't look like > a limitation either. > > Well why else would he close the fund. I guess the total fees + load of > 8.9% was not enough to pay for the administration of the fund? What > couldn't they possibly buy for $19 million/year (8.9% from $211 mil.)? > ------------------------------ End of canslim Digest V1 #109 ***************************** To subscribe to canslim Digest, send the command: subscribe canslim-digest in the body of a message to "majordomo@xmission.com". 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