From: canslim-owner@xmission.com (canslim Digest) To: canslim-digest@xmission.com Subject: canslim Digest V1 #166 Reply-To: canslim@xmission.com Sender: canslim-owner@xmission.com Errors-To: canslim-owner@xmission.com Precedence: canslim Digest Tuesday, May 6 1997 Volume 01 : Number 166 In this issue: [CANSLIM] LSCC/INVX Re: [CANSLIM] ASTSF Re: [CANSLIM] Another Breakout ADEX [CANSLIM] SOX Indicator Re: [CANSLIM] CPWR at 9:15 am CST [CANSLIM] Bottom Fishing Re: [CANSLIM] Test [CANSLIM] Here is another breakout FNCO [CANSLIM] GBE [CANSLIM] Elaine [CANSLIM] Elaine on CNBC [CANSLIM] Too much up too soon? Re: [CANSLIM] LSCC/INVX Re: [CANSLIM] Possible BUYS? DELL Re: [CANSLIM] DailyGraphs save to spreadsheet [CANSLIM] Surf's up, Be careful out there (was "Too much ..) [CANSLIM] Small and micro stocks to sift through before next rally Re: [CANSLIM] Surf's up, Be careful out there (was "Too much ..) [CANSLIM] More Stocks To Sift Through [CANSLIM] Small and micro stocks to sift through before next rally Re: [CANSLIM] Economic Reports Re: [CANSLIM] Surface! Surface! Surface! Re: [CANSLIM] Economic Reports Re: [CANSLIM] Possible BUYS? Re: [CANSLIM] DailyGraphs save to spreadsheet Re: [CANSLIM] Too much up too soon? Re: [CANSLIM] ASTSF Re: [CANSLIM] When to sell? [CANSLIM] NATL Re: [CANSLIM] Elaine on CNBC Re: [CANSLIM] Too much up too soon? 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: Mon, 5 May 1997 12:01:08 -0500 From: "Brenda" Subject: [CANSLIM] LSCC/INVX Anybody who got into these two is certainly smiling now. LSCC up over 5 on a million shares. ------------------------------ Date: Mon, 5 May 1997 23:57:33 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] ASTSF ** Reply to note from "Brenda" Mon, 5 May 1997 10:12:25 -0500 > Up 2 3/8 on HUGE vol for THAT stock. Been in my top five picks for a long > time! Thanks James. I just picked up a little bit for the fun of it. I owned this one a while back. Got worn out of it, and then it went to "Pluto" - if I may borrow that expression from you. Take care. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ ------------------------------ Date: Tue, 6 May 1997 00:28:06 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] Another Breakout ADEX ** Reply to note from Hemant Rotithor Mon, 05 May 1997 11:05:34 -0400 > Thanks for posting all the breakouts, that is useful. > I was curious, how do you monitor intraday breakouts? that is, what kind > of > Tools (software, equipment) do you use. > I can imagine requiring real time quotes but unless the stock has been > on > the watch list from previous research I would imagine that it is hard to > pinpoint them from a large number of stocks. > Will appreciate your response, I am happy to post them if someone finds it worthwhile. I use Quotes Plus, and run a number of daily scans to highlight technically interesting stocks. I then use Daily Graphs and various Internet resources to do the fundamental work. After I have compiled my watch list, I use Yahoo quotes to monitor it. In a bull market I typically have 40 to 100 stocks on the list, which is manageable. I usually log on every 30 minutes to check for interesting activity. I will log on more often if the market is hot (like right now). Real time quotes would be nice, but Internet access is not cheap in Thailand, nor is it flat rate. Often times, I can feel when I stock is about to break out, and I place a buy-stop order. This will usually give me a pretty decent fill on the initial buy. E-Trade is my broker, and I find their Nasdaq stops especially useful. Let me know if you have any specific questions. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ ------------------------------ Date: Mon, 5 May 1997 12:29:59 -0500 From: "Brenda" Subject: [CANSLIM] SOX Indicator John Murphy, one of the few on CNBC who I find to be very good, just showed the SOX (Semiconductor Index). Breaking out very nicely. Chart has a recognizable shape to all CANSLIMers. Cup, handle properly formed, breaking into new high ground now on very good volume. Use the info if you can. James ------------------------------ Date: Mon, 05 May 1997 13:38:28 -0400 From: Craig Griffin Subject: Re: [CANSLIM] CPWR at 9:15 am CST Nice call James. VC is also up today (+1). If you were looking to buy one of two at the open, you could hardly have done better. At 09:22 AM 5/5/97 -0500, you wrote: >Up 2 1/4 on over half a million shares. > > ------------------------------ Date: Mon, 5 May 1997 12:58:20 -0500 From: "Brenda" Subject: [CANSLIM] Bottom Fishing Yes,yes - I know. No way a CANSLIMer would EVER bottom fish and particularly when the market has turned and is jumping like it is now. Well, just in case there "might be" a bottom fisher listening - look at QDEK. I don't know ONE thing about the company. I am not touting it. I do own a "very small" position of this one in my HIGHLY SPECULATIVE account. Be very, very careful and this in no way is a recommendation on this one! James It is really hard right now keeping up with all the good companies doing good things. ALTR has a history of jumping up early, coming back at least TWO (where it is now) and then it goes one way or the other. Just in case you were thinking about it. ------------------------------ Date: Mon, 05 May 1997 00:59:12 -0400 From: "Surindra J. Singh" Subject: Re: [CANSLIM] Test If someone knows Brenda (James), the mail bounced back from the address bks@1cc.net as not deliverable. Brenda wrote: > > Always used to wonder what these tests were all about. Now I know. I have > not rcvd a single CANSLIM or personal msg from anybody on this list. Are > mine going out? Surely somebody has posted something? Did I get deleted > from CANSLIM list somehow? Beats me. I have no idea. Please send something > so that I can see if I am receiving. I am receiving from a Bible Study List > that I am on and also some kind of low carb diet something list. Thanks for > your help. If you have a canslim msg posted in the last couple of hours try > to fwd one to me, if you would. Thanks. It's Sunday night 9:30PM CST here. > James ------------------------------ Date: Tue, 6 May 1997 02:09:25 GMT+7 From: Peter Christiansen Subject: [CANSLIM] Here is another breakout FNCO Want another one? Funco (FNCO) is now breaking out on huge volume. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ ------------------------------ Date: Mon, 5 May 1997 14:35:22 -0500 From: "Brenda" Subject: [CANSLIM] GBE :) Many laughed at me on this pick, but if you could see me now I am taking my bows, thank you very much. Those who got on board with me - Isn't it fun!!!! Whhheeeeee!!!! Haaaapppppeeee Daaaaaaysss are heeerrrere again, ........... Isn't life GRAND! James ------------------------------ Date: Mon, 5 May 1997 15:12:17 -0500 From: "Brenda" Subject: [CANSLIM] Elaine Coming on CNBC shortly after 3pm CST. ------------------------------ Date: Mon, 5 May 1997 15:28:25 -0500 From: "Brenda" Subject: [CANSLIM] Elaine on CNBC For those interested her basic comments were as follows: We have actually been in a bear market with from peak to bottom showing a 25% decrease with many of the stocks dropping 40,50 $ 60%. Current Newsweek quotes Greenspan as admitting that he may have made a "MISTAKE" in raising the interest rate in light of the numbers coming out. She sees this now as a brand new BULL market and that we are in stage one. Mentioned it's throwing dart time. Thinks Banks, Service Stocks, DELL, CPQ and her favorite stock is McDonalds. Also touted today by Buffet personally, and she mentioned that he likes it a lot. She sees earnings continuing good but that 3rd and 4th q's should been to show some losses. Thinks the market would continue upward even if Mr. G. did raise rates and thinks if he does so you will see short term paying more than long term. States in her 25 yrs in the business has never seen conditions like this and this favorable. See DOW at 7600 if her module of 2% earnings growth is true. States street concensus is for 14% growth. Mentioned GDP was 5% and is now 1% and add a balanced budget that it is the best climate she has ever seen and imphatically stated the bear market is OVER. Well, that's what she said. What's your opinion? Question for you Tom. If you have backed Mr. Greenspan, have stated you think he was correct in his raising the interest rates, think they should be raised again but maybe not now - How do you stand with his comments that HE said he may have made a mistake? Is Mr. Greenspan now wrong with what HE says about what he did? Just wondered how you assimulate his latest comments. James ------------------------------ Date: Mon, 05 May 1997 16:28:30 -0400 From: Hemant Rotithor Subject: [CANSLIM] Too much up too soon? Today the markets exhibited a spectacular run up. I am not complaining because that helps my portfolio, however should we be worried about this run-up? should we be concerned that it may come down rapidly as it went up; not even sure if the move can be rationally justified (the news-media always has a justification for every movement , howsoever ridiculous at times). Does the run up look healthy or suspicious? why? Thanks - -- Disclaimer: Opinions expressed in this document are those of the author. Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------ Date: Mon, 05 May 1997 12:12:50 -0700 From: "Louis Gipson, RN" Subject: Re: [CANSLIM] LSCC/INVX Brenda wrote: > > Anybody who got into these two is certainly smiling now. LSCC up over 5 on > a million shares. Hi James, I am certainly smiling about INVX. Picked it up at 28.25. Lou Gipson ------------------------------ Date: Mon, 5 May 1997 17:16:08 -0400 (EDT) From: PPNewell@aol.com Subject: Re: [CANSLIM] Possible BUYS? DELL I just bought DELL at 85 1/2 but I don't consider it a CANSLIM stock the funds level is too high, its extended etc. Ok the reason I bought it, incredible strength during the downturn and the improving fundamental news, I beleive the will be a 95+ EPS after it announces earnings, and upward momentum. So far so good, which I had picked it up three months ago, but I beleive it was extended then also. Peter Newell ------------------------------ Date: Mon, 5 May 1997 17:27:16 -0400 (EDT) From: PPNewell@aol.com Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet In a message dated 97-05-05 14:33:25 EDT, you write: << > OTOH, I can understand the decision to only > support wintel platforms. Seems like a fairly stupid decision to me. Why not just write the program in Java? You only have to write it once to support multiple platforms. Why would they want to limit themselves? I don't get it. >> Being a software developer, I can tell you. Its way too expensive. Too pick up an extra 10% of the market you have to spend 400x as much money. IBM learned(matter of opinion) this lesson the hard way by chasing 1/10 th the market share with 50x dollars. This is how Microsoft makes its money(so far) by spending 1/10 the money on 1000x the market. I'm not sure what the Daily graphs is based, love to know, but JAVA isn't the easiest to use for this type application and not all the platforms are supported as well. Peter Newell ------------------------------ Date: Mon, 05 May 1997 18:43:22 -0400 From: Craig Griffin Subject: [CANSLIM] Surf's up, Be careful out there (was "Too much ..) This weekend I said I would not be surprised to see this rally go a few more days, just to cause the most people the most pain (those still sitting nervously on the sidelines). After today's remarkable buying, I would not be surprised to see a quick hard drop any day now. Why? Just to shake people out. Then again, if the uncertainty is still high enough out there, it could just keep rolling for a bit longer. No doubts about the overall trend though. Breakouts in this kind of market are too fast and furious to keep up with. Just a few from the last day or two, some of which have been mentioned on this list: ACTN ORBKF FINE EESI KLIC DATM QNTM CREAF SWFT MCRL CCL SMOD LU KUH DDIM ADEX SHED KELL QGENF JBIL CIBR BARR AIR EGR ALTR AOC AOS AVL AVID DOV CPQ GDT MTC MXIM And those are just the ones from my watch list. There are lots of others. It will be interesting to see which of these work out the best. Some of the stocks above are almost "pure" canslim, but most of them have something wrong with them. Some of them have a lot wrong. INVX surely acts like it wants to run a ways, but far too late to hop aboard now for those that missed it. But this has been going on for years, it is not like there will not be more good ones. Do your homework. Make your way through the long periods of waiting. Be patient. Keep alert, maintain your watch list, and when the time is right (like the last week or so), pounce on those b/o's. I suspect that in general, those with the best CANSLIM numbers will do the best. Also look for those with the tightest or nicest bases. Be careful, there seems to be a bit of that IR around ;>). ------------------------------ Date: Mon, 05 May 1997 18:05:42 -0400 (EDT) From: OWENTIME@delphi.com Subject: [CANSLIM] Small and micro stocks to sift through before next rally May 5, 1997 4:30pm Warren Kent asks: This robust small and micro rally will be tested seveeerely before weeks end, yet the following did well today and most stocks below are under $20. (Don't buy until after the test.) Long and short bond rates converge by Halloween? Covered shorts have blossomed market upward today. I tried to post as many as I could. Techs may need another correction, but Russell 2000 seems to be breaking out, but not without an upcoming test. Therefore, if any attractive stocks could be culled from this list to jump into after the correction, please post. My guess is that a one or two point bump up today, may respond well by next week after a good shake up. Could a stale loaf of bread bounce up 3 points in today's market? Opinions are always welcome. Is this a rising tide that is simply raising all boats or are CANSLIM small cap stocks good for a summer rally hidden somewhere in this list? ADEX: Discussed last week ATVI BELF PAMC BILL PCTL BMPE PEGA CLSR PTEC CMOS PUCK COHU RATL EGGS SERA: discussed last week ELINK SMTL ESST SQNA EVNSF STDM FINL SYSF GLEX THOM HCBK TLXN HMTT TTRR HTBBG UACA IBIS VSGN INAC VSNT INLK WANG INSO WCII INTS WELL IPEC WRSI ITDS WTSLA KIDS XCIT XION MAST ZEUS MISI ZRAN MRRW MSIX NCOG NMCG NXTL:No earnings but owns patents on cell phone technology ORKBF: Mentioned last week. =================================eof ------------------------------ Date: Mon, 5 May 1997 18:25:03 -0500 From: "Brenda" Subject: Re: [CANSLIM] Surf's up, Be careful out there (was "Too much ..) Right now ORBKF is on the top of the list under Zacks "Todays Extreme Earning Surprises". Thanks Craig for the list. I always look up every stock mentioned here. If I find ONE stock a month I think it has been well worth the time. There are more good stocks to invest in than I have funds. Therefore, I can still be choosey about which I choose to be in. Once again, keep posting the lists and I'll keep looking. James - ---------- > From: Craig Griffin > To: canslim@xmission.com > Subject: [CANSLIM] Surf's up, Be careful out there (was "Too much ..) > Date: Monday, May 05, 1997 5:43 PM > > This weekend I said I would not be surprised to see this rally go a few more > days, just to cause the most people the most pain (those still sitting > nervously on the sidelines). After today's remarkable buying, I would not > be surprised to see a quick hard drop any day now. Why? Just to shake > people out. Then again, if the uncertainty is still high enough out there, > it could just keep rolling for a bit longer. No doubts about the overall > trend though. > > Breakouts in this kind of market are too fast and furious to keep up with. > Just a few from the last day or two, some of which have been mentioned on > this list: > > ACTN > ORBKF > FINE > EESI > KLIC > DATM > QNTM > CREAF > SWFT > MCRL > CCL > SMOD > LU > KUH > DDIM > ADEX > SHED > KELL > QGENF > JBIL > CIBR > BARR > AIR > EGR > ALTR > AOC > AOS > AVL > AVID > DOV > CPQ > GDT > MTC > MXIM > > And those are just the ones from my watch list. There are lots of others. > It will be interesting to see which of these work out the best. Some of the > stocks above are almost "pure" canslim, but most of them have something > wrong with them. Some of them have a lot wrong. > > INVX surely acts like it wants to run a ways, but far too late to hop aboard > now for those that missed it. But this has been going on for years, it is > not like there will not be more good ones. Do your homework. Make your way > through the long periods of waiting. Be patient. Keep alert, maintain your > watch list, and when the time is right (like the last week or so), pounce on > those b/o's. I suspect that in general, those with the best CANSLIM numbers > will do the best. Also look for those with the tightest or nicest bases. > > Be careful, there seems to be a bit of that IR around ;>). > > > ------------------------------ Date: Mon, 5 May 1997 19:33:32 -0500 From: "Brenda" Subject: [CANSLIM] More Stocks To Sift Through Of course you all know that I prefer stocks going from LL to UR. However, that does not mean that I don't invest in ones that have much different looking shapes. Thanks to all of you who posted various stocks today. I have looked at graphs of each and every one. Some of the stocks that I saw tonight that ARE NOT ON "my Wall Chart" that caught my attention that I will be taking closer looks at tonight are: ASPX, ESOL (imagine being able to buy this one for $7), DGII, PARL (a $2.75 stock w/ cup and handle), MSON, ADBE (vol 9 mil today), AFL, AMAT, ASC, ASMLF (?), BMCS, CAG, CHA, CWC, G, HB, KEA, LLTC, LSCC, PCAR, QGENF, AEIS, PMRY, CHRX, SRA, TYC, ACTN, KUH and STDM. Ya'll making a lot of extra work for me and I THANK YOU VERY MUCH. More stocks out there to invest in than I have funds. I like it like that. Be careful and realize that this is much too, too good to expect it to be as easy as Ms. Garzarelli said today when she said, "Just get you some darts!". Start pitching. Have a good night and day tomorrow. Hope many of you are getting in on some of this. James ------------------------------ Date: 6 May 97 12:36:56 From: Dean Edwards Subject: [CANSLIM] Small and micro stocks to sift through before next rally I don,t know if this is a fake rally or not. So I,m remaining cautious. I don,t want to plough into the small cap or micro stocks until I have more evidence to the contrary. That the market has recovered from its January correction. A turnaround rally in the market within 4 months is quite fast and unexpected. But I don,t want to miss out on the action either. Already by the amount of comments in the forum - a lot of CANSLIM stocks are breaking out. So I have decided to concentrate on the big caps instead. Maybe less reward to risk ratio but as Jesse Livermore like to say & if you can,t make money out of the leading stocks, you are not going to make money out of the market as a whole. If you analyse correctly the course of two stocks in the prominent groups, you need not worry about what the rest are doing.8 I missed out on Microsoft in software but I got in with DELL and Compaq with computers. Computers can,t sell without microchips and I,m watching Intel waiting to buy it when it hits a new high. On another note the market dosn,t care about a higher interest rate, unsustainable GDP over 5% which is the growth of an Asian tiger, nor the low unemployment numbers. Bullish and long :-) Mail Document To: canslim @ xmission.com @ INTERNET cc: From: OWENTIME @ delphi.com @ INTERNET @ CSERVE@STATISTICSNZEXTERNAL Date: 06/05/97 10:05 AM Subject: [CANSLIM] Small and micro stocks to sift through before next rally __________________________________________________________________________________ May 5, 1997 4:30pm Warren Kent asks: This robust small and micro rally will be tested seveeerely before weeks end, yet the following did well today and most stocks below are under $20. (Don't buy until after the test.) Long and short bond rates converge by Halloween? Covered shorts have blossomed market upward today. I tried to post as many as I could. Techs may need another correction, but Russell 2000 seems to be breaking out, but not without an upcoming test. Therefore, if any attractive stocks could be culled from this list to jump into after the correction, please post. My guess is that a one or two point bump up today, may respond well by next week after a good shake up. Could a stale loaf of bread bounce up 3 points in today's market? Opinions are always welcome. =================================eof __________________________________________________________________________________ ------------------------------ Date: Mon, 5 May 1997 21:46:31 -0400 (EDT) From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] Economic Reports >I am currently teaching at Nuclear Power School in Orlando. Welcome >aboard. The information you provided was insightful and appreciated. Look >forward to learning from you. Thank ya, sir! Pleased to make your e-mail acquaintance. I just hope I can muster up enough time to stay up with the correspondence on this list. So far it looks like everyone does their homework and contributes nicely to the discussion. I'm so glad there isn't any flaming, etc., that is sometimes seen on forums that are a bit more "open". What's your background (both investment & nuke stuff) if you don't mind my asking? Jack ------------------------------ Date: Mon, 5 May 1997 21:55:54 -0400 (EDT) From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] Surface! Surface! Surface! >Not too badly, still doing this investing stuff for a living. The >going has been a little rocky the last few months. Good to see you >resurface here on this list. The last one we were on was >appropriated by Lyndel Liming, who then started charging for it. Ugh! I thought about joining Liming's list, but I had a hard spot with the principle of sending in $10 or whatever it was for no ostensible reason. Someone else recently said shortly after Liming got renewals he shut down the list and never returned the money. What a jerk! The past few months have been hard (very reminiscent of Spring, 1994) but we've got some fireworks going now. > >You have resurfaced just in time for me to tell you that Marbury wuz >robbed by Iverson (the ball hog) in ROY voting. (I seem to recall >you are a Sixer fan.) Heh! Good memory. At least the "Sux-ers" won something this year. A good ball hog like Iverson doesn't come around very often. BTW, is Garnett old enuf to date women yet??? I'm beginning to think I should become an NBA coach. The Suxers just hired Larry Brown at $5mil/year, and there are rumors flying around that Pitino is going to the Celtics for the outrageous sum of $70 million for 7 years! Maybe he'll let me manage a portion of his portfolio??? . Check ya later, Jack ------------------------------ Date: Mon, 5 May 1997 22:13:57 -0400 (EDT) From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] Economic Reports >Thanks for the intro. Most people on this list introduced themselves when >they signed on - so they're in the archives. Next week, I will be compiling >all the intros and sending them to another list member who is going to set up >a web page with them. In this way, we'll know what people's experience is. Sounds good! I'll look forward to seeing that when it's up and running. >You sound like you have a good base, and can contribute intelligently. Yup, I'm base building, trying to break out! :) As for my contributing? Yes. How intelligently remains to be seen. >FYI, I've been investing for 9 years. About 5 years ago I began a gradual >transitiion toward CANSLIM - which really isn't complete. Were you primarily a value oriented investor, a la Buffett, prior to your gradual Canslim "awakening"? While Canslim isn't perfect (nothing is), it does lend a much needed degree of timing to raise the efficiency level of one's portfolio. The time factor was always my biggest hardspot with value investing. I didn't want to wait 5 years on a stock to move only to find out I was wrong to begin with. >was '95 - I doubled my money. My worst year was '96. I took a 70% >loss on a stock that gapped down - and kept trying to make it back - rather >than putting it behind me. Yikes. I've made the same kinds of mistakes. Trying to tell the market who's right isn't good for one's ROI. I got hammered back in early 91 by making heavy option bets on the direction of "M" just prior to the outbreak of the Gulf War. Needless to say, I bet wrong and paid dearly. > I do use some Peter Lynch techniques as well, >in that I never by a stock that has 100 PE - no matter how good the CANSLIM >criteria I read Lynch's books shortly after I digested O'Neil's. __One Up on Wall Street__ was an easy read, but I found Lynch didn't get very specific with his rules, unlike O'Neil. Lynch talked in apple pie generalities which is fine if you have his Midas-like understanding of investing, but O'Neil gave me the necessary structure with which to maketimely buy and sell decisions. Cheers, Jack ------------------------------ Date: Mon, 5 May 1997 22:12:17 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Possible BUYS? Correct symbol is BAANF on NASDAQ, and got recommended by several houses today that I receive faxes from. Sorry about the error, tried to check my memory this am, but DG was down and had not time before work to resign on. tom w 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. - ---------- > From: Dean Edwards > To: canslim@mail.xmission.com > Subject: Fw: [CANSLIM] Possible BUYS? > Date: Monday, May 05, 1997 9:58 AM > > Bannf has been mentioned in this forum already, at an Orlando conference > he hosted. I couldn't imagine O'Neil randomly selecting stocks. Quoting > Shakespere, I assumed that there was "method behind the madness" when he > named potential market winners in the next cycle. > I can't seem to get a quote or even buy BANNF. I have been trying to track > it, knowing it is the correct stock symbol. But for some reason I have > struck difficulties with my brokerage firm. Must contact them about this > matter. > > > From: Tom Worley > > To: canslim@mail.xmission.com > > Subject: Re: [CANSLIM] Possible BUYS? > > Date: Monday, May 05, 1997 10:36 PM > > > > I think the symbol you are looking for on Bann is BANNF if memory > > serves me right, trading NASDAQ. ------------------------------ Date: Tue, 6 May 1997 09:29:02 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] DailyGraphs save to spreadsheet ** Reply to note from PPNewell@aol.com Mon, 5 May 1997 17:27:16 -0400 (EDT) > Being a software developer, I can tell you. Its way too expensive. Too pick > up an extra 10% of the market you have to spend 400x as much money. IBM > learned(matter of opinion) this lesson the hard way by chasing 1/10 th the > market share with 50x dollars. This is how Microsoft makes its money(so far) > by spending 1/10 the money on 1000x the market. I'm not sure what the Daily > graphs is based, love to know, but JAVA isn't the easiest to use for this > type application and not all the platforms are supported as well. E-Trade has a very nice Java based charting program on their site. I don't see why DG couldn't do something similar. I wonder if The Mac, Unix, & OS/2 users don't amount to more than 10% of DG's potential customers. Microsoft has a vested interest in supporting only the WinTel platform. Peter Christiansen Bangkok, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ ------------------------------ Date: Mon, 5 May 1997 22:49:41 -0400 (EDT) From: investor@yvv.com (Trader Jack) Subject: Re: [CANSLIM] Too much up too soon? >Today the markets exhibited a spectacular run up. >I am not complaining because that helps my portfolio, however >should we be worried about this run-up? Yes, we should worry. Worrying is healthy wrt investing. It shows we're on top of the situation and not complacent. A healthy dose of skepticism is good for the soul and the portfolio (except when it comes to your wife... don't try skepticism at home folks!). On a more serious note, it's natural to expect some sort of consolidation shortly. We'll be running up against some overhead resistance on the Nasdaq and Russell soon. The secret to determining the health of the previous rally is to study the following consolidation. Is it well behaved? Is it on lower volume? Do the leading stocks remain above their pivots? If you're worried about losing too much profit in any follow-on correction, take some profits in a couple of your positions and lock 'em in. That way you'll have some cash to dump into any subsequent rallies after the next normal consolidation period. If there is no subsequent rally and we come crashing back down, you'll at least have made some money. It's very frustrating to watch all of your profits evaporate quickly. That scenario is the equivalent of a deer frozen in oncoming headlights. Once you're stunned, it's hard to act quickly to extricate yourself from a perilous situation. Which positions would you consider selling? How 'bout one that's marginally profitable and one that appears grossly extended relative to its historical norm? Maybe sell 20% of your overall portfolio and wait for the next base. Or, if you're an investor that has a hard time deciding which positions to sell when, you can try reducing your exposure in all of your positions by some nominal amount. This is the kind of thought process I use when managing my portfolio. It may or may not work for you based upon your investment time horizon/psychology. >(the news-media always has a justification >for every movement , howsoever ridiculous at times). Yeah, too bad all of their justifications are always after the fact. Even then they don't have 20/20 hindsight! Regards, Jack ------------------------------ Date: Mon, 5 May 1997 19:48:52 -0700 (PDT) From: Leslie Payne Subject: Re: [CANSLIM] ASTSF - ---Brenda wrote:Earnings should be out soon. I am hoping this has caused this recent interest. > > Up 2 3/8 on HUGE vol for THAT stock. Been in my top five picks for a long > time! > > > _____________________________________________________________________ Sent by RocketMail. Get your free e-mail at http://www.rocketmail.com ------------------------------ Date: Mon, 05 May 1997 22:46:11 -0700 From: GoldFish Subject: Re: [CANSLIM] When to sell? Hi Folks: Go to page 133~135 of his book (1st Edition) and study his trading pattern, you will discover that he traded in the following way: 1) make a profit and run when it is above 20% or more (some is around 15%) 2) majority of his holding period is 1~2 month In fact, you can make a histogram of his holding period and return profit to get a better idea. Have a profitable month! - -- GoldFish "Every stock is a bad stock..." ------------------------------ Date: Mon, 5 May 1997 23:32:12 -0400 (EDT) From: investor@yvv.com (Trader Jack) Subject: [CANSLIM] NATL Since others have posted quite a few CANSLIM candidates, I'll keep this list short. If I'm not mistaken, I don't think anyone has posted NATL as one to watch, so I'm putting it on mine. NATL is not a CANSLIM purist play as it trades for well under $12/share ($5 & change), and the "C" in CANSLIM is shady at best. It's more of a CANSLIM- turnaround play. EPS-wise it shows well over the past year and postivie EPS growth should continue (according to Zacks). TTM P/E is at a significant discount to its industry group, so there's plenty of room for multiple expansion (P/E approx 14). Technically, I love this kind of chart. There is some long term overhead resistance at 8 to 10 bucks a share, but if it should broach that area the sky is the limit. At any rate, short term there's still good profit potential (50%) from 5 to 8 bucks a share. I'll worry aobut the overhead later if and when I've got the 50% under my belt. NATL broke out of its base today but is still well within striking range of its pivot. I plan to buy on strength tomorrow should we continue to rally. BTW, anyone with real time quotes ever notice how the market loves to reverse itself after the first half hour of trading during the day? In a weak trending or non trending market, it's amazing how the big money comes in to fade the trend of the first half hour. I see it as just another case of the institutions slapping around the little guy who loves to buy inflated ask prices (or sell at depressed bids) at the open. I tend to wait until 10am (Eastern) to make my first buys in order to side-step this annoying phenomenon. On the other hand, you know you're in a strongly trending market if the first half hour comes and goes with nary a nudge to the market's inertia. Jack ------------------------------ Date: Tue, 6 May 1997 07:10:13 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Elaine on CNBC I don't attempt to assimilate comments reported as hearsay and third hand by the media. Sure, it makes a nice story, which is all the media cares about. Personally, I don't believe the story, unless he was referring to all the political BS that hike caused him, taking up his time dealing with congressional idiots that wouldn't recognize "I.N.Flation" unless it registered and voted for him. There was adequate evidence to justify the hike at the time, and sufficient data subsequent to show it was justified, even to the point that a heavy concensus was expecting a May hike. To date, we have had part of one month's economic reports showing that inflation has not escalated out of control, but still showing growth running ahead of any modeling. Let's see if the next few months show growth slowing, otherwise I remain confident we will see sig increase in labor costs, among other things. Once again I can only admire Garzarelli's creative number crunching - - 25% from peak to bottom - uh, guess I learned a different math than she did. Granted some groups like the networking ones dropped over 50%, but I find no major mkt measure that dropped anywhere near 25%. A move to 7600 doesn't sound all that exciting to me, unless we are going to do it by June, and take the rest of the year off. I believe I forecast a high somewheres around 8200 or 8300 for this year, and haven't backed off that as of yet. Of course, I was about a month early on my forecast of breaking 7000, so my timing is probably off. tom w 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. - ---------- > From: Brenda > To: canslim > Subject: [CANSLIM] Elaine on CNBC > Date: Monday, May 05, 1997 4:28 PM > > For those interested her basic comments were as follows: We have actually > been in a bear market with from peak to bottom showing a 25% decrease with > many of the stocks dropping 40,50 $ 60%. Current Newsweek quotes Greenspan > as admitting that he may have made a "MISTAKE" in raising the interest rate > in light of the numbers coming out. She sees this now as a brand new BULL > Question for you Tom. If you have backed Mr. Greenspan, have stated > you think he was correct in his raising the interest rates, think they > should be raised again but maybe not now - How do you stand with his > comments that HE said he may have made a mistake? Is Mr. Greenspan now > wrong with what HE says about what he did? Just wondered how you assimulate > his latest comments. > James ------------------------------ Date: Tue, 6 May 1997 07:22:14 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Too much up too soon? The rapid runup has been fueled by a number of causes, the following I believe to be significant: lot of cash building up on the sidelines waiting for an end to the correction far better than expected employment cost report, along with several other non-inflationary reports, shifting the sentiment away from expectation of a rate hike to expectation of no hike exceptionally strong corp profits in Q1, far better than anticipated (read report last nite that earnings were up over 16% year to year, analysts had expected much less, and this was well ahead of recent qtrs) market generally was oversold, but tech stocks were the most oversold, leaving that much more room for move to the upside (note how NASDAQ has outperformed the big caps/NYSE and how Russell 2000 has outperformed even NASDAQ, when's the last time you remember seeing that?) Now for the real question, how long can it continue? Yesterday was impressive for the amazing breadth of the move as much as the size. Second highest volume day for NASDAQ in its history. New highs on both exchanges substantially surpassed new lows, up/down vol ratios I haven't seen in months. How much of this was short covering? I doubt very much, we have gone a long ways with this "aging" bull (and Garzarelli is full of bulls__t, it ain't a new one!) and virtually every month we see a new record high on nr of shares sold short. No reason to think they will pack up camp here. On the other hand, are we due or overdue for some profit taking and consolidation? You bet, in fact things are happening so fast it's hard to take it all in, so wouldn't mind a little cooling off period. tom w 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. - ---------- > From: Hemant Rotithor > To: canslim@mail.xmission.com > Subject: [CANSLIM] Too much up too soon? > Date: Monday, May 05, 1997 4:28 PM > > Today the markets exhibited a spectacular run up. > I am not complaining because that helps my portfolio, however > should we be worried about this run-up? should we be concerned that > it may come down rapidly as it went up; not even sure if the move > can be rationally justified (the news-media always has a justification > for every movement , howsoever ridiculous at times). > Does the run up look healthy or suspicious? why? > Thanks > -- > Disclaimer: Opinions expressed in this document are those of the author. > Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------ End of canslim Digest V1 #166 ***************************** 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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