From: canslim-owner@xmission.com (canslim Digest) To: canslim-digest@xmission.com Subject: canslim Digest V1 #291 Reply-To: canslim@xmission.com Sender: canslim-owner@xmission.com Errors-To: canslim-owner@xmission.com Precedence: canslim Digest Friday, September 12 1997 Volume 01 : Number 291 In this issue: Re: [CANSLIM] New Product alert Re: [CANSLIM] Changing canslim header? Re: [CANSLIM] Changing canslim header? Re: [CANSLIM] O'Shaughessy's Book - What works on wall street Re: [CANSLIM] O'Shaughessy's Book - What works on wall street [CANSLIM] Group Coming out of the Pack Re: [CANSLIM] SOCR Re: [CANSLIM] Changing canslim header? Re: [CANSLIM] Changing canslim header? Re: [CANSLIM] Changing canslim header? Re: [CANSLIM] Changing canslim header? Re: [CANSLIM] O'Shaughessy's Book - What works on wall street [CANSLIM] Pivot Point??? [CANSLIM] UTI - Why? Re: [CANSLIM] Group Coming out of the Pack Re: [CANSLIM] UTI - Why? [CANSLIM] The Bear has scratched on my front door. [CANSLIM] Intro: Bill Chesky; SMTC Re: [CANSLIM] Changing canslim header? Re: [CANSLIM] Changing canslim header? Re: [CANSLIM] Changing canslim header? Re: [CANSLIM] Index Chart Interpretation from IBD Re: [CANSLIM] Index Chart Interpretation from IBD Re: [CANSLIM] UTI - Why? Re: [CANSLIM] The Bear has scratched on my front door. [CANSLIM] DSPG Re: [CANSLIM] SOCR Re: [CANSLIM] I disagree with (The Bear has scratched on my front door.) 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: Fri, 12 Sep 1997 02:52:34 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] New Product alert 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. :: : : ------------------------------ Date: Thu, 11 Sep 1997 20:18:09 -0700 (PDT) From: Joseph Vaughn-Perling Subject: Re: [CANSLIM] Changing canslim header? 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 > > > > > > > > ------------------------------ Date: Fri, 12 Sep 1997 04:03:16 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Changing canslim header? 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 : ------------------------------ Date: Fri, 12 Sep 1997 06:21:25 -0400 (EDT) From: Dbphoenix@aol.com Subject: Re: [CANSLIM] O'Shaughessy's Book - What works on wall street 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 ------------------------------ Date: Fri, 12 Sep 1997 06:31:47 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] O'Shaughessy's Book - What works on wall street 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 ------------------------------ Date: Fri, 12 Sep 1997 08:00:47 -0400 From: "Tom Worley" Subject: [CANSLIM] Group Coming out of the Pack 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 ------------------------------ Date: Fri, 12 Sep 1997 13:27:06 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] SOCR 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 :---------- : ------------------------------ Date: Thu, 11 Sep 1997 19:43:30 -0500 (CDT) From: "Jason P. Butler" Subject: Re: [CANSLIM] Changing canslim header? 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 > > ------------------------------ Date: Thu, 11 Sep 1997 19:41:43 -0500 (CDT) From: "Jason P. Butler" Subject: Re: [CANSLIM] Changing canslim header? 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 > > > ------------------------------ Date: Thu, 11 Sep 1997 22:38:19 -0500 (CDT) From: "Jason P. Butler" Subject: Re: [CANSLIM] Changing canslim header? 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 > > > > > > > > > > > > > > > > ------------------------------ Date: Thu, 11 Sep 1997 23:09:49 -0500 (CDT) From: "Jason P. Butler" Subject: Re: [CANSLIM] Changing canslim header? 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 > :> > > :> > > :> > > :> > :> > : > > > ------------------------------ Date: Fri, 12 Sep 1997 10:22:33 -0400 (EDT) From: Dbphoenix@aol.com Subject: Re: [CANSLIM] O'Shaughessy's Book - What works on wall street 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 ------------------------------ Date: Fri, 12 Sep 1997 09:30:15 -0500 From: "Chuck" Subject: [CANSLIM] Pivot Point??? 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 ------------------------------ Date: Fri, 12 Sep 1997 07:54:59 -0700 (PDT) From: Tim Fisher Subject: [CANSLIM] UTI - Why? 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 ------------------------------ Date: Fri, 12 Sep 1997 10:30:55 -0500 From: "Jack Markowitz" Subject: Re: [CANSLIM] Group Coming out of the Pack 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 ------------------------------ Date: Fri, 12 Sep 1997 12:39:15 -0400 (EDT) From: "Surindra J. Singh" Subject: Re: [CANSLIM] UTI - Why? 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 > > > ------------------------------ Date: Fri, 12 Sep 1997 14:29:09 -0700 From: Sam Funchess Subject: [CANSLIM] The Bear has scratched on my front door. 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 ------------------------------ Date: Fri, 12 Sep 1997 13:35:01 -0500 (CDT) From: chesky@austin.ibm.com Subject: [CANSLIM] Intro: Bill Chesky; SMTC 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 ------------------------------ Date: Fri, 12 Sep 1997 14:46:00 -0700 From: Sam Funchess Subject: Re: [CANSLIM] Changing canslim header? 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 ------------------------------ Date: Fri, 12 Sep 1997 14:47:43 -0700 From: Sam Funchess Subject: Re: [CANSLIM] Changing canslim header? 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 > > > > ------------------------------ Date: Fri, 12 Sep 97 14:34:50 -0500 From: "Robert Gammon" Subject: Re: [CANSLIM] Changing canslim header? 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 > > > > ------------------------------ Date: Fri, 12 Sep 1997 16:24:04 -0400 (EDT) From: "Surindra J. Singh" Subject: Re: [CANSLIM] Index Chart Interpretation from IBD Are you Lost? :-) On Mon, 8 Sep 1997, Lost wrote: > test message > > ------------------------------ Date: Fri, 12 Sep 1997 17:40:33 -0400 From: "Frank Ferris" Subject: Re: [CANSLIM] Index Chart Interpretation from IBD 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 > > > > > > ------------------------------ Date: Fri, 12 Sep 1997 17:48:57 -0400 (EDT) From: Dbphoenix@aol.com Subject: Re: [CANSLIM] UTI - Why? 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 ------------------------------ Date: Fri, 12 Sep 1997 17:56:37 -0400 (EDT) From: Dbphoenix@aol.com Subject: Re: [CANSLIM] The Bear has scratched on my front door. 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 ------------------------------ Date: Fri, 12 Sep 1997 15:08:24 PDT From: "S Menon" Subject: [CANSLIM] DSPG 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 ------------------------------ Date: Fri, 12 Sep 1997 21:29:42 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] SOCR 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 - ---------- From: Dan Musicant To: canslim@mail.xmission.com Subject: Re: [CANSLIM] SOCR Date: Friday, September 12, 1997 9:27 AM 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 :---------- : - ---------- ------------------------------ Date: Fri, 12 Sep 1997 21:40:38 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] I disagree with (The Bear has scratched on my front door.) 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 > ------------------------------ End of canslim Digest V1 #291 ***************************** 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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