From: canslim-owner@xmission.com (canslim Digest) To: canslim-digest@xmission.com Subject: canslim Digest V1 #310 Reply-To: canslim@xmission.com Sender: canslim-owner@xmission.com Errors-To: canslim-owner@xmission.com Precedence: canslim Digest Tuesday, October 7 1997 Volume 01 : Number 310 In this issue: Re: [CANSLIM] Daily Graphs [CANSLIM] LSBX [CANSLIM] Pyramiding up; ANIC, DDDDF Re: [CANSLIM] IFCI [CANSLIM] DG & Econ. Article Re: [CANSLIM] Pyramiding up; ANIC, DDDDF RE: [CANSLIM] over my head Re: [CANSLIM] DG & Econ. Article [CANSLIM] pcth Re: [CANSLIM] IFCI Re: [CANSLIM] over my head [CANSLIM] Buying/Selling Points [CANSLIM] more stocks [CANSLIM] MSON, ACTC Re: [CANSLIM] ADPT [CANSLIM] Semi conductors Re: [CANSLIM] CFMT, CTXS (was more stocks) [CANSLIM] Raw stochasstic buys. Re: [CANSLIM] Pyramiding up; ANIC, DDDDF Re: [CANSLIM] pcth [CANSLIM] Re: ACTC Re: [CANSLIM] CFMT, CTXS (was more stocks) [CANSLIM] Chip makers/AMD Re: [CANSLIM] Re: ACTC Re: [CANSLIM] CTXS (was more stocks) Re: [CANSLIM] CFMT, CTXS (was more stocks) 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, 6 Oct 1997 19:57:27 -0400 (EDT) From: Ironheadmr@aol.com Subject: Re: [CANSLIM] Daily Graphs I am a recent addition to this group and saw mention of access to Daily Graphs in another member's E mail. Is this access free?? If so, how do I get the info?? Thanks in advance ------------------------------ Date: Tue, 7 Oct 1997 09:11:40 -0500 From: "Ricardo Bekin" Subject: [CANSLIM] LSBX LSBX made a new high yesterday on high volume. I see a cup forming from early July to early September, followed by a 3 week handle. Fundamentally the stock looks cheap to me. http://quote.yahoo.com/quotes?symbols=lsbx&detailed=1y Ricardo Bekin ------------------------------ Date: Tue, 7 Oct 1997 09:42:02 -0000 From: "Robert Venchiarutti" Subject: [CANSLIM] Pyramiding up; ANIC, DDDDF I have a general question about pyramiding up, as it relates to two stocks I own. I am showing a nice little profit on ANIC and DDDDF. I really like both stocks. ANIC is a distributor of telecomunications hardware, fiber optic cable, and related network wire. This is an industry under consolidation and ANIC has been acquiring smaller regional outfits as part of growth strategy. DDDDF is a software developer that makes software designed to automate and integrate various data related tasks. Both have solid CANSLIM numbers. Basically, I like the prospects of both companies, think (hope?) both will continue to rise, and I am thinking seriously about buying more shares of each company. We have had several discussions of when to sell, but when is a good time to pyramid up? It appears to me that both ANIC and DDDDF are consolidating somewhat in the last month after making a nice little price move. (less volume, more volume on up days than down days). How does one tell if a stock is consolidating? Are these stocks consolidating? Assuming a stock is consolidating, does one what for another spike in volume before pyramiding up? Is a stock as likely to tank as it is to rise after a period of consolidation? Any and all thoughts on the subject in general (or specifically with ANIC, DDDDF) are welcome. PS While I'm ahead on ANIC and DDDDF, the truth is I probably did not buy them at the perfect pivot point. Rather, following CANSLIM brought these stocks to my attention, they both seemed to have recently broken out of nice C+H patterns, and I purchased probably a week after the ideal time. Nevertheless, I'm ahead (unlike other stocks I've picked). I'm new to CANSLIM and find that the entry point is the toughest part of this startegy. Since pyramiding up is another entry point, I thought everyone on the list might benefit (especially me :-)) from some insights of the group. Thanks. ------------------------------ Date: Tue, 7 Oct 1997 13:46:55 -0400 From: Mark Schiffner Subject: Re: [CANSLIM] IFCI > > Stocks looking good, had I bot it when I intended, I would still be > holding. So far, other than being real extended after today, I > don't see a reason to sell unless you just bot for a quick trade. > Tom, you have mention a stock being real extended several times, how do you define that? Mark Schiffner ------------------------------ Date: Tue, 7 Oct 1997 14:26:29 -0400 (EDT) From: JANSI1AUG1@aol.com Subject: [CANSLIM] DG & Econ. Article To all who are interested here is a copy of E-mail DG sent to me Tues, 10/7 (the quotation marks are mine): "We will not bill you at this point since we are in Beta testing. This is being done to ensure the quality you require in the product. We expect to be open for business by October 1997. * We value your interest and will inform you as soon as we are ready." Tom: Thanks for the info on your shorthand. Now I know what "trailing" PE means. Also, nice succinct analysis of the economic-marketplace article (although, I must admit, I haven't read it yet. But now I think I will-now that I have your apercu of it). jans ------------------------------ Date: Tue, 7 Oct 1997 14:28:18 -0400 (EDT) From: Dbphoenix@aol.com Subject: Re: [CANSLIM] Pyramiding up; ANIC, DDDDF In a message dated 97-10-07 13:11:19 EDT, you write: << We have had several discussions of when to sell, but when is a good time to pyramid up? It appears to me that both ANIC and DDDDF are consolidating somewhat in the last month after making a nice little price move. (less volume, more volume on up days than down days). How does one tell if a stock is consolidating? Are these stocks consolidating? Assuming a stock is consolidating, does one what for another spike in volume before pyramiding up? Is a stock as likely to tank as it is to rise after a period of consolidation? >> Generally speaking, a stock which enters a period of consolidation will continue whatever trend it was in before it began to consolidate. But there's a lot more to it than that (of course). As you point out, volume is a clue. Is it drying up, or is there a violent tug-of-war going on during this phase? What's the volume like on down days? Up days? How much range is there within the base? As to whether or not pyramiding is an attractive choice, it depends at least in part on how much upside is left. I find that in many cases where other people are taking profits, I'm pyramiding. Perhaps I see upside where others don't, but more often I think that it's more a matter of investment horizon. A lot of people are satisfied with their 20 or 30% and then they're out. I have no problem waiting for the next upleg, if I think it's going to be worth it. Sometimes, if I'm unsure of a breakout, I'll take half a position, then pyramid when I'm sure the breakout is genuine, though never if the price gets to be beyond 10% of the breakout point. Other times, I'll pyramid when the stock reaches its next base. But unless I get in very early in the move, I'll rarely do this more than once. Something else to consider is selling when the stock forms a short-term top, then buying back when it's finished its correction. I did this three times with UTI as well as pyramiding after each buyback. The other alternative is to simply hold the stock and buy more when it starts its rebound. The bottom line for me is knowing the company. The better you know the company, the more confident you'll be about pyramiding. If you can't even understand what the company does, pyramiding may not be an appropriate strategy. One last thing: I've read that if a stock closes at its highs for several days while in a base, it's a good signal that it's ready to begin the next leg up. I haven't studied this so I can't say one way or the other. It makes sense, but so far I haven't seen it work out with any consistency. However, it does make sense not to buy more if the stock is closing at or near its lows. - ------Db ------------------------------ Date: Tue, 7 Oct 1997 18:48:32 -0400 From: "Robert K. Henry" Subject: RE: [CANSLIM] over my head Someone wrote: > It seems that the "N" is not consistent with "C" and "A". If a company = is coming out with a new product, isn't it going to take a while to show = up in earnings? Is investing base on "N" just more speculative or do you = wait until the earnings start to move? > I think the point with "N", "C", "A" and the rest of CANSLIM is that = they occur simultaneously in winning companies. Winning companies aren't = usually "One-trick Ponies" that come out with a winning product or = something else "New" that excites the markets and then go on in = obscurity, never heard from again. Winning companies are the ones that = are continually in the news with something else. They're a never-ending = font of "New". So while you're buying the "C," "A," and so on that = sprung from the last "New" the company came out with, the company is = already working on the next thing. Those companies that come out with = just one thing new and think that's good enough forever will never end = up on your CANSLIM list because they'll never have the continuous, year = to year earnings growth that make up the "A" in CANSLIM. It all fits = together. Of course that's just my opinion, a newbie. Someone correct me if I'm = wrong. - -- Bob Henry ------------------------------ Date: Tue, 7 Oct 1997 21:06:11 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] DG & Econ. Article Jans, what's an "apercu"?? Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - ---------- > From: JANSI1AUG1@aol.com > To: CANSLIM@xmission.com > Subject: [CANSLIM] DG & Econ. Article > Date: Tuesday, October 07, 1997 2:26 PM > must admit, I haven't read it yet. But now I think I will-now that I have > your apercu of it). > > jans ------------------------------ Date: Tue, 07 Oct 1997 19:21:07 -0600 From: RClegg Subject: [CANSLIM] pcth pcth broke out today on record volume. canslim #'s eps 75 rs 79, a cup and handle formation that I can see. earnings promted the breakout. To cheap for a canslim pick at 5 1/4. but if any one is interested, good luck. Russell ------------------------------ Date: Tue, 7 Oct 1997 21:16:29 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] IFCI Oh, I don't know, in this case about 30% or so over it's closest support. Basically I look for the nearest minor base or evidence of support below where it's trading. This represents a temporary place where the stock may pause if it starts tanking real fast. Next, I look at where the proper entry point was, anything over 10% or so above that marks the start of "extended" territory until it can do a consolidation. On a small cap in this mkt climate, I accept a one week "consolidation" as sufficient to provide a fresh entry point (and thus a fresh support level) so long as I pay close attention and am nimble (and despite my age and short term memory problems, so far I still manage). Today's trading in IFCI was a good example. Good volume yesterday, nice move up. It was primed for some profit taking today since there hasn't been that much since it began moving from the $4 level. Once today's rise halted, everyone went rushing for the Sell window, heavy vol to the downside, rallied again with the somewhat cheaper price, and met with more profit taking from those that missed the first opportunity. Finally, the buyers feeling discouraged, they let it find a more natural level, ending up down for the day after setting new high on very heavy volume. Would have been much better for the stock (and longer term shareholders) had the stock gapped down at the open about half a point, get the profit taking out of the way, then let it recover. The move up right from the open was a signal not to rush in right away. Now, I would expect that this stock will need to consolidate for some time, probably several weeks or until earnings are out, and hopefully in the mid 7 range. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - ---------- > From: Mark Schiffner > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] IFCI > Date: Tuesday, October 07, 1997 1:46 PM > > > > > Stocks looking good, had I bot it when I intended, I would still be > > holding. So far, other than being real extended after today, I > > don't see a reason to sell unless you just bot for a quick trade. > > > > Tom, > > you have mention a stock being real extended several times, how do > you define that? > > Mark Schiffner ------------------------------ Date: Tue, 7 Oct 1997 21:25:42 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] over my head Well said, better than I did. 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: Robert K. Henry To: Subject: RE: [CANSLIM] over my head Date: Tuesday, October 07, 1997 6:48 PM I think the point with "N", "C", "A" and the rest of CANSLIM is that they occur simultaneously in winning companies. Winning companies aren't usually "One-trick Ponies" that come out with a winning product or something else "New" that excites the markets and then go on in obscurity, never heard from again. Winning companies are the ones that are continually in the news with something else. They're a never-ending font of "New". ------------------------------ Date: Tue, 7 Oct 1997 21:36:12 -0400 From: "Tom Worley" Subject: [CANSLIM] Buying/Selling Points One further comment, while buying at the low and selling at the high is not totally a myth, it is more luck than skill. If you can buy within 10% of the proper entry point, make a good profit, and get out within 10% of the current high, you've done well and should congratulate yourself. If you've managed to hit the buy and sell points right on the head, use some of the profits to go buy a lottery ticket, you're on a good luck streak. 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: Tue, 7 Oct 1997 18:37:18 -0800 From: "Patrick Wahl" Subject: [CANSLIM] more stocks Lots of stocks breaking out the last few weeks, better get em while the getting is good. Here are two that are worth a look, although the second has exhibited some pretty scary volatility - CFM Technologies(CFMT) This one has formed a nice cup and handle thing, the buy point would be 42. Earnings are accelerating, last four quarters are +0%, +22%, +56%, +115%. Quarter and year end are Oct. 31, so no earnings due until December. Estimate for 1997 = $1.05, for 1998 = $1.65. 8 million shares outstanding. The EPS rank is low at about 72, but I think the earnings growth overrides the EPS number as a concern. Citrix System( CTXS) This one went from 50 to 10 and back to 50. Something bad happened in Feb., but whatever it was went away (maybe someone knows the history on this one?). I'm not sure it is a good idea to buy a stock that can drop that fast that quickly. Anyway, sales the last 4 quarters are up +173%, +202%, +177%, +158%, so they are growing like crazy. Earnings estimates for next two years are 1997 = $1.10, 1998 = $1.50. ------------------------------ Date: Tue, 7 Oct 1997 21:45:20 -0400 From: "Tom Worley" Subject: [CANSLIM] MSON, ACTC Not the best of doll sized "tea cups" but still I am optimistic about Misonix (MSON). All it seems to need now is some volume and is a very small cap (2.9 mil shares issued, and 1.5 mil in the float). ACTC began another minor breakout today, closing at 8.75. My office was buying a lot since I first gave it to them (and you) around 7. DG Tech Support reports that their data is now correct, showing 12.5 mil shares outstanding and 6.5 mil shares in the float. 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: Tue, 7 Oct 1997 21:55:14 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] ADPT ADPT: While the move upward from 50 looks good on the chart, I would be troubled by the RS of 74 (may be better in IBD), the A/D of B, Timeliness of C, and up/down of only 1.1. While none of these are outwardly negative, taken together with the less that sizzling volume would make me very cautious. CXC: RS of 68 suggests to me, as well as looking at the top five in the group, that several including CXC may be riding the coattails of Wackenhut (WHC). One or two of the top five have taken a decided downturn, so the group may be shaky. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - ---------- > From: Patrick Wahl > To: canslim@mail.xmission.com > Subject: [CANSLIM] ADPT > Date: Tuesday, October 07, 1997 2:19 AM > > You guys might want to take a look at Adaptec (ADPT). I don't have > current numbers on it, but I know it has been growing at a steady > rate for years. Earnings might look poor because of some charges > somewhere in the last couple of quarters. Anyway, closed at or very > near a new high today. > > Also, Corrections Corp of America (CXC I believe) is creeping up > towards old highs. Might be getting ready to pop. > > ------------------------------ Date: Tue, 7 Oct 1997 22:09:08 -0400 From: "Tom Worley" Subject: [CANSLIM] Semi conductors In case some of you haven't caught the warnings yet, be careful with semi conductor and related stocks. Some evidence of a slowdown, partially due to price cuts in the lower end products, but also affecting overall sales and profits. Not necessarily a sell signal across the board, but the group could be moving into rough waters. This includes the semi equipment providers as well as the mfrs (oh no, another shorthand I forgot - it's manufacturers, see how much longer that is??). Disclosure: back in the the late seventies, I developed a four letter code system of vessels for the Coast Guard that was not only self evident, comprehensive, user friendly, and totally special and unique covering every possible type of vessel that sailed the seven seas, and a few lakes and rivers and ponds as well. So naturally, the CG (look back a couple lines, that's Coast Guard) had to go and change it into a hard to understand, less useful list that only used three letters (probably the same guy that decided we didn't need the first two digits in the year field!! - I used the full four digits in the year field cuz I was thinking ahead in my programming and it wasn't that much harder to store). Thus, I am prone to use shorthand, so you better start writing them down if you want to understand what I am writing. I'm not likely to change at this advanced age, I'm pretty set in my ways! Stubborn, whiny, and obstinate as well. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w ------------------------------ Date: Tue, 7 Oct 1997 22:17:28 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] CFMT, CTXS (was more stocks) Patrick, I would be careful with CFMT as it falls into the semi group (see my email just posted). Volume is drying up, and could go either way even tho CS factors look good. Chart suggests it might be trying to roll over, which may reflect sentiment on the group at large. Watch the RS and GRS closely. On CTXS, I don't recall the specific reasons why it tanked so badly before, but the grey matter vaguely recalls earnings problems. From the chart, I don't think I would be a buyer till it could break a new high above 57 5/8, otherwise I would be concerned about it dropping back into the base at 50 (at which point I would watch, but not be a buyer). Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - ---------- > From: Patrick Wahl > To: canslim@mail.xmission.com > Subject: [CANSLIM] more stocks > Date: Tuesday, October 07, 1997 10:37 PM > > Lots of stocks breaking out the last few weeks, better get em while > the getting is good. Here are two that are worth a look, although > the second has exhibited some pretty scary volatility - > > CFM Technologies(CFMT) This one has formed a nice cup and handle > thing, the buy point would be 42. Earnings are accelerating, last > four quarters are +0%, +22%, +56%, +115%. Quarter and year end are > Oct. 31, so no earnings due until December. Estimate for 1997 = > $1.05, for 1998 = $1.65. 8 million shares outstanding. The EPS rank > is low at about 72, but I think the earnings growth overrides the > EPS number as a concern. > > Citrix System( CTXS) This one went from 50 to 10 and back to 50. > Something bad happened in Feb., but whatever it was went away > (maybe someone knows the history on this one?). I'm not sure it is a > good idea to buy a stock that can drop that fast that quickly. > Anyway, sales the last 4 quarters are up +173%, +202%, +177%, +158%, > so they are growing like crazy. Earnings estimates for next two > years are 1997 = $1.10, 1998 = $1.50. ------------------------------ Date: Tue, 07 Oct 1997 22:27:30 -0400 From: Connie Mack Rea Subject: [CANSLIM] Raw stochasstic buys. Members-- These are further pure, raw stochastic buys drawn from my data base. Raw stochastic buys have an almost inexplicable capability of ferreting out stocks that confirm buys using other purely mechanical indicators. E.g., if you run 3|7|10 or 4|8|12 MAs against raw stochastics, you'll find that one will pull up stocks discovered by the other. Of less correlation will be MACD with, perhaps, a 12|26|9 setting. AWT: I will buy 2000 shares tomorrow at 1.8125 or less. I will not buy until I see what the market looks like after 10:00. This purchase is made with some excess change. A bit of a lark. These next three are, for me, legitimate trading stocks. CAV: This closed at 10.88. I will make two purchases. One at 10.63 and a second of an equal amount at 10.88 only into a strong market. This is my third choice of the three stocks. INFN: Closed at 14.38. Will buy this only into a strong market at a price no greater than the close. I've no preference for the other two. NABI: Closed 7.63. Am jumping the gun slightly because I am anticipating a stochastic buy if the stock rises. Will make two buys: One at the close price and a second at 7.5. Same market caveat. Though these are instituted as trading buys for me, they are strong enough to let a short term investor make a bit of money. If you will set up the short term stochastic indicators I suggested above, let them [or your MA indicator] provide your exit. Recall a powerful and, for me, inflexible trading rule: Once you have a profit don't ever fool around with the stock until you've a loss; discipline yourself; don't worry that you didn't get the last eighth; you pay the rent by taking money out of the middle. This strategy implies that you've some get out percentage number. 7% is mine. I.e., if I never have a profit, I will never take more than a 7% loss. [This doesn't apply to my lark buy above.] Connie Mack ------------------------------ Date: Tue, 7 Oct 1997 22:24:49 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Pyramiding up; ANIC, DDDDF My major problem with ANIC is the flat sequential earnings despite revenues showing good increases. Suggests profit margins shrinking rapidly. Would have to examine this one more closely before I would be comfortable with it. My biggest problem with DDDDF is my personal bias against foreign stocks. This is currently increased with the volatility in the US dollar, and latest worries of conflicts in the Mid East between Iran, Iraq and Turkey. There's enough to worry about and unsettle the mkt in the US without adding in these addl factors. 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: Robert Venchiarutti > To: canslim@mail.xmission.com > Subject: [CANSLIM] Pyramiding up; ANIC, DDDDF > Date: Tuesday, October 07, 1997 5:42 AM > > I have a general question about pyramiding up, as it relates to two stocks > I own. I am showing a nice little profit on ANIC and DDDDF. I really like > both stocks. ANIC is a distributor of telecomunications hardware, fiber > optic cable, and related network wire. This is an industry under > consolidation and ANIC has been acquiring smaller regional outfits as part > of growth strategy. DDDDF is a software developer that makes software > designed to automate and integrate various data related tasks. Both have > solid CANSLIM numbers. Basically, I like the prospects of both companies, > think (hope?) both will continue to rise, and I am thinking seriously about > buying more shares of each company. > > We have had several discussions of when to sell, but when is a good time to > pyramid up? It appears to me that both ANIC and DDDDF are consolidating > somewhat in the last month after making a nice little price move. (less > volume, more volume on up days than down days). How does one tell if a > stock is consolidating? Are these stocks consolidating? Assuming a stock > is consolidating, does one what for another spike in volume before > pyramiding up? Is a stock as likely to tank as it is to rise after a > period of consolidation? > > Any and all thoughts on the subject in general (or specifically with ANIC, > DDDDF) are welcome. > > PS While I'm ahead on ANIC and DDDDF, the truth is I probably did not buy > them at the perfect pivot point. Rather, following CANSLIM brought these > stocks to my attention, they both seemed to have recently broken out of > nice C+H patterns, and I purchased probably a week after the ideal time. > Nevertheless, I'm ahead (unlike other stocks I've picked). I'm new to > CANSLIM and find that the entry point is the toughest part of this > startegy. Since pyramiding up is another entry point, I thought everyone > on the list might benefit (especially me :-)) from some insights of the > group. Thanks. > ------------------------------ Date: Tue, 7 Oct 1997 22:30:54 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] pcth OK, OK, so I am a picky (obstinate, whiny) critic. Sorry if I am popping anyone's balloons (but then I give you a few to shoot at and few take the opportunity to give feedback). Thought I might like this one, price and shares outstanding in the range I am looking for. It's got possibilities, but RS 79 weaker than I am looking for (will have to check IBD tomorrow). Nice base just under 5, and it's poking its head above that on good volume for a look-see. Printed it and going on my watch list, but no action for now. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - ---------- > From: RClegg > To: canslim@mail.xmission.com > Subject: [CANSLIM] pcth > Date: Tuesday, October 07, 1997 9:21 PM > > pcth broke out today on record volume. canslim #'s eps 75 rs 79, a cup > and handle formation that I can see. earnings promted the breakout. To > cheap for a canslim pick at 5 1/4. but if any one is interested, good > luck. > > Russell ------------------------------ Date: Tue, 07 Oct 1997 22:37:25 -0400 From: Connie Mack Rea Subject: [CANSLIM] Re: ACTC Tom Worley wrote: > Not the best of doll sized "tea cups" but still I am optimistic > about Misonix (MSON). All it seems to need now is some volume and > is a very small cap (2.9 mil shares issued, and 1.5 mil in the > float). > > ACTC began another minor breakout today, closing at 8.75. My office > was buying a lot since I first gave it to them (and you) around 7. > DG Tech Support reports that their data is now correct, showing > 12.5 mil shares outstanding and 6.5 mil shares in the float. > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be interpreted as a recommendation > of any kind. I am a licensed (inactive) broker and an active > investor. All investors should do their own research prior to any > investment, especially one learned about on the Internet. Hopefully > my comments will better inform and educate all investors. > > tom w Tom-- Just took a look at ACTC. Think I'll trade some tomorrow. Believe there is some fruit ready to be made into juice. Connie Mack ------------------------------ Date: Tue, 7 Oct 1997 23:13:28 -0400 From: "K Strauss" Subject: Re: [CANSLIM] CFMT, CTXS (was more stocks) The fall of CTXS was actually due to a statement by a Microsoft employee that they were developing a competitive product. The rise to old levels resulted when Microsoft injected significant cash for their development efforts. - -----Original Message----- From: Tom Worley To: canslim@mail.xmission.com Date: Tuesday, October 07, 1997 10:13 PM Subject: Re: [CANSLIM] CFMT, CTXS (was more stocks) >Patrick, > >I would be careful with CFMT as it falls into the semi group (see >my email just posted). Volume is drying up, and could go either way >even tho CS factors look good. Chart suggests it might be trying to >roll over, which may reflect sentiment on the group at large. Watch >the RS and GRS closely. > >On CTXS, I don't recall the specific reasons why it tanked so badly >before, but the grey matter vaguely recalls earnings problems. From >the chart, I don't think I would be a buyer till it could break a >new high above 57 5/8, otherwise I would be concerned about it >dropping back into the base at 50 (at which point I would watch, >but not be a buyer). > >Any statements or opinions are strictly my own and not that of my >employer. My comments should not be interpreted as a recommendation >of any kind. I am a licensed (inactive) broker and an active >investor. All investors should do their own research prior to any >investment, especially one learned about on the Internet. Hopefully >my comments will better inform and educate all investors. > >tom w > >---------- >> From: Patrick Wahl >> To: canslim@mail.xmission.com >> Subject: [CANSLIM] more stocks >> Date: Tuesday, October 07, 1997 10:37 PM >> >> Lots of stocks breaking out the last few weeks, better get em >while >> the getting is good. Here are two that are worth a look, >although >> the second has exhibited some pretty scary volatility - >> >> CFM Technologies(CFMT) This one has formed a nice cup and handle >> thing, the buy point would be 42. Earnings are accelerating, >last >> four quarters are +0%, +22%, +56%, +115%. Quarter and year end >are >> Oct. 31, so no earnings due until December. Estimate for 1997 = >> $1.05, for 1998 = $1.65. 8 million shares outstanding. The EPS >rank >> is low at about 72, but I think the earnings growth overrides the > >> EPS number as a concern. >> >> Citrix System( CTXS) This one went from 50 to 10 and back to 50. >> Something bad happened in Feb., but whatever it was went away >> (maybe someone knows the history on this one?). I'm not sure it >is a >> good idea to buy a stock that can drop that fast that quickly. >> Anyway, sales the last 4 quarters are up +173%, +202%, +177%, >+158%, >> so they are growing like crazy. Earnings estimates for next two >> years are 1997 = $1.10, 1998 = $1.50. > ------------------------------ Date: Tue, 7 Oct 1997 23:12:48 -0400 From: "Tom Worley" Subject: [CANSLIM] Chip makers/AMD As an addition to my earlier post on this topic, forgot to mention that Adv Micro Devices, which was up nearly two full pts today, reported earnings after the close that failed to meet estimates. Reported a 22 cent loss compared to First Call estimate of 13 cent loss and Barron's estimate of a 12 cent loss. BTW, during the prime earnings cycle such as we are now in, Barron's carries a weekly list of earnings forecasts for those interested. If you are as cheap as I, and can't get it off your news server, then there is always the public library and their copier at 20 cents or so a page. 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: Tue, 7 Oct 1997 23:18:40 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re: ACTC I am looking (hoping) for a minor pullback on the open, altho not optimistic (best scenario is this, accompanied by an obscene gap up in MSON forcing me to take profits in that one so I can jump on ACTC). AMD's results after the close today may weigh on the tech sectors pretty hard, then again they may just be ignored. 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: Connie Mack Rea > To: canslim@mail.xmission.com > Subject: [CANSLIM] Re: ACTC > Date: Tuesday, October 07, 1997 10:37 PM > > Tom Worley wrote: > > > ACTC began another minor breakout today, closing at 8.75. My office > > was buying a lot since I first gave it to them (and you) around 7. > > DG Tech Support reports that their data is now correct, showing > > 12.5 mil shares outstanding and 6.5 mil shares in the float. > > > Tom-- > > Just took a look at ACTC. Think I'll trade some tomorrow. Believe > there is some fruit ready to be made into juice. > > Connie Mack > ------------------------------ Date: Wed, 08 Oct 1997 11:41:42 -0400 From: Douglas Dame Subject: Re: [CANSLIM] CTXS (was more stocks) At 10:17 PM 10/7/97, Tom wrote: > >On CTXS, I don't recall the specific reasons why it tanked so badly >before, but the grey matter vaguely recalls earnings problems. From >the chart, I don't think I would be a buyer till it could break a >new high above 57 5/8, otherwise I would be concerned about it >dropping back into the base at 50 (at which point I would watch, >but not be a buyer). > CTXS makes some sort of clever software that basically lets Win-95 apps, from a fileserver, run on obsolete machines .. like 386s, for example. This is exciting stuff to people who want to have the power of a PC instead of a "dumb terminal" for mainframes and such ... but without having to pay pentium prices to replace 1000's of dumb terminals. My recollection is that price plummeted a while ago when Microsoft said "gee, guys, we're not doing to re-new our development agreement with you, WE can do THIS ourselves." The stock predictably took a swan dive. A few months later, Microsoft decided that maybe it wasn't as simple as they had thought and/or would take more time to do, and they came back to Citrix and said "Gee, guys, can we make a deal?" ... and the stock just TOOK OFF. Some of the computer systems guys I work with got in at the right time and thoroughly enjoyed themselves, but I stayed on the sidelines. I don't recall that any of the price movement could have been really attributed to actual announced earnings, mostly just investor expectations and speculation. HTH. Douglas Dame -- Interlachen FL ------------------------------ Date: 8 Oct 97 16:08:13 From: Dean Edwards Subject: Re: [CANSLIM] CFMT, CTXS (was more stocks) As I recall from memory, CTXS tanked because Microsoft threatened to pull out of a liciense agreement with the company.Microsoft actually owns shares in the company, I think about 5%. But at one stage, it look likely that Microsoft was not going to use the CTXS propriperity software in their NT servers and Microsoft said they were going to develop their own software for it. This ploy worked in Microsoft's favor, it agreed to use the CTXS software only after achieving a better license agreement for themselves. On CTXS, I don't recall the specific reasons why it tanked so badly before, but the grey matter vaguely recalls earnings problems. From the chart, I don't think I would be a buyer till it could break a new high above 57 5/8, otherwise I would be concerned about it dropping back into the base at 50 (at which point I would watch, but not be a buyer). > > Citrix System( CTXS) This one went from 50 to 10 and back to 50. > Something bad happened in Feb., but whatever it was went away > (maybe someone knows the history on this one?). I'm not sure it is a > good idea to buy a stock that can drop that fast that quickly. > Anyway, sales the last 4 quarters are up +173%, +202%, +177%, +158%, > so they are growing like crazy. Earnings estimates for next two > years are 1997 = $1.10, 1998 = $1.50. __________________________________________________________________________________ ------------------------------ End of canslim Digest V1 #310 ***************************** To subscribe to canslim Digest, send the command: subscribe canslim-digest in the body of a message to "majordomo@xmission.com". If you want to subscribe something other than the account the mail is coming from, such as a local redistribution list, then append that address to the "subscribe" command; for example, to subscribe "local-canslim": subscribe canslim-digest local-canslim@your.domain.net A non-digest (direct mail) version of this list is also available; to subscribe to that instead, replace all instances of "canslim-digest" in the commands above with "canslim". Back issues are available for anonymous FTP from ftp.xmission.com, in pub/lists/canslim/archive. These are organized by date.