From: canslim-owner@xmission.com (canslim Digest) To: canslim-digest@xmission.com Subject: canslim Digest V1 #312 Reply-To: canslim@xmission.com Sender: canslim-owner@xmission.com Errors-To: canslim-owner@xmission.com Precedence: canslim Digest Friday, October 10 1997 Volume 01 : Number 312 In this issue: Re: [CANSLIM] Groups with the greatest % of stocks making new highs. [CANSLIM] Three to Watch RE: [CANSLIM] YHOO (Yahoo) Re: [CANSLIM] Daily Graphs Re: [CANSLIM] CDG...your thoughts [CANSLIM] ADVH; OLGC Re: [CANSLIM] Daily Graphs [CANSLIM] RADAF does as expected Re: [CANSLIM] Three to Watch [CANSLIM] Real timequotes Re: [CANSLIM] Real timequotes [CANSLIM] Canslim Buys [?] [CANSLIM] JBIL [CANSLIM] RE: KLAC Re: [CANSLIM] CDG..and OLOG...your thoughts [CANSLIM] HSKL ? Re: [CANSLIM] HSKL ? Re: [CANSLIM] JBIL [CANSLIM] Earnings Results, 10/9/97 [CANSLIM] Re: Oils Re: [CANSLIM] JBIL [CANSLIM] Re: Oils Fw: [CANSLIM] Re: Oils Re: Fw: [CANSLIM] Re: Oils Re: Fw: [CANSLIM] Re: Oils Re: [CANSLIM] Re: Oils [CANSLIM] NYSE highs on Thursday - TTN Fw: Fw: [CANSLIM] Re: Oils Fw: [CANSLIM] Re: Oils [CANSLIM] Short Interest Re: [CANSLIM] Re: Oils See the end of the digest for information on subscribing to the canslim or canslim-digest mailing lists and on how to retrieve back issues. ---------------------------------------------------------------------- Date: Thu, 09 Oct 1997 04:13:22 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Groups with the greatest % of stocks making new highs. On Wed, 8 Oct 1997 17:08:39 -0400, you wrote: :IBD Readers : :If you follow Groups with the greatest % of stocks making new highs. :Here is a web site that list the stocks in each group and gives a = current :market quotation of all securities in the group. :http://www.tradepbs.com/qsys/web/head/indind : : :Dennis Dennis, My browser cannot find this site. Could you paste in one that will work? Thanks. : ------------------------------ Date: Thu, 9 Oct 1997 18:46:58 GMT+7 From: Peter Christiansen Subject: [CANSLIM] Three to Watch ADVH, EMLTF, & TFS might be worth keeping an eye on for possible breakouts. Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ Southern DOS: Y'all reckon? (yep/Nope) ------------------------------ Date: Thu, 9 Oct 1997 06:24:22 -0700 From: Brian Nash Subject: RE: [CANSLIM] YHOO (Yahoo) They may be in the same group, but YHOO and SCTC are about as different as you could imagine. SCTC is an old-line vertical-market consulting company whose primary revenues derive from customization of their mainframe software packages for universities, the utilities industry and municipal tax collection agencies. Think of something like a Datastream Systems that also does straight contract programming and you'll have a good idea of SCTC. I worked with a handful of former SCTC managers and employees for the better part of the 80s, and they are as good as any I have ever seen. My offhand guess would be that anticipatory changes to accounting and billing software as a result of utilities deregulation is an important driver of the current earnings growth, and you'd like SCTC as long as you thought that was going to continue. ---------- From: Tom Worley [SMTP:stkguru@netside.net] Sent: Wednesday, October 08, 1997 10:04 PM To: CANSLIM Cc: Jacques Ferron Subject: [CANSLIM] YHOO (Yahoo) Yahoo beat earnings estimates after the close today (3 cents net vs expectation of 1 cent and a loss a year ago). Led me to check the top stocks in its group (Computer Svcs) as well as the group where NSCP, CMPC, SPYG etc are found (Computer Software). Noticed an interesting anomoly in the Computer Software group, btw, four of the top five are foreign cos, however none looked real attractive. In Yahoo's group, the top four (YHOO is nr 2) didn't look that attractive, however #5 is SCTC (not to be confused with ACTC) and looks quite good. At $45/share or so, bit pricey for my budget, but the chart looks good and may benefit from heightened expectations as result of YHOO results. It's due to report 10/28 and last qtr earnings were up over 100%. Float is 10.8 mil shares out of issue of 15.2 mil, with funds only holding 14% on last report, so mngmt has a good stake. Rest of CS elements also look equally favorable. 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: Thu, 09 Oct 1997 10:06:57 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] Daily Graphs Dave Isbell wrote: > Connie, > I too would like the English version of how you picked those stocks. > === Dave (Others)-- Must have missed your question, maybe others'. Would never ignore any member's comment. Perhaps you, or another member, would copy me as well as the group. I don't get a chance to read every member's mail. Connie Mack ------------------------------ Date: Thu, 9 Oct 1997 10:42:41 -0400 (EDT) From: Dbphoenix@aol.com Subject: Re: [CANSLIM] CDG...your thoughts In a message dated 97-10-09 09:18:55 EDT, you write: << Greetings, I am new to the list and have been lurking (when I have time!) and have run across an interesting stock that I think may be a Canslim stock although it may be later than appropriate to buy. The company is Cliffs Drilling Company, CDG. I ran across it because I was in and got stopped out of UTI recently, and was looking for other stocks in the Oil sector. It appears to have good numbers, and what appears to be a cup with handle that started to break out on not too strong volume in late September. I would appreciate any thoughts and comments on looking at this stock strictly from the CS perspective , as well as from a general one. Thanks in advance>> CDG is CS, but take care with it and with most of the oils. A lot of people are coming to the party very late and the punchbowl is nearly empty, at least in the near-term. UTI, for example, is well beyond its '98 price target, one of the reasons I sold at 40 (I bought at 11, so I can't complain). Several others are approaching near-term full value. I calculate CDG, for example, at 80-82. If those few points are worth it to you, go for it, but note that this is a very volatile stock, due in large part to its relatively small float (UTI had the same thing going for it before the split, though its float is still far less than most of the other drillers and service companies). Earnings are due out on most of these in the next two weeks, and, if they're good, the momentum players may carry the stocks out a bit further. But I'm happy with what I've got and have almost always regretted being piggy, so I intend to start exiting as each reaches my price targets, regardless of what happens afterward. - ----Db ------------------------------ Date: Thu, 09 Oct 1997 11:12:52 -0400 From: Connie Mack Rea Subject: [CANSLIM] ADVH; OLGC Members-- ADVH gave me a buy yesterday. I will be giving it serious consideration when I unravel two trades left over from yesterday. It's11:00. This morning I am attempting to buy OLGC at 6. One member mentioned to me that he is in IDTI at 13. The stock gave, for me, a buy yesterday at 12.75. Connie Mack ------------------------------ Date: Thu, 9 Oct 1997 22:39:04 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] Daily Graphs ** Reply to note from Dave Isbell Wed, 08 Oct 1997 20:17:52 -0700 > Peter, > How do you seem to keep finding these stocks BEFORE they go up? What > criteria are you using to set up your scans? I prefer to not go into great detail, but basically I scan for stocks that are close to (but not above) their yearly highs, and are under accumulation. They should also have high RS. Cheers, Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ Music is the only completely legal pleasure ------------------------------ Date: Thu, 9 Oct 1997 22:44:29 GMT+7 From: Peter Christiansen Subject: [CANSLIM] RADAF does as expected RADAF is trading at new highs today, confirming my suspicions that it was ready to go. Happily I spent most of yesterday pyramiding into it as it crept up. Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ A phaser on stun is like a day without orange juice. ------------------------------ Date: Thu, 9 Oct 1997 11:20:36 -0500 From: "Ricardo Bekin" Subject: Re: [CANSLIM] Three to Watch I'd like to add ADMG, the sucker just keeps going up and volume today is heavy. Their fiscal year ends in November, so they have already reported the results for the 3rd quarter (which were very good). They also just bought back 2 million shares (19% of the float). http://biz.yahoo.com/bw/97/09/23/admg_y0006_1.html Ricardo - ---------- > From: Peter Christiansen > To: CANSLIM > Subject: [CANSLIM] Three to Watch > Date: Thursday, October 09, 1997 1:46 PM > > ADVH, EMLTF, & TFS might be worth keeping an eye on for possible breakouts. > > Peter Christiansen > Chiang Mai, Thailand > > Connected with OS/2 Warp 3.0 & The Post Road Mailer > ____________________________________________________________________________ _________ > > Southern DOS: Y'all reckon? (yep/Nope) > ------------------------------ Date: Thu, 09 Oct 1997 14:40:32 -0400 From: sam Subject: [CANSLIM] Real timequotes Does anyone notice Datek's "real time" quotes aren't real time. I have two on-line brokers and did a test the other day and found datek's "real time quotes" to be slower than Yahoo's 15 min delayed quotes. They were not always later than Yahoo's but every once in a while they would be. I also compaired them to DLJ online (formerly PCFN) and found they had slower quotes than DLJ everytime. I am sending them within a fraction of a second apart and I am seeing a greater discrepancy than I would have imagined. Has anyone else tried this test? What were your results? Sam sam5@mindspring.com ------------------------------ Date: Thu, 09 Oct 1997 15:43:47 -0400 From: "William E. Morrison" Subject: Re: [CANSLIM] Real timequotes Sam, I thought no one else noticed. My dad uses two different real time quote sources and compares the volume to check which one is supplying the best quotes for that given day. It is not always the same one giving the best quotes. He uses Etrade and Radio Exchange (I think). I do the same with delayed quotes. I have opened as many as ten or so windows in Netscape and then I may follow 6 to 10 stocks in each. By checking the volume you can tell where each service is. Sometimes one service is as much as 45 minutes behind or more, and all are delayed quotes. I also check the volume at the end of the day because some are late in reporting volume on other exchanges or don't report it at all, i.e. a New York stock trading on the Philadelphia exchange. If they are always short at the end of the day I don't use them again. I have found Yahoo in the middle and Pacific Brokerage generally at the top. Bill Morrison >sam wrote: > > Does anyone notice Datek's "real time" quotes aren't real time. I have two > on-line brokers and did a test the other day and found datek's "real time > quotes" to be slower than Yahoo's 15 min delayed quotes. They were not > always later than Yahoo's but every once in a while they would be. I also > compaired them to DLJ online (formerly PCFN) and found they had slower > quotes than DLJ everytime. I am sending them within a fraction of a second > apart and I am seeing a greater discrepancy than I would have imagined. > > Has anyone else tried this test? What were your results? > > Sam > sam5@mindspring.com ------------------------------ Date: Thu, 09 Oct 1997 16:28:57 -0400 From: Connie Mack Rea Subject: [CANSLIM] Canslim Buys [?] Members-- Not my own discoveries, but were offered as CS stocks. CANSLIM ======== 1YR Q SALES 5YR SHARES INSTIT RELATIVE GROW % EPS% OUT Mil OWN % PRICE % ------ ----- ------- ------- ------- KLIC 90.32 15.93 19.68 60.98 87.98 PRIA 55.98 47.17 14.82 72.15 88.93 CANSLIM - LOW BAR ================== 1YR Q SALES 5YR SHARES INSTIT RELATIVE GROW % EPS% OUT Mil OWN % PRICE % ------ ------ ------- ------- ------- KLIC 90.32 15.93 19.68 60.98 87.98 PRIA 55.98 47.17 14.82 72.15 88.93 Connie Mack ------------------------------ Date: Thu, 9 Oct 1997 14:11:48 -0700 (PDT) From: Tim Fisher Subject: [CANSLIM] JBIL Anyone know what's up with JBIL? Jumped on expected earnings (due today) and lost most of it today. No news, earnings or otherwise. Is this "late must be bad" psychology? 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: Thu, 09 Oct 1997 19:09:57 -0400 From: Connie Mack Rea Subject: [CANSLIM] RE: KLAC Members-- Since posting KLAC as a CS buy [by friend], I have run it through five of my short term indicators. Two of the trading indicators gave a buy. The other three gave a general confirmation. Not usually do trading indicators coincide with investment indicators. The conjunction does confirm that there is an overlapping of indicators at certain stages of a stock's life. I will be interested in seeing if the overlapping here raises the chances of success. I will not be a buyer of the stock, for I am nearly fully invested. Someone might wish to run the stock through his own indicators to see where the overlap lies in his system. I'll take a look at the stock [PRIA] that was posted with KLAC later. I will be buying SIII at tomorrow's open for a three to five day trade. Connie Mack ------------------------------ Date: Thu, 9 Oct 1997 20:19:51 +0000 From: "Lost" Subject: Re: [CANSLIM] CDG..and OLOG...your thoughts > CDG is CS, but take care with it and with most of the oils. A lot of people > are coming to the party very late and the punchbowl is nearly empty, at least > in the near-term. UTI, for example, is well beyond its '98 price target, one > of the reasons I sold at 40 (I bought at 11, so I can't complain). Several > others are approaching near-term full value. I calculate CDG, for example, > at 80-82. If those few points are worth it to you, go for it, but note that > this is a very volatile stock, due in large part to its relatively small > float (UTI had the same thing going for it before the split, though its float > is still far less than most of the other drillers and service companies). > > Earnings are due out on most of these in the next two weeks, and, if they're > good, the momentum players may carry the stocks out a bit further. But I'm > happy with what I've got and have almost always regretted being piggy, so I > intend to start exiting as each reaches my price targets, regardless of what > happens afterward. > > ----Db > Another stock that appears to have just broken out in the same category is OLOG. It is a more recent breakout with much better volume for the last few days. It looks like this oil related stock may have been overlooked up until recently since it is involved in logistical supply of offshore oilwells and not directly invoved with the drilling. Any thoughts on this one????? Lost ------------------------------ Date: Thu, 9 Oct 1997 20:20:18 -0400 From: "Charles F. Corbit III" Subject: [CANSLIM] HSKL ? Just wondering if anyone has any thoughts on this. I know it doesn't have great canslim numbers, but I added it to my stock watch awhile back off of the DG highest growth report. The growth number confuses me as when I look at the quarterly numbers, it does not seem to work out, however, I still thought the short term TA picture looked good for a trade, so I picked it up today. Can someone please give me a quick lesson on the growth numbers ? Haskel International (HSKL) Growth 146% RS 62 EPS 86 Float 3.7 GRS 53 A/D D PE 13 Thanks in advance, Charlie ------------------------------ Date: Thu, 9 Oct 1997 20:47:21 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] HSKL ? Without even looking at the chart, the A/D of D (indicating distributional) confirms the low RS of 62. Not my cup of tea right there, and I would look for a better candidate. May work out, hope it does, but for me lessens the probability of being right. Between RS and EPS, in today's mkt I want RS real high, and accept lower EPS so long as recent qtrs show good increases. 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: Charles F. Corbit III > To: CANSLIM GROUP > Subject: [CANSLIM] HSKL ? > Date: Thursday, October 09, 1997 8:20 PM > > Just wondering if anyone has any thoughts on this. I know it doesn't have > great canslim numbers, but I added it to my stock watch awhile back off of > the DG highest growth report. > > The growth number confuses me as when I look at the quarterly numbers, it > does not seem to work out, however, I still thought the short term TA > picture looked good for a trade, so I picked it up today. > > Can someone please give me a quick lesson on the growth numbers ? > > > Haskel International (HSKL) > > Growth 146% > RS 62 > EPS 86 > Float 3.7 > GRS 53 > A/D D > PE 13 > > > Thanks in advance, > > Charlie > ------------------------------ Date: Thu, 9 Oct 1997 20:48:44 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] JBIL Tim, I noticed that there was news on it today, possibly after the close, but I didn't pull up the story so don't know if it was significant. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - ---------- > From: Tim Fisher > To: canslim@mail.xmission.com > Subject: [CANSLIM] JBIL > Date: Thursday, October 09, 1997 5:11 PM > > Anyone know what's up with JBIL? Jumped on expected earnings (due today) and > lost most of it today. No news, earnings or otherwise. Is this "late must be > bad" psychology? > > 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: Thu, 9 Oct 1997 21:43:32 -0400 From: "Tom Worley" Subject: [CANSLIM] Earnings Results, 10/9/97 I may revert to only posting First Call earnings forecasts, as it seems the Bear Stearns list isn't adjusting for any pre-announcements, leaving it well away from FC. Today, WDC reported 67 cents vs expectations of 65 cents and was trading up nearly 1.5 pts in after mkt action. ASND also reported today, at 20 cents with estimate at 18 cents. PWAV reported 26 cents vs estimate of 21 cents, and was up 5.25 in regular trading. However, BROD missed estimates at an operating loss of 11 cents vs estimate of a op loss of 2 cents, and still was up 2.125 in regular trading. It's still very early in the Q3 earnings cycle, but my initial impression is that it looks and feels a lot like the Q1 figures, far more with positive surprises than in line or negative, but most by only one cent. No major disasters, but also few huge pos surprises. 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: Thu, 09 Oct 1997 18:52:47 -0700 From: Tim Fisher Subject: [CANSLIM] Re: Oils At 08:19 PM 10/9/97 +0000, you wrote: > >> CDG is CS, but take care with it and with most of the oils. A lot of people >> are coming to the party very late and the punchbowl is nearly empty, at least >> in the near-term. UTI, for example, is well beyond its '98 price target, one >> of the reasons I sold at 40 (I bought at 11, so I can't complain). Several >> others are approaching near-term full value. I calculate CDG, for example, >> at 80-82. If those few points are worth it to you, go for it, but note that >> this is a very volatile stock, due in large part to its relatively small >> float (UTI had the same thing going for it before the split, though its float >> is still far less than most of the other drillers and service companies). >> >> Earnings are due out on most of these in the next two weeks, and, if they're >> good, the momentum players may carry the stocks out a bit further. Like UTI, NR, MAVK, LSS, KEG, EVI, CAM, all up significantly the past 2 days and at all-time highs. Doesn't look like the party's quite over. Article I read 2 days ago projected this is just the beginning of a 10 year run for the domestic drillers and drilling support inds due to new technology and a general lack of understanding of the industry's potential in the past by the Street. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------ Date: Thu, 09 Oct 1997 18:52:50 -0700 From: Tim Fisher Subject: Re: [CANSLIM] JBIL At 08:48 PM 10/9/97 -0400, you wrote: >Tim, I noticed that there was news on it today, possibly after the >close, but I didn't pull up the story so don't know if it was >significant. > After market close, JABIL CIRCUIT INC reported 4Q EPS of $0.47 vs $0.17 on revenues of $305.2 mln vs $174.1 mln last year. Analysts' mean estimates were $0.45, according to First Call. For FY 97 the company reported EPS of $1.37 vs $0.67 last year. Guess they got punished ahead of time for not beating the estimates by more than $.02. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! ------------------------------ Date: 10 Oct 97 18:31:22 From: Dean Edwards Subject: [CANSLIM] Re: Oils I've been studying the oil industry stocks in the last couple of weeks. Half the time, I'm just speed reading stuff. But I saw two articles that caught my attention. Oil analysts have already factored in on the earning surprises for this quarter. Generally they are conservative but don't expect any more major "upside" earning surprises. A word of caution was hinted in the article: Don't just throw a dart at the dart board and expect any oil stock you pick to move up. At the moment it seems to be that way. But CANSLIM takes care of that issue. The only real juicy piece of news that I have read, was that a deep-sea oil rig manufacturer said the had a massive backlog of work. There was a shortage of deep sea oil rigs, the current ones at sea don't dig as deep (older technology) and they are now 10 years old and depreciating fast. Gotta keep fixing em for repairs and like "cars" they tend to rust and you are forced to build new ones. I have not done enough research but would like know how the tanker industry is doing. They are a cyclical industry. As a group they are tied in with the fortunes of the oil industry. Are they rising or dying? I still don't have a satisfactory answer as to why they are surging as a whole. World oil consumption seems to be in check, inflation is low, even oil prices are steady, and no war or political turmoil's involved. I like to think of the big questions. What is driving the Oil Stocks up? That's why I' m wary about investing in this group. If I don't understand something, I don't invest in it. The law of supply and demand usually prevails. Do they the "oil industry" anticipate a shortage. A good speculator spies and observes. The only thing I read or see in the business news, has been this sudden activity in "searching" tapping for new oil fields or trying to rehash old dis-used oil fields. Congratulations on the member of this CANSLIM forum who picked the oil industry group some months ago, before it came into prominence. I don't anticipate this group collapsing at all in the short term - 6-12 months. Could this be our new bull market group, that leads the market upward? At 08:19 PM 10/9/97 +0000, you wrote: > >> CDG is CS, but take care with it and with most of the oils. A lot of people >> are coming to the party very late and the punchbowl is nearly empty, at least >> in the near-term. UTI, for example, is well beyond its '98 price target, one >> of the reasons I sold at 40 (I bought at 11, so I can't complain). Several >> others are approaching near-term full value. I calculate CDG, for example, >> at 80-82. If those few points are worth it to you, go for it, but note that >> this is a very volatile stock, due in large part to its relatively small >> float (UTI had the same thing going for it before the split, though its float >> is still far less than most of the other drillers and service companies). >> >> Earnings are due out on most of these in the next two weeks, and, if they're >> good, the momentum players may carry the stocks out a bit further. Like UTI, NR, MAVK, LSS, KEG, EVI, CAM, all up significantly the past 2 days and at all-time highs. Doesn't look like the party's quite over. Article I read 2 days ago projected this is just the beginning of a 10 year run for the domestic drillers and drilling support inds due to new technology and a general lack of understanding of the industry's potential in the past by the Street. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! __________________________________________________________________________________ ------------------------------ Date: Fri, 10 Oct 1997 20:55:17 +1300 From: "Dean Edwards" Subject: Fw: [CANSLIM] Re: Oils I find CANSLIM subjective. You can have two people look at the same stock and one of those persons wouldn't dare buy it and the other one would. For various reasons, it does or doesn't meet their criteria because of fundamentals or chart patterns. But if any of you come across an oil industry stock $30 or less that you like, please post it and I will study it. - ---------- > From: Dean Edwards > To: canslim > Subject: [CANSLIM] Re: Oils > Date: Saturday, October 11, 1997 7:31 AM > > I've been studying the oil industry stocks in the last couple of weeks. ------------------------------ Date: Fri, 10 Oct 1997 06:27:07 -0500 From: "Gess Shankar" Subject: Re: Fw: [CANSLIM] Re: Oils On 10 Oct 97 at 20:55, Dean Edwards wrote: > I find CANSLIM subjective. You can have two people look at the same > stock and one of those persons wouldn't dare buy it and the other > one would. For various reasons, it does or doesn't meet their > criteria because of fundamentals or chart patterns. But if any of > you come across an oil industry stock $30 or less that you like, > please post it and I will study it. > How about NEGX and NORT (was DSIC) ? I am in both and both have posted gains in a short period of time. As under $10 issues, it may not be of much interest to true Canslimmers. But I got in DSIC at 2 1/2 (gave me buy signal for day trade), the very next day it changed symbol to NORT, declared good earnings and went up to 4 15/16 on 3x ADV, causing me to take profit by selling part. It pulled back to 4 and seems to me that there is still some steam short term. Any long term prognostications? Gess ------------------------------ Date: Fri, 10 Oct 1997 06:38:39 +0000 From: "Lost" Subject: Re: Fw: [CANSLIM] Re: Oils > From: "Dean Edwards" > To: > Subject: Fw: [CANSLIM] Re: Oils > Date: Fri, 10 Oct 1997 20:55:17 +1300 > Reply-to: canslim@mail.xmission.com > I find CANSLIM subjective. You can have two people look at the same stock > and one of those persons wouldn't dare buy it and the other one would. For > various reasons, it does or doesn't meet their criteria because of > fundamentals or chart patterns. But if any of you come across an oil > industry stock $30 or less that you like, please post it and I will study > it. > Dean, Take a look at OLOG and give me your thoughts. Thanks Lost ------------------------------ Date: Fri, 10 Oct 1997 07:01:25 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re: Oils I think the simple answer on the supply-demand issue is that the world continues to advance in both technology (more machinery) and population (more transportation and consumer goods using oil products). Thus, every year more crude is needed to meet a steadily increasing demand. Any disruption (for example in the Mideast) would tighten the existing adequate supply and cause shortages. I think the oil industry is planning for the future and want to have fields ready as needed. In addition, newer technology is now making known fields economical to exploit where in the past, much higher prices were needed to make them profitable. 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: Dean Edwards > To: canslim > Subject: [CANSLIM] Re: Oils > Date: Friday, October 10, 1997 2:31 PM > > I still don't have a satisfactory answer as to why they are surging as a > whole. World oil consumption seems to be in check, inflation is low, even oil > prices are steady, and no war or political turmoil's involved. > > I like to think of the big questions. What is driving the Oil Stocks up? ------------------------------ Date: Fri, 10 Oct 1997 07:24:35 -0400 From: "Tom Worley" Subject: [CANSLIM] NYSE highs on Thursday - TTN Took a look at some of the new highs on NYSE from Thursday, again looking for small cap types under $20. Only one I saw that I really liked was TTN (Titan) in the computer - peripheral equipment group. Noted two in the auto parts aftermkt group but neither met my requirements altho one was interesting, lots of insider buying, yesterday's vol was over 1.6 mil shares on ADV of 64,000. Neither earnings nor revenues would explain such. EPS is only 25. Anyone noted anything going on in that group? Also noted one closed end fund that invests in small caps, NAV had been dropping until latest qtr when it jumped 16%, will be interesting to see latest qtr results. 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: Sat, 11 Oct 1997 01:02:18 +1300 From: "Dean Edwards" Subject: Fw: Fw: [CANSLIM] Re: Oils I don't consider myself to be an expert in CANSLIM and this is only my personal assessment. NEGX is a gem. Its on my watch list. Like the chart pattern - -nice smooth uptrend and the recent volume action has been terrific. Looked at Nort and can't really comment on it except to say, your much braver then me :-) Good luck with your investment! I like to paraphrase Peter Lynch. If a stock advances from $2-$4 its fine to tune in 6-9 months later and buy it at $6-8. I would prefer to see its chart pattern over a longer time frame for Nort say 3-6 months plus an analyst upgrade or coverage of the company helps. You have to watch the stock price constantly and I'm not qualified on the art of day trading. Anyone can tout this stock and you only need a killer downgrade or even better rumours of negativity about the company which can't be traced and the the stock drops like a rock. Only the insiders truely know whats going on. If you have done your home work on the company, trust the management and know it inside out and have faith in it, then you have nothing to worry about. - ---------- > From: Gess Shankar > To: canslim@mail.xmission.com > Subject: Re: Fw: [CANSLIM] Re: Oils > Date: Saturday, October 11, 1997 12:27 AM > > On 10 Oct 97 at 20:55, Dean Edwards wrote: > > > I find CANSLIM subjective. You can have two people look at the same > > stock and one of those persons wouldn't dare buy it and the other > > one would. For various reasons, it does or doesn't meet their > > criteria because of fundamentals or chart patterns. But if any of > > you come across an oil industry stock $30 or less that you like, > > please post it and I will study it. > > > > How about NEGX and NORT (was DSIC) ? I am in both and both have > posted gains in a short period of time. As under $10 issues, it may > not be of much interest to true Canslimmers. But I got in DSIC at > 2 1/2 (gave me buy signal for day trade), the very next day it > changed symbol to NORT, declared good earnings and went up to 4 15/16 > on 3x ADV, causing me to take profit by selling part. It pulled back > to 4 and seems to me that there is still some steam short term. Any > long term prognostications? > > Gess ------------------------------ Date: Sat, 11 Oct 1997 01:15:33 +1300 From: "Dean Edwards" Subject: Fw: [CANSLIM] Re: Oils Tom, You hit the nail on the head! The factors you mentioned have answered my question. I couldn't see the wood through the trees. - ---------- > From: Tom Worley > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Re: Oils > Date: Saturday, October 11, 1997 12:01 AM > > I think the simple answer on the supply-demand issue is that the > world continues to advance in both technology (more machinery) and > population (more transportation and consumer goods using oil > products). Thus, every year more crude is needed to meet a steadily > increasing demand. Any disruption (for example in the Mideast) > would tighten the existing adequate supply and cause shortages. I > think the oil industry is planning for the future and want to have > fields ready as needed. In addition, newer technology is now making > known fields economical to exploit where in the past, much higher > prices were needed to make them profitable. > > 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: Dean Edwards > > To: canslim > > Subject: [CANSLIM] Re: Oils > > Date: Friday, October 10, 1997 2:31 PM > > > > I still don't have a satisfactory answer as to why they are > surging as a > > whole. World oil consumption seems to be in check, inflation is > low, even oil > > prices are steady, and no war or political turmoil's involved. > > > > I like to think of the big questions. What is driving the Oil > Stocks up? > ------------------------------ Date: Fri, 10 Oct 1997 12:56:49 GMT From: musicant@autobahn.org (Dan Musicant) Subject: [CANSLIM] Short Interest I have what I think you'd have to call a vague idea of what "short interest" is. I've never bought or sold short, to my knowledge.=20 DG Online has short interest figures posted on covered stocks. I have no idea whatsoever how to interpret these figures. Can someone instruct me how to interpret these figures: - -------------------------------------------------------------------------= - ---- Short Interest: - - - - - 19.1 DAYS + 26% - - - - - 3.3 DAYS -68% - - - - - 0.4 DAYS + 81% - - - - - 0.5 DAYS -26% - - - - - 0.5 DAYS + 20% - - - - - 1.5 DAYS -7% - - - - - 0.2 DAYS -53% - -------------------------------------------------------------------------= - ---- Thanks. Dan ------------------------------ Date: Fri, 10 Oct 1997 09:39:33 -0400 (EDT) From: Dbphoenix@aol.com Subject: Re: [CANSLIM] Re: Oils In a message dated 97-10-10 02:12:04 EDT, you write: << I have not done enough research but would like know how the tanker industry is doing. They are a cyclical industry. As a group they are tied in with the fortunes of the oil industry. Are they rising or dying? I still don't have a satisfactory answer as to why they are surging as a whole. World oil consumption seems to be in check, inflation is low, even oil prices are steady, and no war or political turmoil's involved. >> I don't pretend to be an expert in all this. I bought UTI, AZZ, KEG and VPI simply because they shows up on a scan several months ago. It wasn't until a bit later that I realized the whole group was rising and set out to educate myself so I could pick up a few more companies. Demand is or is expected to rise because of Asia, particularly China. At the same time, there's a shortage of rigs for various reasons. Hence, the increase in profits. Similar to the chip story a couple of years ago, when MU shot up to 95. In this case, however, demand is not so easily satisfied and analysts see this profit picture continuing for several years. The problem for me from a market standpoint is that many of these stocks have already reached 1998 price targets. In some cases, they've reached 1999. This is not how markets work. At some point, they must correct, or at least consolidate. Those who are buying now in anticipation of a continued, sustained runup may wind up being very disappointed. Not that these stocks will crash like MU did. But it pays to keep in mind that we are not talking about hot software companies here. If nothing else, they will not be granted infinite PE expansion. - ----Db ------------------------------ End of canslim Digest V1 #312 ***************************** 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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