From: canslim-owner@xmission.com (canslim Digest) To: canslim-digest@xmission.com Subject: canslim Digest V1 #319 Reply-To: canslim@xmission.com Sender: canslim-owner@xmission.com Errors-To: canslim-owner@xmission.com Precedence: canslim Digest Friday, October 17 1997 Volume 01 : Number 319 In this issue: Re: [CANSLIM] Small Cap's EPS and RS Re: [CANSLIM] Real time quotes Re: [CANSLIM] Questions for Tom. [CANSLIM] Nobody asked the question, but what the heck! [CANSLIM] Aftermarket Trading [CANSLIM] EESI (Eastern Environmental) Re: [CANSLIM] Nobody asked the question, but what the heck! [CANSLIM] Seagate (SEG) re: [CANSLIM] Nobody asked the question, but what the heck! [CANSLIM] The future of AZZ Re: [CANSLIM] Aftermarket Trading Re: [CANSLIM] The future of AZZ [CANSLIM] Thoughts On Alpha Inds (AHA) Action [CANSLIM] Omni Trader Re: [CANSLIM] Sender: owner-canslim@xmission.com Re: [CANSLIM] Omni Trader [CANSLIM] Re: quotes plus web site Re: [CANSLIM] Real time quotes 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, 16 Oct 1997 20:04:13 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Small Cap's EPS and RS I get them from Daily Graphs, which has all stocks, even ones not in the book version. 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: Knowles, Richard N. > To: 'canslim list' > Subject: [CANSLIM] Small Cap's EPS and RS > Date: Thursday, October 16, 1997 1:16 PM > > All, > > How does one go about getting the EPS and RS on Nasdaq small caps > (ex. ADMG, PCTH and IFCI which have recently been discussed here) > All IBD provides is the price and volume. > > Thanks in advance. > > Rich Knowles > > - - - - - - - - - - - - - - - - > Rich Knowles > X5451 ------------------------------ Date: Thu, 16 Oct 1997 20:01:54 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Real time quotes I agree, Joseph, and many times have experienced great frustration when many stocks are in a "fast mkt" and I am conscious of the time delay in getting a quote. This can be very evident on real liquid stocks by watching the last trade price compared to the bid/ask. When the last trade is a pt or so away from the quoted mkt, you should be automatically aware that you are getting late reports, either of the last trade or of the best bid/ask. And of course the further away you are geographically, plus the amount of computer systems and miles of telephone lines the data must pass thru will also affect timeliness. 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: Joseph Vaughn-Perling > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Real time quotes > Date: Thursday, October 16, 1997 3:01 PM > > The price will depend on alot of things. Speed is only one cost factor, > format is another. For example if you want to set up a OLE gateway to > link your "real time" quotes into a graphing and charting program or > spread sheet, you pay in both time and money, but it might be worth it to > save time in the human decision making. (assuming its still a human > amking the buy/sell choice) Also the # of stocks watched will effect > whether your quotes are "real time" or not. > > I got the chance to work on some of the software that drives these quote > reporting devices. The only true real time quotes are those on the floor > of the exchange. > > IMHO > > On Wed, 15 Oct 1997, Tom Worley wrote: > > > Truth is, it probably DOESN'T cost anything more, but because > > everyone offers it only at a premium, then charge what the mkt will > > bear. Only until investors start complaining is this likely to > > change. And the first step is likely to force those already selling > > (and charging for) real time to deliver real time. > > > > 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: Dave Baker > > > To: 'canslim@mail.xmission.com' > > > Subject: RE: [CANSLIM] Real time quotes > > > Date: Wednesday, October 15, 1997 11:16 AM > > > > > > I agree. The instant a trade is made on one of the exchanges, it > > should become public information. > > > I have no problem with paying a reasonable amount for someone to > > package it and send it to me, > > > but it should cost no more to do this with real time data than > > with delayed data. > > > > > > > > > -----Original Message----- > > > From: Dan Musicant [SMTP:musicant@autobahn.org] > > > Sent: Tuesday, October 14, 1997 10:58 PM > > > To: canslim@mail.xmission.com > > > Subject: Re: [CANSLIM] Real time quotes > > > > > > I may be naive (and please don't hesitate to point this out > > and/or rub > > > it in), but I think that the whole delayed quotes thing is > > virtually > > > criminal. People are paying premium bucks to get crucial > > information > > > sooner than the next guy so that they can (in effect) fleece > > him/her. > > > It seems to me (and I was a straight A's student in physics at > > one > > > time) that from a technological standpoint, there is no major > > > difficulty in providing everybody with *real time quotes*. I > > believe > > > (hypothesize) that it's only the commercial nature of the > > securities > > > industry and their desire to squeeze money from their customers > > that > > > maintains the delayed quote/real time quote aspects of the > > trading > > > world. Now, I do not have *insider* experience, but my intuition > > tells > > > me that this may be essentially so. > > > > > > > > > ------------------------------ Date: Thu, 16 Oct 1997 20:25:40 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Questions for Tom. Group, feel free to jump in, many of you are more expert at reading charts than I. PAUH - looks good from a CS standpoint, all the nrs and letters are strong. The only thing that jumped out at me was that the first two qtrs earnings don't put it in a solid position to do $1.30 for the full year, even allowing for the Q4 being their strongest. I am not a fan of retail sales chains, and would have some concerns about possible slowdowns in the next six months. I probably would at least wait for the Q3 results and see how sales, net and profit margins compare to both Q2 and Q3 a year ago. After all, the stock has made a quite recent move from 17 to 30, and right now appears to be consolidating. Earnings due 11/19 per DG. TLII - Had some nice possibilities until the end of August, when apparently they announced they were selling assets to GE Capital, and would distribute "about" $10/share to shareholders. I would advise reviewing the filing(s) at the SEC site to see if there will be a total liquidation of the company (in which case you would be betting over $9 that the return to the shareholders is in the range of $10 or better), or whether there will still be a viable corp remaining after the sale of assets and distribution to shareholders. This looks to me to be mostly an arbitrage play. 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: Chih Yu Chao > To: domo@mail.xmission.com; canslim-digest@xmission.com > Subject: [CANSLIM] Questions for Tom. > Date: Thursday, October 16, 1997 12:02 PM > > > Text item: External Message Header > > Hi, Tom, a couple of questions for you. > 1. What do you think about the stocks: PAUH, TLII? > I found PAUH last month when its price was about $20, hesitate because of > its business is in retail/apparel, now it is about $28 :-(. Their number > is very CS. TLII got some momentum lately, their number is also impressive > with PE ONLY around 8. > 2. What is the relationship of the so-called durable goods sale to the general > stock market? > Thanks. > > ChihYu ------------------------------ Date: Thu, 16 Oct 1997 21:21:51 -0400 From: "Tom Worley" Subject: [CANSLIM] Nobody asked the question, but what the heck! Some of you are undoubtedly asking what has happened in the past few days, and what does the short term future hold? I know my brokers are asking, so hopefully my thoughts will help at least a few, and maybe actually provoke some discussion. The following are mostly random, disjointed thoughts, and not presented in any necessary order of importance. There are growing trade tensions between USA and Japan, most recently with a ban on Japanese ships landing cargo in US ports till they pay a fine of about $4 mil. There is a rumor of a cut in Japanese income tax to spur the domestic economy. There continues to be major trade blocks for US mfrs to export to Japanese consumers, while the US dollar remains strong making imports into the USA cheap. Sales figures came in over the (revised) consensus, however the greatest single cause was automotive costs, otherwise it was nearly in line. And it was still showing a slowing effect from prior months. Today's CPI was slightly below expectation, denying the Feds hard evidence of inflationary pressures growing, and possibly dampening, if not denying, the chance of a rate hike at the Nov FOMC meeting. Regional reports yesterday (from Atlanta) and today (from Philadelphia) shows signs of a slowing in the economy and industrial production. NAPM data shows sig price pressures, forcing corps to maintain earnings growth thru greater productivity and efficiency, vice higher prices on finished goods. Other national economies are improving, and may start to bring greater consumer demand, thus leading eventually to inflation. Wage increases are being largely offset by reductions in work week hours (result of greater efficiency and productivity??). Employment remains at unbelievably high levels, with little evidence that jobless claims will increase anytime soon. Meanwhile, the labor pool is believed to be shrinking, and there is not the increase in "technical skills" I would like to see. The media is milking the tenth anniversary of the big crash for all its worth. We continue to set recent benchmarks on a nr of fronts, such as the lowest year to year CPI increases (2.2% for both overall and core) since 1986 (overall) and 1965 (core) and initial jobless claims below 310,000 for five consecutive weeks since 1988. Overall increases in business inventories was still slower than decreases in business sales. The mkt couldn't break thru 8100 today, and sold off partly in reaction. A far greater influence is a fear that tech stocks will fail to deliver on Q3 results, and so far some of the biggest leaders (INTC, SUNW, SEG, plus MRK, S, and a nr of other important big caps) are proving them right. The focus has already shifted from results for Q3 being reported now to what the Q4 and 1998 holds for expectations. The mkt has been generally (except for the small caps) been trading at rich premiums. As has been pointed out on the oils, many were already trading beyond 1998 earnings levels. This was not limited to the oils sector alone. Thanks to the past two days, the S&P500 trailing PE has dropped to 23.55, right where it was on 10/1, but still high. Greenspan testifies on 10/28 before the Joint Congressional Economic Commission. Even stocks beating estimates are being hit by profit taking at the least, and ones missing estimates are being severely punished esp if they didn't preannounce (note Seagate's disastorous results today without advance warning, and was later trading at 30.5 in aftermkt action, could break 30 to the downside tomorrow even tho the "shot across the bow" came last week from WDC's results). Well, if you have read this far, you are entitled to some opinions. Take them for what they are worth, you set the value, you paid the price by reading this far. The market is fear driven, with the greatest single fear being that tech big caps will disappoint. So far there is some evidence of this (however we were already warned about big caps in general). There is a tremendous amount of paper profit still sitting in big caps, many don't want to lose it and would rather sell now in haste and panic than give what remains back to the market. The action (temporarily I hope) has mostly moved back into big caps. Many "bottom fishers" are likely to see better opportunity there as the mkt corrects, and it looks like it will altho I don't expect it to be in the range of more than 4-5% on big caps and 1-2% on secondaries. Small caps, which have done so well recently, for the most part have not built meaningful bases and could see corrections in the range of 15-25% or even worse. The pressure on the Feds to hike at the Nov meeting has been reduced, but still remains a real threat, and it would likely to be better to just get it over with right now. As of yesterday's close, both NYSE and NASDAQ were moving ever closer to entering into oversold territory (that part of the DG server is down right now, so can't comment on today's action, but should have moved us even closer, if not across the line). Yet, there is still a lot of premium (expectation) built into both markets. The big caps in particular are acting more like they did in the first qtr, when there was a lot of confusion over what the future held and what the Feds would do. I suspect in another week or two they will have stabilized and things will become more predictive. In truth, earnings are coming in very strongly, so the fear element (which can change in a heartbeat) could abate soon. In the meantime, I expect the mkt to continue to act, and react, very short term, as opposed to the Feds, who are forward looking out to six to nine months or so. All indications that I see are that the economy will continue to slow into 1998, and inflation will not become a severe problem. And this time around, some of the big names are not only missing estimates but warning that Q4 won't be so hot (note Sears news tonight as just one example, they beat estimates but already warned Q4 will fall short of estimates, INTC did the same). 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, 16 Oct 1997 21:33:43 -0400 From: "Tom Worley" Subject: [CANSLIM] Aftermarket Trading With some big names missing estimates and reporting after the close, I tried to spend some more time with a trader that leases space from us to see how things went. My forecast for Seagate, once it resumed trading, was for $30, it was at 30.5 last report. I won't be surprised at even lower in the morning. Other results: SUNW was at 39, down another 3+ pts after finishing the day down 3.31 VLSI was up nearly a pt after beating estimates, I expect it will give it back tomorrow IOM was up .625 after beating estimates (22 cents compared to 9 cents a year ago and est of 20 cents). Likewise, I expect it will give it back tomorrow. Hate to sound so pessimistic, but I am looking for the Dow30 to be down 250 to 300 pts tomorrow, hopefully it will get it out of its system and recover before the close, but being a Friday not optimistic. I expect most major indexes to give up in excess of a percentage pt. The Russell 2000 will likely give up the least. Seagate will give up over 20%. 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, 16 Oct 1997 21:43:07 -0400 From: "Tom Worley" Subject: [CANSLIM] EESI (Eastern Environmental) For those that like environmental stocks, here's one with good CS nrs and ltrs. Only fault I saw in a quick glance was the up/down was only 1.0. Otherwise, everything was coming up roses, or land fills or something. And it's got options too. Worthy of note, if correct (my data from DG Online) is a float of 5.4 mil shares against an issue of 20 mil shares. The sharp revenue increases suggests to me some acquisitions, hence the float may be considerably larger (a la ACTC). 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, 16 Oct 1997 22:17:43 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Nobody asked the question, but what the heck! One final thought which I overlooked, there are some pieces of the economic picture that may be coming unstuck, namely in the transportation sector. I noted some comments tonight about shortage of longshoremen in the LA harbor area causing imports to be delayed in unloading as much as two weeks; some mfrs suffering delays at railheads in shipping finished products to market due shortage of rail cars; and some auto mfrs seeing their storage lots at production sites filling up to capacity due again a lack of rail cars to transport them to mkt. 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: Tom Worley > To: CANSLIM > Cc: Jacque Ferron > Subject: [CANSLIM] Nobody asked the question, but what the heck! > Date: Thursday, October 16, 1997 9:21 PM > > Some of you are undoubtedly asking what has happened in the past > few days, and what does the short term future hold? I know my > brokers are asking, so hopefully my thoughts will help at least a > few, and maybe actually provoke some discussion. > > The following are mostly random, disjointed thoughts, and not > presented in any necessary order of importance. > > There are growing trade tensions between USA and Japan, most > recently with a ban on Japanese ships landing cargo in US ports > till they pay a fine of about $4 mil. > > There is a rumor of a cut in Japanese income tax to spur the > domestic economy. > > There continues to be major trade blocks for US mfrs to export to > Japanese consumers, while the US dollar remains strong making > imports into the USA cheap. > > Sales figures came in over the (revised) consensus, however the > greatest single cause was automotive costs, otherwise it was nearly > in line. And it was still showing a slowing effect from prior > months. > > Today's CPI was slightly below expectation, denying the Feds hard > evidence of inflationary pressures growing, and possibly dampening, > if not denying, the chance of a rate hike at the Nov FOMC meeting. > > Regional reports yesterday (from Atlanta) and today (from > Philadelphia) shows signs of a slowing in the economy and > industrial production. > > NAPM data shows sig price pressures, forcing corps to maintain > earnings growth thru greater productivity and efficiency, vice > higher prices on finished goods. > > Other national economies are improving, and may start to bring > greater consumer demand, thus leading eventually to inflation. > > Wage increases are being largely offset by reductions in work week > hours (result of greater efficiency and productivity??). > > Employment remains at unbelievably high levels, with little > evidence that jobless claims will increase anytime soon. Meanwhile, > the labor pool is believed to be shrinking, and there is not the > increase in "technical skills" I would like to see. > > The media is milking the tenth anniversary of the big crash for all > its worth. > > We continue to set recent benchmarks on a nr of fronts, such as the > lowest year to year CPI increases (2.2% for both overall and core) > since 1986 (overall) and 1965 (core) and initial jobless claims > below 310,000 for five consecutive weeks since 1988. > > Overall increases in business inventories was still slower than > decreases in business sales. > > The mkt couldn't break thru 8100 today, and sold off partly in > reaction. A far greater influence is a fear that tech stocks will > fail to deliver on Q3 results, and so far some of the biggest > leaders (INTC, SUNW, SEG, plus MRK, S, and a nr of other important > big caps) are proving them right. > > The focus has already shifted from results for Q3 being reported > now to what the Q4 and 1998 holds for expectations. > > The mkt has been generally (except for the small caps) been trading > at rich premiums. As has been pointed out on the oils, many were > already trading beyond 1998 earnings levels. This was not limited > to the oils sector alone. Thanks to the past two days, the S&P500 > trailing PE has dropped to 23.55, right where it was on 10/1, but > still high. > > Greenspan testifies on 10/28 before the Joint Congressional > Economic Commission. > > Even stocks beating estimates are being hit by profit taking at the > least, and ones missing estimates are being severely punished esp > if they didn't preannounce (note Seagate's disastorous results > today without advance warning, and was later trading at 30.5 in > aftermkt action, could break 30 to the downside tomorrow even tho > the "shot across the bow" came last week from WDC's results). > > Well, if you have read this far, you are entitled to some opinions. > Take them for what they are worth, you set the value, you paid the > price by reading this far. > > The market is fear driven, with the greatest single fear being that > tech big caps will disappoint. So far there is some evidence of > this (however we were already warned about big caps in general). > > There is a tremendous amount of paper profit still sitting in big > caps, many don't want to lose it and would rather sell now in haste > and panic than give what remains back to the market. > > The action (temporarily I hope) has mostly moved back into big > caps. Many "bottom fishers" are likely to see better opportunity > there as the mkt corrects, and it looks like it will altho I don't > expect it to be in the range of more than 4-5% on big caps and 1-2% > on secondaries. Small caps, which have done so well recently, for > the most part have not built meaningful bases and could see > corrections in the range of 15-25% or even worse. > > The pressure on the Feds to hike at the Nov meeting has been > reduced, but still remains a real threat, and it would likely to be > better to just get it over with right now. > > As of yesterday's close, both NYSE and NASDAQ were moving ever > closer to entering into oversold territory (that part of the DG > server is down right now, so can't comment on today's action, but > should have moved us even closer, if not across the line). Yet, > there is still a lot of premium (expectation) built into both > markets. The big caps in particular are acting more like they did > in the first qtr, when there was a lot of confusion over what the > future held and what the Feds would do. I suspect in another week > or two they will have stabilized and things will become more > predictive. In truth, earnings are coming in very strongly, so the > fear element (which can change in a heartbeat) could abate soon. In > the meantime, I expect the mkt to continue to act, and react, very > short term, as opposed to the Feds, who are forward looking out to > six to nine months or so. All indications that I see are that the > economy will continue to slow into 1998, and inflation will not > become a severe problem. And this time around, some of the big > names are not only missing estimates but warning that Q4 won't be > so hot (note Sears news tonight as just one example, they beat > estimates but already warned Q4 will fall short of estimates, INTC > did the same). > > 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, 16 Oct 1997 23:27:10 -0400 From: "Tom Worley" Subject: [CANSLIM] Seagate (SEG) While I don't think it's a fair forecast of the present or future, had an amusing (and odd) experience with Daily Graphs Online (which I somewhat gleefully passed onto tech support, maybe it'l keep the site free for another few days!!) Pulled up a chart (f1) on Seagate Tech (SEG). What I got, while labelled as Seagate, reported a last trade of $2.98 (down .14) yet showed a chart with the closing trade at $400.00. Average volume was 47,500 but todays vol was 2,097,000. Most amusing was the corporate description: "Sells in-line skates/accessories under California Pro and Rolling Thunder brand names to retail sporting goods stores". I guess the storage drive industry is either going to get more diversified or a lot more brutal and competitive. Needless to say, I saved a printed copy. This is a gem worth framing. When I tried it again, all I got was the old, normal seagate, no fun at all. Any unfortunate holders of Seagate that want a copy, send me your fax or snail mail address. But I'm not parting with my "original", unless Wm O'Neill himself wants it! I don't really care what piece of software screwed up, this one is funny (DISCLOSURE: I don't own any SEG). 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, 17 Oct 1997 00:58:32 -0400 From: Michael A Langston Subject: re: [CANSLIM] Nobody asked the question, but what the heck! > Well, if you have read this far, you are entitled to some opinions. yawn -- just kidding :) > Even stocks beating estimates are being hit by profit taking hmmm, just a few months ago many stox seemed immune to bad news -- now they're selling off on good news (and i don't mean just the old sell-the-news game) -- probably another warning sign to add to the list others and i have posted recently > I am looking for the Dow30 to be down 250 to 300 pts tomorrow ouch! -- but if that occurs then i'll start moving a little cash in my 403b to equities; it's not canslim, and not a trading move -- just a very gradual contra-trend shift in long-term assets -- to paraphrase robert duvall, i love the smell of fear in the morning! mike ------------------------------ Date: Thu, 16 Oct 1997 23:06:21 -0600 (MDT) From: cando@highfiber.com Subject: [CANSLIM] The future of AZZ Anybody still in AZZ for the long term after it's recent 20% drop over the last 6 days? Maybe it's time to step out of most things till the market settles down. Recent CAN SLIM #'s from 10/13's paper DG are: C 75% A 33% N spring '97 acquisition of another galvanizing co. S 5.9 shares, (5.3 float) L ?? I 15% M Down They took that big hit on large volume back in the middle of September when their earnings "only" met expectations instead of exceeding them. Comments? James Coburn Albuquerque, NM ------------------------------ Date: Thu, 16 Oct 1997 22:14:04 -0700 From: Dave Isbell Subject: Re: [CANSLIM] Aftermarket Trading Tom, I am still trying to get today out of my system and you think tomorrow may be worse? You seem to have a terrible habit of being right too often. Beginners luck ended in a big way for me today! I gave up 9.5%. Better Days, Dave Tom Worley wrote: > >Snip > Hate to sound so pessimistic, but I am looking for the Dow30 to be > down 250 to 300 pts tomorrow, hopefully it will get it out of its > system and recover before the close, but being a Friday not > optimistic. I expect most major indexes to give up in excess of a > percentage pt. The Russell 2000 will likely give up the least. > Seagate will give up over 20%. > > 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, 17 Oct 1997 01:22:11 -0400 (EDT) From: Dbphoenix@aol.com Subject: Re: [CANSLIM] The future of AZZ In a message dated 97-10-17 01:12:57 EDT, you write: << Anybody still in AZZ for the long term after it's recent 20% drop over the last 6 days? Maybe it's time to step out of most things till the market settles down. They took that big hit on large volume back in the middle of September when their earnings "only" met expectations instead of exceeding them. Comments? James Coburn Albuquerque, NM>> It violated major support today, but I'm hoping that the move was at least partly due to general conditions and to LSS' move downward. If it doesn't show strength tomorrow, I may have to sell, though I don't really want to. On the other hand, if I were looking at it as a new buy, I'd enter about here. I hate these situations. - ----Db ------------------------------ Date: Fri, 17 Oct 1997 12:49:42 GMT+7 From: Peter Christiansen Subject: [CANSLIM] Thoughts On Alpha Inds (AHA) Action Anyone have any thoughts on Alpha Industries (AHA) recent market action? Two days ago it sells off big time, and I am nearly stopped out. On a good earnings report, it shoots right back up on huge volume, trading at a new intraday high. Another case of the B.S. that people claim takes place on the AMEX? Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ He has Van Gogh's ear for music. ------------------------------ Date: Thu, 16 Oct 1997 22:55:15 -0700 From: "Joe J." Subject: [CANSLIM] Omni Trader Just curious. Does anyone use the program OmniTrader (a technical analysis program like MetaStock - yet more automated) along with CANSLIM to do shorter term trades (i.e., 2 weeks)? Joe J. ------------------------------ Date: Fri, 17 Oct 1997 13:45:01 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] Sender: owner-canslim@xmission.com ** Reply to note from sam Mon, 13 Oct 1997 09:37:15 -0400 > Has anyone been to one of WON's advanced siminars? How was it? > > Sam I attended one about six years ago. It was excellent, and worth every cent of the $500 fee. If you go, make sure you record it. I still replay the tapes from time to time; especially when I am having a tough time in the market. Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ I think, therefore I am. I think. ------------------------------ Date: Fri, 17 Oct 1997 13:50:12 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] Omni Trader ** Reply to note from "Joe J." Thu, 16 Oct 1997 22:55:15 -0700 > Just curious. Does anyone use the program OmniTrader (a technical > analysis program like MetaStock - yet more automated) along with CANSLIM > to do shorter term trades (i.e., 2 weeks)? I tried it a couple of years ago. Basically it was a piece of junk. The results always looked fantastic in the back testing, but never continued into the future. I do much better using my brain and intuition rather than a black box. Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ "Wealth is the product of man's capacity to think" -Ayn Rand ------------------------------ Date: Thu, 16 Oct 1997 22:43:58 -0700 From: "Joe J." Subject: [CANSLIM] Re: quotes plus web site > Joe J. > > Unable to locate with search engines, please post website, or phone > number. > > Regards, Dan > > > Yes. QuotesPlus will do it. This is a nightly download quote server > > for programs like Omnitrader, Metastock, etc. and they also give you > > their own charting program with it (it costs aroung $16 a month for the > > full service). I wrote a scan program to have it scan all stocks as > > follows: Dan, you can find Quotes Plus at http://www.quotes-plus.com/ ------------------------------ Date: Fri, 17 Oct 1997 10:30:20 -0400 From: "K Strauss" Subject: Re: [CANSLIM] Real time quotes The delay due to distance is *vastly* overrated. Electrical signals, depending on the medium, travel at somewhere between 80% and 100% of the speed of light. That is, between 150,000 and 186,000 miles per second. Even with a satellite link this is only a fraction of a second. Delays going through routers on the Internet can add additional delays. If you're on a Unix or Windows system (I don't know about a Mac), use the "ping" command to get an idea of the total delays. I just tried it and it took 0.25 seconds to send a message to http://quote.yahoo.com and get a response. This includes all routers, propogation delays and processing at the remote end. Sorry to be picky but network delays have a very minor effect on the timeliness of realtime quotes. - -----Original Message----- From: Tom Worley To: canslim@mail.xmission.com Date: Friday, October 17, 1997 9:54 AM Subject: Re: [CANSLIM] Real time quotes >I agree, Joseph, and many times have experienced great frustration >when many stocks are in a "fast mkt" and I am conscious of the time >delay in getting a quote. This can be very evident on real liquid >stocks by watching the last trade price compared to the bid/ask. >When the last trade is a pt or so away from the quoted mkt, you >should be automatically aware that you are getting late reports, >either of the last trade or of the best bid/ask. And of course the >further away you are geographically, plus the amount of computer >systems and miles of telephone lines the data must pass thru will >also affect timeliness. > >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: Joseph Vaughn-Perling >> To: canslim@mail.xmission.com >> Subject: Re: [CANSLIM] Real time quotes >> Date: Thursday, October 16, 1997 3:01 PM >> >> The price will depend on alot of things. Speed is only one cost >factor, >> format is another. For example if you want to set up a OLE >gateway to >> link your "real time" quotes into a graphing and charting program >or >> spread sheet, you pay in both time and money, but it might be >worth it to >> save time in the human decision making. (assuming its still a >human >> amking the buy/sell choice) Also the # of stocks watched will >effect >> whether your quotes are "real time" or not. >> >> I got the chance to work on some of the software that drives >these quote >> reporting devices. The only true real time quotes are those on >the floor >> of the exchange. >> >> IMHO >> >> On Wed, 15 Oct 1997, Tom Worley wrote: >> >> > Truth is, it probably DOESN'T cost anything more, but because >> > everyone offers it only at a premium, then charge what the mkt >will >> > bear. Only until investors start complaining is this likely to >> > change. And the first step is likely to force those already >selling >> > (and charging for) real time to deliver real time. >> > >> > 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: Dave Baker >> > > To: 'canslim@mail.xmission.com' >> > > Subject: RE: [CANSLIM] Real time quotes >> > > Date: Wednesday, October 15, 1997 11:16 AM >> > > >> > > I agree. The instant a trade is made on one of the >exchanges, it >> > should become public information. >> > > I have no problem with paying a reasonable amount for someone >to >> > package it and send it to me, >> > > but it should cost no more to do this with real time data >than >> > with delayed data. >> > > >> > > >> > > -----Original Message----- >> > > From: Dan Musicant [SMTP:musicant@autobahn.org] >> > > Sent: Tuesday, October 14, 1997 10:58 PM >> > > To: canslim@mail.xmission.com >> > > Subject: Re: [CANSLIM] Real time quotes >> > > >> > > I may be naive (and please don't hesitate to point this out >> > and/or rub >> > > it in), but I think that the whole delayed quotes thing is >> > virtually >> > > criminal. People are paying premium bucks to get crucial >> > information >> > > sooner than the next guy so that they can (in effect) fleece >> > him/her. >> > > It seems to me (and I was a straight A's student in physics >at >> > one >> > > time) that from a technological standpoint, there is no major >> > > difficulty in providing everybody with *real time quotes*. I >> > believe >> > > (hypothesize) that it's only the commercial nature of the >> > securities >> > > industry and their desire to squeeze money from their >customers >> > that >> > > maintains the delayed quote/real time quote aspects of the >> > trading >> > > world. Now, I do not have *insider* experience, but my >intuition >> > tells >> > > me that this may be essentially so. >> > > >> > >> > >> >> > ------------------------------ End of canslim Digest V1 #319 ***************************** 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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