From: canslim-owner@xmission.com (canslim Digest) To: canslim-digest@xmission.com Subject: canslim Digest V1 #326 Reply-To: canslim@xmission.com Sender: canslim-owner@xmission.com Errors-To: canslim-owner@xmission.com Precedence: canslim Digest Monday, October 27 1997 Volume 01 : Number 326 In this issue: Re: [CANSLIM] Market & a few stocks... Re: [CANSLIM] Market & a few stocks... Re: [CANSLIM] Market & a few stocks... Re: [CANSLIM] Possible CANSLIM - ANEN Re: [CANSLIM] Market & a few stocks... Re: [CANSLIM] Basic Question for strange market [CANSLIM] Date: Sun, 26 Oct 1997 10:47:27 -0500 Re: [CANSLIM] General - The Market Re: [CANSLIM] Market Re: [CANSLIM] Possible CANSLIM - ANEN Re: [CANSLIM] Market & a few stocks... [CANSLIM] Daily Graphs? Re: [CANSLIM] Market & a few stocks... Re: [CANSLIM] Market & a few stocks... Re: [CANSLIM] Market & a few stocks... Re: [CANSLIM] General - The Market Re: [CANSLIM] Re: [Up-Up-and-A-Way]-Useful Info on New High New Lows Re: [CANSLIM] Possible CANSLIM - ANEN [CANSLIM] stock watch list for 10-24-97 Re: [CANSLIM] Market & a few stocks... Re: [CANSLIM] Market Re: [CANSLIM] Market & a few stocks... Re: [CANSLIM] Market & a few stocks... Re: [CANSLIM] General - The Market Re: [CANSLIM] Market & a few stocks... [CANSLIM] NASDAQ new highs on Friday [CANSLIM] Now what? A bird in the hand. . . . Re: [CANSLIM] General - The Market Re: [CANSLIM] Market & a few stocks... [CANSLIM] The M in CANSLIM 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: Sat, 25 Oct 1997 22:40:54 -0500 (CDT) From: dcameron@info1.harper.cc.il.us (Dave Cameron) Subject: Re: [CANSLIM] Market & a few stocks... > > I am genuinely surprised at Friday's market action. I guess that's > why I watch my own stocks closely and buy or sell based on what they > tell me - not what my market view is. I'm OK at CANSLI, but not > at CANSLIM. On the other hand (OTOH), some stocks that I follow/own > did well. ADRT and HYSW both reported earnings, and continued to > climb. Both beat expectations. Both are small to mid-cap. I don't > know if a sample of 2 is very representative. OK, I know its NOT, but > it is heartening to know that at least some CANSLIM stocks reporting > strong earnings continue to climb. > Correction..... ADRT should be ABDR.... I have too many symbols floating around in my pea brain and I'm tired - its 11:00 on Saturday night, and my 18-month old daughter has a cold. > Some of you might think I'm fighting the market, but I'll reiterate > in slightly different words. I get out when my individual stocks > tell me too, not when the indexes tell me to. If you look at either > HYSW's graph or ADRT's graph you'll see good patterns. I haven't > actually looked at the charts in a week or so, but I've been following > them closely enough to have a good idea what they look like. > > Bottom line: If you want advice, stick to watching stocks, don't > worry about the market. When your stocks start to fall, or hit your > stops, THEN get out. I guess this is CANSLI, more than CANSLIM, > but what the hell.... I work with what works for me. > > Just had to counter all the gloom, > > Dave Cameron > > > > ------------------------------ Date: Sat, 25 Oct 1997 23:44:47 -0400 (EDT) From: Dbphoenix@aol.com Subject: Re: [CANSLIM] Market & a few stocks... In a message dated 97-10-25 23:39:42 EDT, you write: << Bottom line: If you want advice, stick to watching stocks, don't worry about the market. When your stocks start to fall, or hit your stops, THEN get out. I guess this is CANSLI, more than CANSLIM, but what the hell.... I work with what works for me. Just had to counter all the gloom, Dave Cameron >> You're exactly right, Dave. I still hold a dozen oil stocks (have sold several as they reached their price targets). However, when it comes to initiating new positions, caution is warranted. Along with tight stops. - -----Db ------------------------------ Date: Sat, 25 Oct 1997 22:49:44 -0500 (CDT) From: dcameron@info1.harper.cc.il.us (Dave Cameron) Subject: Re: [CANSLIM] Market & a few stocks... Db wrote: > > You're exactly right, Dave. I still hold a dozen oil stocks (have sold > several as they reached their price targets). However, when it comes to > initiating new positions, caution is warranted. Along with tight stops. > > -----Db > > Wow... someone agrees with me, and better yet, someone who's opinion I respect! I better quit while I'm ahead ;-> Seriously, oil stocks are a perfect example of a sector that is holding up. If the market gets strong again, that could portend well for them. Thanks for the comments. Dave C. ------------------------------ Date: Sat, 25 Oct 1997 22:09:59 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Possible CANSLIM - ANEN > To: canslim@mail.xmission.com > From: Tim Fisher > From Zacks (below) it is a bit bigger than WON likes (124M cap). Other than I don't think 124 million market cap is anywhere near being too big to fall into the CANSLIM universe. Probably more like a billion or two market cap. ------------------------------ Date: Sun, 26 Oct 1997 05:49:58 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Market & a few stocks... Speaking of oils, I noticed nearly a ten cent drop in the price of gas in S.Fla over the past several weeks, which doesn't track with all I am hearing about higher energy prices. Granted, S.Fla tends to run higher than the nat'l average, so maybe we are just catching up a little, but can anyone comment on whether energy costs (not just gas but also home heating oil, etc) is rising or falling in your part of the country or world? As reference, regular gas here is now running around $1.259 at Mobil stations, and in that same area at most other brand stations. 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 Cameron > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] Market & a few stocks... > Date: Saturday, October 25, 1997 10:49 PM > > Db wrote: > > > > You're exactly right, Dave. I still hold a dozen oil stocks (have sold > > several as they reached their price targets). However, when it comes to > > initiating new positions, caution is warranted. Along with tight stops. > > > > -----Db > > > > > Wow... someone agrees with me, and better yet, someone who's opinion > I respect! I better quit while I'm ahead ;-> Seriously, oil stocks > are a perfect example of a sector that is holding up. If the market > gets strong again, that could portend well for them. > > Thanks for the comments. > > Dave C. > > > ------------------------------ Date: Sun, 26 Oct 1997 20:43:12 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] Basic Question for strange market ** Reply to note from "Chuck" Sat, 25 Oct 1997 17:21:19 -0500 > hould you allow yourself to be stopped out on what seems > to obviously be a short term drop in the entire market It may well be just a shake out, but I'm wondering what makes it obvious to you that it is a short term drop, and not something worse? Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ As a matter of fact, no, I don't have a life. ------------------------------ Date: Sun, 26 Oct 1997 08:45:39 -0700 From: Colt Forsythe Subject: [CANSLIM] Date: Sun, 26 Oct 1997 10:47:27 -0500 Hi, How do I get the IBD stock date (RSTR etc.) in a computer readable format? Thanks, Colt ------------------------------ Date: Sun, 26 Oct 1997 11:05:18 -0800 From: Sam Funchess Subject: Re: [CANSLIM] General - The Market Reread chapter seven in HTMMIS and am seriously considering getting out while my stocks are holding up well with a profit (KEG, ACRT). I am waiting until monday to see how the markets open to make the final decision but I figure if I get out and the market rallies then I took a nice insurance policy on my holdings. Unfortunately both of these holdings are at my full service broker so I will be taking a nice 200 dollar hit on each trade. Sam Kirby Benson wrote: > Still standing on the sidelines since 14 Oct in 100% cash, thinking > strongly > about getting back in this coming week. KEG seems to be holding well > around > 34 -35 through all the turmoil. Also thinking about getting back into > > SOCR - will be watching it and Tom closely (his baby). ALNK has been > very > volatile but wondering........hmm. > > Kirby Benson > kbenson@zianet.com > > We have not succeeded in answering all your problems. The answers we > have > found only serve to raise a whole set of new questions. In some ways > we are > as confused as ever, but we believe we are confused on a higher level > and > about more important things. ------------------------------ Date: Sun, 26 Oct 1997 20:42:59 GMT+7 From: Peter Christiansen Subject: Re: [CANSLIM] Market ** Reply to note from "Tom Worley" Sat, 25 Oct 1997 07:48:11 -0400 > Would fairly strongly disagree, Peter, that concensus is no rate > hike "this year". In fact, there seems to still be a fairly > considerable thinking that an ECI report next week showing labor > cost increase of 0.8% or so or more will lead to a rate hike on Nov > 12, despite the currency problems in Asia. I base that statement on my unscientific survey of analysts that I have seen talking away on CNBC during the past few days. They ALL seemed to feel that a rate hike was out of the question. At any rate, the market looks a little sick to me. Peter Christiansen Chiang Mai, Thailand Connected with OS/2 Warp 3.0 & The Post Road Mailer _____________________________________________________________________________________ I'm not a complete idiot - several parts are missing. ------------------------------ Date: Sun, 26 Oct 1997 08:30:42 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Possible CANSLIM - ANEN At 10:09 PM 10/25/97 -0800, you wrote: >> To: canslim@mail.xmission.com >> From: Tim Fisher > >> From Zacks (below) it is a bit bigger than WON likes (124M cap). Other than > >I don't think 124 million market cap is anywhere near being too big >to fall into the CANSLIM universe. Probably more like a billion or >two market cap. > Whoops. I was reading it as shares out for some reason. Of course it's a very small cap, perfect for CANSLIM. 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: Sun, 26 Oct 1997 08:30:44 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Market & a few stocks... At 05:49 AM 10/26/97 -0500, you wrote: >Speaking of oils, I noticed nearly a ten cent drop in the price of >gas in S.Fla over the past several weeks, which doesn't track with >all I am hearing about higher energy prices. Granted, S.Fla tends >to run higher than the nat'l average, so maybe we are just catching >up a little, but can anyone comment on whether energy costs (not >just gas but also home heating oil, etc) is rising or falling in >your part of the country or world? > >As reference, regular gas here is now running around $1.259 at >Mobil stations, and in that same area at most other brand stations. > You got it good. The cheapest gas around here is about $1.39 (I assume you mean regular unleaded - you can't get regular leaded around here). Of course the Portland area has always been screwed as far as gas prices (the list of excuses from the oils is long, but just doesn't make economic sense). It fluctuates but has been near that price (if I had to guess I'd say a median of $1.29) for at least 8 years. 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: Sun, 26 Oct 1997 11:28:42 -0500 (EST) From: Eradctr@aol.com Subject: [CANSLIM] Daily Graphs? Hello Everyone. I am new to this, and had some questions about Daily Graphs on-line. How do I go about getting Daily Graphs, how much is it, what does it offer, and are there any on-line alternatives? Thanks in advance for your help. Tod ------------------------------ Date: Sun, 26 Oct 1997 13:08:03 -0400 From: Bill Subject: Re: [CANSLIM] Market & a few stocks... >At 05:49 AM 10/26/97 -0500, you wrote: >> >You got it good. The cheapest gas around here is about $1.39 (I assume you >mean regular unleaded - you can't get regular leaded around here). Of >course the Portland area has always been screwed as far as gas prices (the >list of excuses from the oils is long, but just doesn't make economic >sense). It fluctuates but has been near that price (if I had to guess I'd >say a median of $1.29) for at least 8 years. > >Tim Fisher, 1995 President, Pacific Fishery Biologists In the Atlanta area, I have seen advertised pump prices from 99 cents to $1.10 per gallon for regular unleaded. When you move up the richter scale for something useable in regular sized Detroit iron, you get whacked accordingly, to the tune of $1.15 to $1.30 per gallon. Haven't looked recently, but the wholesale price of gasoline is about half that. I wonder where the difference goes to? Bill-->> ------------------------------ Date: Sun, 26 Oct 1997 12:41:49 -0500 From: "K Strauss" Subject: Re: [CANSLIM] Market & a few stocks... Regular unleaded gas in Brampton, Ontario, Canada today is 0.535 CDN$/liter Unless I've slipped a calculator key, that is about $1.41 US$/US gallon at current exchange rates. Regarding the difference between the wholesale and retail prices, I suspect that the difference is mostly taxes. - -----Original Message----- From: Bill To: canslim@mail.xmission.com Date: Sunday, October 26, 1997 11:53 AM Subject: Re: [CANSLIM] Market & a few stocks... >>At 05:49 AM 10/26/97 -0500, you wrote: > >>> >>You got it good. The cheapest gas around here is about $1.39 (I assume you >>mean regular unleaded - you can't get regular leaded around here). Of >>course the Portland area has always been screwed as far as gas prices (the >>list of excuses from the oils is long, but just doesn't make economic >>sense). It fluctuates but has been near that price (if I had to guess I'd >>say a median of $1.29) for at least 8 years. >> >>Tim Fisher, 1995 President, Pacific Fishery Biologists > > > >In the Atlanta area, I have seen advertised pump prices from 99 cents to >$1.10 per gallon for regular unleaded. When you move up the richter scale >for something useable in regular sized Detroit iron, you get whacked >accordingly, to the tune of $1.15 to $1.30 per gallon. Haven't looked >recently, but the wholesale price of gasoline is about half that. I wonder >where the difference goes to? > >Bill-->> > > > > ------------------------------ Date: Sun, 26 Oct 1997 12:48:21 EST From: jmsmith@juno.com (Jay M Smith) Subject: Re: [CANSLIM] Market & a few stocks... On Sun, 26 Oct 1997 05:49:58 -0500 "Tom Worley" writes: >up a little, but can anyone comment on whether energy costs (not >just gas but also home heating oil, etc) is rising or falling in >your part of the country or world? Can't say much about home heating oil in North West Florida. Electricty is just under $.06/KWH (lowest in the Southeast, except for Mississippi), Regular Unleaded is $1.08 in Fort Walton Beach, FL and $1.12 in Pensacola (87 Octane with NO ethanol) at Citgo stations. The price of electricity slightly reflects the costs of oil (#2 Diesel) and natual gas (as well as coal) since the power company can and does burn all three (but primarily coal). Surprisingly, the value of my small portfolio increased last week, so it's no all gloom and doom here either. Best Regards, Jay ------------------------------ Date: Sun, 26 Oct 1997 13:29:06 -0500 (EST) From: Dbphoenix@aol.com Subject: Re: [CANSLIM] General - The Market In a message dated 97-10-26 11:07:56 EST, you write: << Reread chapter seven in HTMMIS and am seriously considering getting out while my stocks are holding up well with a profit (KEG, ACRT). I am waiting until monday to see how the markets open to make the final decision but I figure if I get out and the market rallies then I took a nice insurance policy on my holdings. Unfortunately both of these holdings are at my full service broker so I will be taking a nice 200 dollar hit on each trade. Sam >> Sam, I'm not sure what you mean by seeing how the markets open. If they open down, don't assume a day-long sell-off. If they were to open down and close up, that would be the first positive sign in a while. On the other hand, if there's a strong opening, you may want to consider selling into it, as I would anticipate a failure later in the day. These two patterns have been most common for quite a while. - ----Db ------------------------------ Date: Sun, 26 Oct 1997 15:08:01 -0500 From: Surindra Singh Subject: Re: [CANSLIM] Re: [Up-Up-and-A-Way]-Useful Info on New High New Lows I also came across this one from Mohan: http://www3.techstocks.com/~wsapi/investor/s-10565/reply-4201 Hemant Rotithor wrote: > Here is some useful Information I obtained from a Silicon Investor that > was posted on Friday by a person named Mohan about New high New low > indicator; he seems to be using the differenece NH-NL. > Does anyone here follow this index? would like to hear any comments that > they might have and their interpretation. > Thanks > ---------------------------------------------------------------- > NH-NL is useful in measuring the broader market divergence from > the euphoria or gloom surrounding the advance (or declines) in > indexes. > If this index (I use simple difference others prefer a ratio) is > peaking > with the market indexes, then it is broader measure of bull-strength. > As > a rule of thumb, if you draw a bar chart of NH-NL right below S&P, > observe the S&P peaks and see if it is confirmed by NH-NL peak. If > the NH-NL peak is laggind with a declining slope, sell! That means > that > the bears are in control. > A negative number is definitely a red alert. A two or three negatives > in > about 5-10 trading days could be deadly for the market. > In 1987 the index turned first negative in early October about a week > or > so before the crash. It continued to be negative until the big crash > for > about 5 trading sessions. Then it was the lowest on the day of the > crash > and the next day. > A similar pattern occured in Oct 1989 with first negative NH-NL index > showing in mid Sept. After the fist negative showed in Oct, there > wasn't > any time before a mini-crash. However, the mini-crash in Oct 89 was > only good for 10%. > Conversely, when the slope of NH-NL is tending up from the negative > zone and turns even, it is bullish sign as well - a buy signal. This > happened in late December of 1987. > I was just eye-balling these numbers for the last 3 months. The index > had an absolute peak in mid August. It stayed healthy for most of > September. Last weak it was pretty even with NH having slight edge - > not a good sign either. However early this week we have had some > strength as measured by this index. But yesterday the danger light > was > lit. > -- > Disclaimer: Opinions expressed in this document are those of the author. > Digital Equipment Corp., 110 Spit Brook Rd, ZKO2-3/N30, Nashua, NH 03062 ------------------------------ Date: Sun, 26 Oct 1997 15:47:14 -0500 From: "Mike Silliman" Subject: Re: [CANSLIM] Possible CANSLIM - ANEN Capitalization Shares Outstanding 4.23M Owned by Institutions 18.4% Market Capitalization 103 Mil Avg Dly Vol (30 days) 59,800 Growth Rates Earnings $ % 5 Yr Hist Latest Qtr. (Sep 97) .17 up 240% Latest 12 Months .62 up 359% NA Revenues 5 Yr Hist Latest Qtr. (Sep 97) 7.7 Mil up 52% Latest 12 Months 26.9 Mil up 52% -5% Dividends 5 Yr Hist Indicated Rate & Yield NA 0% Increases Last 5 Yrs NA NA Key Ratios & Measures 5 Yr. Range Current P/E 17 - 61 40.3 Price to Book .1 - 7.3 4.9 Price to Cash Flow 3.3 - 48.9 27.4 Price to Sales .3 - 5.5 3.83 Return on Equity 10.9% - 13.2% 13.2% Beta .28 ------------------------------ Date: Sun, 26 Oct 1997 14:34:08 -0800 From: "Nicholas P. Callahan" Subject: [CANSLIM] stock watch list for 10-24-97 This is a multi-part message in MIME format. - ------=_NextPart_000_0068_01BCE21C.38F31E30 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Regards, Nicholas P. Callahan(Nick) - ------=_NextPart_000_0068_01BCE21C.38F31E30 Content-Type: text/plain; name="Watch List 10-24-97.txt" Content-Transfer-Encoding: quoted-printable Content-Disposition: attachment; filename="Watch List 10-24-97.txt" Stock Watch = Report 10/26/97 2:29:43 PM = Page 1 of 1 EPS RS AD IR Pattern Min Req = Buy Target Date Purch Purch Vol = Price CTXS 10-Oct-97 75 92 B 23 FB 841950 = 57.00 0.00 DIGL 17-Oct-97 75 95 A 27 FB 182850 = 17.75 0.00 DS 26-Sep-97 93 87 B 5 FB 210450 = 43.63 9/29/97 44.00 ETH 17-Oct-97 96 91 A 41 CH 309600 = 37.88 0.00 HYSW 17-Oct-97 93 87 A 15 FB 255600 = 35.00 10/24/97 35.00 LIN 17-Oct-97 93 85 A 41 FB 125850 = 37.00 0.00 NE 12-Sep-97 75 91 B 4 CH 1675800 = 30.50 9/15/97 32.00 SEBL 19-Sep-97 75 92 A 28 CH 479550 = 40.00 9/23/97 40.00 TKLC 10-Oct-97 75 99 A 8 FB 468900 = 39.75 0.00 WII 24-Oct-97 96 86 B 2 FB 373050 = 55.63 0.00 ZTEC 24-Oct-97 86 98 A 15 CH 314850 = 40.75 0.00 - ------=_NextPart_000_0068_01BCE21C.38F31E30 Content-Type: text/x-vcard; name="Nicholas P Callahan.vcf" Content-Transfer-Encoding: quoted-printable Content-Disposition: attachment; filename="Nicholas P Callahan.vcf" BEGIN:VCARD N:Callahan;Nicholas;P FN:Nicholas P Callahan ORG:Smith Barney Inc. TITLE:Vice President - Investments TEL;WORK;VOICE:(253) 874-3100 TEL;HOME;VOICE:(253) 927-8650 TEL;CELL;VOICE:(206) 617-7645 TEL;WORK;FAX:(253) 874-9999 TEL;HOME;FAX:(253) 661-5356 ADR;WORK;ENCODING=3DQUOTED-PRINTABLE:;;500 South 336th = Street=3D0D=3D0AP.O. Box 6079;Federal Way;WA;98063;US LABEL;WORK;ENCODING=3DQUOTED-PRINTABLE:500 South 336th = Street=3D0D=3D0AP.O. Box 6079=3D0D=3D0AFederal Way, WA 98063=3D0D=3D0AUS ADR;HOME;ENCODING=3DQUOTED-PRINTABLE:;;33305 10th Court = SW=3D0D=3D0A;Federal Way;WA;98023-5312;US LABEL;HOME;ENCODING=3DQUOTED-PRINTABLE:33305 10th Court = SW=3D0D=3D0A=3D0D=3D0AFederal Way, WA 98023-5312=3D0D=3D0AUS EMAIL;PREF;INTERNET:npcallahan@worldnet.att.net END:VCARD - ------=_NextPart_000_0068_01BCE21C.38F31E30-- ------------------------------ Date: Sun, 26 Oct 1997 13:37:22 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Market & a few stocks... > From: "Tom Worley" > up a little, but can anyone comment on whether energy costs (not > just gas but also home heating oil, etc) is rising or falling in > your part of the country or world? I just know from reading this post and the others in reply that I'm getting screwed on the price of gas out here in CA, $1.59 a gallon for unleaded plus. ------------------------------ Date: Sun, 26 Oct 1997 13:37:22 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Market > To: CANSLIM > From: Peter Christiansen > The consensus seems to be that Greenspan won't raise rates anytime this year. Bonds are > rallying. Hong Kong was up 7%. Gold is in the sewer. The DOW drops 132 points. If the > DOW can't rally under these conditions, when can it? I consider myself to be one of the world's worst market prognisticators, maybe as bad as Joe Granville ;), anyway, looking at a chart of the DJ-30, it made a lower high on its recent rally attempt - highs around 8250 about Aug. 1, just under 8200 in first week of Oct., maybe a bad sign. If support means much on a market average, then 7600 seems to be support, and closes below that would be a real warning sign to me. Regarding Greenspan and interest rates, watch that ECI report released on Tuesday. I read somewhere that Greenspan asked to postpone some sort of testimony until after the report is released so he could have time to study it, so he is giving it quite a bit of weight. How that number comes in might give a good indication of what he will do. Barrons carried a bearish interview with William Fleckstein, who I think actually knows what he is talking about, and he was quite bearish on the tech stocks, notably Dell and Gateway. These things sometimes cause at least short term fluctuations in the prices of the stocks mentioned in the article, so any holders of the above stocks should be aware the an early morning weakness in those 2 might be attributable to the Barrons article. ------------------------------ Date: Sun, 26 Oct 1997 17:45:03 -0500 From: Surindra Singh Subject: Re: [CANSLIM] Market & a few stocks... I am in SW Virginia, and got my Vans tank filled yesterday at an Amoco gas station for $1.069 per gallon in the neighborhood. The price of gas in this area I have noticed is from $1.069 to $1.169. Surindra Patrick Wahl wrote: > > From: "Tom Worley" > > > up a little, but can anyone comment on whether energy costs (not > > just gas but also home heating oil, etc) is rising or falling in > > your part of the country or world? > > I just know from reading this post and the others in reply that I'm > getting screwed on the price of gas out here in CA, $1.59 a gallon > for unleaded plus. ------------------------------ Date: Sun, 26 Oct 1997 17:47:03 -0500 From: Surindra Singh Subject: Re: [CANSLIM] Market & a few stocks... Sorry missed this: The price is for unleaded regular (87 octane) Surindra Singh wrote: > I am in SW Virginia, and got my Vans tank filled yesterday at an Amoco > gas station for $1.069 per gallon in the neighborhood. The price of gas > in this area I have noticed is from $1.069 to $1.169. > > Surindra > > Patrick Wahl wrote: > > > > From: "Tom Worley" > > > > > up a little, but can anyone comment on whether energy costs (not > > > just gas but also home heating oil, etc) is rising or falling in > > > your part of the country or world? > > > > I just know from reading this post and the others in reply that I'm > > getting screwed on the price of gas out here in CA, $1.59 a gallon > > for unleaded plus. ------------------------------ Date: Sun, 26 Oct 1997 18:53:38 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] General - The Market Sam, a suggestion. When I was an active broker, I routinely gave my clients that traded a lot a 25% discount on commissions. On large accts that actively traded, I could do even better. Just because you are using a full svc broker doesn't mean you must pay full commission, esp if you are doing your own research, picks, etc and all the broker is essentially doing is babysitting the acct. If he is not already discounting the commissions, then discuss this with him. If he is not willing to discount, there are thousands of other full svc brokers willing to do so. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - ---------- > From: Sam Funchess > To: canslim@mail.xmission.com > Subject: Re: [CANSLIM] General - The Market > Date: Sunday, October 26, 1997 2:05 PM > > nice insurance policy on my holdings. Unfortunately both of these > holdings are at my full service broker so I will be taking a nice 200 > dollar hit on each trade. > > Sam > ------------------------------ Date: Sun, 26 Oct 1997 16:41:03 -1000 From: frank swenson Subject: Re: [CANSLIM] Market & a few stocks... Patrick Wahl wrote: > > > From: "Tom Worley" > > > up a little, but can anyone comment on whether energy costs (not > > just gas but also home heating oil, etc) is rising or falling in > > your part of the country or world? > > I just know from reading this post and the others in reply that I'm > getting screwed on the price of gas out here in CA, $1.59 a gallon > for unleaded plus. Try $1.82 for unleaded regular (the cheapest). Frank Maui, Hawaii. (Incidentally, Europeans would think this is dirt cheap!) ------------------------------ Date: Mon, 27 Oct 1997 07:09:02 -0500 From: "Tom Worley" Subject: [CANSLIM] NASDAQ new highs on Friday Well, the Marlins failed Saturday in giving me Sunday night off, so had to get up early this AM to review the stocks that hit new highs on Friday. About half or more were under $20, and many of these lacked fundamentals. A number had RS in the 60s or 70s, and many of them lacked earnings as well. All in all not a quality gene pool. There were a few with good CS criteria which I am not listing cuz they were already too extended. However did find a few which merit watching. All are in the DG books, and of course all are at DGO, so not going to review the characteristics other than to repeat that they have an RS in the 90s and EPS in the 70s or better with decent chart formations. You're on your own to do the research. MINI LTBG GNRL PDSF DTPI AMCN PFINA PSTFY Once again I noted very few regional banks, don't know if this is because most are now over $20, or despite the action in the bond mkt they just are not hitting new highs. Many of the NASDAQ stocks that are hitting new highs are still "niche" companies, very little mainstream leadership showing there so far. Hope we have a good Monday, and an even better ECI report on Tuesday, otherwise last week may be a picnic. 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: Mon, 27 Oct 1997 08:52:00 -0500 From: Connie Mack Rea Subject: [CANSLIM] Now what? A bird in the hand. . . . Members-- I posted early last week that I was working to get into cash, a move that received a bit of friendly admonishment because one member had done quite well on one of the up days, and that I had missed the move. I had never seen all 18 of my most watched indictors go south at the same time; none looked as if it were able to soon turn around. Today, those same indicators are negative and becoming more so. I will not touch the market on the long side until I see my indicators do a lot of healing. When that happens, there will be stocks ready for some profitable moves. Believe that I noticed that one member was about to take some profit and begrudged the $200 [?] hit that his full-service broker would render. I can make between 16 and 25 trades for $200--and so can you. Anyone who trades his own account has no need for a full-service broker. Other members will give him the leads and insight necessary to trade and invest. Too, the net is filled with free information. My experience is that brokers, for the most part, have a vested interest in getting you in and out of stocks; that interest ought to be so plain as to be transparent. Too, most brokers don't have the time to do the research that I see members provide here. Brokers get what information they do provide from some in-house or out-of-house service, which, in turn, has a vested interest. When I moved from a former home in Texas to Florida, I checked five brokerages. Not a one had a broker who day traded. Ironically, they quizzed me for information, style, and strategy. There is an analogy between stock brokers and public school students. On balance, students score higher on the SAT than do their teachers. There is no logical repudiation for the fact--other than to say "We need smarter teachers." That brokers would wish to quiz me about day|short term trading is to infer that we need smarter brokers. That only a very small percentage of clients are day|short term investors is insufficient reason not to be versed on the practice. If I were to have been competent only up to the level of the minimally or nominally competent student, I would have deservedly been set free to confound another profession. For those who search extensively, evidence is everywhere and repeats itself. When the search is desperate and the evidence sparse, the searchers make up for the missing bulk by splintering what there is. We praise silliness and incompetence because we want the license to think silly thoughts and to think incompetently. No where else does one become a villain in an instant than in that moment a broker gives a bad piece of advice. Every trader's intent ought to be the lessening dependence on advice given to him by brokers, services, friends, etc. If you don't ever reach independence, you will forever make mistakes at critical points in trading individual stocks or in trying to trade on market impetus [up or down]. There is coming up just such a critical time for most investors. Because I am indifferent about the market's direction--though I am better on the long than the short side--I still must decide what will convince me whether to go short or long, or be in cash. The three alternatives are not ideal, for I could be wrong on three counts. But cash is the great equalizer, for it keeps me from losing equity. I may lose an opportunity on the long or short side, but I've lost no equity. Irrespective of my position, I will not lose sleep on any trade gone bad or any trade that I missed. Protection of equity is absolutely essential; lose equity and you lose everything. I remind myself of this story when I think about stepping into a dangerous market. A Chinese general sent his advance guards through a wooded section where the enemy might lie in ambush; he ordered each man to carry a stone and hurl it into the trees: if the birds flew away, there were no enemy hidden in the brush and the guards could proceed. The guards threw the stones; the birds flew away; the army marched ahead--and was ambushed. The opposing general had ordered each man to catch a bird and to release it when the enemy threw their stones. I hope that no member will advance into the market until he is sure that there is no ambush at hand. Respectfully, Connie Mack ------------------------------ Date: Mon, 27 Oct 1997 09:37:57 -0500 From: sam Subject: Re: [CANSLIM] General - The Market I get a 40% discount, but that is still a large chunk of change if I sell. Oh well; I like to have someone looking over my stocks when I am away from my computer, which is often so I stay with a full service broker for my non retirement accounts. Sam At 06:53 PM 10/26/97 -0500, you wrote: >Sam, a suggestion. When I was an active broker, I routinely gave my >clients that traded a lot a 25% discount on commissions. On large >accts that actively traded, I could do even better. Just because >you are using a full svc broker doesn't mean you must pay full >commission, esp if you are doing your own research, picks, etc and >all the broker is essentially doing is babysitting the acct. If he >is not already discounting the commissions, then discuss this with >him. If he is not willing to discount, there are thousands of other >full svc brokers willing to do so. > >Any statements or opinions are strictly my own and not that of my >employer. My comments should not be interpreted as a recommendation >of any kind. I am a licensed (inactive) broker and an active >investor. All investors should do their own research prior to any >investment, especially one learned about on the Internet. Hopefully >my comments will better inform and educate all investors. > >tom w > >---------- >> From: Sam Funchess >> To: canslim@mail.xmission.com >> Subject: Re: [CANSLIM] General - The Market >> Date: Sunday, October 26, 1997 2:05 PM >> >> nice insurance policy on my holdings. Unfortunately both of these >> holdings are at my full service broker so I will be taking a nice >200 >> dollar hit on each trade. >> >> Sam >> > > > ------------------------------ Date: Mon, 27 Oct 1997 09:39:16 -0500 From: sam Subject: Re: [CANSLIM] Market & a few stocks... I live 2 miles from several mass gas storage tanks and still pay 1.18 for Reg Unleaded. Sam At 04:41 PM 10/26/97 -1000, you wrote: >Patrick Wahl wrote: >> >> > From: "Tom Worley" >> >> > up a little, but can anyone comment on whether energy costs (not >> > just gas but also home heating oil, etc) is rising or falling in >> > your part of the country or world? >> >> I just know from reading this post and the others in reply that I'm >> getting screwed on the price of gas out here in CA, $1.59 a gallon >> for unleaded plus. > > >Try $1.82 for unleaded regular (the cheapest). >Frank >Maui, Hawaii. >(Incidentally, Europeans would think this is dirt cheap!) > > ------------------------------ Date: Tue, 28 Oct 1997 03:43:05 +1300 From: "Dean Edwards" Subject: [CANSLIM] The M in CANSLIM This is a multi-part message in MIME format. - ------=_NextPart_000_000C_01BCE353.995F94A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable The new economic "paradigm" was first brought to my attention from the = CANSLIM forum itself. Here is another interesting article about it. Gold = has usually been an excellent flight to safety when the market panics = over inflation worries. But it seems to have lost its glitter lately. If = money is being diverted out of the stock market, then it should = naturally be heading towards the bond market. Money pouring into the = bond market should lower US bond rates and stabilise the stock market = at this current point of time. All the major economic indicators do not = lead me to believe there is any sign of significant inflation on the = increase. In my opinion the US economy is in excellent shape and this = bull market is not over by any means.=20 I been guided by some excellent principles from a trader in this = market situation. 1) Have a firm belief or conviction. If you a long on = the market or short on the market then stick with it. Most people panic = and do the complete opposite. After months or weeks of having a firm = belief or conviction of the market. In one day they change their whole = view of the market, which means the get shaken out. =20 2) Ignore news headlines or stories in general. They are designed to = sell newspapers.=20 3) Don't be guided by anyones opinion. Relates to principle one. Don't = be influenced by other persons opinions of the market which includes = myself. =20 =20 The other thing I wanted to comment on, was locking in your big stock = profits. I'm not talking about your typical William O'Neil 20 percent = gains but those massive 100-200-400 percent winners.Never sell a stock = because its reached an X value or PE amount. Ride your winners as long = you can. I prefer lurking on here. But I was just blown away when some = said I'm gonna sell my stock when it gets to this particular PE amount. Friday, October 24, 1997=20 Greenspan watch=20 =20 Federal Reserve Chairman Alan Greenspan says the jury is still out = on whether a new economic "paradigm" has arrived in which high growth = can be sustained without excessive inflation.=20 =20 "There's been a considerable amount of discussion on whether the = American economy has entered a benevolent era that is fundamentally = different from what we experienced in the past," Greenspan said in an = address to the National Italian-American Foundation. "This important = debate will continue doubtless for months or even years."=20 =20 Whether Greenspan buys the "new paradigm" theory of economics is = crucial to the direction of stock prices. At issue is whether Greenspan = believes higher economic growth is sustainable without significant = inflation because of factors like greater productivity from technology = and downward pressure on prices because of greater competition that = comes from globalization. If he accepts that theory, he is less likely = to lobby for higher interest rates to limit inflation. Higher interest = rates normally bring the stock markets down.=20 =20 Greenspan is scheduled to deliver his next speech Oct. 29, when he = testifies before the Joint Economic Committee of Congress. Fed = policy-makers next meet to plan monetary policy Nov. 12.=20 =20 =20 Gold sale=20 =20 =20 =20 The U.S. stock markets were also troubled by a sell-off in gold = sparked by reports that the Swiss finance ministry and the Swiss = National Bank approved a plan to sell up to 1,400 metric tons from the = Swiss gold reserve, which totals about 2,600 tons. Gold closed down = $16.10 to $308.60, its lowest price since the 1970s, adjusted for = inflation.=20 =20 The Swiss plan, which must be approved by a referendum next year, is = part of an attempt to reduce the amount of gold that must be held by law = to back the Swiss franc. Switzerland is the last developed country where = laws require gold backing of currency. The plan would reduce the backing = to 25% from 40%. The 1,400 tons of gold to go up for sale is more than = half the annual production from all of the world's gold mines, analysts = say. Gold prices had already been falling during the year on concerns = about sales by central banks.=20 =20 - ------=_NextPart_000_000C_01BCE353.995F94A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
 
The new economic = "paradigm" was=20 first brought to my attention from the CANSLIM forum itself. Here is = another=20 interesting article about it. Gold has usually been an excellent flight = to=20 safety when the market panics over inflation worries. But it seems to = have lost=20 its glitter lately. If money  is being diverted out of the stock = market,=20 then it should naturally be heading towards the bond market. Money = pouring into=20 the bond market  should lower US bond rates and stabilise the stock = market=20 at this current point of time.  All the major = economic=20 indicators do not  lead me to believe there is = any sign of=20 significant inflation on the increase. In my opinion the US economy  is in = excellent=20 shape and  this  bull market is not over by any means.
    I been guided by some = excellent=20 principles from a trader in this market situation. 1) Have a firm belief = or=20 conviction. If you a long on the market or short on the = market=20 then stick with it. Most people panic and do the complete opposite. = After months=20 or weeks of having a firm belief or conviction of the market. In one day = they=20 change their whole view of the market, which means the get shaken=20 out.  
2) Ignore news headlines or stories in general. They are designed = to sell=20 newspapers.
3) Don't be guided by = anyones=20 opinion. Relates to principle one. Don't be influenced by other = persons=20 opinions of the market which includes myself. =20
   
The other thing I wanted to comment = on, was=20 locking in your  big stock profits. I'm not talking about your = typical=20 William O'Neil  20 percent gains but those massive 100-200-400 = percent=20 winners.Never sell a stock because its reached=20 an X value or PE amount. Ride your winners as long you can. I prefer = lurking on=20 here. But I was just blown away when some said I'm = gonna=20 sell my stock when it gets to this particular PE amount.
 
 

Friday, = October 24,=20 1997=20


Greenspan watch

Federal Reserve Chairman Alan Greenspan says the jury is still = out on=20 whether a new economic "paradigm" has arrived in which = high growth=20 can be sustained without excessive inflation.

"There's been a considerable amount of discussion on whether = the=20 American economy has entered a benevolent era that is fundamentally=20 different from what we experienced in the past," Greenspan said = in an=20 address to the National Italian-American Foundation. "This = important=20 debate will continue doubtless for months or even years."

Whether Greenspan buys the "new paradigm" theory of = economics=20 is crucial to the direction of stock prices. At issue is whether = Greenspan=20 believes higher economic growth is sustainable without significant = inflation=20 because of factors like greater productivity from technology and = downward=20 pressure on prices because of greater competition that comes from=20 globalization. If he accepts that theory, he is less likely to lobby = for=20 higher interest rates to limit inflation. Higher interest rates = normally=20 bring the stock markets down.

Greenspan is scheduled to deliver his next speech Oct. 29, when = he=20 testifies before the Joint Economic Committee of Congress. Fed = policy-makers=20 next meet to plan monetary policy Nov. 12. =

Gold sale=20


The U.S. stock markets were also troubled by a sell-off in gold = sparked=20 by reports that the Swiss finance ministry and the Swiss National = Bank=20 approved a plan to sell up to 1,400 metric tons from the Swiss gold = reserve,=20 which totals about 2,600 tons. Gold closed down $16.10 to $308.60, = its=20 lowest price since the 1970s, adjusted for inflation.

The Swiss plan, which must be approved by a referendum next year, = is part=20 of an attempt to reduce the amount of gold that must be held by law = to back=20 the Swiss franc. Switzerland is the last developed country where = laws=20 require gold backing of currency. The plan would reduce the backing = to 25%=20 from 40%. The 1,400 tons of gold to go up for sale is more than half = the=20 annual production from all of the world's gold mines, analysts say. = Gold=20 prices had already been falling during the year on concerns about = sales by=20 central banks.

- ------=_NextPart_000_000C_01BCE353.995F94A0-- ------------------------------ End of canslim Digest V1 #326 ***************************** 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.