From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1045 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Saturday, November 11 2000 Volume 02 : Number 1045 In this issue: [CANSLIM] Schwab commissions [CANSLIM] Finding a bottom Re: [CANSLIM] Schwab commissions [CANSLIM] Intro: Norman Boyd Re: [CANSLIM] Intro: Norman Boyd Re: [CANSLIM] Intro: Norman Boyd Re: [CANSLIM] Schwab commissions Re: [CANSLIM] Interesting Point from WON Re: [CANSLIM] Interesting Point from WON [CANSLIM] DGO List - Part One ---------------------------------------------------------------------- Date: Thu, 9 Nov 2000 23:26:42 -0800 From: "Mike Lucero" Subject: [CANSLIM] Schwab commissions Schwab's improved their Active Trader commissions. It's still the same price: Shares up to 30/qtr 31-60/qtr >60 1000 29.95 19.95 14.95 >1000 .03/shr .02 .01/shr min 14.95 but now your commission level is carried into the next quarter instead of resetting to 29.95/ .03/shr. - - ------------------------------ Date: Fri, 10 Nov 2000 07:59:11 -0500 From: "Tom Worley" Subject: [CANSLIM] Finding a bottom Futures suggest we will not only open down several percent on Nasdaq, but will continue to seek a bottom. I still think we may have to break 3000 before this is all over. The markets really hate uncertainty, and this election is killing us, unless you are smart enough to be 100% cash. And it's all happening in my back yard, oh to live such an interesting life! Tom Worley stkguru@netside.net ICQ # 5568838 - - ------------------------------ Date: 10 Nov 2000 06:53:08 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] Schwab commissions So when does it reset? 2001? I got it once during the height of the feeding frenzy this spring. At 11:26 PM 11/9/00 -0800, you wrote: >Schwab's improved their Active Trader commissions. It's still the same >price: > >Shares up to 30/qtr 31-60/qtr >60 >1000 29.95 19.95 14.95 > >1000 .03/shr .02 .01/shr >min 14.95 > >but now your commission level is carried into the next quarter instead of >resetting to 29.95/ .03/shr. > > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Fri, 10 Nov 2000 12:59:55 -0600 From: "D & N Boyd" Subject: [CANSLIM] Intro: Norman Boyd Hello, I have been reading the digest for several months now and find it very interesting. I currently have subscribed to receive only the digest. I have just begun to invest in stocks so my learning curve is still very steep. Hopefully it will remain that way for awhile. I live on the gulf coast of Texas where I work as a fisheries biologist. I am married and live out in the country with my wife, our 2 teenage daughters and what ever animals 'follow' them home. Thought I would relay an investors.com response to some questions I had. It looks like their site will take a giant step forward soon. Questions: 1. In the future, after beta testing, will print edition archives be available to print subscribers. I am really tired of saving newspapers - - fire hazard you know! And, will these archives be searchable so that we don't have to keep an index of all potentially usefull articles. 2. Will there be an online stock screen available to print subscribers? Response: Dear Mr. Boyd: Thank you for your inquiry. We are currently in the beta testing stage of our new website, www.investors.com. When the final version is launched, probably within the next few weeks, there will be an extensive article archive available. A fee structure for access, as it pertains to subscribers/non-subscribers, has not been finalized. Our programmers are planning on adding a new search feature to the site which will allow you to generate a list of stocks that meet the specific criteria you set forth. This feature is not online yet but will probably be ready shortly after the beta "test" period is over. A specific date has not been given yet. Stay tuned! Best regards, investors.com - - ------------------------------ Date: Fri, 10 Nov 2000 11:11:50 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Intro: Norman Boyd Cool, another fish squeezer! Welcome aboard! On 10:59 AM 11/10/00, D & N Boyd Said: >Hello, I have been reading the digest for several months now and find it >very interesting. I currently have subscribed to receive only the digest. >I have just begun to invest in stocks so my learning curve is still very >steep. Hopefully it will remain that way for awhile. > >I live on the gulf coast of Texas where I work as a fisheries biologist. I >am married and live out in the country with my wife, our 2 teenage daughters >and what ever animals 'follow' them home. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Fri, 10 Nov 2000 14:37:14 -0500 From: Surindra Singh Subject: Re: [CANSLIM] Intro: Norman Boyd i thought biologist and squeezer are way apart... surindra - ----- Original Message ----- From: "Tim Fisher" To: Sent: Friday, November 10, 2000 2:11 PM Subject: Re: [CANSLIM] Intro: Norman Boyd Cool, another fish squeezer! Welcome aboard! On 10:59 AM 11/10/00, D & N Boyd Said: >Hello, I have been reading the digest for several months now and find it >very interesting. I currently have subscribed to receive only the digest. >I have just begun to invest in stocks so my learning curve is still very >steep. Hopefully it will remain that way for awhile. > >I live on the gulf coast of Texas where I work as a fisheries biologist. I >am married and live out in the country with my wife, our 2 teenage daughters >and what ever animals 'follow' them home. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - - ------------------------------ Date: Fri, 10 Nov 2000 12:18:53 -0800 From: "Mike Lucero" Subject: Re: [CANSLIM] Schwab commissions It resets at the start of every quarter. I guess I should have said your commission level is determined by how many trades you made the previous quarter. - ----- Original Message ----- From: "Tim Fisher" To: Sent: Friday, November 10, 2000 6:53 AM Subject: Re: [CANSLIM] Schwab commissions So when does it reset? 2001? I got it once during the height of the feeding frenzy this spring. At 11:26 PM 11/9/00 -0800, you wrote: >Schwab's improved their Active Trader commissions. It's still the same >price: > >Shares up to 30/qtr 31-60/qtr >60 >1000 29.95 19.95 14.95 > >1000 .03/shr .02 .01/shr >min 14.95 > >but now your commission level is carried into the next quarter instead of >resetting to 29.95/ .03/shr. > > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - - - ------------------------------ Date: Fri, 10 Nov 2000 21:30:49 EST From: "can slim" Subject: Re: [CANSLIM] Interesting Point from WON Do you still own ELNT? >From: "Tom Worley" >Reply-To: canslim@lists.xmission.com >To: >Subject: Re: [CANSLIM] Interesting Point from WON >Date: Sun, 5 Nov 2000 06:19:54 -0500 > >As a rule, I do not buy any stocks I am not willing to own long >term (defined for me as a year or longer). I am not trading on >margin any more, but if I was the minimum would be three months. > >Currently, 4 of my 5 holdings have been held for over a year. >That is not a function of good adherence to CANSLIM, just the >opposite as I should have exited all of them. Sheer lack of time >due extremely long work hours and exhaustion led to inaction as I >could not follow my personal methodology and application of >CANSLIM. The one stock that is under 1 year is EPIQ, which I am >on my fourth ownership in just over two years, yielding 70%, 20%, >30% the first three times and currently up 50% on the present >ownership (closer attention and I would have recently sold up >80%). > >Generally speaking, I do not sell unless fundamentals >deteriorate. Since I no longer must generate an income from my >investments, I am more tolerant of dips and pullbacks. > >Tom Worley >stkguru@netside.net >ICQ # 5568838 > > >----- Original Message ----- >From: Kent Norman >To: >Sent: Saturday, November 04, 2000 8:04 PM >Subject: Re: [CANSLIM] Interesting Point from WON > > >Thanks > >I guess that is what I have been doing wrong, following the >herd - or is >it "heard"? > >Just out of curiosity - approximately how long do you hold an >average >stock? > >Kent > > >Tom Worley wrote: > > > > Probably true if all you consider are high volume stocks that > > institutionals like. Since I only focus on small and micro cap > > stocks where the institutionals are less likely to play, I tend > > to get in ahead of them. > > > > But CANSLIM is a method of decision making independent of what > > the institutionals are doing. Used properly, it permits you to >be > > in the stock before the rest of the "herd" follows suit. Done > > right, you already own the stock prior to the "herd" beginning >to > > chase it. > > > > Tom Worley > > stkguru@netside.net > > ICQ # 5568838 > > > > ----- Original Message ----- > > From: Kent Norman > > To: > > Sent: Saturday, November 04, 2000 6:29 PM > > Subject: Re: [CANSLIM] Interesting Point from WON > > > > Tom > > > > Isn't this effectively what CANSLIM does? Wait for high volume > > breakout > > caused by institutions and then jump on board? > > > > Thanks > > Kent > > > > Tom Worley wrote: > > > > > > Hi Tim, > > > > > > You should reread the piece again, it does not say the rally > > > starts with slow growth companies, just that it can, as it > > seems > > > to be doing here. > > > > > > I also don't think sector rotation is so much an artifact as >it > > > is symptomatic of "herd mentality" among the institutional > > > managers, all competing to be better than the next one. So >the > > > upstarts tend to chase the purchasing and selling of the ones > > > with established reputations, without having their own > > > methodology and decision making. > > > > > > Tom Worley > > > stkguru@netside.net > > > ICQ # 5568838 > > > > > > ----- Original Message ----- > > > From: Tim Fisher > > > To: > > > Sent: Friday, November 03, 2000 1:01 PM > > > Subject: RE: [CANSLIM] Interesting Point from WON > > > > > > This is an interesting assertion. have any data to back it >up? > > Do > > > rallies > > > really start with slower growth companies? My impression has > > been > > > that > > > sectors rotate throughout a rally and the growth you observe >as > > > the rally > > > matures is simply an artifact of the fact that a rally is > > driving > > > prices, > > > performance, the economy,and thus EPS. > > > > > > On 06:22 AM 11/3/00, David Squires Said: > > > > > > >The 1-13 week time frame is based on WON's study of many >bull > > > market cycles. > > > >In his study he found that quality leadership names will >clear > > > sound bases > > > >for up to 13 weeks after the low. This is why you can sit >and > > > wait for the > > > >real high growth leaders rather than slower growth names >that > > > set-up. > > > > > > > >DSquires > > > > > > > > > -----Original Message----- > > > > > From: owner-canslim@lists.xmission.com > > > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of >Earl > > > Setser > > > > > Sent: Friday, November 03, 2000 8:40 AM > > > > > To: canslim@xmission.com > > > > > Cc: steven.e.mlaker@l-3com.com > > > > > Subject: [CANSLIM] Interesting Point from WON > > > > > > > > > > > > > > > Here is an interesting tidbit from WON from the IBD > > website. > > > > > > > > > > > > > > > "Question: The Dow and the Nasdaq have both had "follow > > > through" > > > > > days. Will > > > > > this potential rally falter with the lack of sound base > > > patterns from > > > > > quality companies? > > > > > > > > > > > > > > > - Submitted > > from > > > > > Durham, N.C. > > > > > > > > > > > > > > > > > > > > WON's Answer: Not necessarily. Now that you have had a > > > follow-through, the > > > > > only thing you know is that the market has now signaled >its > > > change of > > > > > direction. If you don't see any quality stocks breaking >out > > > of sound bases > > > > > on strong volume, then you don't buy anything. If the > > > follow-through is > > > > > "for real" and the market continues in a rally phase, you > > > should begin to > > > > > see quality stocks begin to break out of sound bases > > anywhere > > > from one to > > > > > 13 weeks after the follow-through day. It's possible that > > > right now the > > > > > potential leaders are building the right sides of their > > cups > > > or other base > > > > > patterns and will break out at some point a few weeks > > later. > > > The > > > > > good thing > > > > > is that you don't have to know what the market is going >to > > > do. > > > > > And if there > > > > > are no breakouts occurring, then you will naturally not >get > > > sucked into a > > > > > potentially failing follow-through. " > > > > > > > > > > > > > > > Anyone else ever see the 1 to 13 week timeframe for >quality > > > breakouts to > > > > > start? This was a new one for me, but I think it makes > > > sense. After an > > > > > extended down period, even the new leaders could have bee >n > > > beaten down > > > > > enough that the right side of the cup could take weeks or > > > longer to form. > > > > > > > > > > - > > > > > > > > > > > > > > > > > > > > > >- > > > > > > Tim Fisher > > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > > > Tim@OreRockOn.com > > > WWW: http://OreRockOn.com > > > See naked fish and rocks! > > > > > > - > > > > > > - > > > > - > > > > - > >- > > > >- > _________________________________________________________________________ Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com. Share information about yourself, create your own public profile at http://profiles.msn.com. - - ------------------------------ Date: Fri, 10 Nov 2000 22:45:32 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Interesting Point from WON I wish! Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: can slim To: Sent: Friday, November 10, 2000 9:30 PM Subject: Re: [CANSLIM] Interesting Point from WON Do you still own ELNT? >From: "Tom Worley" >Reply-To: canslim@lists.xmission.com >To: >Subject: Re: [CANSLIM] Interesting Point from WON >Date: Sun, 5 Nov 2000 06:19:54 -0500 > >As a rule, I do not buy any stocks I am not willing to own long >term (defined for me as a year or longer). I am not trading on >margin any more, but if I was the minimum would be three months. > >Currently, 4 of my 5 holdings have been held for over a year. >That is not a function of good adherence to CANSLIM, just the >opposite as I should have exited all of them. Sheer lack of time >due extremely long work hours and exhaustion led to inaction as I >could not follow my personal methodology and application of >CANSLIM. The one stock that is under 1 year is EPIQ, which I am >on my fourth ownership in just over two years, yielding 70%, 20%, >30% the first three times and currently up 50% on the present >ownership (closer attention and I would have recently sold up >80%). > >Generally speaking, I do not sell unless fundamentals >deteriorate. Since I no longer must generate an income from my >investments, I am more tolerant of dips and pullbacks. > >Tom Worley >stkguru@netside.net >ICQ # 5568838 > > >----- Original Message ----- >From: Kent Norman >To: >Sent: Saturday, November 04, 2000 8:04 PM >Subject: Re: [CANSLIM] Interesting Point from WON > > >Thanks > >I guess that is what I have been doing wrong, following the >herd - or is >it "heard"? > >Just out of curiosity - approximately how long do you hold an >average >stock? > >Kent > > >Tom Worley wrote: > > > > Probably true if all you consider are high volume stocks that > > institutionals like. Since I only focus on small and micro cap > > stocks where the institutionals are less likely to play, I tend > > to get in ahead of them. > > > > But CANSLIM is a method of decision making independent of what > > the institutionals are doing. Used properly, it permits you to >be > > in the stock before the rest of the "herd" follows suit. Done > > right, you already own the stock prior to the "herd" beginning >to > > chase it. > > > > Tom Worley > > stkguru@netside.net > > ICQ # 5568838 > > > > ----- Original Message ----- > > From: Kent Norman > > To: > > Sent: Saturday, November 04, 2000 6:29 PM > > Subject: Re: [CANSLIM] Interesting Point from WON > > > > Tom > > > > Isn't this effectively what CANSLIM does? Wait for high volume > > breakout > > caused by institutions and then jump on board? > > > > Thanks > > Kent > > > > Tom Worley wrote: > > > > > > Hi Tim, > > > > > > You should reread the piece again, it does not say the rally > > > starts with slow growth companies, just that it can, as it > > seems > > > to be doing here. > > > > > > I also don't think sector rotation is so much an artifact as >it > > > is symptomatic of "herd mentality" among the institutional > > > managers, all competing to be better than the next one. So >the > > > upstarts tend to chase the purchasing and selling of the ones > > > with established reputations, without having their own > > > methodology and decision making. > > > > > > Tom Worley > > > stkguru@netside.net > > > ICQ # 5568838 > > > > > > ----- Original Message ----- > > > From: Tim Fisher > > > To: > > > Sent: Friday, November 03, 2000 1:01 PM > > > Subject: RE: [CANSLIM] Interesting Point from WON > > > > > > This is an interesting assertion. have any data to back it >up? > > Do > > > rallies > > > really start with slower growth companies? My impression has > > been > > > that > > > sectors rotate throughout a rally and the growth you observe >as > > > the rally > > > matures is simply an artifact of the fact that a rally is > > driving > > > prices, > > > performance, the economy,and thus EPS. > > > > > > On 06:22 AM 11/3/00, David Squires Said: > > > > > > >The 1-13 week time frame is based on WON's study of many >bull > > > market cycles. > > > >In his study he found that quality leadership names will >clear > > > sound bases > > > >for up to 13 weeks after the low. This is why you can sit >and > > > wait for the > > > >real high growth leaders rather than slower growth names >that > > > set-up. > > > > > > > >DSquires > > > > > > > > > -----Original Message----- > > > > > From: owner-canslim@lists.xmission.com > > > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of >Earl > > > Setser > > > > > Sent: Friday, November 03, 2000 8:40 AM > > > > > To: canslim@xmission.com > > > > > Cc: steven.e.mlaker@l-3com.com > > > > > Subject: [CANSLIM] Interesting Point from WON > > > > > > > > > > > > > > > Here is an interesting tidbit from WON from the IBD > > website. > > > > > > > > > > > > > > > "Question: The Dow and the Nasdaq have both had "follow > > > through" > > > > > days. Will > > > > > this potential rally falter with the lack of sound base > > > patterns from > > > > > quality companies? > > > > > > > > > > > > > > > - Submitted > > from > > > > > Durham, N.C. > > > > > > > > > > > > > > > > > > > > WON's Answer: Not necessarily. Now that you have had a > > > follow-through, the > > > > > only thing you know is that the market has now signaled >its > > > change of > > > > > direction. If you don't see any quality stocks breaking >out > > > of sound bases > > > > > on strong volume, then you don't buy anything. If the > > > follow-through is > > > > > "for real" and the market continues in a rally phase, you > > > should begin to > > > > > see quality stocks begin to break out of sound bases > > anywhere > > > from one to > > > > > 13 weeks after the follow-through day. It's possible that > > > right now the > > > > > potential leaders are building the right sides of their > > cups > > > or other base > > > > > patterns and will break out at some point a few weeks > > later. > > > The > > > > > good thing > > > > > is that you don't have to know what the market is going >to > > > do. > > > > > And if there > > > > > are no breakouts occurring, then you will naturally not >get > > > sucked into a > > > > > potentially failing follow-through. " > > > > > > > > > > > > > > > Anyone else ever see the 1 to 13 week timeframe for >quality > > > breakouts to > > > > > start? This was a new one for me, but I think it makes > > > sense. After an > > > > > extended down period, even the new leaders could have bee >n > > > beaten down > > > > > enough that the right side of the cup could take weeks or > > > longer to form. > > > > > > > > > > - > > > > > > > > > > > > > > > > > > > > > >- > > > > > > Tim Fisher > > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > > > Tim@OreRockOn.com > > > WWW: http://OreRockOn.com > > > See naked fish and rocks! > > > > > > - > > > > > > - > > > > - > > > > - > >- > > > >- > _________________________________________________________________ ________ Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com. Share information about yourself, create your own public profile at http://profiles.msn.com. - - - - ------------------------------ Date: Sat, 11 Nov 2000 09:43:22 -0500 From: "Tom Worley" Subject: [CANSLIM] DGO List - Part One Overall, the list totaled 250, maintaining a surprising parity (at least to me) to last week's total of 251. With NASDAQ down over 12% for the week, I did not expect this large a list, tho suspect most were at/within 5% of their 12 month highs early in the week. For prior weeks, the total was 201, 176, and 153. SRNA - b/o failed, back to B3 CHKP - undercutting long base at $150 IFIN - B2 AMRI - B3 DFXI - B3 SEIC - B2 FRX - B3 MME - broke out Friday on volume from a reasonably tight B6, closed right at the pivot SWBT - B2 USPH - B2+ PHM - possible b/o from a handle less than one week, risky, but nice cup EDMC - B2- FII - B2, all "A"s MFC - B2++ IGT - B3+ PENN - B5 PATH - B3 ACL - B3 EWBC - B8 SDS - B2 FED - B2 INSUA - B6+ DORL - B2 HAVN - B2 handle on a shallow cup NFS - B2 DH - possible handle forming on a double bottom reviewing from the heart of PETROF (Presidential Election That Recounts On Forever), but then it can't last forever, can it?? Or can it? Tom Worley stkguru@netside.net ICQ # 5568838 - - ------------------------------ End of canslim-digest V2 #1045 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.