From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1092 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 Thursday, January 18 2001 Volume 02 : Number 1092 In this issue: Re: [CANSLIM] Hello Out There? Re: [CANSLIM] Hello Out There? Re: [CANSLIM] Hello Out There? [CANSLIM] Quiet? RE: [CANSLIM] M? RE: [CANSLIM] M? RE: [CANSLIM] M? RE: [CANSLIM] M? [CANSLIM] M PERVERSITY Re: [CANSLIM] M PERVERSITY Re: [CANSLIM] M PERVERSITY [CANSLIM] A CANSLIM stock Re: [CANSLIM] A CANSLIM stock [CANSLIM] Article on RYL [CANSLIM] Fw: Two breakout candidates Re: [CANSLIM] M PERVERSITY Re: [CANSLIM] A CANSLIM stock Re: [CANSLIM] M PERVERSITY Re: [CANSLIM] Fw: Two breakout candidates Re: [CANSLIM] M PERVERSITY [CANSLIM] Tech turnaround? Re: [CANSLIM] M PERVERSITY ---------------------------------------------------------------------- Date: Wed, 17 Jan 2001 22:16:27 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Hello Out There? nope, group seems to be quiet despite signs of underlying strength, and a likely upcoming 25 basis pt cut by the Feds at the meeting end of this month. We are now into the reality of earnings for Q4 (for most corps) and so far seems to be more positives than negatives, and the negatives already pretty well factored into stock prices. Maybe everyone is too busy dusting off their watch lists? Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: esetser To: Sent: Wednesday, January 17, 2001 9:55 PM Subject: [CANSLIM] Hello Out There? Hmmm, no messages today. I just changed ISPs so I'm wondering if I'm missing something? - - - - ------------------------------ Date: Wed, 17 Jan 2001 21:22:43 -0600 From: Kent Norman Subject: Re: [CANSLIM] Hello Out There? Hi Earl, I don't see any CANSLIM articles either. I guess people are pouring over their charts? Kent esetser wrote: > > Hmmm, no messages today. I just changed ISPs so I'm wondering if I'm > missing something? > > - - - ------------------------------ Date: Wed, 17 Jan 2001 19:55:02 -0800 (PST) From: Dave Cameron Subject: Re: [CANSLIM] Hello Out There? In my case, working 12 hour days. The new feeling that we may not go into a recession has sparked business a bit. I got fully invested recently - so am no longer looking to buy. I've violated CANSLIM in that I've bought some stocks that aren't all that close to new highs. I recognize that overhead supply will be a potential problem so I haven't really mentioned any. Dave Cameron dfcameron@yahoo.com > > ----- Original Message ----- > From: esetser > To: > Sent: Wednesday, January 17, 2001 9:55 PM > Subject: [CANSLIM] Hello Out There? > > > Hmmm, no messages today. I just changed ISPs so I'm > wondering if > I'm > missing something? > > - > > > > - > __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.com/ - - ------------------------------ Date: 18 Jan 2001 05:19:40 -0800 From: "Tim Fisher" Subject: [CANSLIM] Quiet? I haven't been quiet. Am almost fully invested with one stock held in reserve. Got into MTH and CVTY again at the open yesterday, looks to be a good strategy (but definitely NOT a CANSLIM buy point). These are good stocks, leaders, which got jerked around by day traders, so I decided to pick up the leftovers. Paid off in spades yesterday, but I don't think I will hold for long if they don't recover right back into new high territory quickly. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Thu, 18 Jan 2001 09:09:05 -0500 From: Rakesh Sanghvi Subject: RE: [CANSLIM] M? Hey all! Allright since no one else wants to talk about the M, I'll take a swing (again). NDX ran into resistance right around 2630 in the AM (as expected). Today's IBD seemed to pick up on that too and mentioned (again) that optimism is way too high to start a new Bull market (57% of bullish advisors). Methinks a new low on the way for the NDX. Sold carefully yesterday and Looking to get out completely today. Cheers, Rakesh - -----Original Message----- From: Kent Norman [mailto:gsnake@flash.net] Sent: Wednesday, January 17, 2001 10:23 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Hello Out There? Hi Earl, I don't see any CANSLIM articles either. I guess people are pouring over their charts? Kent esetser wrote: > > Hmmm, no messages today. I just changed ISPs so I'm wondering if I'm > missing something? > > - - - - - ------------------------------ Date: 18 Jan 2001 06:30:12 -0800 From: "Tim Fisher" Subject: RE: [CANSLIM] M? You're selling based on what, exactly? Sentiment? I'm puzzled; where does WON advise selling off on the 3rd follow-through day? And what resistance? It opened and closed above 2650, in fact it never traded near there. Blew through it like it wasn't even there. The only thing holding it back now is waiting for the FOMC meeting, and I would like to see it hold above 2650 now that it's there. I also would like to see the SP500 close above it's 50 dma and stay there, which it hasn't done in months. If you're into CANSLIM stocks right now then you really should be watching the S&P and the RUT, not the NDX anyway. The RUT is looking very strong, approaching its 200 and well above the 50. NDX Date Open High Low Close 17-Jan-01 2710.53 2756.63 2668.48 2682.78 At 09:09 AM 1/18/2001 -0500, you wrote: >Hey all! > >Allright since no one else wants to talk about the M, I'll take a swing >(again). NDX ran into resistance right around 2630 in the AM (as expected). >Today's IBD seemed to pick up on that too and mentioned (again) that >optimism is way too high to start a new Bull market (57% of bullish >advisors). Methinks a new low on the way for the NDX. Sold carefully >yesterday and Looking to get out completely today. > >Cheers, > >Rakesh > > >-----Original Message----- >From: Kent Norman [mailto:gsnake@flash.net] >Sent: Wednesday, January 17, 2001 10:23 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] Hello Out There? > > >Hi Earl, I don't see any CANSLIM articles either. I guess people are >pouring over their charts? > >Kent > >esetser wrote: > > > > Hmmm, no messages today. I just changed ISPs so I'm wondering if I'm > > missing something? > > > > - > >- > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Thu, 18 Jan 2001 09:30:39 -0500 From: Rakesh Sanghvi Subject: RE: [CANSLIM] M? Okaay. my bad? When I say the NDX (the IXNDX) I meant Nas 100. Sorry about any confusion caused. Rakesh - -----Original Message----- From: Tim Fisher [mailto:tim@orerockon.com] Sent: Thursday, January 18, 2001 9:30 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] M? You're selling based on what, exactly? Sentiment? I'm puzzled; where does WON advise selling off on the 3rd follow-through day? And what resistance? It opened and closed above 2650, in fact it never traded near there. Blew through it like it wasn't even there. The only thing holding it back now is waiting for the FOMC meeting, and I would like to see it hold above 2650 now that it's there. I also would like to see the SP500 close above it's 50 dma and stay there, which it hasn't done in months. If you're into CANSLIM stocks right now then you really should be watching the S&P and the RUT, not the NDX anyway. The RUT is looking very strong, approaching its 200 and well above the 50. NDX Date Open High Low Close 17-Jan-01 2710.53 2756.63 2668.48 2682.78 At 09:09 AM 1/18/2001 -0500, you wrote: >Hey all! > >Allright since no one else wants to talk about the M, I'll take a swing >(again). NDX ran into resistance right around 2630 in the AM (as expected). >Today's IBD seemed to pick up on that too and mentioned (again) that >optimism is way too high to start a new Bull market (57% of bullish >advisors). Methinks a new low on the way for the NDX. Sold carefully >yesterday and Looking to get out completely today. > >Cheers, > >Rakesh > > >-----Original Message----- >From: Kent Norman [mailto:gsnake@flash.net] >Sent: Wednesday, January 17, 2001 10:23 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] Hello Out There? > > >Hi Earl, I don't see any CANSLIM articles either. I guess people are >pouring over their charts? > >Kent > >esetser wrote: > > > > Hmmm, no messages today. I just changed ISPs so I'm wondering if I'm > > missing something? > > > > - > >- > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - - - ------------------------------ Date: Thu, 18 Jan 2001 09:10:41 -0800 (PST) From: Dave Cameron Subject: RE: [CANSLIM] M? My take on the following is the same. It was the action of the RUT which got me back in as fully invested and keeps me in. Of course, I'm a bit of a purist. WON used to say that "S" was important in that you needed enough shares outstanding for the big guys to recognize it, but not SO big that it moved like an elephant. Lately he's backed off the "SO big" part - in that some big, big companies have been considered. But - the action right now is in the small arena. - --- Tim Fisher wrote: > If you're into CANSLIM stocks right now > then you really should be watching the > S&P and the RUT, not the NDX anyway. The > RUT is looking very strong, approaching > its 200 and well above the 50. > __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.com/ - - ------------------------------ Date: Thu, 18 Jan 2001 13:02:47 -0500 From: "Charles Layne" Subject: [CANSLIM] M PERVERSITY Oh the perversity of it all! MDC spouts out great earnings report - exceeds analysts prophecies - and what happens? It promptly drops 2-3 points. Meanwhile, INTEL says we ain't going to meet expectations, and up it goes. What gives? (except I have a position in MDC & not INTEL). What's the thought on MDC chart action? Charles Layne - - ------------------------------ Date: Thu, 18 Jan 2001 13:15:23 -0500 From: "Charles Layne" Subject: Re: [CANSLIM] M PERVERSITY - ----- Original Message ----- From: "Charles Layne" To: Sent: Thursday, January 18, 2001 1:02 PM Subject: [CANSLIM] M PERVERSITY > Oh the perversity of it all! MDC spouts out great earnings report - exceeds > analysts prophecies - and what happens? It promptly drops 2-3 points. > Meanwhile, INTEL says we ain't going to meet expectations, and up it goes. > What gives? (except I have a position in MDC & not INTEL). > > What's the thought on MDC chart action? Oh yeah, I forgot to add: WHILE THE M GOES UP! Charles Layne - - ------------------------------ Date: Thu, 18 Jan 2001 10:41:50 -0800 From: Tim Fisher Subject: Re: [CANSLIM] M PERVERSITY Hoousing permits are down as reported today, so this has nothing to do with MDC, it's the entire sector that's selling off. On 10:02 AM 1/18/01, Charles Layne Said: >Oh the perversity of it all! MDC spouts out great earnings report - exceeds >analysts prophecies - and what happens? It promptly drops 2-3 points. >Meanwhile, INTEL says we ain't going to meet expectations, and up it goes. >What gives? (except I have a position in MDC & not INTEL). > >What's the thought on MDC chart action? > > >Charles Layne Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 18 Jan 2001 11:25:48 -0800 From: "Ian" Subject: [CANSLIM] A CANSLIM stock Hi all: I have found a very attractive CANSLIM stock: ACLNF C - Last quarters earnings were $0.89 for the q. Up 80% y-o-y. A - 4 years EPS growth: $0.97, $1.44, $1.67, $3.40 (estimated - 1Q left and they're at $2.46 already) N - Their entry into the auto transportation business is less than 1 year old. It is the driver of this incredible recent growth. According to some pre-results announced today, this growth shows no signs of abating: http://biz.yahoo.com/bw/010118/acln_limit.html They also have several new vessels to help propel their growth. S - Only 14,000,000 shares outstanding. A very attractive number, IMO. L - From a competitive standpoint, it appears that they are by themselves. From a stock relative strength standpoint, they have already doubled in the past year, so I assume it is very high (I don't have access to IBD right now). I - Some big names are recent buyers for their funds (MSDW, ML, Citigroup etc...): M - Who knows how long it will last, but we are definitely in a bull rally right now. I am erring on the side of low-valuation stocks with huge growth. ACLNF is trading for a cash-adjusted forward P/S of about 1, and a forward P/E of around 5-6. They are growing at 70-80%. I can find no other stock on any market with these kind of growth characteristics, the huge EPS/margins, and this low a valuation. The safety net over the next 6 months is that they just pre-announced continued strong demand/growth. From a chart standpoint, there is no appealing reason to buy right now (although it is crossing above its 50 and 20-day moving averages, for what that's worth). Opinions?? Ian - - ------------------------------ Date: Thu, 18 Jan 2001 11:33:08 -0800 From: Tim Fisher Subject: Re: [CANSLIM] A CANSLIM stock I owned it a while ago, sold it when it started to crumble in Aug. For a turnaround, it isn't bad, but the entire industry group dropped off my HGS scans a while back. There are only two growth stocks in that industry, ACLN and NAT. I get Group RS of 54 from HGS and it's dropping fast. From a CANSLIM perspective, it's corrected more than 30% from its high, so it does not meet my criteria. Overhead supply and all. When news as good as came out today generates this much volume and the price doesn't move, you have to wonder whether it isn't "priced to perfection" already. On 11:25 AM 1/18/01, Ian Said: >Hi all: > >I have found a very attractive CANSLIM stock: ACLNF > >C - Last quarters earnings were $0.89 for the q. Up 80% y-o-y. > >A - 4 years EPS growth: $0.97, $1.44, $1.67, $3.40 (estimated - 1Q left and >they're at $2.46 already) > >N - Their entry into the auto transportation business is less than 1 year >old. It is the driver of this incredible recent growth. According to some >pre-results announced today, this growth shows no signs of abating: >http://biz.yahoo.com/bw/010118/acln_limit.html >They also have several new vessels to help propel their growth. > >S - Only 14,000,000 shares outstanding. A very attractive number, IMO. > >L - From a competitive standpoint, it appears that they are by themselves. > From a stock relative strength standpoint, they have already doubled in the >past year, so I assume it is very high (I don't have access to IBD right >now). > >I - Some big names are recent buyers for their funds (MSDW, ML, Citigroup >etc...): > >M - Who knows how long it will last, but we are definitely in a bull rally >right now. I am erring on the side of low-valuation stocks with huge growth. >ACLNF is trading for a cash-adjusted forward P/S of about 1, and a forward >P/E of around 5-6. They are growing at 70-80%. > >I can find no other stock on any market with these kind of growth >characteristics, the huge EPS/margins, and this low a valuation. > >The safety net over the next 6 months is that they just pre-announced >continued strong demand/growth. > > > From a chart standpoint, there is no appealing reason to buy right now >(although it is crossing above its 50 and 20-day moving averages, for what >that's worth). > >Opinions?? > > >Ian > > > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 18 Jan 2001 11:38:52 -0800 From: Tim Fisher Subject: [CANSLIM] Article on RYL http://biz.yahoo.com/mf/010118/double_010118.html FYI: This article is a good summary of the homebuilders industry group. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 18 Jan 2001 13:05:34 -0800 From: "Ian" Subject: [CANSLIM] Fw: Two breakout candidates It appears that SCOT has broken out today on heavy volume. This is the third day in a row of extremely unusual volume. 10-20 times normal. All block buying too. Cheers, Ian PS - I guess 'my opinion' that CANI was fully valued at $25 is why we should just use the charts, and not think :) - ----- Original Message ----- From: Ian To: Sent: Tuesday, December 05, 2000 12:23 PM Subject: Two breakout candidates > SCOT - Scottish Annuity. Was 52 81 A A A last Tuesday - but check the > earnings from the latest Q, and the outlook for a better picture of > earnings. > > There was incredible 100,000 share at a time accumulation here over the last > couple of weeks. Close over $10 1/2 yesterday was the trigger, IMHO. Book is > almost $15. Check the growth rate out too. > > I bought this at around $10. > > > > WTSC - Was 93 83 E A C last Tuesday. A close over $28 1/4 in the coming days > is the breakout, IMHO. Beautiful C&H forming. > > I will buy on a close over $28 1/4. > > > Sorry for the old ratings. I live in Vancouver and cannot get IBD > delivered. > > > Finally, someone asked for an opinion on CANI - I owned a LOT of this in > August for around $11, and sold too soon at $17. I think $25 is fully > valued, and question the r/r here given the nature of their business, and > their client concentration. JMHO - the chart is fabulous. > > > Cheers, > > Ian > - - ------------------------------ Date: Thu, 18 Jan 2001 20:51:24 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] M PERVERSITY I see MDC as a LLUR chart, which recently hit its upper side of the trading range and was vulnerable to profit taking. Add to that the "sell on news" or "sell on news approaching while I have a profit in my day / short term trading account" syndrome, and that would be sufficient answer for me. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Tim Fisher To: Sent: Thursday, January 18, 2001 1:41 PM Subject: Re: [CANSLIM] M PERVERSITY Hoousing permits are down as reported today, so this has nothing to do with MDC, it's the entire sector that's selling off. On 10:02 AM 1/18/01, Charles Layne Said: >Oh the perversity of it all! MDC spouts out great earnings report - exceeds >analysts prophecies - and what happens? It promptly drops 2-3 points. >Meanwhile, INTEL says we ain't going to meet expectations, and up it goes. >What gives? (except I have a position in MDC & not INTEL). > >What's the thought on MDC chart action? > > >Charles Layne Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - - ------------------------------ Date: Thu, 18 Jan 2001 21:05:44 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] A CANSLIM stock Sorry, Ian, I will join with Tim and fault this pick on several grounds. First, RS as of right now is 78 on DGO, that's a fatal flaw esp in this market. Next, chart wise this stock has been in a steady decline since it topped on August 8. Draw a line along the periodic highs, and then the lows, and you will see it is in a steady channel lower with no reversal yet confirmed. Then as Tim mentioned, there is the group rating, now at 53. As to the 50 and 200 dma, I exclusively use DGO, and it shows it trading below both averages even before today's $1.50 drop. On top of that, the 200 dma is practically flat line, and the 50 dma is still declining. From my personal perspective, I want management to have a considerable stake, certainly more than their paycheck and stock options. In this case, management apparently actually owns less than 1%. Add to that funds only own 1% and there is no institutional representation here either. I also note up/down ratio is a slight negative at 0.7. Also from a personal perspective, every day island freighters are leaving the port of Miami with deckloads of vehicles. Some of these are vehicles that have been "totaled" by the insurance company and will be repaired with cheap labor and resold in foreign (Caribbean) countries. Others are undoubtedly stolen, and will be resold as is (some get caught, but enforcement is lousy). So while these ships are not part of a bigger company, they represent just from this one port a substantial competition. And they operate on a shoestring budget. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Ian To: Sent: Thursday, January 18, 2001 2:25 PM Subject: [CANSLIM] A CANSLIM stock Hi all: I have found a very attractive CANSLIM stock: ACLNF C - Last quarters earnings were $0.89 for the q. Up 80% y-o-y. A - 4 years EPS growth: $0.97, $1.44, $1.67, $3.40 (estimated - 1Q left and they're at $2.46 already) N - Their entry into the auto transportation business is less than 1 year old. It is the driver of this incredible recent growth. According to some pre-results announced today, this growth shows no signs of abating: http://biz.yahoo.com/bw/010118/acln_limit.html They also have several new vessels to help propel their growth. S - Only 14,000,000 shares outstanding. A very attractive number, IMO. L - From a competitive standpoint, it appears that they are by themselves. >From a stock relative strength standpoint, they have already doubled in the past year, so I assume it is very high (I don't have access to IBD right now). I - Some big names are recent buyers for their funds (MSDW, ML, Citigroup etc...): M - Who knows how long it will last, but we are definitely in a bull rally right now. I am erring on the side of low-valuation stocks with huge growth. ACLNF is trading for a cash-adjusted forward P/S of about 1, and a forward P/E of around 5-6. They are growing at 70-80%. I can find no other stock on any market with these kind of growth characteristics, the huge EPS/margins, and this low a valuation. The safety net over the next 6 months is that they just pre-announced continued strong demand/growth. >From a chart standpoint, there is no appealing reason to buy right now (although it is crossing above its 50 and 20-day moving averages, for what that's worth). Opinions?? Ian - - - - ------------------------------ Date: Thu, 18 Jan 2001 18:14:54 -0800 From: "Behdad Forghani" Subject: Re: [CANSLIM] M PERVERSITY Hi, Besides, housing permits being down, I believe there is going to be a big sector rotation into technology. Like Motorola that lost its technology leadership, I believe that Intel lost technology leadership to AMD. So, I believe Intel going up has more to do with brand name and the fact that people do not realize that after every crash most of the market leaders change. I don't want to sound arrogant, but, my portfolio is up about 30% since beginning of January. It wasn't a great feat since I had a 14% jump the day Feds cut interest rate. I expect Naz to go up until companies give good earning report. Then sometime near the end of January after earnings have stopped to pull back and then shoot up again. Unless, feds cut interest rates by 50 points which I think is unlikely. If feds do not cut any, I expect a big pullback. My humble prediction is Naz will hit that 4000 sometime this year. Now a days there are value tech stocks. My method has been that I buy companies that beat estimates, give a positive outlook for the next year and do not have excessive insider selling. Preferably the ones that had insider purchases. I put a buy order for FLEX today. Similarly, I did not buy EMLX because the valuation is still very high and they have a lot of insider selling. I liked two things about the market during the last two weeks. The first was we had drops or weak openings and the market recovered closed much higher. Second, A/D, Up/Down Volume and New High/Low ratios have been very good. Although, Naz new highs are still very small. Once Naz recovers a bit, we may be able to use Canslim method to time the market. Right now, I am timing my purchases around earning anouncements. - ----- Original Message ----- From: "Charles Layne" To: Sent: Thursday, January 18, 2001 10:02 AM Subject: [CANSLIM] M PERVERSITY > Oh the perversity of it all! MDC spouts out great earnings report - exceeds > analysts prophecies - and what happens? It promptly drops 2-3 points. > Meanwhile, INTEL says we ain't going to meet expectations, and up it goes. > What gives? (except I have a position in MDC & not INTEL). > > What's the thought on MDC chart action? > > > Charles Layne > > > > - - - ------------------------------ Date: Thu, 18 Jan 2001 21:36:57 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Fw: Two breakout candidates Hi Ian, DGO shows avg daily volume as 97,400 (which of course is increasing some because of the past several days volume). Still, this means the past three days were 4X to 6X ADV rather than 10-20X. Still good, of course. My main fault on this is the EPS 52 stemming from only the latest quarter ("C") showing any positive growth. Using the full year forecast, it seems the analysts expect something like 40 cents in the qtr just ended, which would be triple digit growth. From my perspective, I would rather wait another quarter or two to be sure last quarter's earnings were not a fluke, and let it show a more consistent earnings pattern. It is still a relatively young company in a highly competitive industry. I also would check out its qualifications for "N" (new) to see if it has anything beyond just new highs. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Ian To: Sent: Thursday, January 18, 2001 4:05 PM Subject: [CANSLIM] Fw: Two breakout candidates It appears that SCOT has broken out today on heavy volume. This is the third day in a row of extremely unusual volume. 10-20 times normal. All block buying too. Cheers, Ian PS - I guess 'my opinion' that CANI was fully valued at $25 is why we should just use the charts, and not think :) - ----- Original Message ----- From: Ian To: Sent: Tuesday, December 05, 2000 12:23 PM Subject: Two breakout candidates > SCOT - Scottish Annuity. Was 52 81 A A A last Tuesday - but check the > earnings from the latest Q, and the outlook for a better picture of > earnings. > > There was incredible 100,000 share at a time accumulation here over the last > couple of weeks. Close over $10 1/2 yesterday was the trigger, IMHO. Book is > almost $15. Check the growth rate out too. > > I bought this at around $10. > > > > WTSC - Was 93 83 E A C last Tuesday. A close over $28 1/4 in the coming days > is the breakout, IMHO. Beautiful C&H forming. > > I will buy on a close over $28 1/4. > > > Sorry for the old ratings. I live in Vancouver and cannot get IBD > delivered. > > > Finally, someone asked for an opinion on CANI - I owned a LOT of this in > August for around $11, and sold too soon at $17. I think $25 is fully > valued, and question the r/r here given the nature of their business, and > their client concentration. JMHO - the chart is fabulous. > > > Cheers, > > Ian > - - - - ------------------------------ Date: 18 Jan 2001 18:44:39 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] M PERVERSITY Hey Tom, remember the guy who rolled the dice and bet it all that Asia couldn't possibly go any lower? The next week he said he couldn't afford an internet connection anymore and resigned from the list. At 06:14 PM 1/18/2001 -0800, you wrote: >Hi, > >Besides, housing permits being down, I believe there is going to be a big >sector rotation into technology. Like Motorola that lost its technology >leadership, I believe that Intel lost technology leadership to AMD. So, I >believe Intel going up has more to do with brand name and the fact that >people do not realize that after every crash most of the market leaders >change. I don't want to sound arrogant, but, my portfolio is up about 30% >since beginning of January. It wasn't a great feat since I had a 14% jump >the day Feds cut interest rate. I expect Naz to go up until companies give >good earning report. Then sometime near the end of January after earnings >have stopped to pull back and then shoot up again. Unless, feds cut interest >rates by 50 points which I think is unlikely. If feds do not cut any, I >expect a big pullback. My humble prediction is Naz will hit that 4000 >sometime this year. Now a days there are value tech stocks. My method has >been that I buy companies that beat estimates, give a positive outlook for >the next year and do not have excessive insider selling. Preferably the ones >that had insider purchases. I put a buy order for FLEX today. Similarly, I >did not buy EMLX because the valuation is still very high and they have a >lot of insider selling. > >I liked two things about the market during the last two weeks. The first was >we had drops or weak openings and the market recovered closed much higher. >Second, A/D, Up/Down Volume and New High/Low ratios have been very good. >Although, Naz new highs are still very small. Once Naz recovers a bit, we >may be able to use Canslim method to time the market. Right now, I am timing >my purchases around earning anouncements. > >----- Original Message ----- >From: "Charles Layne" >To: >Sent: Thursday, January 18, 2001 10:02 AM >Subject: [CANSLIM] M PERVERSITY > > > > Oh the perversity of it all! MDC spouts out great earnings report - >exceeds > > analysts prophecies - and what happens? It promptly drops 2-3 points. > > Meanwhile, INTEL says we ain't going to meet expectations, and up it goes. > > What gives? (except I have a position in MDC & not INTEL). > > > > What's the thought on MDC chart action? > > > > > > Charles Layne > > > > > > > > - > > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: 18 Jan 2001 18:59:20 -0800 From: "Tim Fisher" Subject: [CANSLIM] Tech turnaround? BTW, here's the bottom 24 "high Growth" industry groups and their change in GRS over the past month followed by the GRS. I see all the former "leadership" groups in here. If there is to be a rotation into techs, it ain't happened yet. I see none of these with a positive movement. They are on the bottom and are staying on the bottom for the forseeable future (about a month in this M!) Group Week 0 Week -1 Week -2 Week -3 GRS COMP_MEM 6 0 -3 1 19 MED_BIO -14 -36 -24 -34 16 TELE_SERVICE 2 0 4 4 14 ELEC_MEASURE -6 -11 -9 -24 13 ELEC_MCOMP 0 -3 -11 -15 13 RET_DISCOUNT -1 4 4 -6 12 COMP_PERIPH 1 2 0 0 12 ELEC_SEMIEQIUP 4 5 4 0 11 COMPS_DESK 4 3 -2 0 11 COMPS_SECURE -3 -6 -9 -7 10 COMP_NETS 0 -17 -36 -49 10 TELE_EQUIP 2 -2 -2 1 9 TELE_CELLS 2 2 0 0 8 INTNET-ECOMM 1 4 1 1 6 COMP_MINIS 2 0 -4 0 6 RETWHL_COMPUTERS -1 -5 -9 -8 5 RET_ELECT -1 -3 0 -4 5 ELEC_SEMIMFG 1 -1 -3 -5 4 ELEC_LASER 1 1 0 0 4 INTNET-SOFT 0 -4 -3 -5 3 FIB_OPNET 3 INTNET-NTWK -3 -6 -3 0 2 INTNET-ISP 0 0 0 0 2 FIB_OPCOMP 1 Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Thu, 18 Jan 2001 22:28:19 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] M PERVERSITY Behdad, With an RS of 61, this stock isn't even appropriate on a CANSLIM discussion board. Where in HTMMIS or WON interviews or other WON (or even Ryan) material can I find reference to using "My method has been that I buy companies that beat estimates, give a positive outlook for the next year and do not have excessive insider selling. Preferably the ones that had insider purchases. I put a buy order for FLEX today" as any kind of CANSLIM indicators? I realize I diverge from CANSLIM personally to quite an extent, but at least attempt to post on stocks that will meet the fundamental requirements of most of CANSLIM. Help me out here, would you? Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Behdad Forghani To: Sent: Thursday, January 18, 2001 9:14 PM Subject: Re: [CANSLIM] M PERVERSITY Hi, Besides, housing permits being down, I believe there is going to be a big sector rotation into technology. Like Motorola that lost its technology leadership, I believe that Intel lost technology leadership to AMD. So, I believe Intel going up has more to do with brand name and the fact that people do not realize that after every crash most of the market leaders change. I don't want to sound arrogant, but, my portfolio is up about 30% since beginning of January. It wasn't a great feat since I had a 14% jump the day Feds cut interest rate. I expect Naz to go up until companies give good earning report. Then sometime near the end of January after earnings have stopped to pull back and then shoot up again. Unless, feds cut interest rates by 50 points which I think is unlikely. If feds do not cut any, I expect a big pullback. My humble prediction is Naz will hit that 4000 sometime this year. Now a days there are value tech stocks. My method has been that I buy companies that beat estimates, give a positive outlook for the next year and do not have excessive insider selling. Preferably the ones that had insider purchases. I put a buy order for FLEX today. Similarly, I did not buy EMLX because the valuation is still very high and they have a lot of insider selling. I liked two things about the market during the last two weeks. The first was we had drops or weak openings and the market recovered closed much higher. Second, A/D, Up/Down Volume and New High/Low ratios have been very good. Although, Naz new highs are still very small. Once Naz recovers a bit, we may be able to use Canslim method to time the market. Right now, I am timing my purchases around earning anouncements. - ----- Original Message ----- From: "Charles Layne" To: Sent: Thursday, January 18, 2001 10:02 AM Subject: [CANSLIM] M PERVERSITY > Oh the perversity of it all! MDC spouts out great earnings report - exceeds > analysts prophecies - and what happens? It promptly drops 2-3 points. > Meanwhile, INTEL says we ain't going to meet expectations, and up it goes. > What gives? (except I have a position in MDC & not INTEL). > > What's the thought on MDC chart action? > > > Charles Layne > > > > - - - - - ------------------------------ End of canslim-digest V2 #1092 ****************************** 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.