From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1099 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 25 2001 Volume 02 : Number 1099 In this issue: Re: [CANSLIM] HOTT RE: [CANSLIM] Hi CANSLIMers Re: [CANSLIM] Hi CANSLIMers Re: [CANSLIM] Hi CANSLIMers [CANSLIM] BigEasy Investor Screen [CANSLIM] Website touting stock analysis based on guru's books Re: [CANSLIM] Hi CANSLIMers Re: [CANSLIM] Hi CANSLIMers [CANSLIM] Thoughts on KSS? Re: [CANSLIM] Thoughts on KSS? [CANSLIM] Greenspan [CANSLIM] Please Disregard This Email Test Re: [CANSLIM] Greenspan Re: [CANSLIM] Thoughts on KSS? Re: [CANSLIM] Website touting stock analysis based on guru's books RE: [CANSLIM] BigEasy Investor Screen Re: [CANSLIM] Any Such Program to Download? Re: [CANSLIM] Greenspan Re: [CANSLIM] Any Such Program to Download? [CANSLIM] how long till CA kills the market? [CANSLIM] Chapter 13 in HTMMIS, Re: IRA/401K Re: [CANSLIM] Any Such Program to Download? ---------------------------------------------------------------------- Date: Thu, 25 Jan 2001 08:11:27 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] HOTT current base is way, way too high to be part of the cup formation. I see a brief (1 week) handle that tried to form just under 20. Too short to have been buyable unless you were real quick. The current base forming just under 25 needs at least 3-4 more weeks to be considered real. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Fanus To: Sent: Wednesday, January 24, 2001 8:46 PM Subject: [CANSLIM] HOTT Hi I am watching HOTT for the last couple of days now and was wondering what the group's thoughts on it is? It look like it is forming a handle. Can this be considered as a Cup with Handle, or was the correction to steep and too much V-like? IBD ratings look ok, but EPS growth seem to be slowing down a little, but still look good. Any thoughts would be appreciated? Regards - - Fanus _________________________________________________________________ ___ Get free email and a permanent address at http://www.netaddress.com/?N=1 - - - - ------------------------------ Date: Wed, 24 Jan 2001 23:08:38 -0500 From: Surindra Subject: RE: [CANSLIM] Hi CANSLIMers it is indeed very nice to hear from you peter again. i remain fully invested despite all the warnings and canslim guidelines. lost a lot in last six months of y2k... welcome back. please keep posting on this list. regards surindra - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Peter Christiansen Sent: Wednesday, January 24, 2001 10:11 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Hi CANSLIMers I bought ESA on 1/9, and more yesterday. I was promptly stopped out of everything today. This market is a real bxxch. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher Sent: Thursday, January 25, 2001 1:29 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Hi CANSLIMers You are in the same position as myself and I suspect the majority of this list, namely 100% (or nearly so) cash, stung by last year, and debating whether any of these breakouts have a snowball's chance in hell. I too watched ESA yesterday but didn't like the lack of a base; the correct time to buy would have been the day it broke 14 on heavy vol. I'm sitting here watching SPF charge onto new highs after stopping me out twice. Ditto with SHFL. Also SKX "base, we don't need no stinking base!" Sketchers. Never did catch that one. And to boot all the homebuilders mini-corrected and are now mostly within 10% of their highs again (without me, except LEN which somehow failed to stop me out). It's a strange market, I don't even know what to watch right now, so I'm staying out for lack of nerves. Oh yeah and my wife's huge glob of MCD is tanking again due to Mad Cow. Go figure. After being up close to 50% she is now negative; even her options would cost money to cash in! Welcome to the jungle! - - - - ------------------------------ Date: Thu, 25 Jan 2001 08:18:34 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Hi CANSLIMers Peter, Don't blame the market. Buying on 1/9, even at the low of the day, put you already nearly 10% extended over the consolidation base that formed under 14. If you had used an 8% stop from your entry, you would not have been stopped out even on the volatility yesterday (limit would have been about 13.80). Adding to the position would have averaged up your cost basis, and your stop limit, as well. I would say your entry point was too late, and a tight stop from there was too tight, although reasonable given the too high entry. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Peter Christiansen To: Sent: Wednesday, January 24, 2001 10:10 PM Subject: RE: [CANSLIM] Hi CANSLIMers I bought ESA on 1/9, and more yesterday. I was promptly stopped out of everything today. This market is a real bxxch. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher Sent: Thursday, January 25, 2001 1:29 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Hi CANSLIMers You are in the same position as myself and I suspect the majority of this list, namely 100% (or nearly so) cash, stung by last year, and debating whether any of these breakouts have a snowball's chance in hell. I too watched ESA yesterday but didn't like the lack of a base; the correct time to buy would have been the day it broke 14 on heavy vol. I'm sitting here watching SPF charge onto new highs after stopping me out twice. Ditto with SHFL. Also SKX "base, we don't need no stinking base!" Sketchers. Never did catch that one. And to boot all the homebuilders mini-corrected and are now mostly within 10% of their highs again (without me, except LEN which somehow failed to stop me out). It's a strange market, I don't even know what to watch right now, so I'm staying out for lack of nerves. Oh yeah and my wife's huge glob of MCD is tanking again due to Mad Cow. Go figure. After being up close to 50% she is now negative; even her options would cost money to cash in! Welcome to the jungle! - - - - ------------------------------ Date: Thu, 25 Jan 2001 06:37:55 -0800 (PST) From: Kent Norman Subject: Re: [CANSLIM] Hi CANSLIMers Dan I am surprised you are trading simply because you heard one person speculate on a future event. What happened to letting the chart tell you when to sell? Regards Kent - ----- I saw an extremely bullish analyst (Lehman Bros.?) on PBS Nightly Bus. Report last night who said that if it is .25 and not .50, there will be a vicious sell-off. I don't want any part of that and jumped out of the only position I've had in a couple of months, CTXS, purchased last Thursday. I liked the chart with its long base and very gradual rise and the breakout Thursday morning was something I couldn't resist. - --- Dan Musicant wrote: > On Wed, 24 Jan 2001 21:06:52 -0500, you wrote: > > :Unlike most, I remained fully invested in my IRA > (mostly because > :of neglect due lack of time), and fully invested in > my 401 as > :well (unfortunately done the day the Feds cut the > rates, should > :have waited several days). But before that I was > over 90% > :invested in my 401K. My gains in January for my IRA > already made > :up all my losses for 2000, and I am ahead just for > 2001 about > :30+%, so glad I remained fully invested there. In > my 401K, I am > :up just over 3% as of yesterday's close (3 growth > mutual funds), > :and happy about that since I was down over 8% for > the year by > :January 8. So even a small net gain for the year > feels pretty > :good right now. > : > :Ultimately, this has so far been a good time to be > fully > :invested. Next week may prove critical with what > Greenspan tells > :the Senate Budget Committee regarding tax cut > wisdom vs reducing > :the national debt (tomorrow) and the FOMC meeting > on Tue and Wed > :(qtr pt vs half pt cut). > : > :C U > : > :Tom Worley > :stkguru@netside.net > > I'm worried about the 1/2 point versus 1/4 point > scenario next week that > you point out, Tom. Sometimes I have a gut feeling, > but not this time. > Maybe it's because I haven't been paying close > enough attention. I saw > an extremely bullish analyst (Lehman Bros.?) on PBS > Nightly Bus. Report > last night who said that if it is .25 and not .50, > there will be a > vicious sell-off. I don't want any part of that and > jumped out of the > only position I've had in a couple of months, CTXS, > purchased last > Thursday. I liked the chart with its long base and > very gradual rise and > the breakout Thursday morning was something I > couldn't resist. The > brutal selloff some months ago is an ugly omen, but > I thought perhaps > the broad base that followed would propel the stock > upward, especially > after good news and analyst upgrades sparked the > rally late last week. I > bailed this morning before the stock dipped during > the day and am now > glad. Last time I sold CTXS was less than 24 hours > before it jumped from > about 80 to 105 or so on its way to 120-ish numbers > end of 1999!! Well, > in this market, I'm happy enough to get out with a > couple of points. I > certainly don't expect a run like there was at the > end of '99. > > Note, the ^VIX (volatility index) today was around > 25, admittedly less > than the 30ish numbers we were seeing a week or two > ago, but still well > above the 20 or so you've pointed out to be the > range where CANSLIM > stocks do well. > > To all: IBD's Big Picture almost daily is lamenting > the lack of evident > leadership. The only stocks that are behaving like > leaders are in > sectors that historically have not provided > leadership in bull markets. > That's not to say that this rally will fail like all > the others that > we've been seeing 2nd half of 2000. Indeed, this > rally has been very > well behaved for 3 weeks now, as duly pointed out in > the Big Picture the > last couple of days. What makes this one different, > besides the telling > volume versus index action? Only the Fed action, as > far as I can see. > However, a very big change (hope it holds) is that > the market is not > going south every time some bad news crops up. > > PS. I know that CTXS is hardly a CANSLIM stock. RS > around 80 just makes > it, but the EPS is around 60. > Accumulation/Distribution is A now though, > I think. Couldn't resist that chart. > > - Dan > > > > - > __________________________________________________ Do You Yahoo!? Yahoo! Auctions - Buy the things you want at great prices. http://auctions.yahoo.com/ - - ------------------------------ Date: Thu, 25 Jan 2001 06:58:51 -0800 (PST) From: May Ed Subject: [CANSLIM] BigEasy Investor Screen Here's some screens I created for finding CANSLIM candidates using BigEasy Investor charting software (www.bigeasyinvestor.com). If you've never used BigEasy you really should check it out. I've been a TC2000 user for the past year and I'm really thinking of dumping my TC2K data subscription in favor of using BigEasy. It's completely free and I can't find much TC2000 can do that this software can't do--at least for my purposes. Anyway, I hope this doesn't come off as spam, I'm not affliated with BigEasy or anything. Just an introduction to the software for those unfamiliar with it. Here are links to some screens I created with the software that you can import. One is called CANSLIM Base Setups and the other is called CANSLIM Breakouts. Both use the same fundamental criteria to screen (EPS chg last qtr > 25%, profit margin > 5%, ROI > 10%) as well as some minimums for price (> 15), volume (>100K), and RS (>75). The Base Setup picks up stocks within 15% of 52wk high. The Breakout screen picks up stocks at NHs on 150% 1-month volume. Base Setups - http://www.msnusers.com/MoneyCentralSupermodels/msgattachments/1745 Breakouts - http://www.msnusers.com/MoneyCentralSupermodels/msgattachments/1746 These were posted on Jon Markman's SuperModels board, where I sometimes post. You should be able to access them directly from these links. Please let me know what you think and what improvements might be made. Looking forward to your responses. Ed __________________________________________________ Do You Yahoo!? Yahoo! Auctions - Buy the things you want at great prices. http://auctions.yahoo.com/ - - ------------------------------ Date: Thu, 25 Jan 2001 09:34:11 -0600 From: "Wayne Pagot" Subject: [CANSLIM] Website touting stock analysis based on guru's books
www.validea.com provides stock analysis based on several guru's books, including WON's.
Has anyone compared the analysis provided at this website to their own CANSLIM analysis? What do you think of validea.com?

Get your FREE download of MSN Explorer at http://explorer.msn.com

- - ------------------------------ Date: Thu, 25 Jan 2001 16:47:44 +0000 (GMT) From: musicant@pacbell.net (Dan Musicant) Subject: Re: [CANSLIM] Hi CANSLIMers On Thu, 25 Jan 2001 06:37:55 -0800 (PST), you wrote: :Dan : :I am surprised you are trading simply because you :heard one person speculate on a future event. What :happened to letting the chart tell you when to sell? : :Regards :Kent Kent, I wouldn't say I sold strictly on that guys words. He did alert me to the danger of a sell-off if the Fed didn't cut 1/2 percent, and I was already vaguely aware of that. Why did I sell yesterday morning? Well, the runup had seemed to run out of steam. CTXS had been charging ahead, although not with overwhelming strength, on very good volume (about double ADV) for a few days, and it pulled back the day before on slightly less than ADV. When I saw it gain back almost what it had lost the day before in early trading, I felt that my odds were better (at least short term) if I sold the position right then. So far, it's proved to be true. The market has made me look stupid plenty of times and it may this time too, and in short order! Like I said, I lost a lot of money very quickly (winnings) last time I sold CTXS. Dan - - : :I saw an extremely bullish analyst (Lehman Bros.?) on :PBS Nightly Bus. Report last night who said that if it :is .25 and not .50, there will be a vicious sell-off. :I don't want any part of that and jumped out of the :only position I've had in a couple of months, CTXS, :purchased last Thursday. I liked the chart with its :long base and very gradual rise and the breakout :Thursday morning was something I couldn't resist.=20 : :--- Dan Musicant wrote: :> On Wed, 24 Jan 2001 21:06:52 -0500, you wrote: :>=20 :> :Unlike most, I remained fully invested in my IRA :> (mostly because :> :of neglect due lack of time), and fully invested in :> my 401 as :> :well (unfortunately done the day the Feds cut the :> rates, should :> :have waited several days). But before that I was :> over 90% :> :invested in my 401K. My gains in January for my IRA :> already made :> :up all my losses for 2000, and I am ahead just for :> 2001 about :> :30+%, so glad I remained fully invested there. In :> my 401K, I am :> :up just over 3% as of yesterday's close (3 growth :> mutual funds), :> :and happy about that since I was down over 8% for :> the year by :> :January 8. So even a small net gain for the year :> feels pretty :> :good right now. :> : :> :Ultimately, this has so far been a good time to be :> fully :> :invested. Next week may prove critical with what :> Greenspan tells :> :the Senate Budget Committee regarding tax cut :> wisdom vs reducing :> :the national debt (tomorrow) and the FOMC meeting :> on Tue and Wed :> :(qtr pt vs half pt cut). :> : :> :C U :> : :> :Tom Worley :> :stkguru@netside.net :>=20 :> I'm worried about the 1/2 point versus 1/4 point :> scenario next week that :> you point out, Tom. Sometimes I have a gut feeling, :> but not this time. :> Maybe it's because I haven't been paying close :> enough attention. I saw :> an extremely bullish analyst (Lehman Bros.?) on PBS :> Nightly Bus. Report :> last night who said that if it is .25 and not .50, :> there will be a :> vicious sell-off. I don't want any part of that and :> jumped out of the :> only position I've had in a couple of months, CTXS, :> purchased last :> Thursday. I liked the chart with its long base and :> very gradual rise and :> the breakout Thursday morning was something I :> couldn't resist. The :> brutal selloff some months ago is an ugly omen, but :> I thought perhaps :> the broad base that followed would propel the stock :> upward, especially :> after good news and analyst upgrades sparked the :> rally late last week. I :> bailed this morning before the stock dipped during :> the day and am now :> glad. Last time I sold CTXS was less than 24 hours :> before it jumped from :> about 80 to 105 or so on its way to 120-ish numbers :> end of 1999!! Well, :> in this market, I'm happy enough to get out with a :> couple of points. I :> certainly don't expect a run like there was at the :> end of '99.=20 :>=20 :> Note, the ^VIX (volatility index) today was around :> 25, admittedly less :> than the 30ish numbers we were seeing a week or two :> ago, but still well :> above the 20 or so you've pointed out to be the :> range where CANSLIM :> stocks do well. :>=20 :> To all: IBD's Big Picture almost daily is lamenting :> the lack of evident :> leadership. The only stocks that are behaving like :> leaders are in :> sectors that historically have not provided :> leadership in bull markets. :> That's not to say that this rally will fail like all :> the others that :> we've been seeing 2nd half of 2000. Indeed, this :> rally has been very :> well behaved for 3 weeks now, as duly pointed out in :> the Big Picture the :> last couple of days. What makes this one different, :> besides the telling :> volume versus index action? Only the Fed action, as :> far as I can see. :> However, a very big change (hope it holds) is that :> the market is not :> going south every time some bad news crops up. :>=20 :> PS. I know that CTXS is hardly a CANSLIM stock. RS :> around 80 just makes :> it, but the EPS is around 60. :> Accumulation/Distribution is A now though, :> I think. Couldn't resist that chart. :>=20 :> - Dan :>=20 :>=20 :>=20 :> - :>=20 : : :__________________________________________________ :Do You Yahoo!? :Yahoo! Auctions - Buy the things you want at great prices.=20 :http://auctions.yahoo.com/ : :- : - - ------------------------------ Date: Thu, 25 Jan 2001 16:36:23 +0000 (GMT) From: musicant@pacbell.net (Dan Musicant) Subject: Re: [CANSLIM] Hi CANSLIMers On Thu, 25 Jan 2001 07:50:56 -0500, you wrote: :Hi Dan, : :I am already seeing some comments indicating that expectations :are being scaled down to 25 bp, including some yesterday :regarding how the bond mkt is trading. May be too little, too :late to avoid a selloff, but this kind of sentiment changes :quickly. Today's comments will hopefully be clear enough to set :the tone. : :Tom Worley :stkguru@netside.net :ICQ # 5568838 : ::Tom Worley ::stkguru@netside.net Then my feeling wasn't wrong: we cannot depend on a 1/2 point cut. The market today is confirming this and I'm glad to be in cash again. Mr. G could utter a couple of words to change all this, of course... What power. Of course, that guy doesn't own any stocks. - - ------------------------------ Date: Thu, 25 Jan 2001 11:22:25 -0700 From: "Ziggy" Subject: [CANSLIM] Thoughts on KSS? Hi All, KSS is breaking out to a new high on what looks like decent volume. The IBD #'s are 98 91 BAB. I would appreciate comments as to how others read the chart on this one. A B/O from a double bottom that occurred on the 1st trade day of December? A B/O from a cup w/handle that occurred on the 1st trade day of January? or Today's B/O from a cup with a high handle? Thanks, Ziggy - - ------------------------------ Date: Thu, 25 Jan 2001 10:38:42 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Thoughts on KSS? I turned this up from TSC. Seems there is a hot debate over there as to whether KSS can deliver. Personally, it doesn't make my cut for GRS (68). That said, the retail - big discount group made a huge move last week, so this may be a group-driven breakout. Also, it's a high handle, therefore extended, vol is so-so, it isn't a strong breakout (only up 2% now). More Warning Flags on Kohl's By Whitney Tilson Special to TheStreet.com Originally posted at 9:17 AM ET 1/22/01 on RealMoney.com I've been enjoying the thought-provoking debate between Arne Alsin and James Cramer on Kohl's (KSS:NYSE - news), and thought I'd weigh in with some numbers that raise real warning flags for me. Kohl's has been expanding rapidly -- and, I might add, appears to be executing superbly, as same-store sales were up a remarkable 14.8% in December . But I always worry when I see a high-growth company -- especially in the highly competitive, fickle retail industry -- that has negative and declining free cash flow and rapidly rising debt. Here are the numbers that give me pause. Free Cash Flow Kohl's free cash flow (defined as operating cash flow, excluding the tax benefit from exercise of stock options, minus net capital expenditures) was only slightly negative for the 12 months ending in the third quarter of 1998, but worsened significantly over the next two years -- despite a rapid rise in net income -- as the following table shows. The Riskier Financials of Kohl's Category Trailing 12 months ending Q3 98 Trailing 12 months ending Q3 99 Trailing 12 months ending Q3 00 Net income $170,802 $231,628 $314,230 Operating cash flow* $162,584 $185,377 ($196,577) Net cap expend. $222,303 $543,296 $495,474 Free cash flow ($59,719) ($357,919) ($692,051) Source: company reports * Excluding tax benefit from exercise of stock options Negative free cash flow is not unusual for a rapidly growing company, especially in the retail sector, because new stores are costly (e.g., capex rises) and inventory levels increase to stock them, which hurts operating cash flow. As long as the new stores thrive and generate high returns on capital, rapid growth -- even at the expense of current free cash flow -- is a good thing for shareholders. But the negative free cash flow has to be paid for somehow, typically by taking on debt or issuing stock. At modest levels, neither of these things is troubling, but if severely negative free cash flow makes it necessary to issue a great deal of stock, this triggers meaningful dilution for existing shareholders. Or, if the company issues debt, this increases risk should the company encounter difficulties. I can't even begin to count how many retailers have gone out of business by taking on too much debt and then seeing their fortunes decline. Debt While Kohl's has raised some capital by issuing stock ($328.5 million over the past three years), its primary method of financing these free cash flow deficits has been via issuing debt. This graph shows Kohl's net debt (total debt minus cash and short-term investments) since the first quarter of 1997. Over the past six quarters, Kohl's net debt has increased 264%, from $292 million to $1.063 billion. For perspective, that's equal to 3.4 years of Kohl's trailing 12-month net income. Both the magnitude of this debt and its rapid rise are very worrisome. Conclusion I think Kohl's is a very well-run company with bright prospects. But there's a big difference between liking the company and liking the stock. At Friday's closing price of $65.94, Kohl's is trading at 50.3 times analysts' consensus estimated earnings for fiscal 2001 (ending next month) of $1.31 a share. That's pricey any way you look at it. With so many undervalued stocks representing solid companies, it doesn't make any sense, to me at least, to buy a stock that is clearly fully valued -- if not significantly overvalued. I agree with Cramer, however, the Kohl's is a lousy short. As he points out, there's always the chance -- however small -- that Kohl's could turn out to be this decade's version of Wal-Mart (WMT:NYSE - news) in the 1980s or Gap (GPS:NYSE - news) in the early 1990s. In this case, those who are short Kohl's could have their heads handed to them many times over. On 10:22 AM 1/25/01, Ziggy Said: >Hi All, > >KSS is breaking out to a new high on what looks like decent >volume. > >The IBD #'s are 98 91 BAB. > >I would appreciate comments as to how others read the chart >on this one. > >A B/O from a double bottom that occurred on the 1st trade >day of December? >A B/O from a cup w/handle that occurred on the 1st trade >day of January? >or >Today's B/O from a cup with a high handle? > >Thanks, >Ziggy > > >- 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, 25 Jan 2001 11:58:21 -0800 (PST) From: Dave Cameron Subject: [CANSLIM] Greenspan Yes, Greenspan has a lot of power. To me, it is evident that we won't get a .50% rate cut; but we probably will get a 0.25% one. He's jawboning a bit in agreeing with Bush that a tax cut would be more beneficial. __________________________________________________ Do You Yahoo!? Yahoo! Auctions - Buy the things you want at great prices. http://auctions.yahoo.com/ - - ------------------------------ Date: Thu, 25 Jan 2001 14:20:50 -0600 From: "BW Smith" Subject: [CANSLIM] Please Disregard This Email Test This is an email test. Bill - - ------------------------------ Date: Thu, 25 Jan 2001 12:26:36 -0800 (PST) From: Kent Norman Subject: Re: [CANSLIM] Greenspan Last week a lot of "experts" were saying a tax cut would be too slow. Kent - --- Dave Cameron wrote: > Yes, Greenspan has a lot of power. To me, it is > evident > that we won't get a .50% rate cut; but we probably > will get > a 0.25% one. He's jawboning a bit in agreeing with > Bush > that a tax cut would be more beneficial. > > > > __________________________________________________ > Do You Yahoo!? > Yahoo! Auctions - Buy the things you want at great > prices. > http://auctions.yahoo.com/ > > - > __________________________________________________ Do You Yahoo!? Yahoo! Auctions - Buy the things you want at great prices. http://auctions.yahoo.com/ - - ------------------------------ Date: Thu, 25 Jan 2001 13:58:32 -0700 From: "Patrick Wahl" Subject: Re: [CANSLIM] Thoughts on KSS? On 25 Jan 01, at 11:22, Ziggy wrote: > A B/O from a double bottom that occurred on the 1st trade > day of December? > A B/O from a cup w/handle that occurred on the 1st trade > day of January? > or > Today's B/O from a cup with a high handle? Closest to number two - looks like it gapped out (broke out) of a cup-like pattern, whatever you want to call it, it was a sideways basing action that had gone on for nearly 7 months. Then it consolidated at the newer price level, I suppose you could have bought in there. - - ------------------------------ Date: Thu, 25 Jan 2001 15:05:50 -0600 From: "BW Smith" Subject: Re: [CANSLIM] Website touting stock analysis based on guru's books Yes, I use the Validea.com stock analysis based on WON's books. Actually, at the present I am sitting on the sidelines paper trading until M becomes more favorable to using the CAMSLIM method discussed within this forum. Anyway, much of WON's criteria is utilized to select the few stocks that show up on the Validea.com O'Neil Guru List. Interestingly, a few of those selected stocks are found on Tim's DGO list, or they are stocks mentioned by other folks on this forum. However, the stocks on the O'Neal Guru List usually do not meet the expected chart patterns nor volume changes recommended by WON. Some charts are much too choppy or they lack a sufficient base prior to breaking out. Many of the selected stocks have LLUR stock patterns, but that is not bad in itself. Anyway, the Validea.com O'Neal list is another good source to check to possibly further evaluate and add a few stocks to your personal watch list. All in all I place more confidence in the ideas, discussions, and suggested picks that come from this CAMSLIM forum. On the current O'Neil Guru List at Validea.com are AC, APOL, BRN, CANI, CHBS, GBCB, GIII, JNY, KRB, LEN, MHI, PSS, TBL, and USPH. Bill Smith - ----- Original Message ----- From: Wayne Pagot To: Sent: Thursday, January 25, 2001 9:34 AM Subject: [CANSLIM] Website touting stock analysis based on guru's books > www.validea.com provides stock analysis based on several guru's books, including WON's. > Has anyone compared the analysis provided at this website to their own CANSLIM analysis? What do you think of validea.com? > > > -------------------------------------------------------------------------- - ------ > Get your FREE download of MSN Explorer at http://explorer.msn.com > > > - > - - ------------------------------ Date: Thu, 25 Jan 2001 17:12:18 -0500 From: Rakesh Sanghvi Subject: RE: [CANSLIM] BigEasy Investor Screen Ed, I have downloaded the application, now ... How do I run it? Rakesh - -----Original Message----- From: May Ed [mailto:ed_m_may@yahoo.com] Sent: Thursday, January 25, 2001 9:59 AM To: canslim@lists.xmission.com Subject: [CANSLIM] BigEasy Investor Screen Here's some screens I created for finding CANSLIM candidates using BigEasy Investor charting software (www.bigeasyinvestor.com). If you've never used BigEasy you really should check it out. I've been a TC2000 user for the past year and I'm really thinking of dumping my TC2K data subscription in favor of using BigEasy. It's completely free and I can't find much TC2000 can do that this software can't do--at least for my purposes. Anyway, I hope this doesn't come off as spam, I'm not affliated with BigEasy or anything. Just an introduction to the software for those unfamiliar with it. Here are links to some screens I created with the software that you can import. One is called CANSLIM Base Setups and the other is called CANSLIM Breakouts. Both use the same fundamental criteria to screen (EPS chg last qtr > 25%, profit margin > 5%, ROI > 10%) as well as some minimums for price (> 15), volume (>100K), and RS (>75). The Base Setup picks up stocks within 15% of 52wk high. The Breakout screen picks up stocks at NHs on 150% 1-month volume. Base Setups - http://www.msnusers.com/MoneyCentralSupermodels/msgattachments/1745 Breakouts - http://www.msnusers.com/MoneyCentralSupermodels/msgattachments/1746 These were posted on Jon Markman's SuperModels board, where I sometimes post. You should be able to access them directly from these links. Please let me know what you think and what improvements might be made. Looking forward to your responses. Ed __________________________________________________ Do You Yahoo!? Yahoo! Auctions - Buy the things you want at great prices. http://auctions.yahoo.com/ - - - - ------------------------------ Date: Thu, 25 Jan 2001 17:07:13 -0600 From: "BW Smith" Subject: Re: [CANSLIM] Any Such Program to Download? Got a question. Has anyone found a data screening download with the ability to recognize a Cup-With-Handle or other patterns mentioned by WON? It appears that some of those patterns are sometimes a bit difficult to be recognized by some of us on this forum. There is one site that discusses such a program. I have neither the background nor any idea how to write such a program. Anyway, for those who may be interested in reading about such a computerized program have a look at http://mahalo.net/~haikulab/mh.htm. At least that discussion may be helpful to some of us by its explanation of Cup-With-Handle. PS, sorry about misspelling CANSLIM on my prior post. Immediately added the correct spelling to my spell checker. LOL. do not wish for anyone to think there is a new O'Neil method to follow. Although Market Direction may be double important to consider at the present, we cannot forget about New Products, New Management, or New Price Highs! Bill Smith - - ------------------------------ Date: Thu, 25 Jan 2001 13:05:08 -0800 From: Bill Weliky Subject: Re: [CANSLIM] Greenspan I didn't get that from his testimony. Briefing.com reported that Greenie said "Q1 growth will be close to zero and that there has been a dramatic economic slowdown"; this is a mixed bag for investors as it reaffirms the seriousness of the downturn, but it does argue for a 50bp rate cut next week. Additionally, Fed Funds Futures jumped back up to over 80% chance of 50bp cut during his speech. The equity mkt has priced in the 50bp and is selling off on profit taking (Look at the charts of the big caps from Jan 3) and the optical sector confirmation of the telecom and capex slowdown. Do not discount the CA ute and national power grid crisis and the bad loans involved nationwide. Greenie isn't. Everything else I have seen or heard lately has said that the mkt's will be in big trouble if the Fed only goes 25bp as it will send a new message to the mkt that the Fed is still behind the curve. Bill - ----- Original Message ----- From: "Dave Cameron" To: Sent: Thursday, January 25, 2001 11:58 AM Subject: [CANSLIM] Greenspan > Yes, Greenspan has a lot of power. To me, it is evident > that we won't get a .50% rate cut; but we probably will get > a 0.25% one. He's jawboning a bit in agreeing with Bush > that a tax cut would be more beneficial. > > > > __________________________________________________ > Do You Yahoo!? > Yahoo! Auctions - Buy the things you want at great prices. > http://auctions.yahoo.com/ > > - - - ------------------------------ Date: Thu, 25 Jan 2001 16:32:32 -0800 (PST) From: Kent Norman Subject: Re: [CANSLIM] Any Such Program to Download? Very interesting reading. It confirms some of the difficulties I have been experiencing. I just about have to monitor the prices all day long to catch the fleeting window of opportunity. Perhaps some day I will have that luxury. It looks like we need one program to screen the end of day data for prospects and another to monitor candidates during the day for breakout. With an 5% - 10% window, the price could zoom out of range in a fe minutes! This feels too much like day trading. Kent - --- BW Smith wrote: > Got a question. Has anyone found a data screening > download with the ability > to recognize a Cup-With-Handle or other patterns > mentioned by WON? It > appears that some of those patterns are sometimes a > bit difficult to be > recognized by some of us on this forum. > > There is one site that discusses such a program. I > have neither the > background nor any idea how to write such a program. > Anyway, for those who > may be interested in reading about such a > computerized program have a look > at http://mahalo.net/~haikulab/mh.htm. At least > that discussion may be > helpful to some of us by its explanation of > Cup-With-Handle. > > PS, sorry about misspelling CANSLIM on my prior > post. Immediately added the > correct spelling to my spell checker. LOL. do not > wish for anyone to think > there is a new O'Neil method to follow. Although > Market Direction may be > double important to consider at the present, we > cannot forget about New > Products, New Management, or New Price Highs! > > Bill Smith > > > - > ===== Nobody cares about your money as much as you do. __________________________________________________ Do You Yahoo!? Yahoo! Auctions - Buy the things you want at great prices. http://auctions.yahoo.com/ - - ------------------------------ Date: Thu, 25 Jan 2001 16:37:56 -0800 (PST) From: Kent Norman Subject: [CANSLIM] how long till CA kills the market? What does the group think about how long till the CA power problems ripple into corporate earnings and kill the stock market? I have heard the CA economy is about 25% of the US economy. Seems a bit too high to me, does anyone have better numbers? Thanks Kent __________________________________________________ Do You Yahoo!? Yahoo! Auctions - Buy the things you want at great prices. http://auctions.yahoo.com/ - - ------------------------------ Date: Thu, 25 Jan 2001 20:05:39 -0800 From: han.26@osu.edu Subject: [CANSLIM] Chapter 13 in HTMMIS, Re: IRA/401K Hey Tom, In contrast to stock investing, doesn't WON suggest a buy-and-hold strategy for all mutual fund investing [15 years as an ideal minimum hold time or at least 5 years]? Instead of selling during bears, WON suggests even borrowing money to add to mutual funds when they're down. Personally, I hope to not touch my (Roth IRA) mutual funds until close to retirement time (except to rebalance). - -Jim P.S. For any scoring at home, I'm still 100% cash [except for mutuals]--partially because I still think we're not out of the woods Market-wise, and mostly because I am just starting a new job and don't have enough investable cash. - - ------------------------------ Date: Thu, 25 Jan 2001 17:29:34 -0800 (PST) From: rolatzi Subject: Re: [CANSLIM] Any Such Program to Download? As for a program to scan cup and handle patterns, Quotes Plus (qp2.com) has some success at identifying them. It can also pull out stocks satisfying pretty much any criteria you want. With regard to notifications during the day, I use medved's quote tracker (quotetracker.com) a free program that runs in the background of your computer and will give you notification either on your computer or send you an e-mail. hope this helps, rolatzi - --- Kent Norman wrote: > Very interesting reading. It confirms some of the > difficulties I have been experiencing. I just about > have to monitor the prices all day long to catch the > fleeting window of opportunity. Perhaps some day I > will have that luxury. > > It looks like we need one program to screen the end of > day data for prospects and another to monitor > candidates during the day for breakout. With an 5% - > 10% window, the price could zoom out of range in a fe > minutes! > > This feels too much like day trading. > > Kent > > --- BW Smith wrote: > > Got a question. Has anyone found a data screening > > download with the ability > > to recognize a Cup-With-Handle or other patterns > > mentioned by WON? It > > appears that some of those patterns are sometimes a > > bit difficult to be > > recognized by some of us on this forum. > > > > There is one site that discusses such a program. I > > have neither the > > background nor any idea how to write such a program. > > Anyway, for those who > > may be interested in reading about such a > > computerized program have a look > > at http://mahalo.net/~haikulab/mh.htm. At least > > that discussion may be > > helpful to some of us by its explanation of > > Cup-With-Handle. > > > > PS, sorry about misspelling CANSLIM on my prior > > post. Immediately added the > > correct spelling to my spell checker. LOL. do not > > wish for anyone to think > > there is a new O'Neil method to follow. Although > > Market Direction may be > > double important to consider at the present, we > > cannot forget about New > > Products, New Management, or New Price Highs! > > > > Bill Smith > > > > > > - > > > > > ===== > Nobody cares about your money as much as you do. > > __________________________________________________ > Do You Yahoo!? > Yahoo! Auctions - Buy the things you want at great > prices. > http://auctions.yahoo.com/ > > - > __________________________________________________ Do You Yahoo!? Yahoo! Auctions - Buy the things you want at great prices. http://auctions.yahoo.com/ - - ------------------------------ End of canslim-digest V2 #1099 ****************************** 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.