From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1157 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 Friday, February 23 2001 Volume 02 : Number 1157 In this issue: Re: [CANSLIM] OFF TOPIC(Percentages) RE: [CANSLIM] More Spam lately??? RE: [CANSLIM]Seminar Re: [CANSLIM] Stops Re: [CANSLIM] Off topic - AOL question [CANSLIM] Weekend digest [CANSLIM] Down the road again with SKX (Sketchers) Re: [CANSLIM] Weekend digest RE: [CANSLIM] Reasons not to buy (PLT) Re: [CANSLIM] Weekend digest Re: [CANSLIM] Weekend digest Re: [CANSLIM] Weekend digest Re: [CANSLIM] Off topic - AOL question Re: [CANSLIM] Weekend digest Re: [CANSLIM] Down the road again with SKX (Sketchers) Re: [CANSLIM] Weekend digest ---------------------------------------------------------------------- Date: Fri, 23 Feb 2001 15:32:34 -0600 From: "walter nusbaum" Subject: Re: [CANSLIM] OFF TOPIC(Percentages) Rick, Thanks for the reminder. For those who may wish to compute their own various numbers: % loss/(1 - % loss) = % required to recover previous loss. Best wishes, Walt - ----- Original Message ----- From: "Rick Parsons" To: Sent: Friday, February 23, 2001 9:53 AM Subject: [CANSLIM] Percentages > With the Naz down about 57%... > > It is an eye opener to see how the numbers work. If we are down 50%, we > need 100% to get back. > However, if we go down just 5% more to 55%, then we need 122% to get back. > At 60% down, we need 150% to get back. > At 65% down, we need 185% to get back. > At 70% down, we need 233% to get back. > At 80% down, we need 400% to get back. > > However at 10% down, we only need 11% gain to get back. > > Moral: Cut your losses. > > Rick - - ------------------------------ Date: Fri, 23 Feb 2001 13:40:45 -0800 From: Tim Fisher Subject: RE: [CANSLIM] More Spam lately??? What is this supposed to be, an example of more SPAM? Was someone asking for more? I certainly wasn't! Take it somewhere else. On 01:30 PM 2/23/01, can slim Said: >-----Original Message----- >From: events@canslim.net [mailto:events@canslim.net] >Sent: Friday, February 23, 2001 2:29 PM >Subject: Free Seminar > > >Dear canslim, > >There will be a FREE all day seminar conference this Saturday, February >24th from 9:00 AM to 5:00 PM Oasis Lakes Resort in sunny Orlando, Florida. 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, 23 Feb 2001 16:40:21 -0500 From: "Rick Parsons" Subject: RE: [CANSLIM]Seminar Can we get just a little bit more notice??? Rick - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of can slim Sent: Friday, February 23, 2001 4:31 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] More Spam lately??? - -----Original Message----- From: events@canslim.net [mailto:events@canslim.net] Sent: Friday, February 23, 2001 2:29 PM Subject: Free Seminar Dear canslim, There will be a FREE all day seminar conference this Saturday, February 24th from 9:00 AM to 5:00 PM Oasis Lakes Resort in sunny Orlando, Florida. Featuring 4 Speakers Speaker #1 Ken Gruneisen of Canslim.net Ken uses a combination of both fundamental and technical analysis to pinpoint opportunities. He founded www.CANSLIM.net in 1997, and has been widely recognized as an advocate of the CANSLIM stock selection strategy. Ken will cover: What is CANSLIM? - Basic Overview Earnings Importance - (Fundamental Analysis) a. look for strong percentage increases and high EPS ratings b. strong quarterly AND annual earnings growth c. understanding P/E ratios and valuations Chart Reading Tutorial - (Technical Analysis) a. trend lines (short and long term), volume, and Relative Strength b. moving averages (50, 200, MACD) c. gaps (up and down) d. bullish patterns (flat base, cup w/ handle, reverse head and shoulders)and bearish patterns (head and shoulders tops, failed breakouts, supporting trendline violations) Also, Tips on How Ken uses the Investor's Business Daily newspaper along with additional resources including: - CANSIM.net - Explanation of the web site and how to use the ProTools - InterQuote - How to monitor the CANSLIM.net Leaders List in Real-time - Daily Graphs - The recommended source for Charts and Data from IBD Register at http://www.canslim.net/freeseminarreg.htm or call 1-800-965-8307 ______________________________________________ Speaker #2 Leo Fasciocco Publisher of TickerTapeDigest.com Former stock market columnist at Investor's Business Daily from 1984 to 1998 during which time he was called the "Dean of Stock Market Columnists." The Professional's Ways And Secrets To Making Money In Leading Stocks - - Identifying the leading stocks. - - Finding winning Technical Patterns - - Spotting Leaders under Big Accumulation - with tick volume. - - Knowing the real secret to earnings - acceleration and surprises. - - Strategy for buying and selling. Stop Strategies. - - Q&A .... about your stocks. ______________________________________________________ Speaker #3 - Tom Busby DaytradingSchool.com A professional securities trader, broker and registered investment advisor for more than 20 years. Tom Busby will address how to use the S&P 500 futures to trade individual stocks. Tom Busby held an Investment Seminar in Mobile last weekend and here is a quote from one of the attendees. "Unbelievable Tom, your investment recommendation of buying Pacific, Gas and Electric (PCG) last weekend at $12 has proven profitable. The stock has already appreciated 25%. I look forward to taking your class. The S&P futures really can improve my ability to trade equities." _________________________________________________ Speaker #4 - David Elliott WallStreetTeachers.com Intraday Trading Strategies Using The New Real Time version of TC2000 David Elliott has a new presentation he will be doing on how he is using the new streaming real time version of TC2000 that was recently released to trade, using specific methodologies appropriate for this environment. ____________________________________________________ Register at http://www.canslim.net/freeseminarreg.htm or call 1-800-965-8307 Please note speakers may not present in the order listed here. We look forward to your visit to http://premium.canslim.net Sincerely, The CANSLIM.net Staff >From: Pritish Shah >Reply-To: canslim@lists.xmission.com >To: >Subject: RE: [CANSLIM] More Spam lately??? >Date: Thu, 22 Feb 2001 10:15:51 -0600 (CST) > > >There is also another way. > >Set your "from" address to something different that has to be modified >manually to reply back to you. > _________________________________________________________________ Get your FREE download of MSN Explorer at http://explorer.msn.com - - - - ------------------------------ Date: Fri, 23 Feb 2001 16:12:54 -0600 From: "walter nusbaum" Subject: Re: [CANSLIM] Stops - ----- Original Message ----- From: "John" To: Sent: Friday, February 23, 2001 12:40 PM Subject: RE: [CANSLIM] Stops > I will readily admit that I am not a CANSLM purist. I > have read most of Won's books, but I find his advice > vague. > > I would be interested to hear if anyone here is > actively trading stocks, following Won's advice as > literally as possible, and making money. > > My belief is that most people that make money, mix > Won's advice with a lot of other ideas. I find it > particularly difficult to believe that anyone is using > cups and handles to buy stocks -- a fairly short-term > tactic, and then using a change in IBD fundamentals as > a signal to sell -- a very slow moving indicator. > IBDs Relative Strength in particular, falls a long > time after the stock price falls. John, Actually, there are two Relative Strength numbers; the one that you are probably referring to and the Relative Strength *Line*, which can change rapidly and is included on most charts in IBD. The RS Line is derived by dividing a stock's price by the close of the S&P Index. You can do this yourself on a daily basis and the line is often a very good, early indicator of a stock's next major move. If the RS Line doesn't precede or confirm a stock's actual movement, trouble could be brewing. If a stock is making higher highs and higher lows or even moving sideways, but the RS Line fails to follow the pattern, watch out! Best wishes, Walt > So, my personal preference is to mix ideas > > John > > Rick Parsons (Snip) - - ------------------------------ Date: Fri, 23 Feb 2001 14:45:56 -0800 From: "Mike Lucero" Subject: Re: [CANSLIM] Off topic - AOL question This is a multi-part message in MIME format. - ------=_NextPart_000_0010_01C09DA7.545AA5E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I've done two things to insulate myself from changing ISP's. The first = was to use as remailer. At iname.com or mail.com you can choose an email = address that will forward to your real mailbox. Or you can read your = mail at that site using a web browser. The second thing is, if you want to use Outlook Express (for example) = then get a mailbox from hotmail.com or another provider (I chose = mailandnews.com) that's compatible with it and won't go away if you = change ISP's. Most mailboxes you get with your ISP account won't allow = you to send mail through them unless you dialed in. This is a real = annoyance if you travel much.=20 I think you can use hotmail.com and Outlook Express if you dial in = through AOL, so you could do that now, notify your friends of your new = address, and be ready to change ISP's. Mike ----- Original Message -----=20 From: SKutney@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 23, 2001 4:06 AM Subject: Re: [CANSLIM] Off topic - AOL question When using 6.0 you can press the "button" on the bottom of your e-mail = screen=20 on AOL to save your e-mail to a folder. I don't think that's exactly = what has=20 been described on how to save e-mail on various other posts.=20 As an AOL user I really doubt that AOL will forward e-mail. Why should = they?=20 If you switch from AOL they just lost a customer.=20 Steve Kutney =20 - ------=_NextPart_000_0010_01C09DA7.545AA5E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I've done two things to insulate myself = from=20 changing ISP's. The first was to use as remailer. At iname.com or = mail.com you=20 can choose an email address that will forward to your real mailbox. Or = you can=20 read your mail at that site using a web browser.
 
The second thing is, if you want to use = Outlook=20 Express (for example) then get a mailbox from hotmail.com or another = provider (I=20 chose mailandnews.com) that's compatible with it and won't go = away if you=20 change ISP's. Most mailboxes you get with your ISP account won't allow = you to=20 send mail through them unless you dialed in. This is a real annoyance if = you=20 travel much.
 
I think you can use hotmail.com and = Outlook Express=20 if you dial in through AOL, so you could do that now, notify your = friends of=20 your new address, and be ready to change ISP's.
 
Mike
----- Original Message -----
From:=20 SKutney@aol.com=20
Sent: Friday, February 23, 2001 = 4:06=20 AM
Subject: Re: [CANSLIM] Off = topic - AOL=20 question

When using = 6.0 you can=20 press the "button" on the bottom of your e-mail screen
on AOL to = save your=20 e-mail to a folder. I don't think that's exactly what has
been = described=20 on how to save e-mail on various other posts.

As an AOL user I = really=20 doubt that AOL will forward e-mail. Why should they?
If you switch = from=20 AOL they just lost a customer.

Steve Kutney =   =20 - ------=_NextPart_000_0010_01C09DA7.545AA5E0-- - - ------------------------------ Date: Fri, 23 Feb 2001 19:45:40 EST From: Vanchee1@aol.com Subject: [CANSLIM] Weekend digest - --part1_41.7cc9363.27c85e34_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit For anyone who is interested in participating, I would like to offer to the group that every Friday we share our thoughts on the overall market, stocks on our watch list, and our current positions and % cash. This would allow us all to view different ideas and pass on what we all consider the best of the best stocks. Easy and simplified so it doesn't take more than a few minutes of our time. So heres my feelings: I am currently 110% invest long (10% in margin) as I feel this market is very much oversold. I have been doing well so far this year, since I dropped all my tech stocks. I make 2 to 4 trades per week in this sick market. My current positions are ACLNF, KDE, EASI, SPCH, RCII, ASWH. Not much on my watch list right now except for MGRC will see if there is any action here after earnings come out on the 28th. DYII is another one but it would need to come down a bit to around 17 or 18 before it would interest me. Have fun all, Chris. - --part1_41.7cc9363.27c85e34_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit For anyone who is interested in participating, I would like to offer to the
group that every Friday we share our thoughts on the overall market, stocks
on our watch list, and our current positions and % cash. This would allow us
all to view different ideas and pass on what we all consider the best of the
best stocks. Easy and simplified so it doesn't take more than a few minutes
of our time. So heres my feelings:

I am currently 110% invest long (10% in margin) as I feel this market is very
much oversold. I have been doing well so far this year, since I dropped all
my tech stocks. I make 2 to 4 trades per week in this sick market. My current
positions are ACLNF, KDE, EASI, SPCH, RCII, ASWH.  Not much on my watch list
right now except for MGRC will see if there is any action here after earnings
come out on the 28th. DYII is another one but it would need to come down a
bit to around 17 or 18 before it would interest me.

Have fun all, Chris. - --part1_41.7cc9363.27c85e34_boundary-- - - ------------------------------ Date: Fri, 23 Feb 2001 18:46:58 -0600 From: "Michael Doroshenko" Subject: [CANSLIM] Down the road again with SKX (Sketchers) Hi Group: Here we are with Skecher's again. I revisited the stock and took a 100 share position in the stock when I noticed a support on the issue. I bought in at 23.66. It is now up to 30.50. What is the appropriate action I should take on this stock? I could let my trailing stops take me out. But what is the consensus on the trailing stop? Should I have a tight trailing stop at 8% below the price today of 30.50? Or should I loosen the trailing stop to what has been recommended in the past of a trailing stop of 15%? It has also been discussed about taking partial positions in the issue. What if I sell 50 shares and take the profit and let the other 50 shares ride out over the future period? I am not inclined to sell partial positions because it is an odd lot and I would like to stay in with my full positions until I notice price failure on the stock. I am asking these questions because I have only been in the market since January. I am also limited on buying/selling small amounts of shares because of the amount of money in my brokerage account. Best regards Michael Doroshenko - - ------------------------------ Date: Fri, 23 Feb 2001 17:09:19 -0800 From: "Bill Triffet" Subject: Re: [CANSLIM] Weekend digest This is a multi-part message in MIME format. - ------=_NextPart_000_00E3_01C09DBB.5BF98BE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Chris, You have truly re-wrote the canslim book. 110% ???? 10% Margin??? I have = seen too many even non-techs break down. I have one small holding left = of IGT. I'm basically in cash now.=20 For me, oversold means the market looks to turn around. I do not see = that right now. Your mileage may vary. - -Bill Triffet ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@xmission.com=20 Sent: Friday, February 23, 2001 4:45 PM Subject: [CANSLIM] Weekend digest For anyone who is interested in participating, I would like to offer = to the=20 group that every Friday we share our thoughts on the overall market, = stocks=20 on our watch list, and our current positions and % cash. This would = allow us=20 all to view different ideas and pass on what we all consider the best = of the=20 best stocks. Easy and simplified so it doesn't take more than a few = minutes=20 of our time. So heres my feelings:=20 I am currently 110% invest long (10% in margin) as I feel this market = is very=20 much oversold. I have been doing well so far this year, since I = dropped all=20 my tech stocks. I make 2 to 4 trades per week in this sick market. My = current=20 positions are ACLNF, KDE, EASI, SPCH, RCII, ASWH. Not much on my = watch list=20 right now except for MGRC will see if there is any action here after = earnings=20 come out on the 28th. DYII is another one but it would need to come = down a=20 bit to around 17 or 18 before it would interest me.=20 Have fun all, Chris.=20 - ------=_NextPart_000_00E3_01C09DBB.5BF98BE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Chris,
You have truly re-wrote the canslim = book. 110% ????=20 10% Margin??? I have seen too many even non-techs break down. = I have one small holding left of IGT. I'm = basically in cash=20 now.
 
For me, oversold means the market looks = to turn=20 around. I do not see that right now. Your mileage may vary.
 
 
-Bill Triffet
----- Original Message -----
From:=20 Vanchee1@aol.com=20
Sent: Friday, February 23, 2001 = 4:45=20 PM
Subject: [CANSLIM] Weekend = digest

For anyone = who is=20 interested in participating, I would like to offer to the
group = that every=20 Friday we share our thoughts on the overall market, stocks
on our = watch=20 list, and our current positions and % cash. This would allow us =
all to=20 view different ideas and pass on what we all consider the best of the =
best=20 stocks. Easy and simplified so it doesn't take more than a few minutes =
of=20 our time. So heres my feelings:

I am currently 110% invest = long (10%=20 in margin) as I feel this market is very
much oversold. I have = been doing=20 well so far this year, since I dropped all
my tech stocks. I make = 2 to 4=20 trades per week in this sick market. My current
positions are = ACLNF, KDE,=20 EASI, SPCH, RCII, ASWH.  Not much on my watch list
right now = except=20 for MGRC will see if there is any action here after earnings
come = out on=20 the 28th. DYII is another one but it would need to come down a
bit = to=20 around 17 or 18 before it would interest me.

Have fun all,=20 Chris. - ------=_NextPart_000_00E3_01C09DBB.5BF98BE0-- - - ------------------------------ Date: Fri, 23 Feb 2001 20:27:20 -0500 From: "Hugh Fader" Subject: RE: [CANSLIM] Reasons not to buy (PLT) PLT's group strength is poor and this might have kept you away. It had a poorly formed handle in early January. Assuming you bought at 51.5 on the 1/17 breakout from this handle and you follow the 8% stop loss rule, you would have been stopped out on 2/7 at around 47. If you set your stop at the bottom of the handle 41.94 as some do, you would have been in real trouble as the stock gapped down through this point. - - Hugh - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Erik Harris Sent: Thursday, February 22, 2001 8:37 PM To: Canslim Group Subject: [CANSLIM] Reasons not to buy (PLT) Wanted to throw this out for discussion. When I see a decent Canslim stock (fundamentally) get "annihilated" like Plantronics (PLT) did last week, I try to determine what would have kept me out of the stock. In addition, I had been watching this stock for two weeks prior and was very happy that I had been busy with work (hope none of you were overweighted in this one). Anyway, I would be interested in hearing comments. In this case, an earnings warning was the culprit so the O'Neil caution about purchasing before earnings is now written in my mind. But what if you're in the stock? I suppose this stock is a good case for hard stops. Erik - - - - ------------------------------ Date: Fri, 23 Feb 2001 21:24:36 EST From: Vanchee1@aol.com Subject: Re: [CANSLIM] Weekend digest - --part1_dd.10a2402e.27c87564_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Bill, even in a down market like we are in now there are still many stocks making new highs, just not as many. So I try to move my funds to these select few, which should do even better when the market turns positive. It works for me as I am up 27% so far this year. The time to buy stocks could not be any better than now as we have seen one of the biggest corrections in many years, and may not have this opportunity for many years to come. As the saying goes the best time to buy is when everyone else is selling. Chris. - --part1_dd.10a2402e.27c87564_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Bill, even in a down market like we are in now there are still many stocks
making new highs, just not as many. So I try to move my funds to these select
few, which should do even better when the market turns positive.  It works
for me as I am up 27% so far this year. The time to buy stocks could not be
any better than now as we have seen one of the biggest corrections in many
years, and may not have this opportunity for many years to come.  As the
saying goes the best time to buy is when everyone else is selling.

Chris. - --part1_dd.10a2402e.27c87564_boundary-- - - ------------------------------ Date: Fri, 23 Feb 2001 21:31:01 EST From: Vanchee1@aol.com Subject: Re: [CANSLIM] Weekend digest - --part1_3b.10d6fce5.27c876e5_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Bill, one more thing, I could certainly see why you still own igt, one nice run, next time you get ready to buy a stock post it, for the rest to evaluate. Could always use a few good winners like that one. Chris. - --part1_3b.10d6fce5.27c876e5_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Bill, one more thing, I could certainly see why you still own igt, one nice
run, next time you get ready to buy a stock post it, for the rest to
evaluate. Could always use a few good winners like that one.

Chris. - --part1_3b.10d6fce5.27c876e5_boundary-- - - ------------------------------ Date: Fri, 23 Feb 2001 19:41:37 -0700 From: esetser Subject: Re: [CANSLIM] Weekend digest I do not agree that this is a CANSLIM approach. I'm happy you are doing well, but I'm having the worst run of my CANSLIM experience the last couple of months. I think most on the list would agree this isn't the kind of M to be buying in. WON says that in a bad market, 3 of 4 stocks will go down, and it's not worth risking your capital with those kind of odds. Additionally, your selections and buy timing seem to stray significantly from CANSLIM, so it may be you are doing well right now because of the differences. Personally, I was stopped out of CHCS today, and then it went up 13% after that! I'm not real pleased now, but I'm down to 1 position (about 14% invested.) At 09:24 PM 2/23/01 EST, you wrote: >Bill, even in a down market like we are in now there are still many stocks >making new highs, just not as many. So I try to move my funds to these select > It works >for me as I am up 27% so far this year. The time to buy stocks could not be >any better than now as we have seen one of the biggest corrections in many > As the >saying goes the best time to buy is when everyone else is selling. > >Chris. - - ------------------------------ Date: 23 Feb 2001 19:05:21 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] Off topic - AOL question I dunno about you, but I've had half a dozen ISPs in the past 9 years and they all allow me to get my mail from any internet connection. they all also offered forwarding for 3 months after the account expired, so maybe I am just good at picking ISPs ;) At 02:45 PM 2/23/2001 -0800, you wrote: > Most mailboxes you get with your ISP account won't allow you to send > mail through them unless you dialed in. This is a real annoyance if you > travel much. > >I think you can use hotmail.com and Outlook Express if you dial in through >AOL, so you could do that now, notify your friends of your new address, >and be ready to change ISP's. > >Mike >----- Original Message ----- >From: SKutney@aol.com >To: canslim@lists.xmission.com >Sent: Friday, February 23, 2001 4:06 AM >Subject: Re: [CANSLIM] Off topic - AOL question > >When using 6.0 you can press the "button" on the bottom of your e-mail screen >on AOL to save your e-mail to a folder. I don't think that's exactly what has >been described on how to save e-mail on various other posts. > >As an AOL user I really doubt that AOL will forward e-mail. Why should they? >If you switch from AOL they just lost a customer. > >Steve Kutney Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: 23 Feb 2001 19:11:02 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] Weekend digest I'm about 1/2 in after being stopped out of 5 CANSLIM positions. The one tech I still own and MCD are killing me, I am now actually below my Nov 99 fund level. Some people have to learn the hard way, I wish I had saved the message from that guy who bet it all on Asian stocks a few days before the big implosion in '98. He also said "it can't possibly get further oversold" or something like that. His last message saying he could no longer afford his ISP was a real gem, as far as learning the lesson that you will never be smarter than the market. At 07:41 PM 2/23/2001 -0700, you wrote: >I do not agree that this is a CANSLIM approach. I'm happy you are doing >well, but I'm having the worst run of my CANSLIM experience the last couple >of months. I think most on the list would agree this isn't the kind of M >to be buying in. WON says that in a bad market, 3 of 4 stocks will go >down, and it's not worth risking your capital with those kind of odds. >Additionally, your selections and buy timing seem to stray significantly >from CANSLIM, so it may be you are doing well right now because of the >differences. > >Personally, I was stopped out of CHCS today, and then it went up 13% after >that! I'm not real pleased now, but I'm down to 1 position (about 14% >invested.) > >At 09:24 PM 2/23/01 EST, you wrote: > >Bill, even in a down market like we are in now there are still many stocks > >making new highs, just not as many. So I try to move my funds to these >select > > It works > >for me as I am up 27% so far this year. The time to buy stocks could not > be > >any better than now as we have seen one of the biggest corrections in many > > As the > >saying goes the best time to buy is when everyone else is selling. > > > >Chris. > >- 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, 23 Feb 2001 22:33:18 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Down the road again with SKX (Sketchers) Hi Michael, I always advocate starting with an 8% stop loss (max) from your point of entry. Once you are up 15% from your point of entry (in your example past 27.21), then raise the stop loss to your entry point, thus (barring a gap down) protecting yourself from any loss other than brokerage charges. As the stock moves higher, continue to raise the trailing stop so as to remain always 15% behind the price. You must decide if you use the intraday high, or the closing high, for setting the trailing stop. Thus, at this point, your trailing stop set at 23.66 would since have been raised to 25.92. On the other hand, since you are new to investing, I would recommend you apply one of WON's premises - that is, to consistently make money you must first learn to make profits, and that's hard because you only can make a profit when you sell. Thus, he advocates new investors, or newcomers to CANSLIM, selling at an arbitrary 20% gain, regardless of what you "think" the stock will continue doing (bulls and bears make money, pigs get slaughtered rule). On this basis, you should already have sold as the stock passed 28.39. Cash is king in this kind of market, be willing to take a nice profit and sit in cash for awhile. There will be plenty of opportunities where you can lose this amount of profit even faster than you made it. As for the question on selling half positions, I generally dislike (this is a personal preference) selling half a position unless I am already up over 100%. Until then, if I think the stock should be sold, I sell everything. And I almost always will buy a minimum of 300 to 500 shares, so a half position would still leave me a fair nr of shares to work with. Good luck, Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Michael Doroshenko To: CANSLIM Sent: Friday, February 23, 2001 7:46 PM Subject: [CANSLIM] Down the road again with SKX (Sketchers) Hi Group: Here we are with Skecher's again. I revisited the stock and took a 100 share position in the stock when I noticed a support on the issue. I bought in at 23.66. It is now up to 30.50. What is the appropriate action I should take on this stock? I could let my trailing stops take me out. But what is the consensus on the trailing stop? Should I have a tight trailing stop at 8% below the price today of 30.50? Or should I loosen the trailing stop to what has been recommended in the past of a trailing stop of 15%? It has also been discussed about taking partial positions in the issue. What if I sell 50 shares and take the profit and let the other 50 shares ride out over the future period? I am not inclined to sell partial positions because it is an odd lot and I would like to stay in with my full positions until I notice price failure on the stock. I am asking these questions because I have only been in the market since January. I am also limited on buying/selling small amounts of shares because of the amount of money in my brokerage account. Best regards Michael Doroshenko - - - - ------------------------------ Date: Fri, 23 Feb 2001 22:56:15 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Weekend digest This is a multi-part message in MIME format. - ------=_NextPart_000_0077_01C09DEB.D45FD6E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Chris, This is "value shopping" and "bottom fishing" thinking, not CANSLIM, = even if you are buying stocks hitting new highs with good RS and EPS. = Some members renamed CANSLIM as MANSLIC, because "M" is the most = important letter. And "M" has been and continues to be extremely = adverse. As I pointed out previously, oversold is a vague term. Just because a = particular segment, or index, is showing oversold characteristics does = not in any way prevent it from becoming even more oversold. And the = last two times recently when Naz was this oversold, the techs (aside = from the dot coms) were still holding up well. Now, not only have they = virtually all failed, but for sound reasons due slumping earnings, = failing revenue forecasts, and most importantly pessimistic words on how = soon this will change for the better. When Naz was this oversold in early October, it was also about a = thousand points higher, that's around a 30% drop since then alone. Take = a look at the chart of Naz, and think of it as an individual stock = chart. Is this a stock you would be happy to own, much less consider = buying at this time? I agree, there are always a few stocks every day that will go up even in = a bear market. Some go up on news that only an insider could see in = advance. Some go up because they are defensive in nature. Some continue = up because so few then are going up, and so money chases the few making = new highs. But if that even appears to turn around, and that sentiment = change can happen in a heartbeat, a lot of money that is speculating on = little known companies that are among the few still rising will quickly = take profits and move the money to where they are more comfortable, in = big and better known names. I have seen this happen time and time again when a sour market like this = finally appears to, or actually does, turns around. The lesser known = companies, with sound fundies and nice charts, are suddenly hit with = profit taking and abandoned as the money chases the better known names = that have been battered and bloodied and beaten down. This "biggest correction" in NASDAQ already set an all time record for = Naz some 300-500 or so points ago, if I remember right. Every further = point drop makes it even bigger. You are betting that you are smarter = than the market, and that it is now so "big" that it cannot get any = bigger.=20 I do not expect to change your thinking, and glad for you that you are = up in a difficult period. But I also want to express a cautionary note = for the newer investors that may choose to follow your thinking. Good luck, Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 23, 2001 9:24 PM Subject: Re: [CANSLIM] Weekend digest Bill, even in a down market like we are in now there are still many = stocks=20 making new highs, just not as many. So I try to move my funds to these = select=20 few, which should do even better when the market turns positive. It = works=20 for me as I am up 27% so far this year. The time to buy stocks could = not be=20 any better than now as we have seen one of the biggest corrections in = many=20 years, and may not have this opportunity for many years to come. As = the=20 saying goes the best time to buy is when everyone else is selling.=20 Chris.=20 - ------=_NextPart_000_0077_01C09DEB.D45FD6E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Chris,
 
This is "value shopping" and "bottom fishing" = thinking, not=20 CANSLIM, even if you are buying stocks hitting new highs with good RS = and=20 EPS.  Some members renamed CANSLIM as MANSLIC, because "M" is the = most=20 important letter. And "M" has been and continues to be extremely=20 adverse.
 
As I pointed out previously, oversold is a vague = term. Just=20 because a particular segment, or index, is showing oversold = characteristics does=20 not in any way prevent it from becoming even more oversold.  And = the last=20 two times recently when Naz was this oversold, the techs (aside from the = dot=20 coms) were still holding up well. Now, not only have they virtually all = failed,=20 but for sound reasons due slumping earnings, failing revenue forecasts, = and most=20 importantly pessimistic words on how soon this will change for the=20 better.
 
When Naz was this oversold in early October, it was = also about=20 a thousand points higher, that's around a 30% drop since then = alone.  Take=20 a look at the chart of Naz, and think of it as an individual stock = chart. Is=20 this a stock you would be happy to own, much less consider buying at = this=20 time?
 
I agree, there are always a few stocks every day = that will go=20 up even in a bear market. Some go up on news that only an insider could = see in=20 advance. Some go up because they are defensive in nature. Some continue = up=20 because so few then are going up, and so money chases the few making new = highs.  But if that even appears to turn around, and that sentiment = change=20 can happen in a heartbeat, a lot of money that is speculating on little = known=20 companies that are among the few still rising will quickly take profits = and move=20 the money to where they are more comfortable, in big and better known=20 names.
 
I have seen this happen time and time again when a = sour market=20 like this finally appears to, or actually does, turns around. The lesser = known=20 companies, with sound fundies and nice charts, are suddenly hit with = profit=20 taking and abandoned as the money chases the better known names that = have been=20 battered and bloodied and beaten down.
 
This "biggest correction" in NASDAQ already set an = all time=20 record for Naz some 300-500 or so points ago, if I remember right. Every = further=20 point drop makes it even bigger. You are betting that you are smarter = than the=20 market, and that it is now so "big" that it cannot get any bigger. =
 
I do not expect to change your thinking, and glad = for you that=20 you are up in a difficult period. But I also want to express a = cautionary note=20 for the newer investors that may choose to follow your = thinking.
 
Good luck,

Tom Worley
stkguru@netside.net
ICQ # = 5568838
 
 
----- Original Message -----
From:=20 Vanchee1@aol.com=20
To: canslim@lists.xmission.com =
Sent: Friday, February 23, 2001 = 9:24=20 PM
Subject: Re: [CANSLIM] Weekend=20 digest

Bill, even = in a down=20 market like we are in now there are still many stocks
making new = highs,=20 just not as many. So I try to move my funds to these select
few, = which=20 should do even better when the market turns positive.  It works =
for=20 me as I am up 27% so far this year. The time to buy stocks could not = be=20
any better than now as we have seen one of the biggest corrections = in many=20
years, and may not have this opportunity for many years to come. =  As=20 the
saying goes the best time to buy is when everyone else is = selling.=20

Chris. - ------=_NextPart_000_0077_01C09DEB.D45FD6E0-- - - ------------------------------ End of canslim-digest V2 #1157 ****************************** 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.