From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1166 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 Wednesday, February 28 2001 Volume 02 : Number 1166 In this issue: Re: [CANSLIM] RCII Re: [CANSLIM] Chris and his CANSLIM approach Re: [CANSLIM] Chris and his CANSLIM approach RE: [CANSLIM] not RCII any more [CANSLIM] Pick for Chris Re: [CANSLIM] Pick for Chris Re: [CANSLIM] Selling Strategies ---------------------------------------------------------------------- Date: Wed, 28 Feb 2001 20:29:53 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] RCII Sorry, Surindra, I miss your point - RENT - RS 54, EPS 54, three of the past four quarters are down both on sales and earnings, aside from a rally for the past several weeks that suggests it is completing a long cup, it is still a very low priced stock ($4) which is outside the mainstream. And it does not yet (still?) have even three analysts following it, so no earnings forecasts on DGO. And because of the huge loss in Q2, it will have a net loss for the year. While both earnings and sales on RCII are stagnating, it still looks better by comparison, tho I wouldn't but it even in a better "M". Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Surindra To: Sent: Wednesday, February 28, 2001 1:06 PM Subject: RE: [CANSLIM] RCII non canslim, hit delete button: look at RENT (Rentrak) instead of rent a center (RCII), ps: bottoms of the markets are historical...... have a nice day. surindra - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher Sent: Tuesday, February 27, 2001 4:07 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] RCII As someone else pointed out, this is generally a pattern that forms in a strong bull. I give it wiggle room in a bear market like this one. IMHO a trading range from 38+ to 40+ over 8 days is neither wide nor loose. There was a shakeout the prior week but I attribute that to earnings coming out on Feb 6. On 11:33 AM 2/27/01, Spencer48@aol.com Said: >Tim, > > Just a question: Why do you see an HTF (I imagine it means WON's High >Tight Flag) in RCII. It has not doubled in 4-8 weeks. It took over 3 months >to double. Moreover-and this seems more significant-the formation seems >very wide and loose. > I'm interested then in what signal you saw that gave you reason to >conclude RCII is a HTF. The reason I ask is not to show that I've read WON's >book, but because you correspond often, and generally your analyses prove >correct. > >jans > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - - - - ------------------------------ Date: Wed, 28 Feb 2001 20:32:17 -0500 From: "Jeff Mulder" Subject: Re: [CANSLIM] Chris and his CANSLIM approach This is a multi-part message in MIME format. - ------=_NextPart_000_00A9_01C0A1C5.8AE58220 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks for detailing your strategy. Clearly, earnings are the core of your strategy. Do you require a = specific minimum rate of earnings growth? Do you rule out companies that = exceed a particular level of earnings growth? Do you require growth = acceleration? You did not mention group performance in your description, so I assume = you do not include it in your strategy. Have you found group performance = to be inconsequential or detrimental to your strategy? - - Jeff ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Sunday, February 25, 2001 10:55 PM Subject: Re: [CANSLIM] Chris and his CANSLIM approach Jeff, be happy to share my thoughts and ideas. I don't have any set of = canslim guidelines, I just like stocks that meet most of the canslim=20 criteria. I prefer mid cap and some small cap stocks (no micro caps), = To me=20 the most important criteria is earning. I find most of my stocks in = IBD,=20 stocks in the news or new America, have subscribe to IBD many years = now (I=20 think about 8) read all WO books. Once I find a stock I do some = research on=20 it, read last 4 to 6 qtrs. earnings reports and try to get a sense of = the=20 changes, direction, or what management is trying do with the company. = If I=20 like most of what I see about a company I will either buy it if it = appears to=20 be moving up on increased volume, or just wait if it is only basing = and buy=20 it when volume picks up and the price increases. I will list the = current 6=20 stocks I own, I average about 3,000 shares each some even more, give = their=20 EPS rank, relative price strength, all from this Mon. IBD paper, list = their=20 last 4 qtrs. earnings starting with the earliest, shares out, float = and ADV.=20 ACLNF 99/92 4).43v.37 1).79v.33 2).77v.42 3).89v.49 TTM 2.88 PE = 10, out=20 14mil float 6.6mil ADV 31,000=20 KDE 99/33 4)1.21v.18 1).71v.06 2).78v.16 3).82v.54 TTM 3.52 PE 4, = out 12=20 float 5 ADV 200,000=20 EASI 96/99 we all have discussed this one enough.=20 SPCH 97/97 4).26v.19 1).21v.10 2).27v.16 3).44v.30 TTM 1.18 PE 7, = out 6.5,=20 float 1.8 ADV 10,000=20 RCII 97/98 got this one from this board 1).61v.35 2)1.00v.41 = 3).68v.46 4) =20 .67v.52 TTM 2.96 PE 13 out 25, float 10 ADV 260,000=20 ASHW 92/97 1).02v-.03 2).26v.17 3).14v.11 4).08v.04 TTM .50 PE 17 = out 13=20 float 9 ADV 90,000=20 I only look at the 6 month chart and like the way the charts look on = all of=20 these. If I find a stock that I like and want to buy I will sell my = weakest=20 as I am almost always 100% invested, I was mostly cash for a couple of = months=20 Nov and DEC, as I was licking my wounds for the year 2000 and = reevaluating my=20 investment strategy, I averaged 25% a year from 1995 to 1998, did 110% = in=20 1999 applied buying on the breakout, trading actively almost every = day, and=20 had a good market on my side, was down 35% in 2000, was not trading = much and=20 road them down too far, so far this year up 27% and feel Im back in = touch=20 with the pulse of trading considering the market environment, trading=20 actively, selling at first sign of weakness, what I call 0-tollerance. = I=20 currently feel that the techs have taken many other stocks down with = it and=20 the market (except techs) is oversold, this is a stock pickers market, = where=20 only a small percentage of investors make the best returns, it is a = very=20 tough market right now and many investors are better off in cash, = especially=20 if they do not have the time to watch their stocks every day and act = fast, I=20 do have the time, so I fell comfortable being fully invested. My = holdings=20 change every week where I might add one or two and drop one or two to = my=20 watch list.=20 As far as EASI I have been in this one since early Jan, saw a good run = up one=20 day and sold at 34 hoping to buy back the next day for 32 to make a = fast=20 $2,000, but it did not pull back but keep raising to about 39, because = I=20 really like it I bought back in on a pull back at 34.5 and 34.75 so it = did=20 cost me a little.=20 Chris=20 - ------=_NextPart_000_00A9_01C0A1C5.8AE58220 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks for detailing your = strategy.
 
Clearly, earnings are the core of your = strategy.=20 Do you require a specific minimum = rate of=20 earnings growth? Do you rule out companies that exceed a particular = level of=20 earnings growth? Do you require growth acceleration?
 
You did not mention group performance = in your=20 description, so I assume you do not include it in your strategy. Have = you found=20 group performance to be inconsequential or detrimental to your=20 strategy?
 
- Jeff
 
----- Original Message -----
From:=20 Vanchee1@aol.com=20
To: canslim@lists.xmission.com =
Sent: Sunday, February 25, 2001 = 10:55=20 PM
Subject: Re: [CANSLIM] Chris = and his=20 CANSLIM approach

Jeff, be = happy to share=20 my thoughts and ideas. I don't have any set of
canslim guidelines, = I just=20 like stocks that meet most of the canslim
criteria. I prefer mid = cap and=20 some small cap stocks (no micro caps), To me
the most important = criteria=20 is earning. I find most of my stocks in IBD,
stocks in the news or = new=20 America, have subscribe to IBD many years now (I
think about 8) = read all=20 WO books. Once I find a stock I do some research on
it, read last = 4 to 6=20 qtrs. earnings reports and try to get a sense of the
changes, = direction,=20 or what management is trying do with the company. If I
like most = of what I=20 see about a company I will either buy it if it appears to
be = moving up on=20 increased volume, or just wait if it is only basing and buy
it = when volume=20 picks up and the price increases. I will list the current 6
stocks = I own,=20 I average about 3,000 shares each some even more, give their
EPS = rank,=20 relative price strength, all from this Mon. IBD paper, list their =
last 4=20 qtrs. earnings starting with the earliest, shares out, float and ADV.=20
ACLNF 99/92  4).43v.37  1).79v.33  2).77v.42 =  3).89v.49  TTM 2.88 PE 10, out
14mil float 6.6mil ADV = 31,000=20
KDE 99/33  4)1.21v.18  1).71v.06  2).78v.16=20  3).82v.54 TTM 3.52 PE 4, out 12
float 5 ADV 200,000 =
EASI=20 96/99 we all have discussed this one enough.
SPCH 97/97 = 4).26v.19=20  1).21v.10  2).27v.16  3).44v.30 TTM 1.18 PE 7, out = 6.5,=20
float 1.8 ADV 10,000
RCII 97/98 got this one from this = board=20 1).61v.35  2)1.00v.41  3).68v.46  4)  
.67v.52 = TTM=20 2.96 PE 13 out 25, float 10 ADV 260,000
ASHW 92/97 = 1).02v-.03=20  2).26v.17  3).14v.11  4).08v.04 TTM .50 PE 17 out 13 =
float=20 9 ADV 90,000
I only look at the 6 month chart and like the way the = charts=20 look on all of
these. If I find a stock that I like and want to = buy I will=20 sell my weakest
as I am almost always 100% invested, I was mostly = cash for=20 a couple of months
Nov and DEC, as I was licking my wounds for the = year=20 2000 and reevaluating my
investment strategy, I averaged 25% a = year from=20 1995 to 1998, did 110% in
1999 applied buying on the breakout, = trading=20 actively almost every day, and
had a good market on my side, was = down 35%=20 in 2000, was not trading much and
road them down too far, so far = this year=20  up 27% and feel Im back in touch
with the pulse of trading=20 considering the market environment, trading
actively, selling at = first=20 sign of weakness, what I call 0-tollerance. I
currently feel that = the=20 techs have taken many other stocks down with it and
the market = (except=20 techs) is oversold, this is a stock pickers market, where
only a = small=20 percentage of investors make the best returns, it is a very
tough = market=20 right now and many investors are better off in cash, especially
if = they do=20 not have the time to watch their stocks every day and act fast, I =
do have=20 the time, so I fell comfortable being fully invested. My holdings =
change=20 every week where I might add one or two and drop one or two to my =
watch=20 list.

As far as EASI I have been in this one since early Jan, = saw a=20 good run up one
day and sold at 34 hoping to buy back the next day = for 32=20 to make a fast
$2,000, but it did not pull back but keep raising = to about=20 39, because I
really like it I bought back in on a pull back at = 34.5 and=20 34.75 so it did
cost me a little.

Chris=20 - ------=_NextPart_000_00A9_01C0A1C5.8AE58220-- - - ------------------------------ Date: Wed, 28 Feb 2001 22:12:08 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Chris and his CANSLIM approach This is a multi-part message in MIME format. - ------=_NextPart_000_0123_01C0A1D3.7DE7F9A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Jeff, Momentum, rather than earnings, appears to me to be the core strategy. = Certainly MAGI, the latest "pick" by Chris, lacks earnings with a = forecasted DECLINE of 24% on annual earnings. Granted, Chris has not = responded to my comments on this one, so maybe he sees something there = that I am missing, but earnings does not appear to be the driving force. = I am still interested in knowing why he likes that one. When you can watch a stock constantly throughout the trading day, I = guess you can apply CS elements a little differently to reduce your = overall risks. Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message -----=20 From: Jeff Mulder=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, February 28, 2001 8:32 PM Subject: Re: [CANSLIM] Chris and his CANSLIM approach Thanks for detailing your strategy. Clearly, earnings are the core of your strategy. Do you require a = specific minimum rate of earnings growth? Do you rule out companies that = exceed a particular level of earnings growth? Do you require growth = acceleration? You did not mention group performance in your description, so I assume = you do not include it in your strategy. Have you found group performance = to be inconsequential or detrimental to your strategy? - Jeff ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Sunday, February 25, 2001 10:55 PM Subject: Re: [CANSLIM] Chris and his CANSLIM approach Jeff, be happy to share my thoughts and ideas. I don't have any set = of=20 canslim guidelines, I just like stocks that meet most of the canslim = criteria. I prefer mid cap and some small cap stocks (no micro = caps), To me=20 the most important criteria is earning. I find most of my stocks in = IBD,=20 stocks in the news or new America, have subscribe to IBD many years = now (I=20 think about 8) read all WO books. Once I find a stock I do some = research on=20 it, read last 4 to 6 qtrs. earnings reports and try to get a sense = of the=20 changes, direction, or what management is trying do with the = company. If I=20 like most of what I see about a company I will either buy it if it = appears to=20 be moving up on increased volume, or just wait if it is only basing = and buy=20 it when volume picks up and the price increases. I will list the = current 6=20 stocks I own, I average about 3,000 shares each some even more, give = their=20 EPS rank, relative price strength, all from this Mon. IBD paper, = list their=20 last 4 qtrs. earnings starting with the earliest, shares out, float = and ADV.=20 ACLNF 99/92 4).43v.37 1).79v.33 2).77v.42 3).89v.49 TTM 2.88 PE = 10, out=20 14mil float 6.6mil ADV 31,000=20 KDE 99/33 4)1.21v.18 1).71v.06 2).78v.16 3).82v.54 TTM 3.52 PE = 4, out 12=20 float 5 ADV 200,000=20 EASI 96/99 we all have discussed this one enough.=20 SPCH 97/97 4).26v.19 1).21v.10 2).27v.16 3).44v.30 TTM 1.18 PE 7, = out 6.5,=20 float 1.8 ADV 10,000=20 RCII 97/98 got this one from this board 1).61v.35 2)1.00v.41 = 3).68v.46 4) =20 .67v.52 TTM 2.96 PE 13 out 25, float 10 ADV 260,000=20 ASHW 92/97 1).02v-.03 2).26v.17 3).14v.11 4).08v.04 TTM .50 PE 17 = out 13=20 float 9 ADV 90,000=20 I only look at the 6 month chart and like the way the charts look on = all of=20 these. If I find a stock that I like and want to buy I will sell my = weakest=20 as I am almost always 100% invested, I was mostly cash for a couple = of months=20 Nov and DEC, as I was licking my wounds for the year 2000 and = reevaluating my=20 investment strategy, I averaged 25% a year from 1995 to 1998, did = 110% in=20 1999 applied buying on the breakout, trading actively almost every = day, and=20 had a good market on my side, was down 35% in 2000, was not trading = much and=20 road them down too far, so far this year up 27% and feel Im back in = touch=20 with the pulse of trading considering the market environment, = trading=20 actively, selling at first sign of weakness, what I call = 0-tollerance. I=20 currently feel that the techs have taken many other stocks down with = it and=20 the market (except techs) is oversold, this is a stock pickers = market, where=20 only a small percentage of investors make the best returns, it is a = very=20 tough market right now and many investors are better off in cash, = especially=20 if they do not have the time to watch their stocks every day and act = fast, I=20 do have the time, so I fell comfortable being fully invested. My = holdings=20 change every week where I might add one or two and drop one or two = to my=20 watch list.=20 As far as EASI I have been in this one since early Jan, saw a good = run up one=20 day and sold at 34 hoping to buy back the next day for 32 to make a = fast=20 $2,000, but it did not pull back but keep raising to about 39, = because I=20 really like it I bought back in on a pull back at 34.5 and 34.75 so = it did=20 cost me a little.=20 Chris=20 - ------=_NextPart_000_0123_01C0A1D3.7DE7F9A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Jeff,
 
Momentum, rather than earnings, appears to me to be = the core=20 strategy. Certainly MAGI, the latest "pick" by Chris, lacks earnings = with a=20 forecasted DECLINE of 24% on annual earnings. Granted, Chris has not = responded=20 to my comments on this one, so maybe he sees something there that I am = missing,=20 but earnings does not appear to be the driving force. I am still = interested in=20 knowing why he likes that one.
 
When you can watch a stock constantly throughout the = trading=20 day, I guess you can apply CS elements a little differently to reduce = your=20 overall risks.

Tom Worley
stkguru@netside.net
ICQ # = 5568838
 
 
----- Original Message -----
From:=20 Jeff = Mulder
To: canslim@lists.xmission.com =
Sent: Wednesday, February 28, = 2001 8:32=20 PM
Subject: Re: [CANSLIM] Chris = and his=20 CANSLIM approach

Thanks for detailing your = strategy.
 
Clearly, earnings are the core of = your strategy.=20 Do you require a specific minimum = rate of=20 earnings growth? Do you rule out companies that exceed a particular = level of=20 earnings growth? Do you require growth acceleration?
 
You did not mention group performance = in your=20 description, so I assume you do not include it in your strategy. Have = you=20 found group performance to be inconsequential or detrimental to your=20 strategy?
 
- Jeff
 
----- Original Message -----
From:=20 Vanchee1@aol.com
To: canslim@lists.xmission.com =
Sent: Sunday, February 25, = 2001 10:55=20 PM
Subject: Re: [CANSLIM] Chris = and his=20 CANSLIM approach

Jeff, be = happy to=20 share my thoughts and ideas. I don't have any set of
canslim = guidelines,=20 I just like stocks that meet most of the canslim
criteria. I = prefer mid=20 cap and some small cap stocks (no micro caps), To me
the most = important=20 criteria is earning. I find most of my stocks in IBD,
stocks in = the news=20 or new America, have subscribe to IBD many years now (I
think = about 8)=20 read all WO books. Once I find a stock I do some research on
it, = read=20 last 4 to 6 qtrs. earnings reports and try to get a sense of the=20
changes, direction, or what management is trying do with the = company. If=20 I
like most of what I see about a company I will either buy it = if it=20 appears to
be moving up on increased volume, or just wait if it = is only=20 basing and buy
it when volume picks up and the price increases. = I will=20 list the current 6
stocks I own, I average about 3,000 shares = each some=20 even more, give their
EPS rank, relative price strength, all = from this=20 Mon. IBD paper, list their
last 4 qtrs. earnings starting with = the=20 earliest, shares out, float and ADV.
ACLNF 99/92 =  4).43v.37=20  1).79v.33  2).77v.42  3).89v.49  TTM 2.88 PE = 10, out=20
14mil float 6.6mil ADV 31,000
KDE 99/33 =  4)1.21v.18=20  1).71v.06  2).78v.16  3).82v.54 TTM 3.52 PE 4, out = 12=20
float 5 ADV 200,000
EASI 96/99 we all have discussed = this one=20 enough.
SPCH 97/97 4).26v.19  1).21v.10 =  2).27v.16=20  3).44v.30 TTM 1.18 PE 7, out 6.5,
float 1.8 ADV 10,000 =
RCII=20 97/98 got this one from this board 1).61v.35  2)1.00v.41=20  3).68v.46  4)  
.67v.52 TTM 2.96 PE 13 out 25, = float 10=20 ADV 260,000
ASHW 92/97 1).02v-.03  2).26v.17 =  3).14v.11=20  4).08v.04 TTM .50 PE 17 out 13
float 9 ADV 90,000
I = only look=20 at the 6 month chart and like the way the charts look on all of =
these.=20 If I find a stock that I like and want to buy I will sell my weakest =
as=20 I am almost always 100% invested, I was mostly cash for a couple of = months=20
Nov and DEC, as I was licking my wounds for the year 2000 and=20 reevaluating my
investment strategy, I averaged 25% a year from = 1995 to=20 1998, did 110% in
1999 applied buying on the breakout, trading = actively=20 almost every day, and
had a good market on my side, was down 35% = in=20 2000, was not trading much and
road them down too far, so far = this year=20  up 27% and feel Im back in touch
with the pulse of trading = considering the market environment, trading
actively, selling at = first=20 sign of weakness, what I call 0-tollerance. I
currently feel = that the=20 techs have taken many other stocks down with it and
the market = (except=20 techs) is oversold, this is a stock pickers market, where
only a = small=20 percentage of investors make the best returns, it is a very =
tough market=20 right now and many investors are better off in cash, especially =
if they=20 do not have the time to watch their stocks every day and act fast, I =
do=20 have the time, so I fell comfortable being fully invested. My = holdings=20
change every week where I might add one or two and drop one or = two to my=20
watch list.

As far as EASI I have been in this one since = early=20 Jan, saw a good run up one
day and sold at 34 hoping to buy back = the=20 next day for 32 to make a fast
$2,000, but it did not pull back = but keep=20 raising to about 39, because I
really like it I bought back in = on a pull=20 back at 34.5 and 34.75 so it did
cost me a little. =

Chris=20 - ------=_NextPart_000_0123_01C0A1D3.7DE7F9A0-- - - ------------------------------ Date: Wed, 28 Feb 2001 23:39:07 -0500 From: Surindra Subject: RE: [CANSLIM] not RCII any more Hello Tom: I fully agree with you about poor cansli(M) numbers and other characters of this company, that is why I started the message as non canslim... What I will actually like to elaborate is that rental companies generally do better when the economy is unhealthy. Blockbuster (BBI) rentrak (RENT) and Rent a center (RCII) and other companies dealing with rental are doing so well. Just my personal opinion. Regards Surindra - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Wednesday, February 28, 2001 8:30 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] RCII Sorry, Surindra, I miss your point - RENT - RS 54, EPS 54, three of the past four quarters are down both on sales and earnings, aside from a rally for the past several weeks that suggests it is completing a long cup, it is still a very low priced stock ($4) which is outside the mainstream. And it does not yet (still?) have even three analysts following it, so no earnings forecasts on DGO. And because of the huge loss in Q2, it will have a net loss for the year. While both earnings and sales on RCII are stagnating, it still looks better by comparison, tho I wouldn't but it even in a better "M". Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Surindra To: Sent: Wednesday, February 28, 2001 1:06 PM Subject: RE: [CANSLIM] RCII non canslim, hit delete button: look at RENT (Rentrak) instead of rent a center (RCII), ps: bottoms of the markets are historical...... have a nice day. surindra - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher Sent: Tuesday, February 27, 2001 4:07 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] RCII As someone else pointed out, this is generally a pattern that forms in a strong bull. I give it wiggle room in a bear market like this one. IMHO a trading range from 38+ to 40+ over 8 days is neither wide nor loose. There was a shakeout the prior week but I attribute that to earnings coming out on Feb 6. On 11:33 AM 2/27/01, Spencer48@aol.com Said: >Tim, > > Just a question: Why do you see an HTF (I imagine it means WON's High >Tight Flag) in RCII. It has not doubled in 4-8 weeks. It took over 3 months >to double. Moreover-and this seems more significant-the formation seems >very wide and loose. > I'm interested then in what signal you saw that gave you reason to >conclude RCII is a HTF. The reason I ask is not to show that I've read WON's >book, but because you correspond often, and generally your analyses prove >correct. > >jans > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - - - - - - ------------------------------ Date: Wed, 28 Feb 2001 23:58:01 -0500 From: "Jeff Mulder" Subject: [CANSLIM] Pick for Chris This is a multi-part message in MIME format. - ------=_NextPart_000_0106_01C0A1E2.4833A980 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable LNCR might interest you. It's IBD numbers are 99/90/98/AAA. The stock is = in a 2-month base very close to a new high. Earnings growth is running in the low 20s range, which may be too low = for your strategy. - - Jeff - ------=_NextPart_000_0106_01C0A1E2.4833A980 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
LNCR might interest you. It's IBD = numbers are=20 99/90/98/AAA. The stock is in a 2-month base very close to a new=20 high.
 
Earnings growth is running in the low = 20s range,=20 which may be too low for your strategy.
 
- Jeff
- ------=_NextPart_000_0106_01C0A1E2.4833A980-- - - ------------------------------ Date: Thu, 1 Mar 2001 00:15:13 EST From: Vanchee1@aol.com Subject: Re: [CANSLIM] Pick for Chris - --part1_de.10d60aca.27cf34e1_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Thanks Jeff, I will take a good look at LNCR. Chris. - --part1_de.10d60aca.27cf34e1_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Thanks Jeff, I will take a good look at LNCR.

Chris. - --part1_de.10d60aca.27cf34e1_boundary-- - - ------------------------------ Date: Wed, 28 Feb 2001 22:43:54 -0800 From: Richard Herkert Subject: Re: [CANSLIM] Selling Strategies This is a multi-part message in MIME format. - --Boundary_(ID_F3DaGKLdrOJFbLQZ0Wx0Jw) Content-type: text/plain; charset=iso-8859-1 Content-transfer-encoding: quoted-printable Hi Ricardo. Thanks for your analysis. It is a help to find out the = "whys" of the market's actions. =20 I missed the addition of FRNT to the S&P SmallCap Index but I would = think that should have caused an even greater move for the day, as well = as for the 21st. For what it may be worth, I try to rely heavily on the chart action to = tell me what the market is actually doing with a stock, and give little = or no credence to what I hear or read, with the exception of IBD's stock = pages and analysis, as well as the discussions at this site where nobody = has an axe to grind.=20 Possibly the knowledge of the good January Traffic Report, as well as = knowledge of the pending inclusion in the S&P SmallCap, swayed some to = hold or to buy. John's high tight stop loss indicates that he saw = possible trouble.=20 Chart wise, it seems to me that there were willing sellers on both of = those days, as well as on the days following. As my fear of loss has become greater than my greed for gain, I probably = would have closed out on what I saw as lack of adequate upward movement = based on " those days" volumes, especially as it was close to the = earnings reporting day. When things look shaky, I like to sell before = the reporting day as I figure that If it goes up with the report I can = always rebuy a couple of points above my sell price, raising my cost = basis but protecting my principle and gains. (NOT CS! - but it is CMA.) = John's stop loss worked for him. In this market I would not be willing = to take even that risk if I had been holding this stock. If anyone might be interested, just for discussion and learning, are = there any CANSLIM/WON purists out there who would have seen the action = of this stock as one which had started to act unusual? And if so, why = and what would you have done if you had been holding the stock?=20 Dick ----- Original Message -----=20 From: Ricardo Bekin=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, February 27, 2001 1:43 PM Subject: Re: [CANSLIM] Selling Strategies Hi Dick, regarding sales and earnings I like to look at four quarter = totals (to avoid seasonality) measured this way, sales have been rising every quarter since Q2:1995 four quarter total net income peaked in Q2:1999, declined for three = quarters and then proceeded to double from Q1:2000 to Q3:2000 regarding the gap on February 16, it was clearly a result of FRNT = being added to the S&P SmallCap index (the announcement was made on the = 15th, after the close, so FRNT opened higher the next day) but note that FRNT was not actually added to the index until the 21st, = and that is the day when the passive index funds have to do their = buying, thus the heavy volume on that day the drop today was just the (over)reaction to the earnings warning = (and btw this was a classic example of a situation where a stop loss = order would not have helped, since it opened down more than 10 dollars) only 18 days ago they reported on the January traffic, and everything = seemed A-OK for a solid quarter! as far as who was selling today, it's hard to say, but there is no = question the volume was HUGE (almost 40% of the float) Ricardo ----- Original Message -----=20 From: Richard Herkert=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, February 27, 2001 2:57 PM Subject: Re: [CANSLIM] Selling Strategies Congratulations, John, on the use and placement of your hard stop.=20 There is an interesting DGO chart on FRNT which might have = forewarned the huge correction, or at least made a significant warning = of "today's" market's displeasure with FRNT. Other than the chart, = down earnings and sales for the last quarter 1999 and the first quarter = 2000, along with an EPS of 77 (B), all of FRNT's indicators were a go. = FRNT's action is an excellent example why good daily and weekly charts = are essential. Following a climb from the 20 area of Oct. 19th, it appears that on = Feb. 16, FRNT might have had an exhaustion gap of 0.88 pts. when it made = a new high of 37.88 on 200% volume, gaining only 2pts. with a days range = of 1.25 pts. The next market day, Feb. 20, it closed down 0.19 on 147% = with a tight days range of 0.93 pts. On Feb. 21 made new high of 39.25, = closing up only 0.82 pts., on record high volume of 452%. Close was in = the lower 40% of day's range of 1.73 pts. Looks like the institutions = were starting to sell off? As always, hind sight makes every thing look easy but if we don't = use hindsight to learn, we just repeat our mistakes. Any thoughts? Dick=20 ----- Original Message -----=20 From: John=20 To: CANSLIM=20 Sent: Tuesday, February 27, 2001 10:02 AM Subject: [CANSLIM] Selling Strategies I have been re-reading WON's selling rules and surprisingly to = me, I did not find a place where he said to sell when the market = averages fall (he certainly is clear that one should not buy in a = falling market). What he does say in 24 Essential Lessons for = Investment Success (TELIS?) is:=20 "If the real market leaders in a particular industry break down = in price, are being sold in volume and are unable to gain much ground, = then most of the others in the group will probably be vulnerable and = should be considered for selling." =20 I interpret this to mean that the sector is falling rather than = the market. In any case, I was stopped out of FRNT yesterday. This is an = example of when a hard stop-loss order worked well. Yesterday FRNT = announced that it projected flat earnings. Today FRNT is down 32% -- = most of which occurred overnight. Unless one had a particular sell = price in mind and was watching like a hawk, it is unlikely one would = have gotten out in time. (Attached is a 5-day chart of FRNT) John - -------------------------------------------------------------------------= - - Do You Yahoo!? Yahoo! Mail Personal Address - Get email at your own domain with = Yahoo! Mail.=20 - -------------------------------------------------------------------------= - - - --Boundary_(ID_F3DaGKLdrOJFbLQZ0Wx0Jw) Content-type: text/html; charset=iso-8859-1 Content-transfer-encoding: quoted-printable
Hi Ricardo.  Thanks for your=20 analysis. It is a help to find out the "whys"  of the = market's=20 actions.  
 
I missed the addition of FRNT to the = S&P=20 SmallCap Index but I would think that should have caused an = even greater move for the day, as well as for the=20 21st.
 
For what it may be worth, I try to rely = heavily on=20 the chart action to tell me what the market is actually doing with = a stock,=20 and give little or no credence to what I hear or read, with the = exception=20 of IBD's stock pages and analysis, as well as the discussions = at this=20 site where nobody has an axe to grind.
 
Possibly the knowledge of the good = January Traffic=20 Report, as well as knowledge of the pending inclusion in the S&P = SmallCap,=20 swayed some to hold or to = buy.  John's=20 high tight stop loss indicates that he saw possible trouble. =
 
Chart wise, it seems to me that there = were willing=20 sellers on both of those days, as = well as on the=20 days following.
As my fear of loss has = become greater=20 than my greed for gain, I probably would have=20 closed out on what I saw as lack of adequate upward = movement=20 based on " those days"  volumes,  especially as it=20 was close to the earnings reporting day.  When things look = shaky, I=20 like to sell before the reporting day as I  figure that If it goes = up with=20 the report I can always rebuy a couple of points=20 above my sell price, raising my cost basis but protecting my principle = and=20 gains. (NOT CS! - but it is CMA.)  John's stop loss worked for = him. In=20 this market I would not be willing to take even that risk if I had been = holding=20 this stock.
 
If anyone might be interested,  = just for=20 discussion and learning, are there = any=20 CANSLIM/WON purists out there who would have seen the action = of this=20 stock as one which had started to act unusual?  And = if so, why=20 and what would you have done if you had been holding the=20 stock? 
 
Dick
 
 
 
 
 
 
 
----- Original Message -----
From:=20 Ricardo=20 Bekin
Sent: Tuesday, February 27, = 2001 1:43=20 PM
Subject: Re: [CANSLIM] Selling=20 Strategies

Hi Dick, regarding sales and earnings = I like=20 to look at four quarter totals (to avoid = seasonality)
 
measured this way, sales have been = rising every=20 quarter since Q2:1995
 
four quarter total net income peaked = in Q2:1999,=20 declined for three quarters and then proceeded to double from Q1:2000 = to=20 Q3:2000
 
regarding the gap on February 16, it = was clearly=20 a result of FRNT being added to the S&P SmallCap index (the = announcement=20 was made on the 15th, after the close, so FRNT opened higher the next=20 day)
 
but note that FRNT was not actually = added to the=20 index until the 21st, and that is the day when the passive index = funds=20 have to do their buying, thus the heavy volume on that = day
 
the drop today was just the = (over)reaction to the=20 earnings warning (and btw this was a classic example of a situation = where a=20 stop loss order would not have helped, since it opened down more than = 10=20 dollars)
 
only 18 days ago they reported on the = January=20 traffic, and everything seemed A-OK for a solid quarter!
 
as far as who was selling today, it's = hard to=20 say, but there is no question the volume was HUGE (almost 40% of=20 the float)
 
Ricardo
----- Original Message -----
From:=20 Richard=20 Herkert
Sent: Tuesday, February 27, = 2001 2:57=20 PM
Subject: Re: [CANSLIM] = Selling=20 Strategies

Congratulations, John, on the use = and placement=20 of your hard stop.
 
There is an interesting DGO chart on FRNT which might have forewarned = the huge=20 correction, or at least made a significant warning of  = "today's"=20 market's displeasure with FRNT.  Other than the chart, down = earnings=20 and sales for the last quarter = 1999 and the=20 first quarter 2000, along with an = EPS of 77=20 (B), all of FRNT's indicators were a go. FRNT's action is = an=20 excellent example why good daily and weekly charts are=20 essential.
 
Following a climb from the 20 area = of Oct.=20 19th,  it appears = that on Feb. 16,=20 FRNT might have had an exhaustion gap of 0.88 pts. when it = made a new high of 37.88 on 200% volume, gaining only = 2pts. with a=20 days range of 1.25 pts.  The next market day, Feb. 20, it = closed=20 down 0.19 on 147% with a tight days range of 0.93 pts. On Feb. 21 = made new=20 high of 39.25, closing up only 0.82 pts., on record high volume = of=20 452%. Close was in the lower 40% of day's range of 1.73 pts. Looks = like the=20 institutions were starting to sell off?
 
As always, hind sight makes every = thing look=20 easy but if we don't use hindsight to learn, we just repeat our=20 mistakes.
 
Any thoughts?
 
Dick 
 
 
 
----- Original Message -----
From:=20 John=20
To: CANSLIM
Sent: Tuesday, February 27, = 2001=20 10:02 AM
Subject: [CANSLIM] Selling=20 Strategies

 I have been re-reading WON's selling rules and = surprisingly to=20 me, I did not find a place where he said to sell when the market = averages=20 fall (he certainly is clear that one should not buy in a falling=20 market).  What he = does say in=20 24 Essential Lessons for Investment Success (TELIS?)=20 is: 



 “If the real market = leaders in a=20 particular industry break down in price, are being sold in volume = and are=20 unable to gain much ground, then most of the others in the group = will=20 probably be vulnerable and should be considered for = selling.”   



I interpret this to mean that the = sector is=20 falling rather than the market.



In any case, I was stopped out of FRNT = yesterday.   This is an example = of when a=20 hard stop-loss order worked well. =20 Yesterday FRNT announced that it projected flat = earnings.  Today FRNT is down 32% = - -- most of=20 which occurred overnight. =20 Unless one had a particular sell price in mind and was = watching=20 like a hawk, it is unlikely one would have gotten out in time. = (Attached=20 is a 5-day chart of FRNT)



 John


Do You Yahoo!?
Yahoo! Mail = Personal Address - Get email at your own domain with Yahoo! = Mail.=20

- --Boundary_(ID_F3DaGKLdrOJFbLQZ0Wx0Jw)-- - - ------------------------------ End of canslim-digest V2 #1166 ****************************** 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.