From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1212 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, March 16 2001 Volume 02 : Number 1212 In this issue: [CANSLIM] BUY-HOLD-WATCH RE: [CANSLIM] investment of time and money Re: [CANSLIM] shorting RE: [CANSLIM] investment of time and money RE: [CANSLIM] shorting [CANSLIM] Earnings Warnings Re: [CANSLIM] Heaven (or Hell, for the sane among us) Re: [CANSLIM] OT: community survey Re: [CANSLIM] OT: community survey Re: [CANSLIM] OT: community survey [CANSLIM] Gaps (non canslim) [CANSLIM] put/call=.97 Re: [CANSLIM] Valueline Arithmetic and Russel 2000 P&F [CANSLIM] Outlook Express Tips RE: [CANSLIM] investment of time and money RE: [CANSLIM] Gaps (non canslim) RE: [CANSLIM] Gaps (non canslim) ---------------------------------------------------------------------- Date: Thu, 15 Mar 2001 20:26:00 EST From: Vanchee1@aol.com Subject: [CANSLIM] BUY-HOLD-WATCH - --part1_ae.121e1d88.27e2c5a8_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit RVWD, small cap, only about 5 mil. Shares out, numbers are nothing to write home about, but it is making new highs. CNTL, bounced off of 50 dma and slowly going back up, would like to see it move above 16.5 to 17 to feel more confident. ICUI, chart looking great, Im expecting this one to continue up for a while. RCII, also looking good, chart speaks for itself. SPCH, another small cap, holding firmly above its 50 dma, Im utilizing my patience a little here. MINI, I like the BO on Mon. and Tues. I'll give this one 2 or 3 weeks to see if it really is for real. KDE, you might be able to say its back to its pivot point of mid Nov. and at its 50 dma. But the upside resistance on this one is enormous, when and if it does have another hot product this one will fly due to its high amount of cash to utilize. MCHM, no numbers here to even mention, chart looks like crap, my play stock, always need one to just play around with. Anyway, they have no dept and enough cash to survive for quite a while. The real story is phase II trials on a new ED medicine was an enormous success, already in final stage for FDA approval. could get an alliance with a large firm or something of that nature which could result in a nice windfall. Anyway just thought I would post my current holding so others can see what this one investor is currently holding, I am not pushing any of these stocks and would never recommend them to anyone. Some are short term plays and others are longer term. I think that on occasion it is good exercise to glance at others holding, watch list or favorite stocks that might have a hint of canslim. Notice I said hint of canslim, as you know by now Im not a pure canslim investor, and that's the way I prefer it. Have a good Friday all, Chris. - --part1_ae.121e1d88.27e2c5a8_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit RVWD, small cap, only about 5 mil. Shares out, numbers are nothing to write
home about, but it is making new highs.

CNTL, bounced off of 50 dma and slowly going back up, would like to see it
move above 16.5 to 17 to feel more confident.

ICUI, chart looking great, Im expecting this one to continue up for a while.

RCII, also looking good, chart speaks for itself.

SPCH, another small cap, holding firmly above its 50 dma, Im utilizing my
patience a little here.

MINI, I like the BO on Mon. and Tues. I'll give this one 2 or 3 weeks to see
if it really is for real.

KDE, you might be able to say its back to its pivot point of mid Nov. and at
its 50 dma. But the upside resistance on this one is enormous, when and if it
does have another hot product this one will fly due to its high amount of
cash to utilize.

MCHM, no numbers here to even mention, chart looks like crap, my play stock,
always need one to just play around with. Anyway, they have no dept and
enough cash to survive for quite a while. The real story is phase II trials
on a new ED medicine was an enormous success, already in final stage for FDA
approval. could get an alliance with a large firm or something of that nature
which could result in a nice windfall.

Anyway just thought I would post my current holding so others can see what
this one investor is currently holding, I am not pushing any of these stocks
and would never recommend them to anyone. Some are short term plays and
others are longer term. I think that on occasion it is good exercise to
glance at others holding, watch list or favorite stocks that might have a
hint of canslim. Notice I said hint of canslim, as you know by now Im not a
pure canslim investor, and that's the way I prefer it.

Have a good Friday all, Chris.

- --part1_ae.121e1d88.27e2c5a8_boundary-- - - ------------------------------ Date: Thu, 15 Mar 2001 20:39:40 -0500 From: "Rick Parsons" Subject: RE: [CANSLIM] investment of time and money Ann, I have done a lot of aggressive mutual fund investing. There are many CANSLIM principals that cannot be applied to mutual funds. What makes it hard is that you usually cannot know which stocks a fund holds. They may display the top 10 holdings but that information may be outdated. You cannot use volume on breakouts. You cannot place stop losses. You cannot check earnings of the stocks held. And I have never heard of cups and handles with mutual funds. Everyone a different philosophy on how to invest in mutual funds. What I state here is just my philosophy and I am sure lots will disagree. In my humble opinion, investing in mutual funds is much easier than stocks. They are purely momentum plays. Now I am not talking about buy and hold. I use a service call Fasttrack for data and a momentum ranking module called FTools. I simply rank about 1000 mutual funds and pick the top 10 with the highest RSI or other momentum ranking. I then look up each fund and eliminate those with front or back end loads. I eliminate any precious metal, income, bond or money market funds. Then I buy them and hold them until they fall out of favor then find the next hottest fund. It takes a lot less time and effort compared to CANSLIM. This does not work well in a bear market, to be honest. Rick - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Hollingworth Sent: Thursday, March 15, 2001 4:47 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] investment of time and money Thanks, Norman. (I think it's dilemma. A word appropriate for all of us right now!) On another topic, is it possible to apply the CANSLIM principles to mutual funds? Has anyone heard of J.W. Dicks' Profitline Strategy? He uses mostly moving averages, which I guess isn't really CANSLIM. Ann - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman Sent: Wednesday, March 14, 2001 11:06 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] investment of time and money Ann, Sorry to hear that. IBD has some interesting reading; but I understand the family delimma - good choice!! I use www.clearstation.com. You can set up portfolios and graph in bulk. Use Tom's list; I have found that it compares favorably with the Weekend Review in IBD. Does your local library carry IBD? If so you could go on the weekend and copy the tickers for the Weekend Review stocks and chart them on one of the free sites that would be good. Alas, I don't think there is a quick way to thoroughly screen for stocks. Norman Boyd (anyone know how to spell delimma?) - ----- Original Message ----- From: "Ann Hollingworth" To: "CANSLIM Listserv" Sent: Wednesday, March 14, 2001 3:33 PM Subject: [CANSLIM] investment of time and money > Unfortunately I have to end my sub*****tion to IBD because of money and the > time I am spending on Canslim (family issue). It's a tough move for me to > make, especially right now. Does anyone have any suggestions about alternate > ways to study CANSLIM--maybe screens? Ways that are less time-consuming. > Must put my son and husband and second job first. > > Ann > > > - > > > - - - - - - ------------------------------ Date: Thu, 15 Mar 2001 20:44:11 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] shorting Ann, Filling the gap means that the stock will relapse, during its trend-up, and consolidate to the beginning of the gap. When the stock gaps down it is suppose to do the opposite: Rise and consolidate so that the down-gap is plugged. I suppose one can look at the volume (volume is less on the reaction) to determine if the trend is over and the stock is just consolidating. Whether or not "filling the gap" occurs often enough so as to be reliable I'm not certain. I've read that many commentators say that a gap will be filled ( for example, I believe Tom did); however, I remember reading-a while ago- from a stock guru I respected that many gaps aren't filled (unfortunately I forget who said it, and under what circumstances he said it). However, I'll give you my analysis for what its worth: To me breakaway gaps are not filled. The only ones, at least this makes sense to me, that are filled are exhaustion gaps, ie. gaps which portend that the trend is running out of steam-at least for the time being. The magazine "Technical Analysis of Stocks and Commodities" in their Sept. 2000 issue has an article on gaps, called "What You Need To Know About Gaps". I'd send it, but I don't have a scanner. Also, I'm sorry to hear about your not being able to renew your IBD subscription. Tom had a good idea about buying Friday's issue (the issue that is the most significant), and going to the library to check out the other issues. These are the main sites that I use to troll for stocks: http://members.aol.com/Randord/ (Tim gave me the URL for this site) I also use htpp://www.ianforum.com/markets.html I use to use BigCharts.com for graphing, but I like stockcharts.com better. Unfortunately, neither (and no free charting service that I know of) provides the capacity for the user to draw trendlines). jans - - ------------------------------ Date: Thu, 15 Mar 2001 20:49:18 -0500 From: "Ann Hollingworth" Subject: RE: [CANSLIM] investment of time and money Rick, Thanks for this detailed answer. There really is no quick and easy way to invest CANSLIM, I see. Or one of you would have figured it out by now!! I so appreciate the wisdom and sharing on this list. I just wish I could pay it back! Ann - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Rick Parsons Sent: Thursday, March 15, 2001 8:40 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] investment of time and money Ann, I have done a lot of aggressive mutual fund investing. There are many CANSLIM principals that cannot be applied to mutual funds. What makes it hard is that you usually cannot know which stocks a fund holds. They may display the top 10 holdings but that information may be outdated. You cannot use volume on breakouts. You cannot place stop losses. You cannot check earnings of the stocks held. And I have never heard of cups and handles with mutual funds. Everyone a different philosophy on how to invest in mutual funds. What I state here is just my philosophy and I am sure lots will disagree. In my humble opinion, investing in mutual funds is much easier than stocks. They are purely momentum plays. Now I am not talking about buy and hold. I use a service call Fasttrack for data and a momentum ranking module called FTools. I simply rank about 1000 mutual funds and pick the top 10 with the highest RSI or other momentum ranking. I then look up each fund and eliminate those with front or back end loads. I eliminate any precious metal, income, bond or money market funds. Then I buy them and hold them until they fall out of favor then find the next hottest fund. It takes a lot less time and effort compared to CANSLIM. This does not work well in a bear market, to be honest. Rick - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Hollingworth Sent: Thursday, March 15, 2001 4:47 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] investment of time and money Thanks, Norman. (I think it's dilemma. A word appropriate for all of us right now!) On another topic, is it possible to apply the CANSLIM principles to mutual funds? Has anyone heard of J.W. Dicks' Profitline Strategy? He uses mostly moving averages, which I guess isn't really CANSLIM. Ann - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman Sent: Wednesday, March 14, 2001 11:06 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] investment of time and money Ann, Sorry to hear that. IBD has some interesting reading; but I understand the family delimma - good choice!! I use www.clearstation.com. You can set up portfolios and graph in bulk. Use Tom's list; I have found that it compares favorably with the Weekend Review in IBD. Does your local library carry IBD? If so you could go on the weekend and copy the tickers for the Weekend Review stocks and chart them on one of the free sites that would be good. Alas, I don't think there is a quick way to thoroughly screen for stocks. Norman Boyd (anyone know how to spell delimma?) - ----- Original Message ----- From: "Ann Hollingworth" To: "CANSLIM Listserv" Sent: Wednesday, March 14, 2001 3:33 PM Subject: [CANSLIM] investment of time and money > Unfortunately I have to end my sub*****tion to IBD because of money and the > time I am spending on Canslim (family issue). It's a tough move for me to > make, especially right now. Does anyone have any suggestions about alternate > ways to study CANSLIM--maybe screens? Ways that are less time-consuming. > Must put my son and husband and second job first. > > Ann > > > - > > > - - - - - - - - ------------------------------ Date: Thu, 15 Mar 2001 20:52:00 -0500 From: "Ann Hollingworth" Subject: RE: [CANSLIM] shorting Jans, Thanks! More detailed sharing. This is great. Ann - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Spencer48@aol.com Sent: Thursday, March 15, 2001 8:44 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] shorting Ann, Filling the gap means that the stock will relapse, during its trend-up, and consolidate to the beginning of the gap. When the stock gaps down it is suppose to do the opposite: Rise and consolidate so that the down-gap is plugged. I suppose one can look at the volume (volume is less on the reaction) to determine if the trend is over and the stock is just consolidating. Whether or not "filling the gap" occurs often enough so as to be reliable I'm not certain. I've read that many commentators say that a gap will be filled ( for example, I believe Tom did); however, I remember reading-a while ago- from a stock guru I respected that many gaps aren't filled (unfortunately I forget who said it, and under what circumstances he said it). However, I'll give you my analysis for what its worth: To me breakaway gaps are not filled. The only ones, at least this makes sense to me, that are filled are exhaustion gaps, ie. gaps which portend that the trend is running out of steam-at least for the time being. The magazine "Technical Analysis of Stocks and Commodities" in their Sept. 2000 issue has an article on gaps, called "What You Need To Know About Gaps". I'd send it, but I don't have a scanner. Also, I'm sorry to hear about your not being able to renew your IBD subscription. Tom had a good idea about buying Friday's issue (the issue that is the most significant), and going to the library to check out the other issues. These are the main sites that I use to troll for stocks: http://members.aol.com/Randord/ (Tim gave me the URL for this site) I also use htpp://www.ianforum.com/markets.html I use to use BigCharts.com for graphing, but I like stockcharts.com better. Unfortunately, neither (and no free charting service that I know of) provides the capacity for the user to draw trendlines). jans - - - - ------------------------------ Date: Thu, 15 Mar 2001 22:40:32 -0500 From: "Tom Worley" Subject: [CANSLIM] Earnings Warnings This is a multi-part message in MIME format. - ------=_NextPart_000_00B6_01C0ADA0.F1FF8000 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable My unscientific survey (from one report I get) is that of the 16 = companies warning of earnings or revenues shortfall, 7 closed up, 8 = closed down, and 1 was unchanged. INTU was the big (and only big) = loser), shedding over a third of its value. They warned on revenues. Wonder if it has anything to do with TurboTax being available for free = use on a number of sites (I can get it at both my brokerage and my 401K = site)?? Course, I don't know if those sites got it for free, which would = account for a drop in revenues, or if they make a payment for usage, = which would drop revenues but up income as there would be less cost for = INTU. Will be interesting to check the profit margins for Q3 (ending = April). Tom Worley stkguru@netside.net ICQ # 5568838 - ------=_NextPart_000_00B6_01C0ADA0.F1FF8000 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

My unscientific survey (from one report I get) is = that of the=20 16 companies warning of earnings or revenues shortfall, 7 closed up, 8 = closed=20 down, and 1 was unchanged. INTU was the big (and only big) loser), = shedding over=20 a third of its value. They warned on revenues.

Wonder if it has anything to do with TurboTax being = available=20 for free use on a number of sites (I can get it at both my brokerage and = my 401K=20 site)?? Course, I don't know if those sites got it for free, which would = account=20 for a drop in revenues, or if they make a payment for usage, which would = drop=20 revenues but up income as there would be less cost for INTU. Will = be=20 interesting to check the profit margins for Q3 (ending = April).

Tom Worley
stkguru@netside.net
ICQ #=20 5568838

- ------=_NextPart_000_00B6_01C0ADA0.F1FF8000-- - - ------------------------------ Date: Thu, 15 Mar 2001 22:40:18 -0500 From: "Robert McGill" Subject: Re: [CANSLIM] Heaven (or Hell, for the sane among us) Tim-For the sake of everyone especially us new investors, please voice your concerns. I don't need to lose any more money.Bob - ----- Original Message ----- From: "Tim Fisher" To: Sent: Wednesday, March 14, 2001 5:57 PM Subject: Re: [CANSLIM] Heaven (or Hell, for the sane among us) > I have been nice and keeping my mouth shut (relatively speaking) lately, > but advocating buying anything right now is so totally un-CANSLIM that I > just have to say, why would anyone in their right mind even be looking to > buy right now? I see failed breakouts all over the place, in fact not one > stock on my watch list, which includes lots of non-80/80/80 stocks, is > holding up this week. Including RCII, which is retreating back into its base. > > To advocate buying anything in this bloodbath is both asinine and > irresponsible, IMHO. I say this not for the veterans of this list, who I > would hope know better than to pay attention to this kind of drivel, but > for the large crop of people who have apparently just started paying > attention since the digest version was dropped: Don't do it. Watch, learn, > and wait. The time will come to buy CANSLIM stocks. That time is not now. > > On 02:26 PM 3/14/01, Vanchee1@aol.com Said: > >Many stocks still making new highs, RCII, ICUI, and many others holding up > >very well, no better time to be fully invested (long) than now. Just stay > >away from tech stocks for the next few quarters and buy the leaders as they > >appear and sell them as they fade. > > > >Chris > > > >- > > 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, 15 Mar 2001 21:20:37 -0700 From: esetser Subject: Re: [CANSLIM] OT: community survey At 04:10 PM 3/15/01 -0800, you wrote: >I am a member of canslim and a student at Ccalifornia tate University, >Northridge and I'mam sending out this survey as part of a research >project. I would appreciate any and all responses. If you have questions, >you may contact my professor Dr Anita Blanchard at >Anita.Blanchard@csun.edu, (818) 677-4623. Her web page is >http://www.csun.edu/~ab54690. > >*********** >Greetings members of canslim: > >As part of a class on virtual communities at California State University >Northridge, we are conducting a survey of several different types of >listservs. As listservs become more popular, there is a growing need to >understand them. We would like to ask for your help in answering the >following questions about participating in this listserv group. Your >assistance will greatly benefit the current scientific knowledge about >participation in listservs. Any information that is collected in this >study will remain confidential. We expect that the cumulative results >of this study will be published. However, the identity of subjects or >the listserv will not be made known. > >The 20 questions in this survey should take less than 5 minutes for you >to fill out. To fill out this survey, please reply privately to above >email address and include the survey in your reply. Please do not reply >to the entire list. To answer a question, please put an X in the space >by the response you've chosen. > >If you have any questions, please email Anita Blanchard, Ph.D. at >Anita.Blanchard@csun.edu or call (818) 677-4623. > >Thank you very much for answering these questions! > >First, we'd like to ask you some questions about YOUR MEMBERSHIP IN THIS >LISTSERV. > >1. I think this listserv is a good one for me to be a member of. > >Strongly Disagree_____ >Disagree______ >Slightly Disagree_____ >Slightly Agree_____ >Agree______ >Strongly Agree__X___ > >2. Members of this listserv do not share the same values. > >Strongly Disagree_____ >Disagree______ >Slightly Disagree_X____ >Slightly Agree_____ >Agree______ >Strongly Agree_____ > >3. Other members and I want the same thing from this listserv. > >Strongly Disagree_____ >Disagree______ >Slightly Disagree_____ >Slightly Agree_____ >Agree__X____ >Strongly Agree_____ > >4. I can recognize most of the names on this listserv. > >Strongly Disagree_____ >Disagree______ >Slightly Disagree_____ >Slightly Agree__X___ >Agree______ >Strongly Agree_____ > >5. I feel at home in this listserv. > >Strongly Disagree_____ >Disagree______ >Slightly Disagree_____ >Slightly Agree_____ >Agree___X___ >Strongly Agree_____ > >6. Very few other members of this listserv know me. > >Strongly Disagree_____ >Disagree__X____ >Slightly Disagree_____ >Slightly Agree_____ >Agree______ >Strongly Agree_____ > >7. I care about what other members of this listserv think of my >actions. > >Strongly Disagree_____ >Disagree______ >Slightly Disagree_____ >Slightly Agree_____ >Agree__X____ >Strongly Agree_____ > >8. I have no influence over what this listserv is like. > >Strongly Disagree_X____ >Disagree______ >Slightly Disagree_____ >Slightly Agree_____ >Agree______ >Strongly Agree_____ > >9. If there is a problem on this listserv, there are members here who >can solve it. > >Strongly Disagree_____ >Disagree______ >Slightly Disagree_____ >Slightly Agree_____ >Agree___X___ >Strongly Agree_____ > >10. It is very important to me to be a member of this listserv. > >Strongly Disagree_____ >Disagree______ >Slightly Disagree_____ >Slightly Agree__X___ >Agree______ >Strongly Agree_____ > >11. Members of this listserv generally don't get along with each other. > >Strongly Disagree_X____ >Disagree______ >Slightly Disagree_____ >Slightly Agree_____ >Agree______ >Strongly Agree_____ > >12. I expect to stay in this listserv for a long time. > >Strongly Disagree_____ >Disagree______ >Slightly Disagree_____ >Slightly Agree_____ >Agree___X___ >Strongly Agree_____ > >Now, we'd like to ask you some questions about your participation on >this listserv. > >13. How long have you been a member of this listserv? > >Less than one month_____ >One to 6 months______ >6 to 12 months_______ >1 to 2 years__X_____ >Greater than 2 years_____ >Don't know_______ > >14. How many messages per week do you usually RECEIVE from this >listserv? > >0 _____ >1-2_____ >3-5_____ >6-10____ >11-20____ >21-50____ >51+__X____ > >15. How many messages per week do you usually READ from this listserv? > >0 _____ >1-2_____ >3-5_____ >6-10____ >11-20____ >21-50____ >51+__X____ > >16. How many messages per week do you usually SEND to this listserv? > >0 _____ >1-2_____ >3-5_____ >6-10_X___ >11-20____ >21-50____ >51+______ > >17. During the time you have been a member, how often have you PUBLICLY >EMAILED members of this listserv? > >Never_____ >Rarely_____ >Occasionally___ >Quite Often__X___ > >18. During the time you have been a member, how often have you >PRIVATELY EMAILED members of this listserv? > >Never_____ >Rarely_____ >Occasionally_X___ >Quite Often_____ > >19. How often do members post CONVERSATIONAL messages on this listserv? > >Never_____ >Rarely_____ >Occasionally_X___ >Quite Often_____ > >20. How often do members post INFORMATIONAL messages on this listserv? > >Never_____ >Rarely_____ >Occasionally____ >Quite Often__X___ > >Is there anything we haven't asked you that you think is important for >us to know about this listserv? > > > >Thank you very much for your help! > > > > > > > > >- > > > - - ------------------------------ Date: Thu, 15 Mar 2001 22:26:18 -0600 From: "The Curry's" Subject: Re: [CANSLIM] OT: community survey Guys, the survey is supposed to go to back to Jennifer's e-mail address, not the message board. - - ------------------------------ Date: Thu, 15 Mar 2001 23:29:14 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] OT: community survey Thanks, I've been trying to keep my fingers off the keyboard to say the same thing. Easiest way is to click on Forward, rather than the usual Reply. Then you should see Jennifer's address in the forwarded portion, and can just mark and paste it into the To line. Real simple, at least with Mr. Softie's stuff. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: The Curry's To: Sent: Thursday, March 15, 2001 11:26 PM Subject: Re: [CANSLIM] OT: community survey Guys, the survey is supposed to go to back to Jennifer's e-mail address, not the message board. - - - - ------------------------------ Date: Thu, 15 Mar 2001 22:35:32 -0700 From: "Patrick Wahl" Subject: [CANSLIM] Gaps (non canslim) Since this has been kicked around a little bit, I thought I would thow out a few numbers I got from doing some very rough testing of gaps. This isn't really conclusive yet, but might be helpful. I wrote a program to do some rudimentary backtesting. The test is to sell short if a stock gaps down, then exit after a given number of days, no stops. I tried a few variables, such as the size of a gap (as some number of points, not a percent of stock price, which would be the more consistent way to do it. I said it was rough.) and the number of days to remain in the trade. I did this on about 17 stocks with several years of data each. With no limit on the size of the gap, this is generally a losing trade, with an average loss of $130/trade on 300 or so trades. When I changed the gap size to be > than one point, the trade becomes marginally profitable. Greater than 3 points and it averaged several hundred dollars per trade and up, although this is over many fewer trades. There were 300 plus trades on gaps of any size, only 14 if the gap size is restricted to 3 points or more. I also varied the number of days the trade is held. Profitability increased the longer the trade was held, from $50 per trade (based on $10,000 worth of stock) at 5 days, up to $490 at 10 days, $690 at 30 days, $1000 at 40 days. Of course, this is on a small sample size, but looks like it is worth further research for anyone so inclined. - - ------------------------------ Date: Fri, 16 Mar 2001 03:56:23 -0500 From: "Robert McGill" Subject: [CANSLIM] put/call=.97 The highest I've seen. - - ------------------------------ Date: Fri, 16 Mar 2001 10:55:34 +0100 From: "Makara, Tamas" Subject: Re: [CANSLIM] Valueline Arithmetic and Russel 2000 P&F Dan, you probably know that the Value Line Arithmetic has an upward bias. However, this bias is so important that mathematically it is possible that this index is up over a period while ALL it's components are down over the same period. So this index may not be appropriate to gauge longer term trends. (A higher high or a higher low is meaningless, a lower low is a sure sign of downtrend but will get this signal too late. Short term (couple of weeks) this bias may not be so important.) Tamas Dan wrote: > Of all the indices, the Valueline Arithmetic does not look all that > peckish. > > Indices that I have charts on: > > Distinctive downtrend More or less > flat Distinctive up > > Airlines > Bank Dow > Utilities > Biotech Forest (just dropped > below 200dma > Brokerage Healthcare Payors > Disk Drives Natural Gas (recently came > off DT) > High Tech Oil & Gas (?) > Insurance Retail ( rolled over > recently) > Internet > Networking > Russell 2000 > S&P 600 > Semiconductor > > -- > Dan > > http://www.globexplorer.com/cfviewer/start.cfm > > http://www.corazon.org/ > > ------------------------------------------------------------------------ > [Image] [Image] - - ------------------------------ Date: Fri, 16 Mar 2001 07:17:11 -0600 From: "Norman" Subject: [CANSLIM] Outlook Express Tips All, I should have posted this back when so many were having trouble filtering this listserv submissions to a separate folder. Anyway, if you use Outlook Express this site has a few tips in a brief, easy to read format. http://www.help.com/cat/3/325/612/ht/?tag=dd.hp.outlook-express-text-5554.tx t.ht Norman Boyd - - ------------------------------ Date: Fri, 16 Mar 2001 09:03:14 -0500 From: "Rick Parsons" Subject: RE: [CANSLIM] investment of time and money You are paying a lot of us back and you don't even know it! When you ask questions, I bet there are a lot of lurkers on this board who have the same questions and are learning from the answers. We all started out as beginners.... Rick - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Hollingworth Sent: Thursday, March 15, 2001 8:49 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] investment of time and money Rick, Thanks for this detailed answer. There really is no quick and easy way to invest CANSLIM, I see. Or one of you would have figured it out by now!! I so appreciate the wisdom and sharing on this list. I just wish I could pay it back! Ann - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Rick Parsons Sent: Thursday, March 15, 2001 8:40 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] investment of time and money Ann, I have done a lot of aggressive mutual fund investing. There are many CANSLIM principals that cannot be applied to mutual funds. What makes it hard is that you usually cannot know which stocks a fund holds. They may display the top 10 holdings but that information may be outdated. You cannot use volume on breakouts. You cannot place stop losses. You cannot check earnings of the stocks held. And I have never heard of cups and handles with mutual funds. Everyone a different philosophy on how to invest in mutual funds. What I state here is just my philosophy and I am sure lots will disagree. In my humble opinion, investing in mutual funds is much easier than stocks. They are purely momentum plays. Now I am not talking about buy and hold. I use a service call Fasttrack for data and a momentum ranking module called FTools. I simply rank about 1000 mutual funds and pick the top 10 with the highest RSI or other momentum ranking. I then look up each fund and eliminate those with front or back end loads. I eliminate any precious metal, income, bond or money market funds. Then I buy them and hold them until they fall out of favor then find the next hottest fund. It takes a lot less time and effort compared to CANSLIM. This does not work well in a bear market, to be honest. Rick - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ann Hollingworth Sent: Thursday, March 15, 2001 4:47 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] investment of time and money Thanks, Norman. (I think it's dilemma. A word appropriate for all of us right now!) On another topic, is it possible to apply the CANSLIM principles to mutual funds? Has anyone heard of J.W. Dicks' Profitline Strategy? He uses mostly moving averages, which I guess isn't really CANSLIM. Ann - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman Sent: Wednesday, March 14, 2001 11:06 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] investment of time and money Ann, Sorry to hear that. IBD has some interesting reading; but I understand the family delimma - good choice!! I use www.clearstation.com. You can set up portfolios and graph in bulk. Use Tom's list; I have found that it compares favorably with the Weekend Review in IBD. Does your local library carry IBD? If so you could go on the weekend and copy the tickers for the Weekend Review stocks and chart them on one of the free sites that would be good. Alas, I don't think there is a quick way to thoroughly screen for stocks. Norman Boyd (anyone know how to spell delimma?) - ----- Original Message ----- From: "Ann Hollingworth" To: "CANSLIM Listserv" Sent: Wednesday, March 14, 2001 3:33 PM Subject: [CANSLIM] investment of time and money > Unfortunately I have to end my sub*****tion to IBD because of money and the > time I am spending on Canslim (family issue). It's a tough move for me to > make, especially right now. Does anyone have any suggestions about alternate > ways to study CANSLIM--maybe screens? Ways that are less time-consuming. > Must put my son and husband and second job first. > > Ann > > > - > > > - - - - - - - - - - ------------------------------ Date: Fri, 16 Mar 2001 09:08:59 -0500 From: "Rick Parsons" Subject: RE: [CANSLIM] Gaps (non canslim) What software package do you use to backtest? Metastock, Tradestation or other? Rick - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Wahl Sent: Friday, March 16, 2001 12:36 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Gaps (non canslim) Since this has been kicked around a little bit, I thought I would thow out a few numbers I got from doing some very rough testing of gaps. This isn't really conclusive yet, but might be helpful. I wrote a program to do some rudimentary backtesting. The test is to sell short if a stock gaps down, then exit after a given number of days, no stops. I tried a few variables, such as the size of a gap (as some number of points, not a percent of stock price, which would be the more consistent way to do it. I said it was rough.) and the number of days to remain in the trade. I did this on about 17 stocks with several years of data each. With no limit on the size of the gap, this is generally a losing trade, with an average loss of $130/trade on 300 or so trades. When I changed the gap size to be > than one point, the trade becomes marginally profitable. Greater than 3 points and it averaged several hundred dollars per trade and up, although this is over many fewer trades. There were 300 plus trades on gaps of any size, only 14 if the gap size is restricted to 3 points or more. I also varied the number of days the trade is held. Profitability increased the longer the trade was held, from $50 per trade (based on $10,000 worth of stock) at 5 days, up to $490 at 10 days, $690 at 30 days, $1000 at 40 days. Of course, this is on a small sample size, but looks like it is worth further research for anyone so inclined. - - - - ------------------------------ Date: Fri, 16 Mar 2001 08:55:44 -0700 From: "Patrick Wahl" Subject: RE: [CANSLIM] Gaps (non canslim) I wrote my own program. I do have the packages you mention, but they only allow you to test one item at a time, so I wrote a program to test a few ideas I had (or got from books) over a larger number of stocks at a single pass. On 16 Mar 01, at 9:08, Rick Parsons wrote: > What software package do you use to backtest? Metastock, Tradestation or > other? > > Rick > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Wahl > Sent: Friday, March 16, 2001 12:36 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Gaps (non canslim) > > > Since this has been kicked around a little bit, I thought I would > thow out a few numbers I got from doing some very rough testing of > gaps. This isn't really conclusive yet, but might be helpful. > > I wrote a program to do some rudimentary backtesting. The test is > to sell short if a stock gaps down, then exit after a given number of > days, no stops. I tried a few variables, such as the size of a gap > (as some number of points, not a percent of stock price, which > would be the more consistent way to do it. I said it was rough.) > and the number of days to remain in the trade. > > I did this on about 17 stocks with several years of data each. With > no limit on the size of the gap, this is generally a losing trade, with > an average loss of $130/trade on 300 or so trades. When I > changed the gap size to be > than one point, the trade becomes > marginally profitable. Greater than 3 points and it averaged several > hundred dollars per trade and up, although this is over many fewer > trades. There were 300 plus trades on gaps of any size, only 14 if > the gap size is restricted to 3 points or more. I also varied the > number of days the trade is held. Profitability increased the longer > the trade was held, from $50 per trade (based on $10,000 worth of > stock) at 5 days, up to $490 at 10 days, $690 at 30 days, $1000 at > 40 days. > > Of course, this is on a small sample size, but looks like it is worth > further research for anyone so inclined. > > - > > > - > - - ------------------------------ End of canslim-digest V2 #1212 ****************************** 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.