From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1235 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, March 28 2001 Volume 02 : Number 1235 In this issue: [CANSLIM] Tax question (slightly off topic) Re: [CANSLIM] CPN [CANSLIM] time to look out ALLY Re: [CANSLIM] SHFL Re: [CANSLIM] Brain teaser? Re: [CANSLIM] SHFL Re: [CANSLIM] Follow through day (and "M") Re: [CANSLIM] Brain teaser? [CANSLIM] Volume question [CANSLIM] Weird Things Afoot RE: [CANSLIM] Weird Things Afoot RE: [CANSLIM] Folio Fn Investments Re: [CANSLIM] Volume question Re: [CANSLIM] Weird Things Afoot ---------------------------------------------------------------------- Date: Tue, 27 Mar 2001 22:48:54 -0700 From: "Patrick Wahl" Subject: [CANSLIM] Tax question (slightly off topic) I was recently doing my taxes and was curious as to what the day traders have to do regarding recording their trades. They can't possibly list every trade on a stack of Schedule D forms. Anyone know how that sort of trade activity is reported to the IRS? Along these lines, looking at all of my trades on the Schedule D was a horrifying experience, so I pulled up charts of most of the losers and plotted my buy and sell points. This is an instructive exercise to go through, I used to do it but got away from it. When looking over all my trades this way I could see that I was getting careless with my buy points, and many, not all, of the losers were due to sloppy chart interpretation (some trades just don't work out). The point is that tracking all of your trades is a good habit to pick up, can be very educational - - ------------------------------ Date: Wed, 28 Mar 2001 01:59:27 -0800 From: "jsteff" Subject: Re: [CANSLIM] CPN Thanks for all interpretations on CPN chart. This is a great group of investors and as always, I will continue to learn from everyones comments. Steff - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: Tuesday, March 27, 2001 5:08 PM Subject: Re: [CANSLIM] CPN >This one falls into the "Energy-Other" which has a GRS of 76 (B). >Probably because of the geothermal side of it. > >Keep in mind that funds already own a bunch of it (43% of the >float) and debt is huge (132%). The debt is not uncommon for >utilities, and falling interest rates combined with its rapid >earnings growth will help it in the debt marketplace. > >I would agree with Tim's call as a double bottom. I don't like >the volume remaining average instead of drying up the past >several weeks. > >Tom Worley >stkguru@netside.net >ICQ # 5568838 > > >----- Original Message ----- >From: Tim Fisher >To: >Sent: Tuesday, March 27, 2001 4:50 PM >Subject: Re: [CANSLIM] CPN > > >Looks more like a dbl bottom to me, left side last Oct, sitting >on the >pivot right now. Nice vol dry-up during the "handle" except for >the two >failed b/o attempts. It dropped off my watch list a few months >back, I >would guess the reason was that the GRS of electric power is in >the toilet. >Dunno which group they are in, but util-elec GRS is 55 and >util-gas is 50. >Yech. > >On 12:55 PM 3/30/01, Stephanie Chicko Said: >>Hi Everyone, >>I am one of those lurkers but do have a question about CPN. It >seems to >>me the chart is or has shown a cup. I thought for the past week >it was >>beginning to build its handle. But now I am not sure. Would >you please >>look at the chart and give me your opinions? Thanks >>Steff > > >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > > >- > > > >- > - - ------------------------------ Date: Tue, 27 Mar 2001 23:00:12 -0800 (PST) From: Kent Norman Subject: [CANSLIM] time to look out ALLY ALLY is at the 1.5 x 50 day moving average and $2 over the 2x 200 day average. It will probably get hit hard now. Regards Kent Norman __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.com/?.refer=text - - ------------------------------ Date: Tue, 27 Mar 2001 23:12:56 -0800 (PST) From: Kent Norman Subject: Re: [CANSLIM] SHFL You have about 11% meat left on the bone for SHFL. 1.5x 50 day moving average is $29.25 2x 200 day moving average is $29.60 Closed at $26.25 Regards Kent Norman - --- Perry Stanfield wrote: > Have you formed an exit strategy yet? > > Perry > > > ----- Original Message ----- > From: "Dave Massaglia" > To: > Sent: Tuesday, March 27, 2001 1:00 PM > Subject: [CANSLIM] SHFL > > > > Boy I wish I had some real technical indicators I > could give you for > picking > > SHFL, but here are the reasons: > > > > I read WON's book last Jan/Feb, researched the > internet for related > websites > > to learn about CANSLIM.... > > > > I then discovered stocktables.com. I saw that this > stock had a high RS and > > EPS number as well as was low in price (around $8 > at the time). > > > > In addition, the stock was listed on this board a > couple of times as a > > potential stock to look at.. > > > > So I made the plunge. And I've been fortunate. > > > > Thanks for letting me hover over everyone's > shoulders here...learning a > > lot... > > > > > > > > > > > >Congrats on picking a fast winner, and in a most > difficult > > >market. How about some comments on what led you > to buy this one, > > >and why then. > > > > > >Perry's suggestion is one you should have already > implemented, > > >that of a 15% trailing stop on at least half the > position. One of > > >my personal rules that I almost never violate is > to sell half a > > >position, minimum, maybe the whole thing, once I > see ANY weakness > > >after getting a double or better. You get your > capital back, > > >maybe even lock in a guaranteed profit, and can > still own half to > > >play with. > > > > > >Today's volume and price spike may be a blowoff > top, more likely > > >a reaction to the whole group moving up. Did some > wirehouse > > >upgrade a bunch of stocks in the group today?? I > haven't seen any > > >mention of that, but that is what it looks like. > If so, I give it > > >at best another day or two to settle back down. > > > > > >This stock has shown some, but not enough, > characteristics of a > > >LLUR. In particular I note the drop thru the 50 > DMA down to the > > >200. > > > > > >I also note that 1.5X the current 50 DMA and 2.0X > the 200 DMA > > >both give a target of 28, and you're almost there > now with > > >today's spike. Don't be greedy. Bulls and Bears > make money, pigs > > >get slaughtered. > > > > > >Tom Worley > > >stkguru@netside.net > > >ICQ # 5568838 > > > > > > > > >----- Original Message ----- > > >From: Perry Stanfield > > >To: > > >Sent: Monday, March 26, 2001 5:09 PM > > >Subject: Re: [CANSLIM] SHFL > > > > > > > > >Tom I'm not..........not even close......but what > about the idea > > >of a > > >trailing stop of about 14% below its close today, > and tighten it > > >up if > > >volume starts shrinking? > > > > > >Perry > > > > > > > > > > > > > > >----- Original Message ----- > > >From: "Dave Massaglia" > > >To: > > >Sent: Monday, March 26, 2001 1:50 PM > > >Subject: [CANSLIM] SHFL > > > > > > > > > > SHFL is moving nicely lately again too. > > > > > > > > Tom W, can you help me with a good exit > strategy with this one. > > >I bought > > > > this stock at 8 last February...It climbed > over 26 today..... > > > > > > > > Thanks, > > > > > > > > Dave > > > > > > > > > > > > > > > > > > > > > >Check out SRCL and our old friend SLOT today. > Breaking out > > >from decent > > > > >charts on heavy vol. No, I'm not buying > today. > > > > > > > > > >Tim Fisher > > > > >Ore-Rock-On and Pacific Fishery Biologists > WWW Sites > > > > > > > > > >Tim@OreRockOn.com > > > > >WWW: http://OreRockOn.com > > > > >See naked fish and rocks! > > > > > > > > > > > > > > >- > > > > > > > > > > > > > > > > >_________________________________________________________________ > > > > Get your FREE download of MSN Explorer at > > >http://explorer.msn.com > > > > > > > > > > > > - > > > > > > > > > > > > >- > > > > > > > > > > > >- > > > > > > > > _________________________________________________________________ > > Get your FREE download of MSN Explorer at > http://explorer.msn.com > > > > > > - > > > > > - > __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.com/?.refer=text - - ------------------------------ Date: Tue, 27 Mar 2001 23:15:38 -0800 (PST) From: Kent Norman Subject: Re: [CANSLIM] Brain teaser? Didn't the bond market take a hit that day? I assumed the money was flowing form there. Regards Kent Norman - --- Tom Worley wrote: > Volume was down on virtually every major index on > Monday. Naz was down, but DOW and NYSE Composite and > Russell 2000 were all up. If I am correct that a lot > of sidelined money was parked in the Utilities, then > why was the NYSE Utilities Index up well over 4% on > better than average volume? > > Is money still fleeing the equity market on any kind > of rally? Or is this "rally" already over? > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > > __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.com/?.refer=text - - ------------------------------ Date: Wed, 28 Mar 2001 00:01:33 -0800 From: "Mike Lucero" Subject: Re: [CANSLIM] SHFL That's from Ianforum, right? Does that work pretty well for you? Do you just sell when it hits that level, or do you require that level to be pretty far away when you buy? My system testing wasn't so great with the former, but okay with the latter. Thanks, Mike - ----- Original Message ----- From: "Kent Norman" To: Sent: Tuesday, March 27, 2001 11:12 PM Subject: Re: [CANSLIM] SHFL > You have about 11% meat left on the bone for SHFL. > 1.5x 50 day moving average is $29.25 > 2x 200 day moving average is $29.60 > Closed at $26.25 > > Regards > Kent Norman > > --- Perry Stanfield wrote: > > Have you formed an exit strategy yet? > > > > Perry > > > > > > ----- Original Message ----- > > From: "Dave Massaglia" > > To: > > Sent: Tuesday, March 27, 2001 1:00 PM > > Subject: [CANSLIM] SHFL > > > > > > > Boy I wish I had some real technical indicators I > > could give you for > > picking > > > SHFL, but here are the reasons: > > > > > > I read WON's book last Jan/Feb, researched the > > internet for related > > websites > > > to learn about CANSLIM.... > > > > > > I then discovered stocktables.com. I saw that this > > stock had a high RS and > > > EPS number as well as was low in price (around $8 > > at the time). > > > > > > In addition, the stock was listed on this board a > > couple of times as a > > > potential stock to look at.. > > > > > > So I made the plunge. And I've been fortunate. > > > > > > Thanks for letting me hover over everyone's > > shoulders here...learning a > > > lot... > > > > > > > > > > > > > > > > >Congrats on picking a fast winner, and in a most > > difficult > > > >market. How about some comments on what led you > > to buy this one, > > > >and why then. > > > > > > > >Perry's suggestion is one you should have already > > implemented, > > > >that of a 15% trailing stop on at least half the > > position. One of > > > >my personal rules that I almost never violate is > > to sell half a > > > >position, minimum, maybe the whole thing, once I > > see ANY weakness > > > >after getting a double or better. You get your > > capital back, > > > >maybe even lock in a guaranteed profit, and can > > still own half to > > > >play with. > > > > > > > >Today's volume and price spike may be a blowoff > > top, more likely > > > >a reaction to the whole group moving up. Did some > > wirehouse > > > >upgrade a bunch of stocks in the group today?? I > > haven't seen any > > > >mention of that, but that is what it looks like. > > If so, I give it > > > >at best another day or two to settle back down. > > > > > > > >This stock has shown some, but not enough, > > characteristics of a > > > >LLUR. In particular I note the drop thru the 50 > > DMA down to the > > > >200. > > > > > > > >I also note that 1.5X the current 50 DMA and 2.0X > > the 200 DMA > > > >both give a target of 28, and you're almost there > > now with > > > >today's spike. Don't be greedy. Bulls and Bears > > make money, pigs > > > >get slaughtered. > > > > > > > >Tom Worley > > > >stkguru@netside.net > > > >ICQ # 5568838 > > > > > > > > > > > >----- Original Message ----- > > > >From: Perry Stanfield > > > >To: > > > >Sent: Monday, March 26, 2001 5:09 PM > > > >Subject: Re: [CANSLIM] SHFL > > > > > > > > > > > >Tom I'm not..........not even close......but what > > about the idea > > > >of a > > > >trailing stop of about 14% below its close today, > > and tighten it > > > >up if > > > >volume starts shrinking? > > > > > > > >Perry > > > > > > > > > > > > > > > > > > > >----- Original Message ----- > > > >From: "Dave Massaglia" > > > >To: > > > >Sent: Monday, March 26, 2001 1:50 PM > > > >Subject: [CANSLIM] SHFL > > > > > > > > > > > > > SHFL is moving nicely lately again too. > > > > > > > > > > Tom W, can you help me with a good exit > > strategy with this one. > > > >I bought > > > > > this stock at 8 last February...It climbed > > over 26 today..... > > > > > > > > > > Thanks, > > > > > > > > > > Dave > > > > > > > > > > > > > > > > > > > > > > > > > > >Check out SRCL and our old friend SLOT today. > > Breaking out > > > >from decent > > > > > >charts on heavy vol. No, I'm not buying > > today. > > > > > > > > > > > >Tim Fisher > > > > > >Ore-Rock-On and Pacific Fishery Biologists > > WWW Sites > > > > > > > > > > > >Tim@OreRockOn.com > > > > > >WWW: http://OreRockOn.com > > > > > >See naked fish and rocks! > > > > > > > > > > > > > > > > > >- > > > > > > > > > > > > > > > > > > > > > > >_________________________________________________________________ > > > > > Get your FREE download of MSN Explorer at > > > >http://explorer.msn.com > > > > > > > > > > > > > > > - > > > > > > > > > > > > > > > > >- > > > > > > > > > > > > > > > >- > > > > > > > > > > > > > _________________________________________________________________ > > > Get your FREE download of MSN Explorer at > > http://explorer.msn.com > > > > > > > > > - > > > > > > > > > - > > > > > __________________________________________________ > Do You Yahoo!? > Get email at your own domain with Yahoo! Mail. > http://personal.mail.yahoo.com/?.refer=text > > - > > - - ------------------------------ Date: Wed, 28 Mar 2001 06:49:14 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Follow through day (and "M") Well, it certainly looks right now like we will bet a down opening. Naz futures down nearly 2.5%, S&P500 futures down over 1%. I can't imagine that the warning from Nortel came as much of a surprise to most. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Patrick Wahl To: Sent: Wednesday, March 28, 2001 12:42 AM Subject: Re: [CANSLIM] Follow through day (and "M") On 27 Mar 01, at 20:39, Tom Worley wrote: > I like seeing the indexes closing at or close to their high of > the day, even if futures are down right now, Naz nearly 2% and > S&P500 almost 1%. Some more earnings warnings after the close, Nortel for one, and I think a couple of others. I think Nortel even said they could no longer forecast what would happen for the rest of the year. I think it will be instructive how the market reacts to this news. That is, if it starts weak and rebounds, that will be a pretty good sign. - - - - ------------------------------ Date: Wed, 28 Mar 2001 06:52:39 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Brain teaser? The bond market takes a hit most days that the stock market does well. That money flow is normal and a daily process. I am looking for the excess money that has flowed out of equities over the past months, in particular from growth funds, which would be parked in other equities. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Kent Norman To: Sent: Wednesday, March 28, 2001 2:15 AM Subject: Re: [CANSLIM] Brain teaser? Didn't the bond market take a hit that day? I assumed the money was flowing form there. Regards Kent Norman - --- Tom Worley wrote: > Volume was down on virtually every major index on > Monday. Naz was down, but DOW and NYSE Composite and > Russell 2000 were all up. If I am correct that a lot > of sidelined money was parked in the Utilities, then > why was the NYSE Utilities Index up well over 4% on > better than average volume? > > Is money still fleeing the equity market on any kind > of rally? Or is this "rally" already over? > > Tom Worley > stkguru@netside.net > ICQ # 5568838 > > > __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.com/?.refer=text - - - - ------------------------------ Date: Wed, 28 Mar 2001 06:55:37 -0600 From: "Dave Massaglia" Subject: [CANSLIM] Volume question OK, Tom... Now I get that....But if I'm selling a stock, who buys it? Is it a brokerage that keeps an inventory that has to go out and find a new buyer, or is the stock already lined up with another willing buyer who's going to buy it at a new price? And vice versa, who am I buying the stock from? Is it from the inventory of a brokerage company or from another willing seller.... Sorry to sound so naive, but its difficult to picture what's happening on the other side of "Ameritrade". Thanks...I may have a few more questions like these... Dave > >Up until recently, volume on Nasdaq was considered inflated, as >trades were often double counted when they occurred between two >broker dealers. Rules changed, and now those trades are only >counted twice if the buying broker is buying for inventory. If >they are buying to fill a client order, they are only counted >once. > >As to whether the quantity is shares bought or sold, think about >it a moment. You cannot have a trade without both a buyer and a >seller participating. So the answer to that is - YES. > >I find the best way to appreciate whether shares were bot or sold >is to look at the Volume Weighed Average Price, such as you can >get with a full quote at www.bigcharts.com. You can also display >the information graphically, either using bar graphs to show the >prices where volume occurred, or by a one day chart which will >show the volume throughout the trading day, with the graph >showing the price at the time. If the price was moving up, it's a >safe bet more shares were being bot than sold. If the price trend >is flat, both sides were evenly matched. And if the price trend >is down, then obviously there were more sellers. But by seeing >the volume you can also tell if it was an absence of buyers >letting the price fall, or the heavy hand of sellers. > >Tom Worley >stkguru@netside.net >ICQ # 5568838 > > >----- Original Message ----- >From: Dave Massaglia >To: >Sent: Tuesday, March 27, 2001 11:29 AM >Subject: [CANSLIM] Volume question > > >When a person talks about the volume of shares traded for a >particular >stock, what does that mean? Is that the number of shares sold or >purchased >or both? How do you find out how many shares are purchased vs. >sold? I use >MSN money central to look at volume, but can't figure out what >the number >represents. Can you give me a hand? > > > > >and HOV, SLOT, THQI, > > > >SASOY has had 2 massive days of volume, but little > >price move. > > > >Regards > >Kent Norman > > > >--- Tim Fisher wrote: > > > Hey check out SFD today, apparently the mad cow > > > thing is benefiting pork > > > suppliers. > > > Also another gamer ALLY broke out big-time. > > > > > > Tim Fisher > > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > > > Tim@OreRockOn.com > > > WWW: http://OreRockOn.com > > > See naked fish and rocks! > > > > > > > > > - > > > > > > > > >__________________________________________________ > >Do You Yahoo!? > >Get email at your own domain with Yahoo! Mail. > >http://personal.mail.yahoo.com/?.refer=text > > > >- > > > >_________________________________________________________________ >Get your FREE download of MSN Explorer at http://explorer.msn.com > > >- > > > >- > _________________________________________________________________ Get your FREE download of MSN Explorer at http://explorer.msn.com - - ------------------------------ Date: Wed, 28 Mar 2001 07:57:23 -0500 From: "Tom Worley" Subject: [CANSLIM] Weird Things Afoot This is a multi-part message in MIME format. - ------=_NextPart_000_003C_01C0B75C.B9706900 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Still wading thru my lists of stocks that hit new highs yesterday, but = already seen a diaper company that has nearly doubled in a week, a = mushroom company that spiked over 20% yesterday, and a Guyana telecom = that spiked 18%. All profitable and growing. Really odd mixture so far, = along with a lot of banks. Tom Worley stkguru@netside.net ICQ # 5568838 - ------=_NextPart_000_003C_01C0B75C.B9706900 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Still wading thru my lists of stocks that hit new = highs=20 yesterday, but already seen a diaper company that has nearly doubled in = a week,=20 a mushroom company that spiked over 20% yesterday, and a Guyana telecom = that=20 spiked 18%. All profitable and growing. Really odd mixture so far, along = with a=20 lot of banks.

Tom Worley
stkguru@netside.net
ICQ #=20 5568838
 
 
- ------=_NextPart_000_003C_01C0B75C.B9706900-- - - ------------------------------ Date: Wed, 28 Mar 2001 08:56:46 -0500 From: "Rick Parsons" Subject: RE: [CANSLIM] Weird Things Afoot This is a multi-part message in MIME format. - ------=_NextPart_000_006A_01C0B765.048B6CC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Are most of you seeing an increased number of CANSLIM type stocks = breaking out of basing patterns on higher volume? Rick -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Wednesday, March 28, 2001 7:57 AM To: CANSLIM Subject: [CANSLIM] Weird Things Afoot Still wading thru my lists of stocks that hit new highs yesterday, but = already seen a diaper company that has nearly doubled in a week, a = mushroom company that spiked over 20% yesterday, and a Guyana telecom = that spiked 18%. All profitable and growing. Really odd mixture so far, = along with a lot of banks. Tom Worley stkguru@netside.net ICQ # 5568838 - ------=_NextPart_000_006A_01C0B765.048B6CC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Are most of you seeing an increased number of CANSLIM = type stocks=20 breaking out of basing patterns on higher = volume?
 
Rick
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom=20 Worley
Sent: Wednesday, March 28, 2001 7:57 AM
To: = CANSLIM
Subject: [CANSLIM] Weird Things = Afoot

Still wading thru my lists of stocks that hit new = highs=20 yesterday, but already seen a diaper company that has nearly doubled = in a=20 week, a mushroom company that spiked over 20% yesterday, and a Guyana = telecom=20 that spiked 18%. All profitable and growing. Really odd mixture so = far, along=20 with a lot of banks.

Tom Worley
stkguru@netside.net
ICQ #=20 5568838
 
 
- ------=_NextPart_000_006A_01C0B765.048B6CC0-- - - ------------------------------ Date: Wed, 28 Mar 2001 09:13:05 -0500 From: "Rick Parsons" Subject: RE: [CANSLIM] Folio Fn Investments Perry, "Folios" sound very interesting and I am sure they have many potential uses. However, with no stop losses, and just buying a bunch of stocks with out waiting for a cup and handle breakout on volume, etc would not be pure CANSLIM. However, I am not saying your suggestions won't work. You may want to investigate the Motley Fool's mechanical investing. They have a mechanical system that ranks Value Lines Timeliness = 1 stocks by IBD relative strength and IBD EPS rank. Each month buy the top 3, 5 or 10 ranked stocks, drop those that are no longer on the list. Somehow this seems more suited to use of "Folios". This system did very well when there was a bull market. But of course, it would not work in a bear. Rick - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Perry Stanfield Sent: Wednesday, March 28, 2001 12:16 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Folio Fn Investments Has anyone here been using "Folios" for Cansliming? It seems to me that there might be tremendous potential for using folios as Canslimers. A Folio is a basket of stocks that you pick and invest in. You can have up to 50 stocks in the basket. You can allocate different amounts of money into each stock in the folio; you can sell poor performing stocks and add new ones. You can move all of the equity positions into cash (money market), or back into your folio, in whatever proportions for each stock you wish. Unlimited buying and selling of any stocks they deal. One account allows three folios, each with an attached money market account. Annual fee for one account is $295. Buys and sells are done twice daily. No stops or limit orders. Maybe between the best stocks from Tom's list and other picks, I feel like there are a handful of stocks I like. Rather than picking just one of them and hoping I'm right, why not buy all of the top prospects, let them run, culling the losers and letting the winners run like good Canslimers do? I am seeing that in some of the watchlists I'm seeing in Clearstation.......Most of Tom's picks look good, some really good, a few bad, but a good average........why not just grab em all if the commissions are reasonable? With a big enough account, $295 for an annual fee to do unlimited tinkering seems very cost effective. I myself had 26 trades at Fidelity over the past year, so I know if I could have I would have saved money. It's in my company's IRA, so that's irrelevant. But there are other accounts I could transfer. Three accounts could be transferred into one Folio Account. A penny for your thoughts.....or at least a thanks....... Perry The website for the one I ran into is http://www.foliofn.com . - - - - ------------------------------ Date: Wed, 28 Mar 2001 09:20:03 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Volume question Dave, Say you have your acct at ABC Discount Securities. You place an order to buy Quick Profits Inc. (QPFT) at market. It is currently quoted at 22.625 bid by 22.75 offered. Your firm fills you at 22.75. Frankly, doesn't matter to you if your firm filled your order from their internal inventory if they are a market maker, matched your order to another of their clients that wanted to sell, called another broker dealer and got the shares at less than 22.75, or simply went to whichever firm was then offering shares at 22.75 (or any other firm) and bot them at that price. Same happens when you sell, assuming you also use a market sell. With limits it is a little different. Say QPFT is now trading at 42.375 bid by 42.50 offered (you picked a winner, congrats). You enter a sell limit 42.50. Your firm will either join the offer for your shares, or hand the order off to a firm that is a market maker. If you are watching live quotes and it's not a real active stock, you should see the size on the offer increase as your order is added, assuming it is placed at the firm that is then the low offer. If you had entered a sell limit of 42 7/16, then again that offer must be shown to the market, unless ABC Discount decides to execute it themselves immediately. If they did not do that, and you have live quotes, then you would see the quote change to 42.375 bid by 42.4375 offered. If you have a Level II system, you could also see which firm was making that lowered offer, and see if it was ABC Discounts or someone else. If the size matched your order, then it's likely your shares being offered. Again, it really doesn't matter who buys your shares, point is, you sold for a nice profit. When you get a quote (unless you limit yourself by getting it from Island or some other single system), you see the best (highest) bid and the best (lowest) offer that is known to NASDAQ. If you get a quote on a listed security, you see the best bid and offer known to the floor specialist. The only time it really matters who is on the other side is when you are trading a large volume of shares, and want to know that behind that displayed bid of 42 3/8 (5) (the 5 meaning a bid for 5 round lots, or 500 shares) are four other BDs also bidding 42.375 and each for volume totaling another 4,000 shares. That means that most, if not all, of your sale of 5,000 shares should get done at 42.375 if you sell at market. So if you are trading high volume, then it is worth the cost of getting Level II access so you can see the actual bids (and size) and offers (and size) by every market maker. Bottom line, whether it is a NASDAQ stock (market makers and regional exchanges) or a listed stock on NYSE or AMEX (floor specialists and regional exchanges), they are trying to make money for themselves by providing liquidity to the marketplace so you and I can trade. They have a function, we have a role, and it all works together. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Dave Massaglia To: Sent: Wednesday, March 28, 2001 7:55 AM Subject: [CANSLIM] Volume question OK, Tom... Now I get that....But if I'm selling a stock, who buys it? Is it a brokerage that keeps an inventory that has to go out and find a new buyer, or is the stock already lined up with another willing buyer who's going to buy it at a new price? And vice versa, who am I buying the stock from? Is it from the inventory of a brokerage company or from another willing seller.... Sorry to sound so naive, but its difficult to picture what's happening on the other side of "Ameritrade". Thanks...I may have a few more questions like these... Dave > >Up until recently, volume on Nasdaq was considered inflated, as >trades were often double counted when they occurred between two >broker dealers. Rules changed, and now those trades are only >counted twice if the buying broker is buying for inventory. If >they are buying to fill a client order, they are only counted >once. > >As to whether the quantity is shares bought or sold, think about >it a moment. You cannot have a trade without both a buyer and a >seller participating. So the answer to that is - YES. > >I find the best way to appreciate whether shares were bot or sold >is to look at the Volume Weighed Average Price, such as you can >get with a full quote at www.bigcharts.com. You can also display >the information graphically, either using bar graphs to show the >prices where volume occurred, or by a one day chart which will >show the volume throughout the trading day, with the graph >showing the price at the time. If the price was moving up, it's a >safe bet more shares were being bot than sold. If the price trend >is flat, both sides were evenly matched. And if the price trend >is down, then obviously there were more sellers. But by seeing >the volume you can also tell if it was an absence of buyers >letting the price fall, or the heavy hand of sellers. > >Tom Worley >stkguru@netside.net >ICQ # 5568838 > > >----- Original Message ----- >From: Dave Massaglia >To: >Sent: Tuesday, March 27, 2001 11:29 AM >Subject: [CANSLIM] Volume question > > >When a person talks about the volume of shares traded for a >particular >stock, what does that mean? Is that the number of shares sold or >purchased >or both? How do you find out how many shares are purchased vs. >sold? I use >MSN money central to look at volume, but can't figure out what >the number >represents. Can you give me a hand? > > > > >and HOV, SLOT, THQI, > > > >SASOY has had 2 massive days of volume, but little > >price move. > > > >Regards > >Kent Norman > > > >--- Tim Fisher wrote: > > > Hey check out SFD today, apparently the mad cow > > > thing is benefiting pork > > > suppliers. > > > Also another gamer ALLY broke out big-time. > > > > > > Tim Fisher > > > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > > > > Tim@OreRockOn.com > > > WWW: http://OreRockOn.com > > > See naked fish and rocks! > > > > > > > > > - > > > > > > > > >__________________________________________________ > >Do You Yahoo!? > >Get email at your own domain with Yahoo! Mail. > >http://personal.mail.yahoo.com/?.refer=text > > > >- > > > >________________________________________________________________ _ >Get your FREE download of MSN Explorer at http://explorer.msn.com > > >- > > > >- > _________________________________________________________________ Get your FREE download of MSN Explorer at http://explorer.msn.com - - - - ------------------------------ Date: Wed, 28 Mar 2001 09:20:56 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Weird Things Afoot This is a multi-part message in MIME format. - ------=_NextPart_000_004D_01C0B768.6549EFC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable yes, my watch list is bigger than it's been in several months. Tom Worley stkguru@netside.net ICQ # 5568838 ----- Original Message -----=20 From: Rick Parsons=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, March 28, 2001 8:56 AM Subject: RE: [CANSLIM] Weird Things Afoot Are most of you seeing an increased number of CANSLIM type stocks = breaking out of basing patterns on higher volume? Rick -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Wednesday, March 28, 2001 7:57 AM To: CANSLIM Subject: [CANSLIM] Weird Things Afoot Still wading thru my lists of stocks that hit new highs yesterday, = but already seen a diaper company that has nearly doubled in a week, a = mushroom company that spiked over 20% yesterday, and a Guyana telecom = that spiked 18%. All profitable and growing. Really odd mixture so far, = along with a lot of banks. Tom Worley stkguru@netside.net ICQ # 5568838 =20 - ------=_NextPart_000_004D_01C0B768.6549EFC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
yes, my watch list is bigger than it's been in = several=20 months.

Tom Worley
stkguru@netside.net
ICQ # = 5568838
 
 
----- Original Message -----
From:=20 Rick Parsons
To: canslim@lists.xmission.com =
Sent: Wednesday, March 28, 2001 = 8:56=20 AM
Subject: RE: [CANSLIM] Weird = Things=20 Afoot

Are most of you seeing an increased number of CANSLIM = type=20 stocks breaking out of basing patterns on higher=20 volume?
 
Rick
-----Original Message-----
From: owner-canslim@lists.xmis= sion.com=20 [mailto:owner-canslim@lis= ts.xmission.com]On=20 Behalf Of Tom Worley
Sent: Wednesday, March 28, 2001 = 7:57=20 AM
To: CANSLIM
Subject: [CANSLIM] Weird Things=20 Afoot

Still wading thru my lists of stocks that hit = new highs=20 yesterday, but already seen a diaper company that has nearly doubled = in a=20 week, a mushroom company that spiked over 20% yesterday, and a = Guyana=20 telecom that spiked 18%. All profitable and growing. Really odd = mixture so=20 far, along with a lot of banks.

Tom Worley
stkguru@netside.net
ICQ # = 5568838
 
 
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