From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1238 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 1238 In this issue: RE: [CANSLIM] Weird Things Afoot Re: [CANSLIM] Folio Fn Investments Re: [CANSLIM] Folio Fn Investments RE: [CANSLIM] Folio Fn Investments RE: [CANSLIM] Folio Fn Investments Re: [CANSLIM] SHFL [CANSLIM] How could we be more efficient? [CANSLIM] Impressive Followthrus? Re: [CANSLIM] Folio Fn Investments RE: [CANSLIM] How could we be more efficient? [CANSLIM] Re: How could we be more efficient? Re: [CANSLIM] Folio Fn Investments Re: [CANSLIM] Impressive Followthrus? Re: [CANSLIM] How could we be more efficient? ---------------------------------------------------------------------- Date: Wed, 28 Mar 2001 13:10:58 -0500 From: "Rick Parsons" Subject: RE: [CANSLIM] Weird Things Afoot Is the quality of the stocks breaking out such that you are buying them? Or is the market keeping you on the sidelines? Rick - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher Sent: Wednesday, March 28, 2001 12:26 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Weird Things Afoot I have seen at least 12 breakouts on my lists since last Friday. That's about 25% of the stocks I watch. On 09:22 AM 3/28/01, Patrick Wahl Said: >Maybe I have a lousy watch list, but only seeing a few breakouts. > >On 28 Mar 01, at 8:56, Rick Parsons wrote: > > > Are most of you seeing an increased number of CANSLIM type stocks > > breaking out of basing patterns on higher volume? > > > > Rick > > >- 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 Mar 2001 10:51:05 -0800 (PST) From: Kent Norman Subject: Re: [CANSLIM] Folio Fn Investments why not a CANSLIM mutual fund? Kent Norman - --- Perry Stanfield wrote: > 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 . > > > - > __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.com/?.refer=text - - ------------------------------ Date: Wed, 28 Mar 2001 11:09:57 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Folio Fn Investments We've discussed this ad nauseum, there is not one, it is not something a fund can do (i.e. going to 100% cash in a few days and vice versa). A hedge fund, yeah. I'd like to see that. On 10:51 AM 3/28/01, Kent Norman Said: >why not a CANSLIM mutual fund? > >Kent Norman 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 Mar 2001 09:11:52 -0800 From: Tim Fisher Subject: RE: [CANSLIM] Folio Fn Investments There are a whole bunch of them on TMF site, you have to subscribe to see them. I think he was referring to the Foolish 8, which is also on Quicken.com... On 08:34 AM 3/28/01, DiFabio, Nancy Said: >Rick, > >I'm having difficulty in locating the Motley's Fool mechanical system that >you mentioned. Can you be more specific? > >Nancy 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 Mar 2001 11:57:59 -0800 From: "DiFabio, Nancy" Subject: RE: [CANSLIM] Folio Fn Investments This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C0B7C1.6F659BB8 Content-Type: text/plain; charset=iso-8859-1 Content-Transfer-Encoding: 7bit Thanks, Tim. - -----Original Message----- From: Tim Fisher [mailto:Tim@OreRockOn.com] Sent: Wednesday, March 28, 2001 9:12 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Folio Fn Investments There are a whole bunch of them on TMF site, you have to subscribe to see them. I think he was referring to the Foolish 8, which is also on Quicken.com... On 08:34 AM 3/28/01, DiFabio, Nancy Said: >Rick, > >I'm having difficulty in locating the Motley's Fool mechanical system that >you mentioned. Can you be more specific? > >Nancy Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - "WorldSecure " made the following annotations on 03/28/01 11:59:00 - ------------------------------------------------------------------------------ PLEASE NOTE: This message, including any attachments, may include privileged, confidential and/or inside information. Any distribution or use of this communication by anyone other than the intended recipient(s) is strictly prohibited and may be unlawful. If you are not the intended recipient, please notify the sender by replying to this message and then delete it from your system. Thank you. ============================================================================== - ------_=_NextPart_001_01C0B7C1.6F659BB8 Content-Type: text/html; charset=iso-8859-1 Content-Transfer-Encoding: 7bit RE: [CANSLIM] Folio Fn Investments

Thanks, Tim.

-----Original Message-----
From: Tim Fisher [mailto:Tim@OreRockOn.com]
Sent: Wednesday, March 28, 2001 9:12 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Folio Fn Investments


There are a whole bunch of them on TMF site, you have to subscribe to see
them. I think he was referring to the Foolish 8, which is also on
Quicken.com...

On 08:34 AM 3/28/01, DiFabio, Nancy Said:
>Rick,
>
>I'm having difficulty in locating the Motley's Fool mechanical system that
>you mentioned. Can you be more specific?
>
>Nancy

Tim Fisher
Ore-Rock-On and Pacific Fishery Biologists WWW Sites

Tim@OreRockOn.com
WWW: http://OreRockOn.com
See naked fish and rocks!

-

"WorldSecure <irell.com>" made the following
annotations on 03/28/01 11:59:00
- ------------------------------------------------------------------------------
PLEASE NOTE: This message, including any attachments, may include privileged, confidential and/or inside information. Any distribution or use of this communication by anyone other than the intended recipient(s) is strictly prohibited and may be unlawful. If you are not the intended recipient, please notify the sender by replying to this message and then delete it from your system. Thank you.


==============================================================================

- ------_=_NextPart_001_01C0B7C1.6F659BB8-- - - ------------------------------ Date: Wed, 28 Mar 2001 14:56:06 -0800 (PST) From: Kent Norman Subject: Re: [CANSLIM] SHFL No, I think I got it from this group. Probably Tom or Tim. I wait for the chart to tell me (or try to). Every time I jump the gun on buy or sell, I look foolish. I happened to be watching my computer when ADVP just started its move and got in at the perfect time. But that was just luck on the timing. I have missed more than I caught. Sounds sort of like fishing... Regards Kent Norman - --- Mike Lucero wrote: > 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! > > > > > > > > > > > > > > > === message truncated === __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.com/?.refer=text - - ------------------------------ Date: Wed, 28 Mar 2001 19:22:13 -0500 From: "Robert McGill" Subject: [CANSLIM] How could we be more efficient? I was just watching a show on the travel channel regarding ruby mining and it struck me that were a lot of similarities between that and what is being done with "canslim". The miners were well organized with each being given different assignments. I wonder if it would be possible to come up with a more efficient and productive way to discover and mine our little gems. The job of discovering, researching and watching for breakouts seems that it would be more efficient and productive if the job could be broken down into segments and assigned to individuals, rather than each person attempting to do the entire operation themselves. I don't know right now how this could be done, but I would think that key decision areas could be identified and then given to volunteers, for instance, people who can watch the stocks during the day could keep an eye for breakouts, then post email messages asap with buy points idientified, etc.. It could really be organized and made to accomplish the goal that everyone seems to be working towards.. It just seems to me that everyone pulling towards the same objective but given different assignments would be a much stronger effort than everyone going off in different directions some unsure of what they are doing, some without enough time to do it all, etc. Their seems to be a lot of highly skilled motivated and intelligent people on this group and I think an organized collective effort has the potential to be very rewarding. Please think about this. It would also be cheaper to acquire needed resources this way as costs could be spread out over a larger number of people rather than each person having to come up with the bucks for all the info themselves. - - ------------------------------ Date: Tue, 27 Mar 2001 19:55:22 -0700 From: DougC Subject: [CANSLIM] Impressive Followthrus? This weekend I scanned through the 2850+ stocks in the Daily Graph Index and came up with only 9 with fundamentals that met my criteria for the long side. The two I liked the most are LLL and TRR. Both have already had strong runs and over the past 10 days have been in correction phase. Another with great fundamentals is SKX but is also breaking down after already having had a great run. There are two I like in the bank or finance groups, AHMH and NYCB, that have great fundamentals but I'm not sure their bases are worth buying off of. I recently started scanning for potential shorts...I've got a list of those I'm having a hard time trimming to under 50. I haven't tried shorting stocks yet and not sure I will in the near future. I just want to get a feel for how many are out there at any one time and what their bases look like before they break down further. With these long/short lists I'm not confident the recent strength in the markets will last regardless of whether there was a follow thru today or will be one tomorrow. So I'm comfortably staying in cash for now. - - ------------------------------ Date: Wed, 28 Mar 2001 21:02:20 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Folio Fn Investments Been tried already, with David Ryan running it and Wm O'Neil as a consultant. Miserable failure, lost money for investors. Later sold to another mutual fund. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Kent Norman To: Sent: Wednesday, March 28, 2001 1:51 PM Subject: Re: [CANSLIM] Folio Fn Investments why not a CANSLIM mutual fund? Kent Norman - --- Perry Stanfield wrote: > 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 . > > > - > __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.com/?.refer=text - - - - ------------------------------ Date: Wed, 28 Mar 2001 18:21:01 -0800 From: "DiFabio, Nancy" Subject: RE: [CANSLIM] How could we be more efficient? This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C0B7F6.F1E2A858 Content-Type: text/plain; charset=iso-8859-1 Content-Transfer-Encoding: 7bit Robert, I would be very happy to contribute within the parameters of my full time job. - -----Original Message----- From: Robert McGill [mailto:bmcgillatlcom.ne@mindspring.com] Sent: Wednesday, March 28, 2001 4:22 PM To: canslim@lists.xmission.com Subject: [CANSLIM] How could we be more efficient? I was just watching a show on the travel channel regarding ruby mining and it struck me that were a lot of similarities between that and what is being done with "canslim". The miners were well organized with each being given different assignments. I wonder if it would be possible to come up with a more efficient and productive way to discover and mine our little gems. The job of discovering, researching and watching for breakouts seems that it would be more efficient and productive if the job could be broken down into segments and assigned to individuals, rather than each person attempting to do the entire operation themselves. I don't know right now how this could be done, but I would think that key decision areas could be identified and then given to volunteers, for instance, people who can watch the stocks during the day could keep an eye for breakouts, then post email messages asap with buy points idientified, etc.. It could really be organized and made to accomplish the goal that everyone seems to be working towards.. It just seems to me that everyone pulling towards the same objective but given different assignments would be a much stronger effort than everyone going off in different directions some unsure of what they are doing, some without enough time to do it all, etc. Their seems to be a lot of highly skilled motivated and intelligent people on this group and I think an organized collective effort has the potential to be very rewarding. Please think about this. It would also be cheaper to acquire needed resources this way as costs could be spread out over a larger number of people rather than each person having to come up with the bucks for all the info themselves. - - "WorldSecure " made the following annotations on 03/28/01 18:22:01 - ------------------------------------------------------------------------------ PLEASE NOTE: This message, including any attachments, may include privileged, confidential and/or inside information. Any distribution or use of this communication by anyone other than the intended recipient(s) is strictly prohibited and may be unlawful. If you are not the intended recipient, please notify the sender by replying to this message and then delete it from your system. Thank you. ============================================================================== - ------_=_NextPart_001_01C0B7F6.F1E2A858 Content-Type: text/html; charset=iso-8859-1 Content-Transfer-Encoding: 7bit RE: [CANSLIM] How could we be more efficient?

Robert,

I would be very happy to contribute within the parameters of my full time job.

-----Original Message-----
From: Robert McGill [mailto:bmcgillatlcom.ne@mindspring.com]
Sent: Wednesday, March 28, 2001 4:22 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] How could we be more efficient?


I was just watching a show on the travel channel regarding ruby mining and
it struck me that were a lot of similarities between that and what is being
done with "canslim".   The miners were well organized with each being given
different assignments.  I wonder if it would be possible to come up with a
more efficient and productive way to discover and mine our little gems.  The
job of discovering, researching and watching for breakouts seems that it
would be more efficient and productive if the job could be broken down into
segments and assigned to individuals, rather than each person attempting to
do the entire operation themselves.   I don't know right now how this could
be done, but I would think that key decision areas could be identified and
then given to volunteers, for instance, people who can watch the stocks
during the day could keep an eye for breakouts, then post email messages
asap with buy points idientified, etc..  It could really be organized  and
made to accomplish the goal that everyone seems to be working towards..  It
just seems to me that everyone pulling towards the same objective but given
different assignments would be a much stronger effort than everyone going
off in different directions some unsure of what they are doing, some without
enough time to do it all, etc.  Their seems to be a lot of highly skilled
motivated and intelligent people on this group and I think an organized
collective effort  has the potential to be very rewarding.  Please think
about this.  It would also be cheaper to acquire needed resources this way
as costs could be spread out over a larger number of people rather than each
person having to come up with the bucks for all the info themselves.


-

"WorldSecure <irell.com>" made the following
annotations on 03/28/01 18:22:01
- ------------------------------------------------------------------------------
PLEASE NOTE: This message, including any attachments, may include privileged, confidential and/or inside information. Any distribution or use of this communication by anyone other than the intended recipient(s) is strictly prohibited and may be unlawful. If you are not the intended recipient, please notify the sender by replying to this message and then delete it from your system. Thank you.


==============================================================================

- ------_=_NextPart_001_01C0B7F6.F1E2A858-- - - ------------------------------ Date: 28 Mar 2001 20:24:59 CST From: Fanus Subject: [CANSLIM] Re: How could we be more efficient? Maybe a good idea, but if you do not want to do your own research and pic= ks, why not just put money in a mutual fund? The challenge and fun for me is= doing my own research and picking the occasional winner on my "own". Just my two cents. - - Fanus "Robert McGill" wrote: I was just watching a show on the travel channel regarding ruby mining an= d it struck me that were a lot of similarities between that and what is bei= ng done with "canslim". The miners were well organized with each being giv= en different assignments. I wonder if it would be possible to come up with = a more efficient and productive way to discover and mine our little gems. = The job of discovering, researching and watching for breakouts seems that it would be more efficient and productive if the job could be broken down in= to segments and assigned to individuals, rather than each person attempting = to do the entire operation themselves. I don't know right now how this cou= ld be done, but I would think that key decision areas could be identified an= d then given to volunteers, for instance, people who can watch the stocks during the day could keep an eye for breakouts, then post email messages asap with buy points idientified, etc.. It could really be organized an= d made to accomplish the goal that everyone seems to be working towards.. = It just seems to me that everyone pulling towards the same objective but giv= en different assignments would be a much stronger effort than everyone going= off in different directions some unsure of what they are doing, some with= out enough time to do it all, etc. Their seems to be a lot of highly skilled= motivated and intelligent people on this group and I think an organized collective effort has the potential to be very rewarding. Please think about this. It would also be cheaper to acquire needed resources this wa= y as costs could be spread out over a larger number of people rather than e= ach person having to come up with the bucks for all the info themselves. - - ____________________________________________________________________ Get free email and a permanent address at http://www.netaddress.com/?N=3D= 1 - - ------------------------------ Date: Wed, 28 Mar 2001 19:26:10 -0700 From: esetser Subject: Re: [CANSLIM] Folio Fn Investments I generally use hard stops at -8%, then at my buy price, after a move up 15%. I can monitor the market during the day sometimes, but not consistently. It sure seems like I get burned everytime I talk myself out of the hard stop, with the most recent example of ASHW which fell over 15% between the open and when I got to work! At 07:01 AM 3/28/01 -0800, you wrote: >Rick, > >Thanks for the post. I guess I was thinking of using pure Canslim picks in >this scenario with all their characteristics (chart, volume, breaking out), >but instead of trying to pick the best out of 4 or 6 possibilities at one >time, just pick them all. > >I realize this flies in the face of WON's traditional wisdom of not watering >things down, and not being able to keep track of so many. But would they >really be that hard to monitor with the different ways we can do it? I >work all day without being able to buy or sell, but I think I could track >them every evening in just a few minutes. I would think it would be quite >easy to define exit points using WON's guidelines for a dozen stocks just as >easy as 2. And I'm more likely to capture the winners. Selling lesser >performing stocks wouldn't be expensive because the effective commissions >would be negligible. > >While I'm questioning things, how many people use 8% stop loss orders, good >till canceled, on their canslim stocks when they own some? WON says not to >use them, but he's so adamant about the 8% I don't really understand his >objections to them. Seems to me they make a lot of sense if you're out >working all day that you'd have some chance of selling properly, unless the >stock gaps, in which case your'e screwed anyway. Any time this comes up on >his website all I read are objections that even I find flawed; I'm sure more >enlightened folks would find even more flaws in his reasoning. > >Bill, if your'e listening, please don't get mad :} > >Perry > > > > > > >> 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 19:33:00 -0700 From: esetser Subject: Re: [CANSLIM] Impressive Followthrus? Hmm, maybe I should say something here. FWIW, I work for LLL and got in for some shares on the IPO at $22. I also got OUT of these in the mid-to-high $40s a while back. It languished for a while, but moved up nicely as the rest of the market faltered this year. I own almost none at this point, preferring another investment approach in my 401K. It definitely was an opportunity missed in 2000. At 07:55 PM 3/27/01 -0700, you wrote: >This weekend I scanned through the 2850+ stocks in the Daily Graph Index >and came up with >only 9 with fundamentals that met my criteria for the long side. The two I >liked the most >are LLL and TRR. Both have already had strong runs and over the past 10 >days have been >in correction phase. >Another with great fundamentals is SKX but is also breaking down after >already having had >a great run. >There are two I like in the bank or finance groups, AHMH and NYCB, that >have great >fundamentals but I'm not sure their bases are worth buying off of. >I recently started scanning for >potential shorts...I've got a list of those I'm having a hard time trimming >to under 50. >I haven't tried shorting stocks yet and not sure I will in the near future. >I just want to >get a feel for how many are out there at any one time and what their bases >look like before they >break down further. With these long/short lists I'm not confident >the recent strength in the markets will last regardless of whether there >was a follow thru today or >will be one tomorrow. So I'm comfortably staying in cash for now. > > > > > >- > > > - - ------------------------------ Date: Wed, 28 Mar 2001 20:40:49 -0600 From: Gene Ricci Subject: Re: [CANSLIM] How could we be more efficient? This is a multi-part message in MIME format. - ------=_NextPart_000_00F8_01C0B7C7.5F497B40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Robert, you can count on me! Gene ----- Original Message -----=20 From: Robert McGill=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, March 28, 2001 6:22 PM Subject: [CANSLIM] How could we be more efficient? I was just watching a show on the travel channel regarding ruby mining = and it struck me that were a lot of similarities between that and what is = being done with "canslim". The miners were well organized with each being = given different assignments. I wonder if it would be possible to come up = with a more efficient and productive way to discover and mine our little = gems. The job of discovering, researching and watching for breakouts seems that = it would be more efficient and productive if the job could be broken down = into segments and assigned to individuals, rather than each person = attempting to do the entire operation themselves. I don't know right now how this = could be done, but I would think that key decision areas could be identified = and then given to volunteers, for instance, people who can watch the = stocks during the day could keep an eye for breakouts, then post email = messages asap with buy points idientified, etc.. It could really be organized = and made to accomplish the goal that everyone seems to be working = towards.. It just seems to me that everyone pulling towards the same objective but = given different assignments would be a much stronger effort than everyone = going off in different directions some unsure of what they are doing, some = without enough time to do it all, etc. Their seems to be a lot of highly = skilled motivated and intelligent people on this group and I think an = organized collective effort has the potential to be very rewarding. Please = think about this. It would also be cheaper to acquire needed resources this = way as costs could be spread out over a larger number of people rather = than each person having to come up with the bucks for all the info themselves. - - ------=_NextPart_000_00F8_01C0B7C7.5F497B40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Robert, you can count on = me!
 
Gene
 
----- Original Message -----
From:=20 Robert McGill =
Sent: Wednesday, March 28, 2001 = 6:22=20 PM
Subject: [CANSLIM] How could we = be more=20 efficient?

I was just watching a show on the travel channel = regarding ruby=20 mining and
it struck me that were a lot of similarities between = that and=20 what is being
done with "canslim".   The miners were well = organized with each being given
different assignments.  I = wonder if it=20 would be possible to come up with a
more efficient and productive = way to=20 discover and mine our little gems.  The
job of discovering,=20 researching and watching for breakouts seems that it
would be more=20 efficient and productive if the job could be broken down = into
segments and=20 assigned to individuals, rather than each person attempting to
do = the=20 entire operation themselves.   I don't know right now how = this=20 could
be done, but I would think that key decision areas could be=20 identified and
then given to volunteers, for instance, people who = can watch=20 the stocks
during the day could keep an eye for breakouts, then = post email=20 messages
asap with buy points idientified, etc..  It could = really be=20 organized  and
made to accomplish the goal that everyone seems = to be=20 working towards..  It
just seems to me that everyone pulling = towards=20 the same objective but given
different assignments would be a much = stronger=20 effort than everyone going
off in different directions some unsure = of what=20 they are doing, some without
enough time to do it all, etc.  = Their=20 seems to be a lot of highly skilled
motivated and intelligent = people on=20 this group and I think an organized
collective effort  has the = potential to be very rewarding.  Please think
about = this.  It=20 would also be cheaper to acquire needed resources this way
as costs = could=20 be spread out over a larger number of people rather than = each
person having=20 to come up with the bucks for all the info=20 themselves.


-
- ------=_NextPart_000_00F8_01C0B7C7.5F497B40-- - - ------------------------------ End of canslim-digest V2 #1238 ****************************** 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.