From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1239 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 1239 In this issue: [CANSLIM] Re: Folio Fn Investments Re: [CANSLIM] How could we be more efficient? Re: [CANSLIM] How could we be more efficient? [CANSLIM] EQT Re: [CANSLIM] Folio Fn Investments Re: [CANSLIM] Re: Folio Fn Investments Re: [CANSLIM] Folio Fn Investments Re: [CANSLIM] Impressive Followthrus? [CANSLIM] donuts RE: [CANSLIM] How could we be more efficient? Re: [CANSLIM] How could we be more efficient? ---------------------------------------------------------------------- Date: 28 Mar 2001 20:47:19 CST From: Fanus Subject: [CANSLIM] Re: Folio Fn Investments What do you do then when a stock for example go up 10% before coming down= again? Do you wait for it to take out your -8% stop, or do you sell it be= fore it get down to your buying price? I am still trying to figure out a good= way of "never let gains turn into losses". Regards - - Fanus esetser wrote: 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 ou= t 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 ou= t), >but instead of trying to pick the best out of 4 or 6 possibilities at on= e >time, just pick them all. > >I realize this flies in the face of WON's traditional wisdom of not wate= ring >things down, and not being able to keep track of so many. But would t= hey >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 trac= k >them every evening in just a few minutes. I would think it would be qu= ite >easy to define exit points using WON's guidelines for a dozen stocks jus= t as >easy as 2. And I'm more likely to capture the winners. Selling lesse= r >performing stocks wouldn't be expensive because the effective commission= s >would be negligible. > >While I'm questioning things, how many people use 8% stop loss orders, g= ood >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 o= ut >> 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. T= hey >> have a mechanical system that ranks Value Lines Timeliness =3D 1 stock= s 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 thi= s >> 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 ha= ve >up >> to 50 stocks in the basket. You can allocate different amounts of mon= ey >> 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 sto= ck >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 dai= ly. >> 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 r= un, >> 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 commiss= ions >> 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 t= he >> past year, so I know if I could have I would have saved money. It's i= n my >> company's IRA, so that's irrelevant. But there are other accounts I c= ould >> transfer. Three accounts could be transferred into one Folio Account= =2E >> >> A penny for your thoughts.....or at least a thanks....... >> >> Perry >> >> The website for the one I ran into is http://www.foliofn.com . >> >> >> - >> >> >> - >> > > >- > > > - - ____________________________________________________________________ Get free email and a permanent address at http://www.netaddress.com/?N=3D= 1 - - ------------------------------ Date: Wed, 28 Mar 2001 21:48:38 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] How could we be more efficient? Robert, Because of my personal propensity towards low priced, small and micro cap stocks, but still with CANSLIM style qualities, I do not see how I could actively participate (not to mention my day job). I will of course continue providing my weekly DGO List, and anyone is free to use that to beef up their watch list. The real problem I see with your suggestion, and a fine one it is and in the best spirit of this group's history, is that were you to get 30 active and experienced members of this group to list their criteria for: A) stocks they are going to watch B) stocks they are ready to buy (or sell) then I suspect you would get 30 completely different answers for things like RS, EPS, length of base, trading volume improvement, pivot point, and so forth. So trying to isolate which stocks the "watchers" would watch, much less to define when they would report a "breakout", would be most difficult. Witness the fact that my weekly DGO List typically has 30 or more stocks from an original list of several hundred, yet one member applied his criteria to the entire index of 2800 or so stocks, and only found a handful that passed the test. I also suspect there are many members like myself that cannot guarantee they will have the time to watch the market, but also do not or cannot get personal email at work. Thus, alerts during the day would be useless to us, and only clog up the server when we get home at night to read email. I for one do not need to wade thru an additional 50 or so emails daily just to get to what I want to read, or respond to. That was not fun when Jeff closed down the digest version, and I would not care to repeat the experience. One of the things I personally like about CANSLIM is the ability to personalize it. It is not the same for any two people. I am by nature a fundamentalist, CANSLIM forces me to also consider and weigh the momentum aspects, and popularity, of a given stock at a given time. It affords me a much better balance. I do not mean to discourage you or the idea, it has merit. Just may not fit with many members. Should there be enough interest to try it, then I would suggest contacting Jeff Salisbury and see if he could set up another mail server that could be used for all related communications. That would avoid burdening the entire group, yet still be as efficient. Good luck, Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Robert McGill To: Sent: Wednesday, March 28, 2001 7:22 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. - - - - ------------------------------ Date: Wed, 28 Mar 2001 20:57:41 -0600 From: "Norman" Subject: Re: [CANSLIM] How could we be more efficient? Robert, Let me play the devils advocate here. How do you envision this working? Assign industry groups to individuals? Assign groups of stocks to individuals? How do you propose overcoming the obvious disparity in experience, skills and available information between individuals? Around the beginning of the year another member of this listserv invited members of this group to join him in a Yahoo! club to do something like you propose; only he/we are not limiting ourselves to CANSLIM techniques. I am just a 'duckling' amongst 'geese' in his club but it is very educational and I hope to contribute meaningfully someday. It has been my experience that I continue to do my own research in addition to that which I volunteered for in the Yahoo! club. I can't see Tom, Tim, Chris and some of the others not continuing to do their own research. I am skeptical that we can improve on the combination of Tom's list, the HGS stuff Tim tosses out and the excellent general discussion from all members. But I like the concept. Norman Boyd Port Lavaca (Port of the Cow), TX theboyd@tisd.net - ----- Original Message ----- From: "Robert McGill" To: 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. > > > - > > - - ------------------------------ Date: Wed, 28 Mar 2001 21:05:35 -0600 From: "Dave Massaglia" Subject: [CANSLIM] EQT This stock appears to be breaking out of a nice base... > >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 > >- > _________________________________________________________________ Get your FREE download of MSN Explorer at http://explorer.msn.com - - ------------------------------ Date: Wed, 28 Mar 2001 19:51:46 -0800 From: Dan Subject: Re: [CANSLIM] Folio Fn Investments Tom, Care to speculate on why it was a miserable failure? Interesting! Tom Worley wrote: > 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 > > - > > - - -- Dan http://www.globexplorer.com/cfviewer/start.cfm http://www.corazon.org/ - - ------------------------------ Date: Wed, 28 Mar 2001 21:05:42 -0700 From: esetser Subject: Re: [CANSLIM] Re: Folio Fn Investments I don't move my "hard stop" up until the stock has hit +15%. I do try to watch the stocks action, and not let +10% turn into -8%, but I haven't had much luck with that in this "M". It seems like I get hard-stopped out of everything pretty much. At 08:47 PM 3/28/01 CST, you wrote: >What do you do then when a stock for example go up 10% before coming down >again? Do you wait for it to take out your -8% stop, or do you sell it before >it get down to your buying price? I am still trying to figure out a good way >of "never let gains turn into losses". > >Regards >- Fanus > >esetser wrote: >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 . >>> >>> >>> - >>> >>> >>> - >>> >> >> >>- >> >> >> > >- > > >____________________________________________________________________ >Get free email and a permanent address at http://www.netaddress.com/?N=1 > >- > > > - - ------------------------------ Date: Wed, 28 Mar 2001 23:07:05 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Folio Fn Investments Unlike most funds, David was allowed to be as much as 50% in cash. As a result, he sat out one major leg of a bull mkt because he was convinced it was a sucker's rally. Good thing he was not allowed to short. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Dan To: Sent: Wednesday, March 28, 2001 10:51 PM Subject: Re: [CANSLIM] Folio Fn Investments Tom, Care to speculate on why it was a miserable failure? Interesting! Tom Worley wrote: > 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 > > - > > - - -- Dan http://www.globexplorer.com/cfviewer/start.cfm http://www.corazon.org/ - - - - ------------------------------ Date: Wed, 28 Mar 2001 21:17:35 -0700 From: DougC Subject: Re: [CANSLIM] Impressive Followthrus? Earl Just looked at the chart of LLL back to middle of 98 up to the present. I can see how it would have been difficult to hold through that entire time period. Even during the up trend from 00 to present looks like there were some serious shakeouts. From my point of view, only looking at the fundies and the chart and not even having read any analysis of its business it looks like a company with some more stock appreciation potential. the only negative I see on what DGO is showing me is the quarter ending March 31,2000 where it's earnings decreased 48% over the same quarter the previous year. But '00 annual earnings were still 20% greater than '99 and the est. for '01 is 35% increase. As far as fund participation is concerned it looks like that only really started around Nov of '00. This is leading me to believe that if this stock can develop a decent cup as a base and go through the process of developing a handle right around when the market starts trending up for real that it could be one of the leaders out of the gate. But of course whatever earnings LLL comes out with around 4/25 will be very important. They only have to beat .12. If the earnings stay on the current sequential trend and come out at around 1.10 I wonder what affect that will have on institutional interest in this stock. At 07:33 PM 3/28/01 -0700, you wrote: >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 21:50:41 -0700 From: "Patrick Wahl" Subject: [CANSLIM] donuts A little Peter Lynch analysis - A Krispy Kreme donut shop opened in Denver yesterday, it has been all over the news for the last two days. 2 hour waits for donuts, they had to limit customers to 5 dozen donuts because they couldn't keep up with demand. They have sold 70,000 donuts in about 36 hours. Obviously this won't continue, but they have a lot of fans. Someone in forbes recommended this stock as a short sale, don't think I would take that trade after seeing this frenzy. - - ------------------------------ Date: Wed, 28 Mar 2001 21:39:14 -0800 (PST) From: Kent Norman Subject: RE: [CANSLIM] How could we be more efficient? One problem I see is the delay on posting to this group. I often post about 11:00 - midnight and don't see it arrive in my mail till mid day. ( am sending this at 11:38 PM Wednesday 3-28-2001. Check your time stamp for comparison.) I guess we could each make an email list of participants, but some mail clients restrict the number of addresses you can send to at one time. I would like to be a part of the group. My Job ends in a month, so I don't know what my schedule will be. Regards Kent Norman 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.. __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail. http://personal.mail.yahoo.com/?.refer=text - - ------------------------------ Date: Wed, 28 Mar 2001 23:45:22 -0600 From: Gene Ricci Subject: Re: [CANSLIM] How could we be more efficient? This is a multi-part message in MIME format. - ------=_NextPart_000_047B_01C0B7E1.27862040 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable just got it and it's 11.42 ----- Original Message -----=20 From: Kent Norman=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, March 28, 2001 11:39 PM Subject: RE: [CANSLIM] How could we be more efficient? One problem I see is the delay on posting to this group. I often post about 11:00 - midnight and don't see it arrive in my mail till mid day. ( am sending this at 11:38 PM Wednesday 3-28-2001. Check your time stamp for comparison.) I guess we could each make an email list of participants, but some mail clients restrict the number of addresses you can send to at one time. I would like to be a part of the group. My Job ends in a month, so I don't know what my schedule will be. Regards Kent Norman 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.. =20 __________________________________________________ Do You Yahoo!? Get email at your own domain with Yahoo! Mail.=20 http://personal.mail.yahoo.com/?.refer=3Dtext - - ------=_NextPart_000_047B_01C0B7E1.27862040 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
just got it and it's = 11.42
 
----- Original Message -----
From:=20 Kent=20 Norman
Sent: Wednesday, March 28, 2001 = 11:39=20 PM
Subject: RE: [CANSLIM] How = could we be=20 more efficient?

One problem I see is the delay on posting to = this
group. I=20 often post about 11:00 - midnight and don't
see it arrive in my = mail till=20 mid day. ( am sending
this at 11:38 PM Wednesday 3-28-2001. Check = your=20 time
stamp for comparison.)

I guess we could each make an = email list=20 of
participants, but some mail clients restrict the
number of = addresses=20 you can send to at one time.

I would like to be a part of the = group. My=20 Job ends in
a month, so I don't know what my schedule will=20 be.

Regards
Kent Norman

<snip> then given to=20 volunteers, for instance, people
who can watch the stocks during = the day=20 could keep an
eye for breakouts, then  post email messages = asap=20 with
buy points idientified, etc.. =20

__________________________________________________
Do You=20 Yahoo!?
Get email at your own domain with Yahoo! Mail.
http://personal.ma= il.yahoo.com/?.refer=3Dtext

-
- ------=_NextPart_000_047B_01C0B7E1.27862040-- - - ------------------------------ End of canslim-digest V2 #1239 ****************************** 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.