From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #126 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk canslim-digest Tuesday, February 24 1998 Volume 02 : Number 126 In this issue: [CANSLIM] COTL-CGZ Re: [CANSLIM] COTL-CGZ [CANSLIM] On insider selling [CANSLIM] Economic Calendar, week of February 23, 1998 Re: [CANSLIM] tmbs [CANSLIM] UVSGA - It's for real Re: [CANSLIM] tmbs Re: [CANSLIM] tmbs Re: [CANSLIM] tmbs RE: [CANSLIM] Elder's Triple Screen [CANSLIM] Site w/Free Real Time Quotes [CANSLIM] Roll me over in the NASD clover. Re: [CANSLIM] Airlines [CANSLIM] Sterling Commerce (SE) [CANSLIM] AAARRRRRGGGGGGG!!!!!! Re: [CANSLIM] "As-of-date?" for Digital shareholders. [CANSLIM] Jobless Claims ---------------------------------------------------------------------- Date: Mon, 23 Feb 1998 17:56:20 -0800 From: "Patrick Wahl" Subject: [CANSLIM] COTL-CGZ You guys might want to look at Cotelligent Group (CGZ, formerly COTL), I think I mentioned it here previously, has the good CANSLIM numbers, seemed to break out today on twice average volume, and since it switched to the NYSE, that volume is a more meaningful increase than if it were still on the NASDAQ. - - ------------------------------ Date: Mon, 23 Feb 1998 21:33:44 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] COTL-CGZ Patrick, Does look like a decent breakout on good vol from a descending base. RS 83 not helpful, but this could change quickly. May be hurt by the group that it is in (at least at DGO - Commercial Svcs, Staffing) as this includes many cos that are not tech related. Even so, still does not fetch in the top 5 of its group. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Patrick Wahl To: canslim@lists.xmission.com Cc: WahlWolfe@aol.com Date: Monday, February 23, 1998 8:54 PM Subject: [CANSLIM] COTL-CGZ You guys might want to look at Cotelligent Group (CGZ, formerly COTL), I think I mentioned it here previously, has the good CANSLIM numbers, seemed to break out today on twice average volume, and since it switched to the NYSE, that volume is a more meaningful increase than if it were still on the NASDAQ. - - - - ------------------------------ Date: Mon, 23 Feb 1998 21:29:37 -0500 From: "Tom Worley" Subject: [CANSLIM] On insider selling For just one example of what I said earlier on this topic, take a look at AOL (America Online). There were a number of sellers several months ago when the stock was in the low 70s to mid 80s. It's now $123/share. They were selling when the stock was hitting new highs and was in demand. Oooppps, they left $50/share or more on the table!! Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ Date: Mon, 23 Feb 1998 21:59:02 -0500 From: "Tom Worley" Subject: [CANSLIM] Economic Calendar, week of February 23, 1998 MONDAY Treasury Statement (surplus), for Jan, last was plus $13.4 bil, estimate for plus $23.0 bil, actual broke $25 bil (Clinton may be well on his way to the first budget surplus despite his spending efforts in several decades) TUESDAY Consumer Price Index (CPI), the big one of the week, if not the month, for Jan, last was up 0.1%, estimate for unchanged, with the core index (excluding food and energy) at plus 0.1% Consumer Confidence, for Jan, last was 127.3, estimate for 130.0 WEDNESDAY Existing Home Sales, for Jan, last was 4.29 mil annually, estimate for 4.35 mil THURSDAY Durable Goods, also a major report, for Dec, last was down 5.2%, estimate for up 1.0% (and I would expect Nov to be revised up) Initial Jobless Claims, for week to 2/21, last was 301,000, estimate for 305,000 (lately these reports have been coming in under estimates, and so far little sign of the Asian flu causing layoffs here) Money Supply (M2), for week to 2/16, last was up $2.1 bil, estimate for up $5.0 bil FRIDAY Real GDP, for Q4 (revised), last estimate was up 4.3%, revised estimate for 3.6% GDP Deflator, for Q4 (revised), last estimate was up 1.5%, revised is also 1.5% Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ Date: Tue, 24 Feb 1998 03:45:34 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] tmbs I sent this over 12 hours ago but have not downloaded it yet from the board, so I'm reposting. - -Dan - --------------------------------------------- On Sun, 22 Feb 1998 11:12:46 +0200, you wrote: :Need help here. It broke out at about 15 less than 2 weeks ago. Went :steadily up till Friday, closed down on 2.5X ADV. I was in at about 16 = and :now is going for 17 3/8 down 9/16. That makes it 16% above the b/o and = 8.5% :for me. Should I get out now, or is this just short term profit taking? : :David I am in TMBS at 16 1/8. I think the action has been unusual. For many days it shot up early in the day, with several times ADV and would pull back at the end of the day, often times closing at a loss for the day. This became such a pattern, one couldn't help thinking you could day-trade it for profits. This pattern finally broke about a week ago and it closed at the top for the day. Every day has been significantly above ADV, usually several times.=20 u/d is very high =3D 4.1. I think it will do well. My current stop is a little high =3D 16 3/4. I may ease it, but I do want some profit from this. Dan - - ------------------------------ Date: Mon, 23 Feb 1998 20:47:20 -0700 From: Tim Fisher Subject: [CANSLIM] UVSGA - It's for real I think the breakout was confirmed today. Good luck for those of you who got in. I was in way early at 32 and have been waiting for this day! MTG is also showing signs of wanting to break out. COO is retreating and I got out with a profit this morning; earnings are due Wed. Anyone know why the long slow slide before earnings come out? I'd like to buy it back if the report is good... Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! - - ------------------------------ Date: Tue, 24 Feb 1998 05:05:17 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] tmbs :I am in TMBS at 16 1/8. I think the action has been unusual. For many :days it shot up early in the day, with several times ADV and would :pull back at the end of the day, often times closing at a loss for the :day. This became such a pattern, one couldn't help thinking you could :day-trade it for profits. This pattern finally broke about a week ago :and it closed at the top for the day. Every day has been significantly :above ADV, usually several times.=20 : :u/d is very high =3D 4.1. I think it will do well. My current stop is a :little high =3D 16 3/4. I may ease it, but I do want some profit from :this. : :Dan Today continued the pattern -- it was up all day, generally over 2% up on double ADV, and did a dive at the end of the day, off 1/16 at the low for the day, 17 5/16. Pretty light volume for this stock lately, which has often traded over 10 x ADV lately. Dan - - ------------------------------ Date: Mon, 23 Feb 1998 14:41:27 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] tmbs On Sun, 22 Feb 1998 11:12:46 +0200, you wrote: :Need help here. It broke out at about 15 less than 2 weeks ago. Went :steadily up till Friday, closed down on 2.5X ADV. I was in at about 16 = and :now is going for 17 3/8 down 9/16. That makes it 16% above the b/o and = 8.5% :for me. Should I get out now, or is this just short term profit taking? : :David I am in TMBS at 16 1/8. I think the action has been unusual. For many days it shot up early in the day, with several times ADV and would pull back at the end of the day, often times closing at a loss for the day. This became such a pattern, one couldn't help thinking you could day-trade it for profits. This pattern finally broke about a week ago and it closed at the top for the day. Every day has been significantly above ADV, usually several times.=20 u/d is very high =3D 4.1. I think it will do well. My current stop is a little high =3D 16 3/4. I may ease it, but I do want some profit from this. Dan - - ------------------------------ Date: Mon, 23 Feb 1998 14:41:27 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] tmbs On Sun, 22 Feb 1998 11:12:46 +0200, you wrote: :Need help here. It broke out at about 15 less than 2 weeks ago. Went :steadily up till Friday, closed down on 2.5X ADV. I was in at about 16 = and :now is going for 17 3/8 down 9/16. That makes it 16% above the b/o and = 8.5% :for me. Should I get out now, or is this just short term profit taking? : :David I am in TMBS at 16 1/8. I think the action has been unusual. For many days it shot up early in the day, with several times ADV and would pull back at the end of the day, often times closing at a loss for the day. This became such a pattern, one couldn't help thinking you could day-trade it for profits. This pattern finally broke about a week ago and it closed at the top for the day. Every day has been significantly above ADV, usually several times.=20 u/d is very high =3D 4.1. I think it will do well. My current stop is a little high =3D 16 3/4. I may ease it, but I do want some profit from this. Dan - - ------------------------------ Date: Mon, 23 Feb 1998 22:16:05 -0800 From: Mike Lucero Subject: RE: [CANSLIM] Elder's Triple Screen I was wrong about the 13-day EMA for the weekly screen. The book mentions a 13-week EMA. Mike On Sunday, February 22, 1998 10:42 PM, Mike Lucero [SMTP:mikelu@foxinternet.net] wrote: > As I understand it, the Triple Screen system uses 2 timeframes to pick a > trade. > > Say you want buy a stock that you want to hold for an intermediate term > (weeks). First, use a weekly screen to find stocks in an uptrend. Examples > from the book are weekly MACD-histogram rising or 13-day EMA rising. > Secondly, use a daily screen to find stocks that are buyable. For example, > daily stochastic less than 30. Thirdly, you need to pick an entry point. A > buy signal is generated when the daily screen declines. Then, use a > trailing buy-stop a tick above the high of the day. If the stock goes up > the next day, you're stopped in, and you place a stop-loss a tick below the > lowest low of the previous two days. > > You'd sell when the weekly screen turns down. > > Mike > > On Sunday, February 22, 1998 7:12 PM, Rolatzi [SMTP:rolatzi@yahoo.com] > wrote: > > Mike, > > > > Could you summarize his ideas. What is a triple screen? How does it > > give buy and sell signals. Any method which would give me a better > > way to sell stocks would be most appreciated. I have no trouble > > initiating positions, only getting out of them. > > > > Thanks, > > Rich > > > > > > > > ---Mike Lucero wrote: > > > > > > I just finished Alex Elder's Trading for a Living, and am very > > excited > > > about the Triple Screen. I see it as giving clearer buy and sell > > signals, > > > limiting risk better, and (hopefully) I can spend less time > > maintaining my > > > watch list. > > > > > > I have some questions for anyone who's using it: > > > > > > I was wondering how to combine it with CANSLIM. The simplest way > > would seem > > > to be to choose stocks with high EPS and RS numbers. Would one still > > wait > > > for basing-pattern breakouts? Does it help predict breakouts? > > > Does it work better with high ADV stocks? higher priced stocks? > > > Can anyone explain pyramiding - as in if it's better that putting > > money in > > > more stocks, and how to figure out how much to add to positions. > > > > > > I'm thinking of using weekly MACD and stochastics for the buy > > candidates, > > > then screen for a down day. Is it simpler to just use 2-day-average > > of the > > > Force index for 2nd and 3rd screen combined? Also, 13 day EMA > > turndown for > > > selling. > > > > > > I'd appreciate any other pointers you may have. > > > > > > Thanks, > > > > > > Mike Lucero > > > > > > - > > > > > > > > > > _________________________________________________________ > > DO YOU YAHOO!? > > Get your free @yahoo.com address at http://mail.yahoo.com > > > > > > > > > > > - - ------------------------------ Date: Tue, 24 Feb 1998 08:54:25 -0500 From: Craig Griffin Subject: [CANSLIM] Site w/Free Real Time Quotes FYI, http://www.infospace.com offers 50 Free Real Time Quotes Daily. Must fill out and fax an agreement to them. Have not tried it, so don't know about quality, speed, or details. - - ------------------------------ Date: Tue, 24 Feb 1998 09:14:10 -0500 From: Connie Mack Rea Subject: [CANSLIM] Roll me over in the NASD clover. - --------------645C5CE621239318D4ACC6F9 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Members-- I am now less concerned about the influence that Iraq will have unless there is a breach of the agreement. I am looking primarily at the technical condition of the markets. The DOW looks to be ready to make a corrective roll over. Nothing serious so far. The NASD seems unwilling to correct yet. I am 25 percent invested and will move to a 40 percent position if the DOW correction looks normal. I find fewer and fewer stocks that meet my OBV/MF criteria--only three or so in the last week. Today I found but one stock that meets the OBV/MF criteria: ACOL. I will try to buy it using this strategy. Buy two lots below yesterday's close in increments 3/16ths. And buy three lots in 1/8th increments above yesterday's close. I hope not to have to day trade the stock, and will not unless the market[s] turn soft. A strong stock, but not one meeting OBV/MF criteria is RPC. I am watching to buy on a half to three quarter correction. There is resistance just ahead. I bought a bit of TWA last week on a hunch. It looks good on OBV/MF criteria but not quite a buy. It has warrants [TWAWS]; they have some negative divergence. In the last five days I have bought small lots of: BANC, FIGIA, RENO, PFP. I bought some EFTC but was stopped out the same day. I am considering buying another small lot, depending on today's market. I just can't get rid of my malaise about the markets. Connie Mack - --------------645C5CE621239318D4ACC6F9 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Members--

I am now less concerned about the influence that Iraq will  have unless there is a breach of the agreement.  I am  looking primarily at the technical condition of the markets.

The DOW looks to be ready to make a corrective roll over.  Nothing serious so far.

The NASD seems unwilling to correct yet.

I am 25 percent invested and will move to a 40 percent position if the DOW correction looks normal.  I find fewer and fewer stocks that meet my OBV/MF criteria--only three or so in the last week.

Today I found but one stock that meets the OBV/MF criteria: ACOL.  I will try to buy it using this strategy.  Buy two lots below yesterday's close in increments 3/16ths.

And buy three lots in 1/8th increments above yesterday's close.  I hope not to have to day trade the stock, and will not unless the market[s] turn soft.

A strong stock, but not one meeting OBV/MF criteria is RPC.  I am watching to buy on a half to three quarter correction.  There is resistance just ahead.

I bought a bit of TWA last week on a hunch.  It looks good on OBV/MF criteria but not quite a buy.  It has warrants [TWAWS]; they have some negative divergence.

In the last five days I have bought small lots of: BANC,  FIGIA,  RENO, PFP.

I bought some EFTC but was stopped out the same day.  I am considering buying another small lot, depending on today's market.

I just can't get rid of my malaise about the markets.

Connie Mack - --------------645C5CE621239318D4ACC6F9-- - - ------------------------------ Date: Tue, 24 Feb 1998 15:36:54 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Airlines Good points... all... I have heard and read insiders typically buy early, but their decisions to sell always puzzled me. Not the small moves, 1-3 execs with relatively small positions, but the big moves of substantial positions. I've never really followed insiders mainly because of the lack of consistency of their trading, and that is most probably due to the varied stock options plans of various companies. I only added the information about ALK in case someone was interested and doesn't read Barrons. Even though my answer may have implied my giving the insider information weight in determining buy/sell, it does not. Thanks for the insight. Frank Wolynski At 20:51 2/23/98 -0500, Tom Worley wrote: >When insiders sell on a deteriorating stock, I worry about what they know. >When they sell on a strongly performing stock, I don't begrudge them their >added profits (compensation in many cases) (ok, maybe I'm a little >jealous), but have found it to more often than not be a contrarian signal >(e.g. the stock is going higher). Keep in mind that the right time for >insiders to sell is when there is demand for the stock. Also many cos limit >the "window of opportunity" for their insiders to sell as they want some >time separation between any major news such as earnings. > >Any statements or opinions are strictly my own and not that of my employer. >My comments should not be interpreted as a recommendation of any kind. I am >a licensed (inactive) broker and an active investor. All investors should do >their own research prior to any investment, especially one learned about on >the Internet. Hopefully my comments will better inform and educate all >investors. >tom w >-----Original Message----- >From: Frank V. Wolynski >To: canslim@lists.xmission.com ; >canslim@lists.xmission.com >Date: Monday, February 23, 1998 4:05 PM >Subject: [CANSLIM] Airlines > > >>At 19:36 2/22/98 EST, CA011667@aol.com wrote: >>>Dear Tom, >>> >>>I wrote to you several days ago about the possible reversal in the airline >>>group. Action since then seems to only confirm suspicions, although >friday's >> >>No less than 11 officers of Alaska Air sold positions on 2/4/98 according >>to this weeks Barrons which cites SEC Form 144 sells. The S&P group index >>for Airlines is up at approx 94%. They don't get much higher except in >>speculative frenzies. My group tracking graded Airlines as a sell last >week. >> >>Frank Wolynski >>I am often wrong, please plan accordingly. >> - - ------------------------------ Date: Tue, 24 Feb 1998 20:20:52 -0500 From: Douglas Rhodes Subject: [CANSLIM] Sterling Commerce (SE) What's the opinion on Sterling Commerce? Chart looks good to me except it might be over-extended. EPS rank: 94 Rel Str: 83 Acc/Dist: A recent price: 43 - - ------------------------------ Date: Tue, 24 Feb 1998 20:15:29 -0500 From: "Tom Worley" Subject: [CANSLIM] AAARRRRRGGGGGGG!!!!!! EPIQ up another 1.25 today on heavy volume, hit 19.25 with a bid briefly at 19 (I sold Friday at 16.375). I know I made the right decision for all the right reasons, and yeah, made 70% in seven weeks, yada yada yada, but would someone please slow down this train so I have a chance to jump back on?? BTW, I hate Insane for this! He's just given me one good, personal reason to attack! I can't remember the last time I had latched onto such a good winner, and held on thru a shakeout. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ Date: Tue, 24 Feb 1998 20:42:02 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] "As-of-date?" for Digital shareholders. Sorry for the delay, but wanted to give you an "educated" answer vs my usual "shoot from the hip" response (altho actually it will differ very little, just more details). The deal was announced at the end of January. At this point all you have is approval of both companies Board of Directors. Still lacking is the approval of the shareholders of both CPQ and DEC, plus gaining antitrust regulatory approval. CPQ previously indicated they expect to close the deal sometime in the second qtr. Assuming regulatory approval is given prior to shareholder meetings (and that's usual) then the "as of" date will likely be the date of the s/h meetings (probably both on the same day). Again assuming s/h approval on both sides, that will be the last day of trading for DEC, and DEC shareholders should receive their $30/share within a few days if their shares are held at a BD. If held personally, then you will likely get a form to complete and return along with your stock certificate, and the process will take several weeks. Delivery of the 0.945 shares of CPQ for each share of DEC should happen within a week to ten days of the merger being finalized if the shares are held at a BD. If the absence from a margin acct of the DEC shares in the meantime should cause a margin call, you simply remind the broker or BD that you are awaiting delivery of the CPQ shares. Hopes this helps. Any questions just ask. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: cando@highfiber.com To: canslim@xmission.com Date: Monday, February 23, 1998 3:14 AM Subject: [CANSLIM] "As-of-date?" for Digital shareholders. >Does anyone know what the offical "as-of-date" is that those owning Digital >stock will then receive their cash and Compaq stock settlement? I never >saw it mentioned in the news stories I read in Dow Jones. > >Thanks. > >James Coburn >Albuquerque, NM > > > >- > - - ------------------------------ Date: Tue, 24 Feb 1998 20:53:24 -0500 From: "Tom Worley" Subject: [CANSLIM] Jobless Claims I mentioned in a prior post that the analysts have been on the high side of estimating the weekly new jobless claims. Following table illustrates (note: they have already dropped the upcoming forecast from the prior estimate of up 4,000 to only up 1,000): 2/21 2/14 2/7 1/31 Forecast up 1K up 2K up 6K up 10K Actual ------- dn 2K dn 1K up 4K Total Claims 302K 301K 303K 304K If this week's forecast is accurate, then the 4 week moving average (a more reliable barometer) would be under 310K for the third straight week. The range for this week's report was a low of 291K to a high of 310K from 13 economists. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ End of canslim-digest V2 #126 ***************************** 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.