From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1341 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 Saturday, May 5 2001 Volume 02 : Number 1341 In this issue: Re: [CANSLIM] left side of cup Re: [CANSLIM] Ouch, that hurts Re: [CANSLIM] Ouch, that hurts Re: [CANSLIM] Opinion on SFC [CANSLIM] Specialty Labs [CANSLIM] DGO List - Part One Re: [CANSLIM] Opinion on SFC Re: [CANSLIM] Opinion on SFC [CANSLIM] RYL Re: [CANSLIM] Specialty Labs [CANSLIM] DGO List - Part Two ---------------------------------------------------------------------- Date: Fri, 4 May 2001 19:56:06 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] left side of cup This is a multi-part message in MIME format. - ------=_NextPart_000_0020_01C0D4D4.41D669E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable left side of cupThe most healthy left side of a cup is one you are out = of and watching. (or have shorted after exiting your long position with = a huge gain) If still holding long, then a healthy left side is one that rallies and = gets you the chance to recover some of the money you had lost, and exit, = before you lose more. As to "signs", if a stock is forming a cup, the smoother the better. The = depth of the cup matters, so you prefer to see the bottom of the cup = only giving up 25% or less of the prior leg up (unless you are short). = It's also good to see a capitulation day late in the bottom of the cup. = I personally also prefer to see a smooth right side of the cup, but with = light volume. This confirms to me that the weak holders were mostly = shook out by the capitulation day in the bottom. And there won't be so = many profit takers who bot on the right side of the cup by the time it = builds a handle. And, finally, of course, you want to see it build a handle nicely, = drooping slightly and volume decreasing as it extends to the right. Then all you have to do is watch it to be sure when it breaks, it breaks = upward, and on 1.5X or more of ADV. Tom Worley stkguru@netside.net ----- Original Message -----=20 From: DiFabio, Nancy=20 To: Canslim (E-mail)=20 Sent: Friday, May 04, 2001 1:27 PM Subject: [CANSLIM] left side of cup When the left side of a cup begins to form and there are a few = occasions where the price decreases on above ADV, is that a bad sign = even though the stock closes nearer to its intraday high than its = intraday low?=20 Please explain a healthy left side in relation to price/volume.=20 Grazie.=20 Nancy=20 "WorldSecure " made the following annotations on 05/04/01 10:26:18 = - -------------------------------------------------------------------------= - ----- 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. = =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D - ------=_NextPart_000_0020_01C0D4D4.41D669E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable left side of cup
The most healthy left side of a cup is one you are = out of and=20 watching. (or have shorted after exiting your long position with a huge=20 gain)
 
If still holding long, then a healthy left side is = one that=20 rallies and gets you the chance to recover some of the money you had = lost, and=20 exit, before you lose more.
 
As to "signs", if a stock is forming a cup, the = smoother the=20 better. The depth of the cup matters, so you prefer to see the bottom of = the cup=20 only giving up 25% or less of the prior leg up (unless you are short). = It's also=20 good to see a capitulation day late in the bottom of the cup. I = personally also=20 prefer to see a smooth right side of the cup, but with light volume. = This=20 confirms to me that the weak holders were mostly shook out by the = capitulation=20 day in the bottom. And there won't be so many profit takers who bot on = the right=20 side of the cup by the time it builds a handle.
 
And, finally, of course, you want to see it build a = handle=20 nicely, drooping slightly and volume decreasing as it extends to the=20 right.
 
Then all you have to do is watch it to be sure when = it breaks,=20 it breaks upward, and on 1.5X or more of ADV.
 
Tom Worley
stkguru@netside.net
 
 
----- Original Message -----
From:=20 DiFabio,=20 Nancy
To: Canslim (E-mail)
Sent: Friday, May 04, 2001 1:27 = PM
Subject: [CANSLIM] left side of = cup

When the left side of a cup begins to = form and=20 there are a few occasions where the price decreases on above ADV, is = that a=20 bad sign even though the stock closes nearer to its  intraday = high than=20 its intraday low?

Please explain a healthy left side in = relation to=20 price/volume.


Grazie.
Nancy

"WorldSecure <irell.com>" made the following
annotations = on=20 05/04/01=20 = 10:26:18
-------------------------------------------------------------= - -----------------
PLEASE=20 NOTE: This message, including any attachments, may include privileged, = confidential and/or inside information. Any distribution or use of = this=20 communication by anyone other than the intended recipient(s) is = strictly=20 prohibited and may be unlawful. If you are not the intended recipient, = please=20 notify the sender by replying to this message and then delete it from = your=20 system. Thank=20 = you.


=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D= =3D=3D=3D=3D=3D=3D=3D=3D=3D

- ------=_NextPart_000_0020_01C0D4D4.41D669E0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 4 May 2001 20:06:39 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Ouch, that hurts That's why I asked for help on EPIQ's spike. I had no immediate justification or understanding on it. And when things are not logical, whether up or down, I start asking questions and doing research. That, of course, is my fundamentalist alter ego speaking, not my CANSLIM side. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Kent Norman To: Sent: Friday, May 04, 2001 2:26 PM Subject: Re: [CANSLIM] Ouch, that hurts If it were to spike up on wrong information, would people be asking the same question? regards Kent Norman - --- Tom Worley wrote: > Tim, > > After reading this article on why the stock tanked > on incorrect > info, do you step back in? > > From the chart, it looks to me like a lazy LLUR, but > the spike > down clearly broke the pattern. Does this count when > it is broken > on bad information, then doesn't immediately recover > the lost > ground when the error is corrected? > > How do you call this one now, with the new > information? > > Tom Worley > stkguru@netside.net > > > ----- Original Message ----- > From: can slim > To: > Sent: Thursday, May 03, 2001 5:15 PM > Subject: Re: [CANSLIM] Ouch, that hurts > > > > http://messages.yahoo.com/bbs?.mm=FN&action=m&board=7079926&tid=h > ov&sid=7079926&mid=739 > > >From: "Tim Fisher" > >Reply-To: canslim@lists.xmission.com > >To: canslim@lists.xmission.com > >Subject: Re: [CANSLIM] Ouch, that hurts > >Date: 2 May 2001 08:34:28 -0700 > > > >HOV dumped me this AM. At least I had a profit! > Looks like a > complete > >meltdown. > > > > At 08:33 PM 5/1/2001 -0600, you wrote: > >>First, I have had a couple of people respond to my > Clearstation > "sell" > >>notifications here. For those who didn't know, my > original > message wasn't > >>posted here, and it basically said I was dumped > out of several > stocks. > >> > >>Now, back to our regularly scheduled program..... > >> > >> > >>Ouch. I went into this week with 3 Home Builders, > 2 other > stocks, and > >>added my last position in PPDI yesterday morning. > At that > point, 4 of 5 > >>stocks were up nicely, and I was thinking maybe > this rally > would be > >>different. Here we are about 1 1/2 trading day > later, and I've > been > >>stopped out of 4 positions, and lost another 4% of > my funds > (more or > >>less). > >> I got burned 2-fold. > >> > >>I had 3 Home Builders, and all 3 went down > strongly on Monday > and Tuesday. > >>One, MDC, was up for a while today, but then > plummeted. In the > end, I > >>took > >>losses on all three as they hit my stops. > Overall, I'm very > surprised to > >>see an industry group that is ranked #1, and has > 5-10 potential > CANSLIM > >>breakouts in about a week fail so strongly. Is > this something > that > >>happens > >>to the top group very often? Have others > witnessed this kind > of meltdown > >>very often? > >> > >>My other position was PPDI. It had moved up > nicely late last > week, and > >>then seemed to be resting a bit just above the > pivot. It > looked ready to > >>move higher, especially with its group moving up > rapidly, so I > gave it a > >>shot. It dropped rapidly today and I sold out as > soon as I saw > the drop > >>(about 10%). After looking closer, I found that > the stock had > moved up on > >>the earnings annoucement last week, but there was > a VERY > UNUSUAL dividend > >>announced, 1 share/share owned. In other words, > everyone who > owned the > >>stock as of Thursday (I think) gets an extra share > in a few > weeks. At > >>that > >>point, anyone who wanted to could sell all their > holdings at a > new high, > >>and still have the same amount of stock in 3 > weeks. Given > this, there > >>seems to be a lot of downward pressure on the > stock. I mean, > the value of > >>last week's holders doubled instantly. I expect > HUGE downward > pressure on > >>the stock over the next few weeks, and today was > an example. > This is > >>clearly my fault for not reading the news before > buying, but > has anyone > >>seen this kind of dividend before? Is it likely > that the stock > price > >>would > >>hold up to a "double"? This seems really unusual > to me. > >> > >>- > >>-To subscribe/unsubscribe, email > "majordomo@xmission.com" > >>-In the email body, write "subscribe canslim" or > >>-"unsubscribe canslim". Do not use quotes in your > email. > > > >Tim Fisher > >Ore-ROCK-On Rockhounding Web Site > >Pacific Fishery Biologists Information > >mailto:tim@OreRockOn.com > >WWW http://OreRockOn.com > > > > > >- > >-To subscribe/unsubscribe, email > "majordomo@xmission.com" > >-In the email body, write "subscribe canslim" or > >-"unsubscribe canslim". Do not use quotes in your > email. > > _________________________________________________________________ > Get your FREE download of MSN Explorer at > http://explorer.msn.com > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________________________ Do You Yahoo!? Yahoo! Auctions - buy the things you want at great prices http://auctions.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 4 May 2001 20:04:16 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Ouch, that hurts I asked the question because I was curious how you handle a stock's behavior when it's unjustified. Being stopped out is valid, but today the stock did exactly what I thought might happen yesterday, banged up $1.84, up 11.8% for the day, and back well within your original 10% stop. So the false information stopped you out, not the stock. That, to me, is a reason to buy it back if all else remains the same as before the wrong info. Obviously not that many think the same way, as today's volume, while 1.5X ADV, is still only about a fourth of the volume on the spike down. Stocks get manipulated all the time, usually for reasons having little to do with CANSLIM. But where the reason is entirely incorrect in the first place, and rapidly corrected, then it's a potential cheaper entry point. Tom Worley stkguru@netside.net - ----- Original Message ----- From: Tim Fisher To: Sent: Friday, May 04, 2001 3:26 PM Subject: Re: [CANSLIM] Ouch, that hurts I didn't answer since I don't care why it tanked, and I didn't even follow the link. It tanked, triggered my stop, I am out, it is a failed B/O, off my list, etc. Why should I, you, or any good CANSLIMer care why it tanked? At 11:26 AM 5/4/2001 -0700, you wrote: >If it were to spike up on wrong information, would >people be asking the same question? > >regards >Kent Norman >--- Tom Worley wrote: > > Tim, > > > > After reading this article on why the stock tanked > > on incorrect > > info, do you step back in? > > > > From the chart, it looks to me like a lazy LLUR, but > > the spike > > down clearly broke the pattern. Does this count when > > it is broken > > on bad information, then doesn't immediately recover > > the lost > > ground when the error is corrected? > > > > How do you call this one now, with the new > > information? > > > > Tom Worley > > stkguru@netside.net > > > > > > ----- Original Message ----- > > From: can slim > > To: > > Sent: Thursday, May 03, 2001 5:15 PM > > Subject: Re: [CANSLIM] Ouch, that hurts > > > > > > > > >http://messages.yahoo.com/bbs?.mm=FN&action=m&board=7079926&tid= h > > ov&sid=7079926&mid=739 > > > > >From: "Tim Fisher" > > >Reply-To: canslim@lists.xmission.com > > >To: canslim@lists.xmission.com > > >Subject: Re: [CANSLIM] Ouch, that hurts > > >Date: 2 May 2001 08:34:28 -0700 > > > > > >HOV dumped me this AM. At least I had a profit! > > Looks like a > > complete > > >meltdown. > > > > > > At 08:33 PM 5/1/2001 -0600, you wrote: > > >>First, I have had a couple of people respond to my > > Clearstation > > "sell" > > >>notifications here. For those who didn't know, my > > original > > message wasn't > > >>posted here, and it basically said I was dumped > > out of several > > stocks. > > >> > > >>Now, back to our regularly scheduled program..... > > >> > > >> > > >>Ouch. I went into this week with 3 Home Builders, > > 2 other > > stocks, and > > >>added my last position in PPDI yesterday morning. > > At that > > point, 4 of 5 > > >>stocks were up nicely, and I was thinking maybe > > this rally > > would be > > >>different. Here we are about 1 1/2 trading day > > later, and I've > > been > > >>stopped out of 4 positions, and lost another 4% of > > my funds > > (more or > > >>less). > > >> I got burned 2-fold. > > >> > > >>I had 3 Home Builders, and all 3 went down > > strongly on Monday > > and Tuesday. > > >>One, MDC, was up for a while today, but then > > plummeted. In the > > end, I > > >>took > > >>losses on all three as they hit my stops. > > Overall, I'm very > > surprised to > > >>see an industry group that is ranked #1, and has > > 5-10 potential > > CANSLIM > > >>breakouts in about a week fail so strongly. Is > > this something > > that > > >>happens > > >>to the top group very often? Have others > > witnessed this kind > > of meltdown > > >>very often? > > >> > > >>My other position was PPDI. It had moved up > > nicely late last > > week, and > > >>then seemed to be resting a bit just above the > > pivot. It > > looked ready to > > >>move higher, especially with its group moving up > > rapidly, so I > > gave it a > > >>shot. It dropped rapidly today and I sold out as > > soon as I saw > > the drop > > >>(about 10%). After looking closer, I found that > > the stock had > > moved up on > > >>the earnings annoucement last week, but there was > > a VERY > > UNUSUAL dividend > > >>announced, 1 share/share owned. In other words, > > everyone who > > owned the > > >>stock as of Thursday (I think) gets an extra share > > in a few > > weeks. At > > >>that > > >>point, anyone who wanted to could sell all their > > holdings at a > > new high, > > >>and still have the same amount of stock in 3 > > weeks. Given > > this, there > > >>seems to be a lot of downward pressure on the > > stock. I mean, > > the value of > > >>last week's holders doubled instantly. I expect > > HUGE downward > > pressure on > > >>the stock over the next few weeks, and today was > > an example. > > This is > > >>clearly my fault for not reading the news before > > buying, but > > has anyone > > >>seen this kind of dividend before? Is it likely > > that the stock > > price > > >>would > > >>hold up to a "double"? This seems really unusual > > to me. > > >> > > >>- > > >>-To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > >>-In the email body, write "subscribe canslim" or > > >>-"unsubscribe canslim". Do not use quotes in your > > email. > > > > > >Tim Fisher > > >Ore-ROCK-On Rockhounding Web Site > > >Pacific Fishery Biologists Information > > >mailto:tim@OreRockOn.com > > >WWW http://OreRockOn.com > > > > > > > > >- > > >-To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > >-In the email body, write "subscribe canslim" or > > >-"unsubscribe canslim". Do not use quotes in your > > email. > > > > >________________________________________________________________ _ > > Get your FREE download of MSN Explorer at > > http://explorer.msn.com > > > > > > - > > -To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > > email. > > > > > > > > - > > -To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your >email. > > >__________________________________________________ >Do You Yahoo!? >Yahoo! Auctions - buy the things you want at great prices >http://auctions.yahoo.com/ > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. Tim Fisher Ore-ROCK-On Rockhounding Web Site Pacific Fishery Biologists Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 5 May 2001 00:16:15 EDT From: SACADS@aol.com Subject: Re: [CANSLIM] Opinion on SFC I've been watching SFC for a while (Tom I think it was on your watch list). I finally think I've decided to dip into it but now I'm afraid it's too extended. Doesn't the chart angle appear awfully steep. Any opinions on this. Disclosure-Just watching......... - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 4 May 2001 20:07:10 -0700 From: "Jay Oken" Subject: [CANSLIM] Specialty Labs This is a multi-part message in MIME format. - ------=_NextPart_000_01C0_01C0D4D5.CD8A7660 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Has anyone looked at Specialty Labs (SP) yet. I would love to get the = groups opinion. ROE looks a little light but everything else seems to be = O.K. Cup also seems good to me with the left side on light volume, a = capitulation day at the bottom, and right side on higher volume with a = breakout day I would guess to be 5/2. Also, what is the consensus about = it being a recent IPO. Thanks, Jay Oken - ------=_NextPart_000_01C0_01C0D4D5.CD8A7660 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Has anyone looked at Specialty Labs = (SP) yet. I=20 would love to get the groups opinion. ROE looks a little light but = everything=20 else seems to be O.K. Cup also seems good to me with the left side on = light=20 volume, a capitulation day at the bottom, and right side on higher = volume with a=20 breakout day I would guess to be 5/2. Also, what is the consensus about = it being=20 a recent IPO.
 
Thanks,
Jay Oken
- ------=_NextPart_000_01C0_01C0D4D5.CD8A7660-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 5 May 2001 08:43:33 -0400 From: "Tom Worley" Subject: [CANSLIM] DGO List - Part One This is a multi-part message in MIME format. - ------=_NextPart_000_003A_01C0D53F.783885C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Full list totals 264, up slightly from last week's 245 and less than I = was expecting. Prior to that it was 195 and 171. It consists of those stocks in the Daily Graphs books (roughly 2,800) = that as of Friday had both RS and EPS of 80 or better. Additionally, = they must have been at or within 5% of the 12 month high during the = prior week. In my review of this overall list, I am only focusing on the = recent chart patterns.=20 This review of the overall list is solely intended to identify stocks = with good CANSLIM qualities, using authentic WON sourced data, that are = showing some kind of constructive chart formation. The idea is to = present some candidates for member's watch list, not to suggest they are = presently a "buy" candidate. No due diligence has been done. My own = personal bias against certain industries is ignored in the review. =20 As always, my shorthand notation is Bx where "B" means a "B"ase of "x" = weeks, IMO. LLUR =3D Lower Left Upper Right, a non-CANSLIM pattern that can work = with CANSLIM using the trend as the base line SKX - HTF??, vol declining ACF - ready to resume the staircase? SDRX - another staircase BZH - b/o Fri on better than 2X ADV from a high handle cup, nice = formation, so much for the Bldg-Resident/Commercial group in a decline? STRC - B1, vol dropping LEN - moving back to the pivot from a B2 on Fri, another = Bldg-Resident/Comm stock USLB - B3, vol dropping RYL - b/o Fri on 2.5X ADV, another Bldg-Resident/Comm group, is there a = pattern here? IGT - B4 UCBH - decent c&h forming, a little unusual for a bank ESI - B2+, base trending up RJR - b/o Fri on 1.4X ADV QUIX - sloppy B4 DME - LLUR PLB - resuming a handle on a flat saucer SIB - LLUR SERO - b/o Fri from a high handle on huge vol MKT - B3+, tight range, vol dropping BWS - uncertain B8, this stock can't make up its mind where it's headed AAS - B4 below the high STRA - B1+, vol down CORS - B5, below avg volume NFB - B4 EME - B3 Tom Worley stkguru@netside.net - ------=_NextPart_000_003A_01C0D53F.783885C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Full list totals 264, up slightly from last week's = 245 and=20 less than I was expecting. Prior to that it was 195 and = 171.
 
It consists of those stocks in the = Daily Graphs=20 books (roughly 2,800) that as of Friday had both RS and EPS of 80 or=20 better.  Additionally, they must have been at or within 5% of the = 12 month=20 high during the prior week. In my review of this overall list, I am only = focusing on the recent chart patterns.=20
 
This review of the overall list is solely intended = to identify=20 stocks with good CANSLIM qualities, using authentic WON sourced data, = that are=20 showing some kind of constructive chart formation. The idea is to = present=20 some candidates for member's watch list, not to suggest they are = presently a=20 "buy" candidate. No due diligence has been done. My own personal bias = against=20 certain industries is ignored in the = review.
 
As always, my shorthand notation is = Bx where "B"=20 means a "B"ase of "x" weeks, IMO.
 
LLUR =3D Lower Left Upper Right, a non-CANSLIM pattern that can = work with=20 CANSLIM using the trend as the base line
 
SKX - HTF??, vol declining
ACF - ready to resume the staircase?
SDRX - another staircase
BZH - b/o Fri on better than 2X ADV from a high = handle cup,=20 nice formation, so much for the Bldg-Resident/Commercial group in a=20 decline?
STRC - B1, vol dropping
LEN - moving back to the pivot from a B2 on Fri, = another=20 Bldg-Resident/Comm stock
USLB - B3, vol dropping
RYL - b/o Fri on 2.5X ADV, another = Bldg-Resident/Comm group,=20 is there a pattern here?
IGT - B4
UCBH - decent c&h forming, a little unusual for = a=20 bank
ESI - B2+, base trending up
RJR - b/o Fri on 1.4X ADV
QUIX - sloppy B4
DME - LLUR
PLB - resuming a handle on a flat = saucer
SIB - LLUR
SERO - b/o Fri from a high handle on huge = vol
MKT  - B3+, tight range, vol = dropping
BWS - uncertain B8, this stock can't make up its = mind where=20 it's headed
AAS - B4 below the high
STRA - B1+, vol down
CORS - B5, below avg volume
NFB - B4
EME - B3
 
Tom Worley
stkguru@netside.net
 
 
- ------=_NextPart_000_003A_01C0D53F.783885C0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 5 May 2001 08:47:23 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Opinion on SFC I don't have it on my watch list at present, probably dropped it because I felt I had missed the best opportunity. Even tho the climb has been steep, it still has a trailing PE of 16, so potentially a lot more room to the upside. But with no analysts following it, you have to do your own assessment of its future earnings potential. More importantly from a CANSLIM perspective, you presently have no base formation. Tom Worley stkguru@netside.net - ----- Original Message ----- From: To: Sent: Saturday, May 05, 2001 12:16 AM Subject: Re: [CANSLIM] Opinion on SFC I've been watching SFC for a while (Tom I think it was on your watch list). I finally think I've decided to dip into it but now I'm afraid it's too extended. Doesn't the chart angle appear awfully steep. Any opinions on this. Disclosure-Just watching......... - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 5 May 2001 11:00:36 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] Opinion on SFC Besides the fact that it is too low priced - WON always says stick to stuff above $15 a share - I think the buy point was on 3/26, and yes, it does now seem too extended. (I was double checking the $15 a share figure in "24 Essential Lessons for Investment Success", and he points out that the average price of the best performing stocks in the last 45 years is $28 a share.) On 5 May 01, at 0:16, SACADS@aol.com wrote: > I've been watching SFC for a while (Tom I think it was on your watch list). > I finally think I've decided to dip into it but now I'm afraid it's too > extended. Doesn't the chart angle appear awfully steep. Any opinions on > this. > > Disclosure-Just watching......... > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 5 May 2001 10:51:34 -0400 From: "Dave Rubin" Subject: [CANSLIM] RYL Bought some RYL on what looks like a cup-handle breakout. Volume wasn't explosive but what the heck. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 5 May 2001 16:01:55 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Specialty Labs This is a multi-part message in MIME format. - ------=_NextPart_000_0012_01C0D57C.B53E64C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Jay, Had you bot it in the short base at 25 I certainly would say to hang on = to it for now. But it is way too extended from any support to consider = buying here. As for IPOs, I believe WON avoids them generally for six months, so this = would fail that test. Personally, I avoid them for a minimum of four = quarterly reports as a public company. Until then, their earnings = reports are all "pro forma", and accountants can do lots of clever = things with the results as a private company to make the new results = look good. Also, as a private company, some of the rules may be = different. As a Sub-Chapter "S" company, for example, there is a = disincentive to make a profit as corp tax rates are higher than = individual ones, so better to pass along any profits as a bonus to the = owners. There is also a tendency for private companies to pay for = things, such as a car to commute to work, that would normally be an = expense of the individual. Tom Worley stkguru@netside.net ----- Original Message -----=20 From: Jay Oken=20 To: Canslim=20 Sent: Friday, May 04, 2001 11:07 PM Subject: [CANSLIM] Specialty Labs Has anyone looked at Specialty Labs (SP) yet. I would love to get the = groups opinion. ROE looks a little light but everything else seems to be = O.K. Cup also seems good to me with the left side on light volume, a = capitulation day at the bottom, and right side on higher volume with a = breakout day I would guess to be 5/2. Also, what is the consensus about = it being a recent IPO. =20 Thanks, Jay Oken - ------=_NextPart_000_0012_01C0D57C.B53E64C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Jay,
 
Had you bot it in the short base at 25 I certainly = would say=20 to hang on to it for now. But it is way too extended from any support to = consider buying here.
 
As for IPOs, I believe WON avoids them generally for = six=20 months, so this would fail that test. Personally, I avoid them for a = minimum of=20 four quarterly reports as a public company.  Until then, their = earnings=20 reports are all "pro forma", and accountants can do lots of clever = things with=20 the results as a private company to make the new results look good. = Also, as a=20 private company, some of the rules may be different. As a Sub-Chapter = "S"=20 company, for example, there is a disincentive to make a profit as corp = tax rates=20 are higher than individual ones, so better to pass along any profits as = a bonus=20 to the owners. There is also a tendency for private companies to pay for = things,=20 such as a car to commute to work, that would normally be an expense of = the=20 individual.
 
Tom Worley
stkguru@netside.net
 
 
----- Original Message -----
From:=20 Jay=20 Oken
To: Canslim
Sent: Friday, May 04, 2001 = 11:07 PM
Subject: [CANSLIM] Specialty = Labs

Has anyone looked at Specialty Labs = (SP) yet. I=20 would love to get the groups opinion. ROE looks a little light but = everything=20 else seems to be O.K. Cup also seems good to me with the left side on = light=20 volume, a capitulation day at the bottom, and right side on higher = volume with=20 a breakout day I would guess to be 5/2. Also, what is the consensus = about it=20 being a recent IPO.
 
Thanks,
Jay = Oken
- ------=_NextPart_000_0012_01C0D57C.B53E64C0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 5 May 2001 17:09:36 -0400 From: "Tom Worley" Subject: [CANSLIM] DGO List - Part Two This is a multi-part message in MIME format. - ------=_NextPart_000_001F_01C0D586.29BC15A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable CHUX - B6 HCC - B4 OFIX - upward trending B4 CRT - interesting 8 day wedge down on declining volume LOW - bumping the pivot FFBK - B3 EV - B4 SNV - saucer UCU - B2 CHD - square cup with B5 handle MVBI - rising on moderate vol from B12 OMI - HTF? MCO - B2 CPG - B4 - REIT AME - B6 just under the high RSG - volatile B8 EDS - B2+ handle on a decent cup I noticed a lot of stocks setting up a one week base, which I normally = do not mention. If this persists next week, there could be a far greater = number of watch list candidates. Tom Worley stkguru@netside.net - ------=_NextPart_000_001F_01C0D586.29BC15A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
CHUX - B6
HCC - B4
OFIX - upward trending B4
CRT - interesting 8 day wedge down on declining=20 volume
LOW - bumping the pivot
FFBK - B3
EV - B4
SNV - saucer
UCU - B2
CHD - square cup with B5 handle
MVBI - rising on moderate vol from B12
OMI - HTF?
MCO - B2
CPG - B4 - REIT
AME - B6 just under the high
RSG - volatile B8
EDS - B2+ handle on a decent cup
 
I noticed a lot of stocks setting up a one week = base, which I=20 normally do not mention. If this persists next week, there could be a = far=20 greater number of watch list candidates.
 
Tom Worley
stkguru@netside.net
 
 
- ------=_NextPart_000_001F_01C0D586.29BC15A0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1341 ****************************** 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.