From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1350 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 Tuesday, May 8 2001 Volume 02 : Number 1350 In this issue: RE: [CANSLIM] was IHSC - now distribution days Re: [CANSLIM] was IHSC - now distribution days [CANSLIM] OFIX [CANSLIM] builders are coming back again.... Re: [CANSLIM] left side of cup Re: EPIQ (was Re: [CANSLIM] ALLY Analysis + EPIQ article) Re: [CANSLIM] off subject but looking for advice Re: [CANSLIM] OFIX [CANSLIM] When to be Patient and Hold a Stock - EPIQ Re: [CANSLIM] left side of cup Re: [CANSLIM] OFIX [CANSLIM] TTEN Re: [CANSLIM] OFIX Re: [CANSLIM] OFIX Re: [CANSLIM] When to be Patient and Hold a Stock - EPIQ ---------------------------------------------------------------------- Date: Tue, 08 May 2001 14:58:14 -0700 From: Tim Fisher Subject: RE: [CANSLIM] was IHSC - now distribution days I thought it was 3-4 distribution days and you should be out of the market. I let my stops do the selling, so currently I'm about 33% cash, since I sold some homebuilders and have bought back one stock today. On 01:50 PM 5/8/01, asosis@ca.ibm.com Said: >Does anyone remember how many distribution days we need? It seems to me >that the rule is that after 3-4 distribution days we need to sell about 25% >of the hodlings. Is this right? > >Anna > > >Tim Fisher @lists.xmission.com on 05/08/2001 12:36:24 PM > >Please respond to canslim@lists.xmission.com > >Sent by: owner-canslim@lists.xmission.com > > >To: canslim@lists.xmission.com >cc: >Subject: RE: [CANSLIM] IHSC - I don't understand > > >OTOH, why bother, with so many good candidates to choose from? And who's >judgement should we use as to the state of "M". I see at least as many >"prognosticators" saying this is just another Bear Market rally as those >saying the bear is over. For now I'm 1) sticking with candidates with far >better fundamentals than this one 2) sitting on a wad of cash until I see >where the new leadership is coming from and 3) waiting to see if this rally > >holds (i.e. counting the distribution days). > >On 09:18 AM 5/8/01, Dave Rubin Said: > >True, IHSC is not a pure CANSLIM pick. But in a good "M" you can get away > >with relaxing some of the rigid fundamental rules and take a chance on a > >good chart. > > > >IHSC has an 87 EPS and 96 RS rating. These are good numbers. IBD puts it > >into the Medical/Dental/Serv group but IHSC (and other companies in this > >group such as PPDI and DIAN) are more of a fit with the > >Medical-Outpatient/Hm Care group, which is #2 right now. Earnings growth > >has accellerated recently, with growth in the most recent quarter of over >80%. > > > >The chart is a very nice cup-handle, and was highlighted in last week's > >IBD Weekend Review. Volume yesterday was very good. The stock is making > >new highs. > > > >True, IHSC has flaws and does not fit all of the CANSLIM guidelines. But > >sometimes close is good enough to make money in a good market. > > > > > > -----Original Message----- > >From: owner-canslim@lists.xmission.com > >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Jay Oken > >Sent: Tuesday, May 08, 2001 11:54 AM > >To: Canslim > >Subject: [CANSLIM] IHSC - I don't understand > > > >>Can someone please explain to me why this is a canslim stock. Here are > >>the negatives that I see: > >> > >>1. ROE of only 15% > >>2. Poor annual earnings (1999 was a down year and 2000 just matched > >>1998 earnings) > >>3. Growth Rate of only 15% > >>4. Debt of 90% > >>5. SMR rating of C > >>6. Poor quarterly sales growth rate (13% or under for the last 4 >quarters) > >> > >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > > >- >-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. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -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: Tue, 8 May 2001 18:30:40 -0500 From: "walter nusbaum" Subject: Re: [CANSLIM] was IHSC - now distribution days - ----- Original Message ----- From: To: Sent: Tuesday, May 08, 2001 3:50 PM Subject: RE: [CANSLIM] was IHSC - now distribution days > > Does anyone remember how many distribution days we need? It seems to me > that the rule is that after 3-4 distribution days we need to sell about 25% > of the hodlings. Is this right? > > Anna Anna, In WON's recent open letter in IBD, his rule #7 states: "Buy when market indices are in an uptrend. Reduce investments and raise cash when general market indexes show five or more days of volume distribution". Best wishes, Walt - - - -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: Tue, 8 May 2001 19:30:53 EDT From: Vanchee1@aol.com Subject: [CANSLIM] OFIX - --part1_8b.64d087c.2829dbad_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Getting close to its high of 26.25 I would like to see about 50,000 shares trade above 26.25 to confirm. ADV is about 28,000 The one negative on this one is the earnings numbers are not at all impressive, but if its good for 2 or 3 points who really cares. Chris. - --part1_8b.64d087c.2829dbad_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Getting close to its high of 26.25 I would like to see about 50,000 shares
trade above 26.25 to confirm. ADV is about 28,000  The one negative on this
one is the earnings numbers are not at all impressive, but if its good for 2
or 3 points who really cares.

Chris. - --part1_8b.64d087c.2829dbad_boundary-- - - - -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: Tue, 8 May 2001 19:31:17 -0400 From: "Surindra@yahoo.com" Subject: [CANSLIM] builders are coming back again.... This is a multi-part message in MIME format. - ------=_NextPart_000_002D_01C0D7F5.73C31CE0 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit MTH (at 48.95) has risen by 10.22% from prev close.With the decline in the interest rates and more people able to afford expensive housing, the building sector might keep going up, up and away! Some of the high riser are NVR, MTH, SHLR, MHO. These however seem to be very extended though. Regards Surindra - ------=_NextPart_000_002D_01C0D7F5.73C31CE0 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable MTH (at 48.95) has risen by 10.22% from prev = close.
With the decline in = the=20 interest rates and more people able to afford expensive housing, the = building=20 sector might keep going up, up and away! Some of the high = riser are=20 NVR, MTH, SHLR, MHO. = These however seem to=20 be very extended though.
 
Regards
 
 
Surindra
 
 
- ------=_NextPart_000_002D_01C0D7F5.73C31CE0-- _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.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. ------------------------------ Date: Tue, 8 May 2001 19:47:33 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] left side of cup In Chapter 10 of HTMMIS, WON has 36 basic selling rules, that is what I was referring to. He also has 8 rules on when to be patient and hold a stock, which I am rereading tonight. Rule 1 is Buying right solves half of your selling problem. Rule 2 is Beware of the big block selling you see on the ticker tape just after you have bought a stock during a bull market. Tom Worley stkguru@netside.net - ----- Original Message ----- From: To: Sent: Tuesday, May 08, 2001 10:43 AM Subject: Re: [CANSLIM] left side of cup Tom: I imagine selling rule #1 is to sell if the stock's purchase price falls below 8%. But what is "selling rule #2"? In a message dated 5/8/2001 6:38:48 AM Eastern Daylight Time, stkguru@netside.net writes: << Unfortunately, there are no good short cuts to CANSLIM. It can be time consuming, all depending on how much time and effort you wish to commit. As for a checklist, C A N S L I M chart Selling Rule 1 Selling Rule 2 . >> - - - -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: Tue, 8 May 2001 19:53:28 -0400 From: "Tom Worley" Subject: Re: EPIQ (was Re: [CANSLIM] ALLY Analysis + EPIQ article) Hi Anna, Lots of looking at charts, lots of time reviewing lists, lots of watching stocks that go up without me, or go down. Lots of mistakes (buying some of the ones that went down). Lots of years learning I don't have to chase stocks like a rabid dog, and learning there will always be another one I like if I just keep looking. Patience has become my greatest ally (second to EPIQ at the moment). Tom Worley stkguru@netside.net - ----- Original Message ----- From: To: Sent: Tuesday, May 08, 2001 11:24 AM Subject: Re: EPIQ (was Re: [CANSLIM] ALLY Analysis + EPIQ article) I bow you, the master. Tom, how do you find them? Anna "Tom Worley" @lists.xmission.com on 05/07/2001 10:00:08 PM Please respond to canslim@lists.xmission.com Sent by: owner-canslim@lists.xmission.com To: cc: Subject: EPIQ (was Re: [CANSLIM] ALLY Analysis + EPIQ article) I can only smile when my babies are finally "discovered" two years later, and many dollars higher. Probably accounts for the heavy volume and new high today, that couldn't be sustained (closed a lousy dime higher!). Rats, I now am only up 387% in a year. OK, OK, I'll try to quit gloating. And remember that a few of my babies are still costing me money. Tom Worley stkguru@netside.net - ----- Original Message ----- From: To: Sent: Monday, May 07, 2001 2:49 PM Subject: Re: [CANSLIM] ALLY Analysis + EPIQ article Thank you Tim and Patric. Thank you everyone for your inputs on CHIC - I will write a bit more on the topic later. For all EPIQ followers you may want to take a look at this: http://wwwthestreet.com/funds/investing/1417212.html EPIQ is getting public attention now - this should pave the road to the next wave of price advances. (I have attached the article) Three Stocks for the Lean Times (Embedded image moved to file: pic18737.gif)By James Brookes-Avey Special to TheStreet.com 5/5/01 10:30 AM ET Banking on Bankruptcy - - - -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: Tue, 8 May 2001 17:33:41 -0700 (PDT) From: Kent Norman Subject: Re: [CANSLIM] off subject but looking for advice Several good points Scott. Probably every way to make money in equities has been published, so nothing is new under the sun. If they really could make 300%, why are they selling it for a small commission instead of using it to own the world? CANSLIM and HGS are different from the rest of the herd. Thanks Kent - --- Steve F wrote: > > Scott, > > I recently attend the Money Show in New York and it > was, as you would expect, primarily a vehicle to > sell programs, sell seminars, sell books, sell > magazines, etc. There were several speakers but > none of them were particularly inciteful or imparted > any information that is not widely available to > anyone that reads a newspaper. It was interesting > to note that there were several vendors selling > programs that tell you exactly what stocks to buy > and when to sell them, implyng that it was realistic > to obtain 300% return on your investments. Also > interesting to note why these people were bothering > with me when such great returns are available to > them. > > Also, almost everything available was contrary to > the CANSLIM philosophy. > > SCOTT COOPER wrote: > I am thinking about attending the 13 the Annual Las > Vegas money show and > On line investment show May 14-17 The question is > has anybody attended > before and is it informative and useful or just sale > of programs. > > > - > -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 - Click and bid on cool stuff like > Dave Matthews Band Tickets & more! __________________________________________________ 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. ------------------------------ Date: Tue, 8 May 2001 20:53:47 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] OFIX This is a multi-part message in MIME format. - ------=_NextPart_000_002B_01C0D800.FA8CB960 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Chris, Why would 50,000 confirm? Wouldn't you want to see at least 1.5X ADV, = thus about 74K shares? DGO puts ADV at 46,300. I do notice that ROE of 15% is a slight negative, and cash flow is = neutral. Earnings growth forecast of 19% only a positive because so many = are in the dumpster. Smooth chart, though, are you treating this as a = LLUR and using the trend as the base? I would be uncomfortable with funds already owning 38%, and management = owning nothing (except presumably their no cost stock options). But then = I like to front run the funds, so 0% doesn't bother me. Tom Worley stkguru@netside.net ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, May 08, 2001 7:30 PM Subject: [CANSLIM] OFIX Getting close to its high of 26.25 I would like to see about 50,000 = shares=20 trade above 26.25 to confirm. ADV is about 28,000 The one negative on = this=20 one is the earnings numbers are not at all impressive, but if its good = for 2=20 or 3 points who really cares.=20 Chris.=20 - ------=_NextPart_000_002B_01C0D800.FA8CB960 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Chris,
 
Why would 50,000 confirm? Wouldn't you want to see = at least=20 1.5X ADV, thus about 74K shares? DGO puts ADV at 46,300.
 
I do notice that ROE of 15% is a slight negative, = and cash=20 flow is neutral. Earnings growth forecast of 19% only a positive because = so many=20 are in the dumpster. Smooth chart, though, are you treating this as a = LLUR and=20 using the trend as the base?
 
I would be uncomfortable with funds already owning = 38%, and=20 management owning nothing (except presumably their no cost stock = options). But=20 then I like to front run the funds, so 0% doesn't bother = me.
 
Tom Worley
stkguru@netside.net
 
 
----- Original Message -----
From:=20 Vanchee1@aol.com=20
To: canslim@lists.xmission.com =
Sent: Tuesday, May 08, 2001 = 7:30 PM
Subject: [CANSLIM] OFIX

Getting = close to its=20 high of 26.25 I would like to see about 50,000 shares
trade above = 26.25 to=20 confirm. ADV is about 28,000  The one negative on this
one is = the=20 earnings numbers are not at all impressive, but if its good for 2 =
or 3=20 points who really cares.

Chris.=20 - ------=_NextPart_000_002B_01C0D800.FA8CB960-- - - - -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: Tue, 8 May 2001 22:01:21 -0400 From: "Tom Worley" Subject: [CANSLIM] When to be Patient and Hold a Stock - EPIQ This is a multi-part message in MIME format. - ------=_NextPart_000_006D_01C0D80A.6B0C1380 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Just finished rereading this section from Chapter 10 of HTMMIS, I = recommend it to all members currently invested, especially if they are = investing for more than a day or two. It certainly reminded me of many = of the reasons I have been able to hold onto EPIQ for such stellar gains = in an otherwise really ugly NASDAQ market trend. First Lesson: I made a handsome profit when I first found and bought it = on pretty solid CANSLIM rules, made 70% in 7 weeks about 2 years ago Second Lesson: I learned about the company, its business model, and why = it was doing well Third Lesson: Because it was then a microcap and thinly traded, I = learned patience, and tolerated some of the dips that rigid rules would = have tossed me out of it Fourth Lesson: I had confidence in the company and its management Fifth Lesson: Because I had built up profits on the first three times I = owned this stock, I was far more tolerant and patient than if it had = bruised me first time out. It's important to lock in those early = profits, even if it's only the recommended 20% Sixth Lesson: I recognized this was a company that was doing well in = good economic times, as we had 2 years ago, and would only do better in = harsh economic times, as we have now. That gave me a lot more patience, = and tolerance. Seventh Lesson: Each time I again bought this stock, I looked at it with = the idea it was the first time I was considering buying it (graph wise), = but with the knowledge of the company and its products Because of that, = I was willing to hold it long term, and allowed me to be a little more = aggressive in buying it for a new trip. Eighth Lesson: I have been willing to sell when it seemed right, and = stuck to my discipline to sell at least half, once I had doubled, on any = sign of weakness. While I tried to buy back the latest half position I = sold, I don't regret the decision to sell or where I set my buyback = limit, it was correct then, and remains correct now. I will miss this = stock as an old friend once I sell the last of it, but have traded it = correctly. And I have done the things it takes to hold a stock for a = multi-hundred percent gain. Despite that, I have not become so = emotionally entangled that it has clouded my thinking (well, not much, = anyway). I think the real keys for me were the early profits, and the belief in = the company's business model. WON addresses both of these to some degree = in this section of HTMMIS. Tom Worley stkguru@netside.net - ------=_NextPart_000_006D_01C0D80A.6B0C1380 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Just finished rereading this section from Chapter 10 = of=20 HTMMIS, I recommend it to all members currently invested, especially if = they are=20 investing for more than a day or two. It certainly reminded me of many = of the=20 reasons I have been able to hold onto EPIQ for such stellar gains in an=20 otherwise really ugly NASDAQ market trend.
 
First Lesson: I made a handsome profit when I first = found and=20 bought it on pretty solid CANSLIM rules, made 70% in 7 weeks about 2 = years=20 ago
 
Second Lesson: I learned about the company, its = business=20 model, and why it was doing well
 
Third Lesson: Because it was then a microcap and = thinly=20 traded, I learned patience, and tolerated some of the dips that rigid = rules=20 would have tossed me out of it
 
Fourth Lesson: I had confidence in the company and = its=20 management
 
Fifth Lesson: Because I had built up profits on the = first=20 three times I owned this stock, I was far more tolerant and patient than = if it=20 had bruised me first time out. It's important to lock in those early = profits,=20 even if it's only the recommended 20%
 
Sixth Lesson: I recognized this was a company that = was doing=20 well in good economic times, as we had 2 years ago, and would only do = better in=20 harsh economic times, as we have now. That gave me a lot more patience, = and=20 tolerance.
 
Seventh Lesson: Each time I again bought this stock, = I looked=20 at it with the idea it was the first time I was considering buying it = (graph=20 wise), but with the knowledge of the company and its products Because of = that, I=20 was willing to hold it long term, and allowed me to be a little more = aggressive=20 in buying it for a new trip.
 
Eighth Lesson: I have been willing to sell when it = seemed=20 right, and stuck to my discipline to sell at least half, once I had = doubled, on=20 any sign of weakness. While I tried to buy back the latest half position = I sold,=20 I don't regret the decision to sell or where I set my buyback limit, it = was=20 correct then, and remains correct now. I will miss this stock as an old = friend=20 once I sell the last of it, but have traded it correctly. And I have = done the=20 things it takes to hold a stock for a multi-hundred percent gain. = Despite that,=20 I have not become so emotionally entangled that it has clouded my = thinking=20 (well, not much, anyway).
 
I think the real keys for me were the early profits, = and the=20 belief in the company's business model. WON addresses both of these to = some=20 degree in this section of HTMMIS.
 
Tom Worley
stkguru@netside.net
 
 
- ------=_NextPart_000_006D_01C0D80A.6B0C1380-- - - - -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: Tue, 08 May 2001 21:10:14 -0600 From: esetser Subject: Re: [CANSLIM] left side of cup WOW, some really good questions. Now, if anyone has some really good answers... well, what the hell, here are my opinions!! 1 - I think reducing the overall number of stocks via some kind of screening is a worthy goal. Personally, I use DGO reports to get down to 100-125 of the top candidates, and then I look at charts on those candidates. I think most everyone here uses some kind of screening of one kind or another to get to a manageable number. 2 - You probably could pick some top stocks and then stick with that group except as fundamentals changed. The problem I see with this approach is you could miss all of the leadership for an extended run in the market. For example, home builders would not have been on your list last spring, but they have been the number one group for the last 6 months plus. I think an approach that looked at the stocks in the top N groups might give you better results with a similar approach. Of course, when a group fell out of favor you would have to update it with another, but the overall group rotation at the top seems to be a gradual process for the most part. 3 - Without DGO, it seems more difficult to gather the data needed for screening and evaluation. However, without DGO, I think IBD is probably the best source. Given just IBD, you can screen for EPS, RS, Group RS, A/D, and SMR. I think these 5 factors along with use of the IBD composite (or something similar), would be a GREAT start for a the most important factors. I really think the stocks with the best numbers in IBD and good charts provide great winners. Personally, I think fund ownership, ROE, earnings growth, cash flow, etc. are secondary nunbers, and are already included in the IBD select rankings anyway! 4 - As far as not being able to check the market during the day, this is a disadvantage. There are a couple of approaches you can use. One is to watch the closing prices and volumes, and put in limit buy orders for the next day for stocks that break out. You can do this for stocks that close within the 5% limit or for others that are higher, but may dip a little during the day. Using a limit order, you can guarantee you don't get a fill that puts you in too high. A second approach is to use Buy Stops, and put in orders to buy if the price moves above the pivot. In this case, you have to check the volume after the purchase, but you can go ahead and sell out if the volume wasn't up to snuff. I haven't used this approach myself, but I am considering it for the future. At 03:00 AM 5/8/01 EDT, you wrote: As I've been learning CANSLIM I've uncovered some of the charts in IBD from left to right to see how it would feel to be in the stocks during a run-up, and of course the recommended sell strategy is strongly borne out, but I also noticed that the sharp declines on high volume on the left cup don't seem to affect recovery, except that maybe it happens sooner. I assumed it would depend on quality of the stock news that caused the drop, or, if there was no news, the M conditions that would cause a leading stock in a leading group to drop so precipitously. I've wondered if life could be simplified for the busy investor by following a small group of such volatile quality stocks closely over extended time, dropping and replacing those with faltering fundamentals, since they may come back to the pivot points faster. After a while one would know one's few stocks very well and save a lot of time in research. The short bases might be less productive and the statistics might not bare this idea out. As a newbie my problem is pulling the trigger. Without DGO one has to go so many places for info and there are always a few reasons not to buy a stock. Is there any kind of checklist of all the things that must be verified? Could it be prioritized? What are the reasonable compromises that someone who cannot check on the market during the day or a confused newbie might make to be in the game? > >Bill > - - - -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: Tue, 08 May 2001 21:38:41 -0600 From: esetser Subject: Re: [CANSLIM] OFIX And why would anyone following CANSLIM be interesting in 2 or 3 points? I have read that there are differing time horizons for CANSLIM, but I never thought that a 7 or 8% and sell approach was something you were looking for. At 07:30 PM 5/8/01 EDT, you wrote: >Getting close to its high of 26.25 I would like to see about 50,000 shares > The one negative on this >one is the earnings numbers are not at all impressive, but if its good for 2 >or 3 points who really cares. > >Chris. - - - -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: Tue, 8 May 2001 22:58:13 -0600 From: "Patrick Wahl" Subject: [CANSLIM] TTEN Here is one I'll toss out so someone can see if I missed anything and bash it a little (Tom?). 3Tec Energy looks fairly good. Accelerating sales and earnings, small float, quite a bit held by mangement which I think Tom considers to be a negative, but forget why. Good ROE at 30, earnings estimates for this year are $3.00 per share. Less next year, but I wonder if a forecast a year and a half away is reliable. The QP EPS rank is over 90, but DG may have a lower number because of short earnings history. Formed a pretty tight base lately, earnings due tomorrow from what I can figure out. Also, on a somewhat related topic - watched a CNBC panel discussion with J. Cramer, who I think actually knows what he is talking about - they were throwing out the idea the energy is going to be one place to be invested, with the new administration pointing out that several hundred new power plants need to be built in the next few years. So whoever builds those things, and support type stuff (pipelines, coal) could do well. ACI is one I noticed has run up on no earnings but big expectations. - - - -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: Wed, 9 May 2001 01:04:15 EDT From: Vanchee1@aol.com Subject: Re: [CANSLIM] OFIX - --part1_59.ad1ee65.282a29cf_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom, my check has 14 mil shrs out with 6.7 on the float so I assume management has a good amount of stock. I am looking at all of April as a base with slight upward motion, I say slight because I see 23 as maybe a handle so at 26 its not too extended. I also have ADV at 28,000 that's why I would want at least 50,000 to show new money entering at this level. Chris - --part1_59.ad1ee65.282a29cf_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Tom, my check has 14 mil shrs out with 6.7 on the float so I assume
management has a good amount of stock. I am looking at all of April as a base
with slight upward motion, I say slight because I see 23 as maybe a handle so
at 26 its not too extended. I also have ADV at 28,000 that's why I would want
at least 50,000 to show new money entering at this level.

Chris - --part1_59.ad1ee65.282a29cf_boundary-- - - - -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: Wed, 9 May 2001 01:13:38 EDT From: Vanchee1@aol.com Subject: Re: [CANSLIM] OFIX - --part1_b0.1421db26.282a2c02_boundary Content-Type: text/plain; charset="ISO-8859-1" Content-Transfer-Encoding: quoted-printable "And why would anyone following CANSLIM be interesting in 2 or 3 points?=A0=20= I have read that there are differing time horizons for CANSLIM, but I never thought that a 7 or 8% and sell approach was something you were looking for.= " I'm only looking for a profit, and feel if it breaks out on good volume it=20 would be good for at least 2 or 3 points. However should it go much more all= =20 that much better. Past experience tells me most B/O are worth at least a few= =20 points in a short time (1 week) and if I buy 2 K shrs would be a fast 6 K=20 profit. Chris. - --part1_b0.1421db26.282a2c02_boundary Content-Type: text/html; charset="ISO-8859-1" Content-Transfer-Encoding: quoted-printable "And why would anyone fol= lowing CANSLIM be interesting in 2 or 3 points?=A0 I
have read that there are differing time horizons for CANSLIM, but I neve= r
thought that a 7 or 8% and sell approach was something you were looking=20= for."


I'm only looking for a profit, and feel if it breaks out on good volume=20= it=20
would be good for at least 2 or 3 points. However should it go much more= all=20
that much better. Past experience tells me most B/O are worth at least a= few=20
points in a short time (1 week) and if I buy 2 K shrs would be a fast 6=20= K=20
profit.

Chris. - --part1_b0.1421db26.282a2c02_boundary-- - - - -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: Tue, 08 May 2001 22:44:37 -0700 From: Joe Maguire Subject: Re: [CANSLIM] When to be Patient and Hold a Stock - EPIQ - --------------FD1DA54AA2FCCD05FB3447D9 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Tom.. Thanks for the very clear travel of your investment.. good 1 to 8 lesson flow and feel of proper activity...Keep up the good work you share on this site.. Best, Joe Maguire {Hayden Stone 1966 -1971 LaJolla .} Tom Worley wrote: > Just finished rereading this section from Chapter 10 of HTMMIS, I > recommend it to all members currently invested, especially if they are > investing for more than a day or two. It certainly reminded me of many > of the reasons I have been able to hold onto EPIQ for such stellar > gains in an otherwise really ugly NASDAQ market trend. First Lesson: I > made a handsome profit when I first found and bought it on pretty > solid CANSLIM rules, made 70% in 7 weeks about 2 years ago Second > Lesson: I learned about the company, its business model, and why it > was doing well Third Lesson: Because it was then a microcap and thinly > traded, I learned patience, and tolerated some of the dips that rigid > rules would have tossed me out of it Fourth Lesson: I had confidence > in the company and its management Fifth Lesson: Because I had built up > profits on the first three times I owned this stock, I was far more > tolerant and patient than if it had bruised me first time out. It's > important to lock in those early profits, even if it's only the > recommended 20% Sixth Lesson: I recognized this was a company that was > doing well in good economic times, as we had 2 years ago, and would > only do better in harsh economic times, as we have now. That gave me a > lot more patience, and tolerance. Seventh Lesson: Each time I again > bought this stock, I looked at it with the idea it was the first time > I was considering buying it (graph wise), but with the knowledge of > the company and its products Because of that, I was willing to hold it > long term, and allowed me to be a little more aggressive in buying it > for a new trip. Eighth Lesson: I have been willing to sell when it > seemed right, and stuck to my discipline to sell at least half, once I > had doubled, on any sign of weakness. While I tried to buy back the > latest half position I sold, I don't regret the decision to sell or > where I set my buyback limit, it was correct then, and remains correct > now. I will miss this stock as an old friend once I sell the last of > it, but have traded it correctly. And I have done the things it takes > to hold a stock for a multi-hundred percent gain. Despite that, I have > not become so emotionally entangled that it has clouded my thinking > (well, not much, anyway). I think the real keys for me were the early > profits, and the belief in the company's business model. WON addresses > both of these to some degree in this section of HTMMIS. Tom Worley > stkguru@netside.net - --------------FD1DA54AA2FCCD05FB3447D9 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Tom.. Thanks for the very clear travel of your investment..  good  1 to 8  lesson flow and feel of proper activity...Keep up the good work you share on this site.. Best, Joe Maguire {Hayden Stone 1966 -1971 LaJolla .}

Tom Worley wrote:

Just finished rereading this section from Chapter 10 of HTMMIS, I recommend it to all members currently invested, especially if they are investing for more than a day or two. It certainly reminded me of many of the reasons I have been able to hold onto EPIQ for such stellar gains in an otherwise really ugly NASDAQ market trend. First Lesson: I made a handsome profit when I first found and bought it on pretty solid CANSLIM rules, made 70% in 7 weeks about 2 years ago Second Lesson: I learned about the company, its business model, and why it was doing well Third Lesson: Because it was then a microcap and thinly traded, I learned patience, and tolerated some of the dips that rigid rules would have tossed me out of it Fourth Lesson: I had confidence in the company and its management Fifth Lesson: Because I had built up profits on the first three times I owned this stock, I was far more tolerant and patient than if it had bruised me first time out. It's important to lock in those early profits, even if it's only the recommended 20% Sixth Lesson: I recognized this was a company that was doing well in good economic times, as we had 2 years ago, and would only do better in harsh economic times, as we have now. That gave me a lot more patience, and tolerance. Seventh Lesson: Each time I again bought this stock, I looked at it with the idea it was the first time I was considering buying it (graph wise), but with the knowledge of the company and its products Because of that, I was willing to hold it long term, and allowed me to be a little more aggressive in buying it for a new trip. Eighth Lesson: I have been willing to sell when it seemed right, and stuck to my discipline to sell at least half, once I had doubled, on any sign of weakness. While I tried to buy back the latest half position I sold, I don't regret the decision to sell or where I set my buyback limit, it was correct then, and remains correct now. I will miss this stock as an old friend once I sell the last of it, but have traded it correctly. And I have done the things it takes to hold a stock for a multi-hundred percent gain. Despite that, I have not become so emotionally entangled that it has clouded my thinking (well, not much, anyway). I think the real keys for me were the early profits, and the belief in the company's business model. WON addresses both of these to some degree in this section of HTMMIS. Tom Worley
stkguru@netside.net  
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