From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1358 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 Friday, May 11 2001 Volume 02 : Number 1358 In this issue: Re: [CANSLIM] I believe that ACLNF is about to break out ... Re: [CANSLIM] IGT Re: [CANSLIM] I believe that ACLNF is about to break out ... Re: [CANSLIM] IGT Re: [CANSLIM] I believe that ACLNF is about to break out ... Re: [CANSLIM] I believe that ACLNF is about to break out ... RE: [CANSLIM] SRCL is up Re: [CANSLIM] I believe that ACLNF is about to break out ... RE: [CANSLIM] SRCL is up Re: [CANSLIM] IGT Re: [CANSLIM] RS question ... RE: [CANSLIM] SRCL is up ---------------------------------------------------------------------- Date: 11 May 2001 13:17:42 -0700 From: "Tim Fisher" Subject: Re: [CANSLIM] I believe that ACLNF is about to break out ... GRS, RS, "N", dunno about EPS, but I suspect it is not 80...a handle may be forming now, but it has certainly not formed "in the top half of the cup", per WON. In fact, if I turn my monitor upside down, I then see a perfect C&H. Is this a new pattern then? A "reverse C&H?" Do we have something here? For shorts, that is... At 01:02 PM 5/11/2001 -0700, you wrote: >Tim: > >I see the cup from last Sept to late Feb. The handle from early March until >now. I see this breakout as the steep upper right side of the handle. The >50/200 day moving averages are just over $24, and we broke through them a >few days back. > >Which 4 CANSLIM criteria does ACLNF fail? > >Thanks a lot, > >Ian > > >----- Original Message ----- >From: Tim Fisher >To: >Sent: Friday, May 11, 2001 11:35 AM >Subject: Re: [CANSLIM] I believe that ACLNF is about to break out ... > > > > I see a cup but just climbing the right side; where is the handle? What I > > see is a broken down LLUR at best. Encouraging that it broke over the > > 50/200 dma. But it fails about 3-4 of my criteria for CANSLIM. Was >marginal > > CANSLIM last summer; isn't any more. > > > > At 08:29 AM 5/11/2001 -0700, you wrote: > > >I have been wrong on ACLNF before, so take this with a grain of salt, but > > >... > > > > > >It seems to me that there is a breakout building here (check the chart >over > > >the past 14 days - green on 12 of them on strong volume). There is a > > >beautiful cup and handle here, with the trigger around $29.40. If it >takes > > >this out today, I don't see much resistance until last summers highs > > >($35.40). They announced 1st quarter shipping volume (up 122% over last > > >year), but haven't announced financials yet. EPS will definitely NOT be >up > > >122%, as margins are down a bit, and costs are up. > > > > > >THe nice thing is that they are set to earn $4+ this year on strong 60%+ > > >growth, so the valuation on a P/E and P/S basis is still reasonable, >IMHO. > > > > > >The RS has been absolutely screaming up over the past 6-7 days - from 48 > > >early last week to 72 yesterday. > > > > > >There is TONS of resistance at $29 - so it should run nicely if that is > > >taken out. We'll see. > > > > > >Ian > > > > > > > > >- > > >-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. 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. ------------------------------ Date: Fri, 11 May 2001 14:17:22 -0700 From: DougC Subject: Re: [CANSLIM] IGT It does look better than it did three weeks ago when it first appeared it was going to prematurely breakout. Seems like a long handle...three weeks if you start from that failed breakout. The base from left peak to the first b/o attempt is less than 7 weeks. If the 4/26 peak of 57.74 is the start of the handle then it's two weeks old. From that point to today it's decreased 7 % which isnt bad for a handle. Depth of the cup is about 19%. The handle is dipping ever so close to the 50dma. I'm hoping it finally breaks out next week. I'm getting impatient. At 01:14 PM 5/11/01 -0600, you wrote: >This one was being discussed here a couple weeks ago, so maybe >someone has an opinion on it. It now looks like the previous >breakout was premature, and it is now forming a handle, and could >be ripe for another breakout from a more completely formed cup >and handle. Any comments? > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. Doug Chiurato dzc@qwest.net - - - -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, 11 May 2001 13:49:50 -0700 From: "Ian" Subject: Re: [CANSLIM] I believe that ACLNF is about to break out ... Todays numbers for ACLNF are: 98 71 C A A. EPS is definitely 'not 80' - 98 is much better than 80. RS should hit 75 after today. The GRS is poor, although OSG and FRONY are at new highs and looking strong, and ACLNF is up 65% in the last year - so there must be a lot of weak siblings holding them back - not a good sign. I totally agreee with you about the depth of the cup. If the pullback was limited to 15%, it would have bottomed around $24.65, instead of $22 - that would have been better. I guess ACLNF appeals to me on valuation as well - 50% of their business is from selling new cars. They sold 14,000 all last year, and already have fixed contracts for 31,000 this year, shipping 6,500 in the first Q. So 50% of their business is growing at more than 100%, and it is already 'backlog'. So a P/S of 2 and a forward P/E of 7 for a company with this kind of growth is appealing to me. I sure hope it sustains the recent volume - as that would solve the RS problem. We'll see. Looking back over the last 5 years, up until last summer, ACLNF was, IMHO, the poster-child for a perfect CANSLIM stock. 80% compounded revenue and EPS with huge margins and a rising share price. We'll have to wait and see if it can regain that form. I'll let the market tell me now. Cheers, Ian - ----- Original Message ----- From: Tim Fisher To: Sent: Friday, May 11, 2001 1:17 PM Subject: Re: [CANSLIM] I believe that ACLNF is about to break out ... > GRS, RS, "N", dunno about EPS, but I suspect it is not 80...a handle may be > forming now, but it has certainly not formed "in the top half of the cup", > per WON. In fact, if I turn my monitor upside down, I then see a perfect > C&H. Is this a new pattern then? A "reverse C&H?" Do we have something > here? For shorts, that is... > > At 01:02 PM 5/11/2001 -0700, you wrote: > >Tim: > > > >I see the cup from last Sept to late Feb. The handle from early March until > >now. I see this breakout as the steep upper right side of the handle. The > >50/200 day moving averages are just over $24, and we broke through them a > >few days back. > > > >Which 4 CANSLIM criteria does ACLNF fail? > > > >Thanks a lot, > > > >Ian > > > > > >----- Original Message ----- > >From: Tim Fisher > >To: > >Sent: Friday, May 11, 2001 11:35 AM > >Subject: Re: [CANSLIM] I believe that ACLNF is about to break out ... > > > > > > > I see a cup but just climbing the right side; where is the handle? What I > > > see is a broken down LLUR at best. Encouraging that it broke over the > > > 50/200 dma. But it fails about 3-4 of my criteria for CANSLIM. Was > >marginal > > > CANSLIM last summer; isn't any more. > > > > > > At 08:29 AM 5/11/2001 -0700, you wrote: > > > >I have been wrong on ACLNF before, so take this with a grain of salt, but > > > >... > > > > > > > >It seems to me that there is a breakout building here (check the chart > >over > > > >the past 14 days - green on 12 of them on strong volume). There is a > > > >beautiful cup and handle here, with the trigger around $29.40. If it > >takes > > > >this out today, I don't see much resistance until last summers highs > > > >($35.40). They announced 1st quarter shipping volume (up 122% over last > > > >year), but haven't announced financials yet. EPS will definitely NOT be > >up > > > >122%, as margins are down a bit, and costs are up. > > > > > > > >THe nice thing is that they are set to earn $4+ this year on strong 60%+ > > > >growth, so the valuation on a P/E and P/S basis is still reasonable, > >IMHO. > > > > > > > >The RS has been absolutely screaming up over the past 6-7 days - from 48 > > > >early last week to 72 yesterday. > > > > > > > >There is TONS of resistance at $29 - so it should run nicely if that is > > > >taken out. We'll see. > > > > > > > >Ian > > > > > > > > > > > >- > > > >-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. > > 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: Fri, 11 May 2001 16:36:39 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] IGT Patrick and Doug, Today in IBD in "New Buys of Top-Rated Mutual Funds", IGT is listed as having been bought by 17 A+, A, or A- funds that have invested $215 Million in it. Now, as I understand the table, these are the funds that have either bought or increased their position in the most recent period. I recall Tom saying he liked the looks and temper of IGT. Apparently, he is in good company. jans In a message dated 5/11/2001 4:18:27 PM Eastern Daylight Time, dzc@qwest.net writes: << It does look better than it did three weeks ago when it first appeared it was going to prematurely breakout. Seems like a long handle...three weeks if you start from that failed breakout. The base from left peak to the first b/o attempt is less than 7 weeks. If the 4/26 peak of 57.74 is the start of the handle then it's two weeks old. From that point to today it's decreased 7 % which isnt bad for a handle. Depth of the cup is about 19%. The handle is dipping ever so close to the 50dma. I'm hoping it finally breaks out next week. I'm getting impatient. At 01:14 PM 5/11/01 -0600, you wrote: >This one was being discussed here a couple weeks ago, so maybe >someone has an opinion on it. It now looks like the previous >breakout was premature, and it is now forming a handle, and could >be ripe for another breakout from a more completely formed cup >and handle. Any comments? > >> - - - -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, 11 May 2001 14:41:45 -0700 From: DougC Subject: Re: [CANSLIM] I believe that ACLNF is about to break out ... DGO shows latest quarterly earnings coming out around 05/30. Must be good numbers expected...the upward momentum of price/vol over the past two weeks looks strong. EPS is 98. GRS is 58 which is too low for me for this particular stock at least. If I was looking to buy this stock I would wait until it hit somewhere near 35 then formed a handle not lower than 30. I wouldnt call the chart pattern from March to May a handle either. It's starting at 50%level of cup and goes down to the bottom level of the cup. At 01:17 PM 5/11/01 -0700, you wrote: >GRS, RS, "N", dunno about EPS, but I suspect it is not 80...a handle may >be forming now, but it has certainly not formed "in the top half of the >cup", per WON. In fact, if I turn my monitor upside down, I then see a >perfect C&H. Is this a new pattern then? A "reverse C&H?" Do we have >something here? For shorts, that is... > >At 01:02 PM 5/11/2001 -0700, you wrote: >>Tim: >> >>I see the cup from last Sept to late Feb. The handle from early March until >>now. I see this breakout as the steep upper right side of the handle. The >>50/200 day moving averages are just over $24, and we broke through them a >>few days back. >> >>Which 4 CANSLIM criteria does ACLNF fail? >> >>Thanks a lot, >> >>Ian >> >> >>----- Original Message ----- >>From: Tim Fisher >>To: >>Sent: Friday, May 11, 2001 11:35 AM >>Subject: Re: [CANSLIM] I believe that ACLNF is about to break out ... >> >> >> > I see a cup but just climbing the right side; where is the handle? What I >> > see is a broken down LLUR at best. Encouraging that it broke over the >> > 50/200 dma. But it fails about 3-4 of my criteria for CANSLIM. Was >>marginal >> > CANSLIM last summer; isn't any more. >> > >> > At 08:29 AM 5/11/2001 -0700, you wrote: >> > >I have been wrong on ACLNF before, so take this with a grain of salt, but >> > >... >> > > >> > >It seems to me that there is a breakout building here (check the chart >>over >> > >the past 14 days - green on 12 of them on strong volume). There is a >> > >beautiful cup and handle here, with the trigger around $29.40. If it >>takes >> > >this out today, I don't see much resistance until last summers highs >> > >($35.40). They announced 1st quarter shipping volume (up 122% over last >> > >year), but haven't announced financials yet. EPS will definitely NOT be >>up >> > >122%, as margins are down a bit, and costs are up. >> > > >> > >THe nice thing is that they are set to earn $4+ this year on strong 60%+ >> > >growth, so the valuation on a P/E and P/S basis is still reasonable, >>IMHO. >> > > >> > >The RS has been absolutely screaming up over the past 6-7 days - from 48 >> > >early last week to 72 yesterday. >> > > >> > >There is TONS of resistance at $29 - so it should run nicely if that is >> > >taken out. We'll see. >> > > >> > >Ian >> > > >> > > >> > >- >> > >-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. > >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. Doug Chiurato dzc@qwest.net - - - -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: 11 May 2001 13:51:00 -0700 From: "Tim Fisher" Subject: Re: [CANSLIM] I believe that ACLNF is about to break out ... I agree with the last summer part. Again, I do not have DGO, so I can only guess at some of the numbers. I once owned and made money with ACLNF, so I don't have anything against it - just that there are 100 or more stocks out there that do make my scans, so I don't need to follow ones with sub-par numbers... At 01:49 PM 5/11/2001 -0700, you wrote: >Todays numbers for ACLNF are: 98 71 C A A. EPS is definitely 'not 80' - 98 >is much better than 80. RS should hit 75 after today. > >The GRS is poor, although OSG and FRONY are at new highs and looking strong, >and ACLNF is up 65% in the last year - so there must be a lot of weak >siblings holding them back - not a good sign. > >I totally agreee with you about the depth of the cup. If the pullback was >limited to 15%, it would have bottomed around $24.65, instead of $22 - that >would have been better. > >I guess ACLNF appeals to me on valuation as well - 50% of their business is >from selling new cars. They sold 14,000 all last year, and already have >fixed contracts for 31,000 this year, shipping 6,500 in the first Q. So 50% >of their business is growing at more than 100%, and it is already 'backlog'. >So a P/S of 2 and a forward P/E of 7 for a company with this kind of growth >is appealing to me. I sure hope it sustains the recent volume - as that >would solve the RS problem. We'll see. > >Looking back over the last 5 years, up until last summer, ACLNF was, IMHO, >the poster-child for a perfect CANSLIM stock. 80% compounded revenue and EPS >with huge margins and a rising share price. We'll have to wait and see if it >can regain that form. I'll let the market tell me now. > >Cheers, > >Ian > > >----- Original Message ----- >From: Tim Fisher >To: >Sent: Friday, May 11, 2001 1:17 PM >Subject: Re: [CANSLIM] I believe that ACLNF is about to break out ... > > > > GRS, RS, "N", dunno about EPS, but I suspect it is not 80...a handle may >be > > forming now, but it has certainly not formed "in the top half of the cup", > > per WON. In fact, if I turn my monitor upside down, I then see a perfect > > C&H. Is this a new pattern then? A "reverse C&H?" Do we have something > > here? For shorts, that is... > > > > At 01:02 PM 5/11/2001 -0700, you wrote: > > >Tim: > > > > > >I see the cup from last Sept to late Feb. The handle from early March >until > > >now. I see this breakout as the steep upper right side of the handle. >The > > >50/200 day moving averages are just over $24, and we broke through them a > > >few days back. > > > > > >Which 4 CANSLIM criteria does ACLNF fail? > > > > > >Thanks a lot, > > > > > >Ian > > > > > > > > >----- Original Message ----- > > >From: Tim Fisher > > >To: > > >Sent: Friday, May 11, 2001 11:35 AM > > >Subject: Re: [CANSLIM] I believe that ACLNF is about to break out ... > > > > > > > > > > I see a cup but just climbing the right side; where is the handle? >What I > > > > see is a broken down LLUR at best. Encouraging that it broke over the > > > > 50/200 dma. But it fails about 3-4 of my criteria for CANSLIM. Was > > >marginal > > > > CANSLIM last summer; isn't any more. > > > > > > > > At 08:29 AM 5/11/2001 -0700, you wrote: > > > > >I have been wrong on ACLNF before, so take this with a grain of salt, >but > > > > >... > > > > > > > > > >It seems to me that there is a breakout building here (check the >chart > > >over > > > > >the past 14 days - green on 12 of them on strong volume). There is a > > > > >beautiful cup and handle here, with the trigger around $29.40. If it > > >takes > > > > >this out today, I don't see much resistance until last summers highs > > > > >($35.40). They announced 1st quarter shipping volume (up 122% over >last > > > > >year), but haven't announced financials yet. EPS will definitely NOT >be > > >up > > > > >122%, as margins are down a bit, and costs are up. > > > > > > > > > >THe nice thing is that they are set to earn $4+ this year on strong >60%+ > > > > >growth, so the valuation on a P/E and P/S basis is still reasonable, > > >IMHO. > > > > > > > > > >The RS has been absolutely screaming up over the past 6-7 days - from >48 > > > > >early last week to 72 yesterday. > > > > > > > > > >There is TONS of resistance at $29 - so it should run nicely if that >is > > > > >taken out. We'll see. > > > > > > > > > >Ian > > > > > > > > > > > > > > >- > > > > >-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. > > > > 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. 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. ------------------------------ Date: Fri, 11 May 2001 17:29:42 -0500 From: "Dempsey, Chris" Subject: RE: [CANSLIM] SRCL is up This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C0DA69.DFBCD690 Content-Type: text/plain; charset="iso-8859-1" WON mentions buying at the 50 day moving average often, including today's "Ask Bill O'Neil", it is very CANSLIM. I guess you need to read more. In an interview of WON, by Kevin Marder a couple of years ago, Marder reported that after questioning WON about holdings in AOL that WON had responded yes. (Marder noted that a week earlier WON did not have any holdings in AOL). This was a time when AOL was working on the bottom of a cup near the moving average. WON bought then? This is also a bounce off of support at 40, 40 used to be resistance, hardly the type of stock that turns and falls 25% to its 200 day. The volume definitely wasn't there today. - -----Original Message----- From: Tim Fisher [mailto:tim@orerockon.com] Sent: Friday, May 11, 2001 1:39 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] SRCL is up I would not consider SRCL. This is pull back to support at 40. If anything it ultimately trades off the 200 dma, which is down about 25% from the high. If anything, if today proves to be a volume move, which so far it isn't, I'd be tempted to take a 1/2 position. Then again, there are so many better candidates out there right now, I probably would take a pass. Buying this type of pattern (it isn't in any pattern WON mentions, IMHO), is definitely not CANSLIM, volume aside. At 01:06 PM 5/11/2001 -0500, you wrote: >SRCL - There are many ways WON teaches to buy stocks. Not just cup with >handles. This one appears to be bouncing off the 50 day moving average >which he talks about often. If it does this on good volume, this could be >a good entry point. This stock is on my watch list and also meets the >group criteria. I then scan my list everyday at lunch for high volume. >This stock looks like it will not hit +50% volume today but it will hit >average volume easily. I believe these kind of patterns can be highly >profitable if bought on high volume. > >-----Original Message----- >From: asosis@ca.ibm.com [mailto:asosis@ca.ibm.com] >Sent: Friday, May 11, 2001 10:47 AM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] PCP B/O, SRCL is up > > >SRCL is starting to move up - up 5%, volume is already at 50% ADV. I have >never bought off this kind of a pullback. Has anyone done this kind of buy >before? The action looks similar to the one of HOTT. ANy opinions? - ------_=_NextPart_001_01C0DA69.DFBCD690 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable RE: [CANSLIM] SRCL is up

WON mentions buying at the 50 day moving average = often, including today's "Ask Bill O'Neil", it is very = CANSLIM. I guess you need to read more.

In an interview of WON, by Kevin Marder a couple of = years ago, Marder reported that after questioning WON about holdings in = AOL that WON had responded yes. (Marder noted that a week earlier WON = did not have any holdings in AOL). This was a time when AOL was working = on the bottom of a cup near the moving average. WON bought = then?

This is also a bounce off of support at 40, 40 used = to be resistance, hardly the type of stock that turns and falls 25% to = its 200 day.

The volume definitely wasn't there today.

-----Original Message-----
From: Tim Fisher [mailto:tim@orerockon.com]
Sent: Friday, May 11, 2001 1:39 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] SRCL is up

I would not consider SRCL. This is pull back to = support at 40. If anything
it ultimately trades off the 200 dma, which is  = down about 25% from the
high.  If anything, if today proves to be a = volume move, which so far it
isn't, I'd be tempted to take a 1/2 position. Then = again, there are so many
better candidates out there right now, I probably = would take a pass.

Buying this type of pattern (it isn't in any pattern = WON mentions, IMHO),
is definitely not CANSLIM, volume aside.

At 01:06 PM 5/11/2001 -0500, you wrote:

>SRCL - There are many ways WON teaches to buy = stocks. Not just cup with
>handles. This one appears to be bouncing off the = 50 day moving average
>which he talks about often. If it does this on = good volume, this could be
>a good entry point. This stock is on my watch = list and also meets the
>group criteria. I then scan my list everyday at = lunch for high volume.
>This stock looks like it will not hit +50% = volume today but it will hit
>average volume easily. I believe these kind of = patterns can be highly
>profitable if bought on high volume.
>
>-----Original Message-----
>From: asosis@ca.ibm.com [<mailto:asosis@ca.ibm.com>mailto:asosis@ca.ibm.com]
>Sent: Friday, May 11, 2001 10:47 AM
>To: canslim@lists.xmission.com
>Subject: Re: [CANSLIM] PCP B/O, SRCL is = up
>
>
>SRCL is starting to move up - up 5%, volume is = already at 50% ADV.  I have
>never bought off this kind of a pullback.  = Has anyone done this kind of buy
>before?  The action looks similar to the = one of HOTT.  ANy opinions?

- ------_=_NextPart_001_01C0DA69.DFBCD690-- - - - -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, 11 May 2001 16:32:10 -0600 From: esetser Subject: Re: [CANSLIM] I believe that ACLNF is about to break out ... Yes, WON says you should only consider handles in the top 50% of the cup. That isn't a 50% gain in price, just half-way up or more. To calculate this, take the 52 week high, and subtract the low since then. Take 1/2 of the value and add it back to the low, that gives you the 50% point of the cup. Also, WON has indicated that the higher the handle, the better. I don't remember an exact number, but I like to see something like 75% for the most part. This reduces the amount of overhead resistance on the right side of the cup. > >I was talking about "gap down" that happened about 9 month ago (Did I get >that wrong? Don't think so). >I have read that it is preferable to buy stocks that have formed handles in >the upper 1/2 of the cup (or have made 50% advance off the lows if you are >buying from a double bottom without handle break out). >I think WON is even more particular about this requirement and I believe >Earl has recently pointed out that according to WON the handle should form >in the upper 1/3 of the cup. > > >Anna > > >Spencer48@aol.com@lists.xmission.com on 05/11/2001 01:25:05 PM > >Please respond to canslim@lists.xmission.com > >Sent by: owner-canslim@lists.xmission.com > > >To: canslim@lists.xmission.com >cc: >Subject: Re: [CANSLIM] I believe that ACLNF is about to break out ... > > >Anna: > > What do you mean by "gap"? I would think you mean by "gap", the area >from 30 to 34.5 (where 34.5 is the old high). In any event, it looks like >it's really extended and there is no handle on low volume at all. It looks > >like it might be a play for an momentum investor-but even then, one would >think the stock would only be invested in during a bull market. > > Also, you point out that the stock has not advanced 50% from its early > >April low. Does WON say that a 50% advance is necessary before purchasing >the right lip of a cup and handle-and/or does he require for the left side >of >a C&H to rise 50% from its previous low? > >jans > > > >In a message dated 5/11/2001 12:49:10 PM Eastern Daylight Time, >asosis@ca.ibm.com writes: > ><< The gap from 33.5 to 30.5 could be strong restance for the stock. At > 29.40 you are buying right before R. > Also, the stock has not advanced at least 50% from the low of its decline. > (50% is somewhere around 30, right where the gap occurs). > Bottom line: I would keep an eye on it, but would not buy it right now. > I'd like to see how it will manage through the gap and would wait for it >to > consolidate after that. >> > >- >-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. > > - - - -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, 11 May 2001 16:37:45 -0600 From: esetser Subject: RE: [CANSLIM] SRCL is up If you are buying a pullback on a previous breakout, I don't think you should use the 1.5XADV. If anything, you want to be sure the stock is moving up on good volume days, and the pullback is on lower volume days. That gives the an indication that the stock may be "resting" a bit, but the buyers still look to be outpacing the sellers. I haven't any experience buying pullbacks more than maybe 4 or 5 days later, so I don't have much experience with these. However, it does look like SRCL has had 4 plus days (of 9) on good volume that was well above the volume on the 4 down days in this timeframe. I would consider that bullish. At 03:50 PM 5/11/01 -0400, you wrote: > >Everyone, thank you for your replies. > >What kind of volume should one be looking for? The usual 50% or so above >ADV? What is "good volume" for this kind of pattern? > >Anna > > >"Dempsey, Chris" @lists.xmission.com on >05/11/2001 02:06:12 PM > >Please respond to canslim@lists.xmission.com > >Sent by: owner-canslim@lists.xmission.com > > >To: "'canslim@lists.xmission.com'" >cc: >Subject: RE: [CANSLIM] SRCL is up > > >SRCL - There are many ways WON teaches to buy stocks. Not just cup with >handles. This one appears to be bouncing off the 50 day moving average >which he talks about often. If it does this on good volume, this could be a >good entry point. This stock is on my watch list and also meets the group >criteria. I then scan my list everyday at lunch for high volume. This stock >looks like it will not hit +50% volume today but it will hit average volume >easily. I believe these kind of patterns can be highly profitable if bought >on high volume. > > >-----Original Message----- >From: asosis@ca.ibm.com [mailto:asosis@ca.ibm.com] >Sent: Friday, May 11, 2001 10:47 AM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] PCP B/O, SRCL is up > > > > > > >SRCL is starting to move up - up 5%, volume is already at 50% ADV. I have >never bought off this kind of a pullback. Has anyone done this kind of buy > >before? The action looks similar to the one of HOTT. ANy opinions? > > >Also, PCP broke out yesterday. Fundies are great. Thoughts on the chart? > > >Anna > > > > > >- >-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. > > - - - -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, 11 May 2001 16:41:13 -0600 From: esetser Subject: Re: [CANSLIM] IGT For the most part, I agree. The previous base and breakout was only 6 weeks, give or take, so it never made my watch list. (I follow the 7 week base minimum very closely, although IBD has recently said 5 weeks is good for a flat base.) The action since then looks to be a nice, lazy handle, and has added enough time to the base to add up to 9 weeks or so. I think a solid breakout on good volume above the handle (59.13 pivot) would be very tempting!! At 01:14 PM 5/11/01 -0600, you wrote: >This one was being discussed here a couple weeks ago, so maybe >someone has an opinion on it. It now looks like the previous >breakout was premature, and it is now forming a handle, and could >be ripe for another breakout from a more completely formed cup >and handle. Any comments? > >- >-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: 11 May 2001 17:24:30 CDT From: Fanus Subject: Re: [CANSLIM] RS question ... I think RS is based on a weighted calculation with more weight given to t= he last couple of months. As you can see ACLNF didn't do terribly good over = the last 3 months (except for the last couple of days), which is reflected in= the 71 RS ranking. It is little oversimplifying to judge a bull/bear market by relative stre= ngth. If a stock go down less than other stocks, it still can have a good RS ranking. This is what the "R" is for. It is a relative measurement. - - Fanus "Ian" wrote: I see that ACLNF has a RS of 71 now. 1 year ago it was at $18, and was at= $28.20 yesterday. That is a 56% increase in the last year. Does an ACLNF = RS of 71 mean that 29% of all publicly traded companies are up 56% or more o= ver the last year? If so, it sure doesn't sound like a terrible bear market = to me - perhaps the energy/financials/retailers/homebuilders make up 30% of = the market?. Is my interpretation correct? Thanks, Ian - - - -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 free email and a permanent address at http://www.netaddress.com/?N=3D= 1 - - - -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: 11 May 2001 16:20:53 -0700 From: "Tim Fisher" Subject: RE: [CANSLIM] SRCL is up Au contraire, look at the chart, SRCL frequently does bounce off its 200 dma on an intraday basis, which looks suspiciously like stop-sweeping behavior by the MM. At 05:29 PM 5/11/2001 -0500, you wrote: >WON mentions buying at the 50 day moving average often, including today's >"Ask Bill O'Neil", it is very CANSLIM. I guess you need to read more. > >In an interview of WON, by Kevin Marder a couple of years ago, Marder >reported that after questioning WON about holdings in AOL that WON had >responded yes. (Marder noted that a week earlier WON did not have any >holdings in AOL). This was a time when AOL was working on the bottom of a >cup near the moving average. WON bought then? > >This is also a bounce off of support at 40, 40 used to be resistance, >hardly the type of stock that turns and falls 25% to its 200 day. > >The volume definitely wasn't there today. > >-----Original Message----- >From: Tim Fisher [mailto:tim@orerockon.com] >Sent: Friday, May 11, 2001 1:39 PM >To: canslim@lists.xmission.com >Subject: RE: [CANSLIM] SRCL is up > >I would not consider SRCL. This is pull back to support at 40. If anything >it ultimately trades off the 200 dma, which is down about 25% from the >high. If anything, if today proves to be a volume move, which so far it >isn't, I'd be tempted to take a 1/2 position. Then again, there are so many >better candidates out there right now, I probably would take a pass. > >Buying this type of pattern (it isn't in any pattern WON mentions, IMHO), >is definitely not CANSLIM, volume aside. > >At 01:06 PM 5/11/2001 -0500, you wrote: > > >SRCL - There are many ways WON teaches to buy stocks. Not just cup with > >handles. This one appears to be bouncing off the 50 day moving average > >which he talks about often. If it does this on good volume, this could be > >a good entry point. This stock is on my watch list and also meets the > >group criteria. I then scan my list everyday at lunch for high volume. > >This stock looks like it will not hit +50% volume today but it will hit > >average volume easily. I believe these kind of patterns can be highly > >profitable if bought on high volume. > > > >-----Original Message----- > >From: asosis@ca.ibm.com > [<mailto:asosis@ca.ibm.com>mailto:asosis@ca.ibm.com] > >Sent: Friday, May 11, 2001 10:47 AM > >To: canslim@lists.xmission.com > >Subject: Re: [CANSLIM] PCP B/O, SRCL is up > > > > > >SRCL is starting to move up - up 5%, volume is already at 50% ADV. I have > >never bought off this kind of a pullback. Has anyone done this kind of buy > >before? The action looks similar to the one of HOTT. ANy opinions? 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. ------------------------------ End of canslim-digest V2 #1358 ****************************** 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.