From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1392 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Wednesday, May 23 2001 Volume 02 : Number 1392 In this issue: [CANSLIM] DGO service down? RE: [CANSLIM] Re: Analyst up/downgrades Re: [CANSLIM] DGO service down? Re: [CANSLIM] Re: Analyst up/downgrades Re: [CANSLIM] DGO service down? RE: [CANSLIM] Re: Analyst up/downgrades Re: [CANSLIM] IGT Re: [CANSLIM] DGO service down? Re: [CANSLIM] DGO service down? [CANSLIM] Duplicate Messages [CANSLIM] MSS [CANSLIM] HIBB Breakout [CANSLIM] COCO - RIP RE: [CANSLIM] Re: Analyst up/downgrades RE: [CANSLIM] Re: Analyst up/downgrades Re: [CANSLIM] COCO - RIP RE: [CANSLIM] COCO - RIP Re: [CANSLIM] Re: Analyst up/downgrades - COCO [CANSLIM] For Walter Stock [CANSLIM] SJT Sloping handle ?? Re: [CANSLIM] HIBB Breakout RE: [CANSLIM] Re: Analyst up/downgrades ---------------------------------------------------------------------- Date: Wed, 23 May 2001 09:43:56 -0400 From: "Rick Parsons" Subject: [CANSLIM] DGO service down? This is a multi-part message in MIME format. - ------=_NextPart_000_0014_01C0E36C.E2DECFC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Is it just me or are others having problems opening DGO this morning? = (5/23) Rick - ------=_NextPart_000_0014_01C0E36C.E2DECFC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Is it just me or are others having problems = opening DGO=20 this morning? (5/23)

Rick

- ------=_NextPart_000_0014_01C0E36C.E2DECFC0-- - - - -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, 23 May 2001 09:47:23 -0400 From: "Rick Parsons" Subject: RE: [CANSLIM] Re: Analyst up/downgrades COCO was downgraded this morning and I got stopped out! Darn Analysts. Rick - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Cameron Sent: Tuesday, May 22, 2001 10:11 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Re: Analyst up/downgrades Patti, I'm very cynical on analyst downgrades (or upgrades). As a general rule, in the recent bear on the Nasdaq, analysts for major brokerage houses would rate companies like CSCO as a strong buy half way down its descent. At that point, they'd say it was overvalued (AFTER it had already shed 30% - and they'd probably got their clients out). This proclamation generally was the catalyst for another quick fall. On the flip side, I've been burned in bull markets this way. I once bought a stock on a breakout to a new high. 2 days later, it was downgraded by a Merrill Lynch analyst. The stock quickly dropped 15% on the announcement - leaving me with a quick 8% loss. Silly me, I figured the only reason the stock went down was because of the analyst downgrade. Well, I learned the hard way that once Merrill Lynch talks, others follow. A week later, the stock was down 25%, and I was still holding it. I had to sell then, realizing I was wrong. 3 months later it got back above my buy price. I'm confident that had ML not downgraded the stock, I would have had a profit. My two cents, Dave ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ 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: Wed, 23 May 2001 09:59:43 -0400 From: "Drewcorp" Subject: Re: [CANSLIM] DGO service down? This is a multi-part message in MIME format. - ------=_NextPart_000_0018_01C0E36F.174EF760 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I am having problems opening DGO and investors.com!!!! ----- Original Message -----=20 From: Rick Parsons=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 23, 2001 9:43 AM Subject: [CANSLIM] DGO service down? Is it just me or are others having problems opening DGO this morning? = (5/23) Rick - ------=_NextPart_000_0018_01C0E36F.174EF760 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

I am having problems opening DGO and=20 investors.com!!!!

----- Original Message -----
From:=20 Rick Parsons
To: canslim@lists.xmission.com=

Sent: Wednesday, May 23, 2001 = 9:43=20 AM

Subject: [CANSLIM] DGO service=20 down?

Is it just me or are others having problems = opening=20 DGO this morning? (5/23)

Rick

- ------=_NextPart_000_0018_01C0E36F.174EF760-- - - - -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, 23 May 2001 10:00:44 -0400 From: "Drewcorp" Subject: Re: [CANSLIM] Re: Analyst up/downgrades If misery loves company .... so did I. - ----- Original Message ----- From: "Rick Parsons" To: Sent: Wednesday, May 23, 2001 9:47 AM Subject: RE: [CANSLIM] Re: Analyst up/downgrades > COCO was downgraded this morning and I got stopped out! Darn Analysts. > > Rick > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Cameron > Sent: Tuesday, May 22, 2001 10:11 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Re: Analyst up/downgrades > > > Patti, > > I'm very cynical on analyst downgrades (or upgrades). As a general > rule, in the recent bear on the Nasdaq, analysts for major brokerage > houses would rate companies like CSCO as a strong buy half way down > its descent. At that point, they'd say it was overvalued (AFTER it > had already shed 30% - and they'd probably got their clients out). > This proclamation generally was the catalyst for another quick fall. > > On the flip side, I've been burned in bull markets this way. I once > bought a stock on a breakout to a new high. 2 days later, it was > downgraded by a Merrill Lynch analyst. The stock quickly dropped > 15% on the announcement - leaving me with a quick 8% loss. Silly > me, I figured the only reason the stock went down was because of the > analyst downgrade. Well, I learned the hard way that once Merrill > Lynch talks, others follow. A week later, the stock was down 25%, > and I was still holding it. I had to sell then, realizing I was > wrong. 3 months later it got back above my buy price. I'm > confident that had ML not downgraded the stock, I would have had a > profit. > > My two cents, > > Dave > > > ===== > Dave Cameron > dfcameron@yahoo.com > > __________________________________________________ > 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. > - - - -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, 23 May 2001 08:04:02 -0600 From: esetser Subject: Re: [CANSLIM] DGO service down? It seems to be up now. And yes, I had trouble a few minutes ago. At 09:43 AM 5/23/01 -0400, you wrote: > Is it just me or are others having problems opening DGO this morning? >(5/23) Rick >> > - - - -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, 23 May 2001 08:05:04 -0600 From: esetser Subject: RE: [CANSLIM] Re: Analyst up/downgrades Ditto, at this point, I've been stopped out of 7 or 8 stocks during the last couple of months, and I think all but one were after analyst downgrades and comments either on the stock or the group (Home Builders). At 09:47 AM 5/23/01 -0400, you wrote: >COCO was downgraded this morning and I got stopped out! Darn Analysts. > >Rick > > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Cameron >Sent: Tuesday, May 22, 2001 10:11 PM >To: canslim@lists.xmission.com >Subject: [CANSLIM] Re: Analyst up/downgrades > > >Patti, > >I'm very cynical on analyst downgrades (or upgrades). As a general >rule, in the recent bear on the Nasdaq, analysts for major brokerage >houses would rate companies like CSCO as a strong buy half way down >its descent. At that point, they'd say it was overvalued (AFTER it >had already shed 30% - and they'd probably got their clients out). >This proclamation generally was the catalyst for another quick fall. > >On the flip side, I've been burned in bull markets this way. I once >bought a stock on a breakout to a new high. 2 days later, it was >downgraded by a Merrill Lynch analyst. The stock quickly dropped >15% on the announcement - leaving me with a quick 8% loss. Silly >me, I figured the only reason the stock went down was because of the >analyst downgrade. Well, I learned the hard way that once Merrill >Lynch talks, others follow. A week later, the stock was down 25%, >and I was still holding it. I had to sell then, realizing I was >wrong. 3 months later it got back above my buy price. I'm >confident that had ML not downgraded the stock, I would have had a >profit. > >My two cents, > >Dave > > >===== >Dave Cameron >dfcameron@yahoo.com > >__________________________________________________ >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. > > - - - -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, 23 May 2001 09:03:27 -0500 From: "David Squires" Subject: Re: [CANSLIM] IGT This is a example of a stock that is doing everything right. I would not worry about yesterdays heavy volume day because the prior two days of advance were on massive volume. Also, Greg Kuhn has noted that it is not uncommon to see a distribution day some time during the first 25% of a stocks advance. It is usually a headfake. It is the distribution after the 25% mark that is more indicative of a coming selloff, according to Kuhn. To answer your question simply compare today's volume to yesterday's to determine a distribution day. DSquires - ----- Original Message ----- From: "David S. Pinhasik" To: Sent: Wednesday, May 23, 2001 2:34 AM Subject: [CANSLIM] IGT > Can someone refresh my memory? IGT closed down yesterday on higher than > average volume - 1.34 ADV. Does it have to be over 1.5 ADV to be an > indication of distribution, or is 1.3 also a sign? Is this just normal > profit taking? > > David > > > > A professor is one who talks in someone else's sleep. > ============================================ > David S. Pinhasik > IBM Global Services (Israel) > @ Chaim Sheba Medical Center - Tel Hashomer, Israel > +972 3 530 5209 (new) > +972 3 534 5748 fax > +1 707 885 7831 US efax > dsap@shani.net > ============================================ > This signature and tagline were generated by SchizoSigz! > > > > > - > -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: Wed, 23 May 2001 08:52:45 -0500 From: Gene Ricci Subject: Re: [CANSLIM] DGO service down? This is a multi-part message in MIME format. - ------=_NextPart_000_0076_01C0E365.BC8356E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Rick, I just downloaded...... no problem. Gene ----- Original Message -----=20 From: Rick Parsons=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 23, 2001 8:43 AM Subject: [CANSLIM] DGO service down? Is it just me or are others having problems opening DGO this morning? = (5/23) Rick - ------=_NextPart_000_0076_01C0E365.BC8356E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Rick, I just downloaded...... no=20 problem.

Gene

----- Original Message -----
From:=20 Rick Parsons
To: canslim@lists.xmission.com=

Sent: Wednesday, May 23, 2001 = 8:43=20 AM

Subject: [CANSLIM] DGO service=20 down?

Is it just me or are others having problems = opening=20 DGO this morning? (5/23)

Rick

- ------=_NextPart_000_0076_01C0E365.BC8356E0-- - - - -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, 23 May 2001 10:32:42 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] DGO service down? Rick: I also had trouble connecting to DG this morning. I wrote to them, and here is there reply (apparently they were having problems at their end): Thank you for your recent e-mail to Daily Graphs Online. The message that you noted is an indication that your computer was not able to connect to our network. At the time this occurred, we were experiencing a minor issue that has since been resolved. Please log in to Daily Graphs Online at your earliest convenience. I thank you for your patience on this matter. Please write back if you have any questions or if we may assist you in any way. Best regards, Dan Daily Graphs Online jans In a message dated 5/23/2001 9:46:47 AM Eastern Daylight Time, RickParsons@Columbus.rr.com writes: << Is it just me or are others having problems opening DGO this morning? (5/23) Rick >> - - - -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, 23 May 2001 11:01:33 -0400 From: "Rick Parsons" Subject: [CANSLIM] Duplicate Messages Recently I am finding duplicate messages on this listserve. For example, one was sent at 12:15pm yesterday and the same message was received again at 4:12pm. Rick - - - -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, 23 May 2001 11:13:38 -0400 From: "Rick Parsons" Subject: [CANSLIM] MSS MSS 97, D,A,C,B but has nice earnings and growth rate. Looks like it is forming a shallow handle on declining volume. Comments? This is a new addition to the database. Rick - - - -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, 23 May 2001 11:21:16 -0400 From: "Rick Parsons" Subject: [CANSLIM] HIBB Breakout HIBB breaking out of a nice looking cup and handle on high volume today despite "M". Comments? Rick - - - -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, 23 May 2001 11:21:20 -0400 From: "Dave Rubin" Subject: [CANSLIM] COCO - RIP Another breakout bites the dust. Took a 4% loss on this one. I don't know about everyone else but this has been a frustrating time for me. The 'quality' breakouts are moving past the 5% limit too fast to be bought, even though they proceed to much bigger gains. Breakouts that actually give you a chance to buy within the 5% limit are failing days later. On top of that, the "anti-CANSLIM" approach of buying beaten down tech stocks would have produced stellar returns over the past month. I know discipline pays off in the end, but these past few weeks one could have done very well by stretching the CANSLIM rules just a bit... - - - -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, 23 May 2001 08:26:35 -0700 From: Tim Fisher Subject: RE: [CANSLIM] Re: Analyst up/downgrades If you had an 8% stop loss and caught the pivot within 5% you would still be in. Was your stop at your buy point? I am not at all concerned about COCO, as the list has discussed (too much) yesterday, these kind of downgrades are usually forgotten within 2 days of the knee-jerk sell-off. On 06:47 AM 5/23/01, Rick Parsons Said: >COCO was downgraded this morning and I got stopped out! Darn Analysts. > >Rick > > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Cameron >Sent: Tuesday, May 22, 2001 10:11 PM >To: canslim@lists.xmission.com >Subject: [CANSLIM] Re: Analyst up/downgrades > > >Patti, > >I'm very cynical on analyst downgrades (or upgrades). As a general >rule, in the recent bear on the Nasdaq, analysts for major brokerage >houses would rate companies like CSCO as a strong buy half way down >its descent. At that point, they'd say it was overvalued (AFTER it >had already shed 30% - and they'd probably got their clients out). >This proclamation generally was the catalyst for another quick fall. > >On the flip side, I've been burned in bull markets this way. I once >bought a stock on a breakout to a new high. 2 days later, it was >downgraded by a Merrill Lynch analyst. The stock quickly dropped >15% on the announcement - leaving me with a quick 8% loss. Silly >me, I figured the only reason the stock went down was because of the >analyst downgrade. Well, I learned the hard way that once Merrill >Lynch talks, others follow. A week later, the stock was down 25%, >and I was still holding it. I had to sell then, realizing I was >wrong. 3 months later it got back above my buy price. I'm >confident that had ML not downgraded the stock, I would have had a >profit. > >My two cents, > >Dave > > >===== >Dave Cameron >dfcameron@yahoo.com > >__________________________________________________ >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. 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: Wed, 23 May 2001 11:36:22 -0400 From: "Dave Rubin" Subject: RE: [CANSLIM] Re: Analyst up/downgrades WON is clear that sometimes you can and should get out of a stock before it is down 7-8% from your buy point if things don't look right. Today's free fall at the open was a clear sign to me not to wait for 8%. With the stock violating its pivot on high volume, something was clearly wrong. RYL is an even better example. It fell on huge volume on a downgrade on 5/16. With the pivot at 50.38, RYL would not have triggered stops for those who bought at the right time. But this downgrade was not forgotten days later, and RYL is now back into its base and shows no signs of recovery. Preservation of capital ... preservation of capital ... SERENITY NOW ... SERENITY NOW ... > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher > Sent: Wednesday, May 23, 2001 11:27 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Re: Analyst up/downgrades > > > If you had an 8% stop loss and caught the pivot within 5% you would still > be in. Was your stop at your buy point? I am not at all concerned about > COCO, as the list has discussed (too much) yesterday, these kind of > downgrades are usually forgotten within 2 days of the knee-jerk sell-off. > > On 06:47 AM 5/23/01, Rick Parsons Said: > >COCO was downgraded this morning and I got stopped out! Darn Analysts. > > > >Rick > > > > > >-----Original Message----- > >From: owner-canslim@lists.xmission.com > >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Cameron > >Sent: Tuesday, May 22, 2001 10:11 PM > >To: canslim@lists.xmission.com > >Subject: [CANSLIM] Re: Analyst up/downgrades > > > > > >Patti, > > > >I'm very cynical on analyst downgrades (or upgrades). As a general > >rule, in the recent bear on the Nasdaq, analysts for major brokerage > >houses would rate companies like CSCO as a strong buy half way down > >its descent. At that point, they'd say it was overvalued (AFTER it > >had already shed 30% - and they'd probably got their clients out). > >This proclamation generally was the catalyst for another quick fall. > > > >On the flip side, I've been burned in bull markets this way. I once > >bought a stock on a breakout to a new high. 2 days later, it was > >downgraded by a Merrill Lynch analyst. The stock quickly dropped > >15% on the announcement - leaving me with a quick 8% loss. Silly > >me, I figured the only reason the stock went down was because of the > >analyst downgrade. Well, I learned the hard way that once Merrill > >Lynch talks, others follow. A week later, the stock was down 25%, > >and I was still holding it. I had to sell then, realizing I was > >wrong. 3 months later it got back above my buy price. I'm > >confident that had ML not downgraded the stock, I would have had a > >profit. > > > >My two cents, > > > >Dave > > > > > >===== > >Dave Cameron > >dfcameron@yahoo.com > > > >__________________________________________________ > >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. > > 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. ------------------------------ Date: Wed, 23 May 2001 08:40:13 -0700 From: "Sisyphus" Subject: Re: [CANSLIM] COCO - RIP I'm new to this list. Y'all look like a dedicated and knowledgeable bunch.= I'm glad I found you. I'm with you. I have been stopped out several times during the past= month...COCO, PPDI, CHIC, BZH. I suppose I shouldn't be *too* miffed= about this, since being stopped out has kept me ahead, but certainly not= spectacularly ahead. I would have have been much better off sinking the= money into an index fund or something than playing the CANSLIM game, so= whether I should be or not, I'm peeved! John *********** REPLY SEPARATOR *********** On 5/23/2001 at 11:21 AM Dave Rubin wrote: >Another breakout bites the dust. Took a 4% loss on this one. > >I don't know about everyone else but this has been a frustrating time for >me. The 'quality' breakouts are moving past the 5% limit too fast to be >bought, even though they proceed to much bigger gains. Breakouts that >actually give you a chance to buy within the 5% limit are failing days >later. > >On top of that, the "anti-CANSLIM" approach of buying beaten down tech >stocks would have produced stellar returns over the past month. > >I know discipline pays off in the end, but these past few weeks one could >have done very well by stretching the CANSLIM rules just a bit... > > >- >-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: Wed, 23 May 2001 11:44:33 -0400 From: "Rick Parsons" Subject: RE: [CANSLIM] COCO - RIP Interesting comment about quality breakouts moving past the 5% limit to fast. I had just posted a comment on Software Tools and got several responses that indicated that one does not have to watch the market all day long. Several made comments they check now and then from work. I would imagine that in order to catch these "5% limit" stocks one would have to be by a realtime monitor. Rick - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Rubin Sent: Wednesday, May 23, 2001 11:21 AM To: canslim@lists.xmission.com Subject: [CANSLIM] COCO - RIP Another breakout bites the dust. Took a 4% loss on this one. I don't know about everyone else but this has been a frustrating time for me. The 'quality' breakouts are moving past the 5% limit too fast to be bought, even though they proceed to much bigger gains. Breakouts that actually give you a chance to buy within the 5% limit are failing days later. On top of that, the "anti-CANSLIM" approach of buying beaten down tech stocks would have produced stellar returns over the past month. I know discipline pays off in the end, but these past few weeks one could have done very well by stretching the CANSLIM rules just a bit... - - - -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: Wed, 23 May 2001 10:43:39 -0500 From: "David Squires" Subject: Re: [CANSLIM] Re: Analyst up/downgrades - COCO I agree. This thing should have been bought around 45ish giving a stop of roughly 41 1/2. It ran up on good volume and formed a lower volume pennant. While the stock did have slight distribution yesterday it looks like a pivot point retest to me as of 11:30. Also, the nature of this stock is to thrust and then pullback fairly hard. This bull advance is different than the 90's bull advances. Stocks are doing much more testing and backing and filling. Of course, we should expect this coming off a huge bear market low. DSquires - ----- Original Message ----- From: "Tim Fisher" To: Sent: Wednesday, May 23, 2001 10:26 AM Subject: RE: [CANSLIM] Re: Analyst up/downgrades > If you had an 8% stop loss and caught the pivot within 5% you would still > be in. Was your stop at your buy point? I am not at all concerned about > COCO, as the list has discussed (too much) yesterday, these kind of > downgrades are usually forgotten within 2 days of the knee-jerk sell-off. > > On 06:47 AM 5/23/01, Rick Parsons Said: > >COCO was downgraded this morning and I got stopped out! Darn Analysts. > > > >Rick > > > > > >-----Original Message----- > >From: owner-canslim@lists.xmission.com > >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Cameron > >Sent: Tuesday, May 22, 2001 10:11 PM > >To: canslim@lists.xmission.com > >Subject: [CANSLIM] Re: Analyst up/downgrades > > > > > >Patti, > > > >I'm very cynical on analyst downgrades (or upgrades). As a general > >rule, in the recent bear on the Nasdaq, analysts for major brokerage > >houses would rate companies like CSCO as a strong buy half way down > >its descent. At that point, they'd say it was overvalued (AFTER it > >had already shed 30% - and they'd probably got their clients out). > >This proclamation generally was the catalyst for another quick fall. > > > >On the flip side, I've been burned in bull markets this way. I once > >bought a stock on a breakout to a new high. 2 days later, it was > >downgraded by a Merrill Lynch analyst. The stock quickly dropped > >15% on the announcement - leaving me with a quick 8% loss. Silly > >me, I figured the only reason the stock went down was because of the > >analyst downgrade. Well, I learned the hard way that once Merrill > >Lynch talks, others follow. A week later, the stock was down 25%, > >and I was still holding it. I had to sell then, realizing I was > >wrong. 3 months later it got back above my buy price. I'm > >confident that had ML not downgraded the stock, I would have had a > >profit. > > > >My two cents, > > > >Dave > > > > > >===== > >Dave Cameron > >dfcameron@yahoo.com > > > >__________________________________________________ > >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. > > 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. ------------------------------ Date: Wed, 23 May 2001 08:56:15 -0700 From: Tim Fisher Subject: [CANSLIM] For Walter Stock Hey Walter, check out TA.TO. We are doing tons of work for these guys, and I would like to know from someone on the north of the border what their fundies look like. Their chart is beautiful, wish I had Canadian stocks included in the scans I use! 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: Wed, 23 May 2001 08:54:48 -0700 (PDT) From: Steve F Subject: [CANSLIM] SJT Sloping handle ?? I like the chart formation and fundies on SJT. I am keeping an eye on the sloping downward handle but am concerned about the fact the the volume is greater than I would like it to be. Lower than the 50 day average but not fading off either. Any comments. Steve __________________________________________________ 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: Wed, 23 May 2001 11:59:30 -0400 From: "Drewcorp" Subject: Re: [CANSLIM] HIBB Breakout I think there is much to like about HIBB.... I am concerned about average daily volume (16,000). I believe WON recommends a much higher number to be considered. Thoughts? Andy - ----- Original Message ----- From: "Rick Parsons" To: Sent: Wednesday, May 23, 2001 11:21 AM Subject: [CANSLIM] HIBB Breakout > HIBB breaking out of a nice looking cup and handle on high volume today > despite "M". > > Comments? > > Rick > > > - > -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: Wed, 23 May 2001 09:00:58 -0700 From: Tim Fisher Subject: RE: [CANSLIM] Re: Analyst up/downgrades And I can give you just as many examples of stocks for which the downgrade was a non-event a few days later. How could you know which would be the case with your stock? You are not prescient, neither am I, and that is what stops are for (IMHO!) As the list has discussed, downgrades based on a stock reaching a nonsense "target price" are just plain silly. If what is "wrong" with COCO is that it broke out and reached a new high, then give me more of these "wrong" stocks, the more the merrier! On 08:36 AM 5/23/01, Dave Rubin Said: >WON is clear that sometimes you can and should get out of a stock before it >is down 7-8% from your buy point if things don't look right. > >Today's free fall at the open was a clear sign to me not to wait for 8%. >With the stock violating its pivot on high volume, something was clearly >wrong. > >RYL is an even better example. It fell on huge volume on a downgrade on >5/16. With the pivot at 50.38, RYL would not have triggered stops for those >who bought at the right time. But this downgrade was not forgotten days >later, and RYL is now back into its base and shows no signs of recovery. > >Preservation of capital ... preservation of capital ... SERENITY NOW ... >SERENITY NOW ... > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tim Fisher > > Sent: Wednesday, May 23, 2001 11:27 AM > > To: canslim@lists.xmission.com > > Subject: RE: [CANSLIM] Re: Analyst up/downgrades > > > > > > If you had an 8% stop loss and caught the pivot within 5% you would still > > be in. Was your stop at your buy point? I am not at all concerned about > > COCO, as the list has discussed (too much) yesterday, these kind of > > downgrades are usually forgotten within 2 days of the knee-jerk sell-off. > > > > On 06:47 AM 5/23/01, Rick Parsons Said: > > >COCO was downgraded this morning and I got stopped out! Darn Analysts. > > > > > >Rick > > > > > > > > >-----Original Message----- > > >From: owner-canslim@lists.xmission.com > > >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Cameron > > >Sent: Tuesday, May 22, 2001 10:11 PM > > >To: canslim@lists.xmission.com > > >Subject: [CANSLIM] Re: Analyst up/downgrades > > > > > > > > >Patti, > > > > > >I'm very cynical on analyst downgrades (or upgrades). As a general > > >rule, in the recent bear on the Nasdaq, analysts for major brokerage > > >houses would rate companies like CSCO as a strong buy half way down > > >its descent. At that point, they'd say it was overvalued (AFTER it > > >had already shed 30% - and they'd probably got their clients out). > > >This proclamation generally was the catalyst for another quick fall. > > > > > >On the flip side, I've been burned in bull markets this way. I once > > >bought a stock on a breakout to a new high. 2 days later, it was > > >downgraded by a Merrill Lynch analyst. The stock quickly dropped > > >15% on the announcement - leaving me with a quick 8% loss. Silly > > >me, I figured the only reason the stock went down was because of the > > >analyst downgrade. Well, I learned the hard way that once Merrill > > >Lynch talks, others follow. A week later, the stock was down 25%, > > >and I was still holding it. I had to sell then, realizing I was > > >wrong. 3 months later it got back above my buy price. I'm > > >confident that had ML not downgraded the stock, I would have had a > > >profit. > > > > > >My two cents, > > > > > >Dave > > > > > > > > >===== > > >Dave Cameron > > >dfcameron@yahoo.com > > > > > >__________________________________________________ > > >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. > > > > 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. ------------------------------ End of canslim-digest V2 #1392 ****************************** 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.