From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #142 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk canslim-digest Wednesday, March 11 1998 Volume 02 : Number 142 In this issue: Re: [CANSLIM] AMEX Stocks (was Sports Clubs - SCY) Re: [CANSLIM] Evaluation of Pairgain"pair" [CANSLIM] Short Term "M" [CANSLIM] My current watch list Re: [CANSLIM] Short Term "M" [CANSLIM] BBX possible breakout [CANSLIM] Epiq Ref:EPIQ"Tom Worley" Re: [CANSLIM] Toms Posts, MISI, INFS Re: [CANSLIM] Re: canslim-digest V2 #139wu [CANSLIM] Tom EDAC and volume [CANSLIM] base extensions Re: [CANSLIM] Epiq Ref:EPIQ"Tom Worley" Re: [CANSLIM] Toms Posts, MISI, INFS [CANSLIM] EQNX Re: [CANSLIM] Tom EDAC and volume Re: [CANSLIM] base extensions Re: [CANSLIM] EQNX [CANSLIM] ACRT Re: [CANSLIM] PAYX, INFS (was Toms Posts, MISI, INFS) Re: [CANSLIM] ACRT [CANSLIM] Global Markets [CANSLIM] Intro: James Flint Re: [CANSLIM] Toms Posts, MISI, INFS [CANSLIM] CPQ Re: [CANSLIM] Intro: James Flint ---------------------------------------------------------------------- Date: Tue, 10 Mar 1998 07:01:19 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] AMEX Stocks (was Sports Clubs - SCY) Over the years, I have owned a few AMEX stocks. Lost on most, made money on a few. But even on the ones that worked, I left them feeling they would have performed much better on another exchange. You need a lot of friends to make a stock work. Even the best stock can lanquish if the institutions and analysts ignore it. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: DCSquires To: canslim@lists.xmission.com Date: Tuesday, March 10, 1998 12:31 AM Subject: Re: [CANSLIM] Sports Clubs - SCY >I have ignored AMEX stocks for liquidity reasons(read excess risk) as well, >but I have a question for you that has often run through my mind each time >shrug off an AMEX stock. The markets have become very efficient; doesn't this >tendency for most people to ignore AMEX stocks offer us a chance to make >excess returns? > >DSquires > >- > - - ------------------------------ Date: Tue, 10 Mar 1998 07:10:42 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Evaluation of Pairgain"pair" John, PAIR would not make a CANSLIM scan except, possibly, for someone looking only for a base. The CS elements are all too weak. RS is only 24, and while EPS is a decent 85, this is because of its five year history, not recent performance. In fact the latest qtr fell one cent behind the same qtr prior year, and the forecast for the current year is for only an 8% gain (compared to its five year average growth of 52%). Note also that this is a group where the top five stocks have an RS of 98 and 97, and the lowest EPS of the five is 67 but the other four average about 80. Chart pattern is important, but meeting the test of the seven CS elements is even more important, IMHO. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: JOHN ENGLAND To: canslim@lists.xmission.com Date: Tuesday, March 10, 1998 5:55 AM Subject: [CANSLIM] Evaluation of Pairgain"pair" >Hello to all, like the some of the others I am to a newbie to the stock market. >I waswondering if i could get a evaluation of Pairgain (pair) I would like to >see if I'm on the right track on choosing stocks. Thanks for any help.. > - - ------------------------------ Date: Tue, 10 Mar 1998 07:52:23 -0500 From: "Tom Worley" Subject: [CANSLIM] Short Term "M" Right now it looks to me like the NYSE and NASDAQ are poised to break one way or another. NYSE looks slightly better positioned to move up, NASDAQ looks like it could go either way, and any more neg pre-announcements in the tech groups will likely steal that leadership away for some time. Balancing this is the recent improvement in the bond mkt, which will help the financials. The divergence between new highs and lows is still decent, better again on NYSE. However on both mkts the down volume has been increasing (more so on NASDAQ) while the up volume has been declining (again more so on NASDAQ). In fact the separation between the two on NASDAQ is almost non-existent now. At least for the next few days, if not the next several weeks, pay attention to the up/down volume ratios on both exchanges. I suspect they will give an early warning to short term direction of the markets. I can monitor these stats at work, don't know where they may be available on the net. If there is interest, I will post the daily totals each night. I don't think the new highs/low ratio will be as much help, as we are so far up that many stocks are already at or near their highs, while few in comparison are near their lows. This indicator will lag the mkt if we start down. We are now about one month away from the start of the Q1 earnings reporting cycle. My sense is that we will continue to get some more unpleasant news on earnings forecasts, and have a lot fewer positive surprises once actual earnings are out. The Q4 cycle was far weaker than in the past, and I expect this to continue. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ Date: Tue, 10 Mar 1998 08:28:03 -0500 From: "Tom Worley" Subject: [CANSLIM] My current watch list Did a somewhat rushed, but rigorous, review of my current shortened watch list. The following are what's left: EQNX, EDAC, APSG, MTIC, EFTC, SPF, SSNC, INFM, SMMT, FFGI, MDLK. I have also got a few others that I watch, mostly cuz the office is in them. They include KEA, DSTM, LHSPF, KM, THNK, TMBS, BEST, ATHM. We were selling TMBS in volume yesterday, and buying AVID, BEST and ATHM over the past several days. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ Date: Tue, 10 Mar 1998 09:20:46 EST From: DCSquires Subject: Re: [CANSLIM] Short Term "M" In a message dated 98-03-10 08:04:39 EST, you write: << At least for the next few days, if not the next several weeks, pay attention to the up/down volume ratios on both exchanges. I suspect they will give an early warning to short term direction of the markets. I can monitor these stats at work, don't know where they may be available on the net. If there is interest, I will post the daily totals each night. I don't think the new highs/low ratio will be as much help, as we are so far up that many stocks are already at or near their highs, while few in comparison are near their lows. This indicator will lag the mkt if we start down. >> Here are two market breadth sites that list these statistics. http://quote.yahoo.com/m0?u http://www.marketgauge.com/ Dsquires - - ------------------------------ Date: Tue, 10 Mar 1998 09:16:48 -0600 From: "Ricardo Bekin" Subject: [CANSLIM] BBX possible breakout This is a multi-part message in MIME format. - ------=_NextPart_000_0020_01BD4C05.410906E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable up 1/2 to 14 1/4 at 9:55 AM 48,600 shares traded Ricardo - ------=_NextPart_000_0020_01BD4C05.410906E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
up 1/2 to 14 1/4 at 9:55 AM 48,600 = shares=20 traded
 
Ricardo
- ------=_NextPart_000_0020_01BD4C05.410906E0-- - - ------------------------------ Date: Tue, 10 Mar 1998 10:12:48 -0600 From: JOHN ENGLAND Subject: [CANSLIM] Epiq Ref:EPIQ"Tom Worley" Hey Tom, Sorry for bothering you again.What would you consider a buy point on EPIQ. Thanks for your assistance and ever so helpful mail post. I'm starting to see the light at the end of this tunnel! I think......... Thanks, John - - ------------------------------ Date: Tue, 10 Mar 1998 08:29:46 -0800 From: Tim Fisher Subject: Re: [CANSLIM] Toms Posts, MISI, INFS I am trying a new thing - PATIENCE. So far it's working - I've kept myself from jumping in on several so-so breakouts off of short bases (i.e. MISI) with my 20% cash, which is where I guess we should be right now (thanks for that clarification Jeffrey). Tom has helped with his critical review of stocks I think are sure winners. Although I'm still kicking myself for not running against Tom's advice on BBRC and GLE (take a look - you could have gotten in and out with 20%+ on each in a week!) P.S. PAYX is again moving up to a new high without breaking out. It seems to me that the longer I wait on this one the more potential profit I give up. Any opinions? P.P.S. What do you think of INFS. It's up 8% off a descending base to 20 right now. I've been watching it for a few weeks. I know that the pivot point was 17-18 but it didn't make my scan until after that earnings report moved it up. At 11:14 PM 3/9/98 -0600, you wrote: > Members I'm going to try to discipline myself more, that has been my >problem in trading. (or at least one of them) Hoping the CANSLIM method >will help that. Following you guys will help, and hopefully I can bring >something to this group as well. "" Keep up the good work, I need all the >help I can get. Tim Fisher / tfish@spiritone.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://www.spiritone.com/~tfish See naked fish and rocks! - - ------------------------------ Date: Tue, 10 Mar 1998 10:37:10 -0600 From: Rita Wu Subject: Re: [CANSLIM] Re: canslim-digest V2 #139wu Surindra J. Singh wrote: > Dear Rita: > > Could you please post what you really wanted to. I did not understad > nothing. > > Surindra Dear Surindra, Sorry about all the trouble that I have caused to the list. I was not trying to post anything, I was supposedly forwarding the emails to myself to read at home after work.. Many apologies! - -- Rita - - ------------------------------ Date: Tue, 10 Mar 1998 17:20:18 -0500 From: "Bud Barton" Subject: [CANSLIM] Tom EDAC and volume This is a multi-part message in MIME format. - ------=_NextPart_000_0004_01BD4C48.CCBC7120 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I have already learned a lot from reading the messages on this forum and = appreciate everyones comments. Tom I noticed 1 stock on your list is EDAC which has a very low average = volume. Would you discuss your screening of this stock please? as a = novice what sticks out to me is low Group RS and avgvol less than .4% of = float. Bud Barton - ------=_NextPart_000_0004_01BD4C48.CCBC7120 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I have already learned a lot from = reading the=20 messages on this forum and appreciate everyones comments.
 
Tom I noticed 1 stock on your list = is EDAC which=20 has a very low average volume.  Would you discuss your screening of = this=20 stock please?  as a novice what sticks out to me is low Group RS = and avgvol=20 less than .4% of float.
 
Bud Barton
- ------=_NextPart_000_0004_01BD4C48.CCBC7120-- - - ------------------------------ Date: Tue, 10 Mar 1998 17:54:40 -0500 From: "Bud Barton" Subject: [CANSLIM] base extensions This is a multi-part message in MIME format. - ------=_NextPart_000_0008_01BD4C4D.9997D820 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I would like everyones input on how they determine the point at which a = $20 stock breaking out is too extended to open a new position in. My = concern is this: If a stock is basing between 19 and 20 and breaks out = today then a close of 22 would not be out of the question. However 22 = would be 10% and thus overextended. Am I missing something or do you = have to have realtime quotes or stop limit orders on all of my watch = list? Bud Barton - ------=_NextPart_000_0008_01BD4C4D.9997D820 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I would like everyones input on how = they=20 determine the point at which a $20 stock breaking out is too extended to = open a=20 new position in.  My concern is this:  If a stock is basing = between 19=20 and 20 and breaks out today then a close of 22 would not be out of the=20 question.  However 22 would be 10% and thus overextended.  Am = I=20 missing something or do you have to have realtime quotes or stop limit = orders on=20 all of my watch list?
 
Bud = Barton
- ------=_NextPart_000_0008_01BD4C4D.9997D820-- - - ------------------------------ Date: Tue, 10 Mar 1998 21:05:33 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Epiq Ref:EPIQ"Tom Worley" Be careful, John. Just about the time that you clearly see the light at the end of the tunnel is when you realize it's the headlight on a train!! Anyway, on EPIQ, I like the way it is wedging, with the volume drying up to a more sensible level considering the float size (1.6 mil shares). It's still running heavy considering what it was doing two months ago, and projected PE is still high at 50. I wish funds reported their holdings every month instead of every qtr, would like to see if there has been sig increase. As to a new buy point, if it spiked down on light to moderate volume to the 12.5 - 13 level, I would be tempted to buy some on speculation of a bounce. If it continues to settle down at the 15 level, I will watch for a breakout on volume and possibly buy it there. I am not too concerned at it being 25% under its high, as it had gotten way ahead of itself on volume at that point. When I sold at 16.375, I felt it was already technically past its theoritical high for the moment, and I wanted out mostly because of Iraq. Even if I had held for another day or so, I still would not have sold at the high, rather I would have been out before then, probably no higher than 18 (that was one reason I didn't jump back in the following Monday after the apparent settlement of the Iraq crises). For now, tho, I am just watching and trying to let the stock tell me what it intends to do. The only CS elements that have changed is the A/D which dropped to a B, and the u/d vol which seems now to have settled down around 1.4. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: JOHN ENGLAND To: canslim@lists.xmission.com Date: Tuesday, March 10, 1998 11:07 AM Subject: [CANSLIM] Epiq Ref:EPIQ"Tom Worley" >Hey Tom, > Sorry for bothering you again.What would you consider a buy point on >EPIQ. >Thanks for your assistance and ever so helpful mail post. I'm starting >to see the light at the end of this tunnel! I think......... > >Thanks, >John > > >- > - - ------------------------------ Date: Tue, 10 Mar 1998 21:17:37 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Toms Posts, MISI, INFS 20% in a week??!! I've been watching EQNX for over a month, patiently waiting, and then today I'm too busy with my job to see the news come out that sent it up over 17% at one point in a single day!! It's really annoying when my job interfers with my investing. My volume limit minder went off at about 150% of ADV around 10:30, but I missed it. And this after mentioning it in my "watch list" just this AM. Hope someone else was doing a better job of watching. Please remember, despite how I may word something I post or respond to on this forum, I really and truly am not trying to "advise" anyone on what they should do. My comments, when solicited, on a particular stock are frequently about a minute and a half of looking at a DG chart. I am not doing in depth review or any TA analysis, just looking at the CS elements and data. Frankly, I am not qualified or capable of "advising" anyone on what they should do in their portfolio. The best person to speak to about that can be found in the mirror. And even tho this is a private, "by request" forum, I remain a licensed (even tho inactive) broker and must abide by major regulatory bodies of rules. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Tim Fisher To: canslim@lists.xmission.com Date: Tuesday, March 10, 1998 11:26 AM Subject: Re: [CANSLIM] Toms Posts, MISI, INFS >that clarification Jeffrey). Tom has helped with his critical review of >stocks I think are sure winners. Although I'm still kicking myself for not >running against Tom's advice on BBRC and GLE (take a look - you could have >gotten in and out with 20%+ on each in a week!) > - - ------------------------------ Date: Tue, 10 Mar 1998 18:29:47 -0800 From: "Patrick Wahl" Subject: [CANSLIM] EQNX Equinox (EQNX) spiked up today on very heavy volume. The news was they received a contract from IBM to supply something or other to them. Anyone know anything on EQNX? - - ------------------------------ Date: Tue, 10 Mar 1998 21:26:57 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Tom EDAC and volume ADV of 10,000 isn't bad volume for a float of 1.4 mil. This is about what EPIQ was doing before it began to explode finally. Most of the issue is held by insiders, and funds got 11% as well. With the slow but steady move up, old holders have yet to be given a reason to sell. I picked this one up around the end of the year as it hit a new high around 9, then began basing. So far has yet to do a real breakout, rather continues to shape up as a LLUR (lower left upper right) kind of chart. One reservation I have is that earnings and revenue growth don't seem to go hand in hand, or even consistently parallel. A second is that it is in the aerospace group, which can be volatile. As to the GRS, frankly I don't pay a lot of attention to it as a primary factor. This stock is well into #1 position in its group, and that is more important to me than GRS, as is probably a dozen other factors. I do look at GRS, but don't recall the last time it had any bearing in a buy or sell decision. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Bud Barton To: canslim Date: Tuesday, March 10, 1998 5:19 PM Subject: [CANSLIM] Tom EDAC and volume I have already learned a lot from reading the messages on this forum and appreciate everyones comments. Tom I noticed 1 stock on your list is EDAC which has a very low average volume. Would you discuss your screening of this stock please? as a novice what sticks out to me is low Group RS and avgvol less than .4% of float. Bud Barton - - ------------------------------ Date: Tue, 10 Mar 1998 21:45:04 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] base extensions The general rule is you don't want to initiate a fresh position more than 10% over the correct pivot point. The reason is simple: if you are following the general guidelines of an 8% stop loss from your entry point, and that entry point is already 9% or so over the support base, then even a partial b/o failure will stop you out at a point that someone else who missed that breakout will be viewing it as a "second opportunity" to enter the stock. If you enter the stock 8 or 9% over the correct pivot point, then realistically you may find yourself setting your stop loss at the bottom of the base, and now faced with a stop loss in the range of 12-15%, thereby placing your capital at greater risk. One thing you can do if you are unable to watch the mkts during the day is use a buy stop order, however this is triggered only by the price, not the volume. If you are using a relatively full service broker, you can give him a verbal order to buy "IF" (e.g. the volume is over xxx shares AND the price is up at least yyy). And if he fails to execute your order more than once, fire him. CANSLIM type clients that make their own decisions are a joy to a professional broker, carrying out their orders is simple with today's computer systems available to most brokers. And on the point of full service brokers, don't pay full commission. When I was active, a CANSLIM type client essentially making his own decisions and just using me for mkt access and to alert him to new developments while he did his day job got at least a 25% discount. If the acct was large and doing over 6 or so trades a month, then I gave him 50% discount. Didn't beat a discount or online (weren't that many back then) firm, but they didn't call him when something happened or were able to handle a combined volume/price limit order either. And very few wirehouses would discount that much unless the acct was over the 8 figure level. If you don't ask for a discount, it is not likely to be offered. But if you're doing most of the work, you should never pay most, or all, of a full commission. Putting buy stop orders in on all your watch list could be prohibitively expensive if the mkt made a strong upward movement in a single day. You could easily get more orders filled than you have the resources to cover. Be selective, check the charts each evening, it's good practice and helps you develop a "feel" for how each stock is trading. Granted, it's easier when you have live quotes and can watch a stock like a hawk when it approaches your "buy conditions". Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Bud Barton To: canslim Date: Tuesday, March 10, 1998 5:53 PM Subject: [CANSLIM] base extensions I would like everyones input on how they determine the point at which a $20 stock breaking out is too extended to open a new position in. My concern is this: If a stock is basing between 19 and 20 and breaks out today then a close of 22 would not be out of the question. However 22 would be 10% and thus overextended. Am I missing something or do you have to have realtime quotes or stop limit orders on all of my watch list? Bud Barton - - ------------------------------ Date: Tue, 10 Mar 1998 22:03:20 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] EQNX You mean other than me mentioning it this AM, after watching it for well over a month, then being too busy with my day job to tend to my investing???#(($)@)_$(#&# The stock has been in a trading range, looking for some direction. The contract means one of its products will be used in an IBM contract with the Postal Dept to replace existing equipment with about 11,000 new PCs all over the country. No dollar figures were given on what this means to EQNX, but obviously it's an 11K unit order. CS wise: RS 89, EPS 89, a/d D, timeliness A, u/d 1.2, earnings forecast up 17%, trailing PE 15, ADV 46,200, today 7.5X, GRS 63, #3 in group (Computer - Peripheral Equip), float 3.0 mil, issue 3.6 mil, funds only 2%, no management indicated, latest 4 qtr earnings all up (12%, 35%, 67%, 117%), latest 4 qtrs revenues all up (4%, 8%, 11%, 35%), overall 5 yr earnings growth up 15%, GRS 63. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Patrick Wahl To: canslim@lists.xmission.com Date: Tuesday, March 10, 1998 9:27 PM Subject: [CANSLIM] EQNX Equinox (EQNX) spiked up today on very heavy volume. The news was they received a contract from IBM to supply something or other to them. Anyone know anything on EQNX? - - - - ------------------------------ Date: Tue, 10 Mar 1998 22:21:34 -0500 From: "bamend" Subject: [CANSLIM] ACRT Any thoughts on this stock? Things were going really well with this stock in Dec then the bottom fell out. It seems like someone was making a play to force it down. Although the RS is understandably weak, is this a good time to jump back in? This stock was listed on the Forbes new company list. Bob Amend - - ------------------------------ Date: Tue, 10 Mar 1998 22:23:39 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] PAYX, INFS (was Toms Posts, MISI, INFS) Tim, another of my "critical" reviews (it is always easier to be critical on someone else's picks than on my own!). PAYX - I note that the current (trailing) PE greatly exceeds the five year earnings growth rate (65 vs 37%) and the growth rate also sig exceeds the earnings forecast for this year as well as next (37% vs 29% and 28%). INFS - rats, hard to get real critical with this one. I suspect the minor drop in price recently has to do with their Japan business association, at least it's not as bad as Scan Optics! Funds already own 33% and management only owns 13%, aside from that can't find any serious flaws, and those are hardly disabling. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Tim Fisher To: canslim@lists.xmission.com Date: Tuesday, March 10, 1998 11:26 AM Subject: Re: [CANSLIM] Toms Posts, MISI, INFS >P.S. PAYX is again moving up to a new high without breaking out. It seems >to me that the longer I wait on this one the more potential profit I give >up. Any opinions? > >P.P.S. What do you think of INFS. It's up 8% off a descending base to 20 >right now. I've been watching it for a few weeks. I know that the pivot >point was 17-18 but it didn't make my scan until after that earnings report >moved it up. > - - ------------------------------ Date: Tue, 10 Mar 1998 22:28:39 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] ACRT It may turn out financially to be a great time to jump in, but it certainly would not be a "CANSLIM moment"!. With a five year earnings growth rate of 62%, trailing PE of 28, and an EPS of 99, I would hardly expect in today's market to see an RS of 12 nor an a/d of E!!! This chart tells me that the "market" does not expect earnings to continue on the historic path. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: bamend To: Canslim xmission Date: Tuesday, March 10, 1998 10:18 PM Subject: [CANSLIM] ACRT >Any thoughts on this stock? Things were going really well with this stock >in Dec then the bottom fell out. It seems like someone was making a play to >force it down. Although the RS is understandably weak, is this a good time >to jump back in? This stock was listed on the Forbes new company list. > >Bob Amend > > >- > - - ------------------------------ Date: Wed, 11 Mar 1998 00:16:17 -0500 From: "Tom Worley" Subject: [CANSLIM] Global Markets Yeah, I promise to shut up and go to bed shortly. But I did want to post one observation I am tentatively forming on the world mkts. Lately I have been noticing that not only is Asia creating an "around the globe" ripple effect, but within Asia it seems more to be that each country's mkt is "going it alone". For example, for the last several days Indonesia and Japan have been doing poorly. Both have negative local events hampering their markets performance: Indonesia is fighting with the IMF over their bailout, and investor sentiment seems disappointed in Japan with rumors or expectations of further govt economic stimulus in the midst of further financial scandals in top govt ministry personnel (and I thought Miami had problems)!! Overnight traders (speculators?) on the futures seem to be fairly consistent in going against what the US market did that day esp if the US mkt was up strongly. Yet Europe seems to disregard both Asia and the futures mkt in how it trades, esp if Asia was mixed or down and futures are down. And the US mkt seems to ignore Asia, the futures, and even Europe occasionally, and just keep moving higher. Right now Asia is mostly cautiously up except for Japan and Indonesia, while the S&P500 futures are up slightly, NASDAQ100 futures are down about a third of a percent, and the dollar appears slightly stronger against almost every major currency. Let's see what the picture looks like in another six or seven hours. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ Date: Wed, 11 Mar 1998 01:22:02 -0500 From: "James Flint" Subject: [CANSLIM] Intro: James Flint This is a multi-part message in MIME format. - ------=_NextPart_000_01BD4C8C.1865D060 Content-Type: text/plain; charset=ISO-8859-1 Content-Transfer-Encoding: 7bit Hello! My name is James Flint and I live in the suburbs of our Nation's Capital. I'm fairly new to investing and have read some great things about the CANSLIM method. I'm really looking forward to never buying CPQ, MOT, or INTC ever again. Yes, I did get smacked last week and this week. Hope this doesn't happen too often in the future. So? What looks good? Also, I got the CANSLIM "Bible" and am busy reading it in my spare time. Actually made it thru the first 7 chapters and man do I have a headache:) I'll most likely have a number of questions. Are there any good internet sites that may help my education? Thanks, James "Newbie" Flint - ------=_NextPart_000_01BD4C8C.1865D060 Content-Type: text/html; charset=ISO-8859-1 Content-Transfer-Encoding: quoted-printable

Hello!

My name is James Flint = and I live in the suburbs of our Nation's Capital.  I'm fairly new = to investing and have read some great things about the CANSLIM method. =  I'm really looking forward to never buying CPQ, MOT, or INTC ever = again.  Yes, I did get smacked last week and this week.  Hope = this doesn't happen too often in the future.  So?  What looks = good?  Also, I got the CANSLIM "Bible" and am busy = reading it in my spare time.  Actually made it thru the first 7 = chapters and man do I have a headache:)  I'll most likely have a = number of questions.  Are there any good internet sites that may = help my education?

Thanks,
James "Newbie" Flint

- ------=_NextPart_000_01BD4C8C.1865D060-- - - ------------------------------ Date: Tue, 10 Mar 1998 22:46:48 -0500 From: Kom Tukovinit Subject: Re: [CANSLIM] Toms Posts, MISI, INFS Tom, I actually found some of your comments about the stocks I posted a learning experience because I wish I had bought some stocks even with your unfavorable remarks. WON and CANSLIM pretty much gets me out of following positively-biased stock tips. Now I have another rule added: against an unfavorable remark, if I buy the stock, that's a "right" buy for me. If I found something wrong with the stocks after the negative remarks, then I did a shotty work researching the stock which I shouldn't be doing. kom Tom Worley wrote: > ... > Please remember, despite how I may word something I post or respond to on > this forum, I really and truly am not trying to "advise" anyone on what they > should do. My comments, when solicited, on a particular stock are frequently > about a minute and a half of looking at a DG chart. I am not doing in depth > review or any TA analysis, just looking at the CS elements and data. > Frankly, I am not qualified or capable of "advising" anyone on what they > should do in their portfolio. The best person to speak to about that can be > found in the mirror. > - - ------------------------------ Date: Wed, 11 Mar 1998 11:42:21 +0100 From: Johan Van Houtven Subject: [CANSLIM] CPQ Not CANSLIM but .... nice example for the newer group members of how stock price often precedes news: Got a call from the main CPQ distributor today with extremly good offers on CPQ PCs. As you have probably read in the news by now, CPQ has a lot of 'old' inventory. Why 'old'? I guess that as soon as the new low-end PII that Intel just announced becomes available (a few weeks from today), the Pentium MMX systems will soon become 'obsolete' or at least more difficult to sell. CPQ is obviously trying to dump this inventory. Look at the chart. Look at the dates when the news came out. Just one more example of how the big guys already new, and started selling of CPQ. - --- Johan Van Houtven - - ------------------------------ Date: Wed, 11 Mar 1998 07:42:02 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Intro: James Flint Welcome to the group, James, and you're already at the best site for asking CANSLIM questions, as well as general investing questions. There are about 600 members in all between the regular and digest versions (most of them lurking) ranging from total novices to experienced investors. We even have a few day traders mixed in. I would suggest reading the "bible" for the first time like you would a novel. Then, go back and study each chapter like a college textbook. Try to periodically reread it again as you gain experience with investing in general and CANSLIM in particular, whether you do it with paper trading or with real money. Feel free to ask questions, there are more than enough active members that at least one is likely to respond. And the wealth of knowledge and experience here is amazing, including about resources available on the net. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: James Flint To: canslim@xmission.com Date: Wednesday, March 11, 1998 1:20 AM Subject: [CANSLIM] Intro: James Flint >Hello! > >My name is James Flint and I live in the suburbs of our Nation's Capital. >I'm fairly new to investing and have read some great things about the >CANSLIM method. I'm really looking forward to never buying CPQ, MOT, or >INTC ever again. Yes, I did get smacked last week and this week. Hope >this doesn't happen too often in the future. So? What looks good? Also, >I got the CANSLIM "Bible" and am busy reading it in my spare time. >Actually made it thru the first 7 chapters and man do I have a headache:) >I'll most likely have a number of questions. Are there any good internet >sites that may help my education? > >Thanks, >James "Newbie" Flint - - ------------------------------ End of canslim-digest V2 #142 ***************************** 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.