From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #146 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk X-No-Archive: yes canslim-digest Saturday, March 14 1998 Volume 02 : Number 146 In this issue: [CANSLIM] Institutional Sponsorship Re: [CANSLIM] INFM up 6% Re: [CANSLIM] Hope this is not too basic - Pivot Points Re: [CANSLIM] Stocks to watch: WSTF, ELXS. [CANSLIM] CLEC/ ISP stocks Re: [CANSLIM] Institutional Sponsorship Re: [CANSLIM] Windows on Wall Street Re: [CANSLIM] MISI Re: [CANSLIM] Windows on Wall Street [CANSLIM] XETA Re: [CANSLIM] MISI Re: [CANSLIM] XETA Fw: [CANSLIM] PE (was Airline Industry) [CANSLIM] ZOMX BILL GNTX Re: [CANSLIM] XETA RE: [CANSLIM] Windows on Wall Street/Quotes-Plus [CANSLIM] FW: Fundamentals from Daily Graphs Re: [CANSLIM] Airline Industry [CANSLIM] Greenspan Valuation Comment on CNBC Re: [CANSLIM] Institutional Sponsorship [CANSLIM] MS Investor Beta Re: [CANSLIM] MISI Re: [CANSLIM] XETA Re: [CANSLIM] Pick of the week Re: [CANSLIM] PE (was Airline Industry) RE: [CANSLIM] Windows on Wall Street/Quotes-Plus [CANSLIM] Scanning Software Re: [CANSLIM] Scanning Software [CANSLIM] LCI International Re: [CANSLIM] LCI International Re: [CANSLIM] LCI International ---------------------------------------------------------------------- Date: Fri, 13 Mar 1998 15:20:30 -0700 From: Kirby Benson Subject: [CANSLIM] Institutional Sponsorship For all those who have asked questions regarding institutional sponsorship there is an excellent article in Thursday's IBD that addresses this issue.  Ideally, it is 5 to 15% - this is probably unrealistic in most situations. Kirby Benson - -- Visit The Great White Trout Studios: http://www.zianet.com/kbenson/trout.html   - - ------------------------------ Date: Fri, 13 Mar 1998 18:08:51 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] INFM up 6% Nope, it was up on light volume before I got to work (had to take my "graduation" continuing education exam, a three hour one I did in 1 hour 10 minutes, even impressed myself I was so smart!) however never did any volume. Total for the day was just over half ADV, so not a breakout by my rules, just a return back into the base. 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: Friday, March 13, 1998 12:51 PM Subject: [CANSLIM] INFM up 6% Tom were you in this one I see it is on your watch list. - - ------------------------------ Date: Fri, 13 Mar 1998 18:16:57 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Hope this is not too basic - Pivot Points A good tight base, preferably up to 8 weeks long, represents support once exceeded. The pivot point would be when it begins to break out of that support on 150% of ADV. If you're using the recommended 8% stop loss on your actual entry point, then buying 10% over support means the stock could simply return to support, and yet shake you out, on a false breakout. If your pivot/entry point had been closer to the support, say 3 or 4% above it, a return to the base would not stop you out. 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: Friday, March 13, 1998 8:59 AM Subject: [CANSLIM] Hope this is not too basic - Pivot Points Elder,Maturi,Zweig etc...but some where I missed the definition of pivot point. At first I thought support = pivot point but obviously not since resistence turns to support once exceeded and tested and I have seen several CS selection that were within 10% of support but was told they were too extended from pivot point. Any help in this area would be appreciated - - ------------------------------ Date: Fri, 13 Mar 1998 18:27:25 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Stocks to watch: WSTF, ELXS. I agree, both too extended (and with ELXS I have my doubts that Q4 results can beat year ago). On WSTF tho, how about that 17.1 up/down ratio!!! Lot of momentum behind this one, and still a trailing PE of only 25. The chart is a good example of pivot point, BTW. Look at the tight base that formed about $17-18. When it finally broke out of that basing pattern it did so on heavy volume and never looked back. Note also the insider buying on it about a month or so before it broke out. Note on ELXS as well all the insider buying that has been occuring. Some of its performance may be due to those that follow this trend without regard to charts or fundamentals. 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: Johan Van Houtven To: canslim@lists.xmission.com Date: Friday, March 13, 1998 2:36 PM Subject: Re: [CANSLIM] Stocks to watch: WSTF, ELXS. >Hi ChihYu, > >Both are extremely extended, i.e. to far from a base to be buyable from a >CANSLIM viewpoint. > >The numbers are OK. > >At 11:23 AM 13-03-98 PST, you wrote: >> Good day, guys, >> >> I found WSTF and ELXS on the past weekend, and followed. >> Seems worth to watch them. Anyone? >> >> ChihYu > > >- > - - ------------------------------ Date: Fri, 13 Mar 1998 15:34:09 -0800 (PST) From: Anindo Majumdar Subject: [CANSLIM] CLEC/ ISP stocks Any thoughts on the CLEC/ ISPs like ICIX, ICGX, CNCX, QWST Anindo - - ------------------------------ Date: Fri, 13 Mar 1998 18:35:46 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Institutional Sponsorship I don't have any hard and fast rules on "I". I look at it with regard to the overall impression of the individual stock. If I am looking at a small or micro cap, generally I don't want to see funds + banks in it for more than about 10% max, but other factors can cause me to stretch this. Likewise on these stocks, I am not put off by 0% "I", On a large cap, 40% or more ownership would not bother me if I knew this was a stock that a lot of funds want to own, for window dressing if nothing else. I do not include management ownership as part of "I" nor, I think, does WON. On a young company, I like and expect to see large management ownership. This can be extremely high if they have been doing a lot of acquisitions with stock. On a big cap, I am surprised if management owns more than 5%, usually they have their interests in the form of stock options, which are not usually included. 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: Friday, March 13, 1998 4:14 PM Subject: [CANSLIM] Institutional Sponsorship I am reading How to Make Money in Stocks for 7th time and it still is not there. How much is too much Institutional Sponsorship? I am currently using 30% as the max for my scanning but I am having to eliminate quite a few candidates that meet all other criteria except maybe they have 40-45% Funds ownership. CPWR is the 1st that comes to mind. What are the rest of you using for a maximum and minimum on fund ownership? - - ------------------------------ Date: Fri, 13 Mar 1998 18:38:14 -0500 From: Peter Newell Subject: Re: [CANSLIM] Windows on Wall Street John, You can't. Best you can do is create a watch list and scan it. I gave up and switched to quotes plus which is only 15.95 a mo and a whole lot faster. Peter Newell - ---------- > From: JOHN ENGLAND > To: canslim@lists.xmission.com > Subject: [CANSLIM] Windows on Wall Street > Date: Friday, March 13, 1998 10:53 AM > > Can anyone inform me how to use Windows on Wall Street to scan for > canslim characteristics. Any help on this would be greatly appreciated. > Thanx in advance > newbie :) > > > - - - ------------------------------ Date: Fri, 13 Mar 1998 18:46:11 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] MISI Where you bot it was not really "breaking out", it did that back around 33. When you bot it looked to be retreating a little on light volume. So far volume has dried up from the ADV of 85K, on a 5 million float. Management owns 66% and so far there is no indication of them selling, which surprises me considering the chart. Funds own 12% and banks 8%, so "I" not overdone yet. With a relatively small float and light ADV, don't expect every day to show good liquidity. The good news is that it was able to gain on very light volume, which suggests to me that current holders have a considerably higher target price. The chart does not suggest yet a reason to sell, but I would watch it carefully. 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: Joe Scott To: CANSLIM Date: Friday, March 13, 1998 5:03 PM Subject: [CANSLIM] MISI Members, Spoke about MISI with the group a few days ago, I bought on the 9th @ 35.5. Since then it has moved up a bit but volume has fallen off big time. Any thoughts on that from anyone. Scares me because such a small buy or sell moves it so much. Today's volume was terrible. Reason I ask is because I truly, don't claim to know a thing, that's why I watch, listen, read, and try to learn everything I can. This group is great. joe - - ------------------------------ Date: Fri, 13 Mar 1998 17:50:44 -0600 From: "Joe Scott" Subject: Re: [CANSLIM] Windows on Wall Street This is a multi-part message in MIME format. - ------=_NextPart_000_002E_01BD4EA8.8BF678E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Peter, quotes plus which is only 15.95 a mo ? what do they offer for that Peter? or do they have a website I could visit? joe - ------=_NextPart_000_002E_01BD4EA8.8BF678E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Peter,
 
quotes plus which is only 15.95 a mo = ?
 
what do they offer for that  = Peter?
or do they have a website I could = visit?
 
joe
 
 
- ------=_NextPart_000_002E_01BD4EA8.8BF678E0-- - - ------------------------------ Date: Fri, 13 Mar 1998 18:06:41 -0500 From: "James Adams" Subject: [CANSLIM] XETA I've been watching XETA Corp and it appears to forming a handle with other good CANSLIM #s. I would appreciate some input.... Rel Str = 81 EPS = 96 5 YR EPS = 33.5 Projected 5 YR EPS = 30% Zacks Recommendation = Strong Buy Acc/Dis = B Grp Rel Str = A Net Profit Margin 12% Return on Equity 27% Debt/Equity Ratio 0.00 Revenue/Share $8.91 Earnings/Share $1.10 Book Value/Share $3.95 Dividend Rate $0.00 Payout Ratio 0% James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Fri, 13 Mar 1998 18:01:50 -0600 From: "Joe Scott" Subject: Re: [CANSLIM] MISI This is a multi-part message in MIME format. - ------=_NextPart_000_003F_01BD4EAA.190AFFC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I see what your saying Tom, it had retreated a bit. I actually bought it = 6 days after it broke from around 33. I should have looked closer to = that declining volume, and the 66% mgmt.=20 I will watch it closely.=20 I am using Daily Graphs now after speaking with you about it, and as = always appreciate your input.=20 joe - ------=_NextPart_000_003F_01BD4EAA.190AFFC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I see what your saying Tom, it had retreated = a bit. I=20 actually bought it 6 days after it broke from around 33. I should have = looked=20 closer to that declining volume, and the 66% mgmt. 
I will watch it closely.
I am using Daily Graphs now after speaking = with you=20 about it,  and as always appreciate your input. 
joe
- ------=_NextPart_000_003F_01BD4EAA.190AFFC0-- - - ------------------------------ Date: Fri, 13 Mar 1998 19:25:22 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] XETA Current, and consistent, trend for past two weeks has been gradually lower on lower volume. This would stop me from buying it at this point, and it has now reached its 50dma as well. I would want to see both the price and volume trend reverse before acting. GRS is 90, but didn't examine the leaders in the group to see if this trend is group wide. 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 Adams To: Canslim Date: Friday, March 13, 1998 6:49 PM Subject: [CANSLIM] XETA >I've been watching XETA Corp and it appears to forming a handle with other >good CANSLIM #s. I would appreciate some input.... > >Rel Str = 81 >EPS = 96 >5 YR EPS = 33.5 >Projected 5 YR EPS = 30% >Zacks Recommendation = Strong Buy >Acc/Dis = B >Grp Rel Str = A >Net Profit Margin 12% >Return on Equity 27% >Debt/Equity Ratio 0.00 >Revenue/Share $8.91 >Earnings/Share $1.10 >Book Value/Share $3.95 >Dividend Rate $0.00 >Payout Ratio 0% > >James Adams......................Maysville, KY USA >http://www.cris.com/~jimadams/ >Internet Pager 1343361@pager.mirabilis.com > > >- > - - ------------------------------ Date: Fri, 13 Mar 1998 19:28:27 -0500 From: "Tom Worley" Subject: Fw: [CANSLIM] PE (was Airline Industry) Never got this one back, so reposting it. tom w - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: Friday, March 13, 1998 5:55 PM Subject: Re: [CANSLIM] PE (was Airline Industry) >Trailing PE (which is what is typically provided) can often be misleading, >however I do consciously note it, as well as roughly calculate projected PE, >as it tends to dominate expectations, which is what ultimately drives the >prices of stocks. If I buy a stock, as I did with EPIQ, with very high PE >(whether trailing or projected) I also build in a mental alarm to remind >myself that high PE stocks tend to correct faster and harder than low ones. >Thus, hopefully, in times of trouble I am a little quicker on the trigger to >get out. > >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: Surindra J. Singh >To: canslim@lists.xmission.com >Date: Friday, March 13, 1998 7:50 AM >Subject: Re: [CANSLIM] Airline Industry > > >> > >>By the way, I (now) think PE is the last thing to look for when you buy a >>stock-see the internet sector. Tom once explained me why COX continue to >>climb despite such rediculous PE. >> > > - - ------------------------------ Date: Fri, 13 Mar 1998 20:10:27 -0500 From: "Bud Barton" Subject: [CANSLIM] ZOMX BILL GNTX This is a multi-part message in MIME format. - ------=_NextPart_000_0006_01BD4EBC.10E98700 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable These 3 made it through my filter for fridays IBD ZOMX - EPS 99 RS 96 Growth Rate 53% Earning Stability 18 Funds 8% = Mgmt 41% This chart looks like a cup with handle forming to me. Nice base back = in Aug/Sep. Any comments? BILL - EPS 93 RS 92 Growth Rate 32% Earning Stability 9 Funds 27% = Mgmt 8% appears to be basing near 27. Had some problems end of Jan when an = analyst said quarter was not going well but the company refuted this. GNTX - EPS 96 RS 85 Growth Rate 39% Earning Stability 12 Funds 17% = Mgmt 10% appears to be basing 31/32 but volume seems to be drying up. - ------=_NextPart_000_0006_01BD4EBC.10E98700 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
These 3 made it through my filter = for fridays=20 IBD
 
ZOMX  - EPS 99  RS = 96  Growth=20 Rate 53%  Earning Stability 18  Funds 8%  Mgmt = 41%
 
This chart looks like a cup with = handle forming=20 to me.  Nice base back in Aug/Sep.  Any comments?
 
BILL - EPS 93  RS 92  = Growth Rate=20 32%  Earning Stability 9  Funds 27%  Mgmt 8%
 
appears to be basing near 27.  = Had some=20 problems end of Jan when an analyst said quarter was not going well but = the=20 company refuted this.
 
GNTX - EPS 96  RS 85  = Growth Rate=20 39%  Earning Stability 12  Funds 17%  Mgmt = 10%
 
appears to be basing 31/32 but = volume seems to=20 be drying up.
- ------=_NextPart_000_0006_01BD4EBC.10E98700-- - - ------------------------------ Date: Fri, 13 Mar 1998 20:08:42 -0500 From: "James Adams" Subject: Re: [CANSLIM] XETA Tom Worley wrote: >Current, and consistent, trend for past two weeks has been gradually lower >on lower volume. This would stop me from buying it at this point, and it has >now reached its 50dma as well. I would want to see both the price and volume >trend reverse before acting. GRS is 90, but didn't examine the leaders in >the group to see if this trend is group wide. The group has trended lower over the past two weeks as well. James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Fri, 13 Mar 1998 17:24:42 -0800 From: Mike Lucero Subject: RE: [CANSLIM] Windows on Wall Street/Quotes-Plus Speaking of Quotes Plus, I've been using the version 2 beta, and it's a big improvement over version 1. The scanning is a lot faster. They've implemented more of a Pascal style language than version 1. Plus, they now let you specify how far back to start calculating their indicators, to reduce the calculation error. I did notice discrepancies between their eps data and Daily Graphs Online, so I sent them and DGO a piece of mail about it. For instance, the last 4 quarters eps for ACTN show as: QuotesPlus 0.17 0.08 0.31 0.22. Daily Graphs Online 0.17 0.30 0.31 0.23 Microsoft Investor 0.17 0.08 0.33 0.23. They lump funds and banks together which DGO doesn't do, but still, their values for institutional ownership also usually seem about twice as high as DGO. I've told both companies a combination of Quotes-Plus with Daily Graphs Online would be perfect. Mike PS: You can download Quotes-Plus data from the Internet for $12.95/month. They have a free working demo at www.quotes-plus.com. On Friday, March 13, 1998 3:38 PM, Peter Newell [SMTP:pnewell@mci2000.com] wrote: > John, > > You can't. Best you can do is create a watch list and scan it. I gave up > and switched to quotes plus which is only 15.95 a mo and a whole lot > faster. > > Peter Newell > > ---------- > > From: JOHN ENGLAND > > To: canslim@lists.xmission.com > > Subject: [CANSLIM] Windows on Wall Street > > Date: Friday, March 13, 1998 10:53 AM > > > > Can anyone inform me how to use Windows on Wall Street to scan for > > canslim characteristics. Any help on this would be greatly appreciated. > > Thanx in advance > > newbie :) > > > > > > - > > - > > - - ------------------------------ Date: Fri, 13 Mar 1998 17:26:37 -0800 From: Mike Lucero Subject: [CANSLIM] FW: Fundamentals from Daily Graphs That was fast. Mike - -----Original Message----- From: Daily Graphs [SMTP:Dailygraphs@dailygraphs.com] Sent: Friday, March 13, 1998 5:02 PM To: 'mikelu@foxinternet.net' Subject: Fundamentals from Daily Graphs Thank you for your email. You had a few questions regarding institutional holdings and earnings per share results for ACTN. First, we calculate % held by funds and banks by taking the number of shares held by the funds or banks and dividing them by the float of the company. Most of the time if there is a problem, we either have an incorrect capitalization number or the float is incorrect. I checked the capitalization and float for ACTN and CHRZ and verified they are correct. Possibly QuotesPlus % institutional holdings data includes insurance cos. Secondly, the earnings for ACTN are correct as per Daily Graphs. The fiscal 1997 third quarter had a $.22/shr charge for litigation settlement costs, which we backed out from the bottom line of $.08/shr to get $.30/shr. Many times, other services such as Microsoft Investor and QuotesPlus only report net income for companies and they do not excluding unusual or extraordinary i tems. This is why we feel Daily Graphs data is better than other services. Please let us know if you have any further questions. Thank you again for your email and for beta-testing the Online serivce. Daily Graphs Online - - ------------------------------ Date: Fri, 13 Mar 1998 21:24:06 -0600 (CST) From: John Subject: Re: [CANSLIM] Airline Industry Southwest is almost a secret. You never hear about it yet it never quits growing.I have already made about 30% this year. Go for it. John At 10:49 PM 3/12/98 -0500, you wrote: >Is now a good time to get into airline industry stocks. They have >enjoyed quite a run but still have relatively low PE's and fairly decent >growth rates. Particularly , Southwest Airlines (LUV) looks appealing. >Lower oil prices should also help this sector. Any comments. > >thanks > >Ravi > > >- > > > - - ------------------------------ Date: Fri, 13 Mar 1998 23:41:18 -0500 From: "Frank V. Wolynski" Subject: [CANSLIM] Greenspan Valuation Comment on CNBC Did anyone else hear the comment tonight (Friday), on CNBC, around 6:30 to 7:30, that Mr. Greenspan considers the market to overvalued by around 18%? The reporter also stated that the last time this particular indicator was at this level was last summer. They stated basically the indicator was a reverse of the PE. What the .... is that? A earnings to price ratio? Did anyone hear how it was calculated? When were the comments attributed to Mr. Greenspan? Not that I for a moment think that any one persons comments could alter...., err, wait a minute, it WAS Alan and NOT Lou Greenspan from Jersey,... nevermind. Frank Wolynski ( I am often wrong, plan accordingly. ) I attended a Digital Television Conference in Chicago in December and during opening remarks, the Keynote speaker welcomed back the distinguished guests and reported on a tally that had been constructed regarding their predictions from the previous year on where the industry would be in one year. Seems that the experts in the Television Industry were wrong with 80% of their predictions. This made me smile as I remembered how the markets move against the many and I have heard the 80% figure given as the number that are wrong. It plucked the contrarian chords that live in me. Then I logged on yesterday to 'Excite' and for the first time in a year, I explored my setup on the page. I had for some inane reason placed my daily horoscope on the bottom of the page, where I never go. It said, "You would do well to be in opposing form for the short term. Things are the exact opposite of what they seem. If you would normally do things one way, then do them the other. You will have much better success." What a delima! I'm normally contrarian, not for the sake of it, just my logic seems to be bent in that direction. Now I don't know what to do! So, if you are a Sagittarian, as I, then be careful! No that doesn't mean therefore to be reckless.!! - - ------------------------------ Date: Sat, 14 Mar 1998 00:18:41 EST From: DCSquires Subject: Re: [CANSLIM] Institutional Sponsorship In a message dated 98-03-13 16:19:05 EST, you write: << I am reading How to Make Money in Stocks for 7th time and it still is not there. How much is too much Institutional Sponsorship? >> I almost never pay attention to this part of CS. However, it is important if the stock is build a third or fourth stage base. Some examples that come to mind are ASND and Macaffee Ass. The stocks really wanted to come out of those last bases but I suspect that the Inst. selling just wieghed to heavily on the stocks. I guess the reason I don't pay attention to it is because I like to buy stocks moving out of first or second stage bases. Of couse, these aren't easy to find after a huge bull but "I" tends to be low in these cases because funds haven't discovered the stock yet. BTW, I don't think "I" matters at all for tech bellweathers like CPWR. Wall Street loves these stocks and they will always have huge sponsorship numbers. DSquires - - ------------------------------ Date: Sat, 14 Mar 1998 00:21:55 -0500 From: "James Adams" Subject: [CANSLIM] MS Investor Beta I highly recommend that members of this group take advantage of the beta version of Microsoft Investor. It is free for 30days at http://beta.investor.com The stock screening is awesome with 16000 stocks in the db and the most incredible number of variables/criteria I've seen anywhere. There are 14-16 pre-defined screens based on the philosophies of famous analysts such as Zwieg, O'Shanessy, with such titles as "The Dow Dogs" "Wanger's Growth at a Reasonable Price Model," etc. Also the FYI Advisor can notify you when stocks in your portfolio meet certain criteria such as "price breaking above 50dma", "price/sales ratio is 25% below sector avg p/s ratio", etc. Let your imagination for the alerts be you guide here. I would love to hear the group's comments on this site. I'm thinking about paying-up after the 30days. James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Sat, 14 Mar 1998 00:41:11 EST From: DCSquires Subject: Re: [CANSLIM] MISI In a message dated 98-03-13 17:08:24 EST, you write: << Spoke about MISI with the group a few days ago, I bought on the 9th @ 35.5. Since then it has moved up a bit but volume has fallen off big time. Any thoughts on that from anyone. >> This stock looks like it is acting fine to me. It is making a small continuation pattern called a pennet. The volume looks very positive to me as it is drying up signaling a lack of selling preasure. Any fund buying at this point should push it higher. I use trend channels to buy and sell; the top of the trend channel is at 40. If the stock shows stalling action there I would take profits. >>Reason I ask is because I truly, don't claim to know a thing, that's why I watch, listen, read, and try to learn everything I can. This group is great.<< I don't want to preach or sound like a know it all but I had to comment on this. It is great that you are in the group trying to learn. I did the same type of thing and it helps one to climb the learning curve. However, if you enter into a position based on someone elses analysis and you don't really understand why you entered the postion, where you will take a loss and when you will take your profit you will be constantly prone to act on emotion. Emotion is the speculators single worst enemy. It took me a long time and many losses to figure this out. I have learned it is almost always better to do the opposite of what you feel. Hold the stock that shows you a profit and sell the stock that shows you a loss. If you find yourself acting too emotional about a particular postion then just get out; perspective has a strange way of showing up when you are on the sidelines. Good luck DSquires - - ------------------------------ Date: Sat, 14 Mar 1998 00:53:24 EST From: DCSquires Subject: Re: [CANSLIM] XETA In a message dated 98-03-13 18:53:08 EST, you write: << I've been watching XETA Corp and it appears to forming a handle with other good CANSLIM #s. I would appreciate some input.... >> This pattern could easily turn into a head and shoulder top (the pattern alone implies weakness) If you extend a trendline from the former uptrend it shows why the stock turned around two weeks ago. The TL coupled with overhead supply was to much for the uptrend even with the positive volume pattern. If the stock could move through 22 1/4 on heavy volume (100-150 K) I would think it should hold and go higher. You need heavy volume to churn through all those people that established losing positions in late August and late November. DSquires - - ------------------------------ Date: Fri, 13 Mar 1998 08:07:17 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Pick of the week At 22:39 3/12/98 -0600, Dave Cameron wrote: >HCFP has been mentioned here a couple of times. Decent breakout >today. Disclaimer: I already own it. EPS: 98 RS: 96 > >Dave Cameron > >(BTW, whutinhell happened to THQI!?!) > > Losing their contract with the WCW as of Dec 98. Thump! Announced, I believe on Wednesday. Frank Wolynski ( I am often wrong, plan accordingly! ) - - ------------------------------ Date: Fri, 13 Mar 1998 17:55:44 -0500 From: Tom Worley Subject: Re: [CANSLIM] PE (was Airline Industry) Trailing PE (which is what is typically provided) can often be misleading, however I do consciously note it, as well as roughly calculate projected PE, as it tends to dominate expectations, which is what ultimately drives the prices of stocks. If I buy a stock, as I did with EPIQ, with very high PE (whether trailing or projected) I also build in a mental alarm to remind myself that high PE stocks tend to correct faster and harder than low ones. Thus, hopefully, in times of trouble I am a little quicker on the trigger to get out. 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: Surindra J. Singh To: canslim@lists.xmission.com Date: Friday, March 13, 1998 7:50 AM Subject: Re: [CANSLIM] Airline Industry > >By the way, I (now) think PE is the last thing to look for when you buy a >stock-see the internet sector. Tom once explained me why COX continue to >climb despite such rediculous PE. > - - ------------------------------ Date: Sat, 14 Mar 1998 08:11:10 -0500 From: Craig Griffin Subject: RE: [CANSLIM] Windows on Wall Street/Quotes-Plus Mike, Thank you for your reports on QP ver 2 beta! I can't wait to see it and make use of it (QP ver 1 is very nice already). By the way, the discrepancies in the eps data in the second quarter (the .08 vs .30) is because of the smart way DG reports eps. If you go back to the actual report on Yahoo at http://biz.yahoo.com/bw/97/07/29/acpd_actn_1.html you will see that there was a one time charge for $5,000,000. DG recognizes one time charges (as opposed to other kinds of adjustments) and factors them out of their EPS reports. This gives a truer picture of EPS for the quarter (IMO). I have noticed this multiple times in the past. DG often reports different numbers than everybody else for this reason. Everytime I have compared the differences, I have liked the DG numbers better for purposes of investment evaluation. Because it would probably take actually looking at each report to factor out one time charges, I doubt QP will be able to do it (too time consuming with 9000 companies reporting every quarter). Please feel free to forward this info to QP and/or DG. Best regards, Craig You wrote: >I did notice discrepancies between their eps data and Daily Graphs Online, >so I sent them and DGO a piece of mail about it. For instance, the last 4 >quarters eps for ACTN show as: > >QuotesPlus 0.17 0.08 0.31 0.22. >Daily Graphs Online 0.17 0.30 0.31 0.23 >Microsoft Investor 0.17 0.08 0.33 0.23. > - - ------------------------------ Date: Sat, 14 Mar 1998 10:21:24 -0600 From: JOHN ENGLAND Subject: [CANSLIM] Scanning Software Can I get some help on Purchasing a scanning software. I already bought Windows On Wall street about 30 days ago. I can use it with Canslim method.The cheaper the better. Is there possibly a service that includes software and data information online for a monthly fee(reasonable fee) Any help is greatly appreciated. Thanx in Advance, Newbie - - ------------------------------ Date: Sat, 14 Mar 1998 10:28:14 -0600 From: JOHN ENGLAND Subject: Re: [CANSLIM] Scanning Software ection i can't use windows on wallstreet for canslim JOHN ENGLAND wrote: > Can I get some help on Purchasing a scanning software. I already bought > Windows On > Wall street about 30 days ago. I can use it with Canslim method.The > cheaper the better. > Is there possibly a service that includes software and data information > online for a monthly fee(reasonable fee) Any help is greatly > appreciated. > > Thanx in Advance, > Newbie > > - - - ------------------------------ Date: Sat, 14 Mar 1998 12:04:17 EST From: Eccless Subject: [CANSLIM] LCI International On 6 March I bought LCI at 34 1/2. It's not a typical CANSLIM stock, but it met some of the criteria. On Monday, 9 March the stock traded substantially higher. I found out that Quest Comm. had made a buyout offer. (When I bought LCI I had absolutely no clue that there would be a buyout.) Quest is going to offer $42 of Quest stock for every share of LCI. I'm sure that LCI is not going to go higher than 42. I don't want to end up with fractional shares of Quest. (How does one sell fractional shares?) On Friday LCI closed at 39 15/16. Bid is 39 7/8 and Ask is 40 1/16. The Bid and Ask size are both 6. Should I sell LCI now and at what price? Douglas Herman - - ------------------------------ Date: Sat, 14 Mar 1998 09:20:51 -0700 From: Tim Fisher Subject: Re: [CANSLIM] LCI International At 12:04 PM 3/14/98 EST, you wrote: >I'm sure that LCI is not going to go higher than 42. I don't want to end up >with fractional shares of Quest. (How does one sell fractional shares?) > I get dividends reinvested automatically so I have fractional shares of a lot of my stocks. I'm not sure about your broker but with mine I just enter the number of shares in my sell or stop order (ie. 50.035 shares). Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tfish@spiritone.com WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! - - ------------------------------ Date: Sat, 14 Mar 1998 12:26:45 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] LCI International Douglas, I doubt you would get fractional shares, they are typically paid in cash. However, in the typical scenario, LCI is also not likely to go to 42, that was the value placed on the deal when announced, but since it is a stock deal (vice cash) the actual value will depend on how QWST trades, and typically the acquiring company's price drops on the news. LCI's price is now pegged to QWST's performance, it won't go any higher unless there is a competing bid, or QWST goes up. If you don't want QWST shares, then pick an exit point. The fact that QWST price went up on the news says that the mkt views this as a good deal for QWST. If you hold, then you run the risk that a problem develops in the deal or QWST has problems and goes down. If the deal falls apart, typically LCI will fall below where it was trading before the news, at least for a short time. Me personally, I usually sell on the news or shortly thereafter unless I have reason to expect a competitive bid from another company and a bidding war to start (you can tell if the mkt expects this if your stock trades over the value that you would get from the offer on the table). The only time I varied from this was when I owned a buyout company where there was a "residual" payment, which eventually added up to nearly an addl 6% over the cash buyout. 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: Eccless To: canslim@mail.xmission.com Date: Saturday, March 14, 1998 12:02 PM Subject: [CANSLIM] LCI International >On 6 March I bought LCI at 34 1/2. It's not a typical CANSLIM stock, but it >met some of the criteria. > >On Monday, 9 March the stock traded substantially higher. I found out that >Quest Comm. had made a buyout offer. (When I bought LCI I had absolutely no >clue that there would be a buyout.) Quest is going to offer $42 of Quest stock >for every share of LCI. > >I'm sure that LCI is not going to go higher than 42. I don't want to end up >with fractional shares of Quest. (How does one sell fractional shares?) > >On Friday LCI closed at 39 15/16. Bid is 39 7/8 and Ask is 40 1/16. The Bid >and Ask size are both 6. > >Should I sell LCI now and at what price? > >Douglas Herman > >- > - - ------------------------------ End of canslim-digest V2 #146 ***************************** 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.