From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1481 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Tuesday, June 12 2001 Volume 02 : Number 1481 In this issue: [CANSLIM] Has IBD's 'The New America' always been the kiss of death? [CANSLIM] Some may find this interesting [CANSLIM] Tom vs Gann & LLUR Re: [CANSLIM] Tom vs Gann & LLUR Re: [CANSLIM] Ask Bill O'Neil re:KKD -Tim Fisher Re: [CANSLIM] Ask Bill O'Neil re:KKD -Tim Fisher Re: [CANSLIM] Ask Bill O'Neil re:KKD -Tim Fisher [CANSLIM] ADV ... from tomorrow's Investors Corner Re: [CANSLIM] ADV ... from tomorrow's Investors Corner Re: [CANSLIM] ADV ... from tomorrow's Investors Corner Re: [CANSLIM] Introduction-Bill Staton [CANSLIM] PSMT - from todays 'NASDAQ Stocks in the News' Re: [CANSLIM] PSMT - from todays 'NASDAQ Stocks in the News' [CANSLIM] Software to use with CANSLIM? Re: [CANSLIM] Introduction-Bill Staton Re: [CANSLIM] ADV ... from tomorrow's Investors Corner ---------------------------------------------------------------------- Date: Tue, 12 Jun 2001 12:35:00 -0700 From: "Ian" Subject: [CANSLIM] Has IBD's 'The New America' always been the kiss of death? This is a multi-part message in MIME format. - ------=_NextPart_000_0300_01C0F33C.19018050 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable In the last couple of weeks, 'The New America' has profiled ATRO, FRONY = and SCVL - and appears to have been the trigger for a selloff in each. = Has anyone noticed this trend before? Is it a magnet for shorts to = collapse thinly traded issues? Thanks, Ian - ------=_NextPart_000_0300_01C0F33C.19018050 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

In the last couple of weeks, 'The New America' has = profiled=20 ATRO, FRONY and SCVL - and appears to have been the trigger for a = selloff in=20 each. Has anyone noticed this trend before? Is it a magnet for shorts to = collapse thinly traded issues?

Thanks,

Ian

- ------=_NextPart_000_0300_01C0F33C.19018050-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 15:16:13 -0500 From: "David Squires" Subject: [CANSLIM] Some may find this interesting More Lessons Of History By Paul Shread June 12, 2001 - Radio Corporation of America (RCA) was the stock of the roaring '20s, soaring more than 10,000% from 1923 to 1929. It dominated the "wireless" sector of its day, and investors and analysts were convinced that the company's growth had no limits. "You can't pay too much for 'Radio,'" was the rallying cry for the final year or so of its great run. At its peak, the stock had a price-to-earnings ratio of 72. And then the crash of October 1929 struck. By the time the bear market ended in mid-1932, RCA had lost 97% of its value. Competitors arose, the economy plunged, and RCA didn't regain its pre-crash stock price of $114 a share until 1966, 37 years later. After getting back to its old high, it lost two-thirds of its value over the next eight years, bottoming in the 1973-1974 bear market. It was acquired a decade later by GE, one of the companies that had launched it in 1919. There are several lessons to be drawn from the RCA saga. If you're going to buy and hold, diversification and valuation matter, as we discussed in the piece on the Nifty Fifty of the early 1970s. And even when predictions of astronomical growth come true, don't assume that one company will reap all the benefits or grow indefinitely. It is the nature of competition, particularly in technology, that something or someone new or better will eventually come along. The radio was even more revolutionary for its time than the Internet is for ours, and it fulfilled many of the promises of its visionaries. But the mistake investors made was to assume that all the benefits of it would accrue to one business, RCA. Every new technology becomes a commodity eventually; when the basis for competition in an industry becomes mass production and price, the first mover advantage disappears. And technology companies are notoriously short-sighted when it comes to recognizing the next trend in technology, witness IBM's (NYSE:IBM) and Xerox's (NYSE:XRX) legendary missteps in the development of the personal computer. Both companies in the 1960s had runs similar to Cisco (NASDAQ:CSCO) in the 1990s, yet if you had bought them at their peak in 1972, you would have lagged the market for the next 25 years. Can Cisco do better? Juniper Networks (NASDAQ:JNPR) has already challenged the company successfully in the router space, and others have taken the lead in optical technology. If Cisco has one advantage, though, it's that the company understands that it will never develop internally all the technology it needs to stay on top, and is unparalleled at acquiring and integrating the technology it needs. But misguided ideas of limitless growth aren't limited to technology stocks. Of all the Nifty Fifty stocks of the early 1970s, the "one decision" stocks that would grow forever, Simplicity Pattern was the most interesting. Investors bid up the pattern maker on the assumption that women would continue to make their own dresses, at a time when women were beginning to enter the workforce en masse. When everyone in the stock market believes something, it's probably time to bet the other way, because there's no one left to buy into the idea. Note: Finnish cell phone giant Nokia (NYSE:NOK) warned this morning, ensuring another tough day for stocks. When stocks that have gained global market share throughout this slowdown begin to warn, the slowdown is likely becoming global. Disclaimer: Neither internet.com nor the writers of this newsletter makes specific trading recommendations or gives individualized market advice. Information contained in this newsletter is provided as an information service only. internet.com recommends that you get personal advice from an investment professional before buying or selling stocks or other securities. The securities markets are highly speculative areas for investments and only you can determine what level of risk is appropriate for you. Also, users should be aware that internet.com, its employees and affiliates may own securities that are the subject of reports, reviews or analysis in this newsletter. Although internet.com obtains the information reported herein from sources that it deems reliable, no warranty can be given as to the accuracy or completeness of any of the information provided or as to the results obtained by individuals using such information. Each user shall be responsible for the risks of their own investment activities and, in no event, shall internet.com or its employees, agents or affiliates be liable for any direct, indirect, actual, special or consequential damages resulting from the use of the information provided. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 15:49:16 -0500 From: Ernie Hill Subject: [CANSLIM] Tom vs Gann & LLUR Tom, What you have described as LLUR is what I know as an uptrend supported by a Gann 1x1 line. In my intro. I mentioned that I use Gann angle lines as a part of my technical analysis in reference to entry points and placing stops. It is interesting that you mentioned that it looks like a flat base when your head is tilted at a 45 degree angle. This is the exact slope angle of a Gann 1x1 line. I have found that placing an MIT order or buy stop along the lower support line of the uptrend allows me to get an excellent entry point at very low risk. I can then place a sell stop 3-5% below my entry point. This is one of my favorite patterns to trade when used in conjunction with a canslim stock. I have found that it can be effectively used anytime a stock has a break out from a pivot point or into new highs after the stock has made its first reaction back to the 45 degree angle line. By this I mean draw a 45 Degree upward sloping line from the low where the uptrend began. After the price has touched this line once and moved up to the top of the channel, it can be bought the next time it returns to the 45 degree support line from the bottom. This is a great low risk way to get on board a stock that has become extended above its base. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 14:38:00 -0700 From: "Ian" Subject: Re: [CANSLIM] Tom vs Gann & LLUR Ernie: What is the scale of the 45 degree line? What timeframe (eg 1 year) and what unit (eg weekly or daily chart), and what is the y axis scale (i.e., if the stock starts at $20, how far out is the $40 point on the 45 degree line? Thanks a lot, Ian - ----- Original Message ----- From: Ernie Hill To: Sent: Tuesday, June 12, 2001 1:49 PM Subject: [CANSLIM] Tom vs Gann & LLUR > > > Tom, > > What you have described as LLUR is what I know as an uptrend supported > by a Gann 1x1 line. In my intro. I mentioned that I use Gann angle lines > as a part of my technical analysis in reference to entry points and > placing stops. It is interesting that you mentioned that it looks like a > flat base when your head is tilted at a 45 degree angle. This is the > exact slope angle of a Gann 1x1 line. > > I have found that placing an MIT order or buy stop along the lower > support line of the uptrend allows me to get an excellent entry point at > very low risk. I can then place a sell stop 3-5% below my entry point. > > This is one of my favorite patterns to trade when used in conjunction > with a canslim stock. I have found that it can be effectively used > anytime a stock has a break out from a pivot point or into new highs > after the stock has made its first reaction back to the 45 degree angle > line. By this I mean draw a 45 Degree upward sloping line from the low > where the uptrend began. After the price has touched this line once and > moved up to the top of the channel, it can be bought the next time it > returns to the 45 degree support line from the bottom. > > This is a great low risk way to get on board a stock that has become > extended above its base. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 14:52:44 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Ask Bill O'Neil re:KKD -Tim Fisher Vol 500k day in April was what I was looking at. My mistake on the date. I was looking at a high of 42.5 in Dec 00; YHOO's 1yr chart was broken. It still is not a good chart; what cup has a handle at 70 when the old high was 52? One with a high handle, which is not good CANSLIM. There is no handle before 70, IMO. On 12:05 PM 6/12/01, Nicholas Barone Said: >Hi Tim: > >I am having trouble following you ? > >Please refer to actual dates - so that i can look at the volume that you >are indicating? ADV before May 7th incease was much lower than after it. > >Date Clse Vol >23-Apr-01 42.39 546,100 >7-May-01 48.53 1,510,100 >16-May-01 56.40 3,995,300 > >You also mentioned something about earnings - earning were not ? - what >exactly do you mean - +173% + 35% + 150% EPS >last three quarters? > >The chart pattern looks cup and handle to me? > >Regards, >NB > > > >>From: psych360@yahoo.com >>Reply-To: canslim@lists.xmission.com >>To: canslim@lists.xmission.com >>Subject: Re: [CANSLIM] Ask Bill O'Neil re:KKD -Tim Fisher >>Date: Tue, 12 Jun 2001 13:44:30 -0500 >> >>Hate to butt in here, but 54.25 was the old high (Nov. 2, 2000). The >>pivot (broken through on 5/7) was 45.33 which it actually gapped through. >> >>That IS the "17% below 52-week high" breakout being mentioned by IBD. >> >>I think there has just been some misunderstanding through this thread. >>Maybe it was the symbol change from KREM to KKD? >> >> >> >>On Tuesday, June 12, 2001, at 01:31 PM, Tim Fisher wrote: >> >>>I did not say KKD was not CANSLIM. Please re-read my post. I said the >>>breakout from 17% below the 52-wk high in April was not a valid >>>breakout since it was not accompanied by volume in my interpretation. >>>Also, KKD never did form any recognizable chart pattern, there is no >>>nearby support, and it wasn't CANSLIM until the last earnings were >>>released. Before then it was marginal at best. > >_________________________________________________________________ >Get your FREE download of MSN Explorer at http://explorer.msn.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. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 15:42:31 -0700 From: "Nicholas Barone" Subject: Re: [CANSLIM] Ask Bill O'Neil re:KKD -Tim Fisher Hi Tim: I still don't get it ??? 1) Are the earnings ok now -- or is that still a complaint? 2) Is Volume Ok or not? 3)You say no cup and handle - look at chart in IBD -- handle wasn't at 70 - -- handle was before b/o on may 7th? They even draw it in. Let's drop it. Regards, NB >From: Tim Fisher >Reply-To: canslim@lists.xmission.com >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] Ask Bill O'Neil re:KKD -Tim Fisher >Date: Tue, 12 Jun 2001 14:52:44 -0700 > >Vol 500k day in April was what I was looking at. My mistake on the date. I >was looking at a high of 42.5 in Dec 00; YHOO's 1yr chart was broken. It >still is not a good chart; what cup has a handle at 70 when the old high >was 52? One with a high handle, which is not good CANSLIM. There is no >handle before 70, IMO. > >On 12:05 PM 6/12/01, Nicholas Barone Said: >>Hi Tim: >> >>I am having trouble following you ? >> >>Please refer to actual dates - so that i can look at the volume that you >>are indicating? ADV before May 7th incease was much lower than after it. >> >>Date Clse Vol >>23-Apr-01 42.39 546,100 >>7-May-01 48.53 1,510,100 >>16-May-01 56.40 3,995,300 >> >>You also mentioned something about earnings - earning were not ? - what >>exactly do you mean - +173% + 35% + 150% EPS >>last three quarters? >> >>The chart pattern looks cup and handle to me? >> >>Regards, >>NB _________________________________________________________________ Get your FREE download of MSN Explorer at http://explorer.msn.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 16:43:29 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Ask Bill O'Neil re:KKD -Tim Fisher Earnings are OK now. Didn't show up in my scans until last earnings release, so I assume it was the earnings that were keeping it off. Here, it could be the lack of a public track record. I dunno how QP2 treats IPOs, but I suspect that they just now have 3 qtrs as a public co to establish an earnings history. Vol was OK on 5/7 and 5/16 b/o's. Too short a handle for me to call it a handle; learned my lesson with those 2-week handles, and it was no fun. Finally, I hate restaurant stocks, being tied to one until retirement (MCD). I agree with TSC on KKD: The Hole in the Krispy Kreme Craze Are investors expecting too much, even if those are fine, fine doughnuts? By Justin Lahart Associate Editor The simple doughnut is on the ascendant in America, and by the time it reaches its apex our world will be a very different place. Doughnut shops will spread to every corner, making American towns look much like downtown Toronto. Barry Sears will publish a bestselling book suggesting that the key to shedding pounds is a doughnut-rich diet. In the halls of the great universities philosophers will debate whether the cruller should be classified in the genus doughnutae. At least, this is apparently the world as envisioned by those investors who over the last two months caused the shares of Krispy Kreme (NYSE: KKD - news) to more than double. To say that the shares of the doughnut maker are rich is an understatement. Even when one takes into account how quickly the company is growing -- earnings jumped 49% over the last year on a 34% revenue gain -- its price-to-earnings ratio of 107 seems steep. That said, the cult that has grown up around this Winston-Salem, N.C., food company makes it anything but a sure short play, market observers say. The trading in Krispy Kreme bears this out. Although volume has lately been fairly heavy -- in excess of a million shares a day -- most of those trades are in small lots, suggesting that individual investors dominate this stock. Traders who have had to buy larger blocks of the stock for clients complain about how it has "run away" from them -- rising in price as they try to amass shares. Given its extreme valuation and fad status, many investors have shorted Krispy Kreme, selling stock they have borrowed in hopes of buying it back at a lower price and keeping the difference. Although short interest had fallen to 5.9 million shares by mid-May from 6.4 million in mid-April, it is still very hard to borrow the stock, according to several traders. Even if you want to short this stock, you will have a difficult time doing it. Not that shorting Krispy Kreme -- despite its cult status and its heady valuation -- is necessarily such a good idea. "This is the quintessential example of a stock I would never short," says Bill Fleckenstein, president of Fleckenstein Capital and a noted short-seller. "I don't short stocks just because they're overvalued. I particularly stay away from stocks that are crowded [with shorts] like this one. I've seen this movie too many times before." An overvalued and overloved stock can always get more overvalued, more overloved. As its shares run higher, anyone who has gone short has to worry about losing money. Some will cave in, rushing to buy back the stock they have borrowed, and in so doing sending the price ever higher. If short interest is high, a short-covering can send a stock appreciably higher. That's something like what's already happened with Krispy Kreme. Much of its big jump has been the result of rolling short-covering -- some people throwing in the towel and buying back the shares they borrowed, others borrowing those shares as they come back on the market, and so on. "The amount of people that lost money trading this stock," says Gruntal director of equity trading Sam Ginzburg, "could fill Giants stadium." His advice to those who would get involved with Krispy Kreme, on either the long or the short side: "Don't do it. Don't trade this stock. Leave it alone. Give your money to charity." On 03:42 PM 6/12/01, Nicholas Barone Said: >Hi Tim: > > >I still don't get it ??? > >1) Are the earnings ok now -- or is that still a complaint? >2) Is Volume Ok or not? >3)You say no cup and handle - look at chart in IBD -- handle wasn't at 70 >-- handle was before b/o on may 7th? They even draw it in. > >Let's drop it. > >Regards, >NB > > > > >>From: Tim Fisher >>Reply-To: canslim@lists.xmission.com >>To: canslim@lists.xmission.com >>Subject: Re: [CANSLIM] Ask Bill O'Neil re:KKD -Tim Fisher >>Date: Tue, 12 Jun 2001 14:52:44 -0700 >> >>Vol 500k day in April was what I was looking at. My mistake on the date. I >>was looking at a high of 42.5 in Dec 00; YHOO's 1yr chart was broken. It >>still is not a good chart; what cup has a handle at 70 when the old high >>was 52? One with a high handle, which is not good CANSLIM. There is no >>handle before 70, IMO. >> >>On 12:05 PM 6/12/01, Nicholas Barone Said: >>>Hi Tim: >>> >>>I am having trouble following you ? >>> >>>Please refer to actual dates - so that i can look at the volume that you >>>are indicating? ADV before May 7th incease was much lower than after it. >>> >>>Date Clse Vol >>>23-Apr-01 42.39 546,100 >>>7-May-01 48.53 1,510,100 >>>16-May-01 56.40 3,995,300 >>> >>>You also mentioned something about earnings - earning were not ? - what >>>exactly do you mean - +173% + 35% + 150% EPS >>>last three quarters? >>> >>>The chart pattern looks cup and handle to me? >>> >>>Regards, >>>NB > >_________________________________________________________________ >Get your FREE download of MSN Explorer at http://explorer.msn.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. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 19:22:36 -0500 From: "Norman" Subject: [CANSLIM] ADV ... from tomorrow's Investors Corner "While small caps are in vogue, not all of them will become winners. Always seek high-quality stocks, no matter how many - or few - shares are traded daily. Those that have the blessing of mutual funds and other institutions stand a better chance of beating the market. Big winners in the past tended to trade at least 200,000-300,000 shares a day, or $5 million in daily dollar volume. Have the standards changed now that small caps are leading the market? For the answer, IBD searched for the best stocks over the past 12 months. We accepted only stocks that traded at 10 or higher a year ago. The stocks culled all had 12-month returns of 200% or more. Only 24 met those standards, returning an average of 275%. Average daily volume a year ago was 276,000 shares - in line with past figures. But take out PeopleSoft (PSFT), which traded 4.1 million shares a year ago, and volume for the other 23 stocks drops to 102,000 shares." - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 17:55:15 -0700 From: "Ian" Subject: Re: [CANSLIM] ADV ... from tomorrow's Investors Corner Norman: That is great information. I bet a lot of them started their runs in the 40,000 - 80,000 range. My 5 big winners from last year all started with ADV's well under 100,000: DRAM BEIQ CANI MTON SCOT I sold BEIQ in the $40's after it ran up last August. It split, then dropped down to $10 on no volume. As volume has re-entered the stock, it is back up to $37. There was a 3-week window in March right before it broke out again where it barely traded at all! IMHO, the best thing about breakouts starting from low volumes is that a sustained increase in volume is much more apparent. The entire trading pattern of the stock changes as the volume kicks in. Ian PS - Based on my volume delta theory, there is a good probability that SCOT breaks out again in the near future. Current IBD numbers are 77 85 D A C - the poor industry group strength in this case is very relevant, and keeps me out of the stock - but I like to watch and catalog price/volume change relationships for future reference. - ----- Original Message ----- From: Norman To: Sent: Tuesday, June 12, 2001 5:22 PM Subject: [CANSLIM] ADV ... from tomorrow's Investors Corner > "While small caps are in vogue, not all of them will become winners. Always > seek high-quality stocks, no matter how many - or few - shares are traded > daily. Those that have the blessing of mutual funds and other institutions > stand a better chance of beating the market. > > Big winners in the past tended to trade at least 200,000-300,000 shares a > day, or $5 million in daily dollar volume. Have the standards changed now > that small caps are leading the market? For the answer, IBD searched for the > best stocks over the past 12 months. We accepted only stocks that traded at > 10 or higher a year ago. The stocks culled all had 12-month returns of 200% > or more. > > Only 24 met those standards, returning an average of 275%. Average daily > volume a year ago was 276,000 shares - in line with past figures. But take > out PeopleSoft (PSFT), which traded 4.1 million shares a year ago, and > volume for the other 23 stocks drops to 102,000 shares." > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 19:54:05 -0500 From: "Norman" Subject: Re: [CANSLIM] ADV ... from tomorrow's Investors Corner Ian, There was an accompanying table of 15 of the stocks mentioned. 12 of them started with an ADV of under 80K a yr ago. Question: It seems to my untrained 'eye' that it is easier to get into stocks trading in the lower ranges (i.e. less than 100K) because it takes an institution longer to 'buy in'. In a stock trading many more shares it only takes a day or 2 or 3, and it's over quickly before I can take a position. In stocks with less trading vol it may take a week or longer and if I miss the 1st or 2nd days there is still some buying going and thus driving the price up and I can still get in with some upside potential to offset the eventual downside risk. I.E. I'm not getting in on top. Is this how it works? Norm - ----- Original Message ----- From: "Ian" To: Sent: Tuesday, June 12, 2001 7:55 PM Subject: Re: [CANSLIM] ADV ... from tomorrow's Investors Corner > Norman: > > That is great information. > > I bet a lot of them started their runs in the 40,000 - 80,000 range. My 5 > big winners from last year all started with ADV's well under 100,000: DRAM > BEIQ CANI MTON SCOT > > I sold BEIQ in the $40's after it ran up last August. It split, then dropped > down to $10 on no volume. As volume has re-entered the stock, it is back up > to $37. There was a 3-week window in March right before it broke out again > where it barely traded at all! > > IMHO, the best thing about breakouts starting from low volumes is that a > sustained increase in volume is much more apparent. The entire trading > pattern of the stock changes as the volume kicks in. > > > Ian > > PS - Based on my volume delta theory, there is a good probability that SCOT > breaks out again in the near future. Current IBD numbers are 77 85 D A C - > the poor industry group strength in this case is very relevant, and keeps me > out of the stock - but I like to watch and catalog price/volume change > relationships for future reference. > > > > > ----- Original Message ----- > From: Norman > To: > Sent: Tuesday, June 12, 2001 5:22 PM > Subject: [CANSLIM] ADV ... from tomorrow's Investors Corner > > > > "While small caps are in vogue, not all of them will become winners. > Always > > seek high-quality stocks, no matter how many - or few - shares are traded > > daily. Those that have the blessing of mutual funds and other institutions > > stand a better chance of beating the market. > > > > Big winners in the past tended to trade at least 200,000-300,000 shares a > > day, or $5 million in daily dollar volume. Have the standards changed now > > that small caps are leading the market? For the answer, IBD searched for > the > > best stocks over the past 12 months. We accepted only stocks that traded > at > > 10 or higher a year ago. The stocks culled all had 12-month returns of > 200% > > or more. > > > > Only 24 met those standards, returning an average of 275%. Average daily > > volume a year ago was 276,000 shares - in line with past figures. But take > > out PeopleSoft (PSFT), which traded 4.1 million shares a year ago, and > > volume for the other 23 stocks drops to 102,000 shares." > > > > > > > > - > > -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: Tue, 12 Jun 2001 18:00:28 -0700 From: "Jay Oken" Subject: Re: [CANSLIM] Introduction-Bill Staton Interesting how you subtly mention the publisher of your book and then a link to your web site. Then, an endorsement from someone who has never posted before on this board. Maybe next time you should just try junk e-mail. - ----- Original Message ----- From: "Bill Staton" To: Sent: Monday, June 11, 2001 4:53 PM Subject: [CANSLIM] Introduction-Bill Staton > > Bill Staton, MBA, CFA > Chairman, The Staton Institute, Inc. and > Staton Financial Advisors LLC > > I'm quite happy to be among such vast knowledge and > appreciate having a chance to introduce myself. > > I became a millionaire investor at age 31 and a > multimillionaire by 35. I have a documented, 27-year track > record of market-beating results, and teach others how to > achieve the same. I've had the honor of being quoted in The > Wall Street Journal, The New York Times, USA Today, The > Washington Post, U.S. News & World Report and > Kiplinger's > Personal Finance. I have also been profiled in Money and > BottomLine/Personal, among others. > > I am the author of several books - most recently The > America's > Finest Companies Investment Plan: Double Your Money > Every > Five Years (Hyperion, $13.95). I published the internationally > circulated Staton's Investment Advisory from 1986-1999 and > now publishes Bill Staton's E-Money Digest/Guided Portfolio > Service at http://www.statoninstitute.com . > > As founder and chairman of The Staton Institute, Inc., I > empower people to take charge of their personal finances > through entertaining and easy-to-understand educational > materials and Lifetime Riches seminars. I also provide > personalized portfolio management for individuals and small > businesses through Staton Financial Advisors LLC. > > And I have been told that I have a great sense of humor.. > > I look forward to sharing with you on this list.. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 18:22:55 -0700 From: "Ian" Subject: [CANSLIM] PSMT - from todays 'NASDAQ Stocks in the News' Hi all: I was perusing the charts/growth numbers from todays 'NASDAQ Stocks in the News' section. PriceSmart's chart (PSMT - 79 82 B ? A) really jumped out at me (it appears to have had a breakout a couple of weeks ago at $40). It is a warehouse-club retailer that has been opening stores in: Panama (4), Costa Rica (3), Dominican Republic (3), Guatemala (3), El Salvador (2), Honduras (2), Aruba (1), Philippines (1), Trinidad & Tobago (1), and U.S. Virgin Islands (1). Last quarter, they did $0.39/share on 61% revenue growth. They appear to have a very poor history of consistent earnings growth - which is a big negative. Is anyone familiar with this company or their industry. Their current market cap is 6,700,000 shares * $44.25 = $296,000,000 + $50,000,000 debt = $346,000,000. On $120,000,000 in trailing revenue for the quarter, this is a P/S of about 0.7. Can anyone tell me where this stands in relation to their peers? Thanks, Ian - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 18:33:36 -0700 From: Tim Fisher Subject: Re: [CANSLIM] PSMT - from todays 'NASDAQ Stocks in the News' Price/Costco P/S = 0.55. WMT P/S = 1.14 (this includes Wal-Mart and Sam's Club; dunno how to separate the two). On 06:22 PM 6/12/01, Ian Said: >Hi all: > >I was perusing the charts/growth numbers from todays 'NASDAQ Stocks in the >News' section. PriceSmart's chart (PSMT - 79 82 B ? A) really jumped out at >me (it appears to have had a breakout a couple of weeks ago at $40). It is a >warehouse-club retailer that has been opening stores in: Panama (4), Costa >Rica (3), Dominican Republic (3), Guatemala (3), El Salvador (2), Honduras >(2), Aruba (1), Philippines (1), Trinidad & Tobago (1), and U.S. Virgin >Islands (1). > >Last quarter, they did $0.39/share on 61% revenue growth. They appear to >have a very poor history of consistent earnings growth - which is a big >negative. Is anyone familiar with this company or their industry. Their >current market cap is 6,700,000 shares * $44.25 = $296,000,000 + $50,000,000 >debt = $346,000,000. On $120,000,000 in trailing revenue for the quarter, >this is a P/S of about 0.7. Can anyone tell me where this stands in relation >to their peers? > >Thanks, > >Ian Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 21:52:24 -0400 From: "Michael R." Subject: [CANSLIM] Software to use with CANSLIM? Good evening, I am new to CANSLIM, and want to get up to speed (and beyond) as quickly as possible. I know there are a tremendous number of software packages available which do various charting, scanning, and other functions. Is there a particular package which experienced CANSLIMers have found to be more useful than others? I'd like to learn, then master, the "best" pick right off the bat... If such a thing exists. Thanks in advance for any help. Michael R. P.S. I am currently looking at TC2000 v4.5 and MetaStock v.7.2 P.P.S. This list is a *great* resource. In just a few days of lurking I have learned a tremendous deal. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 21:32:02 -0500 From: "The Curry's" Subject: Re: [CANSLIM] Introduction-Bill Staton I don't think there is any reason to post to Mr. Staton; I would be surprised if we hear from him again. If he was interested in an exchange of information on our forum he would have answered the questions asked of him by now. His e-mail was no doubt posted to many sites to try to sell his book. - --Patti > ----- Original Message ----- > From: "Bill Staton" > To: > Sent: Monday, June 11, 2001 4:53 PM > Subject: [CANSLIM] Introduction-Bill Staton > > > > > > Bill Staton, MBA, CFA > > Chairman, The Staton Institute, Inc. and > > Staton Financial Advisors LLC > > > > I'm quite happy to be among such vast knowledge and > > appreciate having a chance to introduce myself. > > > > I became a millionaire investor at age 31 and a > > multimillionaire by 35. I have a documented, 27-year track > > record of market-beating results, and teach others how to > > achieve the same. I've had the honor of being quoted in The > > Wall Street Journal, The New York Times, USA Today, The > > Washington Post, U.S. News & World Report and > > Kiplinger's > > Personal Finance. I have also been profiled in Money and > > BottomLine/Personal, among others. > > > > I am the author of several books - most recently The > > America's > > Finest Companies Investment Plan: Double Your Money > > Every > > Five Years (Hyperion, $13.95). I published the internationally > > circulated Staton's Investment Advisory from 1986-1999 and > > now publishes Bill Staton's E-Money Digest/Guided Portfolio > > Service at http://www.statoninstitute.com . > > > > As founder and chairman of The Staton Institute, Inc., I > > empower people to take charge of their personal finances > > through entertaining and easy-to-understand educational > > materials and Lifetime Riches seminars. I also provide > > personalized portfolio management for individuals and small > > businesses through Staton Financial Advisors LLC. > > > > And I have been told that I have a great sense of humor.. > > > > I look forward to sharing with you on this list.. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 12 Jun 2001 21:26:33 -0500 From: "David Squires" Subject: Re: [CANSLIM] ADV ... from tomorrow's Investors Corner Well, well, well.....what do we have here. We have good information that low ADV stocks are working. Plan and simple the market is changing. I have already dropped my scans from 200000 ADV to 100000 ADV because of my own market observations. Ian is write...this is great information. My scans will now drop to 50000 ADV. To me the market is always right. What's more important? Being right or making money? Of course, I chose making money!!! DSquires - ----- Original Message ----- From: "Ian" To: Sent: Tuesday, June 12, 2001 7:55 PM Subject: Re: [CANSLIM] ADV ... from tomorrow's Investors Corner > Norman: > > That is great information. > > I bet a lot of them started their runs in the 40,000 - 80,000 range. My 5 > big winners from last year all started with ADV's well under 100,000: DRAM > BEIQ CANI MTON SCOT > > I sold BEIQ in the $40's after it ran up last August. It split, then dropped > down to $10 on no volume. As volume has re-entered the stock, it is back up > to $37. There was a 3-week window in March right before it broke out again > where it barely traded at all! > > IMHO, the best thing about breakouts starting from low volumes is that a > sustained increase in volume is much more apparent. The entire trading > pattern of the stock changes as the volume kicks in. > > > Ian > > PS - Based on my volume delta theory, there is a good probability that SCOT > breaks out again in the near future. Current IBD numbers are 77 85 D A C - > the poor industry group strength in this case is very relevant, and keeps me > out of the stock - but I like to watch and catalog price/volume change > relationships for future reference. > > > > > ----- Original Message ----- > From: Norman > To: > Sent: Tuesday, June 12, 2001 5:22 PM > Subject: [CANSLIM] ADV ... from tomorrow's Investors Corner > > > > "While small caps are in vogue, not all of them will become winners. > Always > > seek high-quality stocks, no matter how many - or few - shares are traded > > daily. Those that have the blessing of mutual funds and other institutions > > stand a better chance of beating the market. > > > > Big winners in the past tended to trade at least 200,000-300,000 shares a > > day, or $5 million in daily dollar volume. Have the standards changed now > > that small caps are leading the market? For the answer, IBD searched for > the > > best stocks over the past 12 months. We accepted only stocks that traded > at > > 10 or higher a year ago. The stocks culled all had 12-month returns of > 200% > > or more. > > > > Only 24 met those standards, returning an average of 275%. Average daily > > volume a year ago was 276,000 shares - in line with past figures. But take > > out PeopleSoft (PSFT), which traded 4.1 million shares a year ago, and > > volume for the other 23 stocks drops to 102,000 shares." > > > > > > > > - > > -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. ------------------------------ End of canslim-digest V2 #1481 ****************************** 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.