From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1499 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 Saturday, June 16 2001 Volume 02 : Number 1499 In this issue: Re: [CANSLIM] Bill Staton introduction Re: [CANSLIM] Re : M [CANSLIM] Shorting Re: [CANSLIM] Shorting [CANSLIM] DGO List Re: [CANSLIM] Shorting Re: [CANSLIM] Need help, I'm in a slump Re: [CANSLIM] Bill Staton introduction Re: [CANSLIM] Bill Staton introduction Re: [CANSLIM] Shorting [CANSLIM] Analysts, and their integrity Re: [CANSLIM] Need help, I'm in a slump Re: [CANSLIM] DGO List ---------------------------------------------------------------------- Date: Sat, 16 Jun 2001 12:02:13 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] Bill Staton introduction Hi Bill, Nice to see your here. Your reputation precedes you! (g) Several of us were concerned that your introduction was more of an advertisment. I had emailed to someone at your site to see if it was from you directly. My apologies and I hope you didn't feel picked on. We're quite focused on the use of canslim and the interpretations of Wm.O'Neil via IBD and Daily Charts. First, do you move more into cash in down markets? Do you base your selections on the leading sectors? Perhaps you could give a brief description of what gets you into and keeps you out of the market? Thanks. - -Bill Triffet - ----- Original Message ----- From: "Bill Staton" To: Sent: Saturday, June 16, 2001 5:28 AM Subject: [CANSLIM] Bill Staton introduction > > > > Ok... I'll be the first to bite: are you using canslim? > > -Bill Triffet > > Not at this time. I'm always interested in working with > investment systems that work, so I am interested in learning > more about this one. > > > Bill Staton > Money Management / Speeches / Lifetime Riches Seminars > > Not sure if you need a Money Manager? Take this quick quiz > and find out: http://www.billstaton.com/quiz.htm > > - > -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: Sat, 16 Jun 2001 13:03:55 -0700 From: "Nicholas Barone" Subject: Re: [CANSLIM] Re : M Eric: Thank you for a thoughtful and insightful M analysis. I think I have read a number of posts here as well as IBD talking about the Market being on shaky ground. This adds a further push into the negative bias to say the least. I hope we can hold 2000 on the NAS but if not I also believe that it is a trader Market and down we will go. I am not very good in that area - so I guess I am out till signs pick up. I still hold out hope for a rate cut and up movement following that but unless we get more companies saying that second half earnings are firming I fear the worst. I am also down on the year and only have myself to blame for "hoping" instead of doing what the market tells you. This is a rough one and I don't believe that anyone should feel bad that their trades aren't working - M isn't working and so goes most stocks. Best to all, NB BTW Ernie thank you for your >From: Eric Jaenike >Reply-To: canslim@lists.xmission.com >To: canslim@lists.xmission.com, Dale Dumaw >Subject: Re: [CANSLIM] Re : M >Date: Fri, 15 Jun 2001 10:41:59 -0700 (PDT) > >As I mentioned in previous emails, I've been of the >opinion that we've been in a weak bull since the >reversal of April 4. Since the May 21 c&h breakout on >the Nasdaq, I think there has been an accelerating >negative tone to the market, as determined by (1)the >action on the indexes and (2)individual leading >stocks. > >1. Sticking with the Nasdaq to represent our indexes, >on 5/21 we had a c&h breakout on good volume following >very mediocre action on that index over the preceeding >4 weeks. This breakout was followed the next day by >churning, a less than ideal sign. I found this action >disconcerting, and noted it, but in and of itself it >didn't mean that much. We saw 2 distribution days >immediately following the holiday (the first of which >was questionable, because of the light holiday >trading, but disconcerting nonetheless). I considered >these 2 days to be a second important event, after the >churning on 5/22. At this point, the tone of the rally >over the next several days became important: we had a >move to a new near term high, followed by a sell off. >Stalling in the rebound after the selloff, especially >in the broader context of where we are (choppy post >bear recovery), is a very important sign of impending >weakness. 5/31, 6/1, and 6/4 saw moves up on >decreasing volume each day. This I considered to be >clue 3 that all was not well in the market. 6/5 saw a >good move up on increased volume, but I did not >consider this day to be a strong bull sign because (1) >volume was up from the previous days, but was still >below ADV (2) more problematic, it came as a response >to LU and XLNX announcements. News driven moves are >suspect, as they do not necessarily portend true >underlying support, but are reactionary moves, and >therefore not strong indicators of a trend. I went >long QQQ puts intraday 6/5 based on what appeared to >be a highly suspect rebound off the selloff. The 6/6 >selloff gave me no clues, because volume decreased, >but the move on 6/7 reinforced the view that this >rebound was unhealthy, as volume once again fell off. >Since then, the action has been negative. >On page 50 in HTMMIS, 2nd edition, O'neil writes this >regarding topping action: "Three Ways the First Rally >Attempt Can Fail: If this first attempted bounce back >follows through on the third (6/4), fourth (6/5), or >fifth (6/6) rally day either on decreased volume from >the day before, if it shows poor net price progress as >compared to the progress the day before, or if the >market average overall recovers less than half of the >initial drop from its former absolute intraday peak to >the low, the comeback is feeble and sputtering when it >should be getting strong." > >2. Leading stocks and breakouts seemed to be weakening >and/or failing. FDS, MSS, WTSLA, OO, CIMA, ACAI, >AMSGA, among others, broke down/touched back into >their bases (by no means a complete list). Add BEIQ >and EASI more recently. > >It appears to me that this bull run has come to its >conclusion, and a defensive posture is warranted. >While one must always evaluate the market on a day to >day basis, for now I have replaced my CANSLIM hat with >a traders hat (ie scalping profits, looking strictly >for short term moves, etc). > >I suspect we will see continued choppiness for the >next few months, as we alternate between excess fear >and greed, and the market will largely be driven by >news, rather than a by a more durable, underlying >trend. > >Again, just my $.02. Good luck all. >Eric > >--- Tom Worley wrote: > > that would be my opinion. Too much excessive > > optimism that the > > worst was over in Q1, now faced with the reality of > > the > > confessional season leading us into Q2. > > > > Tom Worley > > stkguru@netside.net > > AIM: TexWorley > > > > ----- Original Message ----- > > From: Nicholas Barone > > To: > > Sent: Thursday, June 14, 2001 3:14 PM > > Subject: [CANSLIM] Re : M > > > > > > Hi All: > > > > View on Market today ? > > > > Seems not to be effecting some leaders like MTON > > but what about NAZ down 5 days in a row ? > > > > Is this just fear of the coming warnings and > > earnings for big cap > > techs > > and/or GE deal and/or Triple Witch or what? > > > > 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. > > > > > > > > - > > -To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your >email. > > >__________________________________________________ >Do You Yahoo!? >Get personalized email addresses from Yahoo! Mail - only $35 >a year! http://personal.mail.yahoo.com/ > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________ 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: Sat, 16 Jun 2001 13:45:37 -0700 From: "Sisyphus" Subject: [CANSLIM] Shorting Who can recommend some good books on shorting, or investment books that= deal with shorting? I have enough technical analysis books that deal with= this...I'm looking for something that deals more with fundamentals, in= considerably more detail than WON does in "How to Make Money..." John - - - -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: Sat, 16 Jun 2001 16:00:33 -0500 From: Gene Ricci Subject: Re: [CANSLIM] Shorting This is a multi-part message in MIME format. - ------=_NextPart_000_02E6_01C0F67D.79623CC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable John, I have a 350 page shorting presentation developed by the = originator of Big Easy. You'll need to have PowerPoint or get the free = PowerPoint 'reader' from the Microsoft site.... if you would like it = send me an email genr@swbell.net It deals with shorting not CANSLIM. Any one else, send request to me (off line). Gene ----- Original Message -----=20 From: Sisyphus=20 To: canslim@lists.xmission.com=20 Sent: Saturday, June 16, 2001 3:45 PM Subject: [CANSLIM] Shorting Who can recommend some good books on shorting, or investment books = that deal with shorting? I have enough technical analysis books that = deal with this...I'm looking for something that deals more with = fundamentals, in considerably more detail than WON does in "How to Make = Money..." John=20 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_02E6_01C0F67D.79623CC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
John, I have a 350 page shorting = presentation=20 developed by the originator of Big Easy. You'll need to = have PowerPoint or=20 get the free PowerPoint 'reader' from the Microsoft site.... if you = would like=20 it send me an email genr@swbell.net It=20 deals with shorting not CANSLIM.
 
Any one else, send request to me (off=20 line).
 
Gene
----- Original Message -----
From:=20 Sisyphus=20
Sent: Saturday, June 16, 2001 = 3:45=20 PM
Subject: [CANSLIM] = Shorting

Who can recommend some good books on shorting, or = investment=20 books that deal with shorting? I have enough technical analysis books = that=20 deal with this...I'm looking for something that deals more with = fundamentals,=20 in considerably more detail than WON does in "How to Make=20 Money..."

John


-
-To subscribe/unsubscribe, = email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email. - ------=_NextPart_000_02E6_01C0F67D.79623CC0-- - - - -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: Sat, 16 Jun 2001 17:23:02 -0400 From: "Tom Worley" Subject: [CANSLIM] DGO List This is a multi-part message in MIME format. - ------=_NextPart_000_0053_01C0F688.FFC8AAA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable List is down again this week at 202, last week at 228. Before that it = was 238 and 278. A truly dreary week, but the market was kind to my = small caps, hitting a new portfolio high and closing the week very close = to that high. So I approach the list this week with a "glass half full" = attitude. But overall "M" is definitely looking ugly, at least until we = get well into the earnings reporting cycle. And still on the horizon is = the FOMC meeting on 6/26/01, a rate cut is a given, but the magnitude of = that cut will likely dictate the short term "M".=20 This original list from DGO consists of those stocks in the Daily Graphs = books (roughly 2,800) that as of Friday had both RS and EPS of 80 or = better. Additionally, they must have been at or within 5% of the 12 = month high during the prior week. In my review of this overall list, I = am only focusing on the recent (6 months) chart patterns.=20 This review of the overall list is solely intended to identify stocks = with good CANSLIM qualities, using authentic WON sourced data, that are = showing some kind of constructive chart formation. The idea is to = present some candidates for member's watch list, not to suggest they are = presently a "buy" candidate. No due diligence has been done. My own = personal bias against certain industries is largely ignored in the = review. As always, my shorthand notation is Bx where "B" means a "B"ase of "x" = weeks, IMO. So, a B5 notation means I see a base of 5 weeks duration. LLUR =3D Lower Left Upper Right Is anybody still reading / using this list? Should I suspend it until = "M" turns positive again? Stocks with bases forming were heavily dominated by small regional = banks. I suspect these groups are doing so well due the large number = getting acquired. =20 EPIQ - b/o Wed, about 10% extended, DISCLOSURE: I still own a qtr = position MTON - despite Friday's trading range, it closed in the base forming at = 55 on heavy volume TARO - the LLUR pattern is getting away from the 50 DMA, trend is = accelerating PECS - sloppy B4 KKD - price spike on Fri just under the pivot on volume, B2+, 2:1 split = coming NYCB - handle forming on a very flat saucer RLRN - double bottom with capitulation, approaching the pivot ESI - B2 PLB - LLUR QUIX - double bottom??, @pivot FLYA - B1+ WLT - B2, dividend cut UHCO - B5, b/o Friday, low volume, low price URS - B3 DME - LLUR RDN - B4 FCN - B2+ NFB - settling into a shallow LLUR ATK - B7 CITZ - B5 BMET - B2+ FNFG - B6 AMIE - B2+ RBNC - B6 UMPQ - B4+ PBKS - B4 BPOP - B3 EFX - B2 CLJ - B2 HRL - B2 FESX - B3 ALLE - B4+ Happy Hunting, Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0053_01C0F688.FFC8AAA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
List is down = again this week at=20 202, last week at 228. Before that it was 238 and 278. A = truly=20 dreary week, but the market was kind to my small caps, hitting a new = portfolio=20 high and closing the week very close to that high. So I approach the = list this=20 week with a "glass half full" attitude. But overall "M" is definitely = looking=20 ugly, at least until we get well into the earnings reporting cycle. And = still on=20 the horizon is the FOMC meeting on 6/26/01, a rate cut is a given, but = the=20 magnitude of that cut will likely dictate the short term "M".=20
 
This = original list from=20 DGO consists of those stocks in the Daily Graphs books (roughly = 2,800) that=20 as of Friday had both RS and EPS of 80 or better.  Additionally, = they must=20 have been at or within 5% of the 12 month high during the prior week. In = my=20 review of this overall list, I am only focusing on the recent (6 months) = chart=20 patterns.=20
 
This review of the overall list is solely intended = to identify=20 stocks with good CANSLIM qualities, using authentic WON sourced data, = that are=20 showing some kind of constructive chart formation. The idea is to = present=20 some candidates for member's watch list, not to suggest they are = presently a=20 "buy" candidate. No due diligence has been done. My own personal bias = against=20 certain industries is largely ignored in the=20 review.
 
As always, my shorthand notation is = Bx where "B"=20 means a "B"ase of "x" weeks, IMO. So, a B5 notation means I see a base = of 5=20 weeks duration.
 
LLUR =3D Lower Left Upper = Right
 
Is anybody still reading / using this list? Should I suspend it = until "M"=20 turns positive again?
 
Stocks with bases forming were heavily dominated by small regional = banks. I=20 suspect these groups are doing so well due the large number getting=20 acquired.
 
EPIQ  - b/o Wed, about 10% extended, = DISCLOSURE: I still=20 own a qtr position
MTON - despite Friday's trading range, it closed in = the base=20 forming at 55 on heavy volume
TARO - the LLUR pattern is getting away from the 50 = DMA, trend=20 is accelerating
PECS - sloppy B4
KKD - price spike on Fri just under the pivot on = volume, B2+,=20 2:1 split coming
NYCB - handle forming on a very flat = saucer
RLRN - double bottom with capitulation, approaching = the=20 pivot
ESI - B2
PLB - LLUR
QUIX - double bottom??, @pivot
FLYA - B1+
WLT - B2, dividend cut
UHCO - B5, b/o Friday, low volume, low = price
URS - B3
DME - LLUR
RDN - B4
FCN - B2+
NFB - settling into a shallow LLUR
ATK - B7
CITZ - B5
BMET - B2+
FNFG - B6
AMIE - B2+
RBNC - B6
UMPQ - B4+
PBKS - B4
BPOP - B3
EFX - B2
CLJ - B2
HRL - B2
FESX - B3
ALLE - B4+
 
Happy Hunting,
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
- ------=_NextPart_000_0053_01C0F688.FFC8AAA0-- - - - -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: Sat, 16 Jun 2001 17:26:55 EDT From: SKutney@aol.com Subject: Re: [CANSLIM] Shorting - --part1_b6.16fdaa1f.285d291f_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit A cheap source of learning about shorting is to read Gary B. Smith's columns at www.thestreet.com. If you look into the archives you will see that he has some nice articles. At www.traderspressbookstore.com you will find a video on shorting by the person who started BigEasy Investor. They also have a few books. Steve Kutney - --part1_b6.16fdaa1f.285d291f_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit A cheap source of learning about shorting is to read Gary B. Smith's columns
at www.thestreet.com.  If you look into the archives you will see that he has
some nice articles.

At www.traderspressbookstore.com you will find a video on shorting by the
person who started BigEasy Investor. They also have a few books.

Steve Kutney - --part1_b6.16fdaa1f.285d291f_boundary-- - - - -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: Sat, 16 Jun 2001 16:28:43 -0500 From: "walter nusbaum" Subject: Re: [CANSLIM] Need help, I'm in a slump This is a multi-part message in MIME format. - ------=_NextPart_000_00DA_01C0F681.689B5BC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable ----- Original Message -----=20 From: Jay Oken=20 To: canslim@lists.xmission.com=20 Sent: Friday, June 15, 2001 7:03 PM Subject: [CANSLIM] Need help, I'm in a slump What do people do when they are in a slump? It seems that almost every = buy I have made the past couple of months has gone wrong. I know the = market doesn't know who you are but I get the feeling that when I buy, = the stock goes down and when I sell it goes up. I intend to sit out the = market for a while and analyze my most recent trades. (in light of that = I sold 4 of my 5 stocks yesterday. Today all 4 went up while the one I = held went down 10%). Last year I was up 14% in a down market but this = year has been very rough and now my confidence is shaken. Any = suggestions? Jay, You've received a wealth of comments and while I have little to add, I = would like to share the words of Teddy Roosevelt, as he quoted Johann = Wolfgang von Goethe: "Far better to dare mighty things, to win glorious = triumphs even though checkered by failure, than to rank with those timid = spirits who neither enjoy nor suffer much because they live in the gray = twilight that knows neither victory nor defeat". Best wishes, Walt =20 - ------=_NextPart_000_00DA_01C0F681.689B5BC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
 
----- Original Message -----
From:=20 Jay=20 Oken
Sent: Friday, June 15, 2001 = 7:03 PM
Subject: [CANSLIM] Need help, = I'm in a=20 slump

What do people do when they are = in a slump?=20 It seems that almost every buy I have made the past couple of=20 months has gone wrong. I know the market doesn't know who you are = but I=20 get the feeling that when I buy, the stock goes down and when I = sell it=20 goes up. I intend to sit out the market for a while and analyze my = most recent=20 trades. (in light of that I sold 4 of my 5 stocks yesterday. Today all = 4 went=20 up while the one I held went down 10%). Last year I was up 14% in a = down=20 market but this year has been very rough and now my confidence is = shaken. Any=20 suggestions?
 
Jay,
You've received a wealth of comments = and while I have=20 little to add, I would like to share the words of Teddy Roosevelt, as = he=20 quoted Johann Wolfgang von Goethe: "Far better to dare mighty things, = to win=20 glorious triumphs even though checkered by failure, than to rank with = those=20 timid spirits who neither enjoy nor suffer much because they live in = the gray=20 twilight that knows neither victory nor defeat".
Best wishes,
Walt
 
- ------=_NextPart_000_00DA_01C0F681.689B5BC0-- - - - -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: Sat, 16 Jun 2001 17:44:40 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Bill Staton introduction Bill, again, welcome to the group and hoping you can share some ideas, preferably applicable to CANSLIM. Several questions: What has been your performance so far this year? How do you deal with this transitional period between a bear and a bull? What is your mixture of stocks / bonds / cash? Do you believe both the economy and the earnings will recover significantly by fourth quarter? Are you focused on any particular sectors or groups? Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: Bill Staton To: Sent: Saturday, June 16, 2001 8:28 AM Subject: [CANSLIM] Bill Staton introduction Bill, Did you make your first million by trading stocks in the market or was it through your various business ventures? I think either is great but there is a clear distinction. Not to compare you to Charles Givens, but he made similar statements. Ed ****************** Actually I made my first million(s) in stocks ONLY. I'm not sure if being compared to Charles Givens was a good thing :), so let please clarify. I've been in business for 30 years, am a CFA and survived 70-71, 73-74, 81-82 and the crash of 87. That experience has caused my guided portfolio in my newsletter to be up 25% in the past year. And thank you for asking. Bill Staton Money Management / Speeches / Lifetime Riches Seminars Not sure if you need a Money Manager? Take this quick quiz and find out: http://www.billstaton.com/quiz.htm - - - -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: Sat, 16 Jun 2001 18:01:10 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Bill Staton introduction Bill, One further question, do you expect to lose a substantial part of your list of stocks with ten consecutive years of earnings and/or dividend increases in this weak economy? If so, how do you cope with that? Do you ever consider a shorter period than ten years? Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: Bill Staton To: Sent: Saturday, June 16, 2001 8:28 AM Subject: [CANSLIM] Bill Staton introduction Welcome aboard. I used to work in the finance department of a company that printed and distributed your books and newsletters. I enjoyed the reading the material. ************** Thank you very much for the warm welcome. I look forward to sharing with others in group.. This is an active list and I'm happy to be a part of it. Bill Staton Money Management / Speeches / Lifetime Riches Seminars Not sure if you need a Money Manager? Take this quick quiz and find out: http://www.billstaton.com/quiz.htm - - - -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: Sat, 16 Jun 2001 16:03:38 -0600 From: DougC Subject: Re: [CANSLIM] Shorting There's different approaches to shorting. Depends on your time frame and selection criteria. Also some use fundamentals first then buy depending on the chart. Others don't look at fundamentals at all. Check out the writers on Trading Markets.com. They all discuss shorting when market conditions warrant it and they are a perfect representation of the different ways to short. Mark Boucher's techniques follow canslim loosely and he pretty much reverses the long fundie requirements for shorts. And the charts he buys off of are upside down C&H and bases on stocks in downtrends. Mark has a 10 week course on the TM site and a lesson specific to shorting. Also check out Dave Landry for swing trade shorting. They both have excellent books out. At 01:45 PM 6/16/01 -0700, you wrote: >Who can recommend some good books on shorting, or investment books that >deal with shorting? I have enough technical analysis books that deal with >this...I'm looking for something that deals more with fundamentals, in >considerably more detail than WON does in "How to Make Money..." > >John > > >- >-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: Sat, 16 Jun 2001 18:33:22 -0400 From: "Tom Worley" Subject: [CANSLIM] Analysts, and their integrity This is a multi-part message in MIME format. - ------=_NextPart_000_00C1_01C0F692.D3168360 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Another interesting article at=20 http://www.fool.com/news/2001/gs010613.htm?ref=3Dem_fwwcm Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_00C1_01C0F692.D3168360 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Another interesting article at
 
http:/= /www.fool.com/news/2001/gs010613.htm?ref=3Dem_fwwcm
 
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
- ------=_NextPart_000_00C1_01C0F692.D3168360-- - - - -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: Sat, 16 Jun 2001 17:24:30 -0400 From: "Stephanie Chicko" Subject: Re: [CANSLIM] Need help, I'm in a slump This is a multi-part message in MIME format. - ------=_NextPart_000_007C_01C0F689.33AB7140 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hey Jay, Please don't feel like you are alone. I've been there especially last = year and it honestly took some time for me begin to study my mistakes. = I wasn't totally following Won and instead, at the time, I followed the = "work crowd". Wrong move! So I did what I usually do when I'm feeling = down and out and very stupid, I crawled into my corner, licked my = wounds and began the healing process. And eventually after some time I = come out fighting and more determine to learn and listen to the market. = Please don't give up. I can't speak for others but you aren't alone. = Please hang in there and continue to learn with the rest of us. Steff - ----- Original Message -----=20 From: Jay Oken=20 To: canslim@lists.xmission.com=20 Sent: Friday, June 15, 2001 8:03 PM Subject: [CANSLIM] Need help, I'm in a slump What do people do when they are in a slump? It seems that almost every = buy I have made the past couple of months has gone wrong. I know the = market doesn't know who you are but I get the feeling that when I buy, = the stock goes down and when I sell it goes up. I intend to sit out the = market for a while and analyze my most recent trades. (in light of that = I sold 4 of my 5 stocks yesterday. Today all 4 went up while the one I = held went down 10%). Last year I was up 14% in a down market but this = year has been very rough and now my confidence is shaken. Any = suggestions? - ------=_NextPart_000_007C_01C0F689.33AB7140 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hey Jay,
Please don't feel like you are = alone.  I've=20 been there especially last year and it honestly took some time for me = begin to=20 study my mistakes.  I wasn't totally following Won and = instead,=20 at the time, I followed the "work crowd".  Wrong = move!  So I=20 did what I usually do when I'm feeling down and out and very=20 stupid,  I crawled into my corner, licked my wounds = and began the=20 healing process.  And eventually after some time I come out = fighting=20 and more determine to learn and listen to the market.  Please = don't=20 give up.  I can't speak for others but you aren't alone.  = Please hang=20 in there and continue to learn with the rest of us.
Steff
----- Original Message -----
From:=20 Jay=20 Oken
To: canslim@lists.xmission.com =
Sent: Friday, June 15, 2001 = 8:03 PM
Subject: [CANSLIM] Need help, = I'm in a=20 slump

What do people do when they are = in a slump?=20 It seems that almost every buy I have made the past couple of=20 months has gone wrong. I know the market doesn't know who you are = but I=20 get the feeling that when I buy, the stock goes down and when I = sell it=20 goes up. I intend to sit out the market for a while and analyze my = most recent=20 trades. (in light of that I sold 4 of my 5 stocks yesterday. Today all = 4 went=20 up while the one I held went down 10%). Last year I was up 14% in a = down=20 market but this year has been very rough and now my confidence is = shaken. Any=20 suggestions?
- ------=_NextPart_000_007C_01C0F689.33AB7140-- - - - -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: Sat, 16 Jun 2001 18:42:03 -0500 From: "Norman" Subject: Re: [CANSLIM] DGO List This is a multi-part message in MIME format. - ------=_NextPart_000_02CF_01C0F694.08DC4560 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom, I still use the list. There is usually a good bit of overlap with the = Weekend Review (in the Friday print edition) but always a half dozen or = more different ones. And I like to see what charts an experienced = person considers buyable. Norm ----- Original Message -----=20 From: Tom Worley=20 To: CANSLIM=20 Sent: Saturday, June 16, 2001 4:23 PM Subject: [CANSLIM] DGO List List is down again this week at 202, last week at 228. Before that it = was 238 and 278. A truly dreary week, but the market was kind to my = small caps, hitting a new portfolio high and closing the week very close = to that high. So I approach the list this week with a "glass half full" = attitude. But overall "M" is definitely looking ugly, at least until we = get well into the earnings reporting cycle. And still on the horizon is = the FOMC meeting on 6/26/01, a rate cut is a given, but the magnitude of = that cut will likely dictate the short term "M".=20 This original list from DGO consists of those stocks in the Daily = Graphs books (roughly 2,800) that as of Friday had both RS and EPS of 80 = or better. Additionally, they must have been at or within 5% of the 12 = month high during the prior week. In my review of this overall list, I = am only focusing on the recent (6 months) chart patterns.=20 This review of the overall list is solely intended to identify stocks = with good CANSLIM qualities, using authentic WON sourced data, that are = showing some kind of constructive chart formation. The idea is to = present some candidates for member's watch list, not to suggest they are = presently a "buy" candidate. No due diligence has been done. My own = personal bias against certain industries is largely ignored in the = review. As always, my shorthand notation is Bx where "B" means a "B"ase of "x" = weeks, IMO. So, a B5 notation means I see a base of 5 weeks duration. LLUR =3D Lower Left Upper Right Is anybody still reading / using this list? Should I suspend it until = "M" turns positive again? Stocks with bases forming were heavily dominated by small regional = banks. I suspect these groups are doing so well due the large number = getting acquired. EPIQ - b/o Wed, about 10% extended, DISCLOSURE: I still own a qtr = position MTON - despite Friday's trading range, it closed in the base forming = at 55 on heavy volume TARO - the LLUR pattern is getting away from the 50 DMA, trend is = accelerating PECS - sloppy B4 KKD - price spike on Fri just under the pivot on volume, B2+, 2:1 = split coming NYCB - handle forming on a very flat saucer RLRN - double bottom with capitulation, approaching the pivot ESI - B2 PLB - LLUR QUIX - double bottom??, @pivot FLYA - B1+ WLT - B2, dividend cut UHCO - B5, b/o Friday, low volume, low price URS - B3 DME - LLUR RDN - B4 FCN - B2+ NFB - settling into a shallow LLUR ATK - B7 CITZ - B5 BMET - B2+ FNFG - B6 AMIE - B2+ RBNC - B6 UMPQ - B4+ PBKS - B4 BPOP - B3 EFX - B2 CLJ - B2 HRL - B2 FESX - B3 ALLE - B4+ Happy Hunting, Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_02CF_01C0F694.08DC4560 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom,
 
I still use the list.  There is usually a good bit of overlap = with the=20 Weekend Review (in the Friday print edition) but always a half dozen or = more=20 different ones.  And I like to see what charts an experienced = person=20 considers buyable.
 
Norm
----- Original Message -----
From:=20 Tom = Worley=20
To: CANSLIM
Sent: Saturday, June 16, 2001 = 4:23=20 PM
Subject: [CANSLIM] DGO = List

List is down = again this week=20 at 202, last week at 228. Before that it was 238 and 278. = A truly=20 dreary week, but the market was kind to my small caps, hitting a new = portfolio=20 high and closing the week very close to that high. So I approach the = list this=20 week with a "glass half full" attitude. But overall "M" is definitely = looking=20 ugly, at least until we get well into the earnings reporting cycle. = And still=20 on the horizon is the FOMC meeting on 6/26/01, a rate cut is a given, = but the=20 magnitude of that cut will likely dictate the short term "M".=20
 
This = original list=20 from DGO consists of those stocks in the Daily Graphs books = (roughly=20 2,800) that as of Friday had both RS and EPS of 80 or better. =20 Additionally, they must have been at or within 5% of the 12 month high = during=20 the prior week. In my review of this overall list, I am only focusing = on the=20 recent (6 months) chart patterns.=20
 
This review of the overall list is solely intended = to=20 identify stocks with good CANSLIM qualities, using authentic WON = sourced data,=20 that are showing some kind of constructive chart formation. The = idea is=20 to present some candidates for member's watch list, not to suggest = they are=20 presently a "buy" candidate. No due diligence has been done. My own = personal=20 bias against certain industries is largely ignored in = the=20 review.
 
As always, my shorthand notation is = Bx where=20 "B" means a "B"ase of "x" weeks, IMO. So, a B5 notation means I see a = base of=20 5 weeks duration.
 
LLUR =3D Lower Left Upper=20 Right
 
Is anybody still reading / using this list? Should I suspend it = until "M"=20 turns positive again?
 
Stocks with bases forming were heavily dominated by small = regional banks.=20 I suspect these groups are doing so well due the large number getting=20 acquired.
=
 
EPIQ  - b/o Wed, about 10% extended, = DISCLOSURE: I=20 still own a qtr position
MTON - despite Friday's trading range, it closed = in the base=20 forming at 55 on heavy volume
TARO - the LLUR pattern is getting away from the = 50 DMA,=20 trend is accelerating
PECS - sloppy B4
KKD - price spike on Fri just under the pivot on = volume,=20 B2+, 2:1 split coming
NYCB - handle forming on a very flat = saucer
RLRN - double bottom with capitulation, = approaching the=20 pivot
ESI - B2
PLB - LLUR
QUIX - double bottom??, @pivot
FLYA - B1+
WLT - B2, dividend cut
UHCO - B5, b/o Friday, low volume, low = price
URS - B3
DME - LLUR
RDN - B4
FCN - B2+
NFB - settling into a shallow LLUR
ATK - B7
CITZ - B5
BMET - B2+
FNFG - B6
AMIE - B2+
RBNC - B6
UMPQ - B4+
PBKS - B4
BPOP - B3
EFX - B2
CLJ - B2
HRL - B2
FESX - B3
ALLE - B4+
 
Happy Hunting,
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
- ------=_NextPart_000_02CF_01C0F694.08DC4560-- - - - -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 #1499 ****************************** 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.