From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1502 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 Sunday, June 17 2001 Volume 02 : Number 1502 In this issue: Re: [CANSLIM] DGO List [CANSLIM] EMBT for Ian [CANSLIM] 2000 vs. 2001/slumps/intermediate trends Re: [CANSLIM] DGO List Re: [CANSLIM] Lurker:Intro Re: [CANSLIM] 2000 vs. 2001/slumps/intermediate trends Re: [CANSLIM] 2000 vs. 2001/slumps/intermediate trends Re: [CANSLIM] DGO List ---------------------------------------------------------------------- Date: Sun, 17 Jun 2001 07:46:56 -0500 From: "Norman" Subject: Re: [CANSLIM] DGO List This is a multi-part message in MIME format. - ------=_NextPart_000_0039_01C0F701.AF01C290 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I understand Tom; poor choice of words on my part. Of course I check = out any that I put on my watch list. Norm ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, June 17, 2001 2:47 AM Subject: Re: [CANSLIM] DGO List Careful, Norm, I am not saying they are "buyable", just "watchable". I = have later looked at some of them, and saw poor earnings forecasts, for = example. I don't do any due diligence, that's up to you individually. = Rarely do I mention one I am watching or interested in due either price, = size, or its industry group. My review is solely limited to the chart pattern I see over the prior = six months (plus, of course, the screening already done by DGO). Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Norman=20 To: canslim@lists.xmission.com=20 Sent: Saturday, June 16, 2001 7:42 PM Subject: Re: [CANSLIM] DGO List 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_0039_01C0F701.AF01C290 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I understand Tom; poor choice of words on my part.  Of course = I check=20 out any that I put on my watch list.
 
Norm
----- Original Message -----
From:=20 Tom = Worley=20
To: canslim@lists.xmission.com=
Sent: Sunday, June 17, 2001 = 2:47 AM
Subject: Re: [CANSLIM] DGO = List

Careful, Norm, I am not saying they are "buyable", = just=20 "watchable". I have later looked at some of them, and saw poor = earnings=20 forecasts, for example. I don't do any due diligence, that's up to you = individually. Rarely do I mention one I am watching or interested in = due=20 either price, size, or its industry group.
 
My review is solely limited to the chart pattern I = see over=20 the prior six months (plus, of course, the screening already done by=20 DGO).
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Norman
Sent: Saturday, June 16, 2001 = 7:42=20 PM
Subject: Re: [CANSLIM] DGO = List

Tom,
 
I still use the list.  There is usually a good bit of = overlap with=20 the Weekend Review (in the Friday print edition) but always a half = dozen or=20 more different ones.  And I like to see what charts an = experienced=20 person considers buyable.
 
Norm
----- Original Message ----- =
From:=20 Tom=20 Worley
To: CANSLIM
Sent: Saturday, June 16, = 2001 4:23=20 PM
Subject: [CANSLIM] DGO = List

List = is down again this=20 week at 202, last week at 228. Before that it was 238 and = 278.=20 A truly dreary week, but the market was kind to my small caps, = hitting a=20 new portfolio high and closing the week very close to that high. = So I=20 approach the list this week with a "glass half full" attitude. But = overall=20 "M" is definitely looking ugly, at least until we get well into = the=20 earnings reporting cycle. And still on the horizon is the FOMC = meeting on=20 6/26/01, a rate cut is a given, but the magnitude of that cut will = likely=20 dictate the short term "M".=20
 
This original=20 list from DGO consists of those stocks in the Daily Graphs = books=20 (roughly 2,800) that as of Friday had both RS and EPS of 80 or=20 better.  Additionally, they must have been at or within 5% of = the 12=20 month high during the prior week. In my review of this overall = list, I am=20 only focusing on the 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=20 data, that are showing some kind of constructive chart = formation. The=20 idea is to present some candidates for member's watch list, not to = suggest=20 they are presently a "buy" candidate. No due diligence has been = done. My=20 own personal bias against certain industries is = largely=20 ignored in the review.
 
As always, my shorthand = notation is Bx=20 where "B" means a "B"ase of "x" weeks, IMO. So, a B5 notation = means I see=20 a base of 5 weeks duration.
 
LLUR =3D Lower Left Upper=20 Right
 
Is anybody still reading / using this list? Should I suspend = it until=20 "M" turns positive again?
 
Stocks with bases forming were heavily dominated by small = regional=20 banks. I suspect these groups are doing so well due the large = number=20 getting 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=20 base 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=20 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
<= /HTML> - ------=_NextPart_000_0039_01C0F701.AF01C290-- - - - -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: Sun, 17 Jun 2001 05:59:10 -0700 (PDT) From: Dave Cameron Subject: [CANSLIM] EMBT for Ian Sigh.... I mentioned that Garrett Van Wagoner was really high on EMBT and touted it recently in an IBD interview. Of course, since that time, Van Wagoner's funds have dropped again. Just adding info to help you understand who'd be on the other side of the table from you. > > PS - Who was it that tried to talk me out of shorting EMBT at $35 a > couple of weeks ago :( ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Spot the hottest trends in music, movies, and more. http://buzz.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 17 Jun 2001 06:10:48 -0700 (PDT) From: Dave Cameron Subject: [CANSLIM] 2000 vs. 2001/slumps/intermediate trends Earl: That's a good point. There are at least 3 of us (you, me, and Jay) who actually made money in 2000 - but have lost money to date in 2001. That is probably a rare feat. Perhaps it says something to our method or psyche which is different than the crowd. For all: I was reading an article by Vic Sperandeo last night. It is quite possible that we are in the first intermediate downtrend in a long term uptrend. Sperandeo defines the short term as days to a week or two. Intermediate trend seems to be about 3 weeks to 13 weeks. Long term seems to be generally over 13 weeks to a few years. Anyway, Sperandeo says that after we've had a bear market - when a bull market commences, there will often be about a 20% advance followed by an intermediate term retracement that won't go all the way back down. This could be caused by those figuring they are back to even from the last bear market, or by taking some quick profits, or just figuring they have enough made to offset their last losses. As far as failed breakouts, that is common in this sort of "starting bull" followed by "retrenchment". Remember that most investors sell their best stocks, not their worst. As such, people may see a breakout on their best stocks and sell to preserve a small profit. The key is watching to see if these stocks pop back out of the base. LNCR is a good example which based under 59.5 It broke out on big volume, stayed above 59.5 for several days until crashing back into the base - hitting the high 57s, but closed back above 59.5 Right now it is back into the low 60s. Dave - --- esetser wrote: > Well, thanks for the encouragement all Dave. I must say, as lousy > as my > year has been, I haven't hit the -20% mark yet. (I think I'm about > -14% > at last count). It seems strange, but there are several of us here > that > did make money in 2000 that seem to be leading the rear of the pack > for > 2001??? Hmmm. > > Dave Cameron wrote: > > > Jay, > > > > FWIW - I am too. I have tried to get back in the market several > > times - and each time, I keep getting burned. Actually, I made > > money in calendar year 2000 - despite the big drop in the Nasdaq. > > This year, I'm already down 20%. > > > > My advice is to do more or less what you are saying: > > 1. Sit out for a while. > > 2. Analyze your trades. > > 3. When you get back in, trade very small. The trades you > > make should seem almost like not worth doing because > > of their size. > > > > Now, realize that I believe this is the best thing to do - but it > > hasn't worked for me as well as I'd like. In my case, first > thing I > > did was get in too early - and get stopped out because of M. > Since > > I had several quick losses - I stopped for a while. Of course, > just > > when I stopped is when the market started to recover. Recently, > I > > finally got convinced we were in a good market for CANSLIM, and > > started buying again. I've been stopped out of all but one > trade > > this past week. When 4 out of 5 get stopped out in one day - it > can > > be demoralizing. > > > > What's hard - is hearing O'Neil's voice saying - "if you cut your > > losses religiously, eventually you'll make a big enough profit to > > offset" - when you're in the middle of the losses. Right now, > I've > > cut my losses religiously, but when one has 6 straight 7% losses > on > > average - that dropped my account value by 12%. > > > > So... anyway you're not alone - and I'm giving you the advice > that I > > believe is best, and I am employing now. > > > > Dave > > --- Jay Oken wrote: > > > 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? > > > > > > > ===== > > Dave Cameron > > dfcameron@yahoo.com > > > > __________________________________________________ > > Do You Yahoo!? > > Spot the hottest trends in music, movies, and more. > > http://buzz.yahoo.com/ > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Spot the hottest trends in music, movies, and more. http://buzz.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 17 Jun 2001 06:15:58 -0700 (PDT) From: Dave Cameron Subject: Re: [CANSLIM] DGO List Tom, Don't suspend. We could be in a short-term or intermediate-term downturn and the market could change any day. Dave - --- Tom Worley wrote: > > Is anybody still reading / using this list? Should I suspend it > until "M" turns positive again? > ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Spot the hottest trends in music, movies, and more. http://buzz.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 17 Jun 2001 06:41:16 -0700 (PDT) From: Dave Cameron Subject: Re: [CANSLIM] Lurker:Intro My comments are interspersed. - --- Chris McShaffrey wrote: > Just wanted to say hello. My name is Chris McShaffrey and I live > in Big Bear Lake, California (in the mountains approx 2 l/2 hours > east of Los Angeles - We don't live on the lake, or in it, but we > have a wonderful view of it). Always good to see a lurker come out of the woodwork; especially one who can swing living in the mountains in a nice area ;-) > > I have been an IBD subscriber since January, 2001 and a DGO > subscriber since May. Although I have invested in mutual funds for > years, my first stock purchase was not until March, 2000 (AMAT) > shortly after which the Nasdaq had it biggest loss of the year, and > then it's biggest loss in history. The newsletter I was following > also had its biggest loss in its 30 year history! > > Well, I have made some major mistakes and looking back I can't > believe how easy I thought it would be. I find this all very > interesting and challenging. I retired from the real estate > business approximately 3 years ago and commend those of you who > still work and are able to keep up with all this. I retired at 48 > due to our successes in real estate so I feel somewhat confident > that I will be able to extend these successes to the stock market. Confidence is always an important part - as long as you understand the system you are using. > > Right now, I'm feeling a little overwhelmed. I'm still reading > HTMMIS, 24ELFIS, the archives and trying to keep up with IBD. > Did you ever see the commercial on TV several years ago on the > Yellow Pages? A woman owned a florist/plant shop and the plants > started growing and wrapping around her. She was frantically > searching through the yellow pages to find a source for exotic > plants. I feel the same way - the email is coming in, the printer > is spilling out stock reports, the lastest issue of IBD has just > been delivered, the talking heads on CNBC are telling us about the > latest developments and I'm frantically calling my Broker asking > "What stock are you recommending?" My advice: ignore the talking heads, ignore the broker. Make your own decisions based on your own research and methods. If you have a solid methodology for buys and sells (like CANSLIM), you can ignore all unrelated opinions. > > A few questions/comments and I hope you will bear with me since I > have not gotten through all the info: > 1. Does anyone also subscribe to ValueLine. IBD highly rated > stocks seem to overlap in VL; > 2. Since I am still studying charts, I have noticed on quite a few > occasions when a stock hits a high, there is a 3 to 4 day selloff > (CPN, ESRX, RLRN) > Is there always a pattern or do you just ignore any that may be > unreadable? Depends on the market. There's usually a pattern - but its all a matter of probabilities. > 3. If its difficult for a stock to have all excellent CANSLIM > ratings, what part of CANSLIM will you accept with a lower rating. For me, it is EPS - sometimes the RS breaks before the EPS - but I won't take an Amazon or Yahoo. > 4. Are the IBD Seminars beneficial > 5. I am somewhat disappointed that there was only one response to > Jay Oken's question on June 10th. Was this the question on "give an example of one of your biggest winners?" > 6. I am not interested in day trading. My original concept was > that if you bought the right stock, you could hold on forever. > Hopefully there's a happy medium. Actually, I first interpreted O'Neil as saying you should buy a stock you could hold for the long term as meaning many years. Later I found that the average length of time for a very successful holding is about 18 months. I never considered this long term, and so I was messing up due to misunderstanding of definitions. > 7. Just starting to get into the archives and haven't seen some of > the names here recently. > > Believe me, I have learned, alot! I'm impressed with the volume of > information by IBD and with the wonderful discussions on this site. > I didn't find you until May. I feel you are all much more > experienced than me and appreciate the chance to be a part of this > group. Since I am a pretty new to all this, I hope to contribute > when I am a little more experienced but I find alot of my questions > are answered as I go through the discussions. > > Hope I have not rambled on here - just wanted to let you know > another "lurker" is out there and appreciates your contributions. > I wonder how many others are out there..... > > Chris Mc > > PS. Jay - we're all in a slump. I'm trying to use this time as an > opportunity to learn from our mistakes and be ready for the next > upleg. > > P.S. Tom - your lists are very useful. > ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Spot the hottest trends in music, movies, and more. http://buzz.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 17 Jun 2001 15:54:45 +0200 From: "Makara, Tamas" Subject: Re: [CANSLIM] 2000 vs. 2001/slumps/intermediate trends Dave, is there a link to this article? Thanks, Tamas Dave Cameron wrote: > Earl: That's a good point. There are at least 3 of us (you, me, > and Jay) who actually made money in 2000 - but have lost money to > date in 2001. That is probably a rare feat. Perhaps it says > something to our method or psyche which is different than the crowd. > > For all: I was reading an article by Vic Sperandeo last night. It > is quite possible that we are in the first intermediate downtrend in > a long term uptrend. Sperandeo defines the short term as days to a > week or two. Intermediate trend seems to be about 3 weeks to 13 > weeks. Long term seems to be generally over 13 weeks to a few > years. Anyway, Sperandeo says that after we've had a bear market - > when a bull market commences, there will often be about a 20% advance > followed by an intermediate term retracement that won't go all the > way back down. This could be caused by those figuring they are back > to even from the last bear market, or by taking some quick profits, > or just figuring they have enough made to offset their last losses. > > As far as failed breakouts, that is common in this sort of "starting > bull" followed by "retrenchment". Remember that most investors sell > their best stocks, not their worst. As such, people may see a > breakout on their best stocks and sell to preserve a small profit. > The key is watching to see if these stocks pop back out of the base. > LNCR is a good example which based under 59.5 It broke out on big > volume, stayed above 59.5 for several days until crashing back into > the base - hitting the high 57s, but closed back above 59.5 Right > now it is back into the low 60s. > > Dave > > --- esetser wrote: > > Well, thanks for the encouragement all Dave. I must say, as lousy > > as my > > year has been, I haven't hit the -20% mark yet. (I think I'm about > > -14% > > at last count). It seems strange, but there are several of us here > > that > > did make money in 2000 that seem to be leading the rear of the pack > > for > > 2001??? Hmmm. > > > > Dave Cameron wrote: > > > > > Jay, > > > > > > FWIW - I am too. I have tried to get back in the market several > > > times - and each time, I keep getting burned. Actually, I made > > > money in calendar year 2000 - despite the big drop in the Nasdaq. > > > This year, I'm already down 20%. > > > > > > My advice is to do more or less what you are saying: > > > 1. Sit out for a while. > > > 2. Analyze your trades. > > > 3. When you get back in, trade very small. The trades you > > > make should seem almost like not worth doing because > > > of their size. > > > > > > Now, realize that I believe this is the best thing to do - but it > > > hasn't worked for me as well as I'd like. In my case, first > > thing I > > > did was get in too early - and get stopped out because of M. > > Since > > > I had several quick losses - I stopped for a while. Of course, > > just > > > when I stopped is when the market started to recover. Recently, > > I > > > finally got convinced we were in a good market for CANSLIM, and > > > started buying again. I've been stopped out of all but one > > trade > > > this past week. When 4 out of 5 get stopped out in one day - it > > can > > > be demoralizing. > > > > > > What's hard - is hearing O'Neil's voice saying - "if you cut your > > > losses religiously, eventually you'll make a big enough profit to > > > offset" - when you're in the middle of the losses. Right now, > > I've > > > cut my losses religiously, but when one has 6 straight 7% losses > > on > > > average - that dropped my account value by 12%. > > > > > > So... anyway you're not alone - and I'm giving you the advice > > that I > > > believe is best, and I am employing now. > > > > > > Dave > > > --- Jay Oken wrote: > > > > 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? > > > > > > > > > > ===== > > > Dave Cameron > > > dfcameron@yahoo.com > > > > > > __________________________________________________ > > > Do You Yahoo!? > > > Spot the hottest trends in music, movies, and more. > > > http://buzz.yahoo.com/ > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > ===== > Dave Cameron > dfcameron@yahoo.com > > __________________________________________________ > Do You Yahoo!? > Spot the hottest trends in music, movies, and more. > http://buzz.yahoo.com/ > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 17 Jun 2001 08:00:38 -0700 (PDT) From: Dave Cameron Subject: Re: [CANSLIM] 2000 vs. 2001/slumps/intermediate trends No such luck - it was in a hard copy. - --- "Makara, Tamas" wrote: > Dave, is there a link to this article? > > Thanks, Tamas > > Dave Cameron wrote: > > > Earl: That's a good point. There are at least 3 of us (you, > me, > > and Jay) who actually made money in 2000 - but have lost money to > > date in 2001. That is probably a rare feat. Perhaps it says > > something to our method or psyche which is different than the > crowd. > > > > For all: I was reading an article by Vic Sperandeo last night. > It > > is quite possible that we are in the first intermediate downtrend > in > > a long term uptrend. Sperandeo defines the short term as days > to a > > week or two. Intermediate trend seems to be about 3 weeks to 13 > > weeks. Long term seems to be generally over 13 weeks to a few > > years. Anyway, Sperandeo says that after we've had a bear > market - > > when a bull market commences, there will often be about a 20% > advance > > followed by an intermediate term retracement that won't go all > the > > way back down. This could be caused by those figuring they are > back > > to even from the last bear market, or by taking some quick > profits, > > or just figuring they have enough made to offset their last > losses. > > > > As far as failed breakouts, that is common in this sort of > "starting > > bull" followed by "retrenchment". Remember that most investors > sell > > their best stocks, not their worst. As such, people may see a > > breakout on their best stocks and sell to preserve a small > profit. > > The key is watching to see if these stocks pop back out of the > base. > > LNCR is a good example which based under 59.5 It broke out on > big > > volume, stayed above 59.5 for several days until crashing back > into > > the base - hitting the high 57s, but closed back above 59.5 > Right > > now it is back into the low 60s. > > > > Dave > > > > --- esetser wrote: > > > Well, thanks for the encouragement all Dave. I must say, as > lousy > > > as my > > > year has been, I haven't hit the -20% mark yet. (I think I'm > about > > > -14% > > > at last count). It seems strange, but there are several of us > here > > > that > > > did make money in 2000 that seem to be leading the rear of the > pack > > > for > > > 2001??? Hmmm. > > > > > > Dave Cameron wrote: > > > > > > > Jay, > > > > > > > > FWIW - I am too. I have tried to get back in the market > several > > > > times - and each time, I keep getting burned. Actually, I > made > > > > money in calendar year 2000 - despite the big drop in the > Nasdaq. > > > > This year, I'm already down 20%. > > > > > > > > My advice is to do more or less what you are saying: > > > > 1. Sit out for a while. > > > > 2. Analyze your trades. > > > > 3. When you get back in, trade very small. The trades you > > > > make should seem almost like not worth doing because > > > > of their size. > > > > > > > > Now, realize that I believe this is the best thing to do - > but it > > > > hasn't worked for me as well as I'd like. In my case, first > > > thing I > > > > did was get in too early - and get stopped out because of M. > > > Since > > > > I had several quick losses - I stopped for a while. Of > course, > > > just > > > > when I stopped is when the market started to recover. > Recently, > > > I > > > > finally got convinced we were in a good market for CANSLIM, > and > > > > started buying again. I've been stopped out of all but one > > > trade > > > > this past week. When 4 out of 5 get stopped out in one day > - it > > > can > > > > be demoralizing. > > > > > > > > What's hard - is hearing O'Neil's voice saying - "if you cut > your > > > > losses religiously, eventually you'll make a big enough > profit to > > > > offset" - when you're in the middle of the losses. Right > now, > > > I've > > > > cut my losses religiously, but when one has 6 straight 7% > losses > > > on > > > > average - that dropped my account value by 12%. > > > > > > > > So... anyway you're not alone - and I'm giving you the advice > > > that I > > > > believe is best, and I am employing now. > > > > > > > > Dave > > > > --- Jay Oken wrote: > > > > > 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? > > > > > > > > > > > > > ===== > > > > Dave Cameron > > > > dfcameron@yahoo.com > > > > > > > > __________________________________________________ > > > > Do You Yahoo!? > > > > Spot the hottest trends in music, movies, and more. > > > > http://buzz.yahoo.com/ > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > ===== > > Dave Cameron > > dfcameron@yahoo.com > > > > __________________________________________________ > > Do You Yahoo!? > > Spot the hottest trends in music, movies, and more. > > http://buzz.yahoo.com/ > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Spot the hottest trends in music, movies, and more. http://buzz.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 17 Jun 2001 12:20:10 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] DGO List Please don't suspend, I use it weekly when it comes out. Has been helpful. DanF - ----- Original Message ----- From: "Dave Cameron" To: Sent: Sunday, June 17, 2001 9:15 AM Subject: Re: [CANSLIM] DGO List > Tom, > > Don't suspend. We could be in a short-term or intermediate-term > downturn and the market could change any day. > > Dave > > --- Tom Worley wrote: > > > > Is anybody still reading / using this list? Should I suspend it > > until "M" turns positive again? > > > > > ===== > Dave Cameron > dfcameron@yahoo.com > > __________________________________________________ > Do You Yahoo!? > Spot the hottest trends in music, movies, and more. > http://buzz.yahoo.com/ > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1502 ****************************** 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.