From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1538 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, July 1 2001 Volume 02 : Number 1538 In this issue: [CANSLIM] What I sent to the NASD this morning Re: [CANSLIM] More NASDAQ crazy's Re: [CANSLIM] More NASDAQ crazy's RE: [CANSLIM] More NASDAQ crazy's Re: [CANSLIM] Final Hour of NASDAQ trading Re: [CANSLIM] What I sent to the NASD this morning Re: [CANSLIM] What I sent to the NASD this morning Re: [CANSLIM] What I sent to the NASD this morning Re: [CANSLIM] More NASDAQ crazy's [CANSLIM] CANSLIM: SCOT Press Release on Friday's crazy range Re: [CANSLIM] CANSLIM: SCOT Press Release on Friday's crazy range Re: [CANSLIM] What I sent to the NASD this morning ---------------------------------------------------------------------- Date: Sun, 1 Jul 2001 06:58:40 -0400 From: "Tom Worley" Subject: [CANSLIM] What I sent to the NASD this morning This is a multi-part message in MIME format. - ------=_NextPart_000_0328_01C101FB.43C6B6C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable OPEN LETTER TO THE BOARD OF GOVERNORS By extending regular trading on Friday, June 29, 2001 by an hour or = more, you have caused severe harm not only to investors but to the = credibility of NASDAQ. While I did no trades on Friday, nor entered any = orders, I am nonetheless harmed by the creation of "false" new highs, = which I use for screening stocks. This will impact my screening and = selection for up to 12 months. This short notice extension of regular = trading, without adequate time for the media to publicize it, caused = actual harm to many investors who entered market orders between 4 PM and = 5 PM or so, expecting execution on the open on Monday. I am aware that = different member firms handled this situation differently. Some = considered it as "after hours" trading, and did not consider in place = existing orders. Others treated it as regular trading hours and not only = executed existing orders that met limits, but also took new orders as = executable, even though those investors had the right to presume there = was no "after market" trading on a Friday. Over the weekend I have confirmed that different data feed sources also = treated stocks hitting new highs (or new lows) differently. Some = adjusted 12 month highs accordingly, while others considered it to be = "after market", and did not change. The credibility of trading NASDAQ stocks is already harmed by the = failure to provide quality IT systems. This decision, to extend trading = hours on a "window dressing day", and especially on a Friday, stinks of = pressure from institutional money managers and mutual funds, to the harm = of the individual investor. If swift corrective action is not taken, the very institution of NASDAQ = trading stands to be permanently harmed. Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0328_01C101FB.43C6B6C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
OPEN LETTER TO THE BOARD OF GOVERNORS
 
By extending regular trading on Friday, June 29, = 2001 by an=20 hour or more, you have caused severe harm not only to investors but to = the=20 credibility of NASDAQ. While I did no trades on Friday, nor entered any = orders,=20 I am nonetheless harmed by the creation of "false" new highs, which I = use for=20 screening stocks. This will impact my screening and selection for up to = 12=20 months. This short notice extension of regular trading, without adequate = time=20 for the media to publicize it, caused actual harm to many investors who = entered=20 market orders between 4 PM and 5 PM or so, expecting execution on the = open on=20 Monday. I am aware that different member firms handled this situation=20 differently. Some considered it as "after hours" trading, and did not = consider=20 in place existing orders. Others treated it as regular trading hours and = not=20 only executed existing orders that met limits, but also took new orders = as=20 executable, even though those investors had the right to presume there = was no=20 "after market" trading on a Friday.
 
Over the weekend I have confirmed that different = data feed=20 sources also treated stocks hitting new highs (or new lows) differently. = Some=20 adjusted 12 month highs accordingly, while others considered it to be = "after=20 market", and did not change.
 
The credibility of trading NASDAQ stocks is already = harmed by=20 the failure to provide quality IT systems. This decision, to extend = trading=20 hours on a "window dressing day", and especially on a Friday, stinks of = pressure=20 from institutional money managers and mutual funds, to the harm of the=20 individual investor.
 
If swift corrective action is not taken, the very = institution=20 of NASDAQ trading stands to be permanently harmed.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
- ------=_NextPart_000_0328_01C101FB.43C6B6C0-- - - - -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, 01 Jul 2001 07:43:26 -0600 From: esetser Subject: Re: [CANSLIM] More NASDAQ crazy's FWIW, I also noticed some extreme moves on several stocks on Friday while reviewing my Leader's List charts. I looked at about 150 charts, with maybe 1/2 of those from the NASDAQ. Of these 70 or 80 stocks, I saw many that appeared normal, quite a few with unusually strong moves up or down (that are now questionable), and a half-dozen that clearly had something very strange going on. Here are six charts that stuck out as crazy's: ACDO, SLOT, APPB, CHIC, HIBB, SCFS These stocks all showed volatility WAY beyond anything they've done before! Here is another "hard stop" would kill you example, and I agree with Tom that the NASDAQ needs to do someething! - - - -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, 1 Jul 2001 14:55:11 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] More NASDAQ crazy's When you look at the intraday charts of many of the Nasdaq stocks, it is incredible. Will be interesting to see what happens to them Monday and if trading will be low. DanF - ----- Original Message ----- From: "esetser" To: Sent: Sunday, July 01, 2001 9:43 AM Subject: Re: [CANSLIM] More NASDAQ crazy's > FWIW, I also noticed some extreme moves on several stocks on Friday while > reviewing my Leader's List charts. I looked at about 150 charts, with > maybe 1/2 of those from the NASDAQ. Of these 70 or 80 stocks, I saw many > that appeared normal, quite a few with unusually strong moves up or down > (that are now questionable), and a half-dozen that clearly had something > very strange going on. Here are six charts that stuck out as crazy's: > > ACDO, SLOT, APPB, CHIC, HIBB, SCFS > > These stocks all showed volatility WAY beyond anything they've done before! > Here is another "hard stop" would kill you example, and I agree with Tom > that the NASDAQ needs to do someething! > > > > > - > -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, 1 Jul 2001 15:16:46 -0400 From: "Surindra" Subject: RE: [CANSLIM] More NASDAQ crazy's Dan: Which site are you using to see the intraday charts? There is discrepancy in the chart and the closing price at some of the sites. Have a nice Monday. Surindra - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dan Forant Sent: Sunday, July 01, 2001 2:55 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] More NASDAQ crazy's When you look at the intraday charts of many of the Nasdaq stocks, it is incredible. Will be interesting to see what happens to them Monday and if trading will be low. DanF - ----- Original Message ----- From: "esetser" To: Sent: Sunday, July 01, 2001 9:43 AM Subject: Re: [CANSLIM] More NASDAQ crazy's > FWIW, I also noticed some extreme moves on several stocks on Friday while > reviewing my Leader's List charts. I looked at about 150 charts, with > maybe 1/2 of those from the NASDAQ. Of these 70 or 80 stocks, I saw many > that appeared normal, quite a few with unusually strong moves up or down > (that are now questionable), and a half-dozen that clearly had something > very strange going on. Here are six charts that stuck out as crazy's: > > ACDO, SLOT, APPB, CHIC, HIBB, SCFS > > These stocks all showed volatility WAY beyond anything they've done before! > Here is another "hard stop" would kill you example, and I agree with Tom > that the NASDAQ needs to do someething! > > > > > - > -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 your free @yahoo.com address at http://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. ------------------------------ Date: Sun, 1 Jul 2001 12:30:47 -0700 From: "Ian" Subject: Re: [CANSLIM] Final Hour of NASDAQ trading I have some orders in just above the 5:00 closing price in several issues, where that price is significantly lower than the 4:00 closing price. I would consider it a gift if they fill, but I am not expecting it. I suspect it would also be profitable to have some short sell orders in just below the closing price where it is much higher than it should have been. I will enter those just before the open tomorrow. Ian - ----- Original Message ----- From: Dave Cameron To: Sent: Saturday, June 30, 2001 3:25 PM Subject: [CANSLIM] Final Hour of NASDAQ trading > Well... my approach was to look at the 1-day chart of the NAZ stocks > in which I'm invested. I set the frequency at 5-minute intervals. > From this, I'm convinced that the closing price is unreliable. > > As an example, look at LNCR (a CANSLIM stock which I own). The > chart (either using Bigcharts or Yahoo) shows a series of trades > between 32.00 and 33.02 throughout the day. The lowest trade prior > to 3:00 EDT was roughly 32.15 (from looking at the graph). > > Yet, the closing price on Bigcharts, Yahoo, and IBD all show 30.01 > Neither Yahoo nor Bigcharts shows a trade at that price. Both show > the last sale at 32.22. (Both stop at 4:00, it seems). > > Yahoo shows a bid/ask spread of 22.00/36.00 !?! (If this were > valid, the market maker could get rich quickly!) > > I logged into my online brokerage account to get a quote. They list > the last sale at 30.01, but the close at 32.22 (the last sale coming > AFTER the close). They list the bid/ask at 30.50/30.89 (much more > believable - but both well below the "closing price". > > Hence... there's no way I'm entering ANY orders, or believing ANY > prices for Nasdaq stocks until a while after trading resumes on > Monday. I don't trust breakouts, breakdowns, charts, etc. I > planned to do a fair amount of research on potential buy candidates. > I am only doing this on exchange-listed stocks this weekend. And, > I'm even being cautious here for a different reason; namely the last > day of the quarter is not very reliable for trading. Mutual funds > make moves on the last day for window dressing. > > > > ===== > Dave Cameron > dfcameron@yahoo.com > > __________________________________________________ > Do You Yahoo!? > Get personalized email addresses from Yahoo! Mail > 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. > - - - -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, 1 Jul 2001 12:32:45 -0700 From: "Ian" Subject: Re: [CANSLIM] What I sent to the NASD this morning This is a multi-part message in MIME format. - ------=_NextPart_000_0167_01C10229.EE117240 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I totally agree. I am extremely surprised at how little attention this = 'glitch' has had in this weekends media. They are pretending that = nothing unusual happened! Ian ----- Original Message -----=20 From: Tom Worley=20 To: CANSLIM=20 Sent: Sunday, July 01, 2001 3:58 AM Subject: [CANSLIM] What I sent to the NASD this morning OPEN LETTER TO THE BOARD OF GOVERNORS By extending regular trading on Friday, June 29, 2001 by an hour or = more, you have caused severe harm not only to investors but to the = credibility of NASDAQ. While I did no trades on Friday, nor entered any = orders, I am nonetheless harmed by the creation of "false" new highs, = which I use for screening stocks. This will impact my screening and = selection for up to 12 months. This short notice extension of regular = trading, without adequate time for the media to publicize it, caused = actual harm to many investors who entered market orders between 4 PM and = 5 PM or so, expecting execution on the open on Monday. I am aware that = different member firms handled this situation differently. Some = considered it as "after hours" trading, and did not consider in place = existing orders. Others treated it as regular trading hours and not only = executed existing orders that met limits, but also took new orders as = executable, even though those investors had the right to presume there = was no "after market" trading on a Friday. Over the weekend I have confirmed that different data feed sources = also treated stocks hitting new highs (or new lows) differently. Some = adjusted 12 month highs accordingly, while others considered it to be = "after market", and did not change. The credibility of trading NASDAQ stocks is already harmed by the = failure to provide quality IT systems. This decision, to extend trading = hours on a "window dressing day", and especially on a Friday, stinks of = pressure from institutional money managers and mutual funds, to the harm = of the individual investor. If swift corrective action is not taken, the very institution of = NASDAQ trading stands to be permanently harmed. Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0167_01C10229.EE117240 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I totally agree. I am extremely surprised at how = little=20 attention this 'glitch' has had in this weekends media. They are = pretending that=20 nothing unusual happened!
 
Ian
 
 
----- Original Message -----
From:=20 Tom = Worley=20
To: CANSLIM
Sent: Sunday, July 01, 2001 = 3:58 AM
Subject: [CANSLIM] What I sent = to the=20 NASD this morning

OPEN LETTER TO THE BOARD OF GOVERNORS
 
By extending regular trading on Friday, June 29, = 2001 by an=20 hour or more, you have caused severe harm not only to investors but to = the=20 credibility of NASDAQ. While I did no trades on Friday, nor entered = any=20 orders, I am nonetheless harmed by the creation of "false" new highs, = which I=20 use for screening stocks. This will impact my screening and selection = for up=20 to 12 months. This short notice extension of regular trading, without = adequate=20 time for the media to publicize it, caused actual harm to many = investors who=20 entered market orders between 4 PM and 5 PM or so, expecting execution = on the=20 open on Monday. I am aware that different member firms handled this = situation=20 differently. Some considered it as "after hours" trading, and did not = consider=20 in place existing orders. Others treated it as regular trading hours = and not=20 only executed existing orders that met limits, but also took new = orders as=20 executable, even though those investors had the right to presume there = was no=20 "after market" trading on a Friday.
 
Over the weekend I have confirmed that different = data feed=20 sources also treated stocks hitting new highs (or new lows) = differently. Some=20 adjusted 12 month highs accordingly, while others considered it to be = "after=20 market", and did not change.
 
The credibility of trading NASDAQ stocks is = already harmed=20 by the failure to provide quality IT systems. This decision, to extend = trading=20 hours on a "window dressing day", and especially on a Friday, stinks = of=20 pressure from institutional money managers and mutual funds, to the = harm of=20 the individual investor.
 
If swift corrective action is not taken, the very=20 institution of NASDAQ trading stands to be permanently = harmed.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
- ------=_NextPart_000_0167_01C10229.EE117240-- - - - -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, 1 Jul 2001 15:37:57 -0500 From: "ernieh" Subject: Re: [CANSLIM] What I sent to the NASD this morning I am glad you sent the letter Tom. I had planned on doing some research this weekend. That got shot in the butt. E > ----- Original Message ----- > From: Tom Worley > To: CANSLIM > Sent: Sunday, July 01, 2001 3:58 AM > Subject: [CANSLIM] What I sent to the NASD this morning > > > OPEN LETTER TO THE BOARD OF GOVERNORS > > By extending regular trading on Friday, June 29, 2001 by an hour or more, you have caused severe harm not only to investors but to the credibility of NASDAQ. While I did no trades on Friday, nor entered any orders, I am nonetheless harmed by the creation of "false" new highs, which I use for screening stocks. This will impact my screening and selection for up to 12 months. This short notice extension of regular trading, without adequate time for the media to publicize it, caused actual harm to many investors who entered market orders between 4 PM and 5 PM or so, expecting execution on the open on Monday. I am aware that different member firms handled this situation differently. Some considered it as "after hours" trading, and did not consider in place existing orders. Others treated it as regular trading hours and not only executed existing orders that met limits, but also took new orders as executable, even though those investors had the right to presume there was no "after market" trading on a Friday. > > Over the weekend I have confirmed that different data feed sources also treated stocks hitting new highs (or new lows) differently. Some adjusted 12 month highs accordingly, while others considered it to be "after market", and did not change. > > The credibility of trading NASDAQ stocks is already harmed by the failure to provide quality IT systems. This decision, to extend trading hours on a "window dressing day", and especially on a Friday, stinks of pressure from institutional money managers and mutual funds, to the harm of the individual investor. > > If swift corrective action is not taken, the very institution of NASDAQ trading stands to be permanently harmed. > > Tom Worley > stkguru@netside.net > AIM: TexWorley > > > - - - -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, 1 Jul 2001 16:00:59 -0500 From: psych360@yahoo.com Subject: Re: [CANSLIM] What I sent to the NASD this morning - --Apple-Mail-1663335596-2 Content-Transfer-Encoding: 7bit Content-Type: text/plain; format=flowed; charset=us-ascii Tom, Which data feed sources made these adjustments? Just looking for a reliable list of new highs. And for a good laugh, look at symbol DCGN. Ridiculous. Thanks, Darren On Sunday, July 1, 2001, at 05:58 AM, Tom Worley wrote: > Over the weekend I have confirmed that different data feed sources also > treated stocks hitting new highs (or new lows) differently. Some > adjusted 12 month highs accordingly, while others considered it to be > "after market", and did not change. - --Apple-Mail-1663335596-2 Content-Transfer-Encoding: 7bit Content-Type: text/enriched; charset=us-ascii Tom, Which data feed sources made these adjustments? Just looking for a reliable list of new highs. And for a good laugh, look at symbol DCGN. Ridiculous. Thanks, Darren On Sunday, July 1, 2001, at 05:58 AM, Tom Worley wrote: Over the weekend I have confirmed that different data feed sources also treated stocks hitting new highs (or new lows) differently. Some adjusted 12 month highs accordingly, while others considered it to be "after market", and did not change. - --Apple-Mail-1663335596-2-- _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://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. ------------------------------ Date: Sun, 1 Jul 2001 19:09:57 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] More NASDAQ crazy's metastock http://www.equis.com/java/ - ----- Original Message ----- From: "Surindra" To: Sent: Sunday, July 01, 2001 3:16 PM Subject: RE: [CANSLIM] More NASDAQ crazy's > Dan: > > Which site are you using to see the intraday charts? There is discrepancy in > the chart and the closing price at some of the sites. > > Have a nice Monday. > > Surindra > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dan Forant > Sent: Sunday, July 01, 2001 2:55 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] More NASDAQ crazy's > > > When you look at the intraday charts of many of the Nasdaq stocks, it is > incredible. Will be interesting to see what happens to them Monday and if > trading will be low. > > DanF > ----- Original Message ----- > From: "esetser" > To: > Sent: Sunday, July 01, 2001 9:43 AM > Subject: Re: [CANSLIM] More NASDAQ crazy's > > > > FWIW, I also noticed some extreme moves on several stocks on Friday while > > reviewing my Leader's List charts. I looked at about 150 charts, with > > maybe 1/2 of those from the NASDAQ. Of these 70 or 80 stocks, I saw many > > that appeared normal, quite a few with unusually strong moves up or down > > (that are now questionable), and a half-dozen that clearly had something > > very strange going on. Here are six charts that stuck out as crazy's: > > > > ACDO, SLOT, APPB, CHIC, HIBB, SCFS > > > > These stocks all showed volatility WAY beyond anything they've done > before! > > Here is another "hard stop" would kill you example, and I agree with Tom > > that the NASDAQ needs to do someething! > > > > > > > > > > - > > -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 your free @yahoo.com address at http://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. > - - - -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, 1 Jul 2001 19:32:15 EDT From: GOOWLS@aol.com Subject: [CANSLIM] CANSLIM: SCOT Press Release on Friday's crazy range SCOT was one of the stocks with a huge price discrepancy on the extended trading on Friday. Monday's open should be interesting. Below is a copy of SCOT's Press Release regarding the reported closing price on Friday. Mike Goode >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> GEORGE TOWN, Grand Cayman--(BUSINESS WIRE)--July 1, 2001--Scottish Annuity & Life Holdings, Ltd. (Nasdaq: SCOT.Q) announced today that a Nasdaq computer malfunction may have caused inaccurate information regarding its closing stock price on Friday, June 29, 2001 to be disseminated to various media outlets. According to the official Nasdaq web site, www.nasdaq.com, Scottish Annuity & Life shares closed Friday, June 29 at $17.00 per share, down $0.44 for the day. The day's high and low prices were $17.38 and $16.95, respectively. Total volume for the trading session was 7,000 shares. "Nasdaq extended the normal trading session to 5:00 pm on Friday because some of their computerized trading systems failed earlier in the day," said Scottish Annuity & Life President Scott E. Willkomm. "As best we can tell, one or more market sell orders totaling little more than 1,000 shares were executed after the normal trading session and were not properly matched with buy orders." "As a result, many media outlets reported that our stock closed at $12.69 on total trading volume of 9,300 shares," Mr. Willkomm added. "However, at around 9:00 pm on Friday evening, the official Nasdaq web site was updated to reflect a $17.00 per share closing price on total volume of 7,000 shares." --30--aw/ny* CONTACT: Scottish Annuity & Life Holdings, Ltd. Scott E. Willkomm, 345/914-7002 scott.willkomm@scottishannuity.com KEYWORD: CAYMAN ISLANDS INTERNATIONAL LATIN AMERICA INDUSTRY KEYWORD: BANKING INSURANCE Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://www.businesswire.com Copyright 2001, Business Wire - - - -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, 1 Jul 2001 17:24:37 -0700 From: "Ian" Subject: Re: [CANSLIM] CANSLIM: SCOT Press Release on Friday's crazy range Darn. I had orders in for 4000 shares in the $13 - $14 range :( Here are 5 great short candidates (and likely great short prices if they were to fill) if their 'closing' prices stick: LXNT - $8.40 DCGN - $12 TBIO - $17 SIPX - $14 PGTV - $22 Check out their 'real' daily charts: http://quote.yahoo.com/q?s=lxnt+dcgn+tbio+sipx+pgtv&d=c&k=c4&t=1d&l=on&z=m&q =l Ian - ----- Original Message ----- From: To: Sent: Sunday, July 01, 2001 4:32 PM Subject: [CANSLIM] CANSLIM: SCOT Press Release on Friday's crazy range > SCOT was one of the stocks with a huge price discrepancy on the extended > trading on Friday. Monday's open should be interesting. Below is a copy of > SCOT's Press Release regarding the reported closing price on Friday. > > Mike Goode > >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> > GEORGE TOWN, Grand Cayman--(BUSINESS WIRE)--July 1, 2001--Scottish > Annuity & Life Holdings, Ltd. (Nasdaq: SCOT.Q) announced today that a > Nasdaq computer malfunction may have caused inaccurate information > regarding its closing stock price on Friday, June 29, 2001 to be > disseminated to various media outlets. > According to the official Nasdaq web site, www.nasdaq.com, > Scottish Annuity & Life shares closed Friday, June 29 at $17.00 per > share, down $0.44 for the day. The day's high and low prices were > $17.38 and $16.95, respectively. Total volume for the trading session > was 7,000 shares. > "Nasdaq extended the normal trading session to 5:00 pm on Friday > because some of their computerized trading systems failed earlier in > the day," said Scottish Annuity & Life President Scott E. Willkomm. > "As best we can tell, one or more market sell orders totaling little > more than 1,000 shares were executed after the normal trading session > and were not properly matched with buy orders." > "As a result, many media outlets reported that our stock closed at > $12.69 on total trading volume of 9,300 shares," Mr. Willkomm added. > "However, at around 9:00 pm on Friday evening, the official Nasdaq web > site was updated to reflect a $17.00 per share closing price on total > volume of 7,000 shares." > > --30--aw/ny* > > CONTACT: Scottish Annuity & Life Holdings, Ltd. > Scott E. Willkomm, 345/914-7002 > scott.willkomm@scottishannuity.com > > KEYWORD: CAYMAN ISLANDS INTERNATIONAL LATIN AMERICA > INDUSTRY KEYWORD: BANKING INSURANCE > > Today's News On The Net - Business Wire's full file on the Internet > with Hyperlinks to your home page. > URL: http://www.businesswire.com > > > Copyright 2001, Business Wire > > > > > - > -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, 1 Jul 2001 21:02:14 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] What I sent to the NASD this morning This is a multi-part message in MIME format. - ------=_NextPart_000_001C_01C10271.1ADDFB80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Only time will tell (esp after we see how some of these stocks open and = trade on Monday) will truly tell what data feed sources are reliable. = Part of the problem is you don't know just where a particular site gets = its data. I have questioned FreeRealTime, for example, on many occasions = about what they show for the 12 month high. I knew they were wrong, but = they would never admit it. DGO appears to be using the closing high, = whether the last trade was prior to 4 PM, or after 6 PM. BigCharts = appears to cut things off at 4 PM, so may be the most reliable. CBS = Marketwatch splits its data between regular trading hours and extended = trading, but won't know until next week if my use of their screening = tools is giving me good data. But looks like they will use the closing = high, regardless of when it occurred. Part of what troubles me on this issue is that some of the stocks that = had extreme price moves in this "extended" trading hour, or two hours or = so, also had very high volume in that time interval. I cannot tell if = this was because a lot of stop loss or stop buy orders were being taken = out, or there really was that much interest in trading those stocks. If = the latter, then I am even more suspicious of institutional control of = this decision, and market manipulation. But I am also surprised and confused that there has not been a hue and = cry in the media over the weekend. Seems to me a lot of individual = investors were actually harmed by what went on. In particular, the = investors that entered market orders between 4 PM and 6 PM or so on = Friday, expecting that trading was done for the week and execution would = be on the open on Monday must have been quite surprised at the price = they got. Maybe it will take a while for the complaints to generate = media or NASD interest. I am also upset that the NASD, and thereby NASDAQ, did not ensure that = all broker dealers would handle this unusual (I don't recall it ever = happening before, much less on a Friday at the end of a quarter) = extension of trading in the same fashion. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: psych360@yahoo.com=20 To: canslim@lists.xmission.com=20 Sent: Sunday, July 01, 2001 5:00 PM Subject: Re: [CANSLIM] What I sent to the NASD this morning Tom, Which data feed sources made these adjustments? Just looking for a = reliable list of new highs. And for a good laugh, look at symbol DCGN. Ridiculous. Thanks, Darren On Sunday, July 1, 2001, at 05:58 AM, Tom Worley wrote: Over the weekend I have confirmed that different data feed sources = also treated stocks hitting new highs (or new lows) differently. Some = adjusted 12 month highs accordingly, while others considered it to be = "after market", and did not change. - ------=_NextPart_000_001C_01C10271.1ADDFB80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Only time will tell (esp after we see how some of = these stocks=20 open and trade on Monday) will truly tell what data feed sources are = reliable.=20 Part of the problem is you don't know just where a particular site gets = its=20 data. I have questioned FreeRealTime, for example, on many occasions = about what=20 they show for the 12 month high. I knew they were wrong, but they would = never=20 admit it. DGO appears to be using the closing high, whether the last = trade was=20 prior to 4 PM, or after 6 PM. BigCharts appears to cut things off at 4 = PM, so=20 may be the most reliable. CBS Marketwatch splits its data between = regular=20 trading hours and extended trading, but won't know until next week if my = use of=20 their screening tools is giving me good data. But looks like they will = use the=20 closing high, regardless of when it occurred.
 
Part of what troubles me on this issue is that some = of the=20 stocks that had extreme price moves in this "extended" trading hour, or = two=20 hours or so, also had very high volume in that time interval. I cannot = tell if=20 this was because a lot of stop loss or stop buy orders were being = taken=20 out, or there really was that much interest in trading those stocks. If = the=20 latter, then I am even more suspicious of institutional control of this=20 decision, and market manipulation.
 
But I am also surprised and confused that there has = not been a=20 hue and cry in the media over the weekend. Seems to me a lot of = individual=20 investors were actually harmed by what went on. In particular, the = investors=20 that entered market orders between 4 PM and 6 PM or so on Friday, = expecting that=20 trading was done for the week and execution would be on the open on = Monday must=20 have been quite surprised at the price they got.  Maybe it will = take a=20 while for the complaints to generate media or NASD = interest.
 
I am also upset that the NASD, and thereby NASDAQ, = did not=20 ensure that all broker dealers would handle this unusual (I don't recall = it ever=20 happening before, much less on a Friday at the end of a quarter) = extension of=20 trading in the same fashion.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 psych360@yahoo.com
To: canslim@lists.xmission.com =
Sent: Sunday, July 01, 2001 = 5:00 PM
Subject: Re: [CANSLIM] What I = sent to the=20 NASD this morning

Tom,

Which data feed sources made these = adjustments?=20 Just looking for a reliable list of new highs.

And for a good = laugh,=20 look at symbol DCGN. Ridiculous.

Thanks,
Darren

On = Sunday,=20 July 1, 2001, at 05:58 AM, Tom Worley wrote:

Over the weekend I have confirmed that different = data=20 feed sources also treated stocks hitting new highs (or new lows)=20 differently. Some adjusted 12 month highs accordingly, while others=20 considered it to be "after market", and did not=20 change.
- ------=_NextPart_000_001C_01C10271.1ADDFB80-- - - - -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 #1538 ****************************** 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.