From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1558 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 8 2001 Volume 02 : Number 1558 In this issue: Re: [CANSLIM] Small cap, low trading volume [CANSLIM] Help needed on chart sites Re: [CANSLIM] Help needed on chart sites Re: [CANSLIM] MTH and ACF [CANSLIM] acc/dis numbers [CANSLIM] Chart Reviews [CANSLIM] Perry: Charts [CANSLIM] Chart - date ranges [CANSLIM] RULES Re: [CANSLIM] Chart site question Re: [CANSLIM] MTH and ACF Re: [CANSLIM] IGT [CANSLIM] OT: Tom re:Ally [CANSLIM] NEOG 92 95 AAB [CANSLIM] Oil Drillers Re: [CANSLIM] DG versus PQ+ and IRL ---------------------------------------------------------------------- Date: Sun, 8 Jul 2001 14:53:59 EDT From: Jwpowers1@aol.com Subject: Re: [CANSLIM] Small cap, low trading volume - --part1_bf.108dab21.287a0647_boundary Content-Type: text/plain; charset="ISO-8859-1" Content-Transfer-Encoding: quoted-printable Hi Tom: Can I assume that you aren't buying 5000 or more shares of a $5 stock tradin= g=20 25,000 shares a day? Do you stick with buying 6-8 stocks when fully invested= =20 or do you have more? Do you average in as volume picks up or ? Thanks YOU SAID "For me personally, most stocks I buy are well under $10 / share, and 10,000= =20 ADV." =A0 But then, I break a lot of rules in trying to get in early. =A0 Tom Worley stkguru@netside.net AIM: TexWorley Joe - --part1_bf.108dab21.287a0647_boundary Content-Type: text/html; charset="ISO-8859-1" Content-Transfer-Encoding: quoted-printable Hi Tom:

Can I assume that you aren't buying 5000 or more shares of a $5 stock tr= ading=20
25,000 shares a day? Do you stick with buying 6-8 stocks when fully inve= sted=20
or do you have more?  Do you average in as volume picks up or ?

Thanks

YOU SAID
"For me personally, most stocks I buy are well under $10 / share, and 10= ,000=20
ADV."
=A0
But then, I break a lot of rules in trying to get in early.
=A0
Tom Worley
stkguru@netside.net
AIM: TexWorley



J= oe
- --part1_bf.108dab21.287a0647_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: Sun, 8 Jul 2001 10:29:08 -0700 (PDT) From: Dave Cameron Subject: [CANSLIM] Help needed on chart sites Does anyone know a site where you can specify an end date for charts? Since I'm doing poorly this year, I want to be able to re-create the charts as they were when I bought and when I sold - rather than looking at how they are today. Stockmaster.com used to give this flexibility; you could enter a start date and an end date, and it would give you a daily chart for all dates in between. Thanks, ===== 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. ------------------------------ Date: Sun, 8 Jul 2001 22:25:07 +0200 From: "dannygottlieb" Subject: Re: [CANSLIM] Help needed on chart sites Dave, try stockcharts.com, under the choice "SharpChart" in the upper right hand corner. Danny - ----- Original Message ----- From: Dave Cameron To: Sent: Sunday, July 08, 2001 7:29 PM Subject: [CANSLIM] Help needed on chart sites > Does anyone know a site where you can specify an end date for charts? > > Since I'm doing poorly this year, I want to be able to re-create the > charts as they were when I bought and when I sold - rather than > looking at how they are today. > > Stockmaster.com used to give this flexibility; you could enter a > start date and an end date, and it would give you a daily chart for > all dates in between. > > Thanks, > > ===== > 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: 8 Jul 2001 14:34:33 CDT From: Fanus Subject: Re: [CANSLIM] MTH and ACF Hi Gene What worked for me in the past when I had the uncontrollable itch to buy,= is to write down reasons why I think I should by versus reasons why I should= n't. = Helped my to stay objective. In my opinion, I do not see anything on the charts of either which would = make me want to buy. ACF haven't reached the pivot yet, and MTH is close to t= he 50 day MA, but the 50 MA wasn't much of support on the past. - - Fanus Gene Ricci wrote: > --------------------------------------------- = > Attachment:=A0 = > MIME Type:=A0multipart/alternative = > --------------------------------------------- = > I'm sitting here ready to buy MTH and ACF...... any advice on going lon= g Monday versus waiting for a further move? I've got a terrible itch to buy= =2E > = > Thanks, > Gene > = > P.S. Tom, thanks for all of your hard work...... and the constant remin= ders to stay focused. You're helping me learn about CANSLIM and the power of discipline. = - - - -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, 8 Jul 2001 15:45:43 -0400 From: Robert Subject: [CANSLIM] acc/dis numbers Here are the latest Acc/Dis numbers Date A B C D E AB/A:E %E Market Posture 6/12/01 1203 2761 1018 637 166 69% 3% Market stable 6/13/01 1184 2719 1052 661 167 67% 3% Market stable 6/14/01 1147 2714 1069 671 173 67% 3% Market stable 6/15/01 1132 2726 1045 693 180 67% 3% Market stable 6/18/01 1022 2669 1086 753 206 64% 4% Market stable 6/19/01 987 2630 1110 798 203 63% 4% Market stable 6/20/01 930 2597 1108 818 245 62% 4% Market in correction 6/21/01 891 2565 1142 822 259 61% 5% Market in correction 6/22/01 924 2563 1117 827 254 61% 4% Market in correction 6/25/01 941 2576 1097 812 266 62% 5% Market in correction 6/26/01 878 2549 1119 852 284 60% 5% Market in correction 6/27/01 885 2491 1132 883 291 59% 5% Market in correction 6/28/01 920 2499 1118 869 286 60% 5% Market in correction 6/29/01 908 2511 1119 861 298 60% 5% Market in correction 7/2/01 957 2519 1126 819 298 61% 5% Market in correction 7/3/01 1110 2527 1024 756 276 64% 5% Market stable 7/5/01 975 2637 1103 767 262 63% 5% Market stable 7/6/01 975 2629 1105 768 263 63% 5% Market stable 7/9/01 964 2548 1136 808 259 61% 5% Market in correction Spread sheet version: Date,A,B,C,D,E,AB/A:E,%E,Market Posture 6/12/01,1203,2761,1018,637,166,69%,3%,Market stable 6/13/01,1184,2719,1052,661,167,67%,3%,Market stable 6/14/01,1147,2714,1069,671,173,67%,3%,Market stable 6/15/01,1132,2726,1045,693,180,67%,3%,Market stable 6/18/01,1022,2669,1086,753,206,64%,4%,Market stable 6/19/01,987,2630,1110,798,203,63%,4%,Market stable 6/20/01,930,2597,1108,818,245,62%,4%,Market in correction 6/21/01,891,2565,1142,822,259,61%,5%,Market in correction 6/22/01,924,2563,1117,827,254,61%,4%,Market in correction 6/25/01,941,2576,1097,812,266,62%,5%,Market in correction 6/26/01,878,2549,1119,852,284,60%,5%,Market in correction 6/27/01,885,2491,1132,883,291,59%,5%,Market in correction 6/28/01,920,2499,1118,869,286,60%,5%,Market in correction 6/29/01,908,2511,1119,861,298,60%,5%,Market in correction 7/2/01,957,2519,1126,819,298,61%,5%,Market in correction 7/3/01,1110,2527,1024,756,276,64%,5%,Market stable 7/5/01,975,2637,1103,767,262,63%,5%,Market stable 7/6/01,975,2629,1105,768,263,63%,5%,Market stable 7/9/01,964,2548,1136,808,259,61%,5%,Market in correction Robert - - - -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, 8 Jul 2001 16:05:04 EDT From: Jwpowers1@aol.com Subject: [CANSLIM] Chart Reviews - --part1_f9.c68ad46.287a16f0_boundary Content-Type: text/plain; charset="ISO-8859-1" Content-Transfer-Encoding: quoted-printable DAVE: You said: ****************************************************************************= ** ******* I'm now well on my way to my worst year ever.=A0=A0 I'm now down over 25% this year.=A0=A0 This is not normal for me.=A0 Jay Oken talked about slumps before - I'll tell ya, I don't have any big losses this year - but I don't have any gains to speak of either.=A0=A0 I don't know how Tom Worley is doing it - but I gotta give him kudos for his success this year. ****************************************************************************= ** ************* Are you down on new trades or on longer term holds? Are you doing trade reviews regularly? Print each chart and review entry an= d=20 exit. It's best to print a chart before you make the trades and write all o= f=20 you reasons for entry. Likewise if you get a profit and give it all back,=20 review for when you might have sold. Print the chart on each exit and put i= t=20 with the entry chart with final notes. Are you adhering to your stop loss rules? These are the things that I have done to help me and that everyone knows tha= t=20 you should do, but most don't. No reply needed. regards Joe - --part1_f9.c68ad46.287a16f0_boundary Content-Type: text/html; charset="ISO-8859-1" Content-Transfer-Encoding: quoted-printable DAVE:

You said:
************************************************************************= ******

*******
I'm now well on my way to my worst year ever.=A0=A0 I'm now down over 25= %
this year.=A0=A0 This is not normal for me.=A0 Jay Oken talked about slu= mps
before - I'll tell ya, I don't have any big losses this year - but I
don't have any gains to speak of either.=A0=A0 I don't know how Tom
Worley is doing it - but I gotta give him kudos for his success this yea= r.
************************************************************************= ******

*************
Are you down on new trades or on longer term holds?

Are you doing trade reviews regularly?  Print each chart and review= entry and=20
exit.  It's best to print a chart before you make the trades and wr= ite all of=20
you reasons for entry.  Likewise if you get a profit and give it al= l back,=20
review for when you might have sold.  Print the chart on each exit=20= and put it=20
with the entry chart with final notes.

Are you adhering to your stop loss rules?

These are the things that I have done to help me and that everyone knows= that=20
you should do, but most don't.

No reply needed.

regards
Joe
- --part1_f9.c68ad46.287a16f0_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: Sun, 8 Jul 2001 16:05:06 EDT From: Jwpowers1@aol.com Subject: [CANSLIM] Perry: Charts - --part1_7f.16dcc736.287a16f2_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Perry: Go to stockcharts.com, select "Candleglance Groups" On the left menu. Go down and enter up to 10 symbols, when done, then hit "Go". Copy the address from the browser window into your message. Make it a hyperlink if you can. For your own use, you can make this a "Favorite" or "Bookmark" and create as many groups of 10 as you want. Save each as a favorite. Then by a few clicks, you can scan thru all of them. Note, you can also drill down. good luck Joe - --part1_7f.16dcc736.287a16f2_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Perry:

Go to stockcharts.com, select "Candleglance Groups" On the left menu.  Go
down and enter up to 10 symbols, when done, then hit "Go".  Copy the address
from the browser window into your message.  Make it a hyperlink if you can.

For your own use, you can make this a "Favorite" or "Bookmark" and create as
many groups of 10 as you want.  Save each as a favorite.  Then by a few
clicks, you can scan thru all of them.  Note, you can also drill down.

good luck

Joe
- --part1_7f.16dcc736.287a16f2_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: Sun, 8 Jul 2001 16:05:02 EDT From: Jwpowers1@aol.com Subject: [CANSLIM] Chart - date ranges - --part1_11a.157de65.287a16ee_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Dave: Bigcharts.com let's you pick a custom date range. Joe - --part1_11a.157de65.287a16ee_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Dave: Bigcharts.com let's you pick a custom date range.

Joe
- --part1_11a.157de65.287a16ee_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: Sun, 8 Jul 2001 16:05:06 EDT From: Jwpowers1@aol.com Subject: [CANSLIM] RULES - --part1_40.ddc1e05.287a16f2_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit There are many ways to make and lose money on stocks. The advantage of CANSLIM is that it has a written set of rules which is one of the "secrets" to trading success. The next secret is "discipline to follow the rules, ALL the rules, including stop loss". The last secret is to do trade review on every trade so that you get better at recognizing good entries and exits. 20 Rules from Bill O'Neil. When the 1/10/01 or so buy signal was made this year, BIG money was made buying all of the double bottom breakouts on broken down tech stocks. Big money can also be made simply trading technicals and forget about fundamentals, eps, etc. You just need rules,discipline, money management, hard work and continuous improvement. I personally am not interested in trading stocks with low $trading volume. I would rather be on the sidelines or buy Fidelity low price stock fund. I NEED liquidity. I do violate the rules on entry with success. However, I don't violate the stop loss rules and usually get out with less than 8%. When everyone has their own rules, I find message boards to be of low value. While interesting for awhile, it is much more useful to have people looking for and identifying potential buys/sells with similar rules. And to share "trade reviews" to get better at selection. Perhaps this is a nirvana that will never happen. This is a comment and opinion, not a criticism. good luck. Joe - --part1_40.ddc1e05.287a16f2_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit There are many ways to make and lose money on stocks.  The advantage of
CANSLIM is that it has a written set of rules which is one of the "secrets"
to trading success.  The next secret is "discipline to follow the rules, ALL
the rules, including stop loss".  The last secret is to do trade review on
every trade so that you get better at recognizing good entries and exits.

20 Rules from Bill O'Neil.

When the 1/10/01 or so buy signal was made this year, BIG money was made
buying all of the double bottom breakouts on broken down tech stocks.  Big
money can also be made simply trading technicals and forget about
fundamentals, eps, etc.  You just need rules,discipline, money management,
hard work and continuous improvement.

I personally am not interested in trading stocks with low $trading volume.  I
would rather be on the sidelines or buy Fidelity low price stock fund. I NEED
liquidity.

I do violate the rules on entry with success.  However, I don't violate the
stop loss rules and usually get out with less than 8%.

When everyone has their own rules, I find message boards to be of low value.  
While interesting for awhile, it is much more useful to have people looking
for and identifying potential buys/sells with similar rules.  And to share
"trade reviews" to get better at selection.  Perhaps this is a nirvana that
will never happen.

This is a comment and opinion, not a criticism.

good luck.

Joe
- --part1_40.ddc1e05.287a16f2_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: Sun, 8 Jul 2001 16:06:39 -0400 From: "William Nelson" Subject: Re: [CANSLIM] Chart site question Dave, MSN gives you the ability to chose any start and stop date for its charts. Simple and free, I think BigCharts also does it, and is free as well. Nelson - ----- Original Message ----- From: "Dave Cameron" To: "Dave Cameron" ; Sent: Sunday, July 08, 2001 1:50 PM Subject: [CANSLIM] Chart site question > Trying again - majordomo intercepted it with the word: 'h-e-l-p' in > the title. > > --- Dave Cameron wrote: > > Does anyone know a site where you can specify an end date for > > charts? > > > > Since I'm doing poorly this year, I want to be able to re-create > > the > > charts as they were when I bought and when I sold - rather than > > looking at how they are today. > > > > Stockmaster.com used to give this flexibility; you could enter a > > start date and an end date, and it would give you a daily chart for > > all dates in between. > > > > Thanks, > > > > ===== > > Dave Cameron > > dfcameron@yahoo.com > > > > __________________________________________________ > > Do You Yahoo!? > > Get personalized email addresses from Yahoo! Mail > > http://personal.mail.yahoo.com/ > > > > > ===== > 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, 8 Jul 2001 16:16:58 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] MTH and ACF This is a multi-part message in MIME format. - ------=_NextPart_000_009E_01C107C9.69678F20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I'm sitting on ACF also, if vol is up I'll go at 55.12. MTH chart = doesn't look ripe yet. Base forming, left side high 53.75, last 45.65, = IMO. DanF ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Sunday, July 08, 2001 1:42 PM Subject: [CANSLIM] MTH and ACF I'm sitting here ready to buy MTH and ACF...... any advice on going = long Monday versus waiting for a further move? I've got a terrible itch = to buy. Thanks, Gene P.S. Tom, thanks for all of your hard work...... and the constant = reminders to stay focused. You're helping me learn about CANSLIM and the = power of discipline.=20 - ------=_NextPart_000_009E_01C107C9.69678F20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I'm sitting on ACF also, if vol is up I'll go at = 55.12. MTH=20 chart doesn't look ripe yet. Base forming, left side high 53.75, last = 45.65,=20 IMO.
 
DanF
----- Original Message -----
From:=20 Gene = Ricci
Sent: Sunday, July 08, 2001 = 1:42 PM
Subject: [CANSLIM] MTH and = ACF

I'm sitting here ready to buy MTH and ACF...... = any=20 advice on going long Monday versus waiting for a further move? = I've got a=20 terrible itch to buy.
 
Thanks,
Gene
 
P.S. Tom, thanks for all of your hard = work...... and the=20 constant reminders to stay focused. You're helping me learn about = CANSLIM and=20 the power of=20 discipline. 
- ------=_NextPart_000_009E_01C107C9.69678F20-- - - - -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, 8 Jul 2001 16:18:44 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] IGT Feel the power Tom ;-) DanF - ----- Original Message ----- From: "Tom Worley" To: Sent: Sunday, July 08, 2001 1:44 PM Subject: Re: [CANSLIM] IGT > Since I was not able to provide this info earlier in one of my > discussion dominating, group takeover posts, I will complete my > earlier comment. > > Earnings Whisper shows a consensus earnings of 70 cents, with a > whisper at 72 cents. > > The news from Harrah's would suggest that future growth will be > more difficult. I have seen other comments that gambling has > slowed as the market went lower in the past months. > > Tom Worley > stkguru@netside.net > AIM: TexWorley > > ----- Original Message ----- > From: Dave Cameron > To: > Sent: Sunday, July 08, 2001 11:32 AM > Subject: Re: [CANSLIM] IGT > > > Harrah's (the elephant in this sector) reported an earnings > warning - > dropped 17% on Friday - took the rest of the sector with it to a > lesser degree. > > --- david wrote: > > Fell 6% on Friday on over 2X ADV. > > > > Couldn't find any news. Maybe just M. > > > > In the past, it usually bounces off the 50 DMA and on Friday, > it > > pierced it. > > It has not hit my stop yet, but the high volume makes me > nervous. I > > guess I > > could wait to see if it rebounds, but would like to hear your > > comments, > > thanks > > > > DSP > > > > > > - > > -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!? > 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. > - - - -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, 8 Jul 2001 17:36:43 EDT From: Jwpowers1@aol.com Subject: [CANSLIM] OT: Tom re:Ally - --part1_f4.c536070.287a2c6b_boundary Content-Type: text/plain; charset="ISO-8859-1" Content-Transfer-Encoding: quoted-printable Tom, You said: I agree with Tom that an investor who is going to play in=20 this market cannot afford to overlook low priced stocks. =20 **I'd rather buy a mutual fund or sit in cash until times change.*** =A0 Clearly, the long term relative strength in the markets since early April ha= s=20 been in the small caps.=A0 * **Mid caps all last year*** **Small caps aren't necessarily low priced.*** If a person ignores this category of stock, you will miss out on many huge=20 winners like ALLY, which is featured in Monday's IBD and was finally=20 mentioned on CNBC last week.=A0=20 ***This news is virtually the "kiss of death" as you note below. If it's no= t=20 over now, watch for the"blowoff top coming". Professional short sellers are=20 licking their chops in anticipation. Some of them read IBD every morning an= d=20 make up their watch lists for after the IBD surge. Also last month's volume=20 surged, I doubt it was the smart money buying in.*** In addition, the chart looks like big distribution on 6/26 and 6/27 - just a= =20 guess. Correcion way overdue. HET news may be the catalyst. Ally Intr= aday =A0 One year ago, it was a $2.50 stock, and it closed Friday at $38.26, over a=20 1600% increase for the year.=A0 It came up on our radar screens around $12 i= n a=20 strong leisure-gaming group.=A0 Finally, the media is taking notice.=A0 ALLY= =20 probably has some gas left in the tank, but the publicity comes after the=20 huge run up, and at a point when the market is facing a potential melt down.= =A0 Buying at $12 and 100,000 ADV would be ok after it more than doubled. This=20 would fit my CANSLIM game.=20 =A0 I believe the key is the group, and if it breaks down, ALLY will probably go= =20 with it.=A0 The story in IBD should give it a boost, but watch the quality o= f=20 the trading.=A0 It is still a leader in the group, but it moved up Thursday=20= on=20 light volume, then sold off Friday on heavier volume.=A0 I am out of ALLY no= w,=20 but if the group holds up, and if it bounces, I will considering getting bac= k=20 into it.=A0=20 =A0 I am trying to reinforce Tom's point that if you find a stocks with all the=20 right credentials, you should consider getting in early.=A0 If you do, scale= =20 in; buy a small quantity then add to your position as the stocks heads=20 higher.=A0 Know your stop, and pull the trigger if your trade goes against y= ou. ***I'm really not interested or even looking at anything under $12 or tradin= g=20 less than $1,000,000+ a day" . I can meet my goals sticking with more liqui= d=20 stocks.****There are 10,000 or so stocks out there. There are many ways to=20 buy and sell, if they work for someone fine, that's great. But I'm only=20 interested in sticking with higher valued stocks.=20 =A0 Joe - --part1_f4.c536070.287a2c6b_boundary Content-Type: text/html; charset="ISO-8859-1" Content-Transfer-Encoding: quoted-printable Tom, You said:  I agree with Tom that an i= nvestor who is going to play in=20
this market cannot afford to overlook low priced stocks.  
**I'd rather buy a mutual fund or sit in cash until times change.***<= /FONT>
=A0
Clearly, the long term relative strength in the markets sinc= e early April has=20
been in the small caps.=A0 *
**Mid caps all last year***
**Small caps aren't necessarily low priced.***

If a person ignores this category of stock, you will miss out on many hu= ge=20
winners like ALLY, which is featured in Monday's IBD and was finally=20
mentioned on CNBC last week.=A0=20
***This news is virtually the "kiss of death" as you note below. &nbs= p;If it's not=20
over now, watch for the"blowoff top coming". Professional short sellers=20= are=20
licking their chops in anticipation.  Some of them read IBD every m= orning and=20
make up their watch lists for after the IBD surge. Also last month's vol= ume=20
surged, I doubt it was the smart money buying in.***

In addition, the chart looks like big distribution on 6/26 and 6/27 - ju= st a=20
guess. Correcion way overdue.  HET news may be the catalyst. = Ally Intraday
=A0
One year ago, it was a $2.50 stock, and it closed Friday at=20= $38.26, over a=20
1600% increase for the year.=A0 It came up on our radar screens around $= 12 in a=20
strong leisure-gaming group.=A0 Finally, the media is taking notice.=A0=20= ALLY=20
probably has some gas left in the tank, but the publicity comes after th= e=20
huge run up, and at a point when the market is facing a potential melt d= own.=A0

Buying at $12 and 100,000 ADV would be ok after it more than doubled.=  This=20
would fit my CANSLIM game.
=A0
I believe the key is the group, and if it breaks down, ALLY=20= will probably go=20
with it.=A0 The story in IBD should give it a boost, but watch the quali= ty of=20
the trading.=A0 It is still a leader in the group, but it moved up Thurs= day on=20
light volume, then sold off Friday on heavier volume.=A0 I am out of ALL= Y now,=20
but if the group holds up, and if it bounces, I will considering getting= back=20
into it.=A0
=A0
I am trying to reinforce Tom's point that if you find a stoc= ks with all the=20
right credentials, you should consider getting in early.=A0 If you do, s= cale=20
in; buy a small quantity then add to your position as the stocks heads=20
higher.=A0 Know your stop, and pull the trigger if your trade goes again= st you.

***I'm really not interested or even looking at anything under $12 or= trading=20
less than $1,000,000+ a day" .  I can meet my goals sticking with m= ore liquid=20
stocks.****There are 10,000 or so stocks out there.  There are many= ways to=20
buy and sell, if they work for someone fine, that's great.  But I'm= only=20
interested in sticking with higher valued stocks.
=A0
J= oe
- --part1_f4.c536070.287a2c6b_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: Sun, 8 Jul 2001 17:22:07 -0500 From: "Norman" Subject: [CANSLIM] NEOG 92 95 AAB The IBD group, Medical-Biomed/Genetics seems to be moving up. This week at 32, last week 105, 3 months ago 181. 258 stocks in the group. ADV is low at about 24K. Very good action on Thurs and Fri ending each day near the intraday high, and now sits just below a significant resistance level of $15. I don't know what kind of chart patteen to call it but 15 looks to be a pivot of some type. It may build a handle here or the last 10 weeks could be viewed as the handle on a 3/7-5/1 cup. Any thoughts? I have not delved deeply into the fundies or news yet. Norman - - - -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, 8 Jul 2001 19:55:47 EDT From: Vanchee1@aol.com Subject: [CANSLIM] Oil Drillers - --part1_68.1123e082.287a4d03_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Oil stocks seemed to have come down much more than the price of crude, now with oil starting back up it just might be a good time to nibble on some drillers. Any thoughts? Chris. - --part1_68.1123e082.287a4d03_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Oil stocks seemed to have come down much more than the price of crude, now
with oil starting back up it just might be a good time to nibble on some
drillers. Any thoughts?

Chris. - --part1_68.1123e082.287a4d03_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: Sun, 08 Jul 2001 19:02:57 -0600 From: esetser Subject: Re: [CANSLIM] DG versus PQ+ and IRL At 11:45 PM 7/6/01 -0600, you wrote: >I don't know that a variation of RS is very critical. If one service >assigns a stock an RS of 85 and another of 95, you are still looking >at an underlying chart pattern, and looking for a breakout from >some recognizable base. Does the fact that it's RS varies make a >difference in whether or not you are going to buy that stock on a >breakout? > Yes, absolutely. I use minimums for EPS and RPS below which I don't consider a stock at all. Right now I'm using 75/75. If services differ even a few points, it makes my watch list a different list of stocks. I'm not sure I agree that IBD's Smart Select ratings are the only way to go. I do think they have been developed and tested with CANSLIM specifically. I would think other sources of data have differences that would make some differences. Hopefully, review of other numbers and the charts would knock out any bad apples. However, I screen down to a hundred to a hundred-fifty stocks before I look at charts, so the numbers really matter. >Maybe I'm missing something too.... > >On 6 Jul 01, at 23:12, Tom Worley wrote: > >> Jay, over the years, a lot of people have tried to imitate, or >> back engineer, the proprietary formulas that WON developed over >> the past 4+ decades. Yes, CANSLIM is the seven letters you >> mention. But it is far more than that, it is the numerical or >> letter ratings of those letters. And that comes from formulas >> developed by Wm O'Neil. If you think that RS is the same anywhere, >> or every site has the same ADV, or GRS, or EPS, then you have a >> lot to learn. >> >> Tom Worley >> stkguru@netside.net >> AIM: TexWorley >> >> ----- Original Message ----- >> From: Jay Oken >> To: canslim@lists.xmission.com >> Sent: Friday, July 06, 2001 8:37 PM >> Subject: Re: [CANSLIM] DG versus PQ+ and IRL >> >> >> Tom, >> >> As I understand it, CANSLIM is as follows: >> >> C - Current earnings growth >> A - Annual earnings growth >> N - New product, new management, new highs >> S - Supply & demand >> L - Leader or Laggard >> I - Institutional sponsorship >> M - Market >> >> To which one of these items has WON developed the only valid data? Earnings growth? Supply and demand? Market direction? WON states that CANSLIM works because most great winning stocks have these features. Where you obtain the data, and how you interpret it, is obviously a point of >discussion. > > > > >- >-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 #1558 ****************************** 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.