From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #161 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk X-No-Archive: yes canslim-digest Tuesday, March 24 1998 Volume 02 : Number 161 In this issue: Re: [CANSLIM] Fw: Will there be a combined price for DG online and the printedversion? [CANSLIM] Re: canslim-digest V2 #159 [CANSLIM] Pick of the Week (well... 2) RE: [CANSLIM] Fw: Will there be a combined price for DG online and the printedversion? Re: [CANSLIM] Pick of the Week (well... 2) [CANSLIM] World Markets [CANSLIM] Re: Drillers RE: [CANSLIM] ABF Re: [CANSLIM] Re: Drillers [CANSLIM] PGEX [CANSLIM] WAXS [CANSLIM] VSAT Re: [CANSLIM] Contacting list owner [CANSLIM] VTS and NSOL [CANSLIM] THRX and MTIC [CANSLIM] Re: membership list RE: [CANSLIM] THRX and MTIC Re: [CANSLIM] WAXS Re: [CANSLIM] PGEX Re: [CANSLIM] VSAT [CANSLIM] MSFT Re: [CANSLIM] Re: membership list Re: [CANSLIM] THRX and MTIC Re: [CANSLIM] MSFT [CANSLIM] Economic Calendar, week of March 23, 1998 Re: [CANSLIM] CANSLIM Work Hours Re: [CANSLIM] OBV/MF Comparison ---------------------------------------------------------------------- Date: Mon, 23 Mar 1998 22:29:06 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Fw: Will there be a combined price for DG online and the printedversion? The latest rates I have handy (from 8/15/97) for the printed version are $723 plus $156 shipping and handling. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Surindra Singh To: canslim@lists.xmission.com Date: Monday, March 23, 1998 10:23 PM Subject: RE: [CANSLIM] Fw: Will there be a combined price for DG online and the printedversion? >Peter: > >What is the cost of printed vertion? There must be weekly and some other >form of printed vertion I presume from DG's response. > >Surindra > >|-----Original Message----- >|From: owner-canslim@lists.xmission.com >|[mailto:owner-canslim@lists.xmission.com]On Behalf Of Peter Newell >|Sent: Monday, March 23, 1998 5:15 PM >|To: canslim@lists.xmission.com >|Subject: [CANSLIM] Fw: Will there be a combined price for DG online and >|the printedversion? >| >| >|FYI >|Peter Newell >|---------- >|> From: Customer Service >|> To: 'Peter Newell' >|> Subject: RE: Will there be a combined price for DG online and the >|printedversion? >|> Date: Sunday, March 22, 1998 2:46 PM >|> >|> Yes! >|> >|> Individauls who are getting both books on weekly basis will be offered a >|> $99/ year rate. All other the rate will be $299. Non printed product >|> subscribers will be charged $720/ year. At any time the printed product >|is >|> cancelled or it expires the rate will go up to $720/year. >|> >|> Thank you, >|> DG Online >|> >|> -----Original Message----- >|> From: Peter Newell [SMTP:pnewell@mci2000.com] >|> Sent: Saturday, March 21, 1998 4:36 PM >|> To: custserv@dailygraphs.com >|> Subject: Will there be a combined price for DG online and the printed >|> version? >|> >|> Thanks, >|> >|> Peter newell >| >|- >| > > >- > - - ------------------------------ Date: Tue, 24 Mar 1998 00:16:33 EST From: COOKRAYJ Subject: [CANSLIM] Re: canslim-digest V2 #159 please explain how i download and read this file. Once it is downloaded exactly how can I open it to read it. Thank you - - ------------------------------ Date: Mon, 23 Mar 1998 23:27:10 -0600 From: Dave Cameron Subject: [CANSLIM] Pick of the Week (well... 2) I've got 2 new stocks on my watch list: 1. USNA EPS 97 Rs 85 9% fund ownership Very near new high - but no breakout yet. 2. ASTX EPS 99 Rs 82 7% fund ownership Seems to be basing near new high as well. Dave Cameron - - ------------------------------ Date: Mon, 23 Mar 1998 22:57:48 -0800 From: Mike Lucero Subject: RE: [CANSLIM] Fw: Will there be a combined price for DG online and the printedversion? I'm currently getting both weekly books, which I only use for the historical record. Here are the current prices for the printed version. Weekly Bi-Weekly Monthly 4-wk trial NYSE or (Nasdaq/Amex) 519 375 231 29 both 879 669 426 43 Adding on DGO, here's the total price (including the price for DGO) one+DGO 818 ($299 DGO) 674 (299) 530 (299) both+DGO 978 (99) 968 (299) 725 (299) DGO only 720 720 720 I wonder if they will cripple it so that if you only get one of the printed books, you'll only get that book in DGO. Otherwise, it can be cheaper to get DGO with one of the books bi-weekly or monthly than with none at all. Mike On Monday, March 23, 1998 7:02 PM, Surindra Singh [SMTP:sjs7b@worldnet.att.net] wrote: > Peter: > > What is the cost of printed vertion? There must be weekly and some other > form of printed vertion I presume from DG's response. > > Surindra > > |-----Original Message----- > |From: owner-canslim@lists.xmission.com > |[mailto:owner-canslim@lists.xmission.com]On Behalf Of Peter Newell > |Sent: Monday, March 23, 1998 5:15 PM > |To: canslim@lists.xmission.com > |Subject: [CANSLIM] Fw: Will there be a combined price for DG online and > |the printedversion? > | > | > |FYI > |Peter Newell > |---------- > |> From: Customer Service > |> To: 'Peter Newell' > |> Subject: RE: Will there be a combined price for DG online and the > |printedversion? > |> Date: Sunday, March 22, 1998 2:46 PM > |> > |> Yes! > |> > |> Individauls who are getting both books on weekly basis will be offered a > |> $99/ year rate. All other the rate will be $299. Non printed product > |> subscribers will be charged $720/ year. At any time the printed product > |is > |> cancelled or it expires the rate will go up to $720/year. > |> > |> Thank you, > |> DG Online > |> > |> -----Original Message----- > |> From: Peter Newell [SMTP:pnewell@mci2000.com] > |> Sent: Saturday, March 21, 1998 4:36 PM > |> To: custserv@dailygraphs.com > |> Subject: Will there be a combined price for DG online and the printed > |> version? > |> > |> Thanks, > |> > |> Peter newell > | > |- > | > > > > - - ------------------------------ Date: Tue, 24 Mar 1998 07:44:37 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Pick of the Week (well... 2) US Naval Academy (oops, my military background showing) I mean USNA has strong mngmt ownership, and no insider selling showing. However, it's way out of top five in its group. ASTX added to my watch list, I like the way it is trading, as well as the CS elements. Looks like it should meet or beat full year estimates. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Dave Cameron To: canslim@lists.xmission.com Date: Tuesday, March 24, 1998 12:26 AM Subject: [CANSLIM] Pick of the Week (well... 2) >I've got 2 new stocks on my watch list: > >1. USNA EPS 97 Rs 85 9% fund ownership > Very near new high - but no breakout yet. > >2. ASTX EPS 99 Rs 82 7% fund ownership > Seems to be basing near new high as well. > >Dave Cameron > >- > - - ------------------------------ Date: Tue, 24 Mar 1998 07:56:22 -0500 From: "Tom Worley" Subject: [CANSLIM] World Markets It is looking increasingly like the Asian markets are becoming isolated. Today is a good case in point, while most of Asia was down, several by 1-2%, and Japan looking even more anemic (down another 1.56% to 16,606) - Europe is having an excellent day with all major markets up nicely. Only Greece, Turkey and Norway are down. Futures are also strong, esp so on NASDAQ, so looks like another good day for tech stocks at least. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ Date: Tue, 24 Mar 1998 09:17:36 EST From: DCSquires Subject: [CANSLIM] Re: Drillers Hi all, Has anyone looked at the huge gaps in the drillers yesterday. I think its likely these gaps will be filled by falling flags in the coming weeks. Any thoughts? DSquires - - ------------------------------ Date: Mon, 23 Mar 1998 23:16:13 -0800 From: Mike Lucero Subject: RE: [CANSLIM] ABF Damn. I sold it near the end of the day because it looked like it was going to close below 35.5, then it was pushed up in the last 10 minutes. Oh well, I'll have to see what it does tomorrow. Mike On Monday, March 23, 1998 5:44 PM, Tom Worley [SMTP:stkguru@netside.net] wrote: > I would agree, industry group related, stemming from an anticipation > of and the actuality of a reduction in crude oil production, and > expected higher prices for fuel. Take a look at their competitor, > FedEx (FDX) and you will see a very similiar chart. > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be interpreted as a recommendation of > any kind. I am a licensed (inactive) broker and an active investor. > All investors should do their own research prior to any investment, > especially one learned about on the Internet. Hopefully my comments > will better inform and educate all investors. > tom w > -----Original Message----- > From: Ting Hsu > To: canslim@xmission.com > Date: Monday, March 23, 1998 2:03 PM > Subject: [CANSLIM] ABF > > > >Over twice ADV and a 10% drop - does anyone know the scoop on this > stock? > >Is the run up over, or is this just a normal correction? It hasn't > hit my > >hard sell points, but I'm tempted to get out while I'm still slightly > ahead. > >-- > >T.Hsu // ting@shore.net // Consultant, Software Development & QA > > > >- > > > > > > - - ------------------------------ Date: Tue, 24 Mar 1998 15:50:52 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Re: Drillers On Tue, 24 Mar 1998 09:17:36 EST, you wrote: :Hi all, : :Has anyone looked at the huge gaps in the drillers yesterday. I think = its :likely these gaps will be filled by falling flags in the coming weeks. = Any :thoughts? : :DSquires : Much uncertainty in the oil sector short term as it remains to be seen how much of the proposed production cuts is hype. Heard it said that you can expect volatility, so your flags may be flappin'. Dan - - ------------------------------ Date: Tue, 24 Mar 1998 17:22:16 +0100 From: Johan Van Houtven Subject: [CANSLIM] PGEX After the almost breakout 2 trading days ago, PGEX is now breaking out for real (i.e. significant new high.) - --- Johan Van Houtven - - ------------------------------ Date: Tue, 24 Mar 1998 12:33:12 -0500 From: olafur.josefsson@analog.com (Oli Josefsson) Subject: [CANSLIM] WAXS One company that I have owned for a while is WAXS. It is getting close to breaking into new heights and bears watching. The base is a double bottom but with the more recent bottom not as low as the previous bottom which makes it less than perfect according to WON I believe. I welcome opinions on this company as a CANSLIM candidate. Thanks, Oli. - - ------------------------------ Date: Tue, 24 Mar 1998 12:55:10 -0600 From: "Joe Scott" Subject: [CANSLIM] VSAT This is a multi-part message in MIME format. - ------=_NextPart_000_0006_01BD5724.13F1E120 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Members, Might be one to watch, came up in a scan, looks to be doing something = today. VSAT don't know a thing, joe - ------=_NextPart_000_0006_01BD5724.13F1E120 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Members,
Might be one to watch, came up in a scan, = looks to be=20 doing something today.
VSAT
 
don't know a = thing,
joe
- ------=_NextPart_000_0006_01BD5724.13F1E120-- - - ------------------------------ Date: Tue, 24 Mar 1998 14:53:15 -0700 From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: Re: [CANSLIM] Contacting list owner Frank, I already received your private message, but for the benefit of others, I can also be reached at "canslim-owner@xmission.com". Regards, Jeff Salisbury - canslim list owner / admin On Mar 23, 7:17pm, Frank V. Wolynski wrote: > Subject: [CANSLIM] Mime-Version: 1.0 > Does anyone know how to get mail to Jeff Salisbury? The ListOwner. > > I received the below from my mail server when addressing a message > to him at the address provided in one of his routine messages. > > Thanks, > Frank Wolynski > - --------------------------------------------------- > > Subject: Returned mail: Host unknown (Name server: sd1.usu.edu: host not > found) > Auto-Submitted: auto-generated (failure) > > The original message was received at Mon, 23 Mar 1998 19:14:37 -0500 (EST) > from user-37kbvgf.dialup.mindspring.com [207.69.254.15] > > ----- The following addresses had permanent fatal errors ----- > > > > - - >-- End of excerpt from Frank V. Wolynski - - ------------------------------ Date: Tue, 24 Mar 1998 18:17:28 -0500 From: "Surindra Singh" Subject: [CANSLIM] VTS and NSOL This is a multi-part message in MIME format. - ------=_NextPart_000_0002_01BD5751.1BEE2000 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit I posted about VTS yesterday. Despite the 5% or so drop in drilling sector today, this stock is up by about 2.2% on heavy volume.RS up and 94 this morning and EPS rank 99. Float of 20.5M and P/E ratio (?important) 20. Funds/Banks 43% and management holding 20%. Any comments? NSOL, heavy volume, fractionally up today. RS 92, EPS rank 75. Float of 3.2 M. Funds 30% and management 0%. Internet stocks in general have been rising lately. Comments welcome. Surindra -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Joe Scott Sent: Tuesday, March 24, 1998 1:55 PM To: CANSLIM Subject: [CANSLIM] VSAT Members, Might be one to watch, came up in a scan, looks to be doing something today. VSAT don't know a thing, joe - ------=_NextPart_000_0002_01BD5751.1BEE2000 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I posted about VTS yesterday. Despite the 5% or so drop in = drilling=20 sector today, this stock is up by about 2.2% on heavy volume.RS up and = 94 this=20 morning and EPS rank 99. Float of 20.5M and P/E ratio (?important) 20.=20 Funds/Banks 43% and management holding 20%. Any = comments?
 
NSOL, heavy volume, fractionally up today. RS 92, EPS rank 75. = Float of=20 3.2 M. Funds 30% and management 0%. Internet stocks in general have been = rising=20 lately.
 
Comments welcome.
 
Surindra
-----Original=20 Message-----
From: owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Joe=20 Scott
Sent: Tuesday, March 24, 1998 1:55 PM
To:=20 CANSLIM
Subject: [CANSLIM] VSAT

Members,
Might be one to watch, came up in a scan, = looks to=20 be doing something today.
VSAT
 
don't know a=20 thing,
joe
- ------=_NextPart_000_0002_01BD5751.1BEE2000-- - - ------------------------------ Date: Tue, 24 Mar 1998 15:56:24 -0800 (PST) From: Anindo Majumdar Subject: [CANSLIM] THRX and MTIC Is this a buying opp for THRX or the beginning of a correction ? What do people think about MTIC ? Anindo - - ------------------------------ Date: Tue, 24 Mar 1998 17:28:35 -0700 From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] Re: membership list On Mar 24, 7:24pm, Tom Worley wrote: > Subject: Re: membership list > Thanks Jeff, would like to suggest you post the stats to the group. I > know I am impressed at the growth, while retaining such civility. > > tom w > > -----Original Message----- > > The canslim membership totals as of 11pm last night are: > > > > 231 canslim > > 596 canslim-digest > > 827 total > >-- End of excerpt from Tom Worley - - ------------------------------ Date: Tue, 24 Mar 1998 19:30:40 -0500 From: "Surindra Singh" Subject: RE: [CANSLIM] THRX and MTIC I will give my personal opinion, whatever it is worth. I will not consider buying THRX unless it is above 65 or so. I do not want to catch a falling knife. The chart and other canslim criteria of MTIC looks great and seems like a good buy. Surindra |-----Original Message----- |From: owner-canslim@lists.xmission.com |[mailto:owner-canslim@lists.xmission.com]On Behalf Of Anindo Majumdar |Sent: Tuesday, March 24, 1998 6:56 PM |To: canslim@lists.xmission.com |Subject: [CANSLIM] THRX and MTIC | | | Is this a buying opp for THRX or the beginning of a correction ? |What do people think about MTIC ? | |Anindo | | |- | - - ------------------------------ Date: Tue, 24 Mar 1998 19:44:17 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] WAXS RS of 41 would knock it off my list to consider. The gap down six weeks ago, leading to a 20% or so correction and halting a strong rally would also make me pause. In any case too extended for a fresh buy. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Oli Josefsson To: canslim@lists.xmission.com Date: Tuesday, March 24, 1998 12:32 PM Subject: [CANSLIM] WAXS >Content-Md5: fjrn+ujJFZjRn+nZ7lzZXg== >Sender: owner-canslim@lists.xmission.com >Precedence: bulk >Reply-To: canslim@lists.xmission.com >X-No-Archive: yes > > >One company that I have owned for a while is WAXS. >It is getting close to breaking into new heights and >bears watching. >The base is a double bottom but with the more recent >bottom not as low as the previous bottom which makes >it less than perfect according to WON I believe. >I welcome opinions on this company as a CANSLIM candidate. >Thanks, >Oli. > >- > - - ------------------------------ Date: Tue, 24 Mar 1998 19:45:17 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] PGEX Looks good for a hold, too extended for a new buy. Growth rate of 186% not sustainable, nor the PE of 83. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Johan Van Houtven To: canslim@lists.xmission.com Date: Tuesday, March 24, 1998 11:23 AM Subject: [CANSLIM] PGEX >After the almost breakout 2 trading days ago, PGEX is now breaking out for >real (i.e. significant new high.) > > > >--- Johan Van Houtven > > > >- > - - ------------------------------ Date: Tue, 24 Mar 1998 19:46:37 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] VSAT Behaving/looking like Q4 may be weak compared to year ago and historical comparisons. I also don't feel comfortable with the sharp earnings gains on nearly flat revenues. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Joe Scott To: CANSLIM Date: Tuesday, March 24, 1998 1:54 PM Subject: [CANSLIM] VSAT Members, Might be one to watch, came up in a scan, looks to be doing something today. VSAT don't know a thing, joe - - ------------------------------ Date: Tue, 24 Mar 1998 16:49:10 -0800 From: "Patrick Wahl" Subject: [CANSLIM] MSFT After the close today, Microsoft said they would have earnings ahead of estimates. I don't suppose I need to add that this ought to be very good for tech stocks tomorrow. Several of the leaders showed signs of coming to life today - Dell, CSCO, also COMS perked up a bit. PPD also spiked up through a fifty day moving average today on heavy volume - trader type people like this sort of thing. - - ------------------------------ Date: Tue, 24 Mar 1998 19:56:30 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Re: membership list Hard to believe that over 800 of us could converse with such politeness, courtesy and professionalism on a subject near and dear to our wallets. Nice going, group. I am impressed at how this group has grown in the past year and, while unmoderated, retained its character and maturity. I hope the rest of the net takes note. It can be done. It's truly a pleasure to be here. Thanks, Jeff, for providing this forum. Now, how about some of you lurkers becoming more active, now that you see how friendly this group is?? Don't forget, intros are just as welcome as new ideas, and questions. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Jeff Salisbury To: canslim@xmission.com Date: Tuesday, March 24, 1998 7:27 PM Subject: [CANSLIM] Re: membership list >On Mar 24, 7:24pm, Tom Worley wrote: >> Subject: Re: membership list >> Thanks Jeff, would like to suggest you post the stats to the group. I >> know I am impressed at the growth, while retaining such civility. >> >> tom w >> >> -----Original Message----- >> > The canslim membership totals as of 11pm last night are: >> > >> > 231 canslim >> > 596 canslim-digest >> > 827 total >> >>-- End of excerpt from Tom Worley > > > >- > - - ------------------------------ Date: Tue, 24 Mar 1998 19:49:58 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] THRX and MTIC THRX - it has had a nice run, but the forecasted earnings growth of +16% for 1998 well under the five year average, altho 1999 is for +75%. Full year forecast is for 80 cents, and latest qtr they did 22 cents, suggesting possibility of earnings slowing both on net and by comparison to year ago. MTIC - high on my list of stocks to own, altho a short base at this time. Today's vol 2X ADV, up another buck. Forecast for 1998 earnings up 186%, altho been some recent insider selling. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Anindo Majumdar To: canslim@lists.xmission.com Date: Tuesday, March 24, 1998 6:55 PM Subject: [CANSLIM] THRX and MTIC > Is this a buying opp for THRX or the beginning of a correction ? >What do people think about MTIC ? > >Anindo > > >- > - - ------------------------------ Date: Tue, 24 Mar 1998 20:03:12 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] MSFT However, balancing this out was the usual comments by MSFT that Q1 is likely to be their best qtr this year, revenue growth was more difficult, yada yada yada. Also offsetting this somewhat was COMS reporting 4 cents earnings compared to First Call's estimate of 14 cents, along with lower revenues, and comments about Asia and lower revenues in the future. I expect to see more of this kind of stuff as analysts have been ruthless in protecting their butts with sharp decreases in forecasts. And so far, I don't think the "Asian flu" has cut earnings to the degree expected as domestic demand has exceeded expectations. And with some of the price cuts, such as on PCs, demand has picked up further. Expectations have been substantially lowered, thus there may be some extra room for positive surprises now. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - -----Original Message----- From: Patrick Wahl To: canslim@lists.xmission.com Date: Tuesday, March 24, 1998 7:48 PM Subject: [CANSLIM] MSFT After the close today, Microsoft said they would have earnings ahead of estimates. I don't suppose I need to add that this ought to be very good for tech stocks tomorrow. Several of the leaders showed signs of coming to life today - Dell, CSCO, also COMS perked up a bit. PPD also spiked up through a fifty day moving average today on heavy volume - trader type people like this sort of thing. - - - - ------------------------------ Date: Tue, 24 Mar 1998 20:52:39 -0500 From: "Tom Worley" Subject: [CANSLIM] Economic Calendar, week of March 23, 1998 Nothing happening on Monday or Tuesday, hence my laziness in posting this. WEDNESDAY Durable Goods Orders, at least one of the biggest reports, if not the biggest this week, for Feb, last was up 1.6%, expected was no change, and latest revisions are for down -.3%. Bear in mind this is usually a volatile report, sharply affected by Transportation (mostly airplane) orders. Existing Home Sales, for Feb, last was 4.40 million annually, estimate for 4.44 million THURSDAY Real GDP, for Q4, final revision, last revision was to up 3.9%, and no change is expected. This data is now nearly three months old, and reflects little of the Asian flu, thus any variation is meaningless. Initial Jobless Claims, for week to 3/21, last was 306,000, estimate for 310,000 Money Supply (M2), for week to 3/16, last was plus $3.3 mil, estimate for plus $5.0 million FRIDAY Personal Income, for Feb, last was up 0.6%, estimate for up 0.7% Personal Consumption Expenditures (CPE), for Feb, last was up 0.4%, estimate for up 0.5% (moving in step with Personal Income). A positive or negative deviation from the estimate may suggest a change in domestic demand for consumer goods. Any statements or opinions are strictly my own and not that of my employer. My comments should not be interpreted as a recommendation of any kind. I am a licensed (inactive) broker and an active investor. All investors should do their own research prior to any investment, especially one learned about on the Internet. Hopefully my comments will better inform and educate all investors. tom w - - ------------------------------ Date: Tue, 24 Mar 1998 17:54:47 -0800 From: "John Iding" Subject: Re: [CANSLIM] CANSLIM Work Hours Nice post .... this issue has always been a concern of mine ... how much time does it take to really follow/pick canslim stocks and work the stops (manual on nasdaq mostly) .... I spend at least an hour a day ... and feel like I should have several hours to do justice to the 'art' ... I have dedicated a % of my investment portfolio to canslim and that is what I spend the hour on ... and it has been pretty good with a little help from Tom and Peter and others ... thanks ... John - - ------------------------------ Date: Tue, 24 Mar 1998 21:08:17 -0500 From: Connie Mack Rea Subject: Re: [CANSLIM] OBV/MF Comparison - --------------C0D0F64835FF232D7E1DF10D Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Evening Tom-- I've never run any math or visual checks on MF or OBV or MACD in the way you suggested. I have, however, made these presumptions: that any indicatators that are set to weekly and monthly time frames are lagging except when the last day of the week is tabulated and when the last day of the month is tabulated. Therefore, I rarely ever look at anything but daily and hourly/15-min/5-min charts except to draw 3/6/1-year trend lines. Is there any "absolute" value [like 1 or 2, etc.] to hang your hat one? I've never thought to search for one because, say, for MF, I wouldn't know if a half million or million had an effect on price. The numerical increments on the left are too gross. I just eyeball the short charts and draw trend lines on the long ones. Since I don't use either the MF of OBV as buy signals [the 3/7/10 EMAs do this], I am indifferent to the more gross numbers of MF/OBV. MACD does give what for some is a buy/sell signal when there is a crossover. I use the MACD only as a confirmation of my 3/7/10. If BigCharts allowed you to click on the OBV or MF for any day, you might be able to extract some "absolute" reading. However, most software programs do allow such a recall; perhaps therein lies the "absolute" or an acceptable "relative" answer. There is a serendipitous side to my thinking about your question. I was thinking to pull up a stock to run some checks on and thought I remembered a stock called PrePaid Legal because a friend of mine does some work for the company. I punched in PPL, thinking that that was the symbol. PPL is PP&L Resources. So I used it. What I found was that the stock fits my MF/OBV. It apparently doesn't have enough average volume to have shown up on my regular scan. But there it is. PPL is pretty nice looking stock. It does, of course, not have much price travel because it has a 7% dividend. It might fit into someone's IRA. And speaking of IRAs, the WSJ today had an article on trading the IRA on the first page of Section B or C. I have posted earlier that I do a lot of trading out of my IRA. Thanks for the mail, Tom. Sorry not to have been more precise. Connie Mack Tom Worley wrote: > Connie, when I look at an indicator like up/down volume and see a > numeric value for that ratio, I have a pretty good feel for the > absolute value (e.g. 1.0 doesn't impress me, while 2.0 I'm paying > attention, and 4.0 I am really examining the chart). Are there > similiar "absolute" values on things like OBV, MF, MACD, etc.?? > > Any statements or opinions are strictly my own and not that of my > employer. My comments should not be interpreted as a recommendation of > > any kind. I am a licensed (inactive) broker and an active investor. > All investors should do their own research prior to any investment, > especially one learned about on the Internet. Hopefully my comments > will better inform and educate all investors. > tom w > -----Original Message----- > From: Connie Mack Rea > To: canslim@lists.xmission.com > Date: Monday, March 23, 1998 9:16 AM > Subject: Re: [CANSLIM] OBV/MF Comparison > > >Morning Bill-- > > > >A1: No way to bring up more than one bottom-screen chart at a time. > >Have mentioned the point to BigCharts. > > > >A2: Suppose that "divergence" is a sort of mirror image of > >"convergence." There is an underlying presumption--a sort of > >protocol--that when an indicator is acting positively against the > price > >of a stock [or even another indicator] it is said to be diverging > >positively. > > > >This divergence is the denotation. The connotation is that the > rising > >of the indicator against the price implies that the price has a > pressure > >[like Boyle's law] to expand, and the expansion expected is upward. > > > > >Such an instance would be a chart in which the stock and the > indicator > >are both visually on an incline, say, as marked by a trend line. > What > >the chart reader has to decide is whether the MF or OBV is rising > >"faster" than the price. You might use a protractor to determine the > > >angle of inclination; however, you must be sure that you are somehow > >holding the perspective of each chart constant. > > > >Every chart reader knows how perspective can radically change, either > > >from the time period or from the size of chart increments > > - - --------------C0D0F64835FF232D7E1DF10D Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Evening Tom--

I've never run any  math or visual checks on MF or OBV or MACD in the way you suggested.  I have, however, made these presumptions: that any indicatators that are set to weekly and monthly time frames are lagging except when the last day of the week is tabulated and when the last day of the month is tabulated.  Therefore, I rarely ever look at anything but daily and hourly/15-min/5-min charts except to draw 3/6/1-year trend lines.

Is there any "absolute" value [like 1 or 2, etc.] to hang your hat one?  I've never thought to search for one because, say, for MF, I wouldn't know if a half million or million had an effect on price.  The numerical increments on the left are too gross.  I just eyeball the short charts and draw trend lines on the long ones.  Since I don't use either the MF of OBV as buy signals [the 3/7/10 EMAs do this], I am indifferent to the more gross numbers of MF/OBV.

MACD does give what for some is a buy/sell signal when there is a crossover.  I use the MACD only as a confirmation of my 3/7/10.

If BigCharts allowed you to click on the OBV or MF for any day, you might be able to extract some "absolute" reading.  However, most software programs do allow such a recall; perhaps therein lies the "absolute" or an acceptable "relative" answer.

There is a serendipitous side to my thinking about your question.  I was thinking to pull up a stock to run some checks on and thought I remembered a stock called PrePaid Legal because a friend of mine does some work for the company.  I punched in PPL, thinking that that was the symbol.  PPL is PP&L Resources.  So I used it.

What I found was that the stock fits my MF/OBV.  It apparently doesn't have enough average volume to have shown up on my regular scan.

But there it is.  PPL is pretty nice looking stock.  It does, of course, not have much price travel because it has a 7% dividend.  It might fit into someone's IRA.

And speaking of IRAs, the WSJ today had an article on trading the IRA on  the first page of Section B or C.

I have posted earlier that I do a lot of trading out of my IRA.

Thanks for the mail, Tom.  Sorry not to have been more precise.

Connie Mack
 
 
 

Tom Worley wrote:

Connie, when I look at an indicator like up/down volume and see a
numeric value for that ratio, I have a pretty good feel for the
absolute value (e.g. 1.0 doesn't impress me, while 2.0 I'm paying
attention, and 4.0 I am really examining the chart). Are there
similiar "absolute" values on things like OBV, MF, MACD, etc.??

Any statements or opinions are strictly my own and not that of my
employer. My comments should not be interpreted as a recommendation of
any kind. I am a licensed (inactive) broker and an active investor.
All investors should do their own research prior to any investment,
especially one learned about on the Internet. Hopefully my comments
will better inform and educate all investors.
tom w
-----Original Message-----
From: Connie Mack Rea <rea1998@gte.net>
To: canslim@lists.xmission.com <canslim@lists.xmission.com>
Date: Monday, March 23, 1998 9:16 AM
Subject: Re: [CANSLIM] OBV/MF Comparison

>Morning Bill--
>
>A1: No way to bring up more than one bottom-screen chart at a time.
>Have mentioned the point to BigCharts.
>
>A2:  Suppose that "divergence" is a sort of mirror image of
>"convergence."  There is an underlying presumption--a sort of
>protocol--that when an indicator is acting positively against the
price
>of a stock [or even another indicator] it is said to be diverging
>positively.
>
>This divergence is the denotation.  The connotation is that the
rising
>of the indicator against the price implies that the price has a
pressure
>[like Boyle's law] to expand, and the expansion expected is upward.
>

>Such an instance would be a chart in which the stock and the
indicator
>are both visually on an incline, say, as marked by a trend line.
What
>the chart reader has to decide is whether the MF or OBV is rising
>"faster" than the price.  You might use a protractor to determine the
>angle of inclination; however, you must be sure that you are somehow
>holding the perspective of each chart constant.
>
>Every chart reader knows how perspective can radically change, either
>from the time period or from the size of chart increments

-

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