From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1638 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 Thursday, August 30 2001 Volume 02 : Number 1638 In this issue: Re: [CANSLIM] Current likes Re: [CANSLIM] Intro: James Bowman [CANSLIM] Validea.com Re: [CANSLIM] Current likes RE: [CANSLIM] Validea.com RE: [CANSLIM] Market Re: [CANSLIM] Validea.com Re: [CANSLIM] Intro: James Bowman Re: [CANSLIM] Validea.com Re: [CANSLIM] Current likes Re: [CANSLIM] Market RE: [CANSLIM] Market Re: [CANSLIM] Market ---------------------------------------------------------------------- Date: Wed, 29 Aug 2001 09:49:12 EDT From: Vanchee1@aol.com Subject: Re: [CANSLIM] Current likes - --part1_12c.3cd0dbf.28be4cd8_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Sorry, didn't get to finish. MME 98/83 MYL 89/85 JAKK 87/95 KDE 50/92 ALLY 80/99 As you can see not all are canslim, remember do your own research before investing, what one investor might like another might not. Chris. - --part1_12c.3cd0dbf.28be4cd8_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Sorry, didn't get to finish.

MME 98/83
MYL 89/85
JAKK 87/95
KDE 50/92
ALLY 80/99

As you can see not all are canslim, remember do your own research before
investing, what one investor might like another might not.

Chris. - --part1_12c.3cd0dbf.28be4cd8_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: Wed, 29 Aug 2001 07:55:06 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] Intro: James Bowman On 29 Aug 01, at 5:55, James Bowman wrote: > Tom, > > I was curious about whether the group members have > been sitting in cash waiting for the next bull or > buying some of the banks, builders, and medicals. I think most people are just sitting around in cash, although I think a couple have done ok buying lower priced stocks. I had enough experiences similar to yours in GMCR and decided to stay out until the market improved. - - - -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: Thu, 30 Aug 2001 01:00:08 +0800 From: Dennis Chia Subject: [CANSLIM] Validea.com Hi all, I have been using the Validea approach in screening CANSLIM Stocks under the Guru Analyst of "Momentum Investor WIlliam O'Neil" Would this be a good approach/ stock screener for CANSLIM candidates? Can anyone experienced care to comment? Thanks :) Web site is here -----> http://www.validea.com/ Regards, Dennis - - - -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: Wed, 29 Aug 2001 18:01:05 EDT From: CMencke@aol.com Subject: Re: [CANSLIM] Current likes - --part1_dc.b717243.28bec021_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hi, what's the story with Mid Atlantic Medical lately? I lost track of that stock several years ago. - --part1_dc.b717243.28bec021_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hi, what's the story with Mid Atlantic Medical lately? I lost track of that
stock several years ago. - --part1_dc.b717243.28bec021_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: Wed, 29 Aug 2001 17:51:50 -0500 From: "Hill, Ernie" Subject: RE: [CANSLIM] Validea.com Dennis I checked out a some stocks there in the past and found that some of their data was erroneous. E > -----Original Message----- > From: Dennis Chia [SMTP:hamstar@pacific.net.sg] > Sent: Wednesday, August 29, 2001 12:00 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Validea.com > > > Hi all, > > I have been using the Validea approach in screening > CANSLIM Stocks under the Guru Analyst of "Momentum > Investor WIlliam O'Neil" Would this be a good approach/ > stock screener for CANSLIM candidates? Can anyone > experienced care to comment? Thanks :) > > Web site is here -----> http://www.validea.com/ > > Regards, > Dennis > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - - - -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: Wed, 29 Aug 2001 17:20:40 -0700 (PDT) From: Dave Cameron Subject: RE: [CANSLIM] Market Not sure about the technical indicators, although I agree with Patrick and Ernie on their lack of strength - but I was catching up on some reading - and noticed a few things. First, despite all the rate cuts, the real fed-funds rate is still positive - and probably somewhere between 1.5% and 2.0%. Second, along with continually lowering rates, I would have expected the Fed to make many open market bond purchases. I haven't seen much here - anyone know something I don't? Third, the dollar is still close to a high, my international mutual fund is doing very poorly. I used to think this would help purely domestic companies - but seems to not work that way. Fourth, I can't figure out if there are any leaders. Guess we still haven't reached bottom.... Thoughts? ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Get email alerts & NEW webcam video instant messaging with Yahoo! Messenger http://im.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: Wed, 29 Aug 2001 21:20:46 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] Validea.com Dennis, it is a quick look at a canslim prospect. I have used it. Just be careful, all sites have been known to have errors. Tread carefully when investing your $$$$$$$$$ DanF - ----- Original Message ----- From: "Hill, Ernie" To: Sent: Wednesday, August 29, 2001 6:51 PM Subject: RE: [CANSLIM] Validea.com > Dennis I checked out a some stocks there in the past and found that some of > their data was erroneous. > > E > > > -----Original Message----- > > From: Dennis Chia [SMTP:hamstar@pacific.net.sg] > > Sent: Wednesday, August 29, 2001 12:00 PM > > To: canslim@lists.xmission.com > > Subject: [CANSLIM] Validea.com > > > > > > Hi all, > > > > I have been using the Validea approach in screening > > CANSLIM Stocks under the Guru Analyst of "Momentum > > Investor WIlliam O'Neil" Would this be a good approach/ > > stock screener for CANSLIM candidates? Can anyone > > experienced care to comment? Thanks :) > > > > Web site is here -----> http://www.validea.com/ > > > > Regards, > > Dennis > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > ****************************************************************** > This email and any files transmitted with it from the ElPaso > Corporation are confidential and intended solely for the > use of the individual or entity to whom they are addressed. > If you have received this email in error please notify the > sender. > ****************************************************************** > > - > -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: Wed, 29 Aug 2001 21:19:23 -0600 From: esetser Subject: Re: [CANSLIM] Intro: James Bowman I have one position left from some early summer (late June) purchases. It, DVA, was my last purchase and I have weathered some real volatility with it. At this point, I'm just watching the trend lines to set my sell points. Overall, I have a small gain on it. I haven't purchased anything else since. At 05:55 AM 8/29/01 -0700, you wrote: >Tom, > > I was curious about whether the group members have >been sitting in cash waiting for the next bull or >buying some of the banks, builders, and medicals. > > I tested the water by buying Green Mountain Coffee >(GMCR) on Aug. 23 at its pivot. It shot up 20% in 9 >days. Thinking I was king investor, I didn't take my >20 and it got slapped back down into its base in 2 >days. I sold out even. > > After that I told myself I would wait for the market >to turn around but who knows how long that will be. > >James > > >--- Tom Worley wrote: >> Hi James, >> >> Welcome to the group, it's being pretty quiet on >> CANSLIM stuff right now thanks to the really lousy >> "M", but it's a great place to share thoughts, ask >> questions, post your favorite picks for getting >> alternate opinions, etc. Generally a most mature >> and civil place to hold discussions on CANSLIM and >> how best to apply it to make money. >> >> FWIW, I have been using CANSLIM for well over a >> decade, and investing over 4 decades, and I have yet >> to find anyone that successfully applies all of the >> CS rules. I know I certainly break many of them, tho >> I try to keep my thoughts pure here. And at least be >> aware when I am violating a major rule. >> >> I consider this kind of "M" as the best laboratory >> to test your understanding and application of >> CANSLIM. On paper, of course. It's tough to make any >> money right now, can be done but takes a lot more >> effort, and risk to your capital. Best to trade on >> paper, check your decision making, and refine your >> skills and understanding. >> >> Good luck, and hoping for a confirmed bull for >> Christmas, >> >> Tom Worley >> stkguru@netside.net >> AIM: TexWorley >> >> ----- Original Message ----- >> From: James Bowman >> To: CANSLIM >> Sent: Tuesday, August 28, 2001 10:29 AM >> Subject: [CANSLIM] Intro: James Bowman >> >> >> Greetings, >> >> My name is James Bowman and I currently work as >> a >> Unix systems analyst for a company that does >> clinical >> trials for major drug companies. >> >> I have been investing since June of 1999. I was >> a >> complete neophyte with regard to the market and >> was >> introduced to investing by a co-worker when I >> started >> a new job. The first book I ever read on investing >> was >> WJO's book. I applied the principles and did some >> paper trading with success. I thought I had >> discovered >> a money making machine ( I had, but not quite as >> easy >> as I thought it would be). I thought, "Wow, how >> long >> has this been going on"? >> >> I opened a brokerage account and started >> investing. >> I initially had some small successes and some >> small >> failures (always cutting losses at 7%). In 2000 I >> had >> some larger successes and my share of failures >> (selling too soon, selling to late). I have been >> on >> the sidelines since April of 2000. Anyone can have >> success in a raging bull market and I am looking >> forward to proving to myself that I can >> consistently >> be successful when the new bull market starts. >> >> Being a technical person, I try to make up for >> my >> lack of experience by reading and re-reading >> everything I can get my hands on. I've read what >> is on >> WJO's recommended reading list plus mabey 15 or >> twenty >> other books. For this reason, I tend to be >> somewhat >> militant with respect to following ALL the CANSLIM >> guidelines. >> >> I look forward to contributing and learning from >> the >> group. >> >> >> __________________________________________________ >> Do You Yahoo!? >> Make international calls for as low as $.04/minute >> with Yahoo! Messenger >> http://phonecard.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. >> >> > > >__________________________________________________ >Do You Yahoo!? >Make international calls for as low as $.04/minute with Yahoo! Messenger >http://phonecard.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: Wed, 29 Aug 2001 21:27:21 -0600 From: esetser Subject: Re: [CANSLIM] Validea.com I used this for a while when I first started looking at CANSLIM. In the end, I was suspect of some of their numbers, and I didn't agree with some of their interpretations and their prioritization of data. It seems like their group data was very different from IBD, and go was some of their numbers. I didn't feel it was necessarily wrong, just not the approach I wanted to take. At 01:00 AM 8/30/01 +0800, you wrote: > >Hi all, > >I have been using the Validea approach in screening >CANSLIM Stocks under the Guru Analyst of "Momentum >Investor WIlliam O'Neil" Would this be a good approach/ >stock screener for CANSLIM candidates? Can anyone >experienced care to comment? Thanks :) > >Web site is here -----> http://www.validea.com/ > >Regards, >Dennis > > >- >-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: Thu, 30 Aug 2001 00:05:43 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Current likes This is a multi-part message in MIME format. - ------=_NextPart_000_004E_01C130E7.82E04900 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Chris, would you repost this, marking those that are not canslim, so I don't = have to waste my time on them? Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 29, 2001 9:49 AM Subject: Re: [CANSLIM] Current likes Sorry, didn't get to finish.=20 MME 98/83=20 MYL 89/85=20 JAKK 87/95=20 KDE 50/92=20 ALLY 80/99=20 As you can see not all are canslim, remember do your own research = before=20 investing, what one investor might like another might not.=20 Chris.=20 - ------=_NextPart_000_004E_01C130E7.82E04900 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Chris,
 
would you repost this, marking those that are not = canslim, so=20 I don't have to waste my time on them?
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Vanchee1@aol.com=20
To: canslim@lists.xmission.com =
Sent: Wednesday, August 29, = 2001 9:49=20 AM
Subject: Re: [CANSLIM] Current=20 likes

Sorry, = didn't get to=20 finish.

MME 98/83
MYL 89/85
JAKK 87/95
KDE 50/92 =
ALLY=20 80/99

As you can see not all are canslim, remember do your own = research before
investing, what one investor might like another = might not.=20

Chris. - ------=_NextPart_000_004E_01C130E7.82E04900-- - - - -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: Thu, 30 Aug 2001 00:37:20 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Market This is a multi-part message in MIME format. - ------=_NextPart_000_005D_01C130EB.EE1CD7C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Dave, On the current "real fed-funds rate" The federal funds rate, the central = bank's target for an overnight bank lending rate, now stands at 3.50 = percent, its lowest level since March 1994. The Fed also cut the = seldom-used discount rate to 3.0 percent from 3.25 percent. On the Feds buying back Treasuries, I also have not seen any in a while, = but quite a few of my net services have changed formats recently, so = that may be the cause. On the other hand, in the past week there were a = number of stories about having to once again dip into the Social = Security because the govt is taking in less than expected. Bush's tax = cuts are being blamed, along with the slowdown in the economy (well, = duh, who's making any real money on which they will have to pay capital = gains, or corporate profits taxes??). So with the surplus this year = (ends Sept) now apparently having disappeared, I suspect the Feds don't = have cash to retire any bonds. A strong dollar does not really help US domestic firms even when they = have little exposure to foreign markets for their products or services. = And it makes imports cheaper, so harder to compete without cutting = prices. But it does really hurt the global US firms. I am not sure there is such a thing as a "leader" in this kind of "M", = but look at GISX, XCAR, UCI, MDCI, and my favorite (cuz I own it) MDII. = All are small caps, but their industry group is "C" or better, and other = higher priced or larger companies may be ready to take charge in the = same groups. But I also agree, I am not convinced we have yet confirmed a bottom. May = still prove to be the April 4 and 5 lows, but that's still open to = debate. Meanwhile, I stick to my small caps, second day in a row I = soundly beat all the indexes. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Dave Cameron=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 29, 2001 8:20 PM Subject: RE: [CANSLIM] Market Not sure about the technical indicators, although I agree with Patrick and Ernie on their lack of strength - but I was catching up on some reading - and noticed a few things. First, despite all the rate cuts, the real fed-funds rate is still positive - and probably somewhere between 1.5% and 2.0%. =20 Second, along with continually lowering rates, I would have expected the Fed to make many open market bond purchases. I haven't seen much here - anyone know something I don't? Third, the dollar is still close to a high, my international mutual fund is doing very poorly. I used to think this would help purely domestic companies - but seems to not work that way. Fourth, I can't figure out if there are any leaders. Guess we still haven't reached bottom.... Thoughts? =3D=3D=3D=3D=3D Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Get email alerts & NEW webcam video instant messaging with Yahoo! = Messenger http://im.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. - ------=_NextPart_000_005D_01C130EB.EE1CD7C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Dave,
 
On the current "real fed-funds rate" The federal = funds rate,=20 the central bank's target for an overnight bank lending rate, now stands = at 3.50=20 percent, its lowest level since March 1994. The Fed also cut the = seldom-used=20 discount rate to 3.0 percent from 3.25 percent.
 
On the Feds buying back Treasuries, I also have not = seen any=20 in a while, but quite a few of my net services have changed formats = recently, so=20 that may be the cause. On the other hand, in the past week there were a = number=20 of stories about having to once again dip into the Social Security = because the=20 govt is taking in less than expected. Bush's tax cuts are being blamed, = along=20 with the slowdown in the economy (well, duh, who's making any real money = on=20 which they will have to pay capital gains, or corporate profits = taxes??). So=20 with the surplus this year (ends Sept) now apparently having = disappeared, I=20 suspect the Feds don't have cash to retire any bonds.
 
A strong dollar does not really help US domestic = firms even=20 when they have little exposure to foreign markets for their products or=20 services. And it makes imports cheaper, so harder to compete without = cutting=20 prices. But it does really hurt the global US firms.
 
I am not sure there is such a thing as a "leader" in = this kind=20 of "M", but look at GISX, XCAR, UCI, MDCI, and my favorite (cuz I own = it) MDII.=20 All are small caps, but their industry group is "C" or better, and other = higher=20 priced or larger companies may be ready to take charge in the same=20 groups.
 
But I also agree, I am not convinced we have yet = confirmed a=20 bottom. May still prove to be the April 4 and 5 lows, but that's still = open to=20 debate. Meanwhile, I stick to my small caps, second day in a row I = soundly beat=20 all the indexes.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Dave=20 Cameron
To: canslim@lists.xmission.com =
Sent: Wednesday, August 29, = 2001 8:20=20 PM
Subject: RE: [CANSLIM] = Market


Not sure about the technical indicators, although I = agree=20 with
Patrick and Ernie on their lack of strength - but I was = catching=20 up
on some reading - and noticed a few things.

First, = despite all=20 the rate cuts, the real fed-funds rate is still
positive - and = probably=20 somewhere between 1.5% and 2.0%.  

Second, along = with=20 continually lowering rates, I would have expected
the Fed to make = many open=20 market bond purchases.    I haven't seen
much here - = anyone=20 know something I don't?

Third, the dollar is still close to a = high, my=20 international mutual
fund is doing very poorly.    I = used to=20 think this would help purely
domestic companies - but seems to not = work=20 that way.

Fourth, I can't figure out if there are any=20 leaders.

Guess we still haven't reached=20 bottom....

Thoughts?

=3D=3D=3D=3D=3D
Dave = Cameron
dfcameron@yahoo.com

______= ____________________________________________
Do=20 You Yahoo!?
Get email alerts & NEW webcam video instant = messaging with=20 Yahoo! Messenger
http://im.yahoo.com

-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_005D_01C130EB.EE1CD7C0-- - - - -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: Thu, 30 Aug 2001 07:46:43 -0500 From: "Spence, Eric L." Subject: RE: [CANSLIM] Market This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C13151.D24E8DC0 Content-Type: text/plain; charset="iso-8859-1" Tom, GISX, XCAR, UCI, MDCI They have had pretty good run ups. What day did you find them? Before the break out or after the fact? Regards, Eric Spence - -----Original Message----- From: Tom Worley [mailto:stkguru@netside.net] Sent: Wednesday, August 29, 2001 11:37 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Market Hi Dave, On the current "real fed-funds rate" The federal funds rate, the central bank's target for an overnight bank lending rate, now stands at 3.50 percent, its lowest level since March 1994. The Fed also cut the seldom-used discount rate to 3.0 percent from 3.25 percent. On the Feds buying back Treasuries, I also have not seen any in a while, but quite a few of my net services have changed formats recently, so that may be the cause. On the other hand, in the past week there were a number of stories about having to once again dip into the Social Security because the govt is taking in less than expected. Bush's tax cuts are being blamed, along with the slowdown in the economy (well, duh, who's making any real money on which they will have to pay capital gains, or corporate profits taxes??). So with the surplus this year (ends Sept) now apparently having disappeared, I suspect the Feds don't have cash to retire any bonds. A strong dollar does not really help US domestic firms even when they have little exposure to foreign markets for their products or services. And it makes imports cheaper, so harder to compete without cutting prices. But it does really hurt the global US firms. I am not sure there is such a thing as a "leader" in this kind of "M", but look at GISX, XCAR, UCI, MDCI, and my favorite (cuz I own it) MDII. All are small caps, but their industry group is "C" or better, and other higher priced or larger companies may be ready to take charge in the same groups. But I also agree, I am not convinced we have yet confirmed a bottom. May still prove to be the April 4 and 5 lows, but that's still open to debate. Meanwhile, I stick to my small caps, second day in a row I soundly beat all the indexes. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: Dave Cameron To: canslim@lists.xmission.com Sent: Wednesday, August 29, 2001 8:20 PM Subject: RE: [CANSLIM] Market Not sure about the technical indicators, although I agree with Patrick and Ernie on their lack of strength - but I was catching up on some reading - and noticed a few things. First, despite all the rate cuts, the real fed-funds rate is still positive - and probably somewhere between 1.5% and 2.0%. Second, along with continually lowering rates, I would have expected the Fed to make many open market bond purchases. I haven't seen much here - anyone know something I don't? Third, the dollar is still close to a high, my international mutual fund is doing very poorly. I used to think this would help purely domestic companies - but seems to not work that way. Fourth, I can't figure out if there are any leaders. Guess we still haven't reached bottom.... Thoughts? ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Get email alerts & NEW webcam video instant messaging with Yahoo! Messenger http://im.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. - ----------------------------------------------------- Confidentiality Notice: This e-mail transmission may contain confidential or legally privileged information that is intended only for the individual or entity named in the e-mail address. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution, or reliance upon the contents of this e-mail is strictly prohibited. If you have received this e-mail transmission in error, please reply to the sender, so that we can arrange for proper delivery, and then please delete the message from your inbox. Thank you. - ------_=_NextPart_001_01C13151.D24E8DC0 Content-Type: text/html; charset="iso-8859-1"
Tom,
 
GISX, XCAR, UCI, MDCI
 
 
They have had pretty good run ups. What day did you find them? Before the break out or after the fact?
 
Regards,
 
Eric Spence
-----Original Message-----
From: Tom Worley [mailto:stkguru@netside.net]
Sent: Wednesday, August 29, 2001 11:37 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Market

Hi Dave,
 
On the current "real fed-funds rate" The federal funds rate, the central bank's target for an overnight bank lending rate, now stands at 3.50 percent, its lowest level since March 1994. The Fed also cut the seldom-used discount rate to 3.0 percent from 3.25 percent.
 
On the Feds buying back Treasuries, I also have not seen any in a while, but quite a few of my net services have changed formats recently, so that may be the cause. On the other hand, in the past week there were a number of stories about having to once again dip into the Social Security because the govt is taking in less than expected. Bush's tax cuts are being blamed, along with the slowdown in the economy (well, duh, who's making any real money on which they will have to pay capital gains, or corporate profits taxes??). So with the surplus this year (ends Sept) now apparently having disappeared, I suspect the Feds don't have cash to retire any bonds.
 
A strong dollar does not really help US domestic firms even when they have little exposure to foreign markets for their products or services. And it makes imports cheaper, so harder to compete without cutting prices. But it does really hurt the global US firms.
 
I am not sure there is such a thing as a "leader" in this kind of "M", but look at GISX, XCAR, UCI, MDCI, and my favorite (cuz I own it) MDII. All are small caps, but their industry group is "C" or better, and other higher priced or larger companies may be ready to take charge in the same groups.
 
But I also agree, I am not convinced we have yet confirmed a bottom. May still prove to be the April 4 and 5 lows, but that's still open to debate. Meanwhile, I stick to my small caps, second day in a row I soundly beat all the indexes.
 
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----
Sent: Wednesday, August 29, 2001 8:20 PM
Subject: RE: [CANSLIM] Market


Not sure about the technical indicators, although I agree with
Patrick and Ernie on their lack of strength - but I was catching up
on some reading - and noticed a few things.

First, despite all the rate cuts, the real fed-funds rate is still
positive - and probably somewhere between 1.5% and 2.0%.  

Second, along with continually lowering rates, I would have expected
the Fed to make many open market bond purchases.    I haven't seen
much here - anyone know something I don't?

Third, the dollar is still close to a high, my international mutual
fund is doing very poorly.    I used to think this would help purely
domestic companies - but seems to not work that way.

Fourth, I can't figure out if there are any leaders.

Guess we still haven't reached bottom....

Thoughts?

=====
Dave Cameron
dfcameron@yahoo.com

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 - ------_=_NextPart_001_01C13151.D24E8DC0-- - - - -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: Thu, 30 Aug 2001 06:01:05 -0700 (PDT) From: Dave Cameron Subject: Re: [CANSLIM] Market Tom, I am defining the "real fed-funds rate" as adjusted for inflation. Since I figure the inflation rate to be between 1.5 and 2.0% - the real fed-funds rate is between 1.5% and 2.0% by subtraction. Dave - --- Tom Worley wrote: > Hi Dave, > > On the current "real fed-funds rate" The federal funds rate, the > central bank's target for an overnight bank lending rate, now > stands at 3.50 percent, its lowest level since March 1994. The Fed > also cut the seldom-used discount rate to 3.0 percent from 3.25 > percent. > > On the Feds buying back Treasuries, I also have not seen any in a > while, but quite a few of my net services have changed formats > recently, so that may be the cause. On the other hand, in the past > week there were a number of stories about having to once again dip > into the Social Security because the govt is taking in less than > expected. Bush's tax cuts are being blamed, along with the slowdown > in the economy (well, duh, who's making any real money on which > they will have to pay capital gains, or corporate profits taxes??). > So with the surplus this year (ends Sept) now apparently having > disappeared, I suspect the Feds don't have cash to retire any > bonds. > > A strong dollar does not really help US domestic firms even when > they have little exposure to foreign markets for their products or > services. And it makes imports cheaper, so harder to compete > without cutting prices. But it does really hurt the global US > firms. > > I am not sure there is such a thing as a "leader" in this kind of > "M", but look at GISX, XCAR, UCI, MDCI, and my favorite (cuz I own > it) MDII. All are small caps, but their industry group is "C" or > better, and other higher priced or larger companies may be ready to > take charge in the same groups. > > But I also agree, I am not convinced we have yet confirmed a > bottom. May still prove to be the April 4 and 5 lows, but that's > still open to debate. Meanwhile, I stick to my small caps, second > day in a row I soundly beat all the indexes. > > Tom Worley > stkguru@netside.net > AIM: TexWorley > > ----- Original Message ----- > From: Dave Cameron > To: canslim@lists.xmission.com > Sent: Wednesday, August 29, 2001 8:20 PM > Subject: RE: [CANSLIM] Market > > > > Not sure about the technical indicators, although I agree with > Patrick and Ernie on their lack of strength - but I was catching > up > on some reading - and noticed a few things. > > First, despite all the rate cuts, the real fed-funds rate is > still > positive - and probably somewhere between 1.5% and 2.0%. > > Second, along with continually lowering rates, I would have > expected > the Fed to make many open market bond purchases. I haven't > seen > much here - anyone know something I don't? > > Third, the dollar is still close to a high, my international > mutual > fund is doing very poorly. I used to think this would help > purely > domestic companies - but seems to not work that way. > > Fourth, I can't figure out if there are any leaders. > > Guess we still haven't reached bottom.... > > Thoughts? > > ===== > Dave Cameron > dfcameron@yahoo.com > > __________________________________________________ > Do You Yahoo!? > Get email alerts & NEW webcam video instant messaging with Yahoo! > Messenger > http://im.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. > > ===== Dave Cameron dfcameron@yahoo.com __________________________________________________ Do You Yahoo!? Get email alerts & NEW webcam video instant messaging with Yahoo! Messenger http://im.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. ------------------------------ End of canslim-digest V2 #1638 ****************************** 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.