From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1733 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 Monday, October 15 2001 Volume 02 : Number 1733 In this issue: Re: [CANSLIM] Has anyone else gotten this on ibd.com? Re: [CANSLIM] Fw: Has anyone else gotten this on ibd.com? Re: [CANSLIM] Has anyone else gotten this on ibd.com? [CANSLIM] I am new here and would like to say hello to everybody ... Re: [CANSLIM] I am new here and would like to say hello to everybody ... Re: [CANSLIM] Sort of Non-Canslim:Some low priced stocks (under 5 bucks) with canslim characteristics Re: [CANSLIM] Has anyone else gotten this on ibd.com? Re: [CANSLIM] Has anyone else gotten this on ibd.com? [CANSLIM] Market Direction Re: [CANSLIM] Market Direction ---------------------------------------------------------------------- Date: Sun, 14 Oct 2001 20:12:06 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] Has anyone else gotten this on ibd.com? So you've been busy! (g) - -Bill - ----- Original Message ----- From: "Ann" To: "CANSLIM Listserv" Sent: Sunday, October 14, 2001 7:25 PM Subject: [CANSLIM] Has anyone else gotten this on ibd.com? > > > > Investors.com Members may view up to 300 Stock Checkups within a 24 hour > period. Your limit has been reached. > > Your Stock Checkup access will be reset beginning at 12 A.M. Pacific time > tomorrow. > We hope this does not cause any inconvenience. IBD Stock Checkup is an > exclusive product available only to Investor's Business Daily print > subscribers. > IBD subscribers also have exclusive access to IBD Charts, Screen Of The Day > and My Stock List. > > For further information on Stock Checkup quantity limitations, please refer > to the Terms and Conditions of Use > > > > > - > -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, 14 Oct 2001 23:15:40 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Fw: Has anyone else gotten this on ibd.com? This is a multi-part message in MIME format. - ------=_NextPart_000_0043_01C15506.23E41740 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Looks like you gotta pace yourself, Ann What a rip-off, and I thought DGO was tough!=20 Does IBD also restrict how fast you read the paper, or how quickly you = turn the pages?? Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Ann=20 To: CANSLIM Listserv=20 Sent: Sunday, October 14, 2001 10:31 PM Subject: [CANSLIM] Fw: Has anyone else gotten this on ibd.com? SUBSCRIBER USE LIMITATIONS Subscriber's use of the Stock Checkup(TM) feature is limited to 300 = views and/or retrievals in each 24-hour period. Subscriber's use of the IBD Chart(TM); feature is limited to 1000 views and/or retrievals per = 24-hour period. Subscribers may not participate in coordinated efforts or = group activities with other Subscribers in order to exceed this use = limitation. Failure to comply with these limitations will result in cessation of = access and use privileges and may result in legal actions taken against the offending individuals and organizations at the discretion of IBD ----- Original Message ----- From: "Ann" To: "CANSLIM Listserv" Sent: Sunday, October 14, 2001 10:25 PM Subject: Has anyone else gotten this on ibd.com? : : : : Investors.com Members may view up to 300 Stock Checkups within a 24 = hour : period. Your limit has been reached. : : Your Stock Checkup access will be reset beginning at 12 A.M. Pacific = time : tomorrow. : We hope this does not cause any inconvenience. IBD Stock Checkup is = an : exclusive product available only to Investor's Business Daily print : subscribers. : IBD subscribers also have exclusive access to IBD Charts, Screen Of = The Day : and My Stock List. : : For further information on Stock Checkup quantity limitations, = please refer : to the Terms and Conditions of Use : : : - -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_0043_01C15506.23E41740 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Looks like you gotta pace yourself, Ann
 
What a rip-off, and I thought DGO was tough! =
 
Does IBD also restrict how fast you read the paper, = or how=20 quickly you turn the pages??
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Ann=20
To: CANSLIM Listserv
Sent: Sunday, October 14, 2001 = 10:31=20 PM
Subject: [CANSLIM] Fw: Has = anyone else=20 gotten this on ibd.com?

SUBSCRIBER USE LIMITATIONS
Subscriber's use of the = Stock=20 Checkup(TM) feature is limited to 300 views
and/or retrievals in = each=20 24-hour period. Subscriber's use of the IBD
Chart(TM); feature is = limited=20 to 1000 views and/or retrievals per 24-hour
period. Subscribers may = not=20 participate in coordinated efforts or group
activities with other=20 Subscribers in order to exceed this use limitation.
Failure to = comply with=20 these limitations will result in cessation of access
and use = privileges and=20 may result in legal actions taken against the
offending individuals = and=20 organizations at the discretion of IBD


----- Original = Message=20 -----
From: "Ann" <annholly@mediaone.net>
To= :=20 "CANSLIM Listserv" <canslim@lists.xmission.com= >
Sent:=20 Sunday, October 14, 2001 10:25 PM
Subject: Has anyone else gotten = this on=20 ibd.com?


:
:
:
: Investors.com Members may view up = to 300=20 Stock Checkups within a 24 hour
: period. Your limit has been=20 reached.
:
: Your Stock Checkup access will be reset beginning = at 12=20 A.M. Pacific time
: tomorrow.
: We hope this does not cause any=20 inconvenience. IBD Stock Checkup is an
: exclusive product = available only=20 to Investor's Business Daily print
: subscribers.
: IBD = subscribers also=20 have exclusive access to IBD Charts, Screen Of The
Day
: and My = Stock=20 List.
:
: For further information on Stock Checkup quantity = limitations,=20 please
refer
: to the Terms and Conditions of=20 Use
:
:
:


-
-To 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_0043_01C15506.23E41740-- - - - -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, 14 Oct 2001 21:33:40 -0600 From: esetser Subject: Re: [CANSLIM] Has anyone else gotten this on ibd.com? Wow, you looked at more than 300 stocks in one day? Now that's dedication!! At 10:25 PM 10/14/01 -0400, you wrote: > > > >Investors.com Members may view up to 300 Stock Checkups within a 24 hour >period. Your limit has been reached. > >Your Stock Checkup access will be reset beginning at 12 A.M. Pacific time >tomorrow. >We hope this does not cause any inconvenience. IBD Stock Checkup is an >exclusive product available only to Investor's Business Daily print >subscribers. >IBD subscribers also have exclusive access to IBD Charts, Screen Of The Day >and My Stock List. > >For further information on Stock Checkup quantity limitations, please refer >to the Terms and Conditions of Use > > > > >- >-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: Mon, 15 Oct 2001 12:44:33 +0200 From: Andreas Himmelreich Subject: [CANSLIM] I am new here and would like to say hello to everybody ... Hi, I am new here and would like to say hello to everybody. My Name is Andreas Himmelreich, I live in Germany. I used to work for SAP and Siebel, but decided to cash in and to live as a trader (investor). So far I think this was one of the best decisions I ever made, but time will tell. I am in the market since 1996 and since some months ago I used strictly fundamentals. Came to know O' Neil and David Ryan from "Market Wizards" (J. Schwager). After reading the books from O' Neil I was hooked. I use three strategies: - - CANSLIM - - Turnaround: Its basically CANSLIM but I do not care about the Relative Strength (CHKP is such a turnaround story) but look for high momentum and only the best fundamentals. I only use this strategy in turnaround situations like now (or like in April, or in Fall 1998 etc.) - - Shorting Indices (whenever there is a bear market identified by O'Neil) I have subscribed to http://www.growthstockanalytics.com/ and Daily Graphs. If anyone needs a stock checkup, just send me an email to judgejimmy@web.de. Unfortunately I can not subscribe IDB, they do not send their stuff to Germany (yet!). My Holdings right now: FHRX (27) DFXI (22) CHKP (30) (not a Canslim stock actually, RS is not high enough ...) Some German Stocks, that would be no value for you ... Looking forward working with you together. Anyone around here, that is trading, investing for a living, e.g. full time? Thank you and best Regards Andreas Himmelreich Friedrich - Ebert - Strasse 141 (Street Adress) 34119 Kassel (ZIP and City) Germany Judgejimmy@web.de www.Andreashimmelreich.de (a free investor letter (in German language) for friends of mine ...) - - - -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: Mon, 15 Oct 2001 06:52:43 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] I am new here and would like to say hello to everybody ... This is a multi-part message in MIME format. - ------=_NextPart_000_000D_01C15545.FDEA9C40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Guten Tag, Andreas, Welcommen, this is a good place for CANSLIMers, although it has been a = little quiet lately. I work for a Miami, Florida branch of a German bank with Head Office in = Hamburg. I wish my Deutsche was as good as your English! Gru=DF, =20 Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Andreas Himmelreich=20 To: canslim@lists.xmission.com=20 Sent: Monday, October 15, 2001 6:44 AM Subject: [CANSLIM] I am new here and would like to say hello to = everybody ... Hi, I am new here and would like to say hello to everybody. My Name is Andreas Himmelreich, I live in Germany. I used to work for = SAP=20 and Siebel, but decided to cash in and to live as a trader (investor). So far I think this was one of the best decisions I ever made, but = time=20 will tell. I am in the market since 1996 and since some months ago I = used=20 strictly fundamentals. Came to know O' Neil and David Ryan from "Market Wizards" (J. = Schwager).=20 After reading the books from O' Neil I was hooked. I use three strategies: - CANSLIM - Turnaround: Its basically CANSLIM but I do not care about the = Relative=20 Strength (CHKP is such a turnaround story) but look for high momentum = and=20 only the best fundamentals. I only use this strategy in turnaround=20 situations like now (or like in April, or in Fall 1998 etc.) - Shorting Indices (whenever there is a bear market identified by = O'Neil) I have subscribed to http://www.growthstockanalytics.com/ and Daily = Graphs.=20 If anyone needs a stock checkup, just send me an email to=20 judgejimmy@web.de. Unfortunately I can not subscribe IDB, they do not = send=20 their stuff to Germany (yet!). My Holdings right now: FHRX (27) DFXI (22) CHKP (30) (not a Canslim stock actually, RS is not high enough ...) Some German Stocks, that would be no value for you ... Looking forward working with you together. Anyone around here, that is trading, investing for a living, e.g. full = time? Thank you and best Regards Andreas Himmelreich Friedrich - Ebert - Strasse 141 (Street Adress) 34119 Kassel (ZIP and City) Germany Judgejimmy@web.de www.Andreashimmelreich.de (a free investor letter (in German language) = for=20 friends of mine ...) - -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_000D_01C15545.FDEA9C40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Guten Tag, Andreas,
 
Welcommen,  this is a good place for = CANSLIMers, although=20 it has been a little quiet lately.
 
I work for a Miami, Florida branch of a German bank = with Head=20 Office in Hamburg. I wish my Deutsche was as good as your = English!
 
Gru=DF,
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Andreas = Himmelreich
To: canslim@lists.xmission.com =
Sent: Monday, October 15, 2001 = 6:44=20 AM
Subject: [CANSLIM] I am new = here and=20 would like to say hello to everybody ...

Hi,

I am new here and would like to say hello to = everybody.

My Name is Andreas Himmelreich, I live in Germany. I = used to=20 work for SAP
and Siebel, but decided to cash in and to live as a = trader=20 (investor).
So far I think this was one of the best decisions I = ever made,=20 but time
will tell. I am in the market since 1996 and since some = months=20 ago I used
strictly fundamentals.

Came to know O' Neil and = David=20 Ryan from "Market Wizards" (J. Schwager).
After reading the books = from O'=20 Neil I was hooked.

I use three strategies:

- = CANSLIM
-=20 Turnaround: Its basically CANSLIM but I do not care about the Relative =
Strength (CHKP is such a turnaround story) but look for high = momentum and=20
only the best fundamentals. I only use this strategy in turnaround =
situations like now (or like in April, or in Fall 1998 etc.)
- = Shorting=20 Indices (whenever there is a bear market identified by = O'Neil)

I have=20 subscribed to http://www.growthstockanaly= tics.com/=20 and Daily Graphs.
If anyone needs a stock checkup, just send me an = email=20 to
judgejimmy@web.de. = Unfortunately=20 I can not subscribe IDB, they do not send
their stuff to Germany=20 (yet!).

My Holdings right now:

FHRX (27)
DFXI = (22)
CHKP=20 (30) (not a Canslim stock actually, RS is not high enough ...)
Some = German=20 Stocks, that would be no value for you ...

Looking forward = working with=20 you together.

Anyone around here, that is trading, investing = for a=20 living, e.g. full
time?

Thank you and best = Regards

Andreas=20 Himmelreich
Friedrich - Ebert - Strasse 141 (Street = Adress)
34119 Kassel=20 (ZIP and City)
Germany
Judgejimmy@web.de
www.Andreashimmelreich.de = (a free=20 investor letter (in German language) for
friends of mine=20 ...)


-
-To 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_000D_01C15545.FDEA9C40-- - - - -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: Mon, 15 Oct 2001 06:58:21 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Sort of Non-Canslim:Some low priced stocks (under 5 bucks) with canslim characteristics This is a multi-part message in MIME format. - ------=_NextPart_000_0016_01C15546.C7275580 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Doug, One of the many (and frequent) differences between low priced stocks and = their higher priced cousins is the lack of earnings forecasts on the low = priced ones. This means not only more work for the investor, but more = knowledge and effort. A second and very important difference is that most funds, even small = cap growth funds, will not buy low priced stocks. Their scans will = exclude them, so they won't even see them. I absolutely disagree that an investor should not bother with his or her = own due diligence. I do agree that those that fail to do this are = increasing the gambling aspects and decreasing the investment aspects. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: DougC=20 To: canslim@lists.xmission.com=20 Sent: Sunday, October 14, 2001 10:13 PM Subject: [CANSLIM] Sort of Non-Canslim:Some low priced stocks (under 5 = bucks) with canslim characteristics To the right of the low priced stock I put one (that I own) and that's = in=20 the same group, according to DGO, and is the leader of the group or = close=20 to it and higher priced. All these under 5 stocks have RS > 90, EPS > = 72,=20 A/D of A or B or C. Just something a little different yet darn close = to=20 CANSLIM. I may even pick up a few or all of them....but I in no way = shape=20 or form recommend them..but who cares. BRLI 3.65 MIMS 13.19 TBUS 2.50 GTNR 21.10 ESMC 2.55 POSS 12.99 ISWI 4.18 MGAM 20.90 Due diligence? Aw...just buy'em. We're all gambling to some degree = anyway... It will be interesting to see how the stocks compare to each other = over the=20 next few months. - ------=_NextPart_000_0016_01C15546.C7275580 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Doug,
 
One of the many (and frequent) differences between = low priced=20 stocks and their higher priced cousins is the lack of earnings forecasts = on the=20 low priced ones. This means not only more work for the investor, but = more=20 knowledge and effort.
 
A second and very important difference is that most = funds,=20 even small cap growth funds, will not buy low priced stocks. Their scans = will=20 exclude them, so they won't even see them.
 
I absolutely disagree that an investor should not = bother with=20 his or her own due diligence. I do agree that those that fail to do this = are=20 increasing the gambling aspects and decreasing the investment=20 aspects.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 DougC =
To: canslim@lists.xmission.com =
Sent: Sunday, October 14, 2001 = 10:13=20 PM
Subject: [CANSLIM] Sort of=20 Non-Canslim:Some low priced stocks (under 5 bucks) with canslim=20 characteristics

To the right of the low priced stock I put one (that I own) and = that's in=20
the same group, according to DGO, and is the leader of the group = or close=20
to it and higher priced. All these under 5 stocks have RS > 90, = EPS=20 > 72,
A/D of A or B or C. Just something a little different yet = darn=20 close to
CANSLIM. I may even pick up a few or all of them....but I = in no=20 way shape
or form recommend them..but who cares.

BRLI 3.65 = MIMS=20 13.19
TBUS 2.50 GTNR 21.10
ESMC 2.55 POSS 12.99
ISWI 4.18 = MGAM=20 20.90

Due diligence? Aw...just buy'em. We're all gambling to = some=20 degree anyway...

It will be interesting to see how the stocks = compare=20 to each other over the
next few months.

 
- ------=_NextPart_000_0016_01C15546.C7275580-- - - - -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: Mon, 15 Oct 2001 07:25:15 -0400 From: "Ann" Subject: Re: [CANSLIM] Has anyone else gotten this on ibd.com? I really don't think I looked at that many! - ----- Original Message ----- From: "Bill Triffet" To: Sent: Sunday, October 14, 2001 11:12 PM Subject: Re: [CANSLIM] Has anyone else gotten this on ibd.com? : So you've been busy! (g) : : -Bill : : : ----- Original Message ----- : From: "Ann" : To: "CANSLIM Listserv" : Sent: Sunday, October 14, 2001 7:25 PM : Subject: [CANSLIM] Has anyone else gotten this on ibd.com? : : : > : > : > : > Investors.com Members may view up to 300 Stock Checkups within a 24 hour : > period. Your limit has been reached. : > : > Your Stock Checkup access will be reset beginning at 12 A.M. Pacific time : > tomorrow. : > We hope this does not cause any inconvenience. IBD Stock Checkup is an : > exclusive product available only to Investor's Business Daily print : > subscribers. : > IBD subscribers also have exclusive access to IBD Charts, Screen Of The : Day : > and My Stock List. : > : > For further information on Stock Checkup quantity limitations, please : refer : > to the Terms and Conditions of Use : > : > : > : > : > - : > -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: Mon, 15 Oct 2001 07:25:50 -0400 From: "Ann" Subject: Re: [CANSLIM] Has anyone else gotten this on ibd.com? As I said before, I don't think I did!! - ----- Original Message ----- From: "esetser" To: Sent: Sunday, October 14, 2001 11:33 PM Subject: Re: [CANSLIM] Has anyone else gotten this on ibd.com? : Wow, you looked at more than 300 stocks in one day? Now that's dedication!! : : : At 10:25 PM 10/14/01 -0400, you wrote: : > : > : > : >Investors.com Members may view up to 300 Stock Checkups within a 24 hour : >period. Your limit has been reached. : > : >Your Stock Checkup access will be reset beginning at 12 A.M. Pacific time : >tomorrow. : >We hope this does not cause any inconvenience. IBD Stock Checkup is an : >exclusive product available only to Investor's Business Daily print : >subscribers. : >IBD subscribers also have exclusive access to IBD Charts, Screen Of The Day : >and My Stock List. : > : >For further information on Stock Checkup quantity limitations, please refer : >to the Terms and Conditions of Use : > : > : > : > : >- : >-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: Mon, 15 Oct 2001 07:57:47 -0400 From: "Edward McDonough" Subject: [CANSLIM] Market Direction This is a multi-part message in MIME format. - ------=_NextPart_000_0009_01C1554F.154E12A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Tom, Just back from a weekend boating near Anthrax Central. (Don't inhale as you read this.) What a magnificent weekend!! Tom, like you I'm having a wonderful year. In my earlier post I simply mentioned I believe the bear market rally was ending and we will retest. In the meantime, there's certainly money to be made on individ. stocks. I simply see our bubble culminating when mkt P/E's hit 15-17. Judging from the reaction I got from my simple post, I'm encouraged. I know Won minimizes P/E's for individ. stocks yet they can be quite useful when judging M. Besides M simply filled the post 9/11 GAP (largely an earnings week driven rally and window dressing rally). A better question is why do you think this follow through wil hold when all follow through days prior have failed for the past 1 1/2 years? (The answer doesn't matter, it's simply one's opinion. I could be wrong, you could be wrong. Nothing more, nothing less.) Remember, the trend is your friend!! Good Luck!! Opinion makes the world go round. Time to step to the pay window. Play to win!!! Hug the Bear. Call me crazy ED - ------=_NextPart_000_0009_01C1554F.154E12A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom,
 
Just=20 back from a weekend boating near Anthrax
Central. (Don't inhale as you read=20 this.)
What a=20 magnificent weekend!!
 
Tom,=20 like you I'm having a wonderful year. In my
earlier post I simply mentioned I believe the = bear
market=20 rally was ending  and we will retest. In the
meantime, there's certainly money to be made=20
on=20 individ. stocks. 
 
I=20 simply see our bubble culminating when mkt
P/E's=20 hit 15-17.  Judging from the reaction I got
from=20 my simple post, I'm encouraged. I know
Won=20 minimizes P/E's for individ. stocks yet
they=20 can be quite useful when judging M. 
 
Besides M simply filled the post 9/11=20 GAP
(largely an earnings week driven rally=20 and
window=20 dressing rally).
 
A=20 better question is why do you think this
follow=20 through wil hold when all follow through
days=20 prior have failed for the past 1 1/2 years?
(The=20 answer doesn't matter, it's simply one's
opinion. I could be wrong, you could be=20 wrong.
Nothing more, nothing = less.)
 
Remember, the trend is your=20 friend!!
Good=20 Luck!!
 
Opinion makes the world go = round.
 
Time=20 to step to the pay window.
 
Play=20 to win!!!
 
Hug=20 the Bear.
 
Call=20 me crazy
ED
 
 
 
 
 
 
 
 
 
- ------=_NextPart_000_0009_01C1554F.154E12A0-- - - - -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: Mon, 15 Oct 2001 08:22:06 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Market Direction This is a multi-part message in MIME format. - ------=_NextPart_000_0045_01C15552.7A44E820 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Ed, You are correct, none of us really knows what the next weeks, or next = months, may look like. Likewise, none of us "innocents" know what Osama = and the Taliban have planned for us (or haven't planned) for new = adventures. I am not convinced that the Anthrax outbreaks are anything = more than home grown American crazies. But time (and the FBI) will tell = on that issue as well. Over the prior two years, most follow through days were marked by a = single major index. Often, another major index was contradictory. In = some cases, a second major index followed thru within a day or so. In = some of those cases, the volume failed to pass ADV (even tho that is not = an absolute requirement, I prefer it).=20 We have now had three (if I haven't lost count) major follow thru days. = In each case, there were multiple major indexes confirming on the same = day. And in each case the volume well exceeded ADV. Add to that the = several trillion dollars of cash sitting on the sidelines waiting for an = excuse to get back in. Combine that with major short positions, some of = which are now being covered. And then there are some positive signs that = some of the tech stocks have bottomed, and are raising forecasts for Q4 = and 2002. Despite the horrific affect of the attacks on 9/11 on human = life, property, emotions, economy, etc., stock prices have mostly = recovered, consumer sentiment is improving, and retail sales were not as = bad as originally expected. We still wait on the Q3 GDP to get an = overall picture. I see a lot of value in the markets right now, whether you look at = small, medium or large cap stocks. The trailing PE on the S&P500 has = come down to the lowest it's been in several years, and is likely to = fall further for the next one or two months. But this kind of economic = slowdown, combined with massive layoffs, also means that corporations = get lean and mean, resulting in restoration of earnings growth that much = faster as the economy picks up (and I truly expect that). And as = earnings start picking up, they have easy year to year comparisons, to = further expand expectations. So, I am cautiously bullish, and have 15 buy orders and only one sell = order already entered for my VR fund for this morning. Over half of the = buy orders are market, contrary to the past few weeks when I used limit = orders almost exclusively. As for a retest, we may have already had it in September, caused in part = by the cowardly attacks. In other words, the April lows were retested, = and failed, and new lows achieved, but exasperated by a major event. = There is no guarantee that the Sept lows won't retest, but we are = heading into a period when the markets are traditionally strong, so I = find that unlikely given the strength of the recovery after the events = of 9/11. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Edward McDonough=20 To: canslim@lists.xmission.com=20 Sent: Monday, October 15, 2001 7:57 AM Subject: [CANSLIM] Market Direction Tom, =20 Just back from a weekend boating near Anthrax=20 Central. (Don't inhale as you read this.) What a magnificent weekend!! =20 Tom, like you I'm having a wonderful year. In my=20 earlier post I simply mentioned I believe the bear market rally was ending and we will retest. In the=20 meantime, there's certainly money to be made=20 on individ. stocks. =20 =20 I simply see our bubble culminating when mkt P/E's hit 15-17. Judging from the reaction I got from my simple post, I'm encouraged. I know=20 Won minimizes P/E's for individ. stocks yet they can be quite useful when judging M. =20 =20 Besides M simply filled the post 9/11 GAP (largely an earnings week driven rally and window dressing rally). =20 A better question is why do you think this follow through wil hold when all follow through days prior have failed for the past 1 1/2 years? (The answer doesn't matter, it's simply one's=20 opinion. I could be wrong, you could be wrong. Nothing more, nothing less.) =20 Remember, the trend is your friend!! Good Luck!! =20 Opinion makes the world go round. =20 Time to step to the pay window. =20 Play to win!!! =20 Hug the Bear. =20 Call me crazy=20 ED =20 =20 =20 =20 =20 =20 =20 =20 =20 - ------=_NextPart_000_0045_01C15552.7A44E820 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Ed,
 
You are correct, none of us really knows what the = next weeks,=20 or next months, may look like. Likewise, none of us "innocents" know = what Osama=20 and the Taliban have planned for us (or haven't planned) for new = adventures. I=20 am not convinced that the Anthrax outbreaks are anything more than home = grown=20 American crazies. But time (and the FBI) will tell on that issue as=20 well.
 
Over the prior two years, most follow through days = were marked=20 by a single major index. Often, another major index was contradictory. = In some=20 cases, a second major index followed thru within a day or so. In some of = those=20 cases, the volume failed to pass ADV (even tho that is not an absolute=20 requirement, I prefer it).
 
We have now had three (if I haven't lost count) = major follow=20 thru days. In each case, there were multiple major indexes confirming on = the=20 same day. And in each case the volume well exceeded ADV. Add to that the = several=20 trillion dollars of cash sitting on the sidelines waiting for an excuse = to get=20 back in. Combine that with major short positions, some of which are now = being=20 covered. And then there are some positive signs that some of the tech = stocks=20 have bottomed, and are raising forecasts for Q4 and 2002. Despite the = horrific=20 affect of the attacks on 9/11 on human life, property, emotions, = economy, etc.,=20 stock prices have mostly recovered, consumer sentiment is improving, and = retail=20 sales were not as bad as originally expected. We still wait on the Q3 = GDP to get=20 an overall picture.
 
I see a lot of value in the markets right now, = whether you=20 look at small, medium or large cap stocks. The trailing PE on the = S&P500 has=20 come down to the lowest it's been in several years, and is likely to = fall=20 further for the next one or two months. But this kind of economic = slowdown,=20 combined with massive layoffs, also means that corporations get lean and = mean,=20 resulting in restoration of earnings growth that much faster as the = economy=20 picks up (and I truly expect that). And as earnings start picking up, = they have=20 easy year to year comparisons, to further expand = expectations.
 
So, I am cautiously bullish, and have 15 buy orders = and only=20 one sell order already entered for my VR fund for this morning. Over = half of the=20 buy orders are market, contrary to the past few weeks when I used limit = orders=20 almost exclusively.
 
As for a retest, we may have already had it in = September,=20 caused in part by the cowardly attacks. In other words, the April lows = were=20 retested, and failed, and new lows achieved, but exasperated by a major = event.=20 There is no guarantee that the Sept lows won't retest, but we are = heading into a=20 period when the markets are traditionally strong, so I find that = unlikely given=20 the strength of the recovery after the events of 9/11.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Edward=20 McDonough
To: canslim@lists.xmission.com =
Sent: Monday, October 15, 2001 = 7:57=20 AM
Subject: [CANSLIM] Market = Direction

Tom,
 
Just=20 back from a weekend boating near Anthrax
Central. (Don't inhale as you read=20 this.)
What=20 a magnificent weekend!!
 
Tom,=20 like you I'm having a wonderful year. In my
earlier post I simply mentioned I believe = the=20 bear
market rally was ending  and we will = retest. In=20 the
meantime, there's certainly money to be = made=20
on=20 individ. stocks. 
 
I=20 simply see our bubble culminating when mkt
P/E's hit 15-17.  Judging from the = reaction I=20 got
from=20 my simple post, I'm encouraged. I know
Won=20 minimizes P/E's for individ. stocks yet
they=20 can be quite useful when judging M. 
 
Besides M simply filled the post 9/11=20 GAP
(largely an earnings week driven rally=20 and
window dressing rally).
 
A=20 better question is why do you think this
follow through wil hold when all follow=20 through
days=20 prior have failed for the past 1 1/2 years?
(The=20 answer doesn't matter, it's simply one's
opinion. I could be wrong, you could be=20 wrong.
Nothing more, nothing = less.)
 
Remember, the trend is your=20 friend!!
Good=20 Luck!!
 
Opinion makes the world go = round.
 
Time=20 to step to the pay window.
 
Play=20 to win!!!
 
Hug=20 the Bear.
 
Call=20 me crazy
ED
 
 
 
 
 
 
 
 
 
- ------=_NextPart_000_0045_01C15552.7A44E820-- - - - -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 #1733 ****************************** 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.