From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1741 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 Wednesday, October 17 2001 Volume 02 : Number 1741 In this issue: [CANSLIM] Parallel Season [CANSLIM] Points Rambling [CANSLIM] Points Rambling, Oops, Sorry OT [CANSLIM] Failed BOs RE: [CANSLIM] Failed BOs RE: [CANSLIM] Failed BOs Re: [CANSLIM] Failed BOs Re: [CANSLIM] Failed BOs AW: [CANSLIM] Failed BOs Re: [CANSLIM] Failed BOs AW: [CANSLIM] Failed BOs Re: [CANSLIM] Failed BOs RE: [CANSLIM] Failed BOs RE: [CANSLIM] Failed BOs IBD's attitutude (was Re: [CANSLIM] Failed BOs) AW: [CANSLIM] Failed BOs Re: [CANSLIM] Failed BOs ---------------------------------------------------------------------- Date: Tue, 16 Oct 2001 19:44:41 -0600 From: esetser Subject: [CANSLIM] Parallel Season I also REALLY enjoy this. It is great to watch Montoya, Brack, or whoever wrestle with a corner that you've been struggling with yourself!! Hmm, Cleveland and Road America? - - - -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: Tue, 16 Oct 2001 20:03:22 -0600 From: esetser Subject: [CANSLIM] Points Rambling We haven't discussed the point system, so I thought I would throw out some observations and some opinions. First, observations on the main sactioning bodies point systems, and what they reward, with opinions mixed in. For my suggestion, see the bottom one. NASCAR - Points for 1st through last, 175/170/165/etc. - Delta drops to 4 points and then 3 points - Reward for win (1st over 2nd) 2.9% - Encourages showing up and not breaking - Opinion, not well-suited for online because it penalizes discos - Note that the last disco scores more points than the first disco!! CART - Points for 1st through 12th, 20/16/14/12/10/8/6/5/4/3/2/1 - Points scored for about 1/2 the field - Reward for win (1st over 2nd) 25% - Encourages winning first, and good finishes 2nd - Opinion, I really like this approach, no penalty for disco F1 - Points for 1st through 6th, 10/6/4/3/2/1 - Points scored for about 1/4 of the field - Reward for win (1st over 2nd) 67%!! - Encourages winning, winning, winning, podiums also okay - Opinion - A man's scoring system, but leaves no reason to race for the lower positions ASRL(old) - Points for 1st through last?, 41/38/36/34/32/.../2, 2 pt increments - Reward for win (1st over 2nd) 7.9% - Encourages showing up and not breaking - Opinion, not well-suited for online because it penalizes discos - Note that the last disco scores more points than the first disco!! Suggestion - I don't think we are buying anything by rewarding the last disco over the first disco. In fact, I would suggest it is not the best way to go. I would personally prefer something closer to CART, maybe adjusted for our race numbers. So, assuming about 18 starters per race, here is what I would suggest: ASRL Maybe- Points for 1st through 9th, 20/16/13/10/8/6/4/2/1 - Points scored for about 1/2 the field - Reward for win (1st over 2nd) 25% - Encourages winning first, and good finishes 2nd - Opinion, I really like this approach, no penalty for disco - Reward for finishing in 1st half of the field (which with disco's, isn't usually all that difficult) - - - -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: Tue, 16 Oct 2001 21:29:55 -0600 From: esetser Subject: [CANSLIM] Points Rambling, Oops, Sorry OT Hmm, I guess I should have put OT on this one, but if I had realized that, maybe I would have just corrected the address instead. Sorry and embarassed about that. >Date: Tue, 16 Oct 2001 20:03:22 -0600 >To: canslim xmission >From: esetser >Subject: Points Rambling > >We haven't discussed the point system, so I thought I would throw out some observations and some opinions. First, observations on the main sactioning bodies point systems, and what they reward, with opinions mixed in. For my suggestion, see the bottom one. > >NASCAR - Points for 1st through last, 175/170/165/etc. > - Delta drops to 4 points and then 3 points > - Reward for win (1st over 2nd) 2.9% > - Encourages showing up and not breaking > - Opinion, not well-suited for online because it penalizes discos > - Note that the last disco scores more points than the first disco!! > >CART - Points for 1st through 12th, 20/16/14/12/10/8/6/5/4/3/2/1 > - Points scored for about 1/2 the field > - Reward for win (1st over 2nd) 25% > - Encourages winning first, and good finishes 2nd > - Opinion, I really like this approach, no penalty for disco > >F1 - Points for 1st through 6th, 10/6/4/3/2/1 > - Points scored for about 1/4 of the field > - Reward for win (1st over 2nd) 67%!! > - Encourages winning, winning, winning, podiums also okay > - Opinion - A man's scoring system, but leaves no reason to race for the lower positions > >ASRL(old) - Points for 1st through last?, 41/38/36/34/32/.../2, 2 pt increments > - Reward for win (1st over 2nd) 7.9% > - Encourages showing up and not breaking > - Opinion, not well-suited for online because it penalizes discos > - Note that the last disco scores more points than the first disco!! > >Suggestion - I don't think we are buying anything by rewarding the last disco over the first disco. In fact, I would suggest it is not the best way to go. I would personally prefer something closer to CART, maybe adjusted for our race numbers. So, assuming about 18 starters per race, here is what I would suggest: > >ASRL Maybe- Points for 1st through 9th, 20/16/13/10/8/6/4/2/1 > - Points scored for about 1/2 the field > - Reward for win (1st over 2nd) 25% > - Encourages winning first, and good finishes 2nd > - Opinion, I really like this approach, no penalty for disco > - Reward for finishing in 1st half of the field (which with disco's, isn't usually all that difficult) > > > - - - -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, 17 Oct 2001 12:01:35 -0400 From: "Dave" Subject: [CANSLIM] Failed BOs Stopped out of DORL, USPH. Luckily bailed on ADVP at end of trading yesterday with less than 4% loss. Just seemed like one of those situations where it was not necessary to wait for a 7% loss. Despite all the evidence (and strong words by IBD) that this may be a new bull market, when breakouts of fundamentally strong stocks fail hard within days it seems to me the market is not ready. Looks like April to me. Back on the sidelines again... - - - -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, 17 Oct 2001 09:15:45 -0700 From: "Tim Fisher" Subject: RE: [CANSLIM] Failed BOs I've had two dump me quick also. The rest are faring well. I don't see the general M turning down, nor do I see most CANSLIM stocks failing. I do see recent breakouts failing, which has me worried. Boring stocks like MIKE are holding up just fine. P.S. DORL looked to be forming a handle to me, when was the B/O? Tim Fisher OreRockOn - Oregon Rockhounds Online Tim@OreRockOn.com http://OreRockOn.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Dave Sent: Wednesday, October 17, 2001 9:02 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Failed BOs Stopped out of DORL, USPH. Luckily bailed on ADVP at end of trading yesterday with less than 4% loss. Just seemed like one of those situations where it was not necessary to wait for a 7% loss. Despite all the evidence (and strong words by IBD) that this may be a new bull market, when breakouts of fundamentally strong stocks fail hard within days it seems to me the market is not ready. Looks like April to me. Back on the sidelines again... - - - -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, 17 Oct 2001 12:35:32 -0400 From: "Dave" Subject: RE: [CANSLIM] Failed BOs > P.S. DORL looked to be forming a handle to me, when was the B/O? Admittedly I bended the rules, using the high on 10/1 as the pivot, and bought when the volume surged intraday on 10/9. So it was not a true breakout, but after further analysis I decided to hold, hoping the handle would lead to a fresh breakout. I guess this is a good example that cheating the rules is not a good idea. Another 7% loss, another lesson learned :) - - - -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, 17 Oct 2001 13:57:16 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] Failed BOs Unless the Government get's a handle on the terrorism, the market will very erratic. How can you even think of going long in this atmosphere. Protect your cash if you can't do short term trading. Look's to me like the party's going to be over for quite awhile. We possibly could turn into Israel. DanF - ----- Original Message ----- From: "Dave" To: Sent: Wednesday, October 17, 2001 12:01 PM Subject: [CANSLIM] Failed BOs > Stopped out of DORL, USPH. Luckily bailed on ADVP at end of trading > yesterday with less than 4% loss. Just seemed like one of those situations > where it was not necessary to wait for a 7% loss. > > Despite all the evidence (and strong words by IBD) that this may be a new > bull market, when breakouts of fundamentally strong stocks fail hard > within days it seems to me the market is not ready. Looks like April to > me. Back on the sidelines again... > > > - > -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, 17 Oct 2001 12:24:52 -0600 From: DougC Subject: Re: [CANSLIM] Failed BOs Just got out of GTNR. Earnings came out yesterday. DGO is now showing only 7% increases year over year for most recent quarter and 20% in earnings. Not the kind of earnings momentum needed for a strong CANSLIM growth stock. And it was already extended about 50% above 50dma. I got out first thing this morning at 18.75. Too bad. Before the earnings came out looking at the fundamentals and the stock price action of GTNR gave me hope that we might get some decent runups. So far this rally, if it's that, doesnt even look to me like the one in april. Back then I got at least four decent breakouts above the 52 week highs they returned me at least 30% a piece. I don't see that happening this time. Obviously the terroist attacks and the military action has something to do with this dismal performance. Nobody wants to put too much money at risk. I'm only 50% invested myself and am looking to cut back more this week. I think it's going to be another couple quarters before the earnings in the higher cap stocks start picking up. The average market cap of the stocks I own right now is about 200mil. I just havent found anything with greater market cap worth buying. I limit my stock selection to stocks with under 20% fund ownership and PE under 2.0xSP so that's keeping me in a fairly limited group of the smaller caps for the time being. At 12:01 PM 10/17/01 -0400, you wrote: >Stopped out of DORL, USPH. Luckily bailed on ADVP at end of trading >yesterday with less than 4% loss. Just seemed like one of those situations >where it was not necessary to wait for a 7% loss. > >Despite all the evidence (and strong words by IBD) that this may be a new >bull market, when breakouts of fundamentally strong stocks fail hard >within days it seems to me the market is not ready. Looks like April to >me. Back on the sidelines again... > > >- >-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, 17 Oct 2001 21:26:24 +0200 From: Andreas Himmelreich Subject: AW: [CANSLIM] Failed BOs Sounds good to me, I will cut back as well to 75% Cash. DFXI reported yesterday, 3 Cent ahead of estimates, a very bullish conference call and it looses today over 4% (???) I have not seen a lot of breakouts working latley, This is the second day of distribution (we already had one 9/27/2001!!!), and the first day the market can not shrugg off bad news and good news get ignored. Also bad: we startet in the green and are now in the red, in bull markets its the other way around ... Another day of Distribution and I will get flat ... Is Friday Tripple Witch Day? > -----Ursprungliche Nachricht----- > Von: DougC [SMTP:dzc@qwest.net] > Gesendet am: Mittwoch, 17. Oktober 2001 20:25 > An: canslim@lists.xmission.com > Betreff: Re: [CANSLIM] Failed BOs > > Just got out of GTNR. Earnings came out yesterday. DGO is now showing only > 7% increases year over year for most recent quarter and 20% in earnings. > Not the kind of earnings momentum needed for a strong CANSLIM growth stock. > And it was already extended about 50% above 50dma. I got out first thing > this morning at 18.75. Too bad. Before the earnings came out looking at the > fundamentals and the stock price action of GTNR gave me hope that we might > get some decent runups. So far this rally, if it's that, doesnt even look > to me like the one in april. Back then I got at least four decent breakouts > above the 52 week highs they returned me at least 30% a piece. I don't see > that happening this time. Obviously the terroist attacks and the military > action has something to do with this dismal performance. Nobody wants to > put too much money at risk. I'm only 50% invested myself and am looking to > cut back more this week. I think it's going to be another couple quarters > before the earnings in the higher cap stocks start picking up. The average > market cap of the stocks I own right now is about 200mil. I just havent > found anything with greater market cap worth buying. I limit my stock > selection to stocks with under 20% fund ownership and PE under 2.0xSP so > that's keeping me in a fairly limited group of the smaller caps for the > time being. > > At 12:01 PM 10/17/01 -0400, you wrote: > >Stopped out of DORL, USPH. Luckily bailed on ADVP at end of trading > >yesterday with less than 4% loss. Just seemed like one of those situations > >where it was not necessary to wait for a 7% loss. > > > >Despite all the evidence (and strong words by IBD) that this may be a new > >bull market, when breakouts of fundamentally strong stocks fail hard > >within days it seems to me the market is not ready. Looks like April to > >me. Back on the sidelines again... > > > > > >- > >-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: Wed, 17 Oct 2001 15:39:57 -0400 From: "charles cangialosi" Subject: Re: [CANSLIM] Failed BOs I too was stopped out of USPH, fortunately I did not go into DORL. My initial reaction is to head for cover too but also I realize that maybe me and my stock picking/pivot picking are probably the problem. OTOH, I cant afford to keep up at this pace either. WON said he hit 10 bad trades in a row so maybe we are in good company. I have to agree that at least to my untrained eyes the M seems OK, sort of. At least IBD is maintaining a positive attitude and I am trying to follow them and learn, still I suspect even they can be wrong sometimes. Charlie Discouraged but not giving up yet Charlie - ----- Original Message ----- From: "Dave" To: Sent: Wednesday, October 17, 2001 12:01 PM Subject: [CANSLIM] Failed BOs > Stopped out of DORL, USPH. Luckily bailed on ADVP at end of trading > yesterday with less than 4% loss. Just seemed like one of those situations > where it was not necessary to wait for a 7% loss. > > Despite all the evidence (and strong words by IBD) that this may be a new > bull market, when breakouts of fundamentally strong stocks fail hard > within days it seems to me the market is not ready. Looks like April to > me. Back on the sidelines again... > > > - > -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, 17 Oct 2001 21:51:59 +0200 From: Andreas Himmelreich Subject: AW: [CANSLIM] Failed BOs Where did WOM say this? In IDB? > -----Ursprungliche Nachricht----- > Von: charles cangialosi [SMTP:CCANGIA@prodigy.net] > Gesendet am: Mittwoch, 17. Oktober 2001 21:40 > An: canslim@lists.xmission.com > Betreff: Re: [CANSLIM] Failed BOs > > I too was stopped out of USPH, fortunately I did not go into DORL. My > initial reaction is to head for cover too but also I realize that maybe me > and my stock picking/pivot picking are probably the problem. OTOH, I cant > afford to keep up at this pace either. WON said he hit 10 bad trades in a > row so maybe we are in good company. > I have to agree that at least to my untrained eyes the M seems OK, sort > of. At least IBD is maintaining a positive attitude and I am trying to > follow them and learn, still I suspect even they can be wrong sometimes. > > Charlie > Discouraged but not giving up yet > Charlie > ----- Original Message ----- > From: "Dave" > To: > Sent: Wednesday, October 17, 2001 12:01 PM > Subject: [CANSLIM] Failed BOs > > > > Stopped out of DORL, USPH. Luckily bailed on ADVP at end of trading > > yesterday with less than 4% loss. Just seemed like one of those situations > > where it was not necessary to wait for a 7% loss. > > > > Despite all the evidence (and strong words by IBD) that this may be a new > > bull market, when breakouts of fundamentally strong stocks fail hard > > within days it seems to me the market is not ready. Looks like April to > > me. Back on the sidelines again... > > > > > > - > > -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: Wed, 17 Oct 2001 17:24:35 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] Failed BOs In a message dated 10/17/2001 1:56:47 PM Eastern Daylight Time, dforant1@nycap.rr.com writes: << Unless the Government get's a handle on the terrorism, the market will very erratic. How can you even think of going long in this atmosphere. Protect your cash if you can't do short term trading. Look's to me like the party's going to be over for quite awhile. We possibly could turn into Israel. DanF >> If that's the case, let's look for promising formations, like C&H's, in order to corner the "kepaw" market. jans ;) - - - -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, 17 Oct 2001 15:11:20 -0700 From: "Tim Fisher" Subject: RE: [CANSLIM] Failed BOs Nasdaq Composite : -- Technical -- The index gapped higher at the open and shortly thereafter touched its intraday high at 1754. From a technical perspective, this is notable because 1755 represents a 50% retracement of the long sell wave that started in early August. The sell pressure on its failure at 1755 isn't surprising, though the failure to follow through on initial sell pressure may be encouraging to market bulls. Look for the 1720/1724 area to serve as an intraday pivot point. To the downside, the index has decent support at 1702 which successfully held on its first test early this morning. According to the above short term support has been broken on the NASDAQ. That is short term bad news, as is the anthrax scare. As for the failed B/Os, ADVP's failed for a reason, it was not institutionals selling but the fact that a large health plan switched pharmacy providers to a competitor. Why do I think you all sound like a bunch of whining day-traders here? We have had 2 distribution days (if that; I am not convinced that today represented distribution on the NYSE, which is where ALL the stocks I hold are listed.) CANSLIM demands an intermediate-term outlook; to dump your stocks because of 1-1/2 distribution days in the midst of 3 strong confirmation days is silliness, IMHO. Let your stops take you out - that is what they are for. And don't use intraday stops if you can help it! I have been stopped out of 2 and am still in 4, so I am right where I need to be after some distribution. Tim Fisher OreRockOn - Oregon Rockhounds Online Tim@OreRockOn.com http://OreRockOn.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Spencer48@aol.com Sent: Wednesday, October 17, 2001 2:25 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Failed BOs In a message dated 10/17/2001 1:56:47 PM Eastern Daylight Time, dforant1@nycap.rr.com writes: << Unless the Government get's a handle on the terrorism, the market will very erratic. How can you even think of going long in this atmosphere. Protect your cash if you can't do short term trading. Look's to me like the party's going to be over for quite awhile. We possibly could turn into Israel. DanF >> If that's the case, let's look for promising formations, like C&H's, in order to corner the "kepaw" market. jans ;) - - - -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, 17 Oct 2001 19:00:25 -0700 From: "Charles Cangialosi" Subject: RE: [CANSLIM] Failed BOs Page 86 in HTMMIS, but he said that out of every 10 stocks only one or two is outstanding which when I first read it I thought it meant that he got 10 wrong now that I re-read it maybe that was not what he meant. Charlie - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Andreas Himmelreich Sent: Wednesday, October 17, 2001 12:52 PM To: 'canslim@lists.xmission.com' Subject: AW: [CANSLIM] Failed BOs Where did WOM say this? In IDB? > -----Ursprungliche Nachricht----- > Von: charles cangialosi [SMTP:CCANGIA@prodigy.net] > Gesendet am: Mittwoch, 17. Oktober 2001 21:40 > An: canslim@lists.xmission.com > Betreff: Re: [CANSLIM] Failed BOs > > I too was stopped out of USPH, fortunately I did not go into DORL. My > initial reaction is to head for cover too but also I realize that maybe me > and my stock picking/pivot picking are probably the problem. OTOH, I cant > afford to keep up at this pace either. WON said he hit 10 bad trades in a > row so maybe we are in good company. > I have to agree that at least to my untrained eyes the M seems OK, sort > of. At least IBD is maintaining a positive attitude and I am trying to > follow them and learn, still I suspect even they can be wrong sometimes. > > Charlie > Discouraged but not giving up yet > Charlie > ----- Original Message ----- > From: "Dave" > To: > Sent: Wednesday, October 17, 2001 12:01 PM > Subject: [CANSLIM] Failed BOs > > > > Stopped out of DORL, USPH. Luckily bailed on ADVP at end of trading > > yesterday with less than 4% loss. Just seemed like one of those situations > > where it was not necessary to wait for a 7% loss. > > > > Despite all the evidence (and strong words by IBD) that this may be a new > > bull market, when breakouts of fundamentally strong stocks fail hard > > within days it seems to me the market is not ready. Looks like April to > > me. Back on the sidelines again... > > > > > > - > > -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. - - - -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, 17 Oct 2001 18:58:44 -0400 From: "Tom Worley" Subject: IBD's attitutude (was Re: [CANSLIM] Failed BOs) This is a multi-part message in MIME format. - ------=_NextPart_000_002E_01C1573D.BEC6B680 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Charlie and Dave, One word of caution. Use IBD for news, for facts, for numbers on stocks. = But don't let them shape your attitude. Yes, they have been wrong. They also have a history, like any financial = newspaper, of looking back historically and telling us what we should = have all seen two or three or six months before. That's easy to do in = hindsight, very difficult to do in real time. You must let the market, or your interpretation of it, set your = attitude, then let time and events and prices show you if you = interpreted correctly, and adjust accordingly. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: charles cangialosi=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, October 17, 2001 3:39 PM Subject: Re: [CANSLIM] Failed BOs At least IBD is maintaining a positive attitude and I am trying to follow them and learn, still I suspect even they can be wrong = sometimes. Charlie Discouraged but not giving up yet Charlie ----- Original Message ----- From: "Dave" To: Sent: Wednesday, October 17, 2001 12:01 PM Subject: [CANSLIM] Failed BOs > Despite all the evidence (and strong words by IBD) that this may be = a new > bull market, when breakouts of fundamentally strong stocks fail hard > within days it seems to me the market is not ready. Looks like April = to > me. Back on the sidelines again... > - ------=_NextPart_000_002E_01C1573D.BEC6B680 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Charlie and Dave,
 
One word of caution. Use IBD for news, for facts, = for numbers=20 on stocks. But don't let them shape your attitude.
 
Yes, they have been wrong. They also have a history, = like any=20 financial newspaper, of looking back historically and telling us what we = should=20 have all seen two or three or six months before. That's easy to do in = hindsight,=20 very difficult to do in real time.
 
You must let the market, or your interpretation of = it, set=20 your attitude, then let time and events and prices show you if you = interpreted=20 correctly, and adjust accordingly.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 charles=20 cangialosi
To: canslim@lists.xmission.com =
Sent: Wednesday, October 17, = 2001 3:39=20 PM
Subject: Re: [CANSLIM] Failed = BOs
 
   <snipped>
At least IBD is maintaining a positive attitude and I am trying=20 to
follow them and learn, still I suspect even they can be wrong=20 sometimes.

Charlie
Discouraged but not giving up=20 yet
Charlie
----- Original Message -----
From: "Dave" <drubin@i-2000.com>
To: = <canslim@lists.xmission.com= >
Sent:=20 Wednesday, October 17, 2001 12:01 PM
Subject: [CANSLIM] Failed=20 BOs


   <snipped>

> Despite all the evidence (and strong words by IBD) that = this may=20 be a new
> bull market, when breakouts of fundamentally strong = stocks=20 fail hard
> within days it seems to me the market is not ready. = Looks=20 like April to
> me. Back on the sidelines=20 again...
>
- ------=_NextPart_000_002E_01C1573D.BEC6B680-- - - - -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, 18 Oct 2001 01:14:45 +0200 From: Andreas Himmelreich Subject: AW: [CANSLIM] Failed BOs Tim, I love you !!! Very good analysis. Nevertheless, a lot of Breakouts failed, and I do belive that there was a bit of panik and the market did look at the bad news and did not look on good news ... Before today I was bullish (green light) after today I am very, very cautious (yellow light). Good night ... (its 01:14, time to go to bed ...) Andreas > -----Ursprungliche Nachricht----- > Von: Tim Fisher [SMTP:tim@orerockon.com] > Gesendet am: Donnerstag, 18. Oktober 2001 00:11 > An: canslim@lists.xmission.com > Betreff: RE: [CANSLIM] Failed BOs > > Nasdaq Composite : -- Technical -- The index gapped higher at the open > and shortly thereafter touched its intraday high at 1754. From a > technical perspective, this is notable because 1755 represents a 50% > retracement of the long sell wave that started in early August. The sell > pressure on its failure at 1755 isn't surprising, though the failure to > follow through on initial sell pressure may be encouraging to market > bulls. Look for the 1720/1724 area to serve as an intraday pivot point. > To the downside, the index has decent support at 1702 which successfully > held on its first test early this morning. > > According to the above short term support has been broken on the NASDAQ. > That is short term bad news, as is the anthrax scare. As for the failed > B/Os, ADVP's failed for a reason, it was not institutionals selling but > the fact that a large health plan switched pharmacy providers to a > competitor. Why do I think you all sound like a bunch of whining > day-traders here? We have had 2 distribution days (if that; I am not > convinced that today represented distribution on the NYSE, which is > where ALL the stocks I hold are listed.) CANSLIM demands an > intermediate-term outlook; to dump your stocks because of 1-1/2 > distribution days in the midst of 3 strong confirmation days is > silliness, IMHO. Let your stops take you out - that is what they are > for. And don't use intraday stops if you can help it! I have been > stopped out of 2 and am still in 4, so I am right where I need to be > after some distribution. > > Tim Fisher > OreRockOn - Oregon Rockhounds Online > Tim@OreRockOn.com > http://OreRockOn.com > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Spencer48@aol.com > Sent: Wednesday, October 17, 2001 2:25 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Failed BOs > > > In a message dated 10/17/2001 1:56:47 PM Eastern Daylight Time, > dforant1@nycap.rr.com writes: > > << Unless the Government get's a handle on the terrorism, the market > will very erratic. How can you even think of going long in this > atmosphere. Protect your cash if you can't do short term trading. > Look's to me like the party's going to be over for quite awhile. We > possibly could turn into Israel. > > DanF >> > > If that's the case, let's look for promising formations, like > C&H's, in > order to corner the "kepaw" market. > > jans ;) > > > > - > -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, 17 Oct 2001 19:11:48 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Failed BOs This is a multi-part message in MIME format. - ------=_NextPart_000_0037_01C1573F.91C8D9E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Dave, I would question whether DORL and USPH are good examples of "breakouts = of fundamentally strong stocks". These two were two from their recent = high before 9/11/01 17 and 21 percent. That they did well since the = attack suggests to me a move by external events rather than driven from = their own fundamentals. And the four weeks since we resumed trading is = hardly enough time to establish them as leaders. Perception is very important in investing. Obviously, if you make money, = it seems more likely to be a bull market than if you are losing money. = My IRA is 100% invested, all small to micro caps, and made me 1.8% = today. My VR fund is 87% invested, also in small to micro caps, many low = priced and many thinly traded. The fund lost 0.2%. But since the major = indexes lost much more, I consider that a victory for the day, = especially since I must be at least 65% invested. I did a lot of buying = on Monday and Tuesday, and a few sells, in my fund. Looking back, my = only regret is several of the sells where I gave up on a few under = performers, and naturally they popped as soon as I let go of them. Thank = you, Murphy! So from where I sit, I am bullish on this market. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Dave=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, October 17, 2001 12:01 PM Subject: [CANSLIM] Failed BOs Stopped out of DORL, USPH. Luckily bailed on ADVP at end of trading yesterday with less than 4% loss. Just seemed like one of those = situations where it was not necessary to wait for a 7% loss. Despite all the evidence (and strong words by IBD) that this may be a = new bull market, when breakouts of fundamentally strong stocks fail hard within days it seems to me the market is not ready. Looks like April = to me. Back on the sidelines again... - -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_0037_01C1573F.91C8D9E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Dave,
 
I would question whether DORL and USPH are good = examples of=20 "breakouts of fundamentally strong stocks". These two were two from = their recent=20 high before 9/11/01 17 and 21 percent. That they did well since the = attack=20 suggests to me a move by external events rather than driven from their = own=20 fundamentals. And the four weeks since we resumed trading is hardly = enough time=20 to establish them as leaders.
 
Perception is very important in investing. = Obviously, if you=20 make money, it seems more likely to be a bull market than if you are = losing=20 money. My IRA is 100% invested, all small to micro caps, and made me = 1.8% today.=20 My VR fund is 87% invested, also in small to micro caps, many low priced = and=20 many thinly traded. The fund lost 0.2%. But since the major indexes lost = much=20 more, I consider that a victory for the day, especially since I must be = at least=20 65% invested. I did a lot of buying on Monday and Tuesday, and a few = sells, in=20 my fund. Looking back, my only regret is several of the sells where I = gave up on=20 a few under performers, and naturally they popped as soon as I let go of = them.=20 Thank you, Murphy! So from where I sit, I am bullish on this=20 market.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Dave
To: canslim@lists.xmission.com =
Sent: Wednesday, October 17, = 2001 12:01=20 PM
Subject: [CANSLIM] Failed = BOs

Stopped out of DORL, USPH. Luckily bailed on ADVP at = end of=20 trading
yesterday with less than 4% loss. Just seemed like one of = those=20 situations
where it was not necessary to wait for a 7% = loss.

Despite=20 all the evidence (and strong words by IBD) that this may be a = new
bull=20 market, when breakouts of fundamentally strong stocks fail = hard
within days=20 it seems to me the market is not ready. Looks like April to
me. = Back on the=20 sidelines again...


-
-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_0037_01C1573F.91C8D9E0-- - - - -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 #1741 ****************************** 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.