From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1815 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, November 14 2001 Volume 02 : Number 1815 In this issue: RE: [CANSLIM] investors.com problem [CANSLIM] MOVI - LLUR Re: [CANSLIM] MOVI - LLUR Re: [CANSLIM] MOVI - LLUR Re: [CANSLIM] MOVI - LLUR Re: [CANSLIM]Watchlist Re: [CANSLIM] MOVI - LLUR Re: [CANSLIM] JEC Re: [CANSLIM] JEC Re: [CANSLIM] Stock Quotes into Excell RE: [CANSLIM]Watchlist Re: [CANSLIM] LLURs + Double Bottoms ---------------------------------------------------------------------- Date: Wed, 14 Nov 2001 12:13:02 -0600 From: Chris Dempsey Subject: RE: [CANSLIM] investors.com problem If you haven't used the site for a while just click home before doing what you want to, that will tell you if you need to enter your password again. The problem that I have been having is, after getting a daily chart and then getting a weekly chart, no matter what you do next, you get a message to the effect that 'your logon is already being used'? - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman Sent: Tuesday, November 13, 2001 7:45 PM To: canslim@lists.xmission.com Subject: [CANSLIM] investors.com problem Are any other subscribers having trouble with being logged off this site and getting the message to the effect that 'your logon is already being used'? I keep getting logged off after several minutes to several hours logged on. Customer service has not been able to help me. Even changed my pw and un to no avail. Norm - - - -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, 14 Nov 2001 18:25:42 GMT From: "Boyd" Subject: [CANSLIM] MOVI - LLUR Did anyone pick up MOVI on the bounce? I identified the LLUR possibility this past weekend and was watching for a bounce this week. I saw the move this morn but was unimpressed with the volume. I'm thinking that was a mistake now :-( Norm - - - -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, 14 Nov 2001 12:06:47 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] MOVI - LLUR Norm, Would that heavy volume on the run down from 10/31 disqualify this as a LLUR? Are all pullbacks to support in a LLUR on low volume or does it matter? Katherine - ----- Original Message ----- From: "Boyd" To: Sent: Wednesday, November 14, 2001 12:25 PM Subject: [CANSLIM] MOVI - LLUR > Did anyone pick up MOVI on the bounce? I identified the LLUR possibility > this past weekend and was watching for a bounce this week. I saw the move > this morn but was unimpressed with the volume. I'm thinking that was a > mistake now :-( > > Norm > > - > -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, 14 Nov 2001 18:41:59 GMT From: "Boyd" Subject: Re: [CANSLIM] MOVI - LLUR From my uneducated perspective this one may have violated the strict rules for LLURs but I didn't know what else to call it. It pulled back on low vol for the most part, something I like to see. And it has done this previously. I liked the fundies, mostly low vol and the fact that LLURs are the best pattern I have seen lately. And, no, I don't like all pull backs. High vol pull backs scare me a little; especially if they violate support levels for more than 1 day on hi vol (i.e. DP). I don't mind if support levels are violated intraday, in fact, I kinda like to see the immediate bounce back up. Norm Katherine Malm writes: > Norm, > > Would that heavy volume on the run down from 10/31 disqualify this as a > LLUR? Are all pullbacks to support in a LLUR on low volume or does it > matter? > > Katherine > ----- Original Message ----- > From: "Boyd" > To: > Sent: Wednesday, November 14, 2001 12:25 PM > Subject: [CANSLIM] MOVI - LLUR > > > > Did anyone pick up MOVI on the bounce? I identified the LLUR possibility > > this past weekend and was watching for a bounce this week. I saw the move > > this morn but was unimpressed with the volume. I'm thinking that was a > > mistake now :-( > > > > Norm > > > > - > > -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, 14 Nov 2001 12:25:49 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] MOVI - LLUR Fundamentals sure look compelling as a "turnaround" play. I wonder how much of the recent action has to do with those playing the turnaround vs. those trading it for a "people-will-be-staying-at-home-more-if-they're-worried-about-terrorism-but- if-the-fear-abates-they'll-go-out-again" play. Could give some explanation for the heavy down volume recently. Thank you for your view on the technicals. As you can tell, this is an area I feel least comfortable with and I appreciate that you've taken the time to educate me. Katherine - ----- Original Message ----- From: "Boyd" To: Sent: Wednesday, November 14, 2001 12:41 PM Subject: Re: [CANSLIM] MOVI - LLUR > From my uneducated perspective this one may have violated the strict rules > for LLURs but I didn't know what else to call it. It pulled back on low > vol for the most part, something I like to see. And it has done this > previously. I liked the fundies, mostly low vol and the fact that LLURs > are the best pattern I have seen lately. And, no, I don't like all pull > backs. High vol pull backs scare me a little; especially if they violate > support levels for more than 1 day on hi vol (i.e. DP). I don't mind if > support levels are violated intraday, in fact, I kinda like to see the > immediate bounce back up. > > Norm > > > > Katherine Malm writes: > > > Norm, > > > > Would that heavy volume on the run down from 10/31 disqualify this as a > > LLUR? Are all pullbacks to support in a LLUR on low volume or does it > > matter? > > > > Katherine > > ----- Original Message ----- > > From: "Boyd" > > To: > > Sent: Wednesday, November 14, 2001 12:25 PM > > Subject: [CANSLIM] MOVI - LLUR > > > > > > > Did anyone pick up MOVI on the bounce? I identified the LLUR possibility > > > this past weekend and was watching for a bounce this week. I saw the move > > > this morn but was unimpressed with the volume. I'm thinking that was a > > > mistake now :-( > > > > > > Norm > > > > > > - > > > -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, 14 Nov 2001 13:09:06 -0600 From: Gene Ricci Subject: Re: [CANSLIM]Watchlist This is a multi-part message in MIME format. - ------=_NextPart_000_00E6_01C16D0D.8A619D20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Chris you said < Doesn't DGO only show the stocks that were put in the = books for that week> I don't know! < which could explain why the number of stocks varies widely within each = ranking?> I prefer their explanation! It picks = stocks to look at; their charts verify.. or! Chris,=20 Whys starting at EPS 77 ??? DGO has a floating 'penalty box'. I = first discovered it when seeing a disproportionate number of EPS 77 = stocks. I asked DGO about it and they replied: .=20 EPS of 77 usually means that the EPS rank cannot be calculated = either because the company doesn't have enough earnings history, or had = erratic earnings history. 1 quarter of negative earnings, 1 quarter = positive earnings, etc. Right now their penalty box is EPS 80 with 154 stocks, EPS 77, 78, = 79 have about 35 each.=20 DGO has other penalty boxes .... stock with eps 20 to 30 have 190 = stocks; 30 to 40 have 329 stocks; and 40 to 50 have 236 stocks, the = culprit bin appears to be eps of 32, there are 115 while the surrounding = eps bins have about 20 stocks.... Maybe 32 is the triage center for the = fallen angels... Since my Swings scans are looking for retracements I use RS 60 to = find stocks in an uptrend. I use fundamentals when creating all watchlists.... SMR B is usually = a very small loss in candidates as opposed to using a C SMR rating.... Gene - ------=_NextPart_000_00E6_01C16D0D.8A619D20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Chris you said < Doesn't DGO only=20 show the stocks that were put in the books for that week> I don't know!
< which could explain why the number of stocks varies = widely=20 within each ranking?> I prefer their=20 explanation!
<Why do you think a RS of 60 would help you find an up = trend?>=20 It picks stocks to look at; their charts = verify..=20 or!
Chris,
 
Whys starting at EPS 77 ??? DGO = has a=20 floating 'penalty box'. I first discovered it when seeing a = disproportionate=20 number of EPS 77 stocks. I asked DGO about it and they replied: = . 
 
EPS = of=20 77 usually means that the EPS rank cannot be calculated either = because=20 the company doesn't have enough earnings history, or had erratic = earnings=20 history.  1 quarter of negative earnings, 1 quarter positive = earnings,=20 etc.
 
Right now their penalty box is EPS = 80 with=20 154 stocks, EPS 77, 78, 79 have about 35 each.
 
DGO has other penalty boxes .... = stock with=20 eps 20 to 30 have 190 stocks; 30 to 40 have 329 = stocks; and 40 to=20 50  have 236 stocks, the = culprit bin=20 appears to be eps of 32, there are 115 while the surrounding eps = bins have=20 about 20 stocks.... Maybe 32 is the triage center for the fallen=20 angels...
 
Since my Swings scans are looking=20 for retracements I use RS 60 to find stocks in an = uptrend.
 
I use fundamentals when creating = all=20 watchlists.... SMR B is usually a very small loss in candidates = as=20 opposed to using a C SMR rating....
 
Gene
- ------=_NextPart_000_00E6_01C16D0D.8A619D20-- - - - -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, 14 Nov 2001 19:00:39 GMT From: "Boyd" Subject: Re: [CANSLIM] MOVI - LLUR LOL! Me educate someone on charts? That'll be the day :-) As I have read so many times on this listserv, I have learned much more here than I have contributed. If I helped, your welcome; for I have also learned from your posts - thanks! Norm Katherine Malm writes: > Fundamentals sure look compelling as a "turnaround" play. I wonder how much > of the recent action has to do with those playing the turnaround vs. those > trading it for a > "people-will-be-staying-at-home-more-if-they're-worried-about-terrorism-but- > if-the-fear-abates-they'll-go-out-again" play. Could give some explanation > for the heavy down volume recently. > > Thank you for your view on the technicals. As you can tell, this is an area > I feel least comfortable with and I appreciate that you've taken the time to > educate me. > > Katherine > > ----- Original Message ----- > From: "Boyd" > To: > Sent: Wednesday, November 14, 2001 12:41 PM > Subject: Re: [CANSLIM] MOVI - LLUR > > > > From my uneducated perspective this one may have violated the strict rules > > for LLURs but I didn't know what else to call it. It pulled back on low > > vol for the most part, something I like to see. And it has done this > > previously. I liked the fundies, mostly low vol and the fact that LLURs > > are the best pattern I have seen lately. And, no, I don't like all pull > > backs. High vol pull backs scare me a little; especially if they violate > > support levels for more than 1 day on hi vol (i.e. DP). I don't mind if > > support levels are violated intraday, in fact, I kinda like to see the > > immediate bounce back up. > > > > Norm > > > > > > > > Katherine Malm writes: > > > > > Norm, > > > > > > Would that heavy volume on the run down from 10/31 disqualify this as a > > > LLUR? Are all pullbacks to support in a LLUR on low volume or does it > > > matter? > > > > > > Katherine > > > ----- Original Message ----- > > > From: "Boyd" > > > To: > > > Sent: Wednesday, November 14, 2001 12:25 PM > > > Subject: [CANSLIM] MOVI - LLUR > > > > > > > > > > Did anyone pick up MOVI on the bounce? I identified the LLUR > possibility > > > > this past weekend and was watching for a bounce this week. I saw the > move > > > > this morn but was unimpressed with the volume. I'm thinking that was > a > > > > mistake now :-( > > > > > > > > Norm > > > > > > > > - > > > > -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. > - - - -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, 14 Nov 2001 12:16:35 -0700 From: "Patrick Wahl" Subject: Re: [CANSLIM] JEC I have a bias towards seeing a handle form at the old highs, and buying breakouts into all time highs, so the chart would look best to me if a handle formed right about at the current price. However, others on this list would say the handle already formed, I guess that is a valid interpretation. My other question would be if this stock has much more gas left in the immediate future. They are a construction firm, so I don't know that they get much of a premium in the valuation, and they do seem to be reasonably priced now. It may need to go sideways longer than just a handle formation to consolidate recent price gains. On 14 Nov 01, at 8:50, Katherine Malm wrote: > Agreed, Patrick. After coffee and a good night's sleep, a fresh read this > morning shows the similarities in the views. What baffles me a bit though, > is that if I look at this on a weekly chart, the handle begins to form 10/11 > and drifts nicely. But, since 11/11 this seems to be under what I'd > characterize as "subtle accumulation." That steady accumulation shows up > particularly on an hourly chart over the last couple of weeks. Not a decided > B/O above a handle high of 72, but in total, sure look like someone's buying > it. Any thoughts? > > Katherine > ----- Original Message ----- > From: "Patrick Wahl" > To: > Sent: Wednesday, November 14, 2001 8:58 AM > Subject: Re: [CANSLIM] JEC > > > > I think there was some agreement among the 4 views. Perry S. > > and my views are pretty much the same, and my alternate cup and > > handle view (handle forms below left side of cup) is what Tom said. > > > > On 13 Nov 01, at 22:41, Katherine Malm wrote: > > > > > Hmmm. So far 4 responses and 4 different points of view. Maybe I should > put > > > this one under the category of "if I can't read it, it must be > > > consolidating." Hah. > > > > > > I appreciate your input, thanks, Patrick. > > > > > > Katherine > > > > > > ----- Original Message ----- > > > From: "Patrick Wahl" > > > To: > > > Sent: Tuesday, November 13, 2001 10:47 PM > > > Subject: Re: [CANSLIM] JEC > > > > > > > > > > Looks like a stock that underwent a consolidation, a basing period, > > > > a correction, whatever you wish to call it, of the previous uptrend, > > > > from about June 1 until now. I think it could also be called a Cup > > > > without handle, yet, unless you think it is acceptable if the handle > > > > forms below old highs (we had this discussion a few weeks ago, > > > > and now I can't remember the name of the stock), and then you > > > > could say that the last 3 weeks of Oct. constitute a handle. Bit of > > > > a choppy looking chart the last few months, but overall constructive > > > > looking. I can't look at the chart with my usual software right now, > > > > but overall the volume patterns seem good too. > > > > > > > > On 13 Nov 01, at 18:49, Katherine Malm wrote: > > > > > > > > > Would someone please give me a technical read on JEC's chart? I'm > > > > > having a hard time reading the action from about 5/18 to today, > > > > > particularly the action the last month. > > > > > > > > > > Thanks, > > > > > Katherine > > > > > kmalm@earthlink.net > > > > > > > > > > > > > > > > > > > > > - > > > > -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. - - - -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, 14 Nov 2001 12:59:29 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] JEC Patrick, > > My other question would be if this stock has much more gas left in > the immediate future. They are a construction firm, so I don't know > that they get much of a premium in the valuation, and they do > seem to be reasonably priced now. It may need to go sideways > longer than just a handle formation to consolidate recent price > gains. A point worth making, indeed--their growth rate not particularly "stellar" and a PE at the high end of their 5 year range. I am monitoring them right now because I am interested in them as a "backend play" to the biotech industry. Among their large construction project expertise is building specialized facilities for biotech and pharma research and manufacturing. Thanks, Katherine - - - -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, 14 Nov 2001 12:40:11 -0700 From: Warren Keuffel Subject: Re: [CANSLIM] Stock Quotes into Excell Let us know how you like it after you've used it for a month or two! ;-) (I know nothing about this particular program but having been burned numerous times by other programs I've purchased via the Web I know that it takes a while to discover what works and what doesn't.) Warren Jeff Salisbury wrote: > Jeff Salisbury wrote: > >> Hello Everyone, >> >> I'm trying to find a software package that will allow me to enter a >> ticker in an Excel spreadsheet cell, and then program another cell >> to display the current price. I know there must be some DDE >> application out there that will do this. Can anyone point me in the >> right direction? >> > > Everyone, > > Thanks for your suggestions. I found a solution to my problem in the > program Personal Stock Monitor (Gold version). I didn't need > real-time or even near real-time. What I needed was end-of-day, > automatic updates in my spreadsheet. If you are interested, goto > http://www.dtlink.com/. > > Jeff > - -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, 14 Nov 2001 12:28:55 -0700 From: DougC Subject: RE: [CANSLIM]Watchlist - --=====================_348919107==_.ALT Content-Type: text/plain; charset="us-ascii"; format=flowed The DGO database covers about 8000 stocks so just about any stock symbol you type in will result in that stocks latest fundamentals/graphs being available to you. Data items like RS are relative to the 8000 stocks and not just what's in the books. What us DGO users have complained about in the past is that DGO did not let us sort through that entire database. All they made available for that purpose was a list of the 2855 stocks that they put into their hard copy graph books. The particular stocks that they might include in the books is updated weekly. At 12:08 PM 11/14/01 -0600, you wrote: >Doesn't DGO only show the stocks that were put in the books for that week >which could explain why the number of stocks varies widely within each ranking? > >Why do you think a RS of 60 would help you find an up trend? >>-----Original Message----- >>From: owner-canslim@lists.xmission.com >>[mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene Ricci >>Sent: Tuesday, November 13, 2001 9:23 PM >>To: canslim@lists.xmission.com >>Subject: Re: [CANSLIM]Watchlist >> >>Chris, >> >>Whys starting at EPS 77 ??? DGO has a floating 'penalty box'. I first >>discovered it when seeing a disproportionate number of EPS 77 stocks. I >>asked DGO about it and they replied: . >> >>EPS of 77 usually means that the EPS rank cannot be calculated either >>because the company doesn't have enough earnings history, or had erratic >>earnings history. 1 quarter of negative earnings, 1 quarter positive >>earnings, etc. >> >>Right now their penalty box is EPS 80 with 154 stocks, EPS 77, 78, 79 >>have about 35 each. >> >>DGO has other penalty boxes .... stock with eps 20 to 30 have 190 stocks; >>30 to 40 have 329 stocks; and 40 to 50 have 236 stocks, the culprit bin >>appears to be eps of 32, there are 115 while the surrounding eps bins >>have about 20 stocks.... Maybe 32 is the triage center for the fallen >>angels... >> >>Since my Swings scans are looking for retracements I use RS 60 to find >>stocks in an uptrend. >> >>I use fundamentals when creating all watchlists.... SMR B is usually a >>very small loss in candidates as opposed to using a C SMR rating.... >> >>Gene >> >>----- Original Message ----- >>From: Chris Dempsey >>To: canslim@lists.xmission.com >>Sent: Tuesday, November 13, 2001 6:04 PM >>Subject: RE: [CANSLIM]Watchlist >> >>Im curious how you came up with these numbers for your watch list? >>-----Original Message----- >>From: >>owner-canslim@lists.xmission.com >>[mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene Ricci >>Sent: Tuesday, November 13, 2001 4:28 PM >>To: canslim@lists.xmission.com >>Subject: Re: [CANSLIM] LLURs + Double Bottoms >> >>My watchlist comes from stocks with => ratings of EPS 77; RS 60 and SMR B. >> >> - --=====================_348919107==_.ALT Content-Type: text/html; charset="us-ascii" The DGO database covers about 8000 stocks so just about any stock symbol you type in will result in that stocks latest fundamentals/graphs being available to you. Data items like RS are relative to the 8000 stocks and not just what's in the books. What us DGO users have complained about in the past is that DGO did not let us sort through that entire database. All they made available for that purpose was a list of the 2855 stocks that they put into their hard copy graph books. The particular stocks that they might include in the books is updated weekly.

At 12:08 PM 11/14/01 -0600, you wrote:
Doesn't DGO only show the stocks that were put in the books for that week which could explain why the number of stocks varies widely within each ranking?
 
Why do you think a RS of 60 would help you find an up trend?
-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene Ricci
Sent: Tuesday, November 13, 2001 9:23 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM]Watchlist
Chris,
 
Whys starting at EPS 77 ??? DGO has a floating 'penalty box'. I first discovered it when seeing a disproportionate number of EPS 77 stocks. I asked DGO about it and they replied: .
 
EPS of 77 usually means that the EPS rank cannot be calculated either because the company doesn't have enough earnings history, or had erratic earnings history.  1 quarter of negative earnings, 1 quarter positive earnings, etc.
 
Right now their penalty box is EPS 80 with 154 stocks, EPS 77, 78, 79 have about 35 each.
 
DGO has other penalty boxes .... stock with eps 20 to 30 have 190 stocks; 30 to 40 have 329 stocks; and 40 to 50  have 236 stocks, the culprit bin appears to be eps of 32, there are 115 while the surrounding eps bins have about 20 stocks.... Maybe 32 is the triage center for the fallen angels...
 
Since my Swings scans are looking for retracements I use RS 60 to find stocks in an uptrend.
 
I use fundamentals when creating all watchlists.... SMR B is usually a very small loss in candidates as opposed to using a C SMR rating....
 
Gene
 
----- Original Message -----
From: Chris Dempsey
To: canslim@lists.xmission.com
Sent: Tuesday, November 13, 2001 6:04 PM
Subject: RE: [CANSLIM]Watchlist

Im curious how you came up with these numbers for your watch list?
-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene Ricci
Sent: Tuesday, November 13, 2001 4:28 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] LLURs + Double Bottoms
My watchlist comes from stocks with  => ratings of EPS 77; RS 60 and SMR B.
 
 
- --=====================_348919107==_.ALT-- - - - -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, 13 Nov 2001 22:37:23 -0800 From: "Ian" Subject: Re: [CANSLIM] LLURs + Double Bottoms This is a multi-part message in MIME format. - ------=_NextPart_000_0078_01C16C93.C3558A80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Actually, we are only 4 1/2 months away from having a pretty low bar in = terms of 1-year prices for most techs. In the microcap world, it is even = earlier, as Dec 21/22 last year were historical lows. However, CANSLIM has a pretty significant fundamental component that = cannot be ignored. There is no evidence yet that many of these techs = will be showing significantly accelerated EPS in the near future. Q1 = 2001 wasn't too bad for many of them - meaning we may have to wait for = Q3 2002 before seeing any growth in the comparables. That is a long time = from now to be gambling with buying them after many have risen 200%+ = from their September/Oct 03 lows. Finally - I think it IS important to 'write off' investing in the tech = firms who may have seen secular peaks in their business and earnings = potential. CANSLIM seeks to find stocks where the companies final = potential is still an unknown. JMHO. Ian ----- Original Message -----=20 From: Tangen, Eric=20 To: 'canslim@lists.xmission.com'=20 Sent: Tuesday, November 13, 2001 4:10 PM Subject: RE: [CANSLIM] LLURs + Double Bottoms I think the real question a true CANSLIMMer needs answer for = themselves is - are they going to dismiss tech stock till the 'fallen = angles' break into new highs in the next bull cycle? The NASDAQ bubble = has set a 'high jump' indicator that any tech stock is going to be hard = pressed to meet...and if you ignore tech till the next bull charges = above NASDAQ 5000 levels, I think you've written off investing in tech. =20 Personally, I'm going one float volume back in time to establish a = high...by this analysis, a whole lot of tech stocks are breaking into = new highs, and on good volume, too.=20 ERIC TANGEN=20 -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Tuesday, November 13, 2001 4:50 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] LLURs + Double Bottoms Looks like we're of like mind on much of this. I was having a = similar discussion with someone just today and would like to speak to = the idea of CANSLIM as a trading style. =20 The CANSLIM approach comes at a cost. That is, it is a growth stock = investing strategy plain and simple. It says that if you're going to = make a lot of money on a stock, you want to get it when its growth rate = is accelerating. That means that, if you discount that future = accelerating earnings stream to the present, this stock should have a = higher price than a stock that has a low or decelerating growth rate. = Furthermore, the price should appreciate at a faster rate as more = information becomes known about the company, its products and its = markets. As a result, the downside to CANSLIM is that if the majority of = stocks in the market are experiencing decelerating growth rates, the = universe of stocks that you can pick from greatly diminishes. Thus, the = "M" in CANSLIM. =20 WON always says "stay out of the market" when stocks are declining. = What he's saying is, you can't apply CANSLIM as easily when the majority = of the stocks are going down. Why? Because macroevents are driving up = interest rates and/or inflation and these combine to wreak havoc on a = company's earnings. Add that to an environment where people were = mispricing stocks to the upside and you have a recipe for disaster =3D = Big Bad Bear. Plain and simple, but I don't think most people get that, = and certainly not if they've just started investing in CANSLIM since = early 2000.=20 On the other hand, I think it's a disservice to categorize people = investing in '98 or '99, especially if they were new to CANSLIM, as = "throwing darts." While it may be true there were some who did, all the = while calling it CANSLIM because they were reading IBD, there is plenty = of evidence to show that there were many more who were doing their = fundamental homework on these companies and investing in them at the = right time using technicals. There seems to be plenty of people like = that here on the discussion list, and I'd like to think that's why = they're here. Going forward, I believe that the people who follow the = same CANSLIM discipline will outperform the market going forward. That's = not any different than what you are doing, selecting good companies in = good industries with good fundamentals.=20 Swing trading takes advantage of mispricing of stocks in a short = period of time. It works in any market, but it requires trading only on = technicals. A swing trader could care less what the industry is doing or = what the fundamentals are doing. The people who do this, including = yourself, make money when they stick to their discipline. For a CANSLIM = trader, however, the time frame is different. They are looking at = intermediate time periods and technical patterns within them. = Fundamentals matter here. So, during a period of time where earnings are = decelerating, they have the option of staying out of the market or = shorting former winners with deteriorating fundamentals. When the market finally turns in their favor, they will find winning = stocks with accelerating fundamentals and/or proven turnarounds.(One of = the "N"s). But the final move off the bottom is never a CANSLIM play. = The stuff moving off the bottom is either (1) grossly underpriced as a = result of overreaction to the events of 9/11, (2) big cap stocks that = have low growth rates, but are perceived as "safe" investments, (3) = familiar names that people rush to because they were "big winners" in = the last bull. Not a single one of those would qualify as a CANSLIM = stock! I think if people put that in perspective, they say, "I do not = participate in that move because to do so would cause me to act outside = my discipline." In the end, "luck" is about being prepared and taking = the right action when the opportunity presents itself. Respectfully, Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, November 13, 2001 4:27 PM Subject: Re: [CANSLIM] LLURs + Double Bottoms Katherine, I have no doubt that pure CANSLIM will work in an = upward trending market, once it is clearly established. I also know that = if the market continues as it has, CANSLIM is not the answer. I believe = that the IBD/DGO RS data is too slow and the Grp RS slower yet. IBD just = started to graduate their A/D ratings and hopefully they'll do the same = for RS/GrpRS. =20 I also believe in market cycles and know that technology is about = to come in favor. My goal is to identify the best companies in 4 or 5 = industries (competitive advantage, good management, customer acceptance, = new products, blah, blah) .... and because of the last year or so ... = disregard current EPS and RS ratings.. because they'll change = drastically once the orders start rolling in. =20 Back to darts... if one started CANSLIM in 1998 or 1999 most of = their darts managed to find good companies and stuck.... if however = someone started in 2000 (and are still with us) they are wondering what = happened to their darts.... they fall out just when one reaches for a = little profit. =20 In addition to recent trading (since August) of fallen angels, the = only trading style that has really worked for me in 2001 is Swing = Trading with an average 3 day holding period. My watchlist comes from = stocks with =3D> ratings of EPS 77; RS 60 and SMR B. =20 Prefer Fallen Angels over Bottom Fishing even though I've caught = hundreds of fresh water striped bass (prized game fish) in Lake = Texoma... with the bait just 3 turns off the bottom. =20 Gene =20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, November 13, 2001 2:23 PM Subject: Re: [CANSLIM] LLURs + Double Bottoms Gene, I think the difference might be, however--do the darts or = the "good stocks in the right industries emerging from sound bases" give = the most consistent returns over time. If you believe it to be darts, = then you believe in the efficient market hypothesis. If you believe in = the efficient market hypothesis, then you do not believe that a person = can consistently generate excess returns on the market. If that is so, = then why would a person bother to invest in individual stocks at all? = This is not meant as any indictment of you personally by any means, just = that a comment like that seems to negate the whole reason that we choose = to follow a particular trading style--CANSLIM. =20 Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, November 13, 2001 2:06 PM Subject: Re: [CANSLIM] LLURs + Double Bottoms I seem to remember that throwing darts at the IBD newspaper = produced great winners during that time period. Almost like throwing = darts at a list of 'fallen angels' over the past 3 weeks. =20 =20 ----- Original Message -----=20 From: Bill Triffet=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, November 13, 2001 1:51 PM Subject: Re: [CANSLIM] LLURs ----- Original Message ----- From: "Katherine Malm" To: Sent: Tuesday, November 13, 2001 10:55 AM Subject: Re: [CANSLIM] LLURs > I'd agree, Norm. This is the perfect environment for = LLUR's. Most common to > find them in new bulls. If the market hadn't been = suffering, most often, > these stocks would have broken out of more traditional = patterns like flat > bases or C&H. Solid breakouts from these patterns are more = often than not > the strongest players going into a new upswing. If I = remember right, YHOO > and AOL emerged from these patterns coming out of the = correction in late > '98. I seem to remember my best breakouts in late'98 were from = double bottoms (related to the drop in early Oct of that year). I would = expect to see more of these also. -Bill Triffet - -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_0078_01C16C93.C3558A80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Actually, we are only 4 1/2 months away from having = a pretty=20 low bar in terms of 1-year prices for most techs. In the microcap world, = it is=20 even earlier, as Dec 21/22 last year were historical lows.
 
However, CANSLIM has a pretty significant = fundamental=20 component that cannot be ignored. There is no evidence yet that many of = these=20 techs will be showing significantly accelerated EPS in the near future. = Q1 2001=20 wasn't too bad for many of them - meaning we may have to wait for Q3 = 2002 before=20 seeing any growth in the comparables. That is a long time from now to be = gambling with buying them after many have risen 200%+ from their = September/Oct=20 03 lows.
 
Finally - I think it IS important to 'write off' = investing in=20 the tech firms who may have seen secular peaks in their business and = earnings=20 potential. CANSLIM seeks to find stocks where the companies final = potential is=20 still an unknown. JMHO.
 
Ian
 
 
 
 
----- Original Message -----
From:=20 Tangen, Eric
To: 'canslim@lists.xmission.com' =
Sent: Tuesday, November 13, = 2001 4:10=20 PM
Subject: RE: [CANSLIM] LLURs + = Double=20 Bottoms

I=20 think the real question a true CANSLIMMer needs answer for = themselves is=20 - are they going to dismiss tech stock till the 'fallen angles' break = into new=20 highs in the next bull cycle? The NASDAQ bubble has set a 'high jump'=20 indicator that any tech stock is going to be hard pressed to = meet...and if you=20 ignore tech till the next bull charges above NASDAQ 5000 levels, I = think=20 you've  written off investing in tech.
 
Personally, I'm going one float volume back = in time=20 to establish a high...by this analysis, a whole lot of tech = stocks are=20 breaking into new highs, and on good volume, too.

ERIC = TANGEN

-----Original Message-----
From: Katherine Malm=20 [mailto:kmalm@earthlink.net]
Sent: Tuesday, November 13, = 2001 4:50=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 LLURs + Double Bottoms

Looks like we're of like = mind on much of=20 this. I was having a similar discussion with someone just today and = would=20 like to speak to the idea of CANSLIM as a trading = style.
 
The CANSLIM approach comes at a = cost. That is,=20 it is a growth stock investing strategy plain and simple. It says = that if=20 you're going to make a lot of money on a stock, you want to get it = when its=20 growth rate is accelerating. That means that, if you discount that = future=20 accelerating earnings stream to the present, this stock should have = a higher=20 price than a stock that has a low or decelerating growth rate. = Furthermore,=20 the price should appreciate at a faster rate as more information = becomes=20 known about the company, its products and its markets. As a result, = the=20 downside to CANSLIM is that if the majority of stocks in the market = are=20 experiencing decelerating growth rates, the universe of stocks that = you can=20 pick from greatly diminishes. Thus, the "M" in CANSLIM.
 
WON always says "stay out of the = market" when=20 stocks are declining. What he's saying is, you can't apply CANSLIM = as easily=20 when the majority of the stocks are going down. Why? Because = macroevents are=20 driving up interest rates and/or inflation and = these combine to=20 wreak havoc on a company's earnings. Add that to an environment = where people=20 were mispricing stocks to the upside and you have a recipe = for=20 disaster =3D Big Bad Bear. Plain and simple, but I don't think = most=20 people get that, and certainly not if they've just started investing = in=20 CANSLIM since early 2000.
 
On the other hand, I think it's a disservice to categorize = people=20 investing in '98 or '99, especially if they were new to CANSLIM, as=20 "throwing darts." While it may be true there were some who did, all = the=20 while calling it CANSLIM because they were reading IBD, there is = plenty of=20 evidence to show that there were many more who were doing their = fundamental=20 homework on these companies and investing in them at the right time = using=20 technicals. There seems to be plenty of people like that here on the = discussion list, and I'd like to think that's why they're = here. Going=20 forward, I believe that the people who follow the same CANSLIM = discipline=20 will outperform the market going forward. That's not any different = than what=20 you are doing, selecting good companies in good industries with good = fundamentals.
 
Swing trading takes advantage of mispricing of stocks in a = short period=20 of time. It works in any market, but it requires trading only on = technicals.=20 A swing trader could care less what the industry is doing or what = the=20 fundamentals are doing. The people who do this, including yourself, = make=20 money when they stick to their discipline. For a CANSLIM trader, = however,=20 the time frame is different. They are looking at intermediate time = periods=20 and technical patterns within them. Fundamentals matter here. So, = during a=20 period of time where earnings are decelerating, they have the option = of=20 staying out of the market or shorting former winners with = deteriorating=20 fundamentals.
 
When the market finally turns in their favor, they will find = winning=20 stocks with accelerating fundamentals and/or proven turnarounds.(One = of the=20 "N"s). But the final move off the bottom is never a CANSLIM play. = The stuff=20 moving off the bottom is either (1) grossly underpriced as a result = of=20 overreaction to the events of 9/11, (2) big cap stocks that have low = growth=20 rates, but are perceived as "safe" investments, (3) familiar names = that=20 people rush to because they were "big winners" in the last bull. Not = a=20 single one of those would qualify as a CANSLIM stock! I think if = people put=20 that in perspective, they say, "I do not participate in that move = because to=20 do so would cause me to act outside my discipline." In the end, = "luck" is=20 about being prepared and taking the right action when the = opportunity=20 presents itself.
 
Respectfully,
Katherine
 
 
----- Original Message ----- =
From:=20 Gene = Ricci=20
To: canslim@lists.xmission.com =
Sent: Tuesday, November 13, = 2001 4:27=20 PM
Subject: Re: [CANSLIM] = LLURs + Double=20 Bottoms

Katherine, I have no doubt that = pure=20 CANSLIM will work in an upward trending market, once it is clearly = established. I also know that if the market continues as it = has,=20  CANSLIM is not the answer. I believe that the = IBD/DGO RS=20 data is too slow and the Grp RS slower yet. IBD just started to = graduate=20 their A/D ratings and hopefully they'll do the same=20 for RS/GrpRS.
 
I also believe in market cycles = and know=20 that technology is about to come in favor. My goal is to = identify the=20 best companies in 4 or 5 industries (competitive advantage, good=20 management, customer acceptance, new products, blah, blah) .... = and=20 because of the last year or so ... disregard current EPS and RS = ratings..=20 because they'll change drastically once the orders start = rolling=20 in.
 
Back to darts... if one started = CANSLIM in=20 1998 or 1999 most of their darts managed to find good = companies and=20 stuck.... if however someone started in 2000 (and are still with = us) they=20 are wondering what happened to their darts.... they fall out just = when one=20 reaches for a little profit.
 
In addition to recent trading = (since=20 August) of fallen angels, the only trading style that has really = worked=20 for me in 2001 is Swing Trading with an average 3 day holding = period.=20 My watchlist comes from stocks with  =3D> ratings = of EPS 77;=20 RS 60 and SMR B.
 
Prefer Fallen Angels over Bottom = Fishing=20 even though I've caught hundreds of fresh water striped bass = (prized=20 game fish) in Lake Texoma... with the bait just 3 turns off the=20 bottom.
 
Gene
 
 
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com
Sent: Tuesday, November = 13, 2001=20 2:23 PM
Subject: Re: [CANSLIM] = LLURs +=20 Double Bottoms

Gene, I think the difference = might be,=20 however--do the darts or the "good stocks in the right = industries=20 emerging from sound bases" give the most consistent returns over = time.=20 If you believe it to be darts, then you believe in the efficient = market=20 hypothesis. If you believe in the efficient market hypothesis, = then you=20 do not believe that a person can consistently generate excess = returns on=20 the market. If that is so, then why would a person bother to = invest in=20 individual stocks at all? This is not meant as any indictment of = you=20 personally by any means, just that a comment like that seems to = negate=20 the whole reason that we choose to follow a particular trading=20 style--CANSLIM.
 
Katherine
----- Original Message ----- =
From:=20 Gene Ricci=20
To: canslim@lists.xmission.com
Sent: Tuesday, November = 13, 2001=20 2:06 PM
Subject: Re: [CANSLIM] = LLURs +=20 Double Bottoms

I seem to remember that = throwing darts=20 at the IBD newspaper produced great winners during that time = period.=20 Almost like throwing darts at a list of 'fallen angels' over = the past=20 3 weeks.
 
 
----- Original Message ----- =
From:=20 Bill Triffet
To: canslim@lists.xmission.com=20
Sent: Tuesday, = November 13,=20 2001 1:51 PM
Subject: Re: = [CANSLIM]=20 LLURs


----- Original Message -----
From: = "Katherine=20 Malm" <kmalm@earthlink.net>
To:=20 <canslim@lists.xmission.com= >
Sent:=20 Tuesday, November 13, 2001 10:55 AM
Subject: Re: = [CANSLIM]=20 LLURs


> I'd agree, Norm. This is the perfect=20 environment for LLUR's. Most common
to
> find them = in new=20 bulls. If the market hadn't been suffering, most = often,
>=20 these stocks would have broken out of more traditional = patterns like=20 flat
> bases or C&H. Solid breakouts from these = patterns=20 are more often than not
> the strongest players going = into a=20 new upswing. If I remember right, YHOO
> and AOL = emerged from=20 these patterns coming out of the correction in late
>=20 '98.

I seem to remember my best breakouts in late'98 = were=20 from double bottoms
(related to the drop in  early = Oct of=20 that year). I would expect to see more
of these=20 also.

-Bill Triffet


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" = or
-"unsubscribe=20 canslim".  Do not use quotes in your=20 = email.
- ------=_NextPart_000_0078_01C16C93.C3558A80-- - - - -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 #1815 ****************************** 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.