From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1851 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 Tuesday, November 27 2001 Volume 02 : Number 1851 In this issue: [CANSLIM] DYII, HRH [CANSLIM] OCLR RE: [CANSLIM]buying LLUR [CANSLIM] JJSF & STW & Re: [CANSLIM] Deja Vu, all over again Re: [CANSLIM]buying LLUR Re: [CANSLIM]buying LLUR ---------------------------------------------------------------------- Date: Mon, 26 Nov 2001 18:10:30 GMT From: "Boyd" Subject: [CANSLIM] DYII, HRH DYII finally broke out, on great vol. HRH trying ot follow suit, but on suspect vol. 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: Mon, 26 Nov 2001 19:21:43 -0600 From: "Norman" Subject: [CANSLIM] OCLR For those of you who were watching/considering this one; it was written up in IBD for Tuesday's edition. Caveat Emptor! 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: Mon, 26 Nov 2001 20:17:19 -0600 From: "John Adair" Subject: RE: [CANSLIM]buying LLUR This is a multi-part message in MIME format. - ------=_NextPart_000_0044_01C176B7.59ABAB40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit I would appreciate someone telling how to deal with a chart pattern LLUR. So many of the stocks in the IBD daily screens have this pattern. Assuming the checkup is goon and earnings are good would the pattern dissuade you from the stock. Do you wait for a pull back while the stock roars ahead. Pardon me if this has been covered previously. John Adair - ------=_NextPart_000_0044_01C176B7.59ABAB40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

I would appreciate someone telling how to deal with a chart = pattern LLUR. So many of the stocks in = the IBD daily screens have this pattern. Assuming the checkup is goon and earnings are good = would the pattern dissuade you from the stock. Do you wait for a pull back while the stock roars ahead. = Pardon me if this has been covered previously.

John Adair

<= /p>

- ------=_NextPart_000_0044_01C176B7.59ABAB40-- - - - -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, 26 Nov 2001 23:37:44 EST From: Vanchee1@aol.com Subject: [CANSLIM] JJSF & STW & - --part1_120.7c076e0.29347298_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit JJSF, STW and APOG all looking good. Chris. - --part1_120.7c076e0.29347298_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit JJSF, STW and APOG all looking good.

Chris. - --part1_120.7c076e0.29347298_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 27 Nov 2001 08:10:23 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Deja Vu, all over again This is a multi-part message in MIME format. - ------=_NextPart_000_000A_01C1771A.F73FE7A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I would also contribute. The decision is Jeff Salisbury's as list owner, but I think it's time = for IBD to 'fess up, and at least credit us, if not also pay Jeff some = royalties for all the material they have harvested here for commercial = purposes. I also disagree that this is a "public forum" since the general public = cannot simply plug in and read what we post. They must first register, = and should have to agree to certain terms and conditions as part of = their presence here. By proceeding with registration, they would be = agreeing with those terms and conditions. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Tangen, Eric=20 To: 'canslim@lists.xmission.com'=20 Sent: Monday, November 26, 2001 12:46 PM Subject: RE: [CANSLIM] Deja Vu, all over again I for one would chip in a few buck to register this forum as a legal = entity if that is what it would take to get some attribution for the = great work that appears first here and then, mysteriously, in Investor's = Corner. ERIC TANGEN=20 -----Original Message----- From: Tom Worley [mailto:stkguru@netside.net] Sent: Saturday, November 24, 2001 7:00 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Deja Vu, all over again I don't subscribe to IBD, nor have for many years. And I certainly = would not now, with them using our ideas and discussions to present as = if original material from their writers. Even if it is legal, and I have = doubts about that, it certainly is unethical to do so without = attribution. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Saturday, November 24, 2001 6:59 PM Subject: Re: [CANSLIM] Deja Vu, all over again Nice try Tom.... but no dice. I have a lawyer friend that said we = would have to become a legal entity and not be a public forum... and all = that stuff. Once info is published here is becomes part of the public = domain..... unless it is pirated from a copyrighted source....=20 =20 Question: If IBD gets their material from this board, why do you = subscribe to IBD? I dropped my subscription about 3 months ago....=20 =20 =20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Saturday, November 24, 2001 2:04 PM Subject: Re: [CANSLIM] Deja Vu, all over again There must be at least one lawyer in this group that can tell us = if it's legal for IBD writers to lurk in this group, then use our = thoughts and ideas as the source of columns written for commercial = purposes without permission or attribution. And if it's legal, then I would suggest that Jeff add to the = automated footer something like DGO uses on their Custom Screens. For = example, the footer could read: -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. -All correspondence and discussion here is considered the = intellectual property of this group collectively and individually. Your = presence here is strictly for your personal use and nothing expressed = here is to be used for any commercial or other purposes, including = source materials, ideas or inspirations for articles in Investors = Business Daily, without the written consent of the List Owner. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: esetser=20 To: canslim@xmission.com=20 Sent: Saturday, November 24, 2001 1:52 PM Subject: [CANSLIM] Deja Vu, all over again Looking at today's Investor's Corner, I got a solid case of = Deja Vu. It is discussing the TARO breakout and breakdown, and points out = other failures in the same group that should have been a solid warning. =20 Hmm, I don't remember this warning from IBD before it failed, = but I do seem to remember a similar discussion here. Good call Katherine!! = Oh, and maybe you should call IBD about using your = Intellectual Property? Nah, just kidding. - ------=_NextPart_000_000A_01C1771A.F73FE7A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

I would also contribute.

The decision is Jeff Salisbury's as list owner, but = I think=20 it's time for IBD to 'fess up, and at least credit us, if not also pay = Jeff some=20 royalties for all the material they have harvested here for commercial=20 purposes.

I also disagree that this is a "public forum" since = the=20 general public cannot simply plug in and read what we post. They must = first=20 register, and should have to agree to certain terms and conditions as = part of=20 their presence here. By proceeding with registration, they would be = agreeing=20 with those terms and conditions.

Tom Worley
stkguru@netside.net
AIM:=20 TexWorley

----- Original Message -----
From:=20 Tangen, Eric
To: 'canslim@lists.xmission.com' =

Sent: Monday, November 26, 2001 = 12:46=20 PM

Subject: RE: [CANSLIM] Deja Vu, = all over=20 again

I for one would chip in a few buck to = register=20 this forum as a legal entity if that is what it would take to get some = attribution for the great work that appears first here and then, = mysteriously,=20 in Investor's Corner.

ERIC = TANGEN

-----Original Message-----
From: Tom Worley [mailto:stkguru@netside.net]
Sent:=20 Saturday, November 24, 2001 7:00 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Deja Vu, = all=20 over again

I don't subscribe to IBD, nor have for many = years. And I=20 certainly would not now, with them using our ideas and discussions = to=20 present as if original material from their writers. Even if it is = legal, and=20 I have doubts about that, it certainly is unethical to do so without = attribution.

Tom Worley
stkguru@netside.net
AIM:=20 TexWorley

----- Original Message ----- =
From:=20 Gene = Ricci=20
To: canslim@lists.xmission.com =

Sent: Saturday, November = 24, 2001=20 6:59 PM

Subject: Re: [CANSLIM] Deja = Vu, all=20 over again

Nice try Tom.... but no dice. I = have a=20 lawyer friend that said we would have to become a = legal entity=20 and not be a public forum... and all that stuff. Once info is = published=20 here is becomes part of the public domain..... unless it is = pirated from a=20 copyrighted source....

Question: If IBD gets their = material=20 from this board, why do you subscribe to IBD? I dropped my = subscription=20 about 3 months ago....

----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com

Sent: Saturday, November = 24, 2001=20 2:04 PM

Subject: Re: [CANSLIM] = Deja Vu, all=20 over again

There must be at least one lawyer in this = group that=20 can tell us if it's legal for IBD writers to lurk in this group, = then=20 use our thoughts and ideas as the source of columns written for=20 commercial purposes without permission or = attribution.

And if it's legal, then I would suggest that = Jeff add=20 to the automated footer something like DGO uses on their Custom = Screens.=20 For example, the footer could read:

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

-All correspondence and discussion = here is=20 considered the intellectual property of this group collectively = and=20 individually. Your presence here is strictly for your personal = use and=20 nothing expressed here is to be used for any commercial or = other=20 purposes, including source materials, ideas or inspirations for = articles=20 in Investors Business Daily, without the written consent of the = List=20 Owner.

Tom Worley
stkguru@netside.net
AIM:=20 TexWorley

----- Original Message ----- =
From:=20 esetser=20
To: canslim@xmission.com

Sent: Saturday, = November 24, 2001=20 1:52 PM

Subject: [CANSLIM] Deja = Vu, all=20 over again

Looking at today's Investor's Corner, I got a = solid=20 case of Deja Vu. It is
discussing the TARO breakout = and=20 breakdown, and points out other failures
in the same group = that=20 should have been a solid warning.

Hmm, I don't = remember=20 this warning from IBD before it failed, but I do seem
to = remember a=20 similar discussion here. Good call Katherine!! =

Oh,=20 and maybe you should call IBD about using your Intellectual=20 Property?
Nah, just=20 = kidding.

<= /BLOCKQUOTE> - ------=_NextPart_000_000A_01C1771A.F73FE7A0-- - - - -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, 27 Nov 2001 08:21:43 -0500 From: "Tom Worley" Subject: Re: [CANSLIM]buying LLUR This is a multi-part message in MIME format. - ------=_NextPart_000_001E_01C1771C.8C1599A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable John, The key to dealing with a LLUR pattern, and they are not right for = everyone, is recognizing that it is a "range bound" stock. But the = difference is that the "range" is inclining up. Thus, if you just buy = and hold, and it maintains its pattern, then you make money. The = operative phrase here, of course, is "it maintains its pattern". Should = the pattern change, and that includes a breakout that takes it beyond = its trading range, then you should be ready to exit quickly. Any = violation of the pattern up or down is an excuse for exiting, because = you are buying the consistency of the pattern (combined, of course with = good and accelerating earnings, revenue growth, good "M", good industry = sector, or whichever other CANSLIM criteria you consider most = important). The "range" is determined by drawing one line along the highs, and the = other along the lows. Ideally these two lines will be essentially = parallel. If you want to trade the stock short term, then entry is on = the lower range, exit on the upper range. If you are investing mid to = long term, then the ideal entry is again on the lower line, then hold as = it ranges ever higher. The 50 DMA has often appeared to mark the lower side of the range, altho = you can test other Moving Averages to see if they fit better. Remember that LLUR is not an approved, sanctioned, Bill O'Neil certified = pattern altho some time ago IBD seemed to be trying to describe it using = a different name. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: John Adair=20 To: canslim@lists.xmission.com=20 Sent: Monday, November 26, 2001 9:17 PM Subject: RE: [CANSLIM]buying LLUR I would appreciate someone telling how to deal with a chart pattern = LLUR. So many of the stocks in the IBD daily screens have this pattern. = Assuming the checkup is goon and earnings are good would the pattern = dissuade you from the stock. Do you wait for a pull back while the = stock roars ahead. Pardon me if this has been covered previously. John Adair=20 =20 =20 - ------=_NextPart_000_001E_01C1771C.8C1599A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

John,

The key to dealing with a LLUR pattern, and they are = not right=20 for everyone, is recognizing that it is a "range bound" stock. But the=20 difference is that the "range" is inclining up. Thus, if you just buy = and hold,=20 and it maintains its pattern, then you make money. The operative phrase = here, of=20 course, is "it maintains its pattern". Should the pattern change, and = that=20 includes a breakout that takes it beyond its trading range, then you = should be=20 ready to exit quickly. Any violation of the pattern up or down is an = excuse for=20 exiting, because you are buying the consistency of the pattern = (combined, of=20 course with good and accelerating earnings, revenue growth, good "M", = good=20 industry sector, or whichever other CANSLIM criteria you consider most=20 important).

The "range" is determined by drawing one line along = the highs,=20 and the other along the lows. Ideally these two lines will be = essentially=20 parallel. If you want to trade the stock short term, then entry is = on the=20 lower range, exit on the upper range. If you are investing mid to long = term,=20 then the ideal entry is again on the lower line, then hold as it ranges = ever=20 higher.

The 50 DMA has often appeared to mark the lower side = of the=20 range, altho you can test other Moving Averages to see if they fit=20 better.

Remember that LLUR is not an approved, sanctioned, = Bill O'Neil=20 certified pattern altho some time ago IBD seemed to be trying to = describe it=20 using a different name.

Tom Worley
stkguru@netside.net
AIM:=20 TexWorley

----- Original Message -----

From:=20 John=20 Adair

To: canslim@lists.xmission.com =

Sent: Monday, November 26, 2001 = 9:17=20 PM

Subject: RE: [CANSLIM]buying = LLUR

I=20 would appreciate someone telling how to deal with a chart pattern = LLUR. So=20 many of the stocks in = the IBD=20 daily screens have this pattern. Assuming the checkup is goon = and=20 earnings are good would the pattern dissuade you from the stock. Do = you wait=20 for a pull back while = the stock=20 roars ahead. Pardon me if this has been covered previously.

John=20 Adair

- ------=_NextPart_000_001E_01C1771C.8C1599A0-- - - - -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, 27 Nov 2001 07:43:26 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM]buying LLUR This is a multi-part message in MIME format. - ------=_NextPart_000_0065_01C17717.332C9F00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom, I've been thinking a great deal about this LLUR pattern since joining = the group and thought I might add a slightly different point of view. I see the Ascending Base and LLUR as very different in nature. The stock in an LLUR is a stock that has already created a low level = base at some point and is in a long uptrend. The ascent is range bound = and has very low volatility. For the investor, this allows entry into = the pattern with some degree of certainty, even though they are not = entering as the stock is coming out of a basing pattern. For the swing = trader, it gives a defined area for shorting at the top of the range = and/or going long at the bottom of the range. Once a stock has finished = its ascent, it will breakaway from this upward pattern and either move = sideways into a new consolidation, then either breakout into a new = ascent or breakdown into a decline phase. The ascending base, however is a pattern that, under certain conditions, = might have been a flat base. However, if the market is a bit iffy or = there is pending news on the stock or industry as yet unresolved, this = will force the normally flat basing pattern into a bit of an incline. = Under these conditions, the investor would *not* want to enter until the = basing pattern was resolved. So, you would look for a solid break out = from the pattern on high volume, just as with any other. Katherine ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, November 27, 2001 7:21 AM Subject: Re: [CANSLIM]buying LLUR John, The key to dealing with a LLUR pattern, and they are not right for = everyone, is recognizing that it is a "range bound" stock. But the = difference is that the "range" is inclining up. Thus, if you just buy = and hold, and it maintains its pattern, then you make money. The = operative phrase here, of course, is "it maintains its pattern". Should = the pattern change, and that includes a breakout that takes it beyond = its trading range, then you should be ready to exit quickly. Any = violation of the pattern up or down is an excuse for exiting, because = you are buying the consistency of the pattern (combined, of course with = good and accelerating earnings, revenue growth, good "M", good industry = sector, or whichever other CANSLIM criteria you consider most = important). The "range" is determined by drawing one line along the highs, and the = other along the lows. Ideally these two lines will be essentially = parallel. If you want to trade the stock short term, then entry is on = the lower range, exit on the upper range. If you are investing mid to = long term, then the ideal entry is again on the lower line, then hold as = it ranges ever higher. The 50 DMA has often appeared to mark the lower side of the range, = altho you can test other Moving Averages to see if they fit better. Remember that LLUR is not an approved, sanctioned, Bill O'Neil = certified pattern altho some time ago IBD seemed to be trying to = describe it using a different name. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: John Adair=20 To: canslim@lists.xmission.com=20 Sent: Monday, November 26, 2001 9:17 PM Subject: RE: [CANSLIM]buying LLUR I would appreciate someone telling how to deal with a chart pattern = LLUR. So many of the stocks in the IBD daily screens have this pattern. = Assuming the checkup is goon and earnings are good would the pattern = dissuade you from the stock. Do you wait for a pull back while the = stock roars ahead. Pardon me if this has been covered previously. John Adair=20 =20 =20 - ------=_NextPart_000_0065_01C17717.332C9F00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Tom,

I've been thinking a great deal about = this LLUR=20 pattern since joining the group and thought I might add a slightly = different=20 point of view.

I see the Ascending Base and LLUR as = very different=20 in nature.

The stock in an LLUR is a stock that = has already=20 created a low level base at some point and is in a long uptrend. The = ascent is=20 range bound and has very low volatility. For the investor, this allows = entry=20 into the pattern with some degree of certainty, even though they are not = entering as the stock is coming out of a basing pattern. For the swing = trader,=20 it gives a defined area for shorting at the top of the range and/or = going long=20 at the bottom of the range. Once a stock has finished its ascent, it = will=20 breakaway from this upward pattern and either move sideways into a new=20 consolidation, then either breakout into a new ascent or breakdown into = a=20 decline phase.

The ascending base, however is = a pattern that,=20 under certain conditions, might have been a flat base. However, if the = market is=20 a bit iffy or there is pending news on the stock or industry as yet = unresolved,=20 this will force the normally flat basing pattern into a bit of an = incline. Under=20 these conditions, the investor would *not* want to enter until the = basing=20 pattern was resolved. So, you would look for a solid break out from the = pattern=20 on high volume, just as with any other.

Katherine

----- Original Message -----
From:=20 Tom = Worley=20
To: canslim@lists.xmission.com=

Sent: Tuesday, November 27, = 2001 7:21=20 AM

Subject: Re: [CANSLIM]buying = LLUR

John,

The key to dealing with a LLUR pattern, and they = are not=20 right for everyone, is recognizing that it is a "range bound" stock. = But the=20 difference is that the "range" is inclining up. Thus, if you just buy = and=20 hold, and it maintains its pattern, then you make money. The operative = phrase=20 here, of course, is "it maintains its pattern". Should the pattern = change, and=20 that includes a breakout that takes it beyond its trading range, then = you=20 should be ready to exit quickly. Any violation of the pattern up or = down is an=20 excuse for exiting, because you are buying the consistency of the = pattern=20 (combined, of course with good and accelerating earnings, revenue = growth, good=20 "M", good industry sector, or whichever other CANSLIM criteria you = consider=20 most important).

The "range" is determined by drawing one line = along the=20 highs, and the other along the lows. Ideally these two lines will be=20 essentially parallel. If you want to trade the stock short term, = then=20 entry is on the lower range, exit on the upper range. If you are = investing mid=20 to long term, then the ideal entry is again on the lower line, then = hold as it=20 ranges ever higher.

The 50 DMA has often appeared to mark the lower = side of the=20 range, altho you can test other Moving Averages to see if they fit=20 better.

Remember that LLUR is not an approved, sanctioned, = Bill=20 O'Neil certified pattern altho some time ago IBD seemed to be trying = to=20 describe it using a different name.

Tom Worley
stkguru@netside.net
AIM:=20 TexWorley

----- Original Message -----
From:=20 John=20 Adair
To: canslim@lists.xmission.com= =20

Sent: Monday, November 26, = 2001 9:17=20 PM

Subject: RE: [CANSLIM]buying = LLUR

I=20 would appreciate someone telling how to deal with a chart pattern = LLUR. So=20 many of the stocks in = the IBD=20 daily screens have this pattern. Assuming the checkup is = goon and=20 earnings are good would the pattern dissuade you from the stock. Do = you wait=20 for a pull back while = the stock=20 roars ahead. Pardon me if this has been covered previously.

John=20 Adair

= - ------=_NextPart_000_0065_01C17717.332C9F00-- - - - -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 #1851 ****************************** 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.