From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #198 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk X-No-Archive: yes canslim-digest Monday, April 20 1998 Volume 02 : Number 198 In this issue: RE: [CANSLIM] institutional ownership [CANSLIM] MF on BigCharts Re: [CANSLIM] Has anyone else has the same problem with DG Online? Re: [CANSLIM] LSON RE: [CANSLIM] MF on BigCharts [CANSLIM] Greenbean!!! Re: [CANSLIM] PAYX[OBV/MF] [CANSLIM] Some additions to my watch list Re: [CANSLIM] Weekend Sift Re: [CANSLIM] Greenbean!!! Re: [CANSLIM] Some additions to my watch list [CANSLIM] Buy Side - New IBD feature. Re: [CANSLIM] Weekend Sift Re: [CANSLIM] Some additions to my watch list [CANSLIM] Daily Graphs Beta Re: [CANSLIM] Daily Graphs Beta Re: [CANSLIM] LSON Re: [CANSLIM] Daily Graphs Beta [CANSLIM] Fwd: RE: Support Call (was Daily Graphs Beta) RE: [CANSLIM] institutional ownership Re: [CANSLIM] Daily Graphs Beta RE: [CANSLIM] BELF RE: [CANSLIM] MF on BigCharts Re: [CANSLIM] Greenbean!!! Re: [CANSLIM] Daily Graphs Beta Re: [CANSLIM] Has anyone else has the same problem with DG Online? Re: [CANSLIM] LSON [CANSLIM] World Markets Re: [CANSLIM] institutional ownership ---------------------------------------------------------------------- Date: Sun, 19 Apr 1998 18:47:19 -0500 From: Joan Sherman Subject: RE: [CANSLIM] institutional ownership Thanks, Lucy, i'll check it out. Joan Sherman /\~~~/\ /\~~~/\ /\~~~/\ /\~/\ /\~/\ and the gang ** ** ** ** ** Support Animal Rescue - - ------------------------------ Date: Sun, 19 Apr 1998 20:17:33 -0500 From: Bill Subject: [CANSLIM] MF on BigCharts There seems to be a number of different interpretations of what the Money Flow (MF) indicator on BigCharts respresents and it seems that their recent update has also changed the Help file explaining their interpretation. According to www.equis.com/free/taz/moneyflow.html MF is calculated as Typical Price x Volume. Typical Price = (High + Low + Close) / 3. If the Typical Price (TP) is greater than yesterday's TP then the MF is considered to be positive. If the TP was less than yesterday's, then that was negative. BC says that a positive MF must have a CLOSING price higher than yesterday's closing price and likewise, if the CLOSING price is lower, then its a negative MF. Who is right and does it make a difference when we apply the indicator to our evaluation of possible candidates? Bill-->> - - ------------------------------ Date: Sun, 19 Apr 1998 20:56:03 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Has anyone else has the same problem with DG Online? Hi Johan, The way I am configured, I switch by clicking on the buttons at the bottom of my screen (I'm using IE 4.0), altho the few times I switched apps by alt-tab I had no problem. However, when I print a chart, my DG screens locks until the chart is printed, so rather than wait I often switch apps and do something else. If I switch back while printing it often is blank, but the screen automatically restores upon completion of the print job. Tom W - -----Original Message----- From: Johan Van Houtven To: canslim@lists.xmission.com Date: Sunday, April 19, 1998 3:49 PM Subject: [CANSLIM] Has anyone else has the same problem with DG Online? >I have send the following problem report to DG Online: > >=== > >When I ALT-TAB between applications (Eudora 3.0.2 Light/Netscape 4.04 and >Daily Graphs) sometimes (approx 1 in 3 times) all data disppears from the >Daily Graphs window. In other words Daily Graphs looks like when you first >start-up the program and coonect to the server. > >Then you type in a stock symbol for example. I Alt-TAB or switch between >applications and when I get back to Daily Graphs all the text and chart >data are gone. This is very annoying. > >I'm using the DG version from a few weeks ago. > >I have it on both computers I use. > >Any suggestions? > >Thank you. > >=== > >Has anyone else here experienced anything similar with DG Online? > >Johan Van Houtven >CLICK! N.V. / Wilrijk, Belgium > - - ------------------------------ Date: Sun, 19 Apr 1998 21:05:24 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] LSON Chart and CS elements look decent, but it has had four easy earnings comparisons. From here on out, comparisons will be much tougher. I also note that over the past 12 months, revenues are increasing faster (40%) than earnings (20%) which suggests to me that the upcoming report will not have as strong a year to year comparison. Tom W - -----Original Message----- From: Patrick Wahl To: canslim@lists.xmission.com Date: Sunday, April 19, 1998 2:57 PM Subject: [CANSLIM] LSON Lason (LSON) is forming a short base/flag sort of thing. Group RS is 98, might be good for a short term trade. Earnings due on 4/22. - - - - ------------------------------ Date: Sun, 19 Apr 1998 18:16:41 -0700 From: Mike Lucero Subject: RE: [CANSLIM] MF on BigCharts Perhaps BigCharts has changed their help files. I don't see the part about today's close being higher than yesterday's. Two similar indicators at BigCharts are MoneyFlow and Volume Accumulation. MoneyFlow increases when the Close is above the Open. Volume Accumulation uses High, Low and Close. "Technical Analysis from A to Z" (www.equis.com/free/taz/) describes two indicators called "Accumulation/Distribution" and "Money Flow Index". "Trading For a Living" gives the indicators similar names. If you believe these two sources, then BigCharts seems to have the names switched. Mike On Sunday, April 19, 1998 6:18 PM, Bill [SMTP:wgs@earthlink.net] wrote: > There seems to be a number of different interpretations of what the Money > Flow (MF) indicator on BigCharts respresents and it seems that their recent > update has also changed the Help file explaining their interpretation. > > According to www.equis.com/free/taz/moneyflow.html MF is calculated as > Typical Price x Volume. Typical Price = (High + Low + Close) / 3. If the > Typical Price (TP) is greater than yesterday's TP then the MF is considered > to be positive. If the TP was less than yesterday's, then that was negative. > > BC says that a positive MF must have a CLOSING price higher than > yesterday's closing price and likewise, if the CLOSING price is lower, then > its a negative MF. > > Who is right and does it make a difference when we apply the indicator to > our evaluation of possible candidates? > > Bill-->> > > > > > > - > > - - ------------------------------ Date: Sun, 19 Apr 1998 21:24:42 -0400 From: "Carlos E. Fernandez-Touzon" Subject: [CANSLIM] Greenbean!!! My name is Carlos and I am a green bean when it comes to placing MY money in the market. But I am only 23 and have a good job so I have some dough to save. My uncle got me my first subscription to IBD and I have read WON's book about 4 times. A lot of CAN-SLIM seems fairly intuitive to me, with certain exceptions. Namely, timing market action and certain stock patterns. Can anyone out there turn me to another book that can give me the how and why's behind some of the technical charting? Like how you can tell the the difference between a failing move of a base and a shake-out? Does the IBD library have anything? I would rather not learn by losing my IRA savings :) Also is subscribing to daily graphs necessary? It seems to be a little to expensive for someone only having a few dollars in the market. Can't I just use "Stocks in the News" to find some good securities? Need a lot information and a little help!!! Carlos - - ------------------------------ Date: Sun, 19 Apr 1998 21:26:17 -0400 From: Neil Himber Subject: Re: [CANSLIM] PAYX[OBV/MF] Hi: I read your post about payx. What is an MF negative divergence and what does EMA stand for. Are you saying that Paychex is not a good prospect at this time? Thanks Neil Johan Van Houtven wrote: > Another nice MF negative divergence can been seen in the MF chart of TDFX. > > MF has been tracking price until last Friday. MF down very significantly > and price up very significantly. > > It also closed down Friday after opening at the high for the day. > > TDFX had blow out earnings, but I would not be surprised that 'biggies' are > selling into the strenght because of increasing competition on the horizon. > Even though TDFX is the clear leader of the pack at the moment one has to > ask if this is going to stay this way much longer. Even INTC is entering > the area for graphics chips. > > Needless to say I'm selling Monday. > > At 01:01 PM 19-04-98 -0400, you wrote: > >Members-- > > > >PAYX was mentioned today as a promising Canslim stock. Whether you > >follow comment on OBV/MF indicators or not, you might, just as a point > >of concern, note that MF has been in negative divergence for at least > >three months. > > > >Such a long negative divergence is always a marker to carefully watch > >the next correction no matter how normal it may appear. > > > >The EMA is giving its first sell signal in over two months. > > > > > >- > > > > > > Johan Van Houtven > CLICK! N.V. / Wilrijk, Belgium > > - - - ------------------------------ Date: Sun, 19 Apr 1998 21:27:13 -0400 From: "Tom Worley" Subject: [CANSLIM] Some additions to my watch list As always, these are from Thu and Fri new NASDAQ highs, under $20, with (I think) all having an RS of 90 or better and an EPS of 75 or better. AWRD, EATS, TTILF, MTON, ACAM, BOYD The disruption in my personal life caused me to miss FTIC breaking out, but I still like it and might act on it if it pulls back to a second entry point. It looks to extended here. I have not yet done full review of these, nor looked at them at BC, just at DGO. Because I am trying to stay in cash, I am less likely to buy anything right now till I have a job, but trying to at least get back in practice of looking. Tom W - - ------------------------------ Date: Sun, 19 Apr 1998 21:22:13 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Weekend Sift Joe, there's a cash buyout offer on the table from January for $10.50/share for the remaining 30% of the shares of BTF still in public hands. The offer is from KNF BT (which already owns the other 70%). With the stock at $12, I see little upside potential, and substantial downside since the offering entity already has control and can insist that $10.50 is a fair price. Again, the chart pattern is distinctive of an existing buyout. Tom W - -----Original Message----- From: Joe Scott To: CANSLIM Date: Sunday, April 19, 1998 3:16 PM Subject: [CANSLIM] Weekend Sift In order of how much I like its look, startin at top. WSTF, DY, QMRK, UNFI, KELL, ASTX, PK, BTF, CYLK, TNL, and just added LSON, (nice chart). - - ------------------------------ Date: Sun, 19 Apr 1998 21:36:24 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Greenbean!!! Welcome, Carlos. Having a subscription to IBD will at least give you some of the necessary CS data. Being able to access Daily Graphs (either book or online) will obviously give you far more. Yes, DG is very expensive, esp without any screening software. We are trying to negotiate a group rate so many of us can continue to use it (right now it is in beta so it's free, but this should end any time). If you have not ever looked at a Daily Graph, one thing you can do if you don't want to try the beta site is to take the trial subscription to the books. It costs $14 for one book (either NYSE or NASDAQ/AMEX) or $28 for both, plus $15 shipping and handling in either case. The trial is for five wekly books. This is what I will likely do when the beta period is over to buy me some more time (800-472-7479). In any case, there is far more to CANSLIM picking than "stocks in the news". Tom W - -----Original Message----- From: Carlos E. Fernandez-Touzon To: canslim@lists.xmission.com Date: Sunday, April 19, 1998 9:24 PM Subject: [CANSLIM] Greenbean!!! > > >My name is Carlos and I am a green bean when it comes to placing MY money >in the market. But I am only 23 and have a good job so I have some dough >to save. My uncle got me my first subscription to IBD and I have read >WON's book about 4 times. A lot of CAN-SLIM seems fairly intuitive to me, >with certain exceptions. Namely, timing market action and certain stock >patterns. Can anyone out there turn me to another book that can give me >the how and why's behind some of the technical charting? Like how you can >tell the the difference between a failing move of a base and a shake-out? >Does the IBD library have anything? I would rather not learn by losing my >IRA savings :) Also is subscribing to daily graphs necessary? It seems >to be a little to expensive for someone only having a few dollars in the >market. Can't I just use "Stocks in the News" to find some good >securities? Need a lot information and a little help!!! > >Carlos > > >- > - - ------------------------------ Date: Sun, 19 Apr 1998 21:00:36 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Some additions to my watch list Phoenix Technologies Plans to Acquire Award Software ( AWRD), per Friday, April 17 edition of IBD. Offering stock valued at $15.31/share. Frank Wolynski At 21:27 4/19/98 -0400, Tom Worley wrote: >As always, these are from Thu and Fri new NASDAQ highs, under $20, >with (I think) all having an RS of 90 or better and an EPS of 75 or >better. > >AWRD, EATS, TTILF, MTON, ACAM, BOYD > >The disruption in my personal life caused me to miss FTIC breaking >out, but I still like it and might act on it if it pulls back to a >second entry point. It looks to extended here. > >I have not yet done full review of these, nor looked at them at BC, >just at DGO. Because I am trying to stay in cash, I am less likely to >buy anything right now till I have a job, but trying to at least get >back in practice of looking. > >Tom W > > > >- > > - - ------------------------------ Date: Sun, 19 Apr 1998 21:07:36 -0400 From: "Frank V. Wolynski" Subject: [CANSLIM] Buy Side - New IBD feature. I haven't seen a message regarding the new features started by IBD in the Friday, April 17 paper. If you are not aware of it, in the second section, there is a listing of 325 stocks sorted by combination EPS+RS. This list is compiled from filings made by funds whose IBD rankings place them as A+, A or A-. It is an interesting list with most every group represented. Be sure an check it out. Frank Wolynski - - ------------------------------ Date: Sun, 19 Apr 1998 20:59:01 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] Weekend Sift This is a multi-part message in MIME format. - ------=_NextPart_000_00A9_01BD6BD5.FB0ED020 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks Tom,=20 BTF sifted out.. don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - ------=_NextPart_000_00A9_01BD6BD5.FB0ED020 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks Tom,
BTF sifted out..
 
don't know a thing
joe
 
joe@2fords.net
http://www.2fords.net/joe/<= /DIV> - ------=_NextPart_000_00A9_01BD6BD5.FB0ED020-- - - ------------------------------ Date: Sun, 19 Apr 1998 22:03:14 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Some additions to my watch list Absolutely correct, Frank. Strike AWRD from my list. At least I did say I hadn't done my homework yet. Oh well. Tom W - -----Original Message----- From: Frank V. Wolynski To: canslim@lists.xmission.com ; CANSLIM Date: Sunday, April 19, 1998 9:42 PM Subject: Re: [CANSLIM] Some additions to my watch list >Phoenix Technologies Plans to Acquire Award Software ( AWRD), per >Friday, April 17 edition of IBD. >Offering stock valued at $15.31/share. > >Frank Wolynski > >At 21:27 4/19/98 -0400, Tom Worley wrote: >>As always, these are from Thu and Fri new NASDAQ highs, under $20, >>with (I think) all having an RS of 90 or better and an EPS of 75 or >>better. >> >>AWRD, EATS, TTILF, MTON, ACAM, BOYD >> >>The disruption in my personal life caused me to miss FTIC breaking >>out, but I still like it and might act on it if it pulls back to a >>second entry point. It looks to extended here. >> >>I have not yet done full review of these, nor looked at them at BC, >>just at DGO. Because I am trying to stay in cash, I am less likely to >>buy anything right now till I have a job, but trying to at least get >>back in practice of looking. >> >>Tom W >> >> >> >>- >> >> > >- > - - ------------------------------ Date: Mon, 20 Apr 1998 09:16:17 +0000 From: Peter Christiansen Subject: [CANSLIM] Daily Graphs Beta Anyone know if you can still beta Daily Graphs free of charge? I was trying to sign up, but it looks like they are going to charge me. Peter Christiansen Chiang Mai - Thailand - - ------------------------------ Date: Sun, 19 Apr 1998 22:22:37 -0400 From: Tom Worley Subject: Re: [CANSLIM] Daily Graphs Beta I just downloaded the latest version tonight and am still getting in for free. The last word I had from them several weeks ago was once they went commercial they would first cancel all beta passwords, then you would have to authorize the credit card charge if you had already given them that info, or send in a check if paying that way, before a password would be reactivated. If anyone else has heard differently, or gotten a specifc date they're going commercial, please post. Tom W - -----Original Message----- From: Peter Christiansen To: canslim@lists.xmission.com Date: Sunday, April 19, 1998 10:14 PM Subject: [CANSLIM] Daily Graphs Beta >Anyone know if you can still beta Daily Graphs free of charge? I was >trying to sign up, but it looks like they are going to charge me. > >Peter Christiansen >Chiang Mai - Thailand > >- > - - ------------------------------ Date: Sun, 19 Apr 1998 20:01:55 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] LSON > From: "Tom Worley" > To: > Chart and CS elements look decent, but it has had four easy earnings > comparisons. From here on out, comparisons will be much tougher. I > also note that over the past 12 months, revenues are increasing faster > (40%) than earnings (20%) which suggests to me that the upcoming > report will not have as strong a year to year comparison. Hmmm, numbers I have from the online DG says that over the most recent two quarters, earnings were up more than sales, up 92% and up 73%, while sales were up 48% and 63%. We seem to be talking about a different stock somehow. - - ------------------------------ Date: Sun, 19 Apr 1998 23:09:11 -0400 From: "bamend" Subject: Re: [CANSLIM] Daily Graphs Beta I tried to sign up but couldn't get it for free. What's the method to get it for free? - -----Original Message----- From: Tom Worley To: canslim@lists.xmission.com Date: Sunday, April 19, 1998 10:44 PM Subject: Re: [CANSLIM] Daily Graphs Beta >I just downloaded the latest version tonight and am still getting in >for free. The last word I had from them several weeks ago was once >they went commercial they would first cancel all beta passwords, then >you would have to authorize the credit card charge if you had already >given them that info, or send in a check if paying that way, before a >password would be reactivated. > >If anyone else has heard differently, or gotten a specifc date they're >going commercial, please post. > >Tom W > >-----Original Message----- >From: Peter Christiansen >To: canslim@lists.xmission.com >Date: Sunday, April 19, 1998 10:14 PM >Subject: [CANSLIM] Daily Graphs Beta > > >>Anyone know if you can still beta Daily Graphs free of charge? I was >>trying to sign up, but it looks like they are going to charge me. >> >>Peter Christiansen >>Chiang Mai - Thailand >> >>- >> > > > >- - - ------------------------------ Date: Mon, 20 Apr 1998 10:43:14 +0000 From: Peter Christiansen Subject: [CANSLIM] Fwd: RE: Support Call (was Daily Graphs Beta) I just received this reply from Daily Graphs. That was fast. >X-Complaints-To: abuse@sprintmail.com >From: Customer Service >To: "'peterc@loxinfo.co.th'" >Subject: RE: Support Call >Date: Sun, 19 Apr 1998 20:27:14 -0700 >X-Mailer: Microsoft Internet E-mail/MAPI - 8.0.0.4211 > >There is NO charge since we are Beta testing. You may register to obtain >an usercode. The testing will be conluded end of this month. Thank you >for your interest. > >Daily Graphs Online Peter Christiansen Chiang Mai - Thailand - - ------------------------------ Date: Sun, 19 Apr 1998 20:53:15 -0700 From: Mike Lucero Subject: RE: [CANSLIM] institutional ownership A problem with Institutional Ownership I've seen from Quotes Plus and Microsoft Investor is that they don't match the numbers from Daily Graphs. They don't break down the number so you can find out how much are owned by funds. which is the most important number. Does anyone know how often Daily Graphs fund ownership numbers are updated? They seem to change pretty often, but the description seems to say the data comes from the mutual funds quarterly. Don't the funds only have to report what they owned at the end of the previous quarter? Wouldn't that make the data at least 90 days old? If that's the way it works, I'm not sure how useful the numbers would be. This worries me a little, because I'm screening out stocks with too much fund ownership. Mike On Sunday, April 19, 1998 12:50 PM, Lucy Barnett [SMTP:BarnettL@nwrel.org] wrote: > > http://www.wsrn.com/home/companyResearch.html > > When you enter a stock symbol a page will appear with links to many > sources of information for the company you are researching. > Look for the heading: "Research, Reports & Summaries" and click on > "QuickSource: Description & Stats." At the bottom of this page you will > find the % of shares held by institutions. This site has loads of info > on stocks. Can't vouch for up-to-datedness (is that a word?) or > accuracy. > > > > -----Original Message----- > > From: Joan Sherman [SMTP:joani@mindspring.com] > > Sent: Sunday, April 19, 1998 11:04 AM > > To: Canslim > > Subject: [CANSLIM] institutionnal ownership > > > > Does anyone have a web site that indicates institutional ownership for > > listed stocks? > > TIA > > > > > > Joan Sherman, /\~~~/\ /\~~~/\ /\~/\ /\~/\ > > ** ** ** ** > > Help Support Animal Rescue > > > > > > > > > > > > > > > > - > > > - - ------------------------------ Date: Mon, 20 Apr 1998 10:12:58 +0000 From: Peter Christiansen Subject: Re: [CANSLIM] Daily Graphs Beta This would be the first time that I tried to use the service, and there is no mention of it being free. I don't want to be charged if it is still in beta. At 10:22 PM 4/19/98 -0400, you wrote: >I just downloaded the latest version tonight and am still getting in >for free. The last word I had from them several weeks ago was once >they went commercial they would first cancel all beta passwords, then >you would have to authorize the credit card charge if you had already >given them that info, or send in a check if paying that way, before a >password would be reactivated. > >If anyone else has heard differently, or gotten a specifc date they're >going commercial, please post. > >Tom W > >-----Original Message----- >From: Peter Christiansen >To: canslim@lists.xmission.com >Date: Sunday, April 19, 1998 10:14 PM >Subject: [CANSLIM] Daily Graphs Beta > > >>Anyone know if you can still beta Daily Graphs free of charge? I was >>trying to sign up, but it looks like they are going to charge me. >> >>Peter Christiansen >>Chiang Mai - Thailand >> >>- >> > > > >- > Peter Christiansen Chiang Mai - Thailand - - ------------------------------ Date: Mon, 20 Apr 1998 00:04:42 -0500 From: Bill Subject: RE: [CANSLIM] BELF ADSL is nothing more than warmed over ISDN with the major difference being is that at the Central Office (CO) the ISP doesn't use existing switching equipment to compete with voice services. New switches are added at the COs and theirin lies the rub - they are at the mercy of the telcos for access and floor space. Most TV cable plant in existance can't support cable modems and need an upgrade, so its not something that can be retroffited at will. Best bet and lowest cost at this time are a couple of POTS lines with modem teaming, ie two 56K modems hitting the same ISP. Bill-->> - ---------------------------- At 11:56 AM -0400 4/19/98, Frank V. Wolynski wrote: >I couldn't agree more! ADSL has been promised and forcast for almost 2 >years. ISDN is too costly and very regulated. Time Warner is installing >cable modem technology quicker than Cendant can plow the earth to plant >those weeds in a corn field! > >I believe the first forcast I can remember came from Paradyne Corp with a >news release almost 1 1/2 years ago. It was going to revolutionize the >online world! >Good bye modems! > >So far, my USR 56k and Hayes are saved from being junked! > >Frank Wolynski > >At 07:09 4/19/98 -0700, Tim Fisher wrote: >>>From the viewpoint of a computerhead who follows the hype about ISDN, ADSL, >>etc. regularly, I would take anyone's projections of ADSL use in this >>country and throw them right into the shredder. ADSL has an installed base >>of almost ZERO users at the current time, ISDN has a few tens of thousands, >>and 56k modems number in the hundreds of thousands. Plus, cable modem >>services are spring up like weeds in a cornfield in the past few months. If >>I had to pick one technology that was dead before it left the nest, I'd pick >>ADSL. IMHO. >> >>At 01:04 PM 4/19/98 +0200, you wrote: >>>Hi John, >>> >>>interesting list and a couple weeks ago I stumbled on this piece of news >>>from investools on belf... >>> >>>Undervalued 3Com Supplier Set To Shine In 1999 (BELF) >>>Friday, March 27, 1998 >>> >>>"Bel-Fuse's (BELF) opportunity to see significant demand >>>from its ADSL (Asymmetric Digital Subscriber Line) products >>>is tremendous," Jonathan Steinberg says about the electronic >>>components supplier. "Jupiter Communications, a research >>>company, forecasts that ADSL technology will provide fast- >>>access Internet services to 3.4 million homes by 2002. This >>>means that 1999 could be an excellent year for Bel-Fuse as >>>it ramps up production of ADSL products. The tail end of >>>1998 could be significant as well." >>> >>>But the real story remains Bel-Fuse's valuation. As >>>Steinberg noted in his March issue, when he first >>>recommended the stock: "not many technology companies grow >>>at 15% to 20% a year and trade at seven times 1997 EBITDA >>>(Earnings Before Interest Taxes Depreciation Amortization, >>>otherwise known as cash flow). The company also trades at >>>1.15 times its 1997 sales, 13 times its 1997 earnings and >>>11.6 times (the newsletter's) very conservative estimate for >>>fiscal 1998 of $2.00 per share." >>> >>>In his April issue, Steinberg reiterates his buy >>>recommendation with a price target of $30 per share, or 15 >>>times its fiscal 1998 estimate. >>> >>>For more on Jonathan Steinberg's recommendation see >>>"Bel-Fuse," April 1998, Individual Investor's Special >>>Situations Report. Jonathan Steinberg provides one >>>undervalued stock per month poised for substantial growth >>>and profit. >>> >>>bye, >>>Alexander Herrmann eMail: alex@who.net >>> >>>> -----Original Message----- >>>> From: John Nogueira (mssm2000) >>>> To: canslim@lists.xmission.com >>>> Date: Friday, April 17, 1998 12:54 AM >>>> Subject: [CANSLIM] My watch list >>>> >>>> >>>> >Only the following factors were considered in making this CANSLIM >>>> watch >>>> >list: >>>> > >>>> >EPS, RS, Chart, Shares >>>> > >>>> >Symbol EPS RS Chart Avg. Vol. Pivot? >>>> >------ --- -- ----- --------- ------ >>>> >mtxc 96 97 Tight Base 24,700 $28 >>>> >astx 99 86 Base (cup w/handle?) 110,600 $17 >>>> >belf 97 93 Short Base 40,700 $27 1/2 >>>> >nsit 97 87 Long Base 49,700 $43 >>>> >fdpc 96 86 Short Base 17,000 $13 7/8 >>>> >grdg 95 93 Short Base 135,200 $22 1/2 >>>> > >>>> >Should any breakouts occur, please do your homework before >>>> purchasing. >>>> >Also note that my readings of the pivot points may differ from yours. >>> >>Tim Fisher, 1995 President, Pacific Fishery Biologists >>Ore-ROCK-On Rockhounding Web Site >>PFB Information >>tfish@spiritone.com >>WWW http://www.spiritone.com/~tfish -- See naked fish and rocks! >> >> >>- >> >> > >- - - ------------------------------ Date: Mon, 20 Apr 1998 00:30:06 -0500 From: Bill Subject: RE: [CANSLIM] MF on BigCharts Mike, you are correct. BC does not use "yesterday's" price - BC says MF is positive if the closing price is higher than the open on the same day - making the issue that much more confusing. If you look at an explanation of a "Money Flow Index" on www.equis.com/free/taz/ you will find a definition of MF that contradicts BC. Seems to me to be a moot point if one understands the derivation and application. I got interested in the precise definition when one of the post mentioned a negative MF on a gap up in price. Seemed a bit odd to see MF drop on a huge rise in volume and price. Bill-->> - --------------------- At 6:16 PM -0700 4/19/98, Mike Lucero wrote: >Perhaps BigCharts has changed their help files. I don't see the part about >today's close being higher than yesterday's. > >Two similar indicators at BigCharts are MoneyFlow and Volume Accumulation. >MoneyFlow increases when the Close is above the Open. Volume Accumulation >uses High, Low and Close. > >"Technical Analysis from A to Z" (www.equis.com/free/taz/) describes two >indicators called "Accumulation/Distribution" and "Money Flow Index". >"Trading For a Living" gives the indicators similar names. If you believe >these two sources, then BigCharts seems to have the names switched. > >Mike > >On Sunday, April 19, 1998 6:18 PM, Bill [SMTP:wgs@earthlink.net] wrote: >> There seems to be a number of different interpretations of what the Money >> Flow (MF) indicator on BigCharts respresents and it seems that their >recent >> update has also changed the Help file explaining their interpretation. >> >> According to www.equis.com/free/taz/moneyflow.html MF is calculated as >> Typical Price x Volume. Typical Price = (High + Low + Close) / 3. If the >> Typical Price (TP) is greater than yesterday's TP then the MF is >considered >> to be positive. If the TP was less than yesterday's, then that was >negative. >> >> BC says that a positive MF must have a CLOSING price higher than >> yesterday's closing price and likewise, if the CLOSING price is lower, >then >> its a negative MF. >> >> Who is right and does it make a difference when we apply the indicator to >> our evaluation of possible candidates? >> >> Bill-->> >> >> >> >> >> >> - >> >> > >- - - ------------------------------ Date: Sun, 19 Apr 1998 23:02:10 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Greenbean!!! > Date: Sun, 19 Apr 1998 21:24:42 -0400 > From: "Carlos E. Fernandez-Touzon" > with certain exceptions. Namely, timing market action and certain stock > patterns. Can anyone out there turn me to another book that can give me > the how and why's behind some of the technical charting? Like how you can > tell the the difference between a failing move of a base and a shake-out? I don't know, I still can't tell, but a book I thought was pretty good on chart reading is the Edwards and Magee book on Technical Analysis. Also, Martin Pring and John Murhpy both have books on the basics. I think a lot of technical analysis is nonsense, but pick any one of the 3 and you should get something from them. > Does the IBD library have anything? I would rather not learn by losing my > IRA savings :) Also is subscribing to daily graphs necessary? It seems > to be a little to expensive for someone only having a few dollars in the > market. Can't I just use "Stocks in the News" to find some good > securities? Need a lot information and a little help!!! People throw a lot of names out on this list, and combine that with internet tools available you can probably get a fair number of buy candidates. Watch the earnings reports every day for some ideas, and also look at the Friday thing IBD does, where they list a hundred stocks or so. The best thing for anyone who is new to stock picking is look at a couple jillion stock charts to get the hang of the things. - - ------------------------------ Date: Mon, 20 Apr 1998 00:13:11 -0400 From: Kom Tukovinit Subject: Re: [CANSLIM] Daily Graphs Beta When I signed up, the prorgram asked me for a credit card number also. I gave one to them, specifically asked customer service about it, and they said my credit card won't be charged until they go commercial. I think this still remains the same, because as Tom said, they haven't informed the beta users about it going commercial. kom Peter Christiansen wrote: > This would be the first time that I tried to use the service, and there is > no mention of it being free. I don't want to be charged if it is still in > beta. > > At 10:22 PM 4/19/98 -0400, you wrote: > >I just downloaded the latest version tonight and am still getting in > >for free. The last word I had from them several weeks ago was once > >they went commercial they would first cancel all beta passwords, then > >you would have to authorize the credit card charge if you had already > >given them that info, or send in a check if paying that way, before a > >password would be reactivated. > > > >If anyone else has heard differently, or gotten a specifc date they're > >going commercial, please post. > > > >Tom W > > > >-----Original Message----- > >From: Peter Christiansen > >To: canslim@lists.xmission.com > >Date: Sunday, April 19, 1998 10:14 PM > >Subject: [CANSLIM] Daily Graphs Beta > > > > > >>Anyone know if you can still beta Daily Graphs free of charge? I was > >>trying to sign up, but it looks like they are going to charge me. > >> > >>Peter Christiansen > >>Chiang Mai - Thailand > >> > >>- > >> > > > > > > > >- > > > > Peter Christiansen > Chiang Mai - Thailand > > - - - ------------------------------ Date: Mon, 20 Apr 1998 00:21:03 -0400 From: Kom Tukovinit Subject: Re: [CANSLIM] Has anyone else has the same problem with DG Online? I asked the customer service people about the problem with the screen not being refreshed in certain situations (in my case, using the line-pen tool, and switching back and forth between applications would cause the problem). The answer I got was, they were aware of the problem, and that you can reget the data by hitting F1 or F4; it sounds like to me it is not a priority for them to fix it. kom - - ------------------------------ Date: Mon, 20 Apr 1998 07:44:07 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] LSON Same stock, Patrick. You looked at the two most recent qtrs, I looked at the four most recent qtrs. The two most recent qtrs had an esp easy comparison compared to a year ago, thus your results. However, the upcoming qtr will have a considerably tougher qtr to compare to, from a year ago, unless there is major growth from the Q4 on a sequential basis. Tom W - -----Original Message----- From: Patrick Wahl To: canslim@lists.xmission.com Date: Sunday, April 19, 1998 11:00 PM Subject: Re: [CANSLIM] LSON > From: "Tom Worley" > To: > Chart and CS elements look decent, but it has had four easy earnings > comparisons. From here on out, comparisons will be much tougher. I > also note that over the past 12 months, revenues are increasing faster > (40%) than earnings (20%) which suggests to me that the upcoming > report will not have as strong a year to year comparison. Hmmm, numbers I have from the online DG says that over the most recent two quarters, earnings were up more than sales, up 92% and up 73%, while sales were up 48% and 63%. We seem to be talking about a different stock somehow. - - - - ------------------------------ Date: Mon, 20 Apr 1998 07:57:18 -0400 From: "Tom Worley" Subject: [CANSLIM] World Markets Hmmmm, interesting opening we are heading into. Asia was largely flat to slightly down, but Europe having a strong day, Germany in particular (up almost 3%). However both S&P500 and NASDAQ100 futures remain flat. Tom W - - ------------------------------ Date: Mon, 20 Apr 1998 07:47:37 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] institutional ownership My understanding is that DG updates based on reports from the funds, which do report as far as I know only on a qtrly basis. Thus the data can be anywheres from several weeks old to about 3.5 months old. Also, DG presents funds ownership percentage as a percentage of the total float, not total issue, which may be a different presentation than other sources. Tom W - -----Original Message----- From: Mike Lucero To: 'canslim@lists.xmission.com' Date: Sunday, April 19, 1998 11:54 PM Subject: RE: [CANSLIM] institutional ownership >A problem with Institutional Ownership I've seen from Quotes Plus and >Microsoft Investor is that they don't match the numbers from Daily Graphs. >They don't break down the number so you can find out how much are owned by >funds. which is the most important number. > >Does anyone know how often Daily Graphs fund ownership numbers are updated? >They seem to change pretty often, but the description seems to say the data >comes from the mutual funds quarterly. Don't the funds only have to report >what they owned at the end of the previous quarter? Wouldn't that make the >data at least 90 days old? If that's the way it works, I'm not sure how >useful the numbers would be. This worries me a little, because I'm >screening out stocks with too much fund ownership. > >Mike > > >On Sunday, April 19, 1998 12:50 PM, Lucy Barnett [SMTP:BarnettL@nwrel.org] >wrote: >> >> http://www.wsrn.com/home/companyResearch.html >> >> When you enter a stock symbol a page will appear with links to many >> sources of information for the company you are researching. >> Look for the heading: "Research, Reports & Summaries" and click on >> "QuickSource: Description & Stats." At the bottom of this page you will >> find the % of shares held by institutions. This site has loads of info >> on stocks. Can't vouch for up-to-datedness (is that a word?) or >> accuracy. >> >> >> > -----Original Message----- >> > From: Joan Sherman [SMTP:joani@mindspring.com] >> > Sent: Sunday, April 19, 1998 11:04 AM >> > To: Canslim >> > Subject: [CANSLIM] institutionnal ownership >> > >> > Does anyone have a web site that indicates institutional ownership for >> > listed stocks? >> > TIA >> > >> > >> > Joan Sherman, /\~~~/\ /\~~~/\ /\~/\ /\~/\ >> > ** ** ** ** >> > Help Support Animal Rescue >> > >> > >> > >> > >> > >> > >> > >> > - >> >> >> > >- > - - ------------------------------ End of canslim-digest V2 #198 ***************************** 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.