From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2010 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 Sunday, January 6 2002 Volume 02 : Number 2010 In this issue: RE: [CANSLIM] Market Re: [CANSLIM] TOTALLY OFF TOPIC!! AW: [CANSLIM] Market RE: [CANSLIM] Market [CANSLIM] Breakouts and Patterns Re: [CANSLIM] Breakouts and Patterns Re: [CANSLIM] Breakouts and Patterns AW: [CANSLIM] Breakouts and Patterns [CANSLIM] Acc/dis Numbers -- Market Stable -- numbers returning to more normal [CANSLIM] Managing Risk by Position Size AW: [CANSLIM] Point of View: Why bother with fundamentals? ---------------------------------------------------------------------- Date: Sat, 5 Jan 2002 13:22:13 -0500 From: "Dave" Subject: RE: [CANSLIM] Market I own CHKP. In my opinion, when the technology spending returns, security is going to be at the very top of many I.T. managers' lists. CHKP is the clear leader. On a technical basis, CHKP has a quasi-CH pattern beginning in August, is above its 50 DMA and is on the verge of breaking out. I think CANSLIM is great but IMO there is no reason to use it exclusively. My biggest single gain in the market was buying CSCO in 1991 solely because I was in the networking field and knew their technology was superior. At the time I knew nothing about the stock market. Maybe it was dumb luck, but I prefer to think that common sense and personal experience can sometimes lead you to big winners that do not (yet) meet strict CANSLIM criteria. > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Andreas > Himmelreich > Sent: Saturday, January 05, 2002 10:34 AM > To: 'canslim@lists.xmission.com' > Subject: AW: [CANSLIM] Market > > > Yep, once in a while I ask my selft if I should stick to CANSLIM. > > I was hot on DFXI, CHKP and a lots of other EPS 99ers 2 months ago, why not go > into them just on a projection point of view? - - - -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: Sat, 5 Jan 2002 20:33:24 +0200 From: "dannygottlieb" Subject: Re: [CANSLIM] TOTALLY OFF TOPIC!! This is a multi-part message in MIME format. - ------=_NextPart_000_0094_01C19628.38E9F700 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable As a U of Miami alumnus, 1976, all I can say isGo Canes!!=20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Friday, January 04, 2002 6:42 AM Subject: [CANSLIM] TOTALLY OFF TOPIC!! MIAMI HURRICANES ARE #1 - NATIONAL CHAMPIONS =20 Miami 37 Nebraska 14 =20 Total domination, words are cheap, final score says it all =20 Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0094_01C19628.38E9F700 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
As a U of Miami alumnus, 1976, = all I can say=20 isGo Canes!!
----- Original Message -----
From:=20 Tom = Worley=20
To: canslim@lists.xmission.com =
Sent: Friday, January 04, 2002 = 6:42=20 AM
Subject: [CANSLIM] TOTALLY OFF=20 TOPIC!!

MIAMI HURRICANES ARE #1 - NATIONAL=20 CHAMPIONS
 
Miami 37
Nebraska 14
 
Total domination, words are cheap, final score = says it=20 all
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
- ------=_NextPart_000_0094_01C19628.38E9F700-- - - - -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: Sat, 5 Jan 2002 20:26:56 +0100 From: Andreas Himmelreich Subject: AW: [CANSLIM] Market Dave, Well, if you bought cisco in 1991 and hold it for long, then you made the investment of your live. Good points you make !!! Andreas P.S. Have a great Weekend !!! > -----Ursprungliche Nachricht----- > Von: Dave [SMTP:drubin@i-2000.com] > Gesendet am: Saturday, January 05, 2002 7:22 PM > An: canslim@lists.xmission.com > Betreff: RE: [CANSLIM] Market > > I own CHKP. In my opinion, when the technology spending returns, security > is going to be at the very top of many I.T. managers' lists. CHKP is the > clear leader. On a technical basis, CHKP has a quasi-CH pattern beginning > in August, is above its 50 DMA and is on the verge of breaking out. > > I think CANSLIM is great but IMO there is no reason to use it exclusively. > My biggest single gain in the market was buying CSCO in 1991 solely > because I was in the networking field and knew their technology was > superior. At the time I knew nothing about the stock market. Maybe it was > dumb luck, but I prefer to think that common sense and personal experience > can sometimes lead you to big winners that do not (yet) meet strict > CANSLIM criteria. > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Andreas > > Himmelreich > > Sent: Saturday, January 05, 2002 10:34 AM > > To: 'canslim@lists.xmission.com' > > Subject: AW: [CANSLIM] Market > > > > > > Yep, once in a while I ask my selft if I should stick to CANSLIM. > > > > I was hot on DFXI, CHKP and a lots of other EPS 99ers 2 months ago, why > not go > > into them just on a projection point of view? > > > - > -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: Sat, 5 Jan 2002 14:37:02 -0500 From: "Dave" Subject: RE: [CANSLIM] Market Acutally the CANSLIM sell rules would have been very useful had I known them. I sold shares on several occasions at the wrong time, just before the stock went on to big gains. But profits are profits, and thankfully I still have a nice chunk left :) > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Andreas > Himmelreich > Sent: Saturday, January 05, 2002 2:27 PM > To: 'canslim@lists.xmission.com' > Subject: AW: [CANSLIM] Market > > > Dave, > > Well, if you bought cisco in 1991 and hold it for long, then > you made the investment of your live. > Good points you make !!! > > Andreas > > P.S. Have a great Weekend !!! > > > -----Ursprungliche Nachricht----- > > Von: Dave [SMTP:drubin@i-2000.com] > > Gesendet am: Saturday, January 05, 2002 7:22 PM > > An: canslim@lists.xmission.com > > Betreff: RE: [CANSLIM] Market > > > > I own CHKP. In my opinion, when the technology spending > returns, security > > is going to be at the very top of many I.T. managers' lists. > CHKP is the > > clear leader. On a technical basis, CHKP has a quasi-CH > pattern beginning > > in August, is above its 50 DMA and is on the verge of breaking out. > > > > I think CANSLIM is great but IMO there is no reason to use it > exclusively. > > My biggest single gain in the market was buying CSCO in 1991 solely > > because I was in the networking field and knew their technology was > > superior. At the time I knew nothing about the stock market. > Maybe it was > > dumb luck, but I prefer to think that common sense and > personal experience > > can sometimes lead you to big winners that do not (yet) meet strict > > CANSLIM criteria. > > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Andreas > > > Himmelreich > > > Sent: Saturday, January 05, 2002 10:34 AM > > > To: 'canslim@lists.xmission.com' > > > Subject: AW: [CANSLIM] Market > > > > > > > > > Yep, once in a while I ask my selft if I should stick to CANSLIM. > > > > > > I was hot on DFXI, CHKP and a lots of other EPS 99ers 2 > months ago, why > > not go > > > into them just on a projection point of view? > > > > > > - > > -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: Sat, 5 Jan 2002 21:00:24 +0100 From: Andreas Himmelreich Subject: [CANSLIM] Breakouts and Patterns Since August I am kind of using CANSLIM and since then I never saw so many stocks breaking out or building bases. Opinions? - - - -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: Sat, 05 Jan 2002 14:26:37 -0600 From: Jerry Weiss Subject: Re: [CANSLIM] Breakouts and Patterns Andreas: My guess is that because of the deflationary era we've entered, many of these will be long term bases. Jer - ----- Original Message ----- From: "Andreas Himmelreich" To: Sent: Saturday, January 05, 2002 2:00 PM Subject: [CANSLIM] Breakouts and Patterns > Since August I am kind of using CANSLIM and since then I never saw so many stocks breaking out or building bases. > Opinions? > > - > -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: Sat, 5 Jan 2002 17:26:21 -0500 From: "Dan Forant" Subject: Re: [CANSLIM] Breakouts and Patterns Also since August didn't many B/O and crash also??? For that reason I wasn't concentrating on Canslim just short term chart patterns of all types. DanF - ----- Original Message ----- From: "Andreas Himmelreich" To: Sent: Saturday, January 05, 2002 3:00 PM Subject: [CANSLIM] Breakouts and Patterns > Since August I am kind of using CANSLIM and since then I never saw so many stocks breaking out or building bases. > Opinions? > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 6 Jan 2002 02:50:06 +0100 From: Andreas Himmelreich Subject: AW: [CANSLIM] Breakouts and Patterns Now, I mean right now there are a lot of BOs and a fair amount is holding up .... > -----Ursprungliche Nachricht----- > Von: Dan Forant [SMTP:dforant1@nycap.rr.com] > Gesendet am: Saturday, January 05, 2002 11:26 PM > An: canslim@lists.xmission.com > Betreff: Re: [CANSLIM] Breakouts and Patterns > > Also since August didn't many B/O and crash also??? For that reason I wasn't > concentrating on Canslim just short term chart patterns of all types. > > DanF > ----- Original Message ----- > From: "Andreas Himmelreich" > To: > Sent: Saturday, January 05, 2002 3:00 PM > Subject: [CANSLIM] Breakouts and Patterns > > > > Since August I am kind of using CANSLIM and since then I never saw so many > stocks breaking out or building bases. > > Opinions? > > > > - > > -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: Sat, 5 Jan 2002 22:27:21 -0500 From: Robert Subject: [CANSLIM] Acc/dis Numbers -- Market Stable -- numbers returning to more normal - ------ =_NextPart_000_01C19638.255EF680 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Hello everyone: Here are this weeks Acc/Dis numbers. The market is currently in a stable condition. The differant groups have come back into a normal alighment. I have not found a reason why they went "wild" after Christmas. spread sheet version Date,A,B,C,D,E,% of AB/A:E,%E,Market Posture 12/24/01,943,2464,1016,722,280,63%,5%,Market stable 12/26/01,1530,1791,812,744,570,61%,10%,Market in correction 12/27/01,1535,1800,805,749,562,61%,10%,Market in correction 12/28/01,1558,1817,786,752,543,62%,10%,Market in correction 12/31/01,1586,1846,803,742,504,63%,9%,Market stable 1/2/02,1014,2552,1038,664,213,65%,4%,Market stable 1/3/02,977,2568,1083,677,213,64%,4%,Market stable 1/4/02,943,2583,1112,686,186,64%,3%,Market stable 1/7/02,986,2657,1051,646,180,66%,3%,Market stable Robert - ------ =_NextPart_000_01C19638.255EF680-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 06 Jan 2002 10:49:28 -0600 From: Gene Ricci Subject: [CANSLIM] Managing Risk by Position Size This is a multi-part message in MIME format. - ------=_NextPart_000_03E5_01C1969F.D0528540 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Here's a free site to help with position sizing. It also has a neat FREE = RLR Risk Manager tool.=20 http://www.rightline.net/education/managingrisk.html Check it out, Gene=20 - ------=_NextPart_000_03E5_01C1969F.D0528540 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Here's a free = site to help=20 with position sizing. It also has a neat FREE RLR Risk Manager tool.=20


http://www.rightline.net/education/managingrisk.html
Check it out,
Gene=20
- ------=_NextPart_000_03E5_01C1969F.D0528540-- - - - -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, 7 Jan 2002 00:48:33 +0100 From: Andreas Himmelreich Subject: AW: [CANSLIM] Point of View: Why bother with fundamentals? Gene, did you find out more about Wiztrade? Thank you Andreas > -----Ursprungliche Nachricht----- > Von: Gene Ricci [SMTP:genr@swbell.net] > Gesendet am: Monday, December 17, 2001 10:32 PM > An: canslim@lists.xmission.com > Betreff: Re: [CANSLIM] Point of View: Why bother with fundamentals? > > Tom, I spoke with WizeTrade a few minutes ago and they told me that fundamentals were required for position trading (1 - 4 months+). One of their most successful position traders selects his candidates from Daily Graphs AFTER they pass the following criteria: > > i. STOCK PRICE BETWEEN $10 AND $60 > ii. AVERAGE VOLUME >= 400,000 shares per day > iii. TIMELINESS = A > iv. ACCUMULATION = A or B > v. SMR RATING = 60-99 or (A/B)* > vi. GROUP RATING = 60-99 or (A/B)* > vii. RS >= 79 > > * Note: DGO in some reports will grade items as A,B,C etc. and in another report will grade the same item numerically. A score of 60-79 = B and 80-99=A. A score of 60 or higher means that it is at least a rating of B. > > He also uses Stockcharts and MA's to make the final decision as to the candidates that move on to WT. > > Haven't seen any data that 'tells' me that using fundamentals for intermediate or swing trading is bad!!! So ...even if using them is nothing more than a placebo, they make me feel good, so why not continue to use them... that's the easiest and most structured part of the process.... chart reading by my definition being the most difficult. > > K. what have you learned from this banter? > > Gene > > > > ----- Original Message ----- > From: Tom Worley > To: canslim@lists.xmission.com > Sent: Sunday, December 16, 2001 7:24 PM > Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? > > > Gene, > > It all depends on whether you have the time and stamina to day trade, or you are trying to invest. If the former, go with WizeTrade. If the latter, find something that works beyond a few hours or a few days. > > I have known a number of day traders over the years, and none used fundies, most didn't even know what the company did for business. Ignored sector or industry group, earnings (past or future), RS, etc. Several didn't even really know how to read a chart, simply relied on current momentum. The ones that did it professionally spent upwards of 10 hours a day in front of their monitor(s). One had 7 different monitors and two TVs he tried to watch continuously. > > Tom Worley > stkguru@netside.net > AIM: TexWorley > > ----- Original Message ----- > From: Gene Ricci > To: canslim@lists.xmission.com > Sent: Sunday, December 16, 2001 5:23 PM > Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? > > > K, thanks for the clarification. > > A couple of weeks ago I would have said 'no fundamentals... are you kidding me'. > > I've had several discussions over the past 2-3 weeks and as recently as last Thursday, I was told to think 'out of the box' by a VP at WizeTrade. I signed up for their 30-day trial (week ago) and was in his office 'showing' him the shortcomings of his system. He showed me a sign that said... price is determined by buyers and sellers. He went on to say that all I had to do was to look at the Green (buy) and Red (sell) indicators.... green means more buyers than sellers and red more sellers than buyers. The program has charts.... felt better when I found that out.... turns out the charts were just time intervals intraday, day, week, month.... the lines on the chart were green and red. When the green crossed up over red, time to buy.... when red over green it's time to sell. > > From WizeTrade home page or links. > > The green line and the red line are summation formulas and not price lines or graphs > > "No, WizetradeT is not based on "moving averages." WizetradeT uses seven key technical indicators to perform its complex "real-time" calculations at the rate of 800-1500 calculations per second. The seven key indicators are the previous day's closing price, the current day's opening price, high, low, every up tick, every down tick - which are then exponentially weighted to volume." > > How can this system work, no fundamentals, stochastic, MACD, candlesticks, CANSLIM, etc.?? They seem to take pride in buying companies that they don't know much about or what the symbol stands for.... they do take pride in the fact that their software tells them immediately when there are more buyers than sellers, etc. .... BTW, they signaled to get out of ENE at 80+. > > I was told that fundamentals were nothing more than a time waster and a poor placebo (in a nice way). > > I'm interested in learning 'the truth'. Certainly would be nice to quit looking at fundamentals and all that research as well as spending money on DGO/IBD.... etc. WizeTrade also eliminates the need to track or know anything about sector rotation.... their buyers and sellers tell them all that. > > Is it possible that I've been wasting my time looking for data to support what I call a good company? > > Naw, can't be! > > Guess I'll just have to try to understand how and if their system works.... over the holidays. > > Disclaimer: I don't work for them and until my trial is over, I'm not even a customer. > Gene > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > Sent: Sunday, December 16, 2001 2:55 PM > Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? > > > That would mean any selection criteria that depended on something other than price/volume/volatility technical indicators. > > Katherine > ----- Original Message ----- > From: Gene Ricci > To: canslim@lists.xmission.com > Sent: Sunday, December 16, 2001 3:14 PM > Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? > > > Please define "any sort of fundamental analysis"... > > Thanks, > Gene > > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > Sent: Sunday, December 16, 2001 10:12 AM > Subject: [CANSLIM] Point of View: Why bother with fundamentals? > > > Proposed: > > If a typical CANSLIM/Intermediate term move in a stock lasts only a few weeks, and in good markets, only a few months, why bother selecting portfolio candidates using any sort of fundamental analysis? Returns in this time period are strictly based on price movement and can be maximized based on technical indicators and price/volume action alone. > > Thoughts pro/con? > > Katherine > << Datei: ATT00017.htm >> - - - -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 #2010 ****************************** 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.