From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #229 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 Thursday, May 7 1998 Volume 02 : Number 229 In this issue: Re: [CANSLIM] Re: On "M" World Markets Re: [CANSLIM] On "M", World Markets Re: [CANSLIM] On "M", World Markets Re: [CANSLIM] The Great Boom Re: [CANSLIM] April screen results Re: [CANSLIM] April screen results [CANSLIM] CL HORN'S "Your Weekend Review" [CANSLIM] Transwitch TXCC Re: [CANSLIM] Adds to my watch list Re: [CANSLIM] Adds to my watch list [CANSLIM] ORBI - feedback, pls. Re: [CANSLIM] ORBI - feedback, pls. [CANSLIM] opinion on ICIX Re: [CANSLIM] ORBI - feedback, pls. RE: [CANSLIM] CL HORN'S "Your Weekend Review" [CANSLIM] Doing and Un-doing. Re: [CANSLIM] ORBI - feedback, pls. ---------------------------------------------------------------------- Date: Wed, 06 May 1998 23:44:14 -0500 From: Paganini Subject: Re: [CANSLIM] Re: On "M" World Markets This is a cryptographically signed message in MIME format. - --------------msB3619ECE139C839534DA39AD Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit heh. i am an engineer for Motorola in AUstin and I still watch my stocks periodically throughout the day, but that's because I have two computers sitting in front of me at all times. Tom Worley wrote: > > I don't know if they're the "right" indicators, certainly not for a > pure CANSLIM approach which looks back more than forward in assessing > "M", but it is what I have been watching. On the other hand, I don't > have a good, much less great, track record in being right on this > outlook. > > Job is hectic, lots to learn, great people to work with, I am an > "officer" of the bank (had to give four specimen signatures today) and > found out today my title translates from the German as "assistant > secretary" (I think a more literal translation might be executive asst > or some such, but secretary will do). It feels good to go to work for > a change, altho I miss being connected to the mkt thru out the day. At > least now I know what my title is!! > > Tom W > > -----Original Message----- > From: mckeener@ix.netcom.com > To: canslim@xmission.com > Date: Wednesday, May 06, 1998 10:37 AM > Subject: [CANSLIM] Re: On "M" World Markets > > >Tom, > > > >Thanks for your thoughts on the market. I am also concerned with the > fewer numbers of new highs > >and advnaces in both the NYSE and NASDAQ. Seeing you confirm this > means I'm looking at the right > >indicators. > > > >How's the new job? > > > >Regards, > >Mary Keener > > > > > > - - --------------msB3619ECE139C839534DA39AD Content-Type: application/x-pkcs7-signature; name="smime.p7s" Content-Transfer-Encoding: base64 Content-Disposition: attachment; filename="smime.p7s" Content-Description: S/MIME Cryptographic Signature MIIJxgYJKoZIhvcNAQcCoIIJtzCCCbMCAQExCzAJBgUrDgMCGgUAMAsGCSqGSIb3DQEHAaCC CDQwggN+MIIC56ADAgECAhAVrgiVw//UFr5w4H/0bnbsMA0GCSqGSIb3DQEBBAUAMGIxETAP BgNVBAcTCEludGVybmV0MRcwFQYDVQQKEw5WZXJpU2lnbiwgSW5jLjE0MDIGA1UECxMrVmVy aVNpZ24gQ2xhc3MgMSBDQSAtIEluZGl2aWR1YWwgU3Vic2NyaWJlcjAeFw05ODA0MTIwMDAw MDBaFw05ODA2MTEyMzU5NTlaMIIBBTERMA8GA1UEBxMISW50ZXJuZXQxFzAVBgNVBAoTDlZl cmlTaWduLCBJbmMuMTQwMgYDVQQLEytWZXJpU2lnbiBDbGFzcyAxIENBIC0gSW5kaXZpZHVh bCBTdWJzY3JpYmVyMUYwRAYDVQQLEz13d3cudmVyaXNpZ24uY29tL3JlcG9zaXRvcnkvQ1BT IEluY29ycC4gYnkgUmVmLixMSUFCLkxURChjKTk2MSYwJAYDVQQLEx1EaWdpdGFsIElEIENs YXNzIDEgLSBOZXRzY2FwZTETMBEGA1UEAxMKQW50aG9ueSBLdTEcMBoGCSqGSIb3DQEJARYN YWt1QGZsYXNoLm5ldDBcMA0GCSqGSIb3DQEBAQUAA0sAMEgCQQCtbGn4BjKJsB3XwU86M3c9 Z3OmQ69oG7cmIZ4Cy4FQDLUNiu4OdObOOsWDKV0LXDjjktbBykgL7Wi56Y42vjeRAgMBAAGj gdMwgdAwCQYDVR0TBAIwADCBrwYDVR0gBIGnMIAwgAYLYIZIAYb4RQEHAQEwgDAoBggrBgEF BQcCARYcaHR0cHM6Ly93d3cudmVyaXNpZ24uY29tL0NQUzBiBggrBgEFBQcCAjBWMBUWDlZl cmlTaWduLCBJbmMuMAMCAQEaPVZlcmlTaWduJ3MgQ1BTIGluY29ycC4gYnkgcmVmZXJlbmNl IGxpYWIuIGx0ZC4gKGMpOTcgVmVyaVNpZ24AAAAAAAAwEQYJYIZIAYb4QgEBBAQDAgeAMA0G CSqGSIb3DQEBBAUAA4GBAFQax9Cc6mwfGrSXt/akIbTS2ZndSndcPDXnVDWxbFNVAkrpxAx9 yb2FNCIIkBiE8g2Ri/jtC0PwQXPmfVV0q0iS8+Xoch8j0vpKLDj1qy0XnNV7/PYWCvJ87+LT gKAUHzFX3dTC8iIW4a31rKKfk1DCECQ+z+TuLdm2fKpbz6fwMIICeTCCAeKgAwIBAgIQUh81 HfJwfgArvspZhwTVOTANBgkqhkiG9w0BAQIFADBfMQswCQYDVQQGEwJVUzEXMBUGA1UEChMO VmVyaVNpZ24sIEluYy4xNzA1BgNVBAsTLkNsYXNzIDEgUHVibGljIFByaW1hcnkgQ2VydGlm aWNhdGlvbiBBdXRob3JpdHkwHhcNOTYwNjI3MDAwMDAwWhcNOTkwNjI3MjM1OTU5WjBiMREw DwYDVQQHEwhJbnRlcm5ldDEXMBUGA1UEChMOVmVyaVNpZ24sIEluYy4xNDAyBgNVBAsTK1Zl cmlTaWduIENsYXNzIDEgQ0EgLSBJbmRpdmlkdWFsIFN1YnNjcmliZXIwgZ8wDQYJKoZIhvcN AQEBBQADgY0AMIGJAoGBALYUps9N0AUN2Moj0G+qtCmSY44s+G+W1y6ddksRsTaNV8nD/RzG uv4eCLozypXqvuNbzQaot3kdRCrtc/KxUoNoEHBkkdc+a/n3XZ0UQ5tul0WYgUfRLcvdu3LX TD9xquJA8lQ5vBbuz3zsuts/bCqzFrGGEp2ukzTVuNXQ9z6pAgMBAAGjMzAxMA8GA1UdEwQI MAYBAf8CAQEwCwYDVR0PBAQDAgEGMBEGCWCGSAGG+EIBAQQEAwIBBjANBgkqhkiG9w0BAQIF AAOBgQDB+vcC51fKEXXGnAz6K3dPh0UXO+PSwdoPWDmOrpWZA6GooTj+eZqTFwuXhjnHymg0 ZrvHiEX2yAwF7r6XJe/g1G7kf512XM59uhSirguf+2dbSKVnJa8ZZIj2ctgpJ6o3EmqxKK8n gxhlbI3tQJ5NxHiohuzpLFC/pvkN27CmSjCCAjEwggGaAgUCpAAAATANBgkqhkiG9w0BAQIF ADBfMQswCQYDVQQGEwJVUzEXMBUGA1UEChMOVmVyaVNpZ24sIEluYy4xNzA1BgNVBAsTLkNs YXNzIDEgUHVibGljIFByaW1hcnkgQ2VydGlmaWNhdGlvbiBBdXRob3JpdHkwHhcNOTYwMTI5 MDAwMDAwWhcNOTkxMjMxMjM1OTU5WjBfMQswCQYDVQQGEwJVUzEXMBUGA1UEChMOVmVyaVNp Z24sIEluYy4xNzA1BgNVBAsTLkNsYXNzIDEgUHVibGljIFByaW1hcnkgQ2VydGlmaWNhdGlv biBBdXRob3JpdHkwgZ8wDQYJKoZIhvcNAQEBBQADgY0AMIGJAoGBAOUZv22jVmEtmUhx9mfe uY3rt56GgAqRDvo4Ja9GiILlc6igmyRdDR/MZW4MsNBWhBiHmgabEKFz37RYOWtuwfYV1aio P6oSBo0xrH+wNNePNGeICc0UEeJORVZpH3gCgNrcR5EpuzbJY1zF4Ncth3uhtzKwezC6Ki8x qu6jZ9rbAgMBAAEwDQYJKoZIhvcNAQECBQADgYEAUnO6mlXc3D+CfbCQmGIqgkx2AG4lPdXC CXBXAQwPdx8YofscYA6gdTtJIUH+p1wtTEJJ0/8o2Izqnf7JB+J3glMj3lXzzkST+vpMvco2 81tmsp7I8gxeXtShtCEJM8o7WfySwjj8rdmWJOAt+qMp9TNoeE60vJ9pNeKomJRzO8QxggFa MIIBVgIBATB2MGIxETAPBgNVBAcTCEludGVybmV0MRcwFQYDVQQKEw5WZXJpU2lnbiwgSW5j LjE0MDIGA1UECxMrVmVyaVNpZ24gQ2xhc3MgMSBDQSAtIEluZGl2aWR1YWwgU3Vic2NyaWJl cgIQFa4IlcP/1Ba+cOB/9G527DAJBgUrDgMCGgUAoH0wGAYJKoZIhvcNAQkDMQsGCSqGSIb3 DQEHATAcBgkqhkiG9w0BCQUxDxcNOTgwNTA3MDQ0NDE0WjAeBgkqhkiG9w0BCQ8xETAPMA0G CCqGSIb3DQMCAgEoMCMGCSqGSIb3DQEJBDEWBBTU3Uwsu9GnQBpocfhuxNGZv46nQjANBgkq hkiG9w0BAQEFAARAUspRuY3gbuAqhVaiHZipU1xVWiA1p8OUEEOBQmXhEBXIUNm3t2Ac+HUd fzPcpLx1ZGnUBmtnd1zqCRw3Av8Uaw== - --------------msB3619ECE139C839534DA39AD-- - - ------------------------------ Date: Wed, 06 May 1998 22:20:03 -0500 From: Luke Lang Subject: Re: [CANSLIM] On "M", World Markets Tom, What I have found especially worrisome is that the NASDAQ advance/ decline line is no where near the high established on 10/13/97, when NASDAQ closed at 1742. In fact, the NASDAQ A/D line is currently below where it was a year ago, when NASDAQ was around 1330. Today, NASDAQ closed at 1856 - almost 40% higher than a year ago. The NYSE A/D line, however, have been hitting new highs recently. Does this illustrate weakness in the NASDAQ? I have been concerned about this for a long time. Should I be concerned? Tom, what's your thought on this? Thanks. Luke Lang Tom Worley wrote: > > I am growingly concerned by the relatively high levels of down volume > on both NYSE and NASDAQ. I am also concerned, despite new highs being > set by indexes, at the low number of new highs by individual stocks on > both exchanges. At this point, we have survived the "jawboning" by the > Feds, wonder what they will try next to "take the bubble" out of the > mkt?? I still don't expect a May rate hike, but clearly jawboning > didn't do any sustainable damage, and now completely offset by > economic reports since then. Of course, the employment report is due > on Friday, who knows? > > Yesterday's huge gains were mostly given up by the close, and on > moderate volume. Asian and European mkts both look weak this morning, > and futures down between a qtr and a half percent, so I am expecting > some correction today. But with the volume of cash still flowing into > the mkts, I remain bullish overall. We may be beginning to see a > period when it will be harder for the KTELs and the ENMDs to do what > they have done. Hopefully, it will become a period in which it will be > easier to identify the better earnings driven CANSLIM stocks, and with > less distraction from the speculative groups like internet related > stocks still chasing earnings. > > On the economic front, general expectation is for a slowing of > economic growth this qtr. I have seen some limited data suggesting a > moderation of manufacturer's activity, and a buildup of inventory. Too > early yet to tell, but for the moment, I am expecting GDP for Q2 to be > below the 4.2% rate of Q1. And, of course, the summer tends to be the > "slow season" for the computer and chip related groups. Could be an > interesting six months ahead, with a Fed rate hike overshadowing > everything else. > > Tom W > > - - - ------------------------------ Date: Wed, 6 May 1998 07:53:18 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] On "M", World Markets Many of the "broad measures" of each market, such as adv/decline and up/down volume, are showing relatively little breadth. I expect this after we have had a sharp correction, however the fact that the correction was artificially created by the Feds jawboning, and quickly reversed, should by now show us resuming some more positive indicators. The "fear" factor, esp of higher interest rates, seems to be building, which is good. So far, rather than entering a correction, it still seems to me that we are consolidating near the highs. A few weeks like this could be very healthy, esp if we remain near the highs while volume dries up. On the other hand, while in a consolidation mode, any major negative event could set off a wave of selling. On the other hand, much as I like history, it is difficult for me to make historical comparisons unless I only go back a year or two. It's not only the unique scenario of high employment with low interest rates and virtually no inflation. It's also because of how money, and how much money, is reaching the mkt on a steady basis. This includes the high rate coming in from 401 plans, as well as the improved rate of savings today, and much of that money is also going into the mkt, much thru funds. Add to that the relatively low returns on bonds, and there's a lot of money in stocks that would prefer to be in bonds, but can't afford to. Until at least some of these "mkt fundamentals" change in a big way (which is somewhat unlikely until we are actually in a bear mkt, not just a correction within a bull mkt), I expect to continue seeing a mkt gradually moving up overall. Tom W - -----Original Message----- From: Luke Lang To: canslim@lists.xmission.com Date: Thursday, May 07, 1998 1:20 AM Subject: Re: [CANSLIM] On "M", World Markets >Tom, > >What I have found especially worrisome is that the NASDAQ advance/ >decline line is no where near the high established on 10/13/97, when >NASDAQ closed at 1742. In fact, the NASDAQ A/D line is currently >below where it was a year ago, when NASDAQ was around 1330. Today, >NASDAQ closed at 1856 - almost 40% higher than a year ago. The NYSE >A/D line, however, have been hitting new highs recently. > >Does this illustrate weakness in the NASDAQ? I have been concerned >about this for a long time. Should I be concerned? Tom, what's your >thought on this? Thanks. > >Luke Lang > >Tom Worley wrote: >> >> I am growingly concerned by the relatively high levels of down volume >> on both NYSE and NASDAQ. I am also concerned, despite new highs being >> set by indexes, at the low number of new highs by individual stocks on >> both exchanges. At this point, we have survived the "jawboning" by the >> Feds, wonder what they will try next to "take the bubble" out of the >> mkt?? I still don't expect a May rate hike, but clearly jawboning >> didn't do any sustainable damage, and now completely offset by >> economic reports since then. Of course, the employment report is due >> on Friday, who knows? >> >> Yesterday's huge gains were mostly given up by the close, and on >> moderate volume. Asian and European mkts both look weak this morning, >> and futures down between a qtr and a half percent, so I am expecting >> some correction today. But with the volume of cash still flowing into >> the mkts, I remain bullish overall. We may be beginning to see a >> period when it will be harder for the KTELs and the ENMDs to do what >> they have done. Hopefully, it will become a period in which it will be >> easier to identify the better earnings driven CANSLIM stocks, and with >> less distraction from the speculative groups like internet related >> stocks still chasing earnings. >> >> On the economic front, general expectation is for a slowing of >> economic growth this qtr. I have seen some limited data suggesting a >> moderation of manufacturer's activity, and a buildup of inventory. Too >> early yet to tell, but for the moment, I am expecting GDP for Q2 to be >> below the 4.2% rate of Q1. And, of course, the summer tends to be the >> "slow season" for the computer and chip related groups. Could be an >> interesting six months ahead, with a Fed rate hike overshadowing >> everything else. >> >> Tom W >> >> - > >- > - - ------------------------------ Date: Thu, 7 May 1998 06:15:13 -0600 From: "Kent Horne" Subject: Re: [CANSLIM] The Great Boom I'd appreciate receiving a copy of the updated gif of the Dent graph. Thanks. kent - - ------------------------------ Date: Thu, 7 May 1998 06:25:12 -0600 From: "Kent Horne" Subject: Re: [CANSLIM] April screen results Mike, Tim is correct about Pegasus Mail having that problem, although is has a lot of great features. FY info I was able to open his document in quickview plus, keyview pro, and word. So you could try opening it as a text document in just about any word processor too. kent >Attached as a tab-delim txt file this time. > > - - ------------------------------ Date: Thu, 7 May 1998 06:30:58 -0600 From: "Kent Horne" Subject: Re: [CANSLIM] April screen results Mike, I'd intended to add that you could also import this data into a spread sheet or data base program such as Excel where you can use tab delimited as well as comma delimited data. Some word processors such as Word also have built in table capabilites which will allow you to set up an internal sortable table within a word processing document. I'm probably repeating stuff you already use, since you might just have been addressing the problem of wanting to open directly in your mail reader: if so, sorry for the bandwidth consumption. Hope that helps. kent >Attached as a tab-delim txt file this time. > > - - ------------------------------ Date: Thu, 7 May 1998 09:43:09 -0400 From: "Deral Rackley" Subject: [CANSLIM] CL HORN'S "Your Weekend Review" As you may recall, I introduced myself a few days ago after signing up on the "CANSLIM" LIST. I said that one of my objectives was to learn new techniques for trading using the CANSLIM approach. A BIG THANKS!!! to CL Horn for his spreadsheet "Your Weekend Review" and excellent explanation of his spreadsheet. I was planning to do something similar and he has done the work for me. I can use his spreadsheet as is. But, as he stated, one can get the most use out of it by using it in combination with one's own spreadsheet. I followed his instructions by copying it; however, when I attempted to paste it to a new spreadsheet, all the data was copied to the top line and above the spreadsheet. Help! Any suggestions as to how to get this data into a my spreadsheet would be appreciated. (I have Windows 95 Works) Thanks again to CL Horn!! Deral - - ------------------------------ Date: Thu, 7 May 1998 10:44:28 -0400 From: "James Adams" Subject: [CANSLIM] Transwitch TXCC Comments Please on TXCC Canslim Criteria from IBD 5/7/98 EPS=72; RS=92; A/D=A Industry: : ELEC COMP-SEMIC 28 of 78 Price Info: 52-Week Low $4.438 Recent Price $13.50 52-Week High $14.25 Beta 2.06 Daily Volume (3-month avg) 163.2K Market Capitalization $179.3M Shares Outstanding 13.3M Float 5.20M Earnings History March 1997: Estimate -.17, Actual -.13 June 1997: Estimate -.10, Actual -.7 Sept 1997: Estimate -.06, Actual 0.01 Dec 1997: Estimate 0.02, Actual 0.03 Mar 1998: Estimate 0.04, Actual 0.04 News: April 21, 1998 "Internet Access: The Next Generation" TranSwitch Sponsored Forum April 16, 1998 TXCC Appoints David French to the Board of Directors April 15, 1998 TXCC Announces Record Quarterly Revenues and Profitable First Quarter March 31, 1998 TXCC Annual Report (SEC form 10-K) - EDGAR Online James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Thu, 7 May 1998 08:19:40 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Adds to my watch list > From: "Tom Worley" > To: > As to my upper limit, I would consider any mngmt ownership over about > 30% or so something I take conscious note of, and weigh with many > other considerations. But I won't overlook a stock that has mngmt > ownership over 50%. I probably would pass on a company with 65 or 70% > mngmt ownership, that's getting a little rich for my blood. Nor am I What is the thinking behind this? I always thought management ownership was good - they had an interest in getting the stock price up. - - ------------------------------ Date: Thu, 7 May 1998 08:51:38 -0700 (PDT) From: Rich Subject: Re: [CANSLIM] Adds to my watch list In the book "Super Stocks" by Kenneth Fisher he says, that if management owns substantial amounst of stock they are the stockholder's partners. The have every incentive to make the shares become more valuable. Management should get a reasonable salary but small in relation to the value of the stock it owns.. Be skeptical when management owns an amount of sotock not much larger than their salary. It is best if management stock ownership is at least 10 times it combined annual salary. Be skeptical when one or two individuals own controllling interest in a compnany. If no one has controlling interest and management fails to perform, the board of directors is likely to throw out management and bring in a new one. If one or two people have control, the future of the company is more completely in their hands. Ciao, Rich - ---Patrick Wahl wrote: > > > From: "Tom Worley" > > To: > > > As to my upper limit, I would consider any mngmt ownership over about > > 30% or so something I take conscious note of, and weigh with many > > other considerations. But I won't overlook a stock that has mngmt > > ownership over 50%. I probably would pass on a company with 65 or 70% > > mngmt ownership, that's getting a little rich for my blood. Nor am I > > What is the thinking behind this? I always thought management > ownership was good - they had an interest in getting the stock price > up. > > > > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 07 May 1998 09:14:55 -0700 From: "N. Moore" Subject: [CANSLIM] ORBI - feedback, pls. ORBI has declined steadily over the past several days, despite good news in the area. Does this look like a sell or should I just be patient and ride it out - could it be the beginning of a decline, or just a long sidewind? TIA, Naomi - - ------------------------------ Date: Thu, 07 May 1998 12:35:23 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] ORBI - feedback, pls. - --------------559F53663F3C2DE77CFD7C77 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Naomi-- If you've not taken at least a superficial look at OBV/MF/EMA, now might be just that time. These indicators are as useful to Canslim as they are to traders. If you have looked at those indicators, you will see that NRVI is weakening. The OBV/MF is falling away. The EMA gave a sell a few days ago. The SlowSto and MACD are all in decline. To expect more rather than less of your stock is to expect the unexpected. Too, if you'd been faithful to your stops, you would be free today. Don't pay more for an education in the market than you would at a good university. Connie Mack N. Moore wrote: > ORBI has declined steadily over the past several days, despite good news in > the area. Does this look like a sell or should I just be patient and ride > it out - could it be the beginning of a decline, or just a long sidewind? > > TIA, > > Naomi > > - - --------------559F53663F3C2DE77CFD7C77 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Naomi--

If you've not taken at least a superficial look at OBV/MF/EMA, now might be just that time.  These indicators are as useful to Canslim as they are to traders.

If you have looked at those indicators, you will see that NRVI is weakening.  The OBV/MF is falling away.

The EMA gave a sell a few days ago.

The SlowSto and MACD are all in decline.

To expect more rather than less of your stock is to expect the unexpected.

Too, if you'd been  faithful to your stops, you would be free today.

Don't pay more for an education in the market than you would at a good university.

Connie Mack
 
 
 

N. Moore wrote:

ORBI has declined steadily over the past several days, despite good news in
the area.  Does this look like a sell or should I just be patient and ride
it out - could it be the beginning of a decline, or just a long sidewind?

TIA,

Naomi

-

  - --------------559F53663F3C2DE77CFD7C77-- - - ------------------------------ Date: Thu, 7 May 1998 10:12:50 -0700 (PDT) From: Anindo Majumdar Subject: [CANSLIM] opinion on ICIX great revenue growth but stock has been declining steadily. OBV/MF has declined with the price. Except on today's chart OBV has gone up from its low but MF has remained flat. It went as low as 62 before bouncing back up to 74 on the heels of a good earnings report. Currently I am finding it difficult to say whether ICIX has resumed an uptrend and this selloff is temporary or has it resumed its downtrend. The market it serves is white hot and expected to be in a secular growth trend for the next several years. Other companies in this sector are QWST, ICGX, WCOM, PGEX etc. Thanks Anindo > > > --------------559F53663F3C2DE77CFD7C77 > Content-Type: text/plain; charset=us-ascii > Content-Transfer-Encoding: 7bit > > Naomi-- > > If you've not taken at least a superficial look at OBV/MF/EMA, now might be > just that time. These indicators are as useful to Canslim as they are to > traders. > > If you have looked at those indicators, you will see that NRVI is weakening. > The OBV/MF is falling away. > > The EMA gave a sell a few days ago. > > The SlowSto and MACD are all in decline. > > To expect more rather than less of your stock is to expect the unexpected. > > Too, if you'd been faithful to your stops, you would be free today. > > Don't pay more for an education in the market than you would at a good > university. > > Connie Mack > > > > > N. Moore wrote: > > > ORBI has declined steadily over the past several days, despite good news in > > the area. Does this look like a sell or should I just be patient and ride > > it out - could it be the beginning of a decline, or just a long sidewind? > > > > TIA, > > > > Naomi > > > > - > > > > --------------559F53663F3C2DE77CFD7C77 > Content-Type: text/html; charset=us-ascii > Content-Transfer-Encoding: 7bit > > > Naomi-- > >

If you've not taken at least a superficial look at OBV/MF/EMA, now > might be just that time.  These indicators are as useful to Canslim > as they are to traders. > >

If you have looked at those indicators, you will see that NRVI is > weakening.  The OBV/MF is falling away. > >

The EMA gave a sell a few days ago. > >

The SlowSto and MACD are all in decline. > >

To expect more rather than less of your stock is to expect the unexpected. > >

Too, if you'd been  faithful to your stops, you would be free > today. > >

Don't pay more for an education in the market than you would at a > good university. > >

Connie Mack >
  >
  >
  > >

N. Moore wrote: >

ORBI has declined steadily over the past several > days, despite good news in >
the area.  Does this look like a sell or should I just be patient > and ride >
it out - could it be the beginning of a decline, or just a long sidewind? > >

TIA, > >

Naomi > >

-

>   > > --------------559F53663F3C2DE77CFD7C77-- > > > - > > - - ------------------------------ Date: Thu, 7 May 1998 15:18:58 +0000 From: "Mike Asher" Subject: Re: [CANSLIM] ORBI - feedback, pls. My two cents worth on ORBI, On your chart program pull up a weekly view of stock with 200ma. You can see its made a good run since last year about this time. You should also see that it's very extended away from 200ma. It's been my experience that astock will not stay too extended too long. It is not uncommon for the price to drop back to 200ma... maybe more. It's also trying to make a new high. I would take note if it doesn't exceed the old high. It's looking a little "toppy". Mike - - ------------------------------ Date: Thu, 7 May 1998 16:57:02 -0400 From: Larry Horn Subject: RE: [CANSLIM] CL HORN'S "Your Weekend Review" - ------ =_NextPart_000_01BD79D9.2C73E9A0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Deral, I think the problem is the difference in the programs that I used to create it (Excel 97) and what you use to view it. Instead of copying the spreadsheet, as I suggested earlier, download the 5-1-98.csv file by clicking on it. When the save as dialog box comes up, save it as ANYNAME.csv. You should then be able to open it with MS Works (I hope). If that doesn't work, a few days ago a member described how you can use a macro to correct it. Please let me know if the .csv file doesn't work for you. Please note that on all of the tables listed so far on that web site I calculated %Mgmt like this (shares out-float)/shares out. I was informed yesterday that this is incorrect. I am going to delete that column from the tables the first chance I get (probably this weekend). I am sorry for any problems this may have caused. That was the only calculation for data that I made aside from the sum of EPS and RS which 'm sure is correct. I have listed all of the sources for the data posted. For the %Instit, I am changing from Waterhouse's S&P sheets to rapidresearch.com. Also please double check the data for yourself as I could have easily made a typo. I'm glad this table is of use to you. Larry Horn - -----Original Message----- From: Deral Rackley [SMTP:deralr@WORLDNET.ATT.NET] Sent: Thursday, May 07, 1998 9:43 AM To: CANSLIM Subject: [CANSLIM] CL HORN'S "Your Weekend Review" As you may recall, I introduced myself a few days ago after signing up on the "CANSLIM" LIST. I said that one of my objectives was to learn new techniques for trading using the CANSLIM approach. A BIG THANKS!!! to CL Horn for his spreadsheet "Your Weekend Review" and excellent explanation of his spreadsheet. I was planning to do something similar and he has done the work for me. I can use his spreadsheet as is. But, as he stated, one can get the most use out of it by using it in combination with one's own spreadsheet. I followed his instructions by copying it; however, when I attempted to paste it to a new spreadsheet, all the data was copied to the top line and above the spreadsheet. Help! Any suggestions as to how to get this data into a my spreadsheet would be appreciated. (I have Windows 95 Works) Thanks again to CL Horn!! Deral - - - ------ =_NextPart_000_01BD79D9.2C73E9A0 Content-Type: application/ms-tnef Content-Transfer-Encoding: base64 eJ8+IgkUAQaQCAAEAAAAAAABAAEAAQeQBgAIAAAA5AQAAAAAAADoAAEIgAcAGAAAAElQTS5NaWNy b3NvZnQgTWFpbC5Ob3RlADEIAQ2ABAACAAAAAgACAAEEkAYA1AEAAAEAAAAQAAAAAwAAMAIAAAAL AA8OAAAAAAIB/w8BAAAAUwAAAAAAAACBKx+kvqMQGZ1uAN0BD1QCAAAAAGNhbnNsaW1AbGlzdHMu eG1pc3Npb24uY29tAFNNVFAAY2Fuc2xpbUBsaXN0cy54bWlzc2lvbi5jb20AAB4AAjABAAAABQAA AFNNVFAAAAAAHgADMAEAAAAbAAAAY2Fuc2xpbUBsaXN0cy54bWlzc2lvbi5jb20AAAMAFQwBAAAA AwD+DwYAAAAeAAEwAQAAAB0AAAAnY2Fuc2xpbUBsaXN0cy54bWlzc2lvbi5jb20nAAAAAAIBCzAB AAAAIAAAAFNNVFA6Q0FOU0xJTUBMSVNUUy5YTUlTU0lPTi5DT00AAwAAOQAAAAALAEA6AQAAAB4A 9l8BAAAAGwAAAGNhbnNsaW1AbGlzdHMueG1pc3Npb24uY29tAAACAfdfAQAAAFMAAAAAAAAAgSsf pL6jEBmdbgDdAQ9UAgAAAABjYW5zbGltQGxpc3RzLnhtaXNzaW9uLmNvbQBTTVRQAGNhbnNsaW1A bGlzdHMueG1pc3Npb24uY29tAAADAP1fAQAAAAMA/18AAAAAAgH2DwEAAAAEAAAAAAAAAgltAQSA AQAuAAAAUkU6IFtDQU5TTElNXSBDTCBIT1JOJ1MgIllvdXIgV2Vla2VuZCBSZXZpZXciALgNAQWA AwAOAAAAzgcFAAcAEAA5AAIABAAwAQEggAMADgAAAM4HBQAHABAAIQAnAAQAPQEBCYABACEAAABG NDg5OTRCOEY2NzlCRDExOUE2OTE2MDI2MEUzRDdBRQA3BwEDkAYADA8AACIAAAALAAIAAQAAAAsA IwABAAAAAwAmAAAAAAALACkAAAAAAAMALgAAAAAAAgExAAEAAADfAAAAUENERkVCMDkAAQACAEwA AAAAAAAAOKG7EAXlEBqhuwgAKypWwgAAbXNwc3QuZGxsAAAAAABOSVRB+b+4AQCqADfZbgAAAEM6 XFdJTkRPV1Ncb3V0bG9vay5wc3QAGAAAAAAAAACraa7uKqbREbKnRAH/wAAAooAAAAAAAAAYAAAA AAAAAKtpru4qptERsqdEAf/AAADCgAAAEAAAAPSJlLj2eb0RmmkWAmDj164uAAAAUkU6IFtDQU5T TElNXSBDTCBIT1JOJ1MgIllvdXIgV2Vla2VuZCBSZXZpZXciAAADADYAAAAAAEAAOQAgC36v+nm9 AR4AcAABAAAALgAAAFJFOiBbQ0FOU0xJTV0gQ0wgSE9STidTICJZb3VyIFdlZWtlbmQgUmV2aWV3 IgAAAAIBcQABAAAAFgAAAAG9efqvEW8tE2LlyBHRsqdERVNUAAAAAB4AHgwBAAAABQAAAFNNVFAA AAAAHgAfDAEAAAAWAAAAY2xob3JuQGFjcHViLmR1a2UuZWR1AAAAAwAGEAAAX/YDAAcQ8gYAAB4A CBABAAAAZQAAAERFUkFMLElUSElOS1RIRVBST0JMRU1JU1RIRURJRkZFUkVOQ0VJTlRIRVBST0dS QU1TVEhBVElVU0VEVE9DUkVBVEVJVChFWENFTDk3KUFORFdIQVRZT1VVU0VUT1ZJRVdJVEkAAAAA AgEJEAEAAADrCgAA5woAAGQXAABMWkZ1p8ut6wMACgByY3BnMTI1cjIMYGMxAzABBwtgbpEOEDAz Mw8WZmUPkk8B9wKkA2MCAGNoCsBzhGV0AtFwcnEyAACSKgqhbm8SUCAwAdCFAdA2D6AwNTA0FCHz AdAUEDR9B20CgwBQA9T7Ef8TC2IT4RRQE7IY9BTQrwcTAoACkQjmOwlvMBrf+mUOMDUcCh0hHN8d 6Rv0/x4SHH8gTyANH48dvxwPEGD8Mjgl2ibxJq8nuRv0J+K/Jk8qHyndKV8njytUOQ5QHy6kMAEo IzAAAoJzdHnqbAeQaAngdAAAE1AD8FBkY3RsCrFcMlhhmGRqdTFwBRBnaAVCOxYyDAFjCcAyYAMw c258ZXgXMAewBbAAwAJzc7EAUHNiMhRQMWBhE/D0XGsJ4HALkDI/MqMIYOsykAuAZTGgdjlgAUAz m78MMDRkKAA3QASgC4BnJ/HpNOZiYRcQZAIgNaA1Rucx0DOQO5EgMTEzDlA2n/83rzi/AFE5/ACg NG48fz2G/zEkD8A+jz+fQK8OUDnvQw/bRB89szMCghMQYzZgS6GTM5A9sHRpOZAgRAEQqGF1bAVA UArAYQnA4GFwaCBGAiE2JCVA6GZpLQ+QOAFAOTBQM+tHDzKjYgsgcglQUlIWoNlSUnc0JUEXAHAB 0E1yfzO/Sp9Lpk/QTpAFEAIwLUNPMANhOiBUb1ewUyh1YmoFkHRXsERh6HRlOjYkNk//UQ9SH/9T L1Q5McA9ow4hS6E6tg5Qm1VvVn5SOYEXASBIPZH7BJA2JDdZb1p/W49cnTkPL12/D5BpcAjQYgqw dDj/SfoPVEYQX79gxmoAYdALULx5L09AXLALEWJFczYk/ygAYz9kT2VfXK9UT2tfbG/vbXVX0ld0 WKk5b78zPwMwHWmzOXOfdK96oERvY/51B4ACMAXQTwAaAXjSeDD3eHBxUQGAblgwAGAJ8E2g730A AgE14F5SZQDwfQAxgJJwHoBcdgiQd2sLgP5ka0CAogTwB0AQYQFADgDvcSI9goIFAhBvBUIXIRLy DVjAbQtRWMAgQzpc6lxXAG9O4W1PMAMQB5BNhLBNDeADYHNvAYAgrk8BIA3gf/BchmZFAMD1AxAu S3B0fdAXEHhwNSHtZ3J4AUB/AW4x0BrwiAQ9TjRjAyAS8wCABZBsdv9BoUbQDnA14IqSAZAAIIsi /4DxfUEBwYqRFuAPcAAARtDzDNABkCAuGhKKiA5Qi0L/TnB4wIu/jM+N3w/ARtAFgbePf5CPkZ9s a0BG0GyPP/uT/5UFKY4MJUCS35e/lPT4YiAoApGY34rTWVCWj/+bT5xfnW+LAGMQnrKLj6Af/6Ev jgwoAJ6/pD+lT6ZfiwD/eACjP6jPqd+q5Ar5AzB4Lxt5P3rNe04gTsBsLCBDCoUKhUkgdGgLgGu3 tQETgBdwbwJghBAgBADvtWM9sAEgiUFuhqC2IAOg/7V1hQK2QliwtOEKhbIQCYD5tQBvIAUAPZCE YU3AqlAMRXiGoAMgOTcpIOsAcDUgd7hieQhguSK5cruAoroRLrR3rKE9kSCGIPG5oG9weT3CtXJy gLnBHmQxw7PwS0C04XN1Z/5nB5BYwDUgPZBxUAiRs/dbfhGnsG+9kbVyNW7wLcg5OC5NMHYgbtAx oNggYnm5oGdwY4DhPeD7AiC8g1cx0LdkCoVGUE3xn7+BPbAHQITwwzBveL3heQeCdXCz8MVzuiG/ gUHATllOQU1FwqK8sN20Blm7oTHACGBsweMDoP5ixaG14blyvgDEkbohA/CrtRAF0lcFsGsEICi0 8OvJkIBgKcioSb3QuFNLcPkHkG4ny1HMAb9hwuAH0fhkYXkEIE7QuZCVUAeA/wbQBJC2kAeQBQHK QDUgCoX/yZAH4LuSgZADoLvSz8EA0L8DYLlzBbAa8LDQvINQMaCdS0EgMaAFQAeAIGuwgf+0BgaQ tWPCqM36wuAFsbuR/i60HNPVE1CEYbhTxAEHQP8DIL3BtXIBkTGh1DAEAMAyn4YQwuAKwcQBuFN3 ZapA/8UGTcATgLTwgZF9EIRCNSDwJU1nbQVAZ3BGoLUC38wxXlEa8AQgZ0EtD0DBwPh0KS/fVQqF Z0HIobTw322QBCALgH9yuVF5wBILIP/PQLhE3vPjsrcQ0yS8sLTw/4UhCoXPkL4zuZABANRB2VX/ COF9IAOgA1LaWrVybtAXAP/msZShtyG0h8AAujG1sspx9+MitjHccGVGoH8QzMHkw/+GENMww1DX UgBww1C1teDH/97zAMDDUBbgTfGBkLkyvLB+VNwzv4G1cgIg6pHdlmn/xAHXUsEGWLCVULhVAMAB AH+/cbCw6GHnVr/QhTC9wUX2UAXwuwJSBfC7QA3gTyD9CoUn6+EIcLcxBCDkOe5z/9sV2fmGEAhw hqAEINdStmP78eIKhXATYMAxvLBtYbVjviW9Qk3As/Dkw+jiZz3CvedDV1ixgmAIYBcQJ+DH+FMm UMlxMeG2QbmQTvF/sLDfgcBxFtDCoANwvLBB/mzbgQtQ0/NLcFggwxEW0L8FkLVQ7Xf5dddVFwFs vdD/v4MFoMmy7nPT8YeQw1DylKu1AIBQb9fNSfXBZwtgf8HitjLKc7YxvcG71defIM+vpLBvsX+D UHtM8aDsMfpI7HBuCS8KM2dwraIKjx8LnxoxNPI1oBLyYmttc8wgrMIgX32Ah5BYoWH0fS0TQk9J obBA3aDLsP/44EZQwAATQwmbsAZi/W8g/w7/cL9xz2c/aE9pX2pvs0T/EUZXc4PwB8BOEbPBYcDS kAZrMaDwQFtTTVRQBjpuEd2gckBXT1IATERORVQuQVT7IlAiMV0U7xX0brsXLxg/3xlPcr+yzEoB EVVTfUEf1P+u4RFV70ADUc8xs/B9gPBAPDA3s/Av8MKAurA6NHozx+BNCZYqSXaxK01D8cfwU0xJ Lg8qwlglK01qWzBlXYSATGJAIfBO2ifL0CLJQdiQV+skYcL9vFEiIv+wQg6/D88o/7NT7w3PN384 jwxjQc9g0aLuMt/TQdnx+8JXIYXwZI8guVF+bc9QA4PO7X6Q0CHy8GdfrTFFUMcAw/EB+SIwZSL6 IDCgUyJQ4ZJGULNh2XX/7/G90EBQvbBYM03h6vHvon+5kNPhDTDZEM8A7XbTUGj5rTBxdfjmTsBM czlAvjZ7MGW68HC1sdKQ//C0HEFQIEJJR1fASMfwS/xTIUzguXI0Eg0h10PfAv++uTSvNbO68vFl VqC6gdRA/31RVqCEMRPg8NO9wU4d4Yd/UdJCQ+XiuZCGENSAtRJn/dy3bYeQ8aG7ArWBuGDF0f9F YrVy1wfUgAXu0ddOHuHi+nPIoUIakL9jvoIHsMAx37PwRWLR4unitXJt+mE63/877zz/PgO70hqB vbK6IcNB70mUuiGwQcahYhPR8NPLc/9FYf2xwYFS3l4PXx9gLz4Dv4Mg2gBnULlR46OsoXKPIN/w 0s9gw0K+BbogO9FSGwHvwNG7QMSR5MF0hALAMrmB//GQvWHVBuNxz6JHgb6t2gH/+Vfh0r3xvFC5 Y9pjvgDbAXdFcbsCB8BvGxAB+VLsSPUa4HBNAEHssb/VasNGxP/RYrmBXUS2MfmTP6HPofFl/0XR TlrOcMmyykJKwdNQxgB3+oPMUsWCV4DxZ1DPYDn6NcvkKbQc70G1QM9isDLfTShM4LQcIDO0HC2u 4BHGJzVSEqgJln0AgzAAAwAQEAAAAAADABEQAAAAAAMAgBD/////QAAHMOCg3mr3eb0BQAAIMOCg 3mr3eb0BCwAAgAggBgAAAAAAwAAAAAAAAEYAAAAAA4UAAAAAAAADAAKACCAGAAAAAADAAAAAAAAA RgAAAAAQhQAAAAAAAAMABYAIIAYAAAAAAMAAAAAAAABGAAAAAFKFAAC3DQAAHgAlgAggBgAAAAAA wAAAAAAAAEYAAAAAVIUAAAEAAAAEAAAAOC4wAAMAJoAIIAYAAAAAAMAAAAAAAABGAAAAAAGFAAAA AAAACwAvgAggBgAAAAAAwAAAAAAAAEYAAAAADoUAAAAAAAADADCACCAGAAAAAADAAAAAAAAARgAA AAARhQAAAAAAAAMAMoAIIAYAAAAAAMAAAAAAAABGAAAAABiFAAAAAAAAHgBBgAggBgAAAAAAwAAA AAAAAEYAAAAANoUAAAEAAAABAAAAAAAAAB4AQoAIIAYAAAAAAMAAAAAAAABGAAAAADeFAAABAAAA AQAAAAAAAAAeAEOACCAGAAAAAADAAAAAAAAARgAAAAA4hQAAAQAAAAEAAAAAAAAAHgA9AAEAAAAF AAAAUkU6IAAAAAADAA00/TcAALWb - ------ =_NextPart_000_01BD79D9.2C73E9A0-- - - ------------------------------ Date: Thu, 07 May 1998 17:12:11 -0400 From: Connie Mack Rea Subject: [CANSLIM] Doing and Un-doing. Members-- A few have told me of their uneasiness with the market and wondered if I too felt what they felt. I have felt what some of you have felt, so much so that this morning I sold four stocks [CXI, BRCP, SRM, and XION [trading stock]]. I had only nominal profits in these and did not want a profit to turn into a loss of any percentage. These are stocks that I will turn back to when their EMAs give another buy. I have just finished looking at three others [STLTF, SCOR, and POWL]. I have decided to hold these three; their OBV/MF/EMA are still in pretty good shape. May I take STLTF to say why I'm holding. On a 3-mos BC chart, the OBV/MF still has a positive divergence. The EMA still has not put out a sell. Now look at a 2-day 15-min chart. Yesterday the OBV tracked price. This morning, though the price weakened, the OBV held nicely. Therefore, a positive divergence. The same can be said of MF: Price weakened and MF held with positive divergence. I have about a 3/4 profit left after today's decline. Were not the OBV/MF/EMA all strong, I would have sold this morning. The strength of these indicators would alone have given me reason to hold into tomorrow. However, take a look at the Slow Sto and MACD. The SlowSto is trying to jump off the top of the chart. The MACD tracked the stock and gave a buy at 3:00. I have said often that indicators squeezed into 1-5 intraday charts are not as reliable as when they are given a longer tether. Traders have no other choice but to live and die by short term indicators. My point is that investors, wishing to disengage, can look at the same charts and see if their long term investment has ripened. There are then certain times when the investor and the trader have need to read the same charts and, possibly, come to the same conclusion: Time to disengage. Irrespective of the sophistication of the new software--some of which I have owned and now no longer use--there is still room for the "primitive" indicators. Look at INDU and NASDAQ on BC. What is OBV/MF telling you? What does the 3,7,10 EMA say? What the directions of MACD and Stochastics. One reason a trader is indifferent to the direction--different from the trend, for he would always wish to trade with the trend--is that he is a person who lives for the moment, and that moment may have an extended duration at the top [for swing traders while profits run], but his moment on the bottom is always and quickly severed with a stop. The investor, when he sells, is a trader. But he is less a trader when he buys because he as already sacrificed some of the traders profit by waiting to see if the long term is a safe prospect. The investor's entry is "soft"--all the criteria that Canslim is an acronym for. The trader's entry is "hard"--EMA, Stochastics, MACD, etc. All indicators that have parameters circumscribed by numbers. A trader lives and dies by numbers and little else, except experience. The reasons for holding the other two stocks [POWL and SCOR] will be clear if you look at them as I have STLTF. Each of them is stopped so that I will take a little profit away. Should they have a 1/2 or 3/4 kick, I would turn them loose or sell half. Never take a loss after you have a profit. Tomorrow, if the scan shows further OBV/MF stocks, I post them. But always try to know the trend [longer term] of the market; inside that trend there is the direction [shorter term]. About as much of an axiom as you'll learn about markets is this: You buy corrections in the longer term. You sell corrections in the shorter term. What must now--again--be decided is: Are we in a correction, long term or short term. If you're an investor and believe that we're in the long term, you hold. If you believe otherwise, you must consider selling. Connie Mack - - ------------------------------ Date: Wed, 6 May 1998 19:35:21 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] ORBI - feedback, pls. At first blush, the EPS of 57 would keep it off my list. At a second glance the poor earnings in 1995 greatly contributed to that low of an EPS, and earnings since and projected for 1998 and 1999 are very strong. But at a third glance, I am not comfortable with the meagre growth of earnings in the past four qtrs compared to the considerably better revenue growth. At this point in a company's development, I expect them to be hitting some "earnings efficiencies" where earnings start to grow faster than revenues. Things like SG&A and R&D should be a smaller percentage of sales, thus translating into ever improving earnings. Doesn't appear to be happening here. Maybe there's a story on why, but what I see wouldn't inspire me to research it and find an excuse to own it. Tom W - -----Original Message----- From: N. Moore To: canslim@lists.xmission.com Date: Thursday, May 07, 1998 12:12 PM Subject: [CANSLIM] ORBI - feedback, pls. >ORBI has declined steadily over the past several days, despite good news in >the area. Does this look like a sell or should I just be patient and ride >it out - could it be the beginning of a decline, or just a long sidewind? > >TIA, > >Naomi > - - ------------------------------ End of canslim-digest V2 #229 ***************************** 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.