From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #233 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, May 11 1998 Volume 02 : Number 233 In this issue: [CANSLIM] GW Buying Re: [CANSLIM]When to buy Tony's Watch List? Re: [CANSLIM]When to buy Tony's Watch List? - reply Re: [CANSLIM]When to buy Tony's Watch List? Re: [CANSLIM] Re.SG&A Re: [CANSLIM] GW Buying [CANSLIM] RESC, XETA,LIFC Re: [CANSLIM]When to buy Tony's Watch List? - reply Re: [CANSLIM] Tony's Watch List for This Week Re: [CANSLIM] Not a setup Re: [CANSLIM] GW Buying [CANSLIM] Pit Bull Investor Re: [CANSLIM] RESC, XETA,LIFC Re: [CANSLIM] Pit Bull Investor Re: [CANSLIM] GW Buying Re: [CANSLIM] RENG (was Adds to my watch list) [CANSLIM] What's left on my "watch" list Re: [CANSLIM] Selections from "Your Weekend Review" [CANSLIM] Re.DKB Re: [CANSLIM] Pit Bull Investor Re: [CANSLIM] Re.DKB Re: [CANSLIM] TXCC - breaking out..... [CANSLIM] Some late additions to my "watch" list [CANSLIM] One final addition [CANSLIM] US funds expecting economic slowdown ---------------------------------------------------------------------- Date: Sun, 10 May 1998 17:32:00 -0400 From: "James Adams" Subject: [CANSLIM] GW Buying I don't remember which day I mentioned Grey Wolf, Inc. (GW), nevertheless, I noticed that on Friday the last trade was a 30k buy, about a 150K purchase. Is there an inference to be drawn by such a large buy, other than somebody has a chunk of money and likes the stock? Also, watching GX and TXCC, which I asked for comments on Thursday, to possibly buy tomorrow. I emphasize possibly, because they are somewhat extended. GX was up 2.15 on 3x adv and TXCC up .50 on 3x adv. Any thoughts, comments, criticisms alway welcome. James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Sun, 10 May 1998 17:45:30 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM]When to buy Tony's Watch List? - --------------7BFD9742DF154EC2A52C880E Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Evening Tony, Larry-- May I play devil's advocate on your watch list? Tony likes best TMBS and RGFC. Let's take RGFC [or any stock on the list]. Bringing to bear all your Canslim principles on RGFC, is now the time to buy? If not now, when? I.e., at the conjunction of certain specified events? At a specified price? May I then compare how a trader looks at RGFC? It would be useful to Canslimers if, fortuitously, there were times of conjunction for both buying and selling. Or if a trader's reading of indicators--quite different from Canslim's--supplemented a Canslim reading. Connie Mack - --------------7BFD9742DF154EC2A52C880E Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Evening Tony, Larry--

May I play devil's advocate on your watch list?  Tony likes best TMBS and RGFC.

Let's take RGFC [or any stock on the list].  Bringing to bear all your Canslim principles on RGFC, is now the time to buy?

If not now, when?  I.e., at the conjunction of certain specified events?  At a specified price?

May I then compare how a trader looks at RGFC?  It would be useful to Canslimers if, fortuitously, there were times of conjunction for both buying and selling.  Or if a trader's reading of indicators--quite different from Canslim's--supplemented a Canslim reading.

Connie Mack - --------------7BFD9742DF154EC2A52C880E-- - - ------------------------------ Date: Sun, 10 May 1998 19:06:23 -0400 From: "Tony Austin" Subject: Re: [CANSLIM]When to buy Tony's Watch List? - reply Connie, I'm not sure if you are directing this question to me, but I will attempt an answer, for the sake of discussion. First, I have a growing list of CS stocks, that are in conformance with the criteria. During the weekend, I go through this growing list at look for those stocks that are either giving buy signals, from a technical stand point, or look like they might be setting themselves up for a buy signal in the next few days. So, the fact that they show up on a short term watch list, does not mean they are ready to buy. Second, the buy signal for me, will come when the stock breaks above the previous high with supporting volume. A couple on the list, you will note, have already penetrated these highs, with some drifting back down into the entry envelope. An entry on a retraction is not ideal, but should be considered for these strong equities. Is the retraction market driven or specific to the stock itself. Third, the basic CS view is to buy on the breakout. All this technical analysis we enjoy doing, should only provide welcome verification of a healthy upward move through the previous high. So, in short. I am not saying that any of these issues are ready to buy. Although a few of them are indeed in the buy range, MHK, RENG and TMBS. You have to look to see if this is the first break into the 5% envelope, or is it a retraction. If a retraction, such as TMBS, does the equity warrant a late entry....will it reverse and continue it's upward move. For those questions, I will rely soley on technical indicators like short term TSV and stochastics. Hope this doesn't ramble, and not sure what you're setting me up for with your question, but like I said. Take your shots. I enjoy and benefit from the discussion. Regards, Tony - - ------------------------------ Date: Sun, 10 May 1998 19:34:21 -0400 From: "Tony Austin" Subject: Re: [CANSLIM]When to buy Tony's Watch List? Let's take RGFC [or any stock on the list]. Bringing to bear all your Canslim principles on RGFC, is now the time to buy? Specific response on RGFC. A couple of obvious issues: First, it has doubled since January. Is that a CS issue, not really. What CS looks for is strong stocks that have corrected and/or consolidated for a number of weeks, gathering strength for another upward move. RGFC as been correcting for only two 1/2 weeks. If it returns to it's upward posture, I would hope it does not break above 44 for two or three week yet. However, it is on my list because I might make an early entry is I get some reading of a bottom this week or next. The price pattern on Friday, I do like to see as a stock nears the bottom of a correction. A large range, in comparison to the previous 5 trading days, or so, and a strong finish at the end of the day. Does that signal a bottom, of course not, but it puts one feather in it's hat. We're looking for a couple more. Second, a few technical observations. OBV is flat. MS is negative. Very short term TSV has turned positive but not strongly so. TSV for 15 days is still looking negative. Stochastic gave a sell on 4/24 and is still looking negative, although it is at the bottom of it's range and turned ever so slightly possitive on Friday. MACD and Wilders RSI are both looking negative, but have remained in the high part of their range all year, because of the strong trend. So, like I have said. This is not screaming buy as of the close on Friday. From a strict CS perspective, I hope it will not give a buy signal before the last week of this month. I am listing if now only for myself, and anyone who may with to consider an entry near the bottom of this correction, if it allows us to do so. Anyway, I'm getting wordy. I welcome your comments and review. Tony - - ------------------------------ Date: Sat, 9 May 1998 20:11:34 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re.SG&A Sales (or selling), General and Administrative - sometimes referred to as "overhead" altho this is not entirely accurate. It costs a mostly fixed amount for the G&A (which covers everyone from the Chairman and CEO and the Board down to the secretaries and receptionist and file clerks that provide the support), and the S is likely to increase as sales (revenues) increase, altho hopefully not as fast. Another term you may see is EBITDA which is Earnings Before Income Tax, Depreciation, and Amortization - a useful item to inspect on an historic basis as it usually gives a pretty good picture of whether "operational earnings" are really increasing, as opposed to only looking at the net earnings, which, depending on the site, may or may not include non-recurring events and/or cost cutting measures which may not endure. Tom W - -----Original Message----- From: JANSI1AUG1 To: CANSLIM@xmission.com Date: Sunday, May 10, 1998 12:12 PM Subject: [CANSLIM] Re.SG&A >Tom: What does "SG&A" stand for? > > jans > >- > - - ------------------------------ Date: Sat, 9 May 1998 20:27:08 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] GW Buying James, With an RS of 27 and an EPS of 45, it's hardly a CS candidate. And with an ADV of 806,400 a single trade of 30,000 isn't significant, even occurring right at the close. Interesting to note, too, that this "under $5" stock must represent about 6 or 7% of the average volume on AMEX. Tom W - -----Original Message----- From: James Adams To: Canslim Date: Sunday, May 10, 1998 5:31 PM Subject: [CANSLIM] GW Buying >I don't remember which day I mentioned Grey Wolf, Inc. (GW), nevertheless, I >noticed that on Friday the last trade was a 30k buy, about a 150K purchase. >Is there an inference to be drawn by such a large buy, other than somebody >has a chunk of money and likes the stock? >Also, watching GX and TXCC, which I asked for comments on Thursday, to >possibly buy tomorrow. I emphasize possibly, because they are somewhat >extended. GX was up 2.15 on 3x adv and TXCC up .50 on 3x adv. >Any thoughts, comments, criticisms alway welcome. > >James Adams......................Maysville, KY USA >http://www.cris.com/~jimadams/ >Internet Pager 1343361@pager.mirabilis.com > > >- > - - ------------------------------ Date: Sun, 10 May 1998 19:38:45 -0500 From: "Joe Scott" Subject: [CANSLIM] RESC, XETA,LIFC This is a multi-part message in MIME format. - ------=_NextPart_000_00D8_01BD7C4B.3F0DC3A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable The only three I'm watching coming into the week,=20 RS EPS RANK LAST 1/4 GROWTH FUNDS DEBT TIME XETA 85 = 39% 97 100% 80% 2% 0 A RESC 90 25% 94 65% 44% 19% 27% = B LIFC 83 NA 39 NA NA 19% = =20 LIFC, not a CANSLIM pick, although there has been some news over weekend = about this tech, but not this stock, is in bit of base so i thought I = would watch volume on monday. XETA, RESC both look on chart, will be watching volume. Considered a play on KIDD but I'm afraid its too far extended, which means its up 3 tomorrow. I made a few bad buys last week, got away from the plan,=20 and it bit me. Shock collar didn't work. Wadda ya think on these ? don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - ------=_NextPart_000_00D8_01BD7C4B.3F0DC3A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

The only three I'm watching coming into the = week,=20
         =20 RS  EPS   RANK  LAST 1/4  GROWTH  FUNDS = DEBT TIME=20 XETA 85   = 39%    =20 97        =20 100%       =20 80%           =20 2%        =20 0         A
RESC 90  25%     =20 94         =20 65%        =20 44%           =20 19%      27%    B
LIFC    83  =20 NA      =20 39         =20 NA          =20 NA            = ;   =20 19%        
 
LIFC, not a CANSLIM pick, although there has been some news over = weekend=20 about this tech, but not this stock,  is in bit of base so i = thought I=20 would watch volume on monday.
 
XETA, RESC both look on chart, will be = watching=20 volume.
Considered a play on KIDD but I'm = afraid its too=20 far extended,
which means its up 3 tomorrow.
 
I made a few bad buys last week, got away = from the=20 plan,
and it bit me. Shock collar didn't = work.
Wadda ya think on these ?
 
don't know a thing
joe
 
joe@2fords.net
http://www.2fords.net/joe/
<= /DIV>
 
 
- ------=_NextPart_000_00D8_01BD7C4B.3F0DC3A0-- - - ------------------------------ Date: Sun, 10 May 1998 20:38:53 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM]When to buy Tony's Watch List? - reply - --------------8D385F4B74C2045BC916DE72 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Tony-- What I intended was certainly not a "setup." Because both you and Larry mentioned TMBS, let me take a trader's look. Several members have either bought or are thinking to buy. I would have passed on the stock, but all things did not look bad. It gave an EMA buy on April 5th or 6th at about 15.5. Technically, that buy is still alive. The OBV has tracked, and is tracking, price. However, the MoneyFlow has shown a negative divergence for a month. The SlowSto has been making lower lows for two months. Its retracement has failed to make a higher high. Presently, the SS is rolling over. The MACD gave a buy about the same time as did my EMA. Technically, it is still alive, but appearing to weaken. The Volulme+ indicator shows a nice falling off of volume on the recent correction. Here is an instance for me when my dependence on positive divergence of OBV/MF would have kept me out of the stock. Remember that when OBV/MF is tracking a stock, there is much to be said for that stock. There is a bit more to be said in its favor if you can discern that the OBV/MF has a slight upward bias; i.e., its trendline is rising slightly faster than price. Because of chart perspective, this may not be possible. For the Canslimer, a positive tracking [different from a positive divergence] or a positive tracking with a recognizable upward OBV/MF bias is all that you may ask of a chart. And this would be a strong chart for most traders and for Canslimers. I just arbitrarily choose to work from a different perspective and ask that different criteria be satisfied. It will be informative to see if the negative divergence will manifest itself negatively on price. There is this to note, that during five days of the most recent correction, the MF has held steady. There is for the Canslimer some dilemma over TMBS. Were he to consider OBV/MF, but for the moment disregard my absolute requisite for positive divergence before buying, he still has a to-and-fro set of ambiguous indicators. Positive: OBV tracking; still-in-effect EMA. Negative: SlowSto making lower lows and presently weakening; MACD deteriorating slowly; negative MF divergence. Another trader axiom is this: If you're not sure, don't. . . . I would not at all be displeased if I am wrong about TMBS. We are here to make money, are we not? Connie Mack P.S. Since finishing this, Tony has explained to me the Canslim principle of the 5% envelope, etc. I did not know of this principle. P.S.S. Tony has sent me a further mail about RGFC. I'll not comment on it since I have already looked at TMBS. - --------------8D385F4B74C2045BC916DE72 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit  

Tony--

What I intended was certainly not a "setup."

Because both you and Larry mentioned TMBS, let me take a trader's look.  Several members have either bought or are thinking to buy.

I would have passed on the stock, but all things did not look bad.  It gave an EMA buy on April  5th or 6th at about 15.5.  Technically, that buy is still alive.  The OBV has tracked, and is tracking, price.

However, the MoneyFlow has shown a negative divergence for a month.

The SlowSto has been making lower lows for two months.  Its retracement has failed to make a higher high.  Presently, the SS is rolling over.

The MACD gave a buy about the same time as did my EMA.  Technically, it is still alive, but appearing to weaken.

The Volulme+ indicator shows a nice falling off of volume on the recent correction.

Here is an instance for me when my dependence on positive divergence of OBV/MF  would have kept me out of the stock.  Remember that when OBV/MF is tracking a  stock, there is much to be said for that stock.  There is a bit more to be said in its favor if you can discern that the OBV/MF has a slight upward bias; i.e., its trendline is rising slightly faster than price.  Because of chart perspective, this may not be possible.

For the Canslimer, a positive tracking [different from a positive divergence] or a positive tracking with a recognizable upward OBV/MF bias is all that you may ask of a chart.  And this would be a strong chart for most traders and for Canslimers.  I just arbitrarily choose to work from a different perspective and ask that different criteria be satisfied.

It will be informative to see if the negative divergence  will manifest itself negatively on price.  There is this to note, that during five days of the most recent correction, the MF has held steady.

There is for the Canslimer some dilemma over TMBS.  Were he to consider OBV/MF, but for the moment disregard my absolute requisite for positive divergence before buying, he still has a to-and-fro set of ambiguous indicators.  Positive: OBV tracking; still-in-effect EMA.  Negative: SlowSto making lower lows and presently weakening; MACD deteriorating slowly; negative MF divergence.

Another trader axiom is this: If you're not sure, don't. . . .

I would not at all be displeased if I am wrong about TMBS.  We are here to make money, are we not?

Connie Mack

P.S.  Since finishing this, Tony has explained to me the Canslim principle of the 5% envelope, etc.  I did not know of this principle.

P.S.S.  Tony has sent me a further mail about RGFC.  I'll not comment on it since I have already looked at TMBS.
  - --------------8D385F4B74C2045BC916DE72-- - - ------------------------------ Date: Sun, 10 May 1998 17:53:11 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] Tony's Watch List for This Week A ratioo of 1 or 2 D/E doesn't worry me at all. 5+ worries me. At 04:58 PM 5/10/98 -0400, you wrote: >Debt:Equity looks high on SUT and MTXC; also, it might be too high on EDAC and MHK >depending on one's preferences. > >%Institut is a little high on MHK and DCR and too low for RENG and EDAC. Again, >depending on one's preferences, it might be too high on SUT. Ryan says this should >be a few to about 30%. > >ROE is great on all of these except RENG. Not that WON ever mentions this, or that >we should consider it important. I just use it b/c it has been mentioned in IBD >articles and sounded like a useful measurement of the management. > >%Mgmt is high on EDAC and I couldn't find %Mgmt for MTXC or RGFC. Ryan says this >should be 15-50%. > >EPS of 75 is low for me on EDAC but you posted that data so it must be okay for you. > >Out of these, I like TMBS and RGFC the best but I would want to find the %Mgmt data >first. I just posted about TMBS's chart yesterday so there's no need to repeat that. >For RGFC, it's been in a 39-44 range for the past 14 days and it had low volume last >week even on up days. The weekly slow stochs has been above 80 since mid-Jan >and the fast line just crossed below it. The daily slow stochs just gave a buy signal >though. The daily MACD signaled a sell 5 days ago. It hasn't touched its 50 dma >since mid-Jan and I wonder if it's heading there now. I'll keep watching this one with >you. > >Larry Horn >-----Original Message----- >From: Tony Austin [SMTP:tonya@awod.com] >Sent: Sunday, May 10, 1998 9:03 AM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] RENG (was Adds to my watch list) > > >Ok, everybody take your shots. > > >Watch List for This Week > > >This Week > >Sym EPS RelSt A/D GrpStr Qtr1 Qtr2 Qtr3 Qtr4 Recnt >High Current Max Entry > >MHK 88 93 A A 78 55 42 15 > 33.88 34.81 35.57 >SUT 96 93 A C 35 -27 47 > 43.62 42.81 45.8 >MTXC 93 97 A D 86 74 > 29.25 27.63 30.71 >RENG A > 6.37 6.63 6.69 > >Extended Watch > >DCR 93 92 B A 95 47 25 21 > 59.5 55.13 62.5 >RGFC 85 97 A A 95 12 16 > 44 40 46.2 >EDAC 75 98 A A 128 > 13 12.38 13.65 >TMBS 99 94 B A 214 129 222 74 > 18.75 20.05 19.69 > > >The Quarterly EPS growth numbers listed, are those provided by TC2000, and >differ from the values one will find in IBD. I can only assume these are >non-diluted numbers, or something. > >Specific Comments: >MHK - Broke above short term resistance on Thursday of last week. Volume >has been growing increasingly positive, OBV and TSV are both positive. >MTXC - Group stRENGth is poor, but fundamentals are building. TSV turned >positive last week, with a stochastic buy being given on 5/1. Had a strong >volume increase on Friday. >SUT - Has consolidated for eight weeks after a large run up. Indicators are >turning positive with stochastic turning very positive on 4/30. > > >Tony > > > > >- > > >- > > > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Sun, 10 May 1998 20:56:53 -0400 From: "Tony Austin" Subject: Re: [CANSLIM] Not a setup What I intended was certainly not a "setup." I know Connie, that was supposed to be a humorous way of saying, if I enter into a discussion of technical merit over a stock, my comparison will pale to yours. Or rather, my participation was the setup. I appreciate your comments, as always. Tony - - ------------------------------ Date: Sun, 10 May 1998 21:52:14 -0400 From: "James Adams" Subject: Re: [CANSLIM] GW Buying From: Tom Worley wrote: >James, >With an RS of 27 and an EPS of 45, it's hardly a CS candidate. And >with an ADV of 806,400 a single trade of 30,000 isn't significant, >even occurring right at the close. Interesting to note, too, that this >"under $5" stock must represent about 6 or 7% of the average volume on >AMEX. Tom, thanks for the quick reply. I'm not sure why I was following GW, I need to re-examine my notes. You are correct it is definitely not a CANSLIM. I didn't compare vol with AMEX vol for Friday and it is interesting that it was that much of a % of AMEX's vol. I don't think I've seen one stock's volume account for so much of the total before. James Adams......................Maysville, KY USA http://www.cris.com/~jimadams/ Internet Pager 1343361@pager.mirabilis.com - - ------------------------------ Date: Sun, 10 May 1998 21:53:22 -0400 From: Jack Lykins Subject: [CANSLIM] Pit Bull Investor Tom ( or anybody else in the know); Do you have any information/thoughts on the Pit Bull Investor. How does it differ from the CANSLIM - what else do they look at??? The last time I saw the price it was only $50. Jack Lykins - - ------------------------------ Date: Sat, 9 May 1998 22:03:46 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] RESC, XETA,LIFC The EPS of 39 on LIFC would keep me out of it (yeah, I know, the industry has a history of not making money, which is one of the reasons for that industry being on my personal "bias" list these days). The other two look worth watching, but beyond my upper price threshold, so didn't examine closely. Tom W - -----Original Message----- From: Joe Scott To: CANSLIM Date: Sunday, May 10, 1998 8:35 PM Subject: [CANSLIM] RESC, XETA,LIFC The only three I'm watching coming into the week, RS EPS RANK LAST 1/4 GROWTH FUNDS DEBT TIME XETA 85 39% 97 100% 80% 2% 0 A RESC 90 25% 94 65% 44% 19% 27% B LIFC 83 NA 39 NA NA 19% LIFC, not a CANSLIM pick, although there has been some news over weekend about this tech, but not this stock, is in bit of base so i thought I would watch volume on monday. XETA, RESC both look on chart, will be watching volume. Considered a play on KIDD but I'm afraid its too far extended, which means its up 3 tomorrow. I made a few bad buys last week, got away from the plan, and it bit me. Shock collar didn't work. Wadda ya think on these ? don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - - ------------------------------ Date: Sat, 9 May 1998 22:11:11 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Pit Bull Investor Never tried it. From comments I have heard, it seems to be similar to Motley Fool (which I also have not tried) in that it may be good for getting you into high momentum type (many/most also CS type) stocks, but very poor on getting you out. Tom W - -----Original Message----- From: Jack Lykins To: canslim@lists.xmission.com Date: Sunday, May 10, 1998 9:53 PM Subject: [CANSLIM] Pit Bull Investor >Tom ( or anybody else in the know); > >Do you have any information/thoughts on the Pit Bull Investor. How does >it differ from the CANSLIM - what else do they look at??? > >The last time I saw the price it was only $50. > >Jack Lykins > > > >- > - - ------------------------------ Date: Sat, 9 May 1998 22:08:11 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] GW Buying Ya gotta remember, I often have a real "bent" way of looking at stocks!! (esp ones on AMEX). Tom W - -----Original Message----- From: James Adams To: canslim@lists.xmission.com Date: Sunday, May 10, 1998 9:52 PM Subject: Re: [CANSLIM] GW Buying > >From: Tom Worley wrote: > > >>James, >>With an RS of 27 and an EPS of 45, it's hardly a CS candidate. And >>with an ADV of 806,400 a single trade of 30,000 isn't significant, >>even occurring right at the close. Interesting to note, too, that this >>"under $5" stock must represent about 6 or 7% of the average volume on >>AMEX. > > >Tom, thanks for the quick reply. I'm not sure why I was following GW, I need >to re-examine my notes. You are correct it is definitely not a CANSLIM. I >didn't compare vol with AMEX vol for Friday and it is interesting that it >was that much of a % of AMEX's vol. I don't think I've seen one stock's >volume account for so much of the total before. > >James Adams......................Maysville, KY USA >http://www.cris.com/~jimadams/ >Internet Pager 1343361@pager.mirabilis.com > > >- > - - ------------------------------ Date: Sat, 9 May 1998 22:28:12 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] RENG (was Adds to my watch list) Tony, No need to take shots here. Good presentation, looks like you did your homework. However, take MTXC off your list, it's under a merger buyout with Fidelity Nat'l, so already pretty fully valued except for the arbitrage players (when I looked at the chart, I spotted this right away and went and verified it with news stories). I remain confused by TMBS. By CS standards, it should be doing better. I'm not keeping it on my "active" watch list, but still looks like there's potential there. The rest of the list looks good, but above my price threshold, so didn't examine closely. Tom W - -----Original Message----- From: Tony Austin To: canslim@lists.xmission.com Date: Sunday, May 10, 1998 9:00 AM Subject: Re: [CANSLIM] RENG (was Adds to my watch list) > >Ok, everybody take your shots. > > >Watch List for This Week > - - ------------------------------ Date: Sat, 9 May 1998 22:32:50 -0400 From: "Tom Worley" Subject: [CANSLIM] What's left on my "watch" list Am still reviewing and printing charts, but these are what I have left on my active list: Hot for next week: MTIC, GPTX Watching: EPIQ, SORC, ORCI, TTILF, MTON, FTIC, DKWD, PVCC, SPEC, VARL, MDII, CAER, RENG, SNHY, SHOO, TXCC, BOCB I will try to post later on the basic CS stuff on each, once I get the charts printed (just discovered they're now printing in color, where have I been??). While it's often not apparent, I do try to fight my personal "bias", thus there's one foreign stock on the list, as well as one vaguely medical related. Tom W - - ------------------------------ Date: Sat, 9 May 1998 23:01:23 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Selections from "Your Weekend Review" Larry, I didn't have the time this weekend to review each, but of the four that you mentioned, MCSC looks like it could be rolling over. The up/down ratio of 0.7 would also support this. VIP looks extended here and needs to base, I also note that the earnings in Q3 were down sharply from the prior year (frankly I'm surprised its EPS is so high, because of this). However, the Russian mkt is likely wide open for new growth, so next qtr could help clarify the trend of business. Tom W - -----Original Message----- From: Larry Horn To: CANSLIM (E-mail) Date: Saturday, May 09, 1998 8:32 PM Subject: [CANSLIM] Selections from "Your Weekend Review" >I just posted my spreadsheet of selections from "Your Weekend Review" at >Of those 75, the ones with %Mgmt 15-50%, %Instit 5-30%, ROE >15, Shares <30 mil, are >MCSC, TMBS, PHHM, and VIP (well actually, I didn't find %Instit for VIP). Unfortunately, >none of the charts look like great buys at this point to me, but they are worth watching. > - - ------------------------------ Date: Sun, 10 May 1998 23:05:41 EDT From: JANSI1AUG1 Subject: [CANSLIM] Re.DKB Tom (or anyone): Does anyone know what happened to DKB in February to cause it to gap up like it did.? I've looked everywhere I know where to look (even message boards), and I can't find anything. Is there a sight that would have such historic information in a news format? jans - - ------------------------------ Date: Sun, 10 May 1998 21:18:36 -0700 From: Dan Sutton Subject: Re: [CANSLIM] Pit Bull Investor Jack Lykins wrote: > > Tom ( or anybody else in the know); > > Do you have any information/thoughts on the Pit Bull Investor. How does > it differ from the CANSLIM - what else do they look at??? > I bought the PITBUll system a couple of years ago, and after trying it for a couple of months with no success, ended up corresponding with the owner/founder/publisher/whatever..Mr. Ford. He gave me his criteria for a prosearch in TELESCAN and I still couldn't find any more winners than losers. I backtested the criteria as he explained it for a 2 year period and there were certainly some winners, but there were just as many losers. He basically looks for high relative strength, high EPS stocks that are within x% of historic highs and x% of annual low. It's just like any other "can't miss " system, it works best for the guy selling the info. Thegood thing about the PB system was that it came with a money back guarantee, so I got mine back. - - ------------------------------ Date: Sun, 10 May 1998 01:27:16 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re.DKB Jans, checked several of the sites I use for news, none go back that far. Simplest bet might just to be to call the company (815-758-3461) and ask them what happened. Tom W - -----Original Message----- From: JANSI1AUG1 To: CANSLIM@xmission.com Date: Sunday, May 10, 1998 11:04 PM Subject: [CANSLIM] Re.DKB >Tom (or anyone): > > Does anyone know what happened to DKB in February to cause it to gap up >like it did.? I've looked everywhere I know where to look (even message >boards), and I can't find anything. Is there a sight that would have such >historic information in a news format? > > jans > >- > - - ------------------------------ Date: Sun, 10 May 1998 01:45:58 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] TXCC - breaking out..... Thanks, James - added it to my watch list, looks interesting. Tom W - -----Original Message----- From: James Adams To: Canslim Date: Friday, May 08, 1998 1:11 PM Subject: [CANSLIM] TXCC - breaking out..... >Transwitch TXCC is up 1.00 on 3x adv.....at 12:46 edt. > >James Adams......................Maysville, KY USA >http://www.cris.com/~jimadams/ >Internet Pager 1343361@pager.mirabilis.com > > >- > - - ------------------------------ Date: Sun, 10 May 1998 02:00:08 -0400 From: "Tom Worley" Subject: [CANSLIM] Some late additions to my "watch" list INSUA, MECN, RELL Still printing charts, will try to type up a table of the CS stuff tomorrow, actually later today. Tom W - - ------------------------------ Date: Sun, 10 May 1998 07:29:15 -0400 From: "Tom Worley" Subject: [CANSLIM] One final addition Also added FDPC to my watch list before I say goodbye to DailyGraphs Online. Gonna miss ya, DGO! Tom W - - ------------------------------ Date: Tue, 12 May 1998 00:38:32 +1200 From: "Dean Edwards" Subject: [CANSLIM] US funds expecting economic slowdown This is a multi-part message in MIME format. - ------=_NextPart_000_00F3_01BD7D3E.4A757D20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable 05/11 06:00 US funds expecting economic slowdown - Merrill=20 LONDON, May 11 (Reuters) - U.S. fund managers are less optimistic about = the prospects for the domestic economy, according to the Merrill Lynch = Gallup Global survey for May released on Monday.=20 Only 10 percent of fund managers polled expected the economy would = strengthen over the next 12 months versus 24 percent in April.=20 "Waning optimism is probably due to the belief that the Fed will = intervene if activity continues to surprise on the upside," said Trevor = Greetham, global strategist at Merrill Lynch.=20 The balance of managers expecting the Fed's next move would be a hike in = rates outnumbered those expecting a cut by almost two to one, the report = said.=20 The survey showed an increasing proportion of U.S. fund managers were = switching out of domestic equities into bonds. Buyers of U.S. Treasuries = outnumbered sellers by 18 percent versus 11 percent in April's survey.=20 Within the stock market, managers' preferences were for "bond sensitive" = financials and not "growth sensitive" industrials, it said.=20 In Europe, U.S. money managers are still enthusiastic equity buyers with = buyers outnumbering sellers by 18 percent and bulls outnumbering bears = by 46 percent on a three month outlook.=20 "Earnings (in Europe) should continue to come in strong and interest = rates could stay low for longer than many expect," said Greetham.=20 The survey showed a pick-up of interest in Japanese stocks, with the = balance of buyers over sellers at six percent versus equal numbers of = each in April.=20 Emerging Europe rose to be U.S. managers most fancied emerging market = from Latin America last month, the report showed.=20 Half of those polled said emerging Europe was their favourite region for = the next 12 months versus 13 percent holding this view in April. Some 28 = percent chose Latin America in May versus 55 percent last month.=20 The survey was conducted between May 1 and 6 with 39=20 - ------=_NextPart_000_00F3_01BD7D3E.4A757D20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

05/11 06:00 US funds expecting economic slowdown - Merrill =

LONDON, May 11 (Reuters) - U.S. fund managers are less optimistic = about the=20 prospects for the domestic economy, according to the Merrill Lynch = Gallup Global=20 survey for May released on Monday.=20

Only 10 percent of fund managers polled expected the economy would = strengthen=20 over the next 12 months versus 24 percent in April.=20

"Waning optimism is probably due to the belief that the Fed will = intervene if activity continues to surprise on the upside," said = Trevor=20 Greetham, global strategist at Merrill Lynch.=20

The balance of managers expecting the Fed's next move would be a hike = in=20 rates outnumbered those expecting a cut by almost two to one, the report = said.=20

The survey showed an increasing proportion of U.S. fund managers were = switching out of domestic equities into bonds. Buyers of U.S. Treasuries = outnumbered sellers by 18 percent versus 11 percent in April's survey.=20

Within the stock market, managers' preferences were for "bond=20 sensitive" financials and not "growth sensitive" = industrials, it=20 said.=20

In Europe, U.S. money managers are still enthusiastic equity buyers = with=20 buyers outnumbering sellers by 18 percent and bulls outnumbering bears = by 46=20 percent on a three month outlook.=20

"Earnings (in Europe) should continue to come in strong and = interest=20 rates could stay low for longer than many expect," said Greetham.=20

The survey showed a pick-up of interest in Japanese stocks, with the = balance=20 of buyers over sellers at six percent versus equal numbers of each in = April.=20

Emerging Europe rose to be U.S. managers most fancied emerging market = from=20 Latin America last month, the report showed.=20

Half of those polled said emerging Europe was their favourite region = for the=20 next 12 months versus 13 percent holding this view in April. Some 28 = percent=20 chose Latin America in May versus 55 percent last month.=20

The survey was conducted between May 1 and 6 with 39=20

- ------=_NextPart_000_00F3_01BD7D3E.4A757D20-- - - ------------------------------ End of canslim-digest V2 #233 ***************************** 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.