Subject: Re: [CANSLIM] ISLE This is a multi-part message in MIME format. - ------=_NextPart_000_004A_01C1F141.78F9CE50 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks for the input. What source do you use to find earnings ect? It sure would be nice to have one site with all the info you wanted at = your finger tips at a click of a button. Marty ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 01, 2002 5:03 PM Subject: Re: [CANSLIM] ISLE Hi Marty, I had this one in my VR Fund, and sold it too soon, but still a nice = profit. My reasons for selling at the time were several. First, revenues looked to me like they were beginning to stagnate. With one quarter to go, appears they need to earn 50 cents to make the = forecast for full year. That looks like a stretch. debt is reported as extremely high (613%) growth for the new year (which just started today) is for a further = 20% growth, I like a bigger figure huge gap between cash flow ($3.43) and earnings, which I didn't care = to take the time to investigate Tom Worley stkguru@bellsouth.net AIM: TexWorley ----- Original Message -----=20 From: Marty=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 01, 2002 7:23 PM Subject: [CANSLIM] ISLE I'm new to this and would like some opions on this stock. What I really like is the graph. It looks like a 19 day base thats is = sloping down with light volume. If volume pick up would a pp of 21.79 be = correct? I also like the general slope of the graph UP! Ranked top (#1) of the Leisure Gaming=20 EPS 97 =20 RS 97 Ind Group A+ ROE 18.2% Outstanding Shares 31.5 mil PE 19.5 =20 Any Thoughts Thanks Marty =20 =20 =20 - ------=_NextPart_000_004A_01C1F141.78F9CE50 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Thanks for the input.

What source do you use to find earnings = ect?

It sure would be nice to have one site = with all the=20 info you wanted at your finger tips at a click of a button.

Marty

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

Sent: Wednesday, May 01, 2002 = 5:03=20 PM

Subject: Re: [CANSLIM] = ISLE

Hi Marty,

I had this one in my VR Fund, and sold it too = soon, but=20 still a nice profit. My reasons for selling at the time were=20 several.

First, revenues looked to me like they were = beginning to=20 stagnate.

With one quarter to go, appears they need to = earn 50=20 cents to make the forecast for full year. That looks like a=20 stretch.

debt is reported as extremely high = (613%)

growth for the new year (which just started = today) is=20 for a further 20% growth, I like a bigger figure

huge gap between cash flow ($3.43) and = earnings, which I=20 didn't care to take the time to investigate

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

----- Original Message -----=20
From: Marty=20

To: canslim@lists.xmission.com=

Sent: Wednesday, May 01, 2002 7:23 PM

Subject: [CANSLIM] ISLE

I'm new to this and would like some = opions on=20 this stock.

What I really like is the graph. It = looks like a=20 19 day base thats is sloping down with light volume. If volume pick up = would a=20 pp of 21.79 be correct?

I also like the general slope of the = graph=20 UP!

Ranked top (#1) of the Leisure Gaming =

EPS 97    =    =20

RS 97

Ind Group A+

ROE 18.2%

Outstanding Shares 31.5 = mil

PE 19.5

Any Thoughts

Thanks

Marty

- ------=_NextPart_000_004A_01C1F141.78F9CE50-- - - - -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: Wed, 1 May 2002 21:53:58 -0400 From: "Parnelli" Subject: Re: [CANSLIM] USLB This is a multi-part message in MIME format. - ------=_NextPart_000_0099_01C1F15A.B2A39460 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable You're definitely right Katherine about experience being the best = teacher. I have two stupid questions (intended to get me up to speed so = I can contribute to the board), what is WON and is there a tool that can = help me find the pivot point? I really do appreciate your help!!! = - -Parnelli ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 01, 2002 9:46 PM Subject: Re: [CANSLIM] USLB Youch....well, you've probably learned the second most important rule = in CANSLIM.....don't buy extended stocks. If you purchased at $16.25, = support was a long way away. The pivot on this one was $11.55. The gap = on the open 3/25 meant that your best entry would have been around = $12.04. That means it was (16.25-12.04)/12.04 =3D 35% extended on = purchase. You can see why this is a critical technical guideline. WON = says about 40% of stocks will pullback to their pivot before moving on. = If you find a good stock but miss the valid breakout, WAIT and see if = you can get a second chance entry or wait until it consolidates again = and breaks out before jumping in. Buying an extended stock is a little = like bungee jumping without a rope. One of the most critical (and most = difficult) skills required in CANSLIM investing is patience. See a marked chart at http://WallStreet-LLC.com/canslim/USLB050102.jpg Oh yes...welcome to the list! Katherine PS...one of the best ways to really "get" a CANSLIM rule is to = experience it first hand. Been there, done that, that's why I remember = it myself! ----- Original Message -----=20 From: Parnelli=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 01, 2002 7:53 PM Subject: Re: [CANSLIM] USLB Thanks Katherine...unfortunately I bought it a week before earnings = at $16.25 and then it started tanking. Then when their numbers came out = (I thought they were excellent), but apparently I was the only one who = felt that way-ouch! Oh well, all part of the learning curve. I still = think it looks like a good company and I've considered averaging down, = however, O'neil is not a big fan of that move. Obviously, I should have = kept my loss from exceeding 8%...but I'm learning. Thanks, Parnelli ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 01, 2002 8:44 PM Subject: Re: [CANSLIM] USLB Hi Parnelli, When did you buy? If you bought on the breakout 3/25 then you = shouldn't have been "slammed" as the big downward action 4/23-4/25 is = most likely market driven. A good buy would have allowed you to weather = the action and see if it held above the pivot and the 50dMA, which it's = done, showing very good support 4/29 with high volume and an upward = tail. Katherine ----- Original Message -----=20 From: Parnelli=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 01, 2002 7:39 PM Subject: [CANSLIM] USLB Hi Board, I'm a new "canslimer" and thought I was an IBD guru until I = bought USLB and it slammed me. I know I missed on the "M", but for the = life of me I can't see any other problems. If any experienced folks = follow this stock and can give me their two cents worth I'd be very = appreciative. Many thanks, Parnelli =20 - ------=_NextPart_000_0099_01C1F15A.B2A39460 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
You're definitely right Katherine about = experience being=20 the best teacher. I have two stupid questions (intended to get me = up to=20 speed so I can contribute to the board), what is WON and is there a tool = that=20 can help me find the pivot point? I really do appreciate your = help!!!=20 - -Parnelli

----- Original Message -----
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com=

Sent: Wednesday, May 01, 2002 = 9:46=20 PM

Subject: Re: [CANSLIM] = USLB

Youch....well, you've probably learned the second most important = rule in=20 CANSLIM.....don't buy extended stocks. If you purchased at = $16.25,=20 support was a long way away. The pivot on this one was $11.55. The gap = on the=20 open 3/25 meant that your best entry would have been around $12.04. = That means=20 it was (16.25-12.04)/12.04 =3D 35% extended = on=20 purchase. You can see why this is a critical technical guideline. WON = says=20 about 40% of stocks will pullback to their pivot before moving on. If = you find=20 a good stock but miss the valid breakout, WAIT and see if you can get = a second=20 chance entry or wait until it consolidates again and breaks out before = jumping=20 in. Buying an extended stock is a little like bungee jumping without a = rope.=20 One of the most critical (and most difficult) skills required in = CANSLIM=20 investing is patience.

See a marked chart at http://WallStre= et-LLC.com/canslim/USLB050102.jpg

Oh yes...welcome to the list!

Katherine

PS...one of the best ways to really "get" = a CANSLIM rule is to=20 experience it first hand. Been there, done that, that's why I remember = it=20 myself!

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

Sent: Wednesday, May 01, 2002 = 7:53=20 PM

Subject: Re: [CANSLIM] = USLB

Thanks Katherine...unfortunately I bought it a = week before=20 earnings at $16.25 and then it started tanking. Then when = their=20 numbers came out (I thought they were excellent), but apparently I = was the=20 only one who felt that way-ouch! Oh well, all part of the = learning=20 curve. I still think it looks like a good company and I've = considered=20 averaging down, however, O'neil is not a big fan of that move. = Obviously, I should have kept my loss from exceeding 8%...but I'm=20 learning. Thanks, Parnelli

----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20

Sent: Wednesday, May 01, = 2002 8:44=20 PM

Subject: Re: [CANSLIM] = USLB

Hi Parnelli,

When did you buy? If you bought on the breakout 3/25 then you = shouldn't have been "slammed" as the big downward action = 4/23-4/25 is=20 most likely market driven. A good buy would have allowed you to = weather=20 the action and see if it held above the pivot and the 50dMA, which = it's=20 done, showing very good support 4/29 with high volume and an = upward=20 tail.

Katherine

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

Sent: Wednesday, May 01, = 2002 7:39=20 PM

Subject: [CANSLIM] = USLB

Hi Board,

I'm a new "canslimer" and thought I was an = IBD guru=20 until I bought USLB and it slammed me. I know I missed on = the "M",=20 but for the life of me I can't see any other problems. If = any=20 experienced folks follow this stock and can give me their two = cents=20 worth I'd be very appreciative. Many thanks,=20 = Parnelli
- ------=_NextPart_000_0099_01C1F15A.B2A39460-- - - - -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: Wed, 1 May 2002 22:04:12 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] ISLE This is a multi-part message in MIME format. - ------=_NextPart_000_02FB_01C1F15C.2065C3F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I no longer do the due diligence to the level I used to do. I find the = data presentation at DGO to be sufficient for much of my reviews, and = process of elimination. Noteworthy is that DGO's staff eliminates = non-recurring gains and losses, so what you see is what is likely to = continue. Much different from many sites where they show the overall net = earnings without regard to this. Tom Worley stkguru@bellsouth.net AIM: TexWorley - ----- Original Message -----=20 From: Marty=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 01, 2002 9:53 PM Subject: Re: [CANSLIM] ISLE Thanks for the input. What source do you use to find earnings ect? It sure would be nice to have one site with all the info you wanted at = your finger tips at a click of a button. Marty ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 01, 2002 5:03 PM Subject: Re: [CANSLIM] ISLE Hi Marty, I had this one in my VR Fund, and sold it too soon, but still a nice = profit. My reasons for selling at the time were several. First, revenues looked to me like they were beginning to stagnate. With one quarter to go, appears they need to earn 50 cents to make the = forecast for full year. That looks like a stretch. debt is reported as extremely high (613%) growth for the new year (which just started today) is for a further = 20% growth, I like a bigger figure huge gap between cash flow ($3.43) and earnings, which I didn't care = to take the time to investigate Tom Worley stkguru@bellsouth.net AIM: TexWorley ----- Original Message -----=20 From: Marty=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 01, 2002 7:23 PM Subject: [CANSLIM] ISLE I'm new to this and would like some opions on this stock. What I really like is the graph. It looks like a 19 day base thats is = sloping down with light volume. If volume pick up would a pp of 21.79 be = correct? I also like the general slope of the graph UP! Ranked top (#1) of the Leisure Gaming=20 EPS 97 =20 RS 97 Ind Group A+ ROE 18.2% Outstanding Shares 31.5 mil PE 19.5 =20 Any Thoughts Thanks Marty =20 =20 =20 - ------=_NextPart_000_02FB_01C1F15C.2065C3F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I no longer do the due diligence to the level I = used to=20 do. I find the data presentation at DGO to be sufficient for much of my = reviews,=20 and process of elimination. Noteworthy is that DGO's staff eliminates=20 non-recurring gains and losses, so what you see is what is likely to = continue.=20 Much different from many sites where they show the overall net earnings = without=20 regard to this.

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

----- Original Message -----=20
From: Marty

To: canslim@lists.xmission.com=

Sent: Wednesday, May 01, 2002 9:53 PM

Subject: Re: [CANSLIM] ISLE

Thanks for the input.

What source do you use to find earnings = ect?

It sure would be nice to have one site = with all the=20 info you wanted at your finger tips at a click of a button.

Marty

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

Sent: Wednesday, May 01, 2002 = 5:03=20 PM

Subject: Re: [CANSLIM] = ISLE

Hi Marty,

I had this one in my VR Fund, and sold it too = soon, but=20 still a nice profit. My reasons for selling at the time were=20 several.

First, revenues looked to me like they were = beginning to=20 stagnate.

With one quarter to go, appears they need to = earn 50=20 cents to make the forecast for full year. That looks like a=20 stretch.

debt is reported as extremely high = (613%)

growth for the new year (which just started = today) is=20 for a further 20% growth, I like a bigger figure

huge gap between cash flow ($3.43) and = earnings, which I=20 didn't care to take the time to investigate

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

----- Original Message -----=20
From: Marty=20

To: canslim@lists.xmission.com=

Sent: Wednesday, May 01, 2002 7:23 PM

Subject: [CANSLIM] ISLE

I'm new to this and would like some = opions on=20 this stock.

What I really like is the graph. It = looks like a=20 19 day base thats is sloping down with light volume. If volume pick up = would a=20 pp of 21.79 be correct?

I also like the general slope of the = graph=20 UP!

Ranked top (#1) of the Leisure Gaming =

EPS 97    =    =20

RS 97

Ind Group A+

ROE 18.2%

Outstanding Shares 31.5 = mil

PE 19.5

Any Thoughts

Thanks

Marty

- ------=_NextPart_000_02FB_01C1F15C.2065C3F0-- - - - -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: Wed, 1 May 2002 22:20:53 -0400 From: "Jeff Bogatay" Subject: RE: [CANSLIM] USLB Greetings Group. First time poster. 30 days ago I didn't know much of anything about the stock markets. I've crammed a bunch of stuff into that 30 days. While my short-term goals are more swing trade/TA oriented, I do find the discourse in this group educational. I think I can answer your questions Parnelli.. #1) WON == William O'Neil #2) The pivot point is the point at which resistance becomes support. Katerine's example of the ideal entry point was the low for the breakout day. The odds of you timing your buy right at 12.04 are fairly slim. I think her main point was you were chasing this stock up and missed the actual breakout. The actual pivot point is probably more in the 11.35 - 11.45 range. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Parnelli Sent: Wednesday, May 01, 2002 9:54 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] USLB You're definitely right Katherine about experience being the best teacher. I have two stupid questions (intended to get me up to speed so I can contribute to the board), what is WON and is there a tool that can help me find the pivot point? I really do appreciate your help!!! - -Parnelli - - - -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: Wed, 1 May 2002 22:31:15 -0400 From: "Parnelli" Subject: Re: [CANSLIM] USLB Thanks Jeff...and welcome! Has your cramming turned into any successes. I'm overwhelmed by the info that's out there. Have you found any shortcuts. I'm finding it difficult to handle a career and keep up. Thanks, Parnelli - ----- Original Message ----- From: "Jeff Bogatay" To: Sent: Wednesday, May 01, 2002 10:20 PM Subject: RE: [CANSLIM] USLB > Greetings Group. > > First time poster. 30 days ago I didn't know much of anything about the > stock markets. I've crammed a bunch of stuff into that 30 days. While > my short-term goals are more swing trade/TA oriented, I do find the > discourse in this group educational. > > I think I can answer your questions Parnelli.. > > #1) WON == William O'Neil > > #2) The pivot point is the point at which resistance becomes support. > Katerine's example of the ideal entry point was the low for the breakout > day. The odds of you timing your buy right at 12.04 are fairly slim. I > think her main point was you were chasing this stock up and missed the > actual breakout. The actual pivot point is probably more in the 11.35 - > 11.45 range. > > > > > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Parnelli > Sent: Wednesday, May 01, 2002 9:54 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] USLB > > > You're definitely right Katherine about experience being the best > teacher. I have two stupid questions (intended to get me up to speed so > I can contribute to the board), what is WON and is there a tool that can > help me find the pivot point? I really do appreciate your help!!! > -Parnelli > > > > - > -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: Wed, 1 May 2002 21:32:41 -0500 From: "Katherine Malm" Subject: [CANSLIM] Commonly used references on the list This is a multi-part message in MIME format. - ------=_NextPart_000_0172_01C1F157.B8FCAB60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Commonly used abbreviations: WON =3D William O'Neil, originator of CANSLIM HTMMIS =3D "How to Make Money in Stocks" by William J. O'Neil IBD =3D Investors Business Daily (www.investors.com) BO or B/O =3D Breakout MA =3D Moving Average dMA =3D days Moving Average VR =3D Virtual Reality fund M =3D Market ( the "M" in CANSLIM) N =3D New (the "N" in CANSLIM) LOL =3D Laughing Out Loud DD=3D Due Diligence IBD/CANSLIM Proprietary Rankings: GRS =3D Group Relative Strength RS =3D Relative Strength EPS =3D Earnings per Share Rank SMR =3D Sales/Margins/ROE A/D =3D Accumulation/Distribution Accounting/Finance Abbreviations: BS or B/S =3D Balance Sheet IS or I/S =3D Income Statement cflo =3D Cash Flow Pro Forma earnings =3D http://www.sec.gov/investor/pubs/proforma12-4.htm D/E =3D Debt to Equity PE or P/E =3D Price to Earnings ratio Commonly discussed technical patterns: LLUR =3D Lower Left Upper Right -- essentially a stock in an uptrend = that moves within a tight channel (this is *not* a base) A Base =3D Ascending Base C&H or CwH =3D Cup and Handle=20 HTF =3D High Tight Flag Flat Base Double Bottoms Commonly discussed software/tools: DGO=3D DailyGraphs Online ( www.dailygraphs.com) QP2 =3D Quotes Plus (www.qp2.com) HGSI =3D High Growth Stock Investing (www.highgrowthstock.com) TC2000 =3D Worden Brothers TC2000 technical analysis software = (http://www.tc2000.com) VV=3D VectorVest (www.vectorvest.com) Favorite free sites for stock scanning: http://moneycentral.msn.com/investor/finder/predefstocks.asp Favorite free sites for charting: www.stockcharts.com www.bigcharts.com http://www.moneycentral.msn.com/investor/charts/charting.asp?Symbol=3Dcsc= o Favorite free sites for due diligence: Company's web site http://biz.yahoo.com/p/c/csco.html - ------=_NextPart_000_0172_01C1F157.B8FCAB60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Commonly used abbreviations:

WON =3D William O'Neil, originator of CANSLIM

HTMMIS =3D "How to Make Money in Stocks" by William J. O'Neil

IBD =3D Investors Business Daily (www.investors.com)

BO or B/O =3D Breakout

MA =3D Moving Average

dMA =3D days Moving Average

VR =3D Virtual Reality fund

M =3D Market ( the "M" in CANSLIM)

N =3D New (the "N" in CANSLIM)

LOL =3D Laughing Out Loud

DD=3D Due Diligence

IBD/CANSLIM Proprietary Rankings:

GRS =3D Group Relative Strength

RS =3D Relative Strength

EPS =3D Earnings per Share Rank

SMR =3D Sales/Margins/ROE

A/D =3D Accumulation/Distribution

Accounting/Finance Abbreviations:

BS or B/S =3D Balance Sheet

IS or I/S =3D Income Statement

cflo =3D Cash Flow

Pro Forma earnings =3D http://www.sec= .gov/investor/pubs/proforma12-4.htm

D/E =3D Debt to Equity

PE or P/E =3D Price to Earnings ratio

Commonly discussed technical patterns:

LLUR =3D Lower Left Upper Right -- essentially a stock in an = uptrend=20 that moves within a tight channel (this is *not* a base)

A Base =3D Ascending Base

C&H or CwH =3D Cup and Handle

HTF =3D High Tight Flag

Flat Base

Double Bottoms

Commonly discussed software/tools:

DGO=3D DailyGraphs Online  ( www.dailygraphs.com)

QP2 =3D Quotes Plus (www.qp2.com)

HGSI =3D High Growth Stock Investing (www.highgrowthstock.com)
TC2000 =3D Worden Brothers TC2000 technical analysis software = (http://www.tc2000.com)

VV=3D VectorVest (www.vectorvest.com)

Favorite free sites for stock scanning:

htt= p://moneycentral.msn.com/investor/finder/predefstocks.asp

Favorite free sites for charting:

www.stockcharts.com

www.bigcharts.com

http://www.moneycentral.msn.com/investor/charts/charting.asp?S= ymbol=3Dcsco

Favorite free sites for due diligence:

Company's web site

http://biz.yahoo.com/p/c/csco= .html
- ------=_NextPart_000_0172_01C1F157.B8FCAB60-- - - - -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: Wed, 1 May 2002 21:36:51 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] USLB This is a multi-part message in MIME format. - ------=_NextPart_000_017F_01C1F158.4E350C40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Parnelli, The best way to identify pivot points is to practice, practice, practice = reading charts. Any charting tool that shows price/volume action will = allow you to identify the technical pattern and "ideal" entry point. A good place to start is at the IBD site itself: http://www.investors.com/learn/b09.asp You can chart for free at www.bigcharts.com, www.stockcharts.com etc. There are services that will identify the pivot points, but they charge = for the convenience. Katherine ----- Original Message -----=20 From: Parnelli=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 01, 2002 8:53 PM Subject: Re: [CANSLIM] USLB You're definitely right Katherine about experience being the best = teacher. I have two stupid questions (intended to get me up to speed so = I can contribute to the board), what is WON and is there a tool that can = help me find the pivot point? I really do appreciate your help!!! = - -Parnelli ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 01, 2002 9:46 PM Subject: Re: [CANSLIM] USLB Youch....well, you've probably learned the second most important = rule in CANSLIM.....don't buy extended stocks. If you purchased at = $16.25, support was a long way away. The pivot on this one was $11.55. = The gap on the open 3/25 meant that your best entry would have been = around $12.04. That means it was (16.25-12.04)/12.04 =3D 35% extended on = purchase. You can see why this is a critical technical guideline. WON = says about 40% of stocks will pullback to their pivot before moving on. = If you find a good stock but miss the valid breakout, WAIT and see if = you can get a second chance entry or wait until it consolidates again = and breaks out before jumping in. Buying an extended stock is a little = like bungee jumping without a rope. One of the most critical (and most = difficult) skills required in CANSLIM investing is patience. See a marked chart at = http://WallStreet-LLC.com/canslim/USLB050102.jpg Oh yes...welcome to the list! Katherine PS...one of the best ways to really "get" a CANSLIM rule is to = experience it first hand. Been there, done that, that's why I remember = it myself! ----- Original Message -----=20 From: Parnelli=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 01, 2002 7:53 PM Subject: Re: [CANSLIM] USLB Thanks Katherine...unfortunately I bought it a week before = earnings at $16.25 and then it started tanking. Then when their numbers = came out (I thought they were excellent), but apparently I was the only = one who felt that way-ouch! Oh well, all part of the learning curve. I = still think it looks like a good company and I've considered averaging = down, however, O'neil is not a big fan of that move. Obviously, I = should have kept my loss from exceeding 8%...but I'm learning. Thanks, = Parnelli ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 01, 2002 8:44 PM Subject: Re: [CANSLIM] USLB Hi Parnelli, When did you buy? If you bought on the breakout 3/25 then you = shouldn't have been "slammed" as the big downward action 4/23-4/25 is = most likely market driven. A good buy would have allowed you to weather = the action and see if it held above the pivot and the 50dMA, which it's = done, showing very good support 4/29 with high volume and an upward = tail. Katherine ----- Original Message -----=20 From: Parnelli=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, May 01, 2002 7:39 PM Subject: [CANSLIM] USLB Hi Board, I'm a new "canslimer" and thought I was an IBD guru until I = bought USLB and it slammed me. I know I missed on the "M", but for the = life of me I can't see any other problems. If any experienced folks = follow this stock and can give me their two cents worth I'd be very = appreciative. Many thanks, Parnelli =20 - ------=_NextPart_000_017F_01C1F158.4E350C40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Parnelli,

The best way to identify pivot points is to practice, practice, = practice=20 reading charts. Any charting tool that shows price/volume action will = allow you=20 to identify the technical pattern and "ideal" entry point.

A good place to start is at the IBD site itself:

http://www.investors.com/= learn/b09.asp

You can chart for free at www.bigcharts.com, www.stockcharts.com etc.

There are services that will identify the pivot points, but they = charge for=20 the convenience.

Katherine

----- Original Message -----
From:=20 Parnelli =

To: canslim@lists.xmission.com=

Sent: Wednesday, May 01, 2002 = 8:53=20 PM

Subject: Re: [CANSLIM] = USLB

You're definitely right Katherine about = experience=20 being the best teacher. I have two stupid questions (intended to = get me=20 up to speed so I can contribute to the board), what is WON and is = there a tool=20 that can help me find the pivot point? I really do appreciate = your=20 help!!! -Parnelli

----- Original Message -----
From:=20 Katherine=20 Malm

To: canslim@lists.xmission.com= =20

Sent: Wednesday, May 01, 2002 = 9:46=20 PM

Subject: Re: [CANSLIM] = USLB

Youch....well, you've probably learned the second most = important rule=20 in CANSLIM.....don't buy extended stocks. If you purchased = at=20 $16.25, support was a long way away. The pivot on this one was = $11.55. The=20 gap on the open 3/25 meant that your best entry would have been = around=20 $12.04. That means it was (16.25-12.04)/12.04 =3D 35%=20 extended on purchase. You can see why this is a = critical=20 technical guideline. WON says about 40% of stocks will pullback to = their=20 pivot before moving on. If you find a good stock but miss the valid=20 breakout, WAIT and see if you can get a second chance entry or wait = until it=20 consolidates again and breaks out before jumping in. Buying an = extended=20 stock is a little like bungee jumping without a rope. One of the = most=20 critical (and most difficult) skills required in CANSLIM investing = is=20 patience.

See a marked chart at http://WallStre= et-LLC.com/canslim/USLB050102.jpg

Oh yes...welcome to the list!

Katherine

PS...one of the best ways to really "get" = a CANSLIM rule is=20 to experience it first hand. Been there, done that, that's why I = remember it=20 myself!

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

Sent: Wednesday, May 01, = 2002 7:53=20 PM

Subject: Re: [CANSLIM] = USLB

Thanks Katherine...unfortunately I bought it a = week=20 before earnings at $16.25 and then it started tanking. Then = when=20 their numbers came out (I thought they were excellent), but = apparently I=20 was the only one who felt that way-ouch! Oh well, all part = of the=20 learning curve. I still think it looks like a good company = and I've=20 considered averaging down, however, O'neil is not a big fan of = that=20 move. Obviously, I should have kept my loss from exceeding = 8%...but=20 I'm learning. Thanks, Parnelli

----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20

Sent: Wednesday, May 01, = 2002 8:44=20 PM

Subject: Re: [CANSLIM] = USLB

Hi Parnelli,

When did you buy? If you bought on the breakout 3/25 then = you=20 shouldn't have been "slammed" as the big downward action=20 4/23-4/25 is most likely market driven. A good buy would = have=20 allowed you to weather the action and see if it held above the = pivot and=20 the 50dMA, which it's done, showing very good support 4/29 with = high=20 volume and an upward tail.

Katherine

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

Sent: Wednesday, May = 01, 2002=20 7:39 PM

Subject: [CANSLIM] = USLB

Hi Board,

I'm a new "canslimer" and thought I was an = IBD guru=20 until I bought USLB and it slammed me. I know I missed = on the=20 "M", but for the life of me I can't see any other = problems. If=20 any experienced folks follow this stock and can give me their = two=20 cents worth I'd be very appreciative. Many thanks,=20 = Parnelli
- ------=_NextPart_000_017F_01C1F158.4E350C40-- - - - -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 #2379 ****************************** 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.