From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2386 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Thursday, May 2 2002 Volume 02 : Number 2386 In this issue: Re: [CANSLIM] Q: Accelerating growth RE: [CANSLIM] Q: Accelerating growth RE: offlist--Re: [CANSLIM] Q: Accelerating growth RE: [CANSLIM] Q: Accelerating growth RE: [CANSLIM] USLB RE: offlist--Re: [CANSLIM] Q: Accelerating growth ---------------------------------------------------------------------- Date: Thu, 02 May 2002 13:29:16 -0700 From: Ian Subject: Re: [CANSLIM] Q: Accelerating growth Mike: As an engineer, I've got to call 8% to 35% to 57% acceleration. The rate of acceleration is declining, but it is still acceleration - not deceleration. You've got your derivatives mixed up. It's not deceleration unless it goes 8% - 35% - 57% - 35%. Remember they are percentage increases, not actual EPS figures. Ian - ----- Original Message ----- From: Mike Gibbons To: Sent: Thursday, May 02, 2002 12:24 PM Subject: [CANSLIM] Q: Accelerating growth > I've often seen WON and IBD refer to the need for "accelerating growth". > Strictly speaking, that means that the *rate of change* of growth should be > positive. > > In yesterday's Investor's Corner they said of PHA, "At the time, earnings > growth was accelerating (8% to 35% to 57%)". So the change in growth was > from 8% to 35% (27%) to 35% to 57% (22%). So the *rate of change* of growth > was 22 - 27 -> -5. That is, growth was decelerating not accelerating > > Now as a physics major, I may be too picky, but I believe that language > should be used correctly or it loses its value. It seems to me that what > they mean is "earnings growth was increasing". > > In that case the WON rule that says that "sales growth should be > accelerating" needs to be restated to "sales growth should be increasing". > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Warren Keuffel > Sent: Thursday, May 02, 2002 7:55 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] IBD's Industry Group and Ticker Symbol Index > > > If you intend to pursue a group-oriented strategy, and you intend to use > IBD's 197 industry group tables, the book is indispensible because it's > not always obvious which companies are assigned to which industry > groups. I'm using Vector Vest now, which has its own industry groupings, > so I no longer buy the IBD books. > > HTH. > Warren > > rolf hertenstein wrote: > > >Hello all - > > > >Could anyone who has used this guide in the past > >tell me if they > >indeed found it useful? I'll likely wait for the > >next issue due in June > >in any case. > > > >Thanks! > > > > Rolf > > > > > >- > >-To subscribe/unsubscribe, email "majordomo@xmission.com" > >-In the email body, write "subscribe canslim" or > >-"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -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: Thu, 2 May 2002 10:15:57 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] Q: Accelerating growth OK, try this. In mathematical terms: velocity is first derivative (that is difference between two equally spaced values) acceleration is second derivative (that is the difference of the differences) So if s1, s2, s3, s4 are sales in consecutive quarters, then growth of sales g1 = s2-s1; g2=s3-s2; g3=s4-s3; If g2-g1 is positive then we have accelerating sales. To have accelerating growth we need second derivative of growth which is (g3-g1) - (g2 - g1) In the IBD example we have g1=8; g2=35; g3=57 so (57-35) - (35-8) = -5 So IBD either means "accelerating earnings" or "increasing (not accelerating) earnings" Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ian Sent: Thursday, May 02, 2002 10:29 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Q: Accelerating growth Mike: As an engineer, I've got to call 8% to 35% to 57% acceleration. The rate of acceleration is declining, but it is still acceleration - not deceleration. You've got your derivatives mixed up. It's not deceleration unless it goes 8% - 35% - 57% - 35%. Remember they are percentage increases, not actual EPS figures. Ian - ----- Original Message ----- From: Mike Gibbons To: Sent: Thursday, May 02, 2002 12:24 PM Subject: [CANSLIM] Q: Accelerating growth > I've often seen WON and IBD refer to the need for "accelerating growth". > Strictly speaking, that means that the *rate of change* of growth should be > positive. > > In yesterday's Investor's Corner they said of PHA, "At the time, earnings > growth was accelerating (8% to 35% to 57%)". So the change in growth was > from 8% to 35% (27%) to 35% to 57% (22%). So the *rate of change* of growth > was 22 - 27 -> -5. That is, growth was decelerating not accelerating > > Now as a physics major, I may be too picky, but I believe that language > should be used correctly or it loses its value. It seems to me that what > they mean is "earnings growth was increasing". > > In that case the WON rule that says that "sales growth should be > accelerating" needs to be restated to "sales growth should be increasing". > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Warren Keuffel > Sent: Thursday, May 02, 2002 7:55 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] IBD's Industry Group and Ticker Symbol Index > > > If you intend to pursue a group-oriented strategy, and you intend to use > IBD's 197 industry group tables, the book is indispensible because it's > not always obvious which companies are assigned to which industry > groups. I'm using Vector Vest now, which has its own industry groupings, > so I no longer buy the IBD books. > > HTH. > Warren > > rolf hertenstein wrote: > > >Hello all - > > > >Could anyone who has used this guide in the past > >tell me if they > >indeed found it useful? I'll likely wait for the > >next issue due in June > >in any case. > > > >Thanks! > > > > Rolf > > > > > >- > >-To subscribe/unsubscribe, email "majordomo@xmission.com" > >-In the email body, write "subscribe canslim" or > >-"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -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: Thu, 2 May 2002 13:20:10 -0700 (PDT) From: Fanus Subject: RE: offlist--Re: [CANSLIM] Q: Accelerating growth Mike Here is my take on it. Acceleration = rate of change of velocity. In other words, something accelerates if it is changing its velocity. (notice the definition doesn't say velocity should be higher each time. It just say there should be a change in velocity) To use your example below. 8% to 35% to 57%. From 8% to 35% the velocity change was 27% upwards. It accellerating from 8% to 35% because it changed the velocity. Next quarter the velocity changed again with 22% upwards. So, by definition since the velocity changed, it accelerated once again. Was the velocity less the 2nd quarter than the first? Yes. But by definition that doesn't matter, since velocity changed and this is what aceleration is: Change in velocity in the same direction. So there was acceleration even though velocity was less. As long as velocity change you have acceleration. Another example. Driving a car at 10mph. Accellerate to 20mph. Change of velocity was 10. If you increase your speed now to 25mph, you still accelerated even though velocity change was only 5 this time. If you didn't accelerate to get to 25mph, how did you get there then? - - Fanus - --- Mike Gibbons wrote: > I think you meant > > velocity = rate of change of distance + direction > acceleration = rate of change of velocity > > So, the underlying quantity being measured is sales > (equivalent to distance) > growth in sales per quarter is equivalent to > velocity > rate of change of growth per quarter is acceleration > of growth. > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Katherine Malm > Sent: Thursday, May 02, 2002 9:34 AM > To: canslim@lists.xmission.com > Subject: offlist--Re: [CANSLIM] Q: Accelerating > growth > > > I might be all wrong here, but I think what you've > calculated is velocity > rather than acceleration. > > Acceleration = rate of change > Velocity = rate of change of the rate of change + > direction > > Katherine > ----- Original Message ----- > From: Mike Gibbons > To: canslim@lists.xmission.com > Sent: Thursday, May 02, 2002 2:24 PM > Subject: [CANSLIM] Q: Accelerating growth > > > I've often seen WON and IBD refer to the need > for "accelerating growth". > Strictly speaking, that means that the *rate of > change* of growth should > be > positive. > > In yesterday's Investor's Corner they said of > PHA, "At the time, > earnings > growth was accelerating (8% to 35% to 57%)". So > the change in growth was > from 8% to 35% (27%) to 35% to 57% (22%). So the > *rate of change* of > growth > was 22 - 27 -> -5. That is, growth was > decelerating not accelerating > > Now as a physics major, I may be too picky, but > I believe that language > should be used correctly or it loses its value. > It seems to me that what > they mean is "earnings growth was increasing". > > In that case the WON rule that says that "sales > growth should be > accelerating" needs to be restated to "sales > growth should be > increasing". > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On > Behalf Of Warren Keuffel > Sent: Thursday, May 02, 2002 7:55 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] IBD's Industry Group and > Ticker Symbol Index > > > If you intend to pursue a group-oriented > strategy, and you intend to use > IBD's 197 industry group tables, the book is > indispensible because it's > not always obvious which companies are assigned > to which industry > groups. I'm using Vector Vest now, which has its > own industry groupings, > so I no longer buy the IBD books. > > HTH. > Warren > > rolf hertenstein wrote: > > >Hello all - > > > >Could anyone who has used this guide in the > past > >tell me if they > >indeed found it useful? I'll likely wait for > the > >next issue due in June > >in any case. > > > >Thanks! > > > > Rolf > > > > > >- > >-To subscribe/unsubscribe, email > "majordomo@xmission.com" > >-In the email body, write "subscribe canslim" > or > >-"unsubscribe canslim". Do not use quotes in > your email. > > > > > > > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in > your email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in > your email. > __________________________________________________ Do You Yahoo!? Yahoo! Health - your guide to health and wellness http://health.yahoo.com - - - -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: Thu, 2 May 2002 10:23:24 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] Q: Accelerating growth I meant (g3-g2) of course, not (g3 -g1) and IBD either means "accelerating earnings" or "increasing (not accelerating) growth" Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike Gibbons Sent: Thursday, May 02, 2002 10:16 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Q: Accelerating growth OK, try this. In mathematical terms: velocity is first derivative (that is difference between two equally spaced values) acceleration is second derivative (that is the difference of the differences) So if s1, s2, s3, s4 are sales in consecutive quarters, then growth of sales g1 = s2-s1; g2=s3-s2; g3=s4-s3; If g2-g1 is positive then we have accelerating sales. To have accelerating growth we need second derivative of growth which is (g3-g1) - (g2 - g1) In the IBD example we have g1=8; g2=35; g3=57 so (57-35) - (35-8) = -5 So IBD either means "accelerating earnings" or "increasing (not accelerating) earnings" Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ian Sent: Thursday, May 02, 2002 10:29 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Q: Accelerating growth Mike: As an engineer, I've got to call 8% to 35% to 57% acceleration. The rate of acceleration is declining, but it is still acceleration - not deceleration. You've got your derivatives mixed up. It's not deceleration unless it goes 8% - 35% - 57% - 35%. Remember they are percentage increases, not actual EPS figures. Ian - ----- Original Message ----- From: Mike Gibbons To: Sent: Thursday, May 02, 2002 12:24 PM Subject: [CANSLIM] Q: Accelerating growth > I've often seen WON and IBD refer to the need for "accelerating growth". > Strictly speaking, that means that the *rate of change* of growth should be > positive. > > In yesterday's Investor's Corner they said of PHA, "At the time, earnings > growth was accelerating (8% to 35% to 57%)". So the change in growth was > from 8% to 35% (27%) to 35% to 57% (22%). So the *rate of change* of growth > was 22 - 27 -> -5. That is, growth was decelerating not accelerating > > Now as a physics major, I may be too picky, but I believe that language > should be used correctly or it loses its value. It seems to me that what > they mean is "earnings growth was increasing". > > In that case the WON rule that says that "sales growth should be > accelerating" needs to be restated to "sales growth should be increasing". > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Warren Keuffel > Sent: Thursday, May 02, 2002 7:55 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] IBD's Industry Group and Ticker Symbol Index > > > If you intend to pursue a group-oriented strategy, and you intend to use > IBD's 197 industry group tables, the book is indispensible because it's > not always obvious which companies are assigned to which industry > groups. I'm using Vector Vest now, which has its own industry groupings, > so I no longer buy the IBD books. > > HTH. > Warren > > rolf hertenstein wrote: > > >Hello all - > > > >Could anyone who has used this guide in the past > >tell me if they > >indeed found it useful? I'll likely wait for the > >next issue due in June > >in any case. > > > >Thanks! > > > > Rolf > > > > > >- > >-To subscribe/unsubscribe, email "majordomo@xmission.com" > >-In the email body, write "subscribe canslim" or > >-"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Thu, 2 May 2002 16:36:39 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] USLB This is a multi-part message in MIME format. - ------=_NextPart_000_00E6_01C1F1F7.8BC64ED0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit If Katherine's every ANYWHERE, dinner's on us!! - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Parnelli Sent: Wednesday, May 01, 2002 10:42 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] USLB I owe you...if you're ever in Cincinnati, dinner is on me!!! - ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Wednesday, May 01, 2002 10:36 PM Subject: Re: [CANSLIM] USLB 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 ----- From: Parnelli To: canslim@lists.xmission.com 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 ----- From: Katherine Malm To: canslim@lists.xmission.com 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 = 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 ----- From: Parnelli To: canslim@lists.xmission.com 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 ----- From: Katherine Malm To: canslim@lists.xmission.com 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 ----- From: Parnelli To: canslim@lists.xmission.com 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 - ------=_NextPart_000_00E6_01C1F1F7.8BC64ED0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message
If Katherine's = every=20 ANYWHERE, dinner's on us!!
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Parnelli
Sent: Wednesday, May 01, 2002 = 10:42=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 USLB

I owe you...if you're ever in Cincinnati, dinner = is on=20 me!!!
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Wednesday, May 01, 2002 = 10:36=20 PM
Subject: Re: [CANSLIM] = USLB

Hi Parnelli,
 
The best way to identify pivot points is to practice, practice, = practice reading charts. Any charting tool that shows price/volume = action=20 will allow you to identify the technical pattern and "ideal" entry=20 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=20 for the convenience.
 
Katherine
----- Original Message ----- =
From:=20 Parnelli
To: canslim@lists.xmission.com= =20
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=20 me up to speed so I can contribute to the board), what is WON and = is there=20 a tool that can help me find the pivot point?  I really do = appreciate=20 your 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=20 rule in CANSLIM.....don't buy extended stocks. If you = purchased=20 at $16.25, support was a long way away. The pivot on this one = was=20 $11.55. The gap on the open 3/25 meant that your best entry = would have=20 been around $12.04. That means it was (16.25-12.04)/12.04 =3D=20 35% extended on purchase. You can see = why this=20 is a critical technical guideline. WON says about 40% of stocks = will=20 pullback to their pivot before moving on. If you find a good = stock but=20 miss the valid breakout, WAIT and see if you can get a second = chance=20 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=20 rope. One of the most critical (and most difficult) skills = required in=20 CANSLIM 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=20 is to experience it first hand. Been there, done that, that's = why I=20 remember it myself!
----- Original Message ----- =
From:=20 Parnelli=20
To: canslim@lists.xmission.com= =20
Sent: Wednesday, May = 01, 2002=20 7:53 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=20 I was the only one who felt that way-ouch!  Oh well, all = part of=20 the learning curve.  I still think it looks like a good = company=20 and I've considered averaging down, however, O'neil is not a = big fan=20 of that move.  Obviously, I should have kept my loss from = exceeding 8%...but I'm learning.  Thanks, = Parnelli
----- Original Message ----- =
From:=20 Katherine Malm =
To: canslim@lists.xmission.com= =20
Sent: Wednesday, May = 01, 2002=20 8:44 PM
Subject: Re: = [CANSLIM]=20 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=20 and the 50dMA, which it's done, showing very good support = 4/29 with=20 high 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=20 guru until I bought USLB and it slammed me.  I know I = missed=20 on the "M", but for the life of me I can't see any other=20 problems.  If any experienced folks follow this stock = and can=20 give me their two cents worth I'd be very = appreciative.  Many=20 thanks,=20 = Parnelli    
- ------=_NextPart_000_00E6_01C1F1F7.8BC64ED0-- - - - -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: Thu, 2 May 2002 10:37:08 -1000 From: "Mike Gibbons" Subject: RE: offlist--Re: [CANSLIM] Q: Accelerating growth Hi Fanus, We agree on your vehicle analogy: velocity is rate of change of distance and acceleration is rate of change of rate of change of distance. The underlying quantity being measured is distance. However if growth is the underlying quantity to be measured, then we have velocity is rate of change of growth and acceleration is rate of change of rate of change of growth. For (positively) accelerating growth we need the second derivative of growth to be positive. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Fanus Sent: Thursday, May 02, 2002 10:20 AM To: canslim@lists.xmission.com Subject: RE: offlist--Re: [CANSLIM] Q: Accelerating growth Mike Here is my take on it. Acceleration = rate of change of velocity. In other words, something accelerates if it is changing its velocity. (notice the definition doesn't say velocity should be higher each time. It just say there should be a change in velocity) To use your example below. 8% to 35% to 57%. From 8% to 35% the velocity change was 27% upwards. It accellerating from 8% to 35% because it changed the velocity. Next quarter the velocity changed again with 22% upwards. So, by definition since the velocity changed, it accelerated once again. Was the velocity less the 2nd quarter than the first? Yes. But by definition that doesn't matter, since velocity changed and this is what aceleration is: Change in velocity in the same direction. So there was acceleration even though velocity was less. As long as velocity change you have acceleration. Another example. Driving a car at 10mph. Accellerate to 20mph. Change of velocity was 10. If you increase your speed now to 25mph, you still accelerated even though velocity change was only 5 this time. If you didn't accelerate to get to 25mph, how did you get there then? - - Fanus - --- Mike Gibbons wrote: > I think you meant > > velocity = rate of change of distance + direction > acceleration = rate of change of velocity > > So, the underlying quantity being measured is sales > (equivalent to distance) > growth in sales per quarter is equivalent to > velocity > rate of change of growth per quarter is acceleration > of growth. > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf > Of Katherine Malm > Sent: Thursday, May 02, 2002 9:34 AM > To: canslim@lists.xmission.com > Subject: offlist--Re: [CANSLIM] Q: Accelerating > growth > > > I might be all wrong here, but I think what you've > calculated is velocity > rather than acceleration. > > Acceleration = rate of change > Velocity = rate of change of the rate of change + > direction > > Katherine > ----- Original Message ----- > From: Mike Gibbons > To: canslim@lists.xmission.com > Sent: Thursday, May 02, 2002 2:24 PM > Subject: [CANSLIM] Q: Accelerating growth > > > I've often seen WON and IBD refer to the need > for "accelerating growth". > Strictly speaking, that means that the *rate of > change* of growth should > be > positive. > > In yesterday's Investor's Corner they said of > PHA, "At the time, > earnings > growth was accelerating (8% to 35% to 57%)". So > the change in growth was > from 8% to 35% (27%) to 35% to 57% (22%). So the > *rate of change* of > growth > was 22 - 27 -> -5. That is, growth was > decelerating not accelerating > > Now as a physics major, I may be too picky, but > I believe that language > should be used correctly or it loses its value. > It seems to me that what > they mean is "earnings growth was increasing". > > In that case the WON rule that says that "sales > growth should be > accelerating" needs to be restated to "sales > growth should be > increasing". > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On > Behalf Of Warren Keuffel > Sent: Thursday, May 02, 2002 7:55 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] IBD's Industry Group and > Ticker Symbol Index > > > If you intend to pursue a group-oriented > strategy, and you intend to use > IBD's 197 industry group tables, the book is > indispensible because it's > not always obvious which companies are assigned > to which industry > groups. I'm using Vector Vest now, which has its > own industry groupings, > so I no longer buy the IBD books. > > HTH. > Warren > > rolf hertenstein wrote: > > >Hello all - > > > >Could anyone who has used this guide in the > past > >tell me if they > >indeed found it useful? I'll likely wait for > the > >next issue due in June > >in any case. > > > >Thanks! > > > > Rolf > > > > > >- > >-To subscribe/unsubscribe, email > "majordomo@xmission.com" > >-In the email body, write "subscribe canslim" > or > >-"unsubscribe canslim". Do not use quotes in > your email. > > > > > > > > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in > your email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in > your email. > __________________________________________________ Do You Yahoo!? Yahoo! Health - your guide to health and wellness http://health.yahoo.com - - - -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. ------------------------------ End of canslim-digest V2 #2386 ****************************** 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.