From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #244 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 Tuesday, May 19 1998 Volume 02 : Number 244 In this issue: Re: [CANSLIM] BNYN High tight flag? [CANSLIM] market indicators/direction Re: [CANSLIM] IMCO [CANSLIM] OBV/MF/EMA [CANSLIM] Canslim members requesting OBV/MF/EMA technicals. Re: [CANSLIM] market internals RE: [CANSLIM] RXSD Breakout Re: [CANSLIM] RXSD Breakout RE: [CANSLIM] Re: [ TIM"S CANSLIM] My list for this week RE: [CANSLIM] BNYN High tight flag? [CANSLIM] PMCO, CIX (was OBV/MF) Re: [CANSLIM] IMCO Re: [CANSLIM] RXSD Breakout Re: [CANSLIM] For Tom: XETA is CANSLIM RE: [CANSLIM] Re: [ TIM"S CANSLIM] My list for this week Re: [CANSLIM] OBV/MF/EMA technicals. [CANSLIM] Re: CNBC Squawk Box [CANSLIM] Re: Quotes Plus Charts [CANSLIM] XETA Trial [CANSLIM] OBV/MF/EMA:TKN, AACE, CNMD, and XETA [CANSLIM] Re: RXSD breakout - TIM Re: [CANSLIM] Members not receiving OBV/MF technicals. Re: [CANSLIM] OBV/MF/EMA:TKN, AACE, CNMD, and XETA Re: [CANSLIM] OBV/MF/EMA:TKN, AACE, CNMD, and XETA ---------------------------------------------------------------------- Date: Tue, 19 May 1998 07:28:41 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] BNYN High tight flag? I don't know if I would call this a HTF, maybe some of the better chart readers can answer this point, but I would point out that this stock has a LOT of very recent overhang to work thru before it can do a lot. Yesterday's volume and price gain on a down day is impressive, but I think there are many better charts out there than BNYN. When I mentioned Banyan, it was due to the one day performance of a well known battered down stock more than because of CANSLIM quality, tho it did meet some of the tests. Had I traded it, I would have done so only as a 1 or 2 day trade, not as an investment. Tom W - -----Original Message----- From: Mulack To: canslim@xmission.com Date: Tuesday, May 19, 1998 1:03 AM Subject: [CANSLIM] BNYN High tight flag? >I have been following BNYN since Tom mentioned it. > > I am wondering if it is going through a high tight Flag similar to what GMGC >went through (if indeed gmgc went through a HTF). In comparing the two >companies graphs view the daily graphs. If anyone has any view points I will >greatly appreciate your opinions. > >I am new to investing only a year. I am trying to learn and appreciate any >suggestions. Thanks ahead of time for responses. > >Frank > > >- > - - ------------------------------ Date: Tue, 19 May 1998 05:56:33 -0600 From: Dan Sutton Subject: [CANSLIM] market indicators/direction Smart Money magazine has an intractive Yield Curve article at: http://www.smartmoney.com/si/tools/onebond/index.cfm?story=yieldcurve- Looks like it's an interesting indicator for market direction - - ------------------------------ Date: Tue, 19 May 1998 08:19:50 -0400 From: Ari Lawson Subject: Re: [CANSLIM] IMCO Impco Technologies Inc.,IMCO. GRS-63 ADV-47,300 Float-3.5 mill. Timeliness-B EPS-91 RS-83 Advanced yesterday on better than double Vol.Extended just a little over 5%. Any thoughts appreciated.THANKS! - - ------------------------------ Date: Tue, 19 May 1998 09:31:43 -0400 From: Connie Mack Rea Subject: [CANSLIM] OBV/MF/EMA Members-- I've three stocks that look promising. I don't have time this minute to comment on them; will try to do so this morning. They are: CNMD, XETA, and AACE. I have a fourth that I will buy this morning. It is a pretty close fit to about all you can ask of OBV/MF/EMA. Too, the MACD and SlowStochastics are right on the money. The stock is TKN. I'll return later to comment on it and the previous three as soon as I can this morning. Connie Mack - - ------------------------------ Date: Mon, 18 May 1998 20:16:56 -0400 From: Connie Mack Rea Subject: [CANSLIM] Canslim members requesting OBV/MF/EMA technicals. Members requesting technicals-- My apologies for the tardiness in getting my OBV/MF files to the dozen or so who have requested them. I had thought that there were only 50-60, but once I had them boxed there were 120 to be cursorily examined. Fear not that you will receive 120; you will get perhaps the 50-60 that I thought had not been deleted. I just didn't have time to redact extraneous stuff. I finally had to send them in two parts so unwieldy had they become. I didn't realize that I had most of these files, for they were carelessly filed in several locations. Too, because I couldn't select and block send the files, I had to Copy and Paste each file to a New Message File. I am embarrassed to have sent such unedited material. Connie Mack - - ------------------------------ Date: Mon, 18 May 1998 21:03:19 -0400 From: Tom Worley Subject: Re: [CANSLIM] market internals Frank and Patrick, the dollar's rise today to a new 6.5 year high against the yen is precisely what the Feds want to see, altho not something they may publicly admit. There is not only strong pressure on the Japanese govt to reform its approach to economics, but there is also concern over growing inflationary pressures. A strong dollar will slow exports, thus slowing domestic economic activity, and likely ultimately loosening the labor mkt if it lasts long enough. It's a two edged sword, on the one hand slowing exports will further pinch major corps profit margins and sales, on the other hand it will help fight inflation. The markets fear dropping profits and sales, however the mkts fear inflation increasing to the point that a rate hike is required even more. While difficult, it's currently important to be aware of a company's involvement in intl sales, esp in Asia. And there's no protection in the company being a small or micro cap, as I found out. Every prospective "buy" should be checked for this, doesn't mean you shouldn't buy it just because it has overseas operations, but you should be aware of the extent and geography and growth it is currently showing. Most of the early forecasts of the impact of the Asian flu suggested it would be over by late in the 2nd qtr. Now, it appears to me it will drag on for most of this calendar year, and possibly even longer. And if Indonesia continues to self destruct, it may be the trigger that sets off unrest in many other Asian countries. Thus far, the Asian economic problems have served to restrain price increases, but domestic growth has offset the slowdown for demands for exports. So all that has suffered so far are profits, and that is still generally considered to be temporary. But if Asia blows up, and it lasts for any length of time (month or more) I expect investor (and consumer) sentiment will head south, and we will no longer be consolidating, but rather heading for a nasty and serious correction. I also remain concerned about the ticking timebomb in Latin America. Europe may recover economically in time to prevent LA from exploding, but only time will tell. The drops in various LA mkts today underscore this problem (Peru own 1.5%, Mexico down 2.9%, Venezuela down 3.3% and wiping out over a week of minor but steady gains, and Brazil down 6.4%). How comfortable would you feel with the Dow 30 down today nearly 600 points?? Well, that's what happened in Brazil!! Our qtr percentage pt drop fades into insignificance next to this. Remember that most economic indicators lag reality, and some of the big ones such as employment, industrial production, inventories, etc take several months before a trend is apparent. Retail sales, and sales of durable goods, may for once provide one of the better "leading economic indicators". But world news may be more timely. India's recent atomic tests is suggestive to me of a nation growingly desperate to establish some regional power. Indonesia's riots clearly show a populace under grave stress from attempts to reform long dormant and corrupt politics and economics. Already, the actions taken have caused the IMF (Intl Monetary Fund) to back off on the financial infusions intended to help with economic recovery for that nation. In looking at various index type charts in Daily Graphs, one of the more interesting ones to me is the up/down charts. Thus far, the up volume seems to be remaining consistent, bolstered (IMHO) by the continuing steady influx of fresh money. Once again, the day to day direction of the mkt seems to be dictated by whether the profit taking (or panic selling) is greater than this "threshold level" of buying. This is one of my reasons for calling this a "consolidation near the highs" vice "the beginning of a short or intermediate correction" as many other indicators would suggest. But it is a delicate balance, as the up/down volume chart suggests, and will take little external influence to upset the apple cart. I would agree that logically and intellectually the mkts have already priced in an assumption that the Feds won't tinker with the Fed rate, at least this month. However, there is still a fear that they might which has restrained fresh investing. Once the meeting is over, with no change in policy (they already shifted the bias, so what's left??) then some buy side activity could develop. Tom W - -----Original Message----- From: Frank V. Wolynski To: canslim@lists.xmission.com ; canslim@lists.xmission.com Date: Monday, May 18, 1998 8:03 PM Subject: Re: [CANSLIM] market internals >At 14:01 5/18/98 -0800, Patrick Wahl wrote: >>The broad market seems to be a little weaker than you might think it >>is from looking only at market averages. The S&P is only down a few >>points in the last 2 weeks, but the A/D totals have been negative 9 >>out of the last 10 days, and the Russell 2000 is back to where it was >>in mid-March. We might be getting to a short term oversold level, >>but overall I wonder if we are starting to enter a slow sideways >>period that might last for a few months. Hard to see a big sell off >>if bond yields remain where they are, but maybe if there are enough >>earnings shocks next quarter things could get ugly. Also, should the >>fed crank up interest rates, that might not be a happy event for the >>market. Some of the economic numbers last week showed a little more >>economic strength than was expected, so a rate hike is not out of the >>question at some point in the next few months. >> >>Any other opinions on this are welcome. I also don't know anything >>(I think it is Frank and Joe who way that, count me in on that), so >>take all this with a grain of salt or two. >> >>- > >I never said I didn't know anything! I know alot! >What I said was, I am often wrong! The difference is important to me. :-) >Knowing that statistically speaking, 80% of all forcasts and opinions in >every field of endeavor are wrong, helps me know alot about my own odds at >forecasting. > >I'm not so certain the markets haven't factored in a no-interest rate hike >news story for Tuesday. However, that doesn't mean the markets won't rally >on the news. It is just that I don't think anyone is expecting a rate hike >at this time. I can't see an anticipated non-event (no change in interest >rate policy) as being much of a catalyst for a big rally. > >Surprise if we don't get word of a rate hike tomorrow? I don't think so. >Surprise if we do get word of a rate hike! Yup, I don't think anyone really >believed all that 'yadda-yadda' about 'irrational exuberance' anyway. > >Is the dollar soaring to new highs causing anyone any concern? I haven't >heard any talk at all of how expensive american products will be overseas >and the effect that will have on earnings. Maybe I'm too early, or WRONG as >I often am! However, my questions are, at what level does the dollar rise >to receive any concern? What does the Fed do to bring the dollar to a level >that spurs foreign purchasing? > >Frank Wolynski > > >- > - - ------------------------------ Date: Tue, 19 May 1998 06:22:06 -0400 From: Larry Horn Subject: RE: [CANSLIM] RXSD Breakout Looks like it might be starting up the right side of a double bottom. EPS-98 RS-91 A/D-D IBD's %Mgmt-53 RapidResearch's %Inst-46.5 Shr-71.4 Flt-23.9 ROE-24.91 The only problems I have with it are the A/D = D, %Instit is too high (for me anyway, I usually pick %Instit too low for you) and its price is 13% below its high. It could be a nice time to get in early before it completes its pattern though. Larry Horn - -----Original Message----- From: Tim Fisher [SMTP:tim@OreRockOn.com] Sent: Monday, May 18, 1998 11:16 PM To: canslim@mail.xmission.com Subject: [CANSLIM] RXSD Breakout Caveat emptor! If tomorow is a good day I'm tempted to get back into this one. Strong breakout today - +7% on 1.3 ADV (which is skewed by the three 5x ADV days when it was "downgraded"). Scan numbers: MED-DRUGS Rexall Sundown TICKER RXSD EXCHANGE NSDQ X SECTOR 4 X INDUSTRY 106 24WK PCHG% 41.41 TREND EPGR 57.90 QEPS 0/-4 60.00 QEPS -1/-5 72.73 QEPS -2/-6 42.86 QEPS -2/-7 35.00 TREND SALE 29.55 P/E 12M 47.27 ROI 23.49 D/Equity 0.00 PEG F1 1.07 % INSIDERS 75.69 % INSTITUT 45.97 Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Tue, 19 May 1998 15:43:40 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] RXSD Breakout Tim, RXSD 98 92 D (Ouch for the Acc/Dis rating) Touched 50DMA from below. Significant trendline resistance here also. Where do you see the breakout? What pattern (per WON's examples) are you referring to? At 08:15 PM 18-05-98 -0700, you wrote: >Caveat emptor! If tomorow is a good day I'm tempted to get back into this >one. Strong breakout today - +7% on 1.3 ADV (which is skewed by the three 5x >ADV days when it was "downgraded"). Scan numbers: > >MED-DRUGS Rexall Sundown >TICKER RXSD >EXCHANGE NSDQ >X SECTOR 4 >X INDUSTRY 106 >24WK PCHG% 41.41 >TREND EPGR 57.90 >QEPS 0/-4 60.00 >QEPS -1/-5 72.73 >QEPS -2/-6 42.86 >QEPS -2/-7 35.00 >TREND SALE 29.55 >P/E 12M 47.27 >ROI 23.49 >D/Equity 0.00 >PEG F1 1.07 >% INSIDERS 75.69 >% INSTITUT 45.97 > >Tim Fisher, 1995 President, Pacific Fishery Biologists >Ore-ROCK-On Rockhounding Web Site >PFB Information >mailto:tim@OreRockOn.com >WWW http://OreRockOn.com > > >- > > Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ Date: Tue, 19 May 1998 06:49:29 -0400 From: Larry Horn Subject: RE: [CANSLIM] Re: [ TIM"S CANSLIM] My list for this week Tim, I can't help but wonder if you are actually referring to "Stocks in the News" here instead of "Your Weekend Review". The most important CANSLIM elements to me (though they are all important) are CAL and "Your Weekend Review" only lists those stocks over $7, within 15% of old highs, with both EPS and RS 85 or higher. They are ordered by group strength and so the stocks cut off are usually some with group strength D or E. That doesn't seem too loose to me; whereas, "Stocks in the News" have much looser criteria. The weaknesses of "Your Weekend Review" that I see are: There is no N (except being 15% within old high, but that's not very N to me). There are no criteria for S inclusion on the list so often stocks like CSCO show up. There are no criteria for "I" inclusion but they do list the best (best based on 3 yr performance) mutual fund with a large investment in the co. So, overall, there are a lot of good stocks there and I wouldn't say that "weak" stocks ever show up given that they must have an EPS and an RS 85 or higher. Sure they might be weak on NSI criteria but I'd say most of the stocks there are worth talking about and thinking about. Larry Horn - -----Original Message----- From: Tim Fisher [SMTP:tim@OreRockOn.com] Sent: Monday, May 18, 1998 10:24 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Re: [ TIM"S CANSLIM] My list for this week As you should have read in previous posts by others, Your Weekend Review has VERY loose criteria for inclusion on the list, and when "weak" stocks begin to show up just to fill in the blank lines in the paper, "caveat emptor!" I find your attitude a bit defensive and not supported by the majority of the group. Plese refrain from publishing such personally-directed comments to the group in the future. None of this discussion would have taken place if you would have taken the time to research C, A, N, S, L, and I on the stocks that you posted to the group. I won't take the time to respond to your other comments, suffice it to say that there is more than one opinion of CANSLIM criteria out there, and you are getting mine in my comments. If you can't handle that I have a different opinion since I read HTMMIS and wrote down WON's numerical criteria for institutional and insider ownership, then I can't help you there. At 10:58 PM 5/17/98 -0400, you wrote: > >Tim, > >I think you need to check your "loosey-goosey" scan's to make sure they are >working OK. If you will look, 5 of the 6 stocks I listed show up in this >weeks "your weekend review", and I must take issue with your statement that >these are, as you worded it "lousy prospects." > >> > It disturbs me a bit that stocks like these get posted to the group >without >> > any CANSLIM numbers which we can use to judge their WON worthines, so >to >> > speak. > >stocks like these, like what? Like those that get listed by IBD? I'll >try to do better, provide more complete info, if for no other reason than >just to make you happy. > >> ACF has practically no insider holdings and has already been grabbed by >the institutionals. > >Thats funny, I show 12% insider holdings > > > DCR looks good except for the insider holdings, > >4% isn't great, but it's not "lousy" > >After further review, the only one I would consider retracting is ANF, it >has very low %man ownership. BOCB is a new issue, we can remove that one >for that reason if you wish, but the chart is compelling. > >> > The moral of what I am trying to say here is post something like this >first >> > so I don't have to! > >No, I'll give the data that I view appropriate and adequate. If you aren't >satisfied with that which I list, do your own homework, or rather ignore my >post altogether. The issues I post largely come form "Your weekend >review", so they aren't "lousy prospects" as you so careingly worded it. > >The balance of the issues I stand by. We can debate large %instit >ownership if you wish, but going back to the section on supply and demand, >a small float with high %inst'l ownership is more beneficial than a >"reasonable" %inst'l ownership and a larger percentage float. > >Let all try to keep our posts productive, shall we. > >Kindest regards, > > >Tony Austin > >P.S. Oh, and add CBUK to my list for this week. Look Tim, no data. > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Tue, 19 May 1998 07:16:20 -0400 From: Larry Horn Subject: RE: [CANSLIM] BNYN High tight flag? I'm also new so I hope you don't mind me trying to answer. The section in HTMMIS on high tight flags says that it should go up about 100-120% fast, 4-8 weeks. BNYN certainly meets that criteria going from 6 to 13 in 7 days. I wonder if that's too fast? HTMMIS then says it can correct no more that 10-20%. BNYN went down 40% so I think that's probably too much. This looks to be a good co to continue to follow though. I will become more interested in it when it reaches back to 12-13 again. Larry Horn PS: Here is another recent discussion about high tight flags. I assume it's not a high tight flag because it didn't make it up 100%, just 30%. >Date: Sun, 03 May 1998 07:02:53 -0400 >From: Jeffry White <"postwhit@sover.net"@sover.net> >Subject: [CANSLIM] High tight Flag >> Date: Sat, 02 May 1998 13:56:26 PDT >> From: "Charles Morgan" >> Subject: [CANSLIM] High tight flag >> >> Hi everybody, >> >> I would like the groups opinion on high tight flags. I own a stock, >> (NC),in my opinion is in a high tight flag pattern. WON states in HTMMIS >> that this is a risky but strong pattern and many stocks can skyrocket >> 200% or more. >> I plan on holding this stock since my profits are pretty good on it. But >> I am more interested on the correctness(or incorrectness)of my >> interpretation. >> >> Also, I live near one of their plants and they are expanding and hiring >> about 200 employees. I view this as the company forecasting continuing >> growth. >> >> Chuck > >Not a HTF, see HTTMIS, page 167. >Nice move, though. Congratulations. - -----Original Message----- From: Mulack [SMTP:Mulack@aol.com] Sent: Tuesday, May 19, 1998 1:04 AM To: canslim@xmission.com Subject: [CANSLIM] BNYN High tight flag? I have been following BNYN since Tom mentioned it. I am wondering if it is going through a high tight Flag similar to what GMGC went through (if indeed gmgc went through a HTF). In comparing the two companies graphs view the daily graphs. If anyone has any view points I will greatly appreciate your opinions. I am new to investing only a year. I am trying to learn and appreciate any suggestions. Thanks ahead of time for responses. Frank - - ------------------------------ Date: Tue, 19 May 1998 09:44:56 -0400 From: "Antista, Anthony" Subject: [CANSLIM] PMCO, CIX (was OBV/MF) Correct me if I'm wrong, but it seems like these 2 are giving 2nd level buys [3 ema going thru 10 ema]. PMCO the MACD looks very good, although the OBV looks flat. Shouldn't this be tracking EMA??? CIX the MF/OBV is tracking price, is this a good sign?? Connie your thoughts are appreciated. Tony A. - - ------------------------------ Date: Tue, 19 May 1998 07:06:47 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] IMCO Here's what I get from Zacks. Dunno what the instit. holdings really are but if they are close to 0 then I'd stay away. Debt is a little high, otherwise looks good. MACD gave a buy a while ago, same with stochastic. I'd say it's more than a little extended. AUTO/TRUCK-ORIG Imco Tech Inc TICKER IMCO EXCHANGE NSDQ X SECTOR 5 X INDUSTRY 10 24WK PCHG% 5.26 TREND EPGR 21.85 QEPS 0/-4 45.45 QEPS -1/-5 66.67 QEPS -2/-6 10.00 QEPS -3/-7 N/A TREND SALE 18.81 P/E 12M 21.93 ROI 17.39 D/Equity 48.99 PEG F1 N/A % INSIDERS 45.76 % INSTITUT N/A At 08:19 AM 5/19/98 -0400, you wrote: >Impco Technologies Inc.,IMCO. >GRS-63 >ADV-47,300 >Float-3.5 mill. >Timeliness-B >EPS-91 >RS-83 >Advanced yesterday on better than double Vol.Extended just a little over >5%. Any thoughts appreciated.THANKS! > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Tue, 19 May 1998 07:19:21 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] RXSD Breakout As Larry explained much better, I am anticipating a return to the former highs. It's a price breakout but not off a base per se, but exiting from a double bottom. I have trouble finding the buy point off this pattern but it is IMHO at least as powerful as C&H as the weak (like me) have been flushed out. The MACD gave a buy yesterday (below the 0 line though - does that mean something?) At 03:43 PM 5/19/98 +0200, you wrote: >Tim, > >RXSD > >98 92 D (Ouch for the Acc/Dis rating) > >Touched 50DMA from below. Significant trendline resistance here also. > >Where do you see the breakout? What pattern (per WON's examples) are you >referring to? > > >At 08:15 PM 18-05-98 -0700, you wrote: >>Caveat emptor! If tomorow is a good day I'm tempted to get back into this >>one. Strong breakout today - +7% on 1.3 ADV (which is skewed by the three 5x >>ADV days when it was "downgraded"). Scan numbers: >> >>MED-DRUGS Rexall Sundown >>TICKER RXSD >>EXCHANGE NSDQ >>X SECTOR 4 >>X INDUSTRY 106 >>24WK PCHG% 41.41 >>TREND EPGR 57.90 >>QEPS 0/-4 60.00 >>QEPS -1/-5 72.73 >>QEPS -2/-6 42.86 >>QEPS -2/-7 35.00 >>TREND SALE 29.55 >>P/E 12M 47.27 >>ROI 23.49 >>D/Equity 0.00 >>PEG F1 1.07 >>% INSIDERS 75.69 >>% INSTITUT 45.97 >> >>Tim Fisher, 1995 President, Pacific Fishery Biologists >>Ore-ROCK-On Rockhounding Web Site >>PFB Information >>mailto:tim@OreRockOn.com >>WWW http://OreRockOn.com >> >> >>- >> >> > >Johan Van Houtven >CLICK! N.V. / Wilrijk, Belgium > > >- > > > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Tue, 19 May 1998 07:19:17 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] For Tom: XETA is CANSLIM Tom, Connie probably didn't know but since you said you don't look at his picks unless they are CANSLI I thought I'd point out XETA, which makes the grade by my scan. TELECOMM EQUIP Xeta Corp TICKER XETA EXCHANGE NSDQ X SECTOR 10 X INDUSTRY 179 24WK PCHG% 11.95 TREND EPGR 73.58 QEPS 0/-4 107.14 QEPS -1/-5 50.00 QEPS -2/-6 78.57 QEPS -3/-7 N/A TREND SALE 36.24 P/E 12M 21.19 ROI 28.83 D/Equity 0.00 PEG F1 0.71 % INSIDERS 17.98 % INSTITUT 8.15 At 09:31 AM 5/19/98 -0400, you wrote: >Members-- > >I've three stocks that look promising. I don't have time this minute to >comment on them; will try to do so this morning. They are: CNMD, XETA, >and AACE. > >I have a fourth that I will buy this morning. It is a pretty close fit >to about all you can ask of OBV/MF/EMA. Too, the MACD and >SlowStochastics are right on the money. The stock is TKN. > >I'll return later to comment on it and the previous three as soon as I >can this morning. > >Connie Mack > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Tue, 19 May 1998 07:19:25 -0700 (PDT) From: Tim Fisher Subject: RE: [CANSLIM] Re: [ TIM"S CANSLIM] My list for this week Since I can't afford IBD I'm reciting previous posts by others. They may have been referring to Stocks In The NEws - it doesn't matter much to me, since when I had the free trial of IBD I had a lot of trouble fitting the stocks from either of those sections to WON's criteria in HTMMIS. IBD seems to have a need to fill up space in the paper, and, IMHO again, they deviate from those criteria too often for me to just accept any of their highlighted stocks as a CANSLIM stock without researching all the numbers. At 06:49 AM 5/19/98 -0400, you wrote: >Tim, > >I can't help but wonder if you are actually referring to "Stocks in the News" here instead of >"Your Weekend Review". The most important CANSLIM elements to me (though they are >all important) are CAL and "Your Weekend Review" only lists those stocks over $7, within >15% of old highs, with both EPS and RS 85 or higher. They are ordered by group strength >and so the stocks cut off are usually some with group strength D or E. That doesn't seem >too loose to me; whereas, "Stocks in the News" have much looser criteria. > >The weaknesses of "Your Weekend Review" that I see are: There is no N (except being >15% within old high, but that's not very N to me). There are no criteria for S inclusion on >the list so often stocks like CSCO show up. There are no criteria for "I" inclusion but they >do list the best (best based on 3 yr performance) mutual fund with a large investment in >the co. > >So, overall, there are a lot of good stocks there and I wouldn't say that "weak" stocks ever >show up given that they must have an EPS and an RS 85 or higher. Sure they might be >weak on NSI criteria but I'd say most of the stocks there are worth talking about and >thinking about. > >Larry Horn Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Tue, 19 May 1998 09:31:22 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] OBV/MF/EMA technicals. Connie Thanks loads for taking the time to get all those posts together, I appreciate it, and look forward to diving into it. (I guess) I also had XETA on buy list this morning, also took advantage of TKN. Thanks again don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - - ------------------------------ Date: Tue, 19 May 1998 09:34:42 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: CNBC Squawk Box Charles Morgan, I watch Squawk Box just about every morning. I get a feel of the market, but I especially enjoy the overall lightness of the program. I have chuckled many times. This thing about Greenspan's briefcase is interesting, has been on target a number of times, as you said. Of course, the music accompanying his stride is well chosen, don't you think? Mary Keener - - ------------------------------ Date: Tue, 19 May 1998 09:36:50 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: Quotes Plus Charts Thanks, Craig Griffin, for your detailed post. Mary Keener - - ------------------------------ Date: Tue, 19 May 1998 08:07:25 -0700 From: Tim Fisher Subject: [CANSLIM] XETA Trial Found the following on Yahoo - the fact that there is an impending trial is is enough to make me stay away from XETA. Litigation Update TULSA, Okla.--(BUSINESS WIRE)--April 3, 1998--XETA Corporation announced today that its motion for summary judgment against Associated Business Telephone Systems Corp. (ABTS) was granted in part and denied in part, and that ABTS' cross-motion for summary judgment against XETA was denied on all counts. ``The effect of this ruling is to dispose of several of ABTS' various claims against XETA in our favor,'' explained Jack Ingram, XETA's President. ``We plan to continue to vigorously defend the remaining claims. This ruling also allows us to go forward with all of our counterclaims against ABTS' sister company, D&P Investments.'' The matter is scheduled for trial on July 20, 1998 before the U.S. District Court for the Northern District of Oklahoma. Tim Fisher / tim@OreRockOn.com Ore-Rock-On and Pacific Fishery Biologists WWW Sites: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Tue, 19 May 1998 11:09:39 -0400 From: Connie Mack Rea Subject: [CANSLIM] OBV/MF/EMA:TKN, AACE, CNMD, and XETA Members-- Just an aside before I comment on the stocks. I have had at least another dozen requests for the OBV/MF files. I'm again having trouble with the delivery because of some quirk in the new composite file [really two files]. When I've found the problem, I'll send out all the latest requests and also the requests of those who didn't receive the files originally or who only received one of the two files. TKN: Go to BigCharts 3-mos screen with MF on lower screen. The positive divergence is easily seen if you'll draw a price trendline from the top in April over to the edge of the chart. Draw a trendline across MF, beginning with the high at the end of March. Notice that the price correction is nice and uniform. The uniformity of the correction is clear on the Volume+ screen. The OBV screen is nearly identical to the MF. Identical patterns are stronger than the positively diverging [PD] that, though having PD, have within themselves slight to moderate divergences. Here, all is well. The MACD gave a buy yesterday. You can see that the black vertical lines, which show the degree of divergence between the two colored lines, from April on have very little divergence. In a sense, the MACD is saying what the Volume+ is saying: Nice, uniform correction taking place. The SlowStochastic gave a buy a couple of days ago from a nicely oversold area [0-20]. It also shows a triple bottom with the buy taking place at the third bottom. The EMA gave a buy Friday-Monday. Pull up a 1-mos chart. There you can see how the 3/7/10 EMAs are at work. The 3-line EMA gave a first [3-line through the 7-line] and second [3-line through the 10] level signal. Then Monday there is a third [7-line right at the 10] level signal. At the close on Monday, everything is in place for a technical buy this morning. I bought a little bit of AACE after I went back for a second look. A couple of things bothered me earlier. The MF had a sympathetic decline from the peak in mid-April out to just a couple of days ago when it responded strongly to Monday's action. OBV shows a PD across the same period. And the MACD isn't quite ready but will come around with another up day or two. Notice that the distance between the colored lines are represented by the vertical black lines. The wider the distance between the lines, the longer the black vertical lines. When the colored lines cross, the black vertical lines cross the 0 [trigger] line. Left for interpretation is where the colored lines crossed. I.e., did the crossing take place above or below the trigger line. More on this in another post. The 3-line EMA gave a first and second level buy Monday. The 7-line is leading to a third level buy, probably today if there is a good day. CNMD is marginally OBV/MF. The MF has a slight PD for the last couple of weeks. Same with the OBV. The EMA is not ready and won't be shortly. Notice that the SAR went to sell yesterday. XETA, too, is marginal. The OBV/MF has to be worked some to give any PD. The EMA gave a buy several days ago. CNMD and XETA are stocks that I pulled out on a quick eye-balling the first time through. On a careful look, they would end up on a watch list. I have been filled on both TKN and AACE. Connie Mack - - ------------------------------ Date: Tue, 19 May 1998 12:30:44 -0400 (EDT) From: "John Nogueira (mssm2000)" Subject: [CANSLIM] Re: RXSD breakout - TIM Tim - How do you see yesterday's action in RXSD as a strong breakout? On the chart I see a short undeveloped quasi-base coming off a loose pattern. I don't really read this price move (on essentially average volume) as a breakout. If this stock had broken out on the end of March (from the 7-week tight base) it would have been a buy, but it didn't and it's not. John - - ------------------------------ Date: Tue, 19 May 1998 09:53:47 -0700 (MST) From: John McDonald Subject: Re: [CANSLIM] Members not receiving OBV/MF technicals. Connie, I'd also like to thank you for your effort. It is much appreciated, and I hope I will eventually do justice to your guidance. - - ------------------------------ Date: Tue, 19 May 1998 13:37:10 -0400 From: John K Subject: Re: [CANSLIM] OBV/MF/EMA:TKN, AACE, CNMD, and XETA Connie, Thanks for the two files. Will take a while to read and digest. I went to Big Charts and looked at TKN. Is the divergence the fact that OBV and MF are relatively flat since end of March and Price is going down? Also looked at it with Metastock. OBV looks similar but Chaiken Money Flow looks totally different. Does big charts use some other kind of money flow? John K. Connie Mack Rea wrote: > Members-- > > Just an aside before I comment on the stocks. > > I have had at least another dozen requests for the OBV/MF files. I'm > again having trouble with the delivery because of some quirk in the > new > composite file [really two files]. When I've found the problem, I'll > send out all the latest requests and also the requests of those who > didn't receive the files originally or who only received one of the > two > files. > > TKN: Go to BigCharts 3-mos screen with MF on lower screen. The > positive divergence is easily seen if you'll draw a price trendline > from > the top in April over to the edge of the chart. Draw a trendline > across > MF, beginning with the high at the end of March. Notice that the > price > correction is nice and uniform. The uniformity of the correction is > clear on the Volume+ screen. > > The OBV screen is nearly identical to the MF. Identical patterns are > stronger than the positively diverging [PD] that, though having PD, > have > within themselves slight to moderate divergences. Here, all is well. > > The MACD gave a buy yesterday. You can see that the black vertical > lines, which show the degree of divergence between the two colored > lines, from April on have very little divergence. In a sense, the > MACD > is saying what the Volume+ is saying: Nice, uniform correction taking > place. > > The SlowStochastic gave a buy a couple of days ago from a nicely > oversold area [0-20]. It also shows a triple bottom with the buy > taking > place at the third bottom. > > The EMA gave a buy Friday-Monday. Pull up a 1-mos chart. There you > can > see how the 3/7/10 EMAs are at work. The 3-line EMA gave a first > [3-line through the 7-line] and second [3-line through the 10] level > signal. Then Monday there is a third [7-line right at the 10] level > signal. > > At the close on Monday, everything is in place for a technical buy > this > morning. > > I bought a little bit of AACE after I went back for a second look. A > couple of things bothered me earlier. The MF had a sympathetic > decline > from the peak in mid-April out to just a couple of days ago when it > responded strongly to Monday's action. > > OBV shows a PD across the same period. And the MACD isn't quite ready > > but will come around with another up day or two. Notice that the > distance between the colored lines are represented by the vertical > black > lines. The wider the distance between the lines, the longer the black > > vertical lines. When the colored lines cross, the black vertical > lines > cross the 0 [trigger] line. > > Left for interpretation is where the colored lines crossed. I.e., did > > the crossing take place above or below the trigger line. More on this > > in another post. > > The 3-line EMA gave a first and second level buy Monday. The 7-line > is > leading to a third level buy, probably today if there is a good day. > > CNMD is marginally OBV/MF. The MF has a slight PD for the last couple > > of weeks. Same with the OBV. The EMA is not ready and won't be > shortly. Notice that the SAR went to sell yesterday. > > XETA, too, is marginal. The OBV/MF has to be worked some to give any > PD. The EMA gave a buy several days ago. > > CNMD and XETA are stocks that I pulled out on a quick eye-balling the > first time through. On a careful look, they would end up on a watch > list. > > I have been filled on both TKN and AACE. > > Connie Mack > > - - - ------------------------------ Date: Tue, 19 May 1998 13:37:10 -0400 From: John K Subject: Re: [CANSLIM] OBV/MF/EMA:TKN, AACE, CNMD, and XETA Connie, Thanks for the two files. Will take a while to read and digest. I went to Big Charts and looked at TKN. Is the divergence the fact that OBV and MF are relatively flat since end of March and Price is going down? Also looked at it with Metastock. OBV looks similar but Chaiken Money Flow looks totally different. Does big charts use some other kind of money flow? John K. Connie Mack Rea wrote: > Members-- > > Just an aside before I comment on the stocks. > > I have had at least another dozen requests for the OBV/MF files. I'm > again having trouble with the delivery because of some quirk in the > new > composite file [really two files]. When I've found the problem, I'll > send out all the latest requests and also the requests of those who > didn't receive the files originally or who only received one of the > two > files. > > TKN: Go to BigCharts 3-mos screen with MF on lower screen. The > positive divergence is easily seen if you'll draw a price trendline > from > the top in April over to the edge of the chart. Draw a trendline > across > MF, beginning with the high at the end of March. Notice that the > price > correction is nice and uniform. The uniformity of the correction is > clear on the Volume+ screen. > > The OBV screen is nearly identical to the MF. Identical patterns are > stronger than the positively diverging [PD] that, though having PD, > have > within themselves slight to moderate divergences. Here, all is well. > > The MACD gave a buy yesterday. You can see that the black vertical > lines, which show the degree of divergence between the two colored > lines, from April on have very little divergence. In a sense, the > MACD > is saying what the Volume+ is saying: Nice, uniform correction taking > place. > > The SlowStochastic gave a buy a couple of days ago from a nicely > oversold area [0-20]. It also shows a triple bottom with the buy > taking > place at the third bottom. > > The EMA gave a buy Friday-Monday. Pull up a 1-mos chart. There you > can > see how the 3/7/10 EMAs are at work. The 3-line EMA gave a first > [3-line through the 7-line] and second [3-line through the 10] level > signal. Then Monday there is a third [7-line right at the 10] level > signal. > > At the close on Monday, everything is in place for a technical buy > this > morning. > > I bought a little bit of AACE after I went back for a second look. A > couple of things bothered me earlier. The MF had a sympathetic > decline > from the peak in mid-April out to just a couple of days ago when it > responded strongly to Monday's action. > > OBV shows a PD across the same period. And the MACD isn't quite ready > > but will come around with another up day or two. Notice that the > distance between the colored lines are represented by the vertical > black > lines. The wider the distance between the lines, the longer the black > > vertical lines. When the colored lines cross, the black vertical > lines > cross the 0 [trigger] line. > > Left for interpretation is where the colored lines crossed. I.e., did > > the crossing take place above or below the trigger line. More on this > > in another post. > > The 3-line EMA gave a first and second level buy Monday. The 7-line > is > leading to a third level buy, probably today if there is a good day. > > CNMD is marginally OBV/MF. The MF has a slight PD for the last couple > > of weeks. Same with the OBV. The EMA is not ready and won't be > shortly. Notice that the SAR went to sell yesterday. > > XETA, too, is marginal. The OBV/MF has to be worked some to give any > PD. The EMA gave a buy several days ago. > > CNMD and XETA are stocks that I pulled out on a quick eye-balling the > first time through. On a careful look, they would end up on a watch > list. > > I have been filled on both TKN and AACE. > > Connie Mack > > - - - ------------------------------ End of canslim-digest V2 #244 ***************************** 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.