From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2745 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 Wednesday, August 7 2002 Volume 02 : Number 2745 In this issue: Re: [CANSLIM] cup-without-handle; "tightness" questions [CANSLIM] HTMMIS charts Re: [CANSLIM] Identifying NEW leaders Re: [CANSLIM] Identifying NEW leaders Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes ---------------------------------------------------------------------- Date: Wed, 7 Aug 2002 22:42:58 -0400 From: "Ann" Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions Hi, Tom, I've just read the 3rd edition of HTMMIS, and it's in there. On page 127, in the section called, "Basic Characteristics of Handle Areas" in the chapter called, "How to Read Charts Like an Expert and Improve your Stock Picks", WON says: "The formation of the handle area generally takes more than one or two weeks and has a downward price drift or shakeout...Volume will dry up noticeably near the lows in the handle's price pullback phase. "There are a few exceptions: Cups without handles have a somewhat higher failure rate, although many stocks do successfully advance without forming a handle. Also, some of the more volatile technology names in 1999 formed handles of only one or two weeks..." Also, in the chapter entitled, "Models of the Greatest Stock Market Winners: 1952-2001," where he shows model charts, there is a section, "Cup-Without-Handle Pattern," on pages 161-162, in which he shows 8 charts. "Cup-Without-Handle Pattern" is even an entry in the index!! In HTMMIS, 2nd ed., WON mentions cups without handles on page 164. I hope this helps! Ann - ----- Original Message ----- From: "Tom Worley" To: Sent: Wednesday, August 07, 2002 10:26 PM Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions : Patrick and Ann, : : I don't recall ever hearing about a handleless cup as a valid CANSLIM : pattern. Is this something only IBD sees, or can someone quote WON also : supporting this as a valid pattern? : : ----- Original Message ----- : From: "Patrick Wahl" : To: : Sent: Wednesday, August 07, 2002 12:30 PM : Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions : : : I don't know this for sure, but I think you might be referring to an article : where the : IBD pulled out an example of a stock that blasted off from a cup pattern : without first : forming a handle and said that not all stocks form a handle. This is the : sort of thing : that IBD does that I find a little questionable ( and Duke has been good at : pointing : this stuff out), and that is to do an after the fact analysis and justify it : on shaky : grounds. If a stock spiked up from a cup with no handle and then failed, I : could : easily see IBD saying -see, no handle, this is the sort of thing you have to : watch out : for, this stock should not have been bought. : : So I think the easy answer is that if it doesn't form a handle and takes : off, let it go, : wiat for the next one, you don't have to catch everything, look for the : sounder : pattern. : : On 7 Aug 2002 at 12:14, Ann wrote: : : > Maybe I didn't form my question right. How do I know, as the cup forms its : > right side and approaches the previous high, whether it's going to be a : cup : > with a handle or without a handle? What if I am waiting for a handle to : > form, but it doesn't form and goes straight to breaking out? Then it has : > formed a cup-without-handle, but I have missed the breakout. Or do you : just : > have to be there at the time it is breaking out or catch it within 5%? : : : : - : -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: Wed, 7 Aug 2002 22:53:26 -0400 From: "Ann" Subject: [CANSLIM] HTMMIS charts One difference between the 2nd and 3rd eds. of HTMMIS is that in the 3rd, WON puts the sample charts into sections, according to the kind of base formation the chart demonstrates. However, in the 2nd ed., he has only two sections:"Examples of Great Winners to Guide You" and "Sell or Short-selling Models." I don't remember seeing that last one before. (I guess it was too far beyond me when I read the 2nd ed!) The way he showed the type of chart in the 2nd ed. was to show the span of the base and label the type of formation right on the chart. At times it would say "CUP WITH HANDLE" and at times it said "CUP". Perhaps that was my friend, "Cup-without-Handle." I like the way he marks the bases in the 3rd edition with A (left rim), B (bottom of cup), C (right rim), and D (buy point). Ann - ----- Original Message ----- From: "Tom Worley" To: Sent: Wednesday, August 07, 2002 10:26 PM Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions : Patrick and Ann, : : I don't recall ever hearing about a handleless cup as a valid CANSLIM : pattern. Is this something only IBD sees, or can someone quote WON also : supporting this as a valid pattern? : : ----- Original Message ----- : From: "Patrick Wahl" : To: : Sent: Wednesday, August 07, 2002 12:30 PM : Subject: Re: [CANSLIM] cup-without-handle; "tightness" questions : : : I don't know this for sure, but I think you might be referring to an article : where the : IBD pulled out an example of a stock that blasted off from a cup pattern : without first : forming a handle and said that not all stocks form a handle. This is the : sort of thing : that IBD does that I find a little questionable ( and Duke has been good at : pointing : this stuff out), and that is to do an after the fact analysis and justify it : on shaky : grounds. If a stock spiked up from a cup with no handle and then failed, I : could : easily see IBD saying -see, no handle, this is the sort of thing you have to : watch out : for, this stock should not have been bought. : : So I think the easy answer is that if it doesn't form a handle and takes : off, let it go, : wiat for the next one, you don't have to catch everything, look for the : sounder : pattern. : : On 7 Aug 2002 at 12:14, Ann wrote: : : > Maybe I didn't form my question right. How do I know, as the cup forms its : > right side and approaches the previous high, whether it's going to be a : cup : > with a handle or without a handle? What if I am waiting for a handle to : > form, but it doesn't form and goes straight to breaking out? Then it has : > formed a cup-without-handle, but I have missed the breakout. Or do you : just : > have to be there at the time it is breaking out or catch it within 5%? : : : : - : -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: Wed, 7 Aug 2002 23:07:38 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Identifying NEW leaders This is a multi-part message in MIME format. - ------=_NextPart_000_009C_01C23E67.39A7FF60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Nancy, the reason I don't support or participate in putting together a = "group list" (whether for hunting or watching) (and aside from my weekly = list in my WWW column) is that my personal shopping list is tailored to = my own tastes, criteria, biases, preferences, etc. So many would dislike = it, and most would find stocks on it outside their personal preferences, = biases, etc since I only do small and micro cap stocks that are usually = also low priced (all under $20) and frequently illiquid. On the other hand, when I do my weekend review and list, I set aside my = personal biases and preferences because I am trying to get the flavor = and taste of CANSLIM. Thus, you will see banks there, but never on my = personal list, as just one example. The point of that list is to look at = charts that meet requirements of high RS and EPS, and see if there is a = basing pattern present. For the same reason, I have no interest in anyone else's list. Their = preferences, criteria, minimum requirements, etc are not mine. I am glad = to look at, and occasionally comment on, a particular stock mentioned = (especially when the poster explains why it is liked for CANSLIM = reasons), but I have neither the time nor interest in going thru a big = list. - ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 6:38 PM Subject: Re: [CANSLIM] Identifying NEW leaders I agree- all these things are great-I'm seeing it more and more as I = read and post. My question is, what would be the harm of adding say the = top two or three stocks from each interested persons list( who would = choose to participate)-to be dissected by the group. A person like me = who is relatively new to canslim would probably have my stocks shot down = right away. But I would learn from that. But some of the smarter = canslimers on the site, who have a lot more time and knowledge, or = computer savvy could probably pinpoint the possible great ones from the = O.K. ones easily, where I would never see it at this point. I went = to see Bill Oneil in L.A. and he said even he needed a 3 year learning = curve before he started to get the system and become profitable. I know = there are not many good stocks right now , but hypothetically -if the = market turns in 6 months and leaders start to emerge in a year or so- = this type of brainstorming may give all boats a chance to rise with the = tide. Otherwise , any of us that haven't had the three year curve may = very well miss a great buying opportunity. My last point I will make is = that if we step out of our analytical minds- Ex. what is canslim , what = is a cup, what is a break out, etc.- What is really happening is that = if people can learn to make a fair number of successful trades using = this system or this list then lives are changed for the better. Kids = can go to college-homes are bought- good medical care is available. I = know when many people are grouped together there will never be 100% = agreement but several people have said they would consider it. It = doesn't take all- just a few with knowledge. I don't see how anyone = would lose from sharing their knowledge-where would we all be if Bill O. = felt that way. Even he puts out lists- I will stop with this = thought-What if Katherine had the next AOL in her sites and you didn't. = Would anyone here want to miss it because she felt like as long as she = found it the rest was not her problem. Thanks for letting me put my = point out there. Nancy ----- Original Message -----=20 From: David Taggart=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 1:09 PM Subject: RE: [CANSLIM] Identifying NEW leaders I like how the list has been most of the time. If you want to post a = list that is made up of mostly canslim stocks more power to you if you = dont thats fine too. If someone has a question regarding a stock as = long as it is Canslimish then go ahead. And if you have any other = questions or lessons post away. Its a good group that seems to be = willing to answer any questions regarding CANSLIM and things related to = growth stocks and trading in general. -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Winston Little Sent: Wednesday, August 07, 2002 1:55 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Identifying NEW leaders Two groups have emerged. One group is asking for help with tutorial discussion of a = "potential list", the other group stating that the purpose of this board = is not to identify specific issues. The position of both groups have merit. A middle ground may be for anyone to post a particular stock = (maximum of two for the entire group each day, first come first served). = The person posting, MUST give some background on the stock and some = listing of what makes the person believe it is a potential for the day's = CANSLIM discussion. Once posted with the necessary background information, discussion on = the merits, flaws and cautions could follow. Benefits would be good review for some people, good tutorial for = others, good opportunity for some others to hone their skills as = constructive reviews evolved, opportunity to get different perspectives = while action is occurring (in contrast with the IBD Monday Morning = quarterbacking such as the cup with or without handles). At the end of the day, discussion ends on the one or two issues = served up. Agree? Disagree? Nonsense?=20 Flawed proposal? ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 3:38 PM Subject: Re: [CANSLIM] Identifying NEW leaders In light of the fact that these are extraordinary times, I'll = throw one out with a terribly ugly chart, but very solid current and = forward CANSLIM fundamentals ... (and besides, I love their name - the = Engineer in me has always wanted to buy stocks like this): CBI-NYSE, = Chicago Bridge and Iron I am particularly intrigued by the combination of a strong grwing = backlog, relatively low historical valuation and a sustained recent = increase in ADV. However, the chart is awful. Any opinions on this one? Ian BTW - I qualify these as 'extraordinary times' because I've had no = trouble finding strong groups/sectors/stocks at any point in the last = few years, until this past June. It amazes me that everything can be = weak simultaneously. ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 11:38 AM Subject: Re: [CANSLIM] Identifying NEW leaders Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs = out 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs = out 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris - ------=_NextPart_000_009C_01C23E67.39A7FF60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Nancy, the reason I don't support or participate = in=20 putting together a "group list" (whether for hunting or watching) (and = aside=20 from my weekly list in my WWW column) is that my personal shopping list = is=20 tailored to my own tastes, criteria, biases, preferences, etc. So many = would=20 dislike it, and most would find stocks on it outside their personal = preferences,=20 biases, etc since I only do small and micro cap stocks that are usually = also low=20 priced (all under $20) and frequently illiquid.
 
On the other hand, when I do my weekend review = and list, I=20 set aside my personal biases and preferences because I am trying to get = the=20 flavor and taste of CANSLIM. Thus, you will see banks there, but never = on my=20 personal list, as just one example. The point of that list is to look at = charts=20 that meet requirements of high RS and EPS, and see if there is a basing = pattern=20 present.
 
For the same reason, I have no interest in = anyone else's=20 list. Their preferences, criteria, minimum requirements, etc are not = mine. I am=20 glad to look at, and occasionally comment on, a particular stock = mentioned=20 (especially when the poster explains why it is liked for CANSLIM = reasons), but I=20 have neither the time nor interest in going thru a big = list.
 
----- Original Message -----=20
From: zillagirl
Sent: Wednesday, August 07, 2002 6:38 PM
Subject: Re: [CANSLIM] Identifying NEW leaders

I agree- all these things are great-I'm = seeing it=20 more and more as I read and post.  My question is, what would be = the harm=20 of adding say the top two or three stocks from each  = interested=20 persons list( who would choose to participate)-to be dissected by = the=20 group. A person like me who is relatively new to canslim would = probably=20 have my stocks shot down right away.  But I would = learn from=20 that.    But some of the smarter canslimers on the site, = who have=20 a lot more time  and knowledge, or computer savvy could = probably=20 pinpoint the possible great ones from the O.K. ones easily, where I = would=20 never see it at this point.     I went to see Bill = Oneil in=20 L.A. and he said even he needed a 3 year learning curve before he = started to get=20 the system and become profitable.  I know there are not many good = stocks=20 right now , but hypothetically  -if the market turns in 6 months = and=20 leaders start to emerge in a year or so- this type of brainstorming may = give all=20 boats a chance to rise with the tide.  Otherwise , any of us = that=20 haven't had the three year curve may very well miss a great buying=20 opportunity.  My last point I will make is that if we step out of = our=20 analytical minds- Ex. what is  canslim , what is a cup, what is a = break=20 out, etc.-  What is really happening is that if people can learn to = make a=20 fair number of successful trades using this system or this list then = lives are=20 changed for the better.  Kids can go to college-homes are bought- = good=20 medical care is available.  I know when many people are grouped = together=20 there will never be 100% agreement but several people have said = they would=20 consider it. It doesn't take all- just a few with knowledge. I = don't=20 see how anyone would lose from sharing their knowledge-where = would we=20 all be if Bill O. felt that way. Even he puts out lists-  I = will stop=20 with this thought-What if Katherine had the next AOL in her sites and = you=20 didn't.  Would anyone here want to miss it because she felt=20 like as long as she found it the rest was not her problem.  = Thanks for=20 letting me put my point out there. Nancy
----- Original Message -----
From:=20 David Taggart
Sent: Wednesday, August 07, = 2002 1:09=20 PM
Subject: RE: [CANSLIM] = Identifying NEW=20 leaders

I=20 like how the list has been most of the time.  If you want to post = a list=20 that is made up of mostly canslim stocks more power to you if you dont = thats=20 fine too.  If someone has a question regarding a stock as long as = it is=20 Canslimish then go ahead.  And if you have any other questions or = lessons=20 post away.  Its a good group that seems to be willing to answer = any=20 questions regarding CANSLIM and things related to growth stocks and = trading in=20 general.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Winston = Little
Sent: Wednesday, August 07, 2002 1:55 = PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

Two groups have emerged.
One group is asking for help with tutorial = discussion=20 of a "potential list", the other group stating that the purpose = of this=20 board is not to identify specific issues.
The position of  both groups have=20 merit.
A middle ground may be for anyone to post a = particular=20 stock (maximum of two for the entire = group each=20 day, first come first served).
The person posting, MUST give some background on = the stock=20 and some listing of what makes the person believe it is a potential = for the=20 day's CANSLIM discussion.
Once posted with the necessary background = information,=20 discussion on the merits, flaws and cautions could = follow.
Benefits would be good review for some people, = good=20 tutorial for others, good opportunity for some others to = hone their=20 skills as constructive reviews evolved, opportunity to get different = perspectives while action is occurring (in contrast with the IBD = Monday=20 Morning quarterbacking such as the cup with or without=20 handles).
At the end of the day, discussion ends on the = one or two=20 issues served up.
 
 
Agree?
Disagree?
Nonsense? 
Flawed proposal?
 
 
 
 
 
 
----- Original Message ----- =
From:=20 Ian =
To: canslim@lists.xmission.com= =20
Sent: Wednesday, August 07, = 2002 3:38=20 PM
Subject: Re: [CANSLIM] = Identifying=20 NEW leaders

In light of the fact that these are = extraordinary times,=20 I'll throw one out with a terribly ugly chart, but very solid = current and=20 forward CANSLIM fundamentals ... (and besides, I love their name - = the=20 Engineer in me has always wanted to buy stocks like this): = CBI-NYSE,=20 Chicago Bridge and Iron
 
I am particularly intrigued by the combination = of a=20 strong grwing backlog, relatively low historical valuation and a = sustained=20 recent increase in ADV. However, the chart is awful. Any opinions = on this=20 one?
 
Ian
 
BTW - I qualify these as 'extraordinary times' = because=20 I've had no trouble finding strong groups/sectors/stocks at any = point in=20 the last few years, until this past June. It amazes me that = everything can=20 be weak simultaneously.
 
 
----- Original Message ----- =
From:=20 Vanchee1@aol.com
To: canslim@lists.xmission.com= =20
Sent: Wednesday, August = 07, 2002=20 11:38 AM
Subject: Re: [CANSLIM] = Identifying=20 NEW leaders

Here is = one similar to=20 CHTT, what do you think.

DLI,  Rev last qtr of 93 = mil, EPS=20 of .53, dept/equity .97, shrs out 8.6, float 4.7

CHTT Rev = last=20 qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float = 8.1

CHTT does have double the margin but much more dept.=20 = comments

Chris
- ------=_NextPart_000_009C_01C23E67.39A7FF60-- - - - -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, 7 Aug 2002 23:11:50 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Identifying NEW leaders This is a multi-part message in MIME format. - ------=_NextPart_000_00B1_01C23E67.CF88AE30 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Winston, nice idea which I could support with reservations. I would hate = for a newcomer seriously trying to learn CANSLIM be prevented from = discussing a stock he/she has found simply because it is the third one = mentioned that day, especially if the first two turned out to be dogs. As an alternative idea, a year or two ago, some members that wanted to = discuss technical analysis in more depth formed a new group for this. = Didn't seem to harm this group, but took the discussion to a different = forum. That could be done with this as well, form a "stock of the day" = discussion group. - ----- Original Message -----=20 From: Winston Little=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 3:54 PM Subject: Re: [CANSLIM] Identifying NEW leaders Two groups have emerged. One group is asking for help with tutorial discussion of a "potential = list", the other group stating that the purpose of this board is not to = identify specific issues. The position of both groups have merit. A middle ground may be for anyone to post a particular stock (maximum of = two for the entire group each day, first come first served).=20 The person posting, MUST give some background on the stock and some = listing of what makes the person believe it is a potential for the day's = CANSLIM discussion. Once posted with the necessary background information, discussion on the = merits, flaws and cautions could follow. Benefits would be good review for some people, good tutorial for others, = good opportunity for some others to hone their skills as constructive = reviews evolved, opportunity to get different perspectives while action = is occurring (in contrast with the IBD Monday Morning quarterbacking = such as the cup with or without handles). At the end of the day, discussion ends on the one or two issues served = up. Agree? Disagree? Nonsense?=20 Flawed proposal? ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 3:38 PM Subject: Re: [CANSLIM] Identifying NEW leaders In light of the fact that these are extraordinary times, I'll throw = one out with a terribly ugly chart, but very solid current and forward = CANSLIM fundamentals ... (and besides, I love their name - the Engineer = in me has always wanted to buy stocks like this): CBI-NYSE, Chicago = Bridge and Iron I am particularly intrigued by the combination of a strong grwing = backlog, relatively low historical valuation and a sustained recent = increase in ADV. However, the chart is awful. Any opinions on this one? Ian BTW - I qualify these as 'extraordinary times' because I've had no = trouble finding strong groups/sectors/stocks at any point in the last = few years, until this past June. It amazes me that everything can be = weak simultaneously. ----- Original Message -----=20 From: Vanchee1@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 11:38 AM Subject: Re: [CANSLIM] Identifying NEW leaders Here is one similar to CHTT, what do you think. DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out = 8.6, float 4.7 CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out = 9.5, float 8.1 CHTT does have double the margin but much more dept. comments Chris - ------=_NextPart_000_00B1_01C23E67.CF88AE30 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Winston, nice idea which I could support with=20 reservations. I would hate for a newcomer seriously trying to learn = CANSLIM be=20 prevented from discussing a stock he/she has found simply because it is = the=20 third one mentioned that day, especially if the first two turned out to = be=20 dogs.
 
As an alternative idea, a year or two ago, some = members=20 that wanted to discuss technical analysis in more depth formed a new = group for=20 this. Didn't seem to harm this group, but took the discussion to a = different=20 forum. That could be done with this as well, form a "stock of the day"=20 discussion group.
 
----- Original Message -----=20
From: Winston=20 Little
Sent: Wednesday, August 07, 2002 3:54 PM
Subject: Re: [CANSLIM] Identifying NEW leaders

Two groups have emerged.
One group is asking for help with tutorial = discussion of=20 a "potential list", the other group stating that the purpose of = this board=20 is not to identify specific issues.
The position of  both groups have=20 merit.
A middle ground may be for anyone to post a = particular=20 stock (maximum of two for the entire group = each day,=20 first come first served).
The person posting, MUST give some background on the = stock and=20 some listing of what makes the person believe it is a potential for the = day's=20 CANSLIM discussion.
Once posted with the necessary background = information,=20 discussion on the merits, flaws and cautions could follow.
Benefits would be good review for some people, good = tutorial=20 for others, good opportunity for some others to hone their skills = as=20 constructive reviews evolved, opportunity to get different perspectives = while=20 action is occurring (in contrast with the IBD Monday Morning = quarterbacking such=20 as the cup with or without handles).
At the end of the day, discussion ends on the one or = two=20 issues served up.
 
 
Agree?
Disagree?
Nonsense? 
Flawed proposal?
 
 
 
 
 
 
----- Original Message -----
From:=20 Ian =
Sent: Wednesday, August 07, = 2002 3:38=20 PM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

In light of the fact that these are extraordinary = times,=20 I'll throw one out with a terribly ugly chart, but very solid current = and=20 forward CANSLIM fundamentals ... (and besides, I love their name - the = Engineer in me has always wanted to buy stocks like this): CBI-NYSE, = Chicago=20 Bridge and Iron
 
I am particularly intrigued by the combination of = a strong=20 grwing backlog, relatively low historical valuation and a sustained = recent=20 increase in ADV. However, the chart is awful. Any opinions on this=20 one?
 
Ian
 
BTW - I qualify these as 'extraordinary times' = because I've=20 had no trouble finding strong groups/sectors/stocks at any point in = the last=20 few years, until this past June. It amazes me that everything can be = weak=20 simultaneously.
 
 
----- Original Message -----
From:=20 Vanchee1@aol.com
Sent: Wednesday, August 07, = 2002 11:38=20 AM
Subject: Re: [CANSLIM] = Identifying NEW=20 leaders

Here is one similar to CHTT, what do = you=20 think.

DLI,  Rev last qtr of 93 mil, EPS of .53, = dept/equity=20 .97, shrs out 8.6, float 4.7

CHTT Rev last qtr of 58 mil, EPS = of .58,=20 dept/equity 4.03, shrs out 9.5, float 8.1

CHTT does have = double the=20 margin but much more dept.=20 comments

Chris
<= /HTML> - ------=_NextPart_000_00B1_01C23E67.CF88AE30-- - - - -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, 7 Aug 2002 23:11:22 -0400 From: "Ann" Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes This is a multi-part message in MIME format. - ------=_NextPart_000_01DF_01C23E67.BEC60FC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Nancy, I have felt the way you are feeling, and you are not alone. When I first joined this list about 1 1/2 years ago, I had very little = idea what people were talking about, even though I had read WON's books. At times I would ask questions if I felt there was a remote chance of my = understanding the answer, but a lot of the time I lurked. (And a lot of = the time, I didn't understand the answers I got to questions--and still = don't always!) Being a teacher and writer, I don't have much time to = spend on investing, so my learning curve has been rather shallow. But I would just delete the messages I knew were beyond me and = concentrate on the ones that were at my level. Keep reading WON's books, = the lessons on ibd.com, Investors' Corner. I made a little CANSLIM = notebook, with a section for each letter, for charts, industries, = market, buy/sell rules, trading, and added to it whenever I had time. Now I have some idea of what people are talking about some of the time, = but it's still not 100%, nor does it have to be. The more knowledgeable and experienced members of the list are = incredibly generous with their time and knowledge, but they can't know = what our background is. Also, we have to do the "footwork" ourselves.=20 I love being reminded (thank you, whoever posted this today) that it = took WON 3 years to get the system!!=20 Don't give up! Ann ----- Original Message -----=20 From: zillagirl=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 10:47 PM Subject: Re: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Katherine-I know I said my last post on the subject would be my last, = but please let me respond to your post. First , you know I respect your = knowledge greatly-as do others on the board and I hope you see this post = in the spirit it was meant and not argumentative. "need to develop = mining skills" That taught me a lot. "many ways to mine"- that taught = me more. " tools and methodology are discussed"- almost always I do = not understand. When Gene sent his list today - once more I could not = get it to show up on my screen and as always have not a clue why. " = Veterans wouldn't use it anyway" I can really see the importance of all = the veterans ignoring each others work even if the newcomers would eat = it up and learn a lot from it -a definite waste of time. "Did not = filter" - what the hell is that. "Uploading" what the hell is that. = Linking mechanism and no longer build an auto link" since they go hand = in hand-what the hell are they. I don't mean to be disrespectful-If you = feel that I am, you already have an apology of mine on file. I just = want you to see, one time, what this board looks like through my eyes. = I'm pretty sure that Chris and I are not the only ones in this boat = because you say three hundred people are on this list but the same few = people post over and over about stuff that I guess they already know = because they don't want to even discuss other peoples stuff. Please = forgive me but I am not an engineer, or a lawyer, or a stockbroker. I'm = just a plain ordinary girl trying to learn a trading system and I am = really thinking I am way out of my league on this list. God Bless the = ones that got the brains because apparently I am not amongst them. = From one of the other 275 people. Respectfully- Nancy ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:12 PM Subject: RE: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Thanks, Gene....glad you feel that way. I think the folks that would benefit most are the newbies (new to = CANSLIM, that is)....but they need to learn to develop their mining = skills as part of learning CANSLIM, so I think a weekly list would be = more of a crutch than a help. There are as many ways to mine for stocks = as there are fish in the sea, so finding a path that fits the person is = far more powerful. There's often discussion on the list devoted to tools = and methods for developing a personal watchlist and in the end is more = productive than simply posting a list. The veterans have their own methodologies already in place and = wouldn't use it anyway. I don't pay attention to any of the lists that = are posted, but do get something out of the discussion on individual = stocks and more general CANSLIM and investing topics. I've posted the hunting list several times before, but until the = 7/22 list, did not filter it for RS and relationship to 50 and 200 day = moving averages before uploading. More than anything, the list was = designed to provide links to charts and the CANSLIM evaluators and to = provide a starting point if anybody wanted to start their own permanent = personal watchlist. Unfortunately, IBD has changed their linking = mechanism and there is no longer a way to build an auto link to each = individual stock. My intent on 7/22 in filtering further for minimum = technicals was done as a way to create some focus on what *might* be = working given there had been some discussion on the list about that very = topic and that the market appeared to be groping for a bottom. Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 07, 2002 4:43 PM Subject: [CANSLIM] Hunting List (nee Watchlist) - Holy Tomatoes Katherine, I withdraw my request for you to post a weekly 'hunting' = list. Gene - ------=_NextPart_000_01DF_01C23E67.BEC60FC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Nancy,
 
I have felt the way you are feeling, and you are not = alone.
 
When I first joined this list about 1 1/2 years ago, = I had=20 very little idea what people were talking about, even though I had read = WON's=20 books.
 
At times I would ask questions if I felt there was a = remote=20 chance of my understanding the answer, but a lot of the time I lurked. = (And a=20 lot of the time, I didn't understand the answers I got to questions--and = still=20 don't always!) Being a teacher and writer, I don't = have much=20 time to spend on investing, so my learning curve has been rather=20 shallow.
 
But I would just delete the messages I knew were = beyond me and=20 concentrate on the ones that were at my level. Keep reading WON's books, = the=20 lessons on ibd.com, Investors' Corner. I made a little CANSLIM notebook, = with a=20 section for each letter, for charts, industries, market, buy/sell rules, = trading, and added to it whenever I had time.
 
Now I have some idea of what people are talking = about some of=20 the time, but it's still not 100%, nor does it have to be.
 
The more knowledgeable and experienced members of = the list are=20 incredibly generous with their time and knowledge, but they can't know = what our=20 background is. Also, we have to do the "footwork" ourselves. =
 
I love being reminded (thank you, whoever posted = this today)=20 that it took WON 3 years to get the system!!
 
Don't give up!
 
Ann
----- Original Message -----
From:=20 zillagirl
Sent: Wednesday, August 07, = 2002 10:47=20 PM
Subject: Re: [CANSLIM] Hunting = List (nee=20 Watchlist) - Holy Tomatoes

Katherine-I know I said my last post = on the=20 subject would be my last, but please let me respond to your = post.  First=20 , you know I respect your knowledge greatly-as do others on the board = and I=20 hope you see this post in the spirit it was meant and not=20 argumentative.   "need to develop mining skills"  That = taught=20 me a lot.  "many ways to mine"- that taught me more.   = " tools=20 and methodology are discussed"- almost always I do not = understand.  When=20 Gene sent his list today - once more I could not get it to show up on = my=20 screen and as always have not a clue why. " Veterans wouldn't use = it=20 anyway"  I can really see the importance of all the veterans = ignoring=20 each others work  even if the newcomers would eat it up and learn = a lot=20 from it -a definite waste of time.   "Did not filter"  = - - what=20 the hell is that.  "Uploading" what the hell is that.  = Linking=20 mechanism and no longer build an auto link"  since they go hand = in=20 hand-what the hell are they.  I don't mean to be disrespectful-If = you=20 feel that I am, you already have an apology of mine on file.  I = just want=20 you to see, one time, what  this board looks like through my = eyes. I'm=20 pretty sure that Chris and I are not the only ones in this boat = because you=20 say three hundred people are on this list but the same few people post = over=20 and over about stuff that I guess  they already know because they = don't=20 want to even discuss other peoples stuff.  Please forgive me but = I am not=20 an engineer, or a lawyer, or a stockbroker.  I'm just a plain = ordinary=20 girl trying to learn a trading system and I am = really thinking  I=20 am  way out of my league on this list. God Bless the ones=20 that   got the brains because apparently I am not amongst=20 them.  From one of the other 275 people.  Respectfully-=20 Nancy
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Wednesday, August 07, = 2002 4:12=20 PM
Subject: RE: [CANSLIM] = Hunting List=20 (nee Watchlist) - Holy Tomatoes

Thanks, Gene....glad you feel that way.
 
I think the folks that would benefit most are the newbies (new = to=20 CANSLIM, that is)....but they need to learn to develop their mining = skills=20 as part of learning CANSLIM, so I think a weekly list would be more = of a=20 crutch than a help. There are as many ways to mine for stocks as = there=20 are fish in the sea, so finding a path that fits the=20 person is far more powerful. There's often discussion on the = list=20 devoted to tools and methods for developing a personal watchlist and = in the=20 end is more productive than simply posting a list.
 
The veterans have their own methodologies already in place and = wouldn't=20 use it anyway. I don't pay attention to any of the lists that are = posted,=20 but do get something out of the discussion on individual stocks and = more=20 general CANSLIM and investing topics.
 
I've posted the hunting list several times before, but until = the 7/22=20 list, did not filter it for RS and relationship to 50 and 200 day = moving=20 averages before uploading. More than anything, the list was designed = to=20 provide links to charts and the CANSLIM evaluators and to provide a = starting=20 point if anybody wanted to start their own permanent personal = watchlist.=20 Unfortunately, IBD has changed their linking mechanism and there is = no=20 longer a way to build an auto link to each individual stock. My = intent on=20 7/22 in filtering further for minimum technicals was done as a = way to=20 create some focus on what *might* be working given there had been = some=20 discussion on the list about that very topic and that the market = appeared to=20 be groping for a bottom.
 
Katherine
 
----- Original Message -----=20
From: = Gene = Ricci
Sent: Wednesday, August 07, 2002 4:43 PM
Subject: [CANSLIM] Hunting List (nee Watchlist) - Holy=20 Tomatoes

Katherine, I withdraw my request = for you to=20 post a weekly 'hunting' list.
 
Gene
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