From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #291 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 Thursday, June 18 1998 Volume 02 : Number 291 In this issue: Re: [CANSLIM] "N": THRX - Tim Re: [CANSLIM] Elder Triple Screen TA & Canslim [CANSLIM] Re.Investors' Corner, IBD Re: [CANSLIM] "N": THRX Re: [CANSLIM] Elder Triple Screen TA & Canslim Fwd: [CANSLIM] Re.Investors' Corner, IBD Re: [CANSLIM] "N": THRX Re: [CANSLIM] Elder Triple Screen TA & Canslim Re: [CANSLIM] Elder Triple Screen TA & Canslim Re: [CANSLIM] Intro-Christopher Flann Re: [CANSLIM] Elder Triple Screen TA & Canslim [CANSLIM] Stocks [CANSLIM] OBV/MF [Connie] [CANSLIM] Questions [CANSLIM] Questions Re: [CANSLIM] Questions [CANSLIM] Re: Intro - Christopher Flann Re: [CANSLIM] Spammers getting email addresses from archives? ---------------------------------------------------------------------- Date: Thu, 18 Jun 1998 06:54:02 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] "N": THRX - Tim <> You may have something here, Tim. The stock is within a hair of being oversold on the weekly chart, already oversold and turning up on the daily, has strong support at 25. If it can stay above its 50d EMA for more than a day . . . - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 18 Jun 98 07:46:08 PDT From: "Walter Stock" Subject: Re: [CANSLIM] Elder Triple Screen TA & Canslim For longs I have been taking Canslim stocks and applying the following "Elder Triple Screen": 1) Market Tide: weekly MACD for a one year period (Histogram uptick method) 2) Market Wave: daily Slosto for a 5-day period (oversold signals when both lines first go below the 30 area) 3) Intraday Breakout: trailing buystop above previous daily high. Based on my study so far, using these screens with Canslim stocks in the last two months gives so-so results. Going back several years however, the results look very strong. System even did well through the mini-crash last October. To Bob, I don't understand what you mean by the "rubber band effect with a buy stop". Could you please explain that for me? To anyone else (Connie?), any comment on these particular indicators or the system as a whole? In many ways this system seems built for canslim longs. Walter - ---------- > >> Has anyone in our group tried the Triple Screen > method ? With or without Canslim, what was > your experience with it? << > > I did a while ago & still use a modified version. I had trouble with = how > short the time frames were. I think it makes a lot of sense but I use = BB's > on a weekly chart. The rubber band effect with a buy stop. Most of the > "Systems" are the same as it relates to a trend following system. The = only > thing that changes is the indicators or the triggers as to when to buy = or > sell. Crossing moving average, SloStoch, MACD, Parabolic, RSI, etc.etc.= etc. > > > Bob > > > P.S. When the market is up _Everything_ works great. > > - > > - - ------------------------------ Date: Thu, 18 Jun 1998 10:10:53 EDT From: Subject: [CANSLIM] Re.Investors' Corner, IBD Group: I haven't seen this article from IBD posted, and I thought to those who haven't seen it it would prove worthwhile. It concerns those stocks from IBD's database that are pretty strong during this (and I hope it turns out to be so) correction. It is from yesterday's IBD's Investors' Corner. jans Market corrections - like the one in progress - test a stock's mettle. Leading stocks that give the least ground or make new highs generally have the potential to do well once the market turns higher. They're not giving in to the drag of the market. However, leaders that are pulled substantially lower might have a hard time rallying. Some investors like to go for these fallen stars, thinking they'll shine again. I N V E S T O R ' S C O R N E R The risk? Fallen leaders from one market phase are often replaced by a new crop of vibrant stocks in the market's next leg up. IBD searched its database to see which stocks have performed the best since the market began correcting in mid-April. IBD focused on stocks with Relative Strength and Earnings Per Share ranks over 90. The result: Retailers in the apparel, department store and building product sectors continue to do well along with selected personnel, financial and computer issues. The market correction is seven weeks old. The Dow Jones industrial average has come off 6.4% from its high. The S&P 500 has held up a little better, yielding only 4%. The Nasdaq composite has done the worst, slipping 9.3%. Typically, speculative growth stocks in the OTC market correct more than those in the Dow and S&P. Kohl's Corp., the Wisconsin department store chain, is one of the best performers during the correction. It made a new high at 52 7/16 on June 11. It has come off about 3%. The stock's RS is 92, up from 74 seven weeks ago when the market correction began. The spark igniting Kohl's stock performance was a 70% increase in earnings for the fiscal first quarter ended April 30. Results, reported May 19, were 21% ahead of Street expectations. Late in May, Kohl's announced plans to accelerate new store openings. It plans to have 300 by 2000, up from its current 197. Dollar Tree Stores Inc. made a new high of 60 1/8 on June 9. It's only 4% from its peak. Its RS climbed to 90 from 82 seven weeks ago. The Virginia- based firm operates 887 dollar-priced item stores. Earnings in the first quarter jumped 100% and were 60% above Street projections. This year, analysts forecast a 28% gain in profit. The stock splits 3- for-2 on June 30. Buckle Inc., a teen apparel retailer, is 7% off its high made at 39 1/8 on June 9. The Kearney, Neb.-based operator of 204 mostly Midwest stores reported a stunning 23.6% jump in same-store sales for the four weeks ended May 30. Analysts forecast a 170% surge in net for the fiscal second quarter ending July 31. That's an acceleration in growth from the 61%, 64% and 100% gains the prior three quarters. Pacific Sunwear of California is 7% from its high of 48 1/4 made on May 20. The stock of the retailer of casual clothes and swimwear splits 3-for-2 on June 22. Its RS has been in the mid-90s for several months. Net for the fiscal year ending Jan. 31 is expected to rise 38%. Building products retailer Home Depot Inc. is parked only 4% from its high of 83 1/4 set June 11. It voted a 2-for-1 split and raised its quarterly dividend in late May. Its RS jumped to 91 from 75 seven weeks ago. Net should be up 25% this year. Rival Lowes Cos. has been no slouch. It is only 5% from its high of 84 7/8 set June 10. It will split 2-for-1 on June 29. Earnings growth accelerated the past three quarters from 9% to 32%. Personnel firm Robert Half International Inc. is 8% from its high of 60 1/4 made June 9. The firm with 200 offices around the world has a 98 EPS rank. Romac International Inc., a personnel firm with a 99 EPS rank, is near the top- end of an 11-week base. U.K.-based Select Appointments, with a 97 EPS, recently broke out of a seven-week base. Not all staffing stocks are clicking. Syntel Inc., with a 99 EPS rank, has come off 42% from its peak of 39 3/4 set April 13. The stock had a sensational run-up from 10 in January. The Michigan staffing and outsourcing firm should post a 73% rise in net this year. In the computer sector, Timberline Software Corp. edged back only 4%. The Oregon firm makes accounting software for the construction and property management industries. HBO & Co., a developer of health-care information systems, broke out of a two-month base last week. The stock is now 4% off its high. Savings and loan FirstFed Financial Corp. is off slightly from its high. Earnings for the first quarter surpassed the Street's forecast by 19%. This year, analysts see a 39% jump in net income for the Santa Monica, Calif., firm. Horizon Financial Services Corp. of Iowa is only 4% from its high. Some other issues acting well are Cisco Systems Inc., just 1% below its high, Watson Pharmaceuticals Inc., which hit a new high Tuesday, and Staples Inc., which set a new closing high. Several top performers are acting well within basing patterns. Lucent Technologies Inc. is in a seven-week base and only 6% from its high. The stock is the leader in the telecommunications-equipment group. It's doubled this year. The Street forecasts a 41% jump in earnings this year to $1.65 a share from $1.17 last year. Carnival Corp. is sailing along in a 10-week base after doubling the past 14 months. The stock split 2-for- 1 Monday. Three weeks ago, it bought the Cunard Line owner of the popular cruise ship Queen Elizabeth 2. Carnival's earnings for the fiscal year ending Nov. 30 should rise 15%. Some leaders getting hammered are Tier Technologies Inc., which is off 32% from its peak of 23 1/4 set April 22. The stock more than doubled earlier in the year. Complete Business Solutions Inc. tumbled 37% from its high. Medical glove-maker Safeskin Corp. fell as much as 29% after hitting a high of 45 on April 6. It's rallied the past two days and is now down 19% from its peak. //////////////////////////////////////////////////////////// Copyright (c) 1998 Investors Business Daily, All rights reserved. Investor's Business Daily - Investor's Corner (06/17/98) Retailers Holding Up During Correction By Leo Fasciocco - - ------------------------------ Date: Thu, 18 Jun 1998 16:40:45 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] "N": THRX Tim, 25 seems to be support for now. It had be tested 3 times the last month or so. To be precise: on 05/12, 05/18 & 06/16. One can draw a nice horizontal support line through these 3 points and all the way back to Oct 1998. The 200DMA is also near 25 now. That is an extra potential reason for support in this area. I would guess it will be bouncing around in the area between the 200 and 50 DMA for a while. I would like it to break the 50DMA (@ 28.5 now) and the 30 area before it would become a possible buy in my book. The 30 area, because that is the high of the middle leg in the W is might be forming. Just some observations from looking at the chart. I did not look at the RS, EPS & GRS yet. Did THRX come up in your fundies scan? BTW, what steps do you follow when looking for potential buys? Don't need the details, but the big steps. Example: 1) scan for fundies 2) look at chart 3) read news on stock. That would help me understand where your comming from when you post a stock to look at. Disclaimer: All comments above are from a beginner 'chartist' - me. At 06:30 AM 18/06/98 -0700, you wrote: >Here's something I found this morning. Would love to get back in this one. >Maybe this is the bit of news it needs to goose it back to the 52-wk high. >It seems to be meeting some strong resistance at 25-26... > >>Theragenics Corp (NASDAQ:THRX) >> >> NORCROSS, Ga.--(BUSINESS WIRE)--June 18, 1998--Theragenics Corp. >>(NASDAQ:THRX), the Atlanta-based cancer treatment producer, today >>announced that in the June 13, 1998 meeting of the Board of >>Directors, Christine Jacobs was named Chairman succeeding Charles >>Klimkowski. Klimkowski served as Chairman since 1994 and will >>remain on the board as a director. >> Upon assuming her new position Jacobs thanked Klimkowski for >>his dedication and leadership over the past 4 years. Jacobs went on >>to say, "Charles has greatly contributed to the success of >>Theragenics during his term as Chairman. His decision to remain on >>the board as a director and make his experience available to me will >>be a benefit as I help usher the Company into its next phase of >>growth." > >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 - - ------------------------------ Date: Thu, 18 Jun 1998 07:57:17 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Elder Triple Screen TA & Canslim <> This is similar to the "system" I posted a couple of days ago. I use a combination of slosto and MACD in step one and the first three short-term EMAs of the "ribbon" for step three (too often the stock will exceed the previous day's high then settle back down again--the ribbon helps get past all that), but the concept seems to be the same, that is, look for oversold and strengthening on a weekly basis, then on a daily basis, then momentum for the entry point. As far as the long end goes, the system can also be used for potential shorts. Just reverse everything from oversold to overbought, though as with the long end, it helps to have the market with you. I've spoken before about buying low and selling high rather than buying high and selling higher. This is a good example of how to go about that. Note: the fact that a stock is oversold does not necessarily mean that it's in a U or V. A stock can reach an oversold level in a base and often does. So much the better for CSers. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 18 Jun 1998 07:33:05 -0700 From: Tim Fisher Subject: Fwd: [CANSLIM] Re.Investors' Corner, IBD Congrats James, IBD seems to think a lot like you.=20 > Market corrections - like the one in progress - test a stock's mettle. >=A0=A0=A0=A0 Leading stocks that give the least ground or make new highs= generally >have the potential to do well once the market turns higher. They're not giving >in to the drag of the market. >=A0=A0=A0=A0 However, leaders that are pulled substantially lower might= have a hard >time rallying. Some investors like to go for these fallen stars, thinking >they'll shine again. >=A0=A0=A0=A0 I N V E S T O R ' S=A0=A0 C O R N E R > >=A0=A0=A0=A0 The risk? Fallen leaders from one market phase are often= replaced by a >new crop of vibrant stocks in the market's next leg up. >=A0=A0=A0=A0 IBD searched its database to see which stocks have performed= the best >since the market began correcting in mid-April. IBD focused on stocks with >Relative Strength and Earnings Per Share ranks over 90. >=A0=A0=A0=A0 The result: Retailers in the apparel, department store and= building >product sectors continue to do well along with selected personnel,= financial >and computer issues. >=A0=A0=A0=A0 The market correction is seven weeks old. The Dow Jones= industrial >average has come off 6.4% from its high. The S&P 500 has held up a little >better, yielding only 4%. >=A0=A0=A0=A0 The Nasdaq composite has done the worst, slipping 9.3%.= Typically, >speculative growth stocks in the OTC market correct more than those in the Dow >and S&P. >=A0=A0=A0=A0 Kohl's Corp., the Wisconsin department store chain, is one of= the best >performers during the correction. It made a new high at 52 7/16 on June 11. It >has come off about 3%. The stock's RS is 92, up from 74 seven weeks ago= when >the market correction began. >=A0=A0=A0=A0 The spark igniting Kohl's stock performance was a 70% increase= in >earnings for the fiscal first quarter ended April 30. Results, reported May >19, were 21% ahead of Street expectations. Late in May, Kohl's announced plans >to accelerate new store openings. It plans to have 300 by 2000, up from its >current 197. >=A0=A0=A0=A0 Dollar Tree Stores Inc. made a new high of 60 1/8 on June 9. I= t's only 4% >from its peak. Its RS climbed to 90 from 82 seven weeks ago. The Virginia- >based firm operates 887 dollar-priced item stores. Earnings in the first >quarter jumped 100% and were 60% above Street projections. This year, analysts >forecast a 28% gain in profit. The stock splits 3- for-2 on June 30. >=A0=A0=A0=A0 Buckle Inc., a teen apparel retailer, is 7% off its high made= at 39 1/8 >on June 9. The Kearney, Neb.-based operator of 204 mostly Midwest stores >reported a stunning 23.6% jump in same-store sales for the four weeks ended >May 30. >=A0=A0=A0=A0 Analysts forecast a 170% surge in net for the fiscal second= quarter >ending July 31. That's an acceleration in growth from the 61%, 64% and 100% >gains the prior three quarters. >=A0=A0=A0=A0 Pacific Sunwear of California is 7% from its high of 48 1/4= made on May >20. The stock of the retailer of casual clothes and swimwear splits 3-for-2 on >June 22. Its RS has been in the mid-90s for several months. Net for the fiscal >year ending Jan. 31 is expected to rise 38%. >=A0=A0=A0=A0 Building products retailer Home Depot Inc. is parked only 4%= from its >high of 83 1/4 set June 11. It voted a 2-for-1 split and raised its= quarterly >dividend in late May. Its RS jumped to 91 from 75 seven weeks ago. Net= should >be up 25% this year. >=A0=A0=A0=A0 Rival Lowes Cos. has been no slouch. It is only 5% from its= high of 84 >7/8 set June 10. It will split 2-for-1 on June 29. Earnings growth accelerated >the past three quarters from 9% to 32%. >=A0=A0=A0=A0 Personnel firm Robert Half International Inc. is 8% from its= high of 60 >1/4 made June 9. The firm with 200 offices around the world has a 98 EPS rank. >=A0=A0=A0=A0 Romac International Inc., a personnel firm with a 99 EPS rank,= is near >the top- end of an 11-week base. U.K.-based Select Appointments, with a 97 >EPS, recently broke out of a seven-week base. >=A0=A0=A0=A0 Not all staffing stocks are clicking. Syntel Inc., with a 99= EPS rank, >has come off 42% from its peak of 39 3/4 set April 13. The stock had a >sensational run-up from 10 in January. The Michigan staffing and= outsourcing >firm should post a 73% rise in net this year. >=A0=A0=A0=A0 In the computer sector, Timberline Software Corp. edged back= only 4%. The >Oregon firm makes accounting software for the construction and property >management industries. >=A0=A0=A0=A0 HBO & Co., a developer of health-care information systems,= broke out of a >two-month base last week. The stock is now 4% off its high. >=A0=A0=A0=A0 Savings and loan FirstFed Financial Corp. is off slightly from= its high. >Earnings for the first quarter surpassed the Street's forecast by 19%. This >year, analysts see a 39% jump in net income for the Santa Monica, Calif., >firm. Horizon Financial Services Corp. of Iowa is only 4% from its high. >=A0=A0=A0=A0 Some other issues acting well are Cisco Systems Inc., just 1%= below its >high, Watson Pharmaceuticals Inc., which hit a new high Tuesday, and= Staples >Inc., which set a new closing high. >=A0=A0=A0=A0 Several top performers are acting well within basing patterns.= Lucent >Technologies Inc. is in a seven-week base and only 6% from its high. The stock >is the leader in the telecommunications-equipment group. It's doubled this >year. The Street forecasts a 41% jump in earnings this year to $1.65 a= share >from $1.17 last year. >=A0=A0=A0=A0 Carnival Corp. is sailing along in a 10-week base after= doubling the past >14 months. The stock split 2-for- 1 Monday. Three weeks ago, it bought the >Cunard Line owner of the popular cruise ship Queen Elizabeth 2. Carnival's >earnings for the fiscal year ending Nov. 30 should rise 15%. >=A0=A0=A0=A0 Some leaders getting hammered are Tier Technologies Inc.,= which is off >32% from its peak of 23 1/4 set April 22. The stock more than doubled= earlier >in the year. Complete Business Solutions Inc. tumbled 37% from its high. >=A0=A0=A0=A0 Medical glove-maker Safeskin Corp. fell as much as 29% after= hitting a >high of 45 on April 6. It's rallied the past two days and is now down 19% from >its peak.=A0=A0=20 > >//////////////////////////////////////////////////////////// >Copyright (c)=A0 1998 Investors Business Daily, All rights reserved. >Investor's Business Daily - Investor's Corner (06/17/98) >Retailers Holding Up During Correction >By Leo Fasciocco > > > >- >=20 Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites mailto:Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 18 Jun 1998 08:01:40 -0700 From: Tim Fisher Subject: Re: [CANSLIM] "N": THRX Yep, was typing too fast, that's what I meant. Sorry for the confusion.= 29/30 is my target price for a buy; will look hard at it then. It ranks #1 in my "Brutal" CASLI scan. Fundies first, charts second, news third for me. That's one half of my brain. The other half says screw the fundies and buy and hold LLUR until they cease being LLUR. The two halves have been fighting it out= for a year now. Gives me massive migraines. They're coming to take me away he he ho ho ha ha to the funny farm where life is beautiful all the time... At 07:40 AM 6/18/98 , you wrote: >Tim, > >25 seems to be support for now. It had be tested 3 times the last month or >so. To be precise:=A0 on 05/12, 05/18 &=A0 06/16. One can draw a nice >horizontal support line through these 3 points and all the way back to Oct >1998.=20 > >The 200DMA is also near 25 now. That is an extra potential reason for >support in this area. > >I would guess it will be bouncing around in the area between the 200 and 50 >DMA for a while. > >I would like it to break the 50DMA (@ 28.5 now) and the 30 area before it >would become a possible buy in my book. The 30 area, because that is the >high of the middle leg in the W is might be forming. > >Just some observations from looking at the chart. I did not look at the RS, >EPS & GRS yet. > >Did THRX come up in your fundies scan? > >BTW, what steps do you follow when looking for potential buys? Don't need >the details, but the big steps. Example: 1) scan for fundies 2) look at >chart 3) read news on stock. >That would help me understand where your comming from when you post a stock >to look at. > >Disclaimer: All comments above are from a beginner 'chartist' - me. > >At 06:30 AM 18/06/98 -0700, you wrote: >>Here's something I found this morning. Would love to get back in this one. >>Maybe this is the bit of news it needs to goose it back to the 52-wk high. >>It seems to be meeting some strong resistance at 25-26... >> >>>Theragenics Corp (NASDAQ:THRX) >>> >>>=A0=A0 NORCROSS, Ga.--(BUSINESS WIRE)--June 18, 1998--Theragenics Corp. >>>(NASDAQ:THRX), the Atlanta-based cancer treatment producer, today >>>announced that in the June 13, 1998 meeting of the Board of >>>Directors, Christine Jacobs was named Chairman succeeding Charles >>>Klimkowski.=A0 Klimkowski served as Chairman since 1994 and will >>>remain on the board as a director. >>>=A0=A0 Upon assuming her new position Jacobs thanked Klimkowski for >>>his dedication and leadership over the past 4 years.=A0 Jacobs went on >>>to say, "Charles has greatly contributed to the success of >>>Theragenics during his term as Chairman.=A0 His decision to remain on >>>the board as a director and make his experience available to me will >>>be a benefit as I help usher the Company into its next phase of >>>growth." >> >>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 > > > >- >=20 Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites mailto:Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Thu, 18 Jun 1998 11:29:13 -0400 From: Robert Bomba <73223.2767@compuserve.com> Subject: Re: [CANSLIM] Elder Triple Screen TA & Canslim >> To Bob, I don't understand what you mean by the "rubber band effect with a buy stop". Could you please explain that for me? << Prices trade within ranges. Some people use channels or Bollinger Bands. When the stock gets over bought or sold it's like a rubber band stretched in one direction or another. Generally speaking the price will trade toward the middle of the trend. Or "snap" back toward the mean just like a rubber band does when it's overstretched one way or another. - - ------------------------------ Date: Thu, 18 Jun 98 11:36:01 PDT From: "Walter Stock" Subject: Re: [CANSLIM] Elder Triple Screen TA & Canslim Thank you, Db. Was up in Ottawa (Ontario) for 3 days and came back to 500+ emails. Will search through them for the post that you mention. Agree with your heretical comments about buying low and selling high, particularly in non-trending markets. Walter Stock (yes, that really is my last name) Oakville, ONT - Canada > This is similar to the "system" I posted a couple of days ago. I use > a combination of slosto and MACD in step one and the first three > short-term EMAs of the "ribbon" for step three (too often the stock > will exceed the previous day's high then settle back down again--the > ribbon helps get past all that), but the concept seems to be the same, > that is, look for oversold and strengthening on a weekly basis, then > on a daily basis, then momentum for the entry point. > > As far as the long end goes, the system can also be used for potential > shorts. Just reverse everything from oversold to overbought, though > as with the long end, it helps to have the market with you. > > I've spoken before about buying low and selling high rather than > buying high and selling higher. This is a good example of how to go > about that. Note: the fact that a stock is oversold does not > necessarily mean that it's in a U or V. A stock can reach an oversold > level in a base and often does. So much the better for CSers. > > --Db > > > > > > _________________________________________________________ > DO YOU YAHOO!? > Get your free @yahoo.com address at http://mail.yahoo.com > > > - > > - - ------------------------------ Date: Thu, 18 Jun 1998 11:44:31 -0400 From: Ari Lawson Subject: Re: [CANSLIM] Intro-Christopher Flann Christopher J. Flann wrote: > > Back in 1988 when I started at the grand old age of 31 my first job as a > college professor, I was offered a retirement plan with TIAA-CREF or the > state > system. Because I didn't know how long I would do anything, I took the > TIAA-CREF plan and selected all stocks for my investment. In 6 months I was > hooked. After 5 years, I figured I'd given enough at the office, and it was > time to move on yet remain in the Last Best Place. Montana isn't exactly > booming-and I've served my time in the metropolis, so I copped out and > pursued the last resort of scoundrels, law school. So as my chemistry > friends say, I am no longer part of the solution, as an attorney, I'm part > of the problem. > > Taking my retirement into a self directed IRA with one of the earliest > cheapest odd lot brokers, Kennedy Cabot (any body remember them?), I was > determined to do better than dart throwing monkeys. So, I've read everything > at least once. NIAC and Peter Lynch were the starting point of my journey, > Vic Speradano (Sp - I don't have my books in front of me now) a way point > with, of course, O' Neil a landmark to return to many times to continue to > navigate from. > > What have I learned along the way? Well, perception can be reality in the > stock market. Sometimes psychology is far more important than fundamental > value. Insiders often do know more. If they vote with their dollars, they > are worth listening to. A good turnaround is hard to beat. The California > banks of which I bought many back when the bubble had burst made me a lot. > The savings and loan crisis was very, very good to me. This path then, is a > little dangerous to talk about in this group because I am not "pure" > CANSLIM. > > Yep, we should have current earnings. But what about annual? Sure Cisco is > great, but what about those companies just starting to turn around or > bringing a new product to market. I made a fortune on MTIC. Around about the > time IBD featured it in New America @ 13, I was thinking of selling having > averaged up from 2.5! (insider buying and turnaround). Yep, lets bring on > the new, I'm all for it. Shares, no more than 60M, better 30. I'll buy with > 2M if the spread's OK. I don't care what MSFT has done, I don't want to keep > company with one billion others and 200 analysts. Leaders are where its at. > Ever since the red dress analogy, I've not been scared about buying at > today's top. And, averaging up is a lot more fun than down. But what about > laggards? A company that is just yesterday's story like Boston Chicken ain't > worth a dime. Yet market psychology can make some companies a good bargain. > Let's not be closed minded about this. Institutions, I love em! My goal has > always been to find something only owned by individuals, banks and the > Dimensional fund and sell it to latest mutual fund manager who just left > Wharton. It is in this area, I believe, you can make the most. Market > inefficiency, I embrace you, I love you, let me count the ways. It's his > fault. Peter Lynch with his talk of ten stocks, one "ten-bagger", three @ 20 > %, four that do little or nothing, one down and one to zero that got me > started. Screw the indexes. What will I ever learn by taking no risk? And a > "ten-bagger," isn't that easier if I start with a "good" stock under $15? So > forewarned is forearmed, no mid-cap recommendations from me. DOW, I know yee > not. Market, sure it accounts for a lot. But I don't invest in the market. I > buy companies, through stocks. Something's always going up, even in a down > market. But there again, I haven't bought much recently either. > > Now the acid test, what about EGPT, SOFT, IATA and MWDS? None are pure > CANSLIM, but maybe worth a look. > > Sorry, it took so long, but with M taking out so many, I thought a few may > have more time to read. > > Christopher J. Flann > cjflann@imt.net > Montanta. The Last Best Place. > > -I don't get it.You say these stocks are not pure CANSLIM,I find it hard to find much at all,if anything these stocks have to do with CANSLIM.What about these stocks is appealing to you.What is the criteria for picking these stocks over all the others that are cheap? Thanks - - ------------------------------ Date: Thu, 18 Jun 1998 08:50:46 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Elder Triple Screen TA & Canslim <> I believe the subject line had something to do with weekly and daily charts. But note that "system" is in quotes. What I do with the information available depends on market conditions as a whole. Though I often fail to do so, I try to be a good little CSer. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 18 Jun 1998 11:39:56 -0500 From: "Jim Noetzel" Subject: [CANSLIM] Stocks After a long layoff, I just restarted receiving the CANSLIM list. I was pretty surprised when I saw your email. Of the four stocks you listed at the bottom, I have been looking pretty heavily at two of them. (SOFT & MWDS). I came upon these by surfing the net through Yahoo, etc. A sort of "random walk", if you will. Of course, these were culled from looking at many other stocks. I've never invested before. In two months I'm coming into a fairly large lump sum of money that will be used to pay down some debt, with the rest to be invested. Should be able to invest about $25K-$30K immediately, with monthly amounts after that. Over the years, like you, I have read many books on the whole stock market "experience." I'm an information junkie of sorts, and this seems to be the perfect spot. From each book I read I walk away with a least some insight into something dealing with the market. Since I'm new in the stock market, I'm a wee bit leery of dedicating too much to a micro cap stock, but it will be part of the equation. If possible, I'd like to hear what you use to weed out the micro cap stocks. Thanks, Jim Noetzel - - ------------------------------ Date: Thu, 18 Jun 1998 12:15:06 -0400 From: Connie Mack Rea Subject: [CANSLIM] OBV/MF [Connie] Members-- OBV/MF stocks that came up this morning are MFAC, PIOG, and PMTS. Be sure to look at the EMA, SloSto, and MACD for entry points. A fourth stock, NLCS, also meets OBV/MF criteria. There is, however, a point or two relating to the conjunction of several EMAs that you might wish take a look at. I have posted earlier about multiple EMAs. For the moment, if you would put in these EMAs in BigCharts, you can see what I mean: 3/7/10/20/40/100. You can put all of these onto the screen simultaneously; just enter all of them either with a space or a comma between each entry. You can see that all but the EMA 100 have bunched into a rope over the last five days. Even the 100 EMA is very close. The bunching together is indicative of an increasing pressure on price. The metaphor of Boyle's' law of gases is a good way to visualize what is taking place. [Not the best of metaphors, however. The metaphor is mixed because I have used both the idea of bunching and pressure. So it is.] Once the pressure of the indicators overcomes the resistance of the enclosure, things begin to happen to price. Ordinarily, if there were a trading range, that range will for the time being be revised or disappear. What the trader and the investor must do is to discern which way the explosion will push price. The 30-day SloSto chart is the first place to look for an answer. It is very modestly buy but not sufficiently so to make a decision. MACD did give a buy about three weeks ago, but for the last few days it, like the SloSto, is indecisive. That it has stayed buy for so long is a slight positive. It is worth noting that traders and a few investors use at least two settings for MACD. E.g., I often use an 8/17/9 for buying and 12/25/9 for selling. There is no reason why you can't use any setting, but unless you have a good reason, stay close to the standard two. The Volume+ is slightly encouraging. The Momentum for the last 14 days [BC's setting] is marginally positive. The Ultimate Oscillator is also marginally positive. When the EMAs bunch, it may be a good time to get familiar with other indicators; look at BC's explanation to be sure you know what you're measuring. Up to this point, any decision is pretty much a toss-up. Here is how I'm playing NLCS. The 50 EMA appears to provide good resistance to protect me from more than a nominal price decline to around 21. The 52-wk low is nearby at 20. Second, as I posted a couple of days ago, I'm preparing to re-enter some of the tech stocks; they been beaten down. NLCS is one of the downtrodden. I'm guessing that I've enough resistance close by and a very modest upward bias such that I'm entering a low-risk buy. I have this morning bought a small lot of NLCS and intend to buy a second if, near the close, price is up. Since there is no hindsight massaging of the indicators, this will be a good instance to see how well I have judged the moment. At other times, I might be paying more attention to the market direction; in this instance I'm anticipating that either the market will soon begin to advance or, if not, that there is enough resistance to protect me until the correction is over. I'm never without my stops to protect me from a bad decision. And a bad decision is never farther away than the next trade. Connie Mack - - ------------------------------ Date: Thu, 18 Jun 1998 10:29:48 -0700 From: "James B. Andrews" Subject: [CANSLIM] Questions Is there somewhere that I can read what the following terms mean??? OBV/MF EMA SloSto MACD I know that OBV means on balance volume but don't know how it works... Thank You for your replies BTW, the replies to my question the other day about trading the indexes like stocks was very helpful... Thank You. Jim - - ------------------------------ Date: Thu, 18 Jun 1998 10:32:04 -0700 From: "James B. Andrews" Subject: [CANSLIM] Questions Is there somewhere that I can read what the following terms mean??? OBV/MF EMA SloSto MACD I know that OBV means on balance volume but don't know how it works... Thank You for your replies BTW, the replies to my question the other day about trading the indexes like stocks was very helpful... Thank You. Jim - - ------------------------------ Date: Thu, 18 Jun 1998 11:26:17 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Questions <> As you noted, OBV means On Balance Volume. MF is what bigcharts.com calls what is actually the standard accumulation-distribution indicator. It stands for Money Flow, but has nothing to do with MFI or Money Flow Index. EMA means Exponential Moving Average (as opposed to Simple or Weighted) SloSto is short for Slow Stochastic. There are a variety of stochastic measurements. Any charting program will allow you to apply your own numbers to the formula so that the indicator becomes more or less volatile in accordance with your investing style. In other words, it can be several degrees of "fast" or "slow", as you like, though most investors follow similar or even standard sets of numbers. The MACD is the Moving Average Convergence Divergence indicator. The following link will take you to "TA From A to Z" so that you can read up on these in further detail. http://www.equis.com/free/taz/index.html - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 18 Jun 1998 13:31:40 -0500 (CDT) From: mckeener@ix.netcom.com Subject: [CANSLIM] Re: Intro - Christopher Flann Hello Christopher, Thanks for your introduction. You are welcome. I'm a neubie with little experience except in losses, however, I value the group's input and have learned a lot. Regards, Mary Keener - - ------------------------------ Date: Thu, 18 Jun 1998 12:44:42 -0600 From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: Re: [CANSLIM] Spammers getting email addresses from archives? Ladies and Gents, I spoke with the owner of Xmission about making the canslim archives only accessable by a password. This isn't feasable unless I were to fork out a bundle of $. However, Joe McKinley , a member of our group made a suggestion that I will look into. He suggested I create a tool to go into the archives and modify every address to make it invalid. Names would be left in tact, but every email address would be purposely corrupted. In the coming days/weeks, I will plan to experiment with this idea... Best Regards, Jeff - - ------------------------------ End of canslim-digest V2 #291 ***************************** 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.