From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #294 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 Sunday, June 21 1998 Volume 02 : Number 294 In this issue: Re: [CANSLIM] Re: (Connie) Aby Joseph Cohen Recommendations Re: [CANSLIM] Mutual funds (was Mkt "noise" - JW don't read (was William J. O'Neil talks stocks)) RE: [CANSLIM] Re: (Connie) Aby Joseph Cohen Recommendations Re: [CANSLIM] Re: (Connie) Aby Joseph Cohen Recommendations Re: [CANSLIM] TELESCAN Weekend review scan [CANSLIM] Abby Cohen Re: [CANSLIM] Re: Triple Screens... and Now for the Daily [CANSLIM] High Growth Stock Investing (HGS) - Ian Woodward [CANSLIM] Johan's posting of Ian Woodward's site. [Connie] [CANSLIM] Searching for electronic journals and newsletters. [Connie] [CANSLIM] More Ian Woodward information [CANSLIM] High Growth Stock Investing (HGS) - Johan ---------------------------------------------------------------------- Date: Sat, 20 Jun 1998 09:26:16 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Re: (Connie) Aby Joseph Cohen Recommendations February 23 issue of Barrons (check your local library for there archives) has a feature story on Abby. She is a Goldman Sachs strategist. The article is excellent and well worth the time it would take to go to your library to copy it! 5 Star rating! Frank Wolynski At 23:35 6/19/98 -0400, Connie Mack Rea wrote: >Hi Mary-- > >Don't think she has a site. I have caught her in the past year on >several programs. Don't know what house she might be tied to. > >Might run her name through your search engine. Try HotBot first; then >Yahoo. > >Let me know if you run her down. > >Connie > > > > > >mckeener@ix.netcom.com wrote: > >> Hello Connie, >> >> Where can I find her recommendations, since you think so >> highly of her? >> >> As usual, thank you. >> >> Regards, >> Mary >> >> - > > > > >- > > - - ------------------------------ Date: Sat, 20 Jun 1998 09:33:51 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Mutual funds (was Mkt "noise" - JW don't read (was William J. O'Neil talks stocks)) Since you find Mutual Funds on page 127, you must be using a Second Edition. For those old farts like myself, it starts on page 121 in the first edition. Do I agree with what WON says? Mostly yes, but bear in mind that a lot has changed since he first wrote in 1988 what I am rereading in 1998. For one thing, back there the number of funds publicly trading was far less than the number of stocks publicly trading. Not so any more, thus you can be far more choosy and selective than before. There are far more industry specific, size specific, index specific, regional specific and country specific than ever before. There is also far more competition amongst the growth, aggressive growth, and small cap funds as there are more in each category. The growth in numbers of "income" funds has not been as dramatic, but even there you can get pretty choosy. Some things have also changed. In 1988 there were few if any class "B" and class "C" shares in funds, both of which are back end loaded. If you are investing in funds (vice trying to trade them) then this is the way to go if you don't use no load funds. I disagree with WON on regular investing, he doesn't recommend it because he feels most investors don't keep it up. My first mutual fund investing was done this way, and it does work and is relatively painless. WON also doesn't recommend using income funds once you start to need income from your funds (which is about the only time you should be using income funds). Instead he recommends using periodic percentage (or dollar amount) withdrawals. This is a valid alternative, as by staying in growth funds, the growth can often offset the amount of withdrawal. On the other hand, you are taking mkt risk, and this may not be suitable for all. I am of the opinion that if you have reached that point in your life where you need to start taking income from your funds, then you should be in income funds, and try to only take income (not principal), or even less allowing for some future reinvestment. Presumably you need that income for your quality and standard of life, it's part of your budget. Thus you need to know that it will be there every month. If you stay with growth funds, using either percentage or dollar amount withdrawals, and the mkt declines taking your principal value down, you will either get less per month (percentage) or be selling even more shares (dollar amount). Either is bad, better to switch to income funds and know exactly what you can expect to receive without the worry. Today much of the strength in the mkt comes from 401 contributions which are regular investments. And since most 401 plans only offer funds, that's where the money goes every payday, thus the periodic investing works. I agree with WON on diversification, since a fund is already diversified, you don't need six or eight funds, anything from one to three should suffice, depending on how much you are investing. If I was plugging in $20-50K, I would probably stick to one fund. If I was dumping a million into funds, I would likely go with two or three different families. Pick a family of funds that will allow you to shift within the fund with sufficient choices, and without sales charges. You can use different families of funds for diversification and safety of management and "style". Decide on what type of funds are suitable for you. You mention you are in your 40s, if you intend working till your 60s, then you should be entirely in some type of growth funds, they have been the best overall. On the other hand, if you are in your 60s and thinking about retiring soon, and using the funds for supplemental income, you should be switching into either income funds or combo growth/income funds depending on how much you will need to take out. Typically most investors use automatic reinvestment of any dividends or capital gains. This is a good idea. If you now retire and want to start taking income, you just change this choice, you don't have to start selling shares. I do disagree with WON on the idea of starting with a lump sum investment, rather than periodic investments. Should I win the FLA lottery jackpot, I would still spread that lump sum into 4 qtrly investments, in two or three different families, than to just drop it all in at once (even if I was convinced that the correction had ended and the mkt was ready to rally). You have to remember with funds your time horizon is a lot longer than with stocks. WON talks in terms of 3-5 years minimum and 10-15 years more typically, these aren't unrealistic. If you are not willing to commit the funds for a minimum of at least 3 years, then don't put it into funds, that's the minimum cycle for performance evaluation (forget the one year comparisons, they are just hype in a good mkt). Mutual funds are a boon to investors who want to make money, are patient, and think long term. It saves all the work and worry and stress of managing individual investments. Look at your statement once a qtr, or even once a year. If you don't like the professional management you are paying for, call up the fund and ask questions. If you don't like the answers you are getting, and this has gone on for some time (like a year or so) then you may want to switch funds. BTW, you can apply CS to funds to some degree, print a one, two or three year chart of the ones you like and compare them. Print up an S&P 500 chart for the same time period, or better still overlay them (or a Russell 2000 if you are buying small cap funds). One advantage of funds is that it permits (using "B" or "C" shares) to do regular small investments without being eaten up by commissions. Back in 1988 most funds were only offering "A" shares, typically with a 5 to 8% sales charge. Over the past decade, thanks to free markets and competition, most major funds now offer at least "B" shares on the more popular funds, while the sales charge on most "A" shares is now down to 4-5%. Sorry for the delay in answering, it's been busy. If I didn't answer all your questions, ask again thru the group or privately at stkguru@netside.net. RUSH still on my watch list, but not ready yet. Job goes well, starting to apply some of my experience and common sense to improving our operations. Lot of detail to learn, the German way is far more complicated than what I was used to. Benefits package most impressive, even tho a new employee I get stock options, and using all of them (about a 30% discount to market, but with a six year lockup, talk about a long term time horizon!! But then the company stock nearly doubled last year, so looks like a wise retirement investment). Tom W - -----Original Message----- From: Ari Lawson To: canslim@lists.xmission.com Date: Tuesday, June 16, 1998 1:21 AM Subject: Re: [CANSLIM] Mkt "noise" - JW don't read (was William J. O'Neil talks stocks) >Tom, >Do you agree with O'Neils philosophy concerning mutual funds?It's on >pg.127 of HTMMIS.I have some funds i've been holding since the early >80's.If you don't ,for then,how bout for the future 5,10,15,20,years? >I'm a 40 year old guy,no debt(except mortgage).Can sock away at least >$500 a mouth,hopefully more,hopefully indefinatly.I'm all in cash right >now,except for the mutual funds i've been holding. > Don't get me wrong i still have aronnd $20,000 in cash,$10,000 that >i'm waiting patiently to do some CANSLIMING with.Just would appreciate >your oppinion on O'neil's opinion about MF's. > > THANKS ARI > > P.S.Obviously no RUSH (no pun intended),whenever you have time.Acually >RUSH doesn't look to healthy right now. > > P.S.S Hope your new position,(job)is going well! > - - ------------------------------ Date: Sat, 20 Jun 1998 07:04:44 -0400 From: "Nelson E. Timken, Esq." Subject: RE: [CANSLIM] Re: (Connie) Aby Joseph Cohen Recommendations This is a multi-part message in MIME format. - ------=_NextPart_000_003B_01BD9C19.B409D2A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit I forget which brokerage house she is with - one of the major firms here in NY- Morgan Stanley perhaps. She lives not far from us (in Queens, NY), and is a friend and neighbor of my ex-employer. If you want, I can have her ask Ms. Cohen if she is on the net the next time she sees her. Nelson E. Timken Join my Investing List at: http://onelist.com/subscribe.cgi/investing-list Or my Investing Club List at: http://www.onelist.com/subscribe.cgi/investing-club - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Connie Mack Rea Sent: Friday, June 19, 1998 11:35 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Re: (Connie) Aby Joseph Cohen Recommendations Hi Mary-- Don't think she has a site. I have caught her in the past year on several programs. Don't know what house she might be tied to. Might run her name through your search engine. Try HotBot first; then Yahoo. Let me know if you run her down. Connie mckeener@ix.netcom.com wrote: > Hello Connie, > > Where can I find her recommendations, since you think so > highly of her? > > As usual, thank you. > > Regards, > Mary > > - - - - - ------------------------------ Date: Sat, 20 Jun 1998 11:06:44 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] Re: (Connie) Aby Joseph Cohen Recommendations Thanks, Frank Need to get away from the keyboard. Connie Frank V. Wolynski wrote: > February 23 issue of Barrons (check your local library for there archives) > has a feature story on Abby. > She is a Goldman Sachs strategist. > The article is excellent and well worth the time it would take to go to > your library to copy it! 5 Star rating! > > Frank Wolynski > > At 23:35 6/19/98 -0400, Connie Mack Rea wrote: > >Hi Mary-- > > > >Don't think she has a site. I have caught her in the past year on > >several programs. Don't know what house she might be tied to. > > > >Might run her name through your search engine. Try HotBot first; then > >Yahoo. > > > >Let me know if you run her down. > > > >Connie > > > > > > > > > > > >mckeener@ix.netcom.com wrote: > > > >> Hello Connie, > >> > >> Where can I find her recommendations, since you think so > >> highly of her? > >> > >> As usual, thank you. > >> > >> Regards, > >> Mary > >> > >> - > > > > > > > > > >- > > > > > > - - - ------------------------------ Date: Sat, 20 Jun 1998 11:41:41 PST From: jubileeyear@juno.com (Neil V. Himber) Subject: Re: [CANSLIM] TELESCAN Weekend review scan Hi Dan: I would like a copy of the excel file you use in scanning for stocks. My e-mail address is jubileeyear@juno.com. Thanks, Neil Himber _____________________________________________________________________ You don't need to buy Internet access to use free Internet e-mail. Get completely free e-mail from Juno at http://www.juno.com Or call Juno at (800) 654-JUNO [654-5866] - - ------------------------------ Date: Sat, 20 Jun 1998 11:43:47 -0600 From: Warren Keuffel Subject: [CANSLIM] Abby Cohen Senator -- I believe Abby Cohen is with Goldman Saks, and she appears quite often in Barrons (the latest with some big digs at GS for not promoting to Partner someone who contributes so much to the firm.) Thus I would look at GS (if indeed they have a site) and at Barrons. Warren Date: Fri, 19 Jun 1998 23:35:12 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] Re: (Connie) Aby Joseph Cohen Recommendations Hi Mary-- Don't think she has a site. I have caught her in the past year on several programs. Don't know what house she might be tied to. Might run her name through your search engine. Try HotBot first; then Yahoo. Let me know if you run her down. Connie - - ------------------------------ Date: Sat, 20 Jun 1998 11:48:35 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Re: Triple Screens... and Now for the Daily <> Depends on what you mean by "better", Mary. Maybe the word "prudent" is more accurate. Be that as it may, it really depends on your upchuck factor, how disciplined you are at triggering stops and how aggressive you are. The MACD may confirm in days or it may take weeks. Do you want to be in at the turn, or do you want additional confirmation? This is where other factors, such as retracement levels, price and moving average supports, and trendlines come into play. If a stock had turned positive on the weekly and a look at the daily had shown an upturn on the stoch but not yet the MACD, BUT the stock was coming off important support with good volume, I doubt I'd wait for the MACD. OTOH, if fewer or none of these other factors were in my favor, I'd probably wait. To complicate matters further :) there's the matter of what's happening with the group and the market. If I'm plodding uphill into a strong headwind, I'd probably just let the thing go regardless and wait until confitions overall were on my side. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sat, 20 Jun 1998 23:51:41 +0200 From: Johan Van Houtven Subject: [CANSLIM] High Growth Stock Investing (HGS) - Ian Woodward Ian Woodward has some good stuff about HGS investing at the following site: http://sosadvisors.com/ianshome.htm Intro to HGS investing (very good IMHO): http://sosadvisors.com/ians3.htm Sample newsletter with interesting stuff about group rotation: http://sosadvisors.com/ians4.htm Disclaimer: In no way am I associated with Ian Woodward or his products. Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ Date: Sat, 20 Jun 1998 19:58:30 -0400 From: Connie Mack Rea Subject: [CANSLIM] Johan's posting of Ian Woodward's site. [Connie] Members-- We should all be grateful for Johan's post on Woodward. I read every word and do enjoy pieces that are well written and thoughtful. Not thinking about Johan's post but thinking rather, of other instances, about how tardy was Woodward allowed to escape his site and to enter ours. Would seem that he had been kept prisoner and only when his existence was inferred [some of his comments appeared without attribution] did he get released so that the rest of us could get the benefit of his work. In a past context here, there was for a time the critical practice of "shoot them all and let God do the sorting." Some of the critical ammunition appears to have been loaded with piercing facts that were not always one's own. The gun fire that wounded several members was loaded with arguments we thought were the speaker's own; now there is suspicion that some attribution was owed to another. A little bootlegging of information, perhaps? Members will benefit from looking into Woodward. You will learn some about Samurai, cha-cha-cha, and mattress-stuffing investors. Connie Mack - - ------------------------------ Date: Sat, 20 Jun 1998 22:00:14 -0400 From: Connie Mack Rea Subject: [CANSLIM] Searching for electronic journals and newsletters. [Connie] Two members have asked about how to search for electronic journals and newsletters without using browser search engines. This is a site with thousands of links: http://gort.ucsd.edu/ This will take you to the University of California at San Diego. On the immediate screen there are nine choices--some interesting places other than the one we want: "NewJour Electronic Journals and Newsletters." Click, and on the next screen you'll have alphabetical choices of available items. Some of the links give only information about obtaining the item; others will bring up the item in its entirety. Connie Mack - - ------------------------------ Date: Sun, 21 Jun 1998 06:33:41 -0600 From: "Dan Sutton" Subject: [CANSLIM] More Ian Woodward information I have been following/studying Ian Woodward for about three years. Although I have not been able to attend any of his seminar's yet I plan on doing so this year. Ian has a forum on Wall Street City that is located at: http://www.wallstreetcity.com/talk/roundtables.htm Also one of the participants has posted a table that is outstanding for Group Strength, Group Speed and Group Rotation, it is at: http://member.aol.com/isellstuf/index.html Another great site that already has HGS stocks screened ala Ian's concepts is at: http://members.aol.com/RANord/ The following site has several graphs for measuring market sentiment. Ian developed a quick and easy method of gauging sentiment using a ratio of ABCD and E ranked stocks from IBD. The following site has the ratios in a graph format: http://members.delphi.com/styk/index.html And lastly, I have quite a few of the messages from Ian's AOL forum from the last year or so in an MS Access database file. The file is about 1,400K and contains almost 300 records, about half of them pertain to Ian. Each record may vary from 1 sentence to 5 pages long. The file also contains information and key points from various books I have read. This is NOT a professional database, it is my personal notebook and contains only the information I found interesting or helpful. If any one wants a copy of the file E-mail me privately (do not reply to the group). It is in MS Access format and in order to be opened and used it requires MS Access 97...earlier versions will not be able to read it. If you find Ian's methods interesting I highly recommend buying his video and the $40 book with all of his newsletters in it. They are available from TELESCAN. _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - - - ------------------------------ Date: Sun, 21 Jun 1998 09:30:07 -0400 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] High Growth Stock Investing (HGS) - Johan Thanks very much for the links, Johan. Haven't read them thoroughly, but looks like a souped up CANSLIM/HTMMIS/IBD approach, no? Group "stuff" is currently what I'm after, and the links look to be quite helpful. Thanks again. JW - - ------------------------------ End of canslim-digest V2 #294 ***************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. 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