From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #310 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 Monday, June 29 1998 Volume 02 : Number 310 In this issue: [CANSLIM] Not Canslim - Bigcharts Tricks Re: [CANSLIM] Not Canslim - Bigcharts Tricks Re: [CANSLIM] More ?? for Tom- fund managers Re: [CANSLIM] mail box overload [CANSLIM] Research Sites; also New Issues and a Question [CANSLIM] Dan's Watch List--TA!!!!!!!!! Re: [CANSLIM] mail box overload - To all Re: [CANSLIM] Dan's Watch List--TA!!!!!!!!! Re: [CANSLIM] Dan's Watch List--TA!!!!!!!!! Re: [CANSLIM] Research Sites; also New Issues and a Question Re: [CANSLIM] More ?? for Tom- fund managers [CANSLIM] HTMMIS - Selling Pointers [CANSLIM] EDAC - Falling Knifes [CANSLIM] Final Thought on MSPG - Mindspring Re: [CANSLIM] Final Thought on MSPG - Mindspring Re: [CANSLIM] Final Thought on MSPG - Mindspring Re: [CANSLIM] EDAC - Falling Knifes Re: [CANSLIM] What about Canslim? Re: [CANSLIM] 30/70 and 50/100 Re: [CANSLIM] What about Canslim? [CANSLIM] ask price not listed. [CANSLIM] Groups [CANSLIM] 50%R RE: [CANSLIM] What about Canslim? Re: [CANSLIM] Groups ---------------------------------------------------------------------- Date: Sun, 28 Jun 1998 11:49:45 -0400 From: "Frank V. Wolynski" Subject: [CANSLIM] Not Canslim - Bigcharts Tricks Discovered something this morning that may be of use to some of you. I was looking for a means to research the apparent follow through day, 6/23/98. If you click on the available links at Bigcharts for the Charts Report of the biggest volume changes with recent new highs, you will receive the little mini charts of all stocks meeting their qualifications. While on that page, if you edit the URL (in the browser address window) and replace todays date with a date you wish to see the data for, you'll be rewarded with that days page! Not all the charts are there, but the Tickers and the Names are. I suspect their cache directory is updated daily. Interesting though, the charts will be their for the stocks continuing to meet their qualifications! Here a sample from the follow through day: http://www.bigcharts.com/reports/bigpics/volume-change/nasdaq/19980623/all_d ata.asp Same thing applies for the New High List from the opening homepage. Sample: http://www.bigcharts.com/reports/bigmovers/52wk-high/nasdaq/19980623/all_dat a.asp I don't know how far back they go, but I was collecting screens using Adobe's Acrobat Writer, as far back as 6/17. I would also assume that any of the other reports are also available. Frank Wolynski - - ------------------------------ Date: Sun, 28 Jun 1998 12:03:01 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Not Canslim - Bigcharts Tricks Let's try that again. My mail program wrapped the URL's before completion. If you can't get it to work clicking on the links below, just go to BC then edit the URL there! Frank At 11:49 6/28/98 -0400, you wrote: >Discovered something this morning that may be of use to some of you. >I was looking for a means to research the apparent follow through day, >6/23/98. > >If you click on the available links at Bigcharts for the Charts Report of >the biggest volume changes with recent new highs, you will receive the >little mini charts of all stocks meeting their qualifications. > >While on that page, if you edit the URL (in the browser address window) and >replace todays date with a date you wish to see the data for, you'll be >rewarded with that days page! Not all the charts are there, but the Tickers >and the Names are. I suspect their cache directory is updated daily. >Interesting though, the charts will be their for the stocks continuing to >meet their qualifications! > >Here a sample from the follow through day: >http://www.bigcharts.com/reports/bigpics/volume-change/nasdaq/19980623/all_ data.asp > >Same thing applies for the New High List from the opening homepage. > >Sample: >http://www.bigcharts.com/reports/bigmovers/52wk-high/nasdaq/19980623/all_da ta.asp > >I don't know how far back they go, but I was collecting screens using >Adobe's Acrobat Writer, as far back as 6/17. I would also assume that any >of the other reports are also available. > >Frank Wolynski > > - - ------------------------------ Date: Sun, 28 Jun 1998 09:18:20 -0700 (PDT) From: Tannis Malone Subject: Re: [CANSLIM] More ?? for Tom- fund managers Tom- Thanks for the explanations you have given regarding how the brokerage system works. For someone like me, who has no inside background, it's invaluable. I'm looking at N today. One key seems to be catching the coattails of a fund that is buying the caNslim stock which increases the Volume and the price. For this question, eliminate startling price increases as being part of N, but including new products, new management, innovation, or .... things that get attention in a stock not already being tracked. How long would it take for a fund manager to check out N and make a buy? TM _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 28 Jun 1998 17:34:12 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] mail box overload On Sat, 27 Jun 1998 20:32:19 -0700 (PDT), you wrote: :One of the problems is that :when somebody says something nice or thanks somebody for something, if :no acknowledgement is made then the recipient of all this looks like :an insensitive clod. But another problem is just plain laziness. =20 : :--Db : There is a tradeoff involved. It becomes a selfish act if you are cluttering up everyone's mail boxes with posts made to keep yourself from looking ungrateful. Some things just have to be assumed as understood. I've often been tempted to post a thankyou on the list and refrained for that very reason. Posting to someone personally is something I rarely do, but when I do, I copy and paste their email address into the "To: " field instead of the CANSLIM list address. Dan - - ------------------------------ Date: Sun, 28 Jun 1998 14:20:47 -0400 From: "Frank V. Wolynski" Subject: [CANSLIM] Research Sites; also New Issues and a Question Researching a recent new issue, ADSC, Atlantic Data Services, I found http://www.marketguide.com/MGI/ provided indepth financials and overviews. Both RapidResearch and StockSite had nothing on the above company. Marketguide also has Sector, and Industry Group information available for comparison of the company under scrutiny. It was the most complete financial picture I could find on the WWW. By the way, this company is the type I was referring to in my discussion of New Issues. Exploding sales, good products, timely business in a good performing Industry Group. I have emailed them for their Investor package. Now the question: ADSC came public in May. Two houses, Banc America - Robertson Stephens and BT Alex Brown have initiated coverage with a buy recommendation. Does that usually imply that the two have taken a 0000,ffff,0000$$ position in the company? Would they now be counted as institutions holding shares? I will be following this company at RapidResearch and StockSite to determine when they get off their butts to make the data available. Thanks, Frank Wolynski - - ------------------------------ Date: Sun, 28 Jun 1998 17:05:08 +0200 From: Johan Van Houtven Subject: [CANSLIM] Dan's Watch List--TA!!!!!!!!! Private email: DB, At 12:40 PM 27-06-98 -0700, you wrote: > >I'll try to look at Dan's stocks tonite or tomorrow and put together >some charts. Since these kinds of posts irritate so many people, I'll >just put it together as a private e-mail and send it to you directly. Huh? Did not notice that. Anyway, these kind of post do NOT irritate me, even more, I specifically LOOK FOR these kind of posts. So please send me a copy of the mail, if you wish. Thx. Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Sun, 28 Jun 1998 17:57:47 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] mail box overload - To all To all: How to reply to the original sender of the mail: 1) Look at the header of the mail: Example: Date: Sat, 27 Jun 1998 20:32:19 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] mail box overload To: canslim@lists.xmission.com Sender: owner-canslim@lists.xmission.com Reply-To: canslim@lists.xmission.com X-No-Archive: yes X-No-Archive: yes Notice the 2 important fields: From: dbphoenix and Reply-To: canslim@lists.xmission.com When you hit the Reply button of your email software, it will send the email to the email address in the Reply-To: field. In the example above it would send mail to canslim@lists.xmission.com. That is why when you reply to a email that was send to YOU by the CANSLIM list mailing software, it will be send back to the CANSLIM list mailing software (canslim@lists.xmission.com). What if you do NOT want to send your reply to the 800 people on the list? IF I want to reply to DB personally, you would have to first CUT his email address from the From: field. You do this by high-lighting 'dbphoenix ' and then press "CTRL C" (Hold the Control key and press the C key.). This places the high-lighted text in the clipboard. BTW, this works on a Windows PC. Then you hit Reply and you delete everything your email prog puts in the To: field. In the example above the To: field would first be: To: canslim@lists.xmission.com Then you delete 'canslim@lists.xmission.com'. It now looks like this: To: Then you INSERT the text that you put in the clipboard. You do this by pressing "CTRL V". (Hold down the Control key and press the V key.) The To: field nows looks like this: To: dbphoenix Now you send of the post. In my software (Eudora Light) I hit the Queue key to to that. Hope this makes sense. It sounds difficult, but once you have done it a few times it becomes easy. Maybe it is much more difficult with web-based email. I wouldn't know. DB wrote: ><weekend that I would like to suggest the following. If you would like >to acknowledge help or thank someone for posting something, send them >a personal e-mail to their own address. If you would like to ask >someone to repost something, ask them personally. > >In the recent spirit of this group I am totally prepared to be trashed >for this humble suggestion. > >Be that as it may. > >Ciao, >rolatzi>> > >Believe me, I know how you feel, and your suggestion has been made >many times by many people, me among them. One of the problems is that >when somebody says something nice or thanks somebody for something, if >no acknowledgement is made then the recipient of all this looks like >an insensitive clod. But another problem is just plain laziness. The >way the mailings are set up, if you don't "reply to" canslim, you've >got to go through all sorts of twists and turns (at least with Yahoo) >to get your reply to the individual rather than the group. It's >easier to just hit "reply" and let people skip what they want to skip. > >It would be nice if there were an alternative reply on the form so >that one could send the reply to either the author of the post or to >the entire group, but I suspect that would be pretty involved. > >I'm sure Jeff would be thrilled to hear any suggestions on the matter. > >--Db > > > > > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > > Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Sun, 28 Jun 1998 22:32:08 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] Dan's Watch List--TA!!!!!!!!! At 05:05 PM 28-06-98 +0200, you wrote: >Private email: Glad I just read my previous mail to All. Now I know how to send private email to DB. B^) Aarghhh! Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Sun, 28 Jun 1998 19:30:58 -0400 From: Robert Bomba <73223.2767@compuserve.com> Subject: Re: [CANSLIM] Dan's Watch List--TA!!!!!!!!! >> Date: 28-Jun-98 16:33:09 MsgID: 294-31648 ToID: 73223,2767 From: canslim@lists.xmission.com >INTERNET:canslim@lists.xmission.com Subj: Re: [CANSLIM] Dan's Watch List--TA!!!!!!!!! Chrg: $0.00 Imp: Norm Sens: Std Receipt: No Parts: 1 << Just so you know this is the header I get on my system. I don't see your E-mail address. Bob 73223.2767@compuserve.com - - ------------------------------ Date: Sun, 28 Jun 1998 21:11:07 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Research Sites; also New Issues and a Question What typically happens about a month after a company goes public is that the underwriters "initiate coverage with a buy" recommendation. I suspect if you check, you will find these two cos brought it public (you can find out be scrolling back thru the news on it and find the announcement of it going public or filing to go public - usually that release will say who are the underwriters). A position held in a stock by a broker dealer is not institutional. It may be either long or short, and may swing wildly between long and short, all depending on market demand and supply. It is highly fluid and should rarely, if ever, be considered in any investing decisions. Tom W - -----Original Message----- From: Frank V. Wolynski To: canslim@mail.xmission.com Date: Sunday, June 28, 1998 2:16 PM Subject: [CANSLIM] Research Sites; also New Issues and a Question >Researching a recent new issue, ADSC, Atlantic Data Services, I found >Now the question: >ADSC came public in May. Two houses, Banc America - Robertson Stephens and BT Alex Brown have initiated coverage with a buy recommendation. >Does that usually imply that the two have taken a $$ position in the company? >Would they now be counted as institutions holding shares? > - - ------------------------------ Date: Sun, 28 Jun 1998 21:05:13 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] More ?? for Tom- fund managers When I was getting WON's institutional buy recemmendations, I liked to try and think like a fund manager. We were all getting the "new ideas" about the same time, but I and the other brokers I worked with might only collectively take down 50 or 60 thou shares, while a decent fund would buy 250K or more, thus we could move quicker and, since we had to talk to clients first, weren't buying all at once. Typically, we didn't get many faxes prior to abut 1130 due to the time diff to California, and would concentrate our buying over the mid day period when things were slow. If a fund stepped in, they were usually visible in the last half hour of trading. Understand that a fund will typically give the entire order to only one or two broker dealers they work with. They will then accumulate stock all day long or however long it takes to get the quantity desired. They may take out every dealer at the next two or three price levels, then go high bid from there to get more stock. If they see some concentration of low offers, or a single one with size, they may go take them out as well. At the end of the day, they will then book out the amount they bot for the fund in a single block trade at the average or a little more. This is often done as an "off market" trade because of the size, so price is negotiable and doesn't have to comply exactly with the mkt at the time of final execution. However, if the mkt starts slipping below their average cost late in the day, they will try to book the sell to the fund right then so they are at least close to the mkt. The key to spotting a fund entering or exiting are large block trades, several hundred thou shares, either right near the open or right near the close, esp when it is combined with a sizable price change. Now, just because WON, with a lot of funds as clients, recommended a stock, and the stock later that day shows funds activity, does that mean the fund did its homework? Nope. Not all funds clients of WON will require that all seven elements of CANSLIM be present. And in some cases, the stock WON picked was one the fund had already found and investigated and was watching. This happened many times for me. Thus the research was already done, only the timing of entry was needed. What also happens is that one fund mgr will buy a stock, then tell his buddy about it. May be another fund mgr in the same family, or at a competing family. Depending on the credibility of the first fund mgr, the second one may just go buy it without researching it. Brokers work the same way. Assuming worst case, a fund mgr is interested in a stock he's never heard of before. He, or his staff, has instant access to far more info than you or I via not only the internet but several other systems including Bloomberg and Reuters, as well as access to a variety of news services such as Dow Jones. He, or his staff, should be able to do a reasonable due diligence review within no more than two hours, probably less. Bear in mind that disclosure of a new product or service can come about thru a news release from the company. In that case, entry of a large block order by a fund can happen almost immediately. However, execution of that order may take some time depending on liquidity. Tom W - -----Original Message----- From: Tannis Malone To: canslim@lists.xmission.com Date: Sunday, June 28, 1998 12:16 PM Subject: Re: [CANSLIM] More ?? for Tom- fund managers > >Tom- >Thanks for the explanations you have given regarding how the brokerage >system works. For someone like me, who has no inside background, it's >invaluable. > >I'm looking at N today. One key seems to be catching the coattails of >a fund that is buying the caNslim stock which increases the Volume and >the price. > >For this question, eliminate startling price increases as being part >of N, but including new products, new management, innovation, or .... >things that get attention in a stock not already being tracked. > >How long would it take for a fund manager to check out N and make a >buy? > >TM > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > - - ------------------------------ Date: Sun, 28 Jun 1998 21:40:08 -0400 From: "Frank V. Wolynski" Subject: [CANSLIM] HTMMIS - Selling Pointers HTMMIS, 2nd edition 1995, page 106. # 30. (whew....) "Sell when your stock makes a new high in price if it's off a third or fourth stage base. The third chance is seldom a charm in the market. It has become too obvious and almost everyone sees it." Does anyone have an example handy of a third or fourth stage breakdown? Can "stages" and "legs up" be used interchangeably? Also, #25 states "Wait for a second confirmation of major changes in the general market, and don't buy back stocks you sold just because they can be bought cheaper." I understand the "new leader concept", but does anyone have an idea what WON thinks is a second confirmation? An additional index with follow through? Thanks, Frank Wolynski - - ------------------------------ Date: Sun, 28 Jun 1998 22:37:46 -0400 From: "Frank V. Wolynski" Subject: [CANSLIM] EDAC - Falling Knifes EDAC obviously got ahead of itself. ( More Monday morning quarterbacking... :-) ) Perfect example of sell when the price is 50% above the 50day MOV and 200% above its 200day MOV. Actually did a bit better than that when it topped on 5/26/98. It has fallen to the short 4 week base it put in in mid april to mid may, 10.25 to 11.75. However a trendline exists, three points touch on the August 97 low, again in February and April of 98. I would gauge trendline support to be in the 10.5 area. Since it has fallen 50% plus a bit, I would expect a further fall to the 62% Fibonacci level. Again this is at the $10.25 level. I would also expect the fear factor (Fridays gap down) to peak early Monday in a selling climax and the turnaround to take place during the lunch hours. After that I would expect a bounce in an attempt to get back to the 50day then followed by weak performance. Would this technical scenario seem reasonable? Is there any news to account for the breakdown? Frank Wolynski - - ------------------------------ Date: Sun, 28 Jun 1998 22:46:18 -0400 From: "Frank V. Wolynski" Subject: [CANSLIM] Final Thought on MSPG - Mindspring Even though I am very bullish on MSPG in the long scheme of things. It is technically a sell. It is 50% extended beyond the 50day MOV and is 2x its 200day MOV. I hear a favorite sell region for the Institutions and pro traders. The best runners have to breath. Frank Wolynski ( No more MSPG, at least until things catch up a bit.) - - ------------------------------ Date: Mon, 29 Jun 1998 01:38:24 -0700 (PDT) From: Tannis Malone Subject: Re: [CANSLIM] Final Thought on MSPG - Mindspring "50% extended beyond the 50day MOV and is 2x > its 200day MOV" How do you calculate that? Like this? (these are roughly estimated from the computer screen) 1. 50% of 50day MOV + 50day MOV? So 50% ~70 = 35 + 70=105 [ext beyond the 50day MOV] 2. ~60 *2= 120 [2x its 200 day MOV] Are the criteria either or both? TM - ---"Frank V. Wolynski" wrote: > > Even though I am very bullish on MSPG in the long scheme of things. > It is technically a sell. It is I hear a favorite sell region for the Institutions and pro > traders. > > The best runners have to breath. > > Frank Wolynski > ( No more MSPG, at least until things catch up a bit.) > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Mon, 29 Jun 1998 07:36:07 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Final Thought on MSPG - Mindspring There are those who would consider the practise a lot of bunk. I have read in many publications and on many forums regarding sell tactics that it is a favorite sell region for pro traders and institutions. It is up to you to weigh the risks/rewards of following or being a contrarian to the concept. However, your calculations look correct to describe the concept, even though you used two different current prices for the stock. Let's use MSPG - - Mindspring for the example. Current price = $ 91 3/8 200day MOV = $ 44 3/8 50day MOV = $ 64 5/16 ( all from my screen for Fridays close) 2x 200day = $ 88.75 1.5x 50day = $ 96.47 We are a bit shy of the 50% extended of the 50day. (Risk/Reward stuff..) One could assume that those following the "maxim" would be exercising it, or close to. I am still a student/observer and one who believes that the true performers break all the rules. Whether MSPG will, remains to be seen. Best Regards, Frank Wolynski At 01:38 6/29/98 -0700, you wrote: >"50% extended beyond the 50day MOV and is 2x >> its 200day MOV" How do you calculate that? Like this? (these are >roughly estimated from the computer screen) >1. 50% of 50day MOV + 50day MOV? So 50% ~70 = 35 + 70=105 [ext >beyond the 50day MOV] >2. ~60 *2= 120 [2x its 200 day MOV] > >Are the criteria either or both? >TM > > >---"Frank V. Wolynski" wrote: >> >> Even though I am very bullish on MSPG in the long scheme of things. >> It is technically a sell. It is I hear a favorite sell region for >the Institutions and pro >> traders. >> >> The best runners have to breath. >> >> Frank Wolynski >> ( No more MSPG, at least until things catch up a bit.) >> ________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > - - ------------------------------ Date: Sun, 28 Jun 1998 20:20:09 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] EDAC - Falling Knifes <> I know you know it's 100% above, but someone not familiar with this might get confused. The warning signals are 30% above the 50 and 70% above the 200. <> Are you ignoring the low on 2/3? If so, your trendline support would be a little more than a point lower. Unless I'm showing a bad tick. If not, that would also jibe with the 200d. <> Where are you measuring from? From 3 to 18? << I would also expect the fear factor (Fridays gap down) to peak early Monday in a selling climax and the turnaround to take place during the lunch hours. After that I would expect a bounce in an attempt to get back to the 50day then followed by weak performance. Would this technical scenario seem reasonable? >> It's reasonable, but there are others that might be just as reasonable. What are you interested in doing? Buying? Selling? Selling short? - --Db == dbphoenix@yahoo.com _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Mon, 29 Jun 1998 12:40:47 +0700 From: "Peter Christiansen" Subject: Re: [CANSLIM] What about Canslim? I find stock lists very useful. I have a pretty through method of scanning the market for ideas, but occasionally stocks slip through my filter. More than once I have gotten some good ideas from member's watch lists, and I hope people have found my occasional postings of potential breakouts useful. Postings of CANSLIM related websites are also interesting. A lot of this is still being posted, but the amount of chaff to wade through is becoming excessive. I'm not "threatening" to unsubscribe. I was just stating a fact. I feel the quality of this group has deteriorated noticeably from six months ago. Peter Christiansen Chiang Mai - Thailand - -----Original Message----- From: Johan Van Houtven To: canslim@lists.xmission.com Date: Thursday, June 25, 1998 11:12 PM Subject: Re: [CANSLIM] What about Canslim? >Peter C. wrote: > >>I would like to strongly second Robert's sentiments. At first the bickering >>was slightly amusing. Now it has become thoroughly boring. I have lost >>interest in posting and am very close to unsubscribing. Presently, I am >>finding very little of value here. > >Peter, > >What specifically would you value? Stock lists, discussion of stock >selection criteria, CANSLIM related TA, ...? > > > >-- Johan Van Houtven > > > > > >- > > - - ------------------------------ Date: Mon, 29 Jun 1998 06:23:59 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] 30/70 and 50/100 <<"50% extended beyond the 50day MOV and is 2x > its 200day MOV" How do you calculate that? Like this? (these are roughly estimated from the computer screen) 1. 50% of 50day MOV + 50day MOV? So 50% ~70 = 35 + 70=105 [ext beyond the 50day MOV] 2. ~60 *2= 120 [2x its 200 day MOV] Are the criteria either or both? TM >> The two give you a range. Often the results will be within a few points of each other. It just depends on the pattern. Use the lowest number as a yellow flag and watch your stock carefully. As Frank says, some people think this is baloney, but this depends on whether you've taken the time to look into it. Sometimes, circumstances will create unusual situations. With internet stocks, for example, where you have a sort of feeding frenzy. But it's unlikely that a CSer would get caught up in that. The stock doesn't have to collapse at that level. Best Buy, for example, just changed its angle dramatically in order to give the 200d time to catch up. UTI last year just stopped every time it reached twice its 200d, then rolled right along. YHOO, when the 200d was at 63, went into a base at 130. It's a little like having the stock on a leash. Sometimes it'll get away from you, but not for long. AMZN, for example, went all the way up to 105 very rapidly when its 200d was at 40, but then it lost 10 points in two days. It's impossible to know whether a stock will base, pull back or collapse at this level, but it's worth knowing about. Remember, however, that using these as a price target can get you into trouble unless you're dealing with popular strong stocks. You cannot use these yardsticks when the stock has just come off a long base which was at or close to the 50d and 200d MAs. It would be ludicrous to expect every such stock to double (which is one reason why so many driller-investors got burned so badly last Fall). You must use other measures as well in order to determine the value of your stock and potential price targets. The value of these distance-from-MA measurements lies with those stocks which have been going gangbusters and are well past these MAs. Be careful when describing them, though. It's common for people to confuse 100% "of" with 100% "over" or "above" or 100% "increase". 100% of 100 is 100. A 100% increase or 100% over is 200. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Mon, 29 Jun 1998 07:13:34 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] What about Canslim? As I'm sure you are aware, the dearth of scan results or pick lists of quality is probably due partly to market conditions. My scan results have gotten awful skinny since April. When the market gives the bottom signal (I've been away the past 10 days, did it do that last week?) I'm sure the new leaders will emerge and we'll all be chattering away about them. As for current lists, I'll post my scan results after July 6 since my data is updated monthly. Personally, I don't have a good way to keep track of leadership groups. The one most important message posted to this group for me was Harlan's "Here come the oils!" post of last spring. I would like to see more group analysis/ranking posts so I know where to look for "L". Right now it seems to me that drugs and financials are leading, network services are coming up strong, but I don't see too many good candidates there (although the situation is improving). As for stocks that made my last scan, in order of my scoring system (posted to this list at the beginning of the month), THRX is looking for a base, TMBS is one which cosistently violates the 7-8% stop rule but nonetheless I should still own (how do you deal with that anyway - EDAC is another one that comes to mind). KIDD looks like it's forming a C&H, and CBR and LGTO popped my buy prices last week (my punishment for taking a vacation!). At 12:40 PM 6/29/98 +0700, you wrote: >I find stock lists very useful. I have a pretty through method of scanning >the market for ideas, but occasionally stocks slip through my filter. More >than once I have gotten some good ideas from member's watch lists, and I >hope people have found my occasional postings of potential breakouts useful. >Postings of CANSLIM related websites are also interesting. A lot of this is >still being posted, but the amount of chaff to wade through is becoming >excessive. > >I'm not "threatening" to unsubscribe. I was just stating a fact. I feel >the quality of this group has deteriorated noticeably from six months ago. > >Peter Christiansen >Chiang Mai - Thailand > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Mon, 29 Jun 1998 10:21:32 EDT From: Subject: [CANSLIM] ask price not listed. Hello members, I have an ask price in to sell at 6 5/16. The ask price being qouted is 6 3/8. Any ideas on why 6 5/16 is not being show as the ask? and should I increase my ask price to 6 3/8 since 5/16 is not listed? Thanks Frank - - ------------------------------ Date: Mon, 29 Jun 1998 07:26:01 -0700 (PDT) From: dbphoenix Subject: [CANSLIM] Groups I hope those of you who took my Computer Services suggestion last week are happy you did so. For the more conservative among you, Mobile/RV has a very pretty group chart--a seven-week base, nine-week cup, and 1-week handle. Res/Comml Bldg has a similar chart. Airlines are showing a seven-week cup and a three-week handle. In each case, the 17d is just coming up through the 50, indicating strength. Happy hunting! - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Mon, 29 Jun 1998 07:47:30 -0700 (PDT) From: dbphoenix Subject: [CANSLIM] 50%R ANLT has been showing up in a lot of posts lately and is providing a good object lesson in why it can be important to know where the 50% retracement level is. At the end of last week, it tried to get through this level with no success. Since demand wasn't enough to push it through, today it's falling on heavy volume. I know that all this probably has to do with the registration, but my point remains. There's not enough demand, at least not yet. Once investors are given time to think about it (though they've been given a whole weekend), they may decide that these extra shares are a good thing and want them. If they want them badly enough, the stock will get through that 50%R and we'll have a healthy chart again, though it will become even more important to have a handle to indicate fair value. Whether you use this level as a line in the sand or not is up to you, but you should at least be aware of the fact that it exists, particularly if you're thinking of buying just below it. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Mon, 29 Jun 1998 07:44:58 -0700 From: Brian Nash Subject: RE: [CANSLIM] What about Canslim? Here's my humble set of flash cards for the week, and what my reading leads me to believe is the event to watch for. The refrain for the week seems to be "good chart, but due for a retracement". I probably like CCL best. I agree with db on two points: 1) that big-cap retail is looking toppy, so, even though there's nothing terrible about their charts, I'm very leery of GDYS and COST on this list, and 2) that Computer Services as a group looks strong. I also think some insurers look good. =================================== COP (89/86/B/B) - ADV 26772. Breakout on 50K+ CCL (90/92/A/A) - ADV 1144954. Slow retrace to 36, then bounce on 1.5m+. GDYS (88/96/A/A) - ADV 134363. Retrace to anywhere in the 51 - 53 range, bounce at any point above it on 200K. Resistance at 54, dump or double down. CZT (90/86/A/A) ADV 518818. Retrace to 56 and bounce on 750K. LGTO (97/96/A/A) ADV 485318 - no real entry point yet. MTRS (97/95/B/A) - ADV 55863. Breakout above 63 on 100K. COST (85/93/A/A) - ADV 1516500. Support at 62. Bounce on 2.25m. AZPN (95/90/B/A) - ADV 208454. Danger and opportunity at the 50 level. Can it break and hold above 50 on 300K+? The world wants to know. VRTS (98/90/B/A) - ADV 468454 - Breakout on 700K. Be sure it holds 42. HLI (89/87/B/B) - ADV 126909 - Bounce off retrace to 53 on 185K. 53 is eminently buyable - held it in the face of a downgrade. AFA (90/85/A/A) - ADV 118227 - Breakout above 37 on 180K. Don't let it violate 36. ===================== > -----Original Message----- > From: Tim Fisher [SMTP:tim@orerockon.com] > Sent: Monday, June 29, 1998 10:14 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] What about Canslim? > > As I'm sure you are aware, the dearth of scan results or pick lists of > quality is probably due partly to market conditions. My scan results have > gotten awful skinny since April. When the market gives the bottom signal > (I've been away the past 10 days, did it do that last week?) I'm sure the > new leaders will emerge and we'll all be chattering away about them. As > for > current lists, I'll post my scan results after July 6 since my data is > updated monthly. > > Personally, I don't have a good way to keep track of leadership groups. > The > one most important message posted to this group for me was Harlan's "Here > come the oils!" post of last spring. I would like to see more group > analysis/ranking posts so I know where to look for "L". Right now it seems > to me that drugs and financials are leading, network services are coming > up > strong, but I don't see too many good candidates there (although the > situation is improving). > > As for stocks that made my last scan, in order of my scoring system > (posted > to this list at the beginning of the month), THRX is looking for a base, > TMBS is one which cosistently violates the 7-8% stop rule but nonetheless > I > should still own (how do you deal with that anyway - EDAC is another one > that comes to mind). KIDD looks like it's forming a C&H, and CBR and LGTO > popped my buy prices last week (my punishment for taking a vacation!). > > At 12:40 PM 6/29/98 +0700, you wrote: > >I find stock lists very useful. I have a pretty through method of > scanning > >the market for ideas, but occasionally stocks slip through my filter. > More > >than once I have gotten some good ideas from member's watch lists, and I > >hope people have found my occasional postings of potential breakouts > useful. > >Postings of CANSLIM related websites are also interesting. A lot of this > is > >still being posted, but the amount of chaff to wade through is becoming > >excessive. > > > >I'm not "threatening" to unsubscribe. I was just stating a fact. I feel > >the quality of this group has deteriorated noticeably from six months > ago. > > > >Peter Christiansen > >Chiang Mai - Thailand > > > Tim Fisher, 1995 President, Pacific Fishery Biologists > Ore-ROCK-On Rockhounding Web Site > PFB Information > mailto:tim@OreRockOn.com > WWW http://OreRockOn.com > > > - - - ------------------------------ Date: Mon, 29 Jun 1998 18:16:39 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] Groups >I hope those of you who took my Computer Services suggestion last week >are happy you did so. Except those that bought JDAS. };^) Johan Van Houtven / CLICK! N.V. - - ------------------------------ End of canslim-digest V2 #310 ***************************** 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.