From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #314 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 Friday, July 3 1998 Volume 02 : Number 314 In this issue: RE: [CANSLIM] AFCI trashed Re: [CANSLIM] HGS file (07/01/98) [CANSLIM] I've had it [CANSLIM] Infantile Rantings of a Stock Guru Re: [CANSLIM] Infantile Rantings of a Stock Guru Re: [CANSLIM] HGS file (07/01/98) [CANSLIM] Here's an idea Re: [CANSLIM] HGS file (07/01/98) [CANSLIM] Date: Thu, 2 Jul 1998 10:39:26 -0400 Re: [CANSLIM] Date: Thu, 2 Jul 1998 10:39:26 -0400 [CANSLIM] FFTI - any clue why? Re: [CANSLIM] HGS file (07/01/98) [CANSLIM] Comparison of Trend Line with dec.RS for SELL Re: [CANSLIM] CANSLIM methodology question Re: [CANSLIM] HGS file (07/01/98) Re: [CANSLIM] AD Indicators Re: [CANSLIM] Infantile Rantings of a Stock Guru Re: [CANSLIM] CANSLIM methodology question Re: [CANSLIM] Date: Thu, 2 Jul 1998 10:39:26 -0400 [CANSLIM] Infantile Rantings of a Stock Guru [CANSLIM] Replies Re: [CANSLIM] Replies [CANSLIM] THRX Re: [CANSLIM] Comparison of Trend Line with dec.RS for SELL Re: [CANSLIM] THRX ---------------------------------------------------------------------- Date: Thu, 2 Jul 1998 06:46:11 -0400 From: Robert Bomba <73223.2767@compuserve.com> Subject: RE: [CANSLIM] AFCI trashed >> Wouldn't be a bad time to begin reviewing your strategy in terms of price targets, how much profit you have, at what point you may want to take a percentage off the table, << I agree with that 100%. I'm selling LCOS,BBY,BCF & ATI at least today. All four have had nice runups & the old saying, "Bulls make money, Bears make money but Pigs get eaten" is true in any market (G). Bob - - ------------------------------ Date: Thu, 02 Jul 1998 08:16:56 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] HGS file (07/01/98) >at 22:10 7/1/98 -0700, you wrote: > >Of Dan's list, the following have a rising weekly MACD, a 50d > 200d, >and a rising daily slosto within the last five days. > ...sniped.... >--Db Of Dan's post and Db's technical filters, the following group information may also help in selecting a stock for further study. From Mondays IBD: >ADVP - Medical/Dental/Serv Ranking #89 >ANF - Retail-Apparel/Shoe Ranking # 2 >CRFT - Bldg-Constr Prods/Misc Ranking #96 >DFG - Insurance-Life Ranking #45 >ERICY - Telecommunications Equip Ranking #34 >ESCA - Leisure Products Ranking #37 >ISCG - Computer Software/Enterprise Ranking #18 >MRTN - Transportation-Truck Ranking #113 >OROA - Retail/Wholesale-Jewelry Ranking #55 > >--Db Thanks for the list Dan, (a couple there I didn't have an eye on!) Thanks for the filter Db! Frank Wolynski - - ------------------------------ Date: Thu, 2 Jul 1998 08:23:38 -0400 From: "Tom Worley" Subject: [CANSLIM] I've had it I think Dan's sharp criticism of my treating db just as he and JW have treated me was the final convincing argument. db is crowned king, and JW is his consort. Good luck with what you got. I am assuming full time lurker status. Time for me to take, and not give, since what I have to offer is neither approved by the crown nor desired or appreciated by the people in their great majority. I got the message. On the up side, at least Dan is trying to contribute meaningful lists to this group, more than I can say for db or JW. I don't blame Dan for my reaction, he simply represents the not so silent majority. When I get my home page set up, I will let you know. I'll still be reading the email from this site, but not responding publicly. If you have a particular question you especially want me (vice db or some other group member) to answer, I suggest you send me private email at stkguru@netside.net. Please don't waste this group's time or bandwidth responding to this post, it's done, just wanted to let you know. Thanks for all the help in finding a new site for new highs, I did it on my own instead. Tom W stkguru@netside.net home page: to be announced - - ------------------------------ Date: Thu, 02 Jul 1998 09:18:35 -0400 From: Jeffry White Subject: [CANSLIM] Infantile Rantings of a Stock Guru Ooooo! He does so love the fight: > Now for the automated response from db on how he avoided this one. > > > Tom W > > > I think Dan's sharp criticism of my treating db just as he and JW have > treated me was the final convincing argument. db is crowned king, and > JW is his consort. Good luck with what you got. I am assuming full > time lurker status. Time for me to take, and not give, since what I > have to offer is neither approved by the crown nor desired or > appreciated by the people in their great majority. I got the message. > > On the up side, at least Dan is trying to contribute meaningful lists > to this group, more than I can say for db or JW. I don't blame Dan for > my reaction, he simply represents the not so silent majority. > > When I get my home page set up, I will let you know. I'll still be > reading the email from this site, but not responding publicly. If you > have a particular question you especially want me (vice db or some > other group member) to answer, I suggest you send me private email at > stkguru@netside.net. Please don't waste this group's time or bandwidth > responding to this post, it's done, just wanted to let you know. > > Thanks for all the help in finding a new site for new highs, I did it > on my own instead. > > Tom W > stkguru@netside.net > home page: to be announced > Gee, db, you got an answer for virtually every thing else posted here? > Are you in the dark on this one? > > Tom W > A final foot stomping exit for the self-anointed "Stock Guru"? A personal challenge to one who so loves the fight would be to keep your promises or at least avoid posting personal attacks for a week. Bet you can't do either, Tom. But I hope you prove me wrong. - - ------------------------------ Date: Thu, 2 Jul 1998 06:41:28 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Infantile Rantings of a Stock Guru Re: Our attempts and our pledge to cut down on junk e-mail and public personal attacks. If we can't stick to our guns for more than a few days, I would not be at all surprised to see a mass exodus from the list. It doesn't matter who cast the first stone or who seems driven to try to instigate a public argument. Let's please try to stop it right here. If one can't ignore these posts, then send a response to the individual privately with copies to as many people as you like. Regardless of how I feel about Tom or Jeffry or whomever, I don't have time for this. I don't know why Tom made his comment about my strategy for AFCI and I don't care. It doesn't bother me. Let's move on. And whether you agree or disagree with this post, contact me privately. Please. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 2 Jul 1998 07:18:33 -0700 (PDT) From: Tannis Malone Subject: Re: [CANSLIM] HGS file (07/01/98) Dan's List, Db filtered: no remaining stocks were listed in my New America archives. The "Groups with the Greatest % of stocks making new highs": from July 2, IBD. Soap and Cleaning preparations 25% Comp Sft Internet 23% Household appliances 23% Soft drinks 20% Hand Tools 20% Retail mail order skipped from 23 to 13 this week, was 41 6 months ago. TM - ---"Frank V. Wolynski" wrote: > > >at 22:10 7/1/98 -0700, you wrote: > > > >Of Dan's list, the following have a rising weekly MACD, a 50d > 200d, > >and a rising daily slosto within the last five days. > > > ...sniped.... > > >--Db > > Of Dan's post and Db's technical filters, the following group information > may also help in selecting a stock for further study. > From Mondays IBD: > >ADVP - Medical/Dental/Serv Ranking #89 > >ANF - Retail-Apparel/Shoe Ranking # 2 > >CRFT - Bldg-Constr Prods/Misc Ranking #96 > >DFG - Insurance-Life Ranking #45 > >ERICY - Telecommunications Equip Ranking #34 > >ESCA - Leisure Products Ranking #37 > >ISCG - Computer Software/Enterprise Ranking #18 > >MRTN - Transportation-Truck Ranking #113 > >OROA - Retail/Wholesale-Jewelry Ranking #55 > > > >--Db > > Thanks for the list Dan, (a couple there I didn't have an eye on!) > Thanks for the filter Db! > > Frank Wolynski > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 2 Jul 1998 10:02:57 -0400 From: "Robert Miller" Subject: [CANSLIM] Here's an idea Grow Up! I'm sure some doctors would find this group fascinating. We have proof that as you get older, your mind gets younger, since some in this group were more mature at the age of 8. How about this. From now on, when anyone makes a snide comment, let's simply ignore them. Stop reading or responding to their posts. Act as if they didn't exist. As of now, I am using my inbox assistant to delete posts from JW, DB, and TW. I will try again in a couple weeks to see if things have changed. In the meantime, I look forward to reading more civilized posts. Rob - - ------------------------------ Date: Thu, 02 Jul 1998 10:28:03 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] HGS file (07/01/98) Hi Tannis, thanks for the NewHi and New America check. Have you determined anything meaningful regarding capital appreciation and the stocks listed in the New America section? I usually have an eye already on 90% of what is listed there, and add the other 10% to my charting software, but have never extensively tested for its value as part of my investment process. I would be interested to know if it has been helpful in any way to you. (It is a great read either way!) Thanks, Frank Wolynski At 07:18 AM 7/2/98 -0700, you wrote: >Dan's List, Db filtered: no remaining stocks were listed in my New >America archives. > >The "Groups with the Greatest % of stocks making new highs": from >July 2, IBD. >Soap and Cleaning preparations 25% >Comp Sft Internet 23% >Household appliances 23% >Soft drinks 20% >Hand Tools 20% > >Retail mail order skipped from 23 to 13 this week, was 41 6 months ago. > >TM > - - ------------------------------ Date: Thu, 2 Jul 1998 08:46:08 -0600 From: "Deral Rackley" Subject: [CANSLIM] Date: Thu, 2 Jul 1998 10:39:26 -0400 Thanks to Dan, DP, and Frank this morning. Dan provided the HGS stock screen, DP provided some TA screening, and Frank provided group information. I think that Dan's screening and post could be a focus point with all of us analyzing the stocks in the post and giving input for the benefit of all in uncovering the gems of stocks poised for a favorable move. Thanks again! Deral - - ------------------------------ Date: Thu, 2 Jul 1998 07:58:49 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Date: Thu, 2 Jul 1998 10:39:26 -0400 <> I agree. Dan's list is going to save a lot of time as long as he feels like doing it. And don't forget Tannis. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 2 Jul 1998 11:31:50 -0400 From: "Knowles, Richard N." Subject: [CANSLIM] FFTI - any clue why? Anyone know why a company whose stock is trading at 12.5 would offer another 3.5 million shares at 11? Seems like a sure way to aggravate shareholders. Since I'm relatively new to this I need someone smarter to explain what the goal of such a move would be. Rich Knowles - - ------------------------------ Date: Thu, 2 Jul 1998 09:09:30 -0700 (PDT) From: Tannis Malone Subject: Re: [CANSLIM] HGS file (07/01/98) "Have you determined anything meaningful regarding capital appreciation and > the stocks listed in the New America section?" This is anecdotal, just what I do and why. May not be for anyone else. At the seminar, WON said that 99% of the best of the best were listed in New America before they were hot. He said Intel was mentioned 11 times before WSJ mentioned it once. Since then, I have been tracking. I know the yield (how many best of the bests are there?), but it is easy to track and has paid of big historically in the one that makes it to the top. I watch for volume; when I know more about OBV/MF (which I think might track hidden money going in, but I could be totally off), I will track that. As far as the groups with new highs, IMO it shows up here before it is in the Companies in the News pages but later than the information on what the funds are buying in the mutual fund section. From what I've randomly checked, I believe the RS is building in some of these groups companies; too early to be picked by CANSLIM yet. It gives me time to learn about them. I'm not going to pull the trigger on momentum alone, yet. TM - ---"Frank V. Wolynski" wrote: > > Hi Tannis, thanks for the NewHi and New America check. > > Have you determined anything meaningful regarding capital appreciation and > the stocks listed in the New America section? > > I usually have an eye already on 90% of what is listed there, and add the > other 10% to my charting software, but have never extensively tested for > its value as part of my investment process. > > I would be interested to know if it has been helpful in any way to you. > (It is a great read either way!) > > Thanks, > Frank Wolynski > > At 07:18 AM 7/2/98 -0700, you wrote: > >Dan's List, Db filtered: no remaining stocks were listed in my New > >America archives. > > > >The "Groups with the Greatest % of stocks making new highs": from > >July 2, IBD. > >Soap and Cleaning preparations 25% > >Comp Sft Internet 23% > >Household appliances 23% > >Soft drinks 20% > >Hand Tools 20% > > > >Retail mail order skipped from 23 to 13 this week, was 41 6 months ago. > > > >TM > > > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 02 Jul 1998 12:19:29 -0400 From: Ray Mathews Subject: [CANSLIM] Comparison of Trend Line with dec.RS for SELL I have been comparing a simple trend line break (on an uptrend) against the decrease of RS as suggested by WON. I believe the trend line break works more consistently and gives me a slight edge. I'd sure like to hear some comments on this. Thanks. - - ------------------------------ Date: Thu, 02 Jul 1998 12:13:21 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] CANSLIM methodology question Good questions Richard. I have been pondering them and can only echo what others have already posted. You may also want to keep in mind that "Losers or failures" is relative. Just because they didn't make the final cut of 500 performing companies wouldn't necessarily cause you to judge them failures. In a foot race there are 10 racers. There is only 1 1st place. There is also a 10th place. O'Neals CANSLIM looked at the racers and asked some of the following questions: * What did all the winners have in common? Price performance? Earnings? New information? (Hi's, products, etc...) * What conditions existed just prior to the largest increases in price movements? * How much is affected by institutional buying/selling? * What about size of the company? He applied other variables such as Market conditions, Industry Group performance, news events, economic conditions, and found how they also influence stocks and the ability of a stock to perform. All these factors, and more, are part and parcel to CANSLIM. The system, if followed, forces an investor to do 'due diligence' and places the factors that have meant the most in a stocks performance in your consciousness. I'll ask a question in return to finish this up. How confident are you in applying the principles without bias, opinion, fear, greed or gut feelings being the cause rather than the result of your decision? Odds? I'd say an even match with your odds of successful application of the principles. Frank Wolynski At 21:37 7/1/98 -0500, you wrote: >After joining this group Friday, I can't keep quiet! > >Here's a deeper question. As I understand, WON developed CANSLIM after >identifying characteristics common to the best performing 500 or so stocks >of the last 40+ years, right before their greatest price advances. Here's >my question: how many OTHER stocks, with similar characteristics, failed to >perform? If 500 took off, did perhaps 100 others fail? Did 1000 fail? Did >10000 fail?!? In other words, how good are our odds with CANSLIM? > >I pondered this after reading James O'Shaughnessy's "What Works on Wall >Street, Revised Edition." Skipping all the 50 best/50 worst analysis, I >concentrated on his decile results. His approach to discovering the best >stock strategy was to formulate many selection styles (like highest RS, PSR ><1) and apply them to 40+ years of data. Some performed much better than >others, like CANSLIM proposes to do. > >Do you see the difference between JOS and WON? (And what's with >O'Whatever??) Are both approaches valid? > >I have not lost much sleep over this question but I'm curious as to your >opinions. > >Richard Bejtlich - - ------------------------------ Date: Thu, 02 Jul 1998 12:27:17 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] HGS file (07/01/98) He certainly says to catch them young. But I'd be guessing to say that he is speaking figuratively rather than having run actual back tests on stocks appearing in New America. I follow new issues for the same reasons. Since my specialty is technology and that happens to be the industry in relative vogue (taking a pounding of late, but think long term), it is a focus I am comfortable with, but not wedded to. I rarely find a new issue I'm interested in. I've intended to follow New America companies of just the performing groups, but among my other committments rarely have the time. Occassionally I scan the fund buying area, but I like to get them under scrutiny far before that. Good luck and best regards, Frank Wolynski At 09:09 AM 7/2/98 -0700, you wrote: >"Have you determined anything meaningful regarding capital >appreciation and >> the stocks listed in the New America section?" > >This is anecdotal, just what I do and why. May not be for anyone >else. > > At the seminar, WON said that 99% of the best of the best were listed >in New America before they were hot. He said Intel was mentioned 11 >times before WSJ mentioned it once. Since then, I have been tracking. >I know the yield (how many best of the bests are there?), but it is >easy to track and has paid of big historically in the one that makes >it to the top. I watch for volume; when I know more about OBV/MF >(which I think might track hidden money going in, but I could be >totally off), I will track that. > >As far as the groups with new highs, IMO it shows up here before it is >in the Companies in the News pages but later than the information on >what the funds are buying in the mutual fund section. From what I've >randomly checked, I believe the RS is building in some of these groups >companies; too early to be picked by CANSLIM yet. It gives me time to >learn about them. I'm not going to pull the trigger on momentum >alone, yet. > >TM > > > > >---"Frank V. Wolynski" wrote: >> >> Hi Tannis, thanks for the NewHi and New America check. >> >> Have you determined anything meaningful regarding capital >appreciation and >> the stocks listed in the New America section? >> >> I usually have an eye already on 90% of what is listed there, and >add the >> other 10% to my charting software, but have never extensively tested >for >> its value as part of my investment process. >> >> I would be interested to know if it has been helpful in any way to >you. >> (It is a great read either way!) >> >> Thanks, >> Frank Wolynski >> >> At 07:18 AM 7/2/98 -0700, you wrote: >> >Dan's List, Db filtered: no remaining stocks were listed in my New >> >America archives. >> > >> >The "Groups with the Greatest % of stocks making new highs": from >> >July 2, IBD. >> >Soap and Cleaning preparations 25% >> >Comp Sft Internet 23% >> >Household appliances 23% >> >Soft drinks 20% >> >Hand Tools 20% >> > >> >Retail mail order skipped from 23 to 13 this week, was 41 6 months >ago. >> > >> >TM >> > >> >> >> - >> >> > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > >- > > - - ------------------------------ Date: Thu, 2 Jul 1998 09:51:52 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] AD Indicators <