From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3149 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Sunday, January 26 2003 Volume 02 : Number 3149 In this issue: Re: [CANSLIM] ANCORA IMPARO Re: [CANSLIM] New to the group Re: [CANSLIM] New to the group Re: [CANSLIM] New to the group Re: [CANSLIM] float? ---------------------------------------------------------------------- Date: Sat, 25 Jan 2003 19:31:09 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] ANCORA IMPARO Thank you Maria, I too am still learning. When I stop learning, or stop wanting to learn, it will be time to sell everything and buy AAA non callable municipal bonds and retire. There are not many discussion groups that have survived seven years on the net, and remained both true to their character, and civil as well. It is a credit to all the members of this group, present, past and future. - ----- Original Message ----- From: "Maria McAdams" To: Sent: Saturday, January 25, 2003 1:05 PM Subject: [CANSLIM] ANCORA IMPARO Ancora Imparo is the Latin for "I AM STILL LEARNING." Michelangelo said that. And so I make time to say what I have thought and felt many times as I read and re-read the postings here. Masters and teachers come in many disguises. Often, they do not realize how much their teachings reach out to other people. I just want to show my appreciation for those who share themselves with others so unselfishly. Tom and Katherine - you are incredibly generous - thank you! Thanks to everyone else here, too - you have my admiration and prayers. Maybe one day, I will feel ready to make my own contributions. Meanwhile I AM STILL LEARNING and giving thanks!!! Blessings, Maria McAdams - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 25 Jan 2003 21:13:57 -0700 From: "Rolf Hertenstein" Subject: Re: [CANSLIM] New to the group Hi Katherine - In the paragraph below, I've read your sentence beginning: "As the market is always looking forward........." Are you saying that even a fundamentally strong stock can become technically weak? If so, I understand. But if you're saying weak technical behavior somehow is an indication of weak fundies ahead, you lost me. The only link I can see there is if some big investors are better at foreseeing lower future earning trends and start selling. Rolf P.S. I liked the reading-etiquette-at-espresso-shop lesson! > I think one of the most important things I learned from O'Neil was not that > fundamentals matter, as that has always been the case and is important to > the biggest of gurus such as Buffett, but that *technicals* matter as well. > As the market is always forward looking, the technicals will tell the tale > of the stock before the fundamentals (which lag in reporting) reflect what > is going on. That's how it was easy to see that stocks such as QCOM, YHOO, > AOL, etc. were rolling over and falling apart in early 2000, even as their > recent financial reports showed excellent results. The simplest way to read > the market signals then, is to read the action of the leading stocks. When > they begin to act in tandem, that tells you collectively of the general > market health. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 26 Jan 2003 04:54:24 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] New to the group Rolf, I must agree with Katherine. There is always a reason for weak technicals on a stock with strong fundies. It can be a variety of reasons, including that stock's fundies beginning to weaken. It also can be leaders in the group signaling weakness ahead for their industry sector at large. It can be generalized poor "M". It could be a major customer of that stock that just warned of weak sales. No stock trades in a vacuum, nor do the many variables that influence the behavior of a stock's price always have to be rational or logical. But even if that stock's fundies remain strong, its weak technicals will hinder its performance. We would also be fools if we truly believe, in this era of "full disclosure", that major investors no longer have a pipeline right into the corporate offices of companies where they heavily invest. Since the new "Full Disclosure" regulation was passed, I have looked at hundreds of stocks right after major negative news broke. Invariably, the stock had weakened sharply and on heavy volume before the news became public. In some cases, the weakness started a day or two before. This classic pattern of insiders leaking major news to their largest holders is nothing new, it just didn't change with the new regulation on full disclosure. And despite the SEC / NASD having very good detection programs for unusual price and volume activity, I have yet to see them pursue any of these cases for insider trading. - ----- Original Message ----- From: "Rolf Hertenstein" To: Sent: Saturday, January 25, 2003 11:13 PM Subject: Re: [CANSLIM] New to the group Hi Katherine - In the paragraph below, I've read your sentence beginning: "As the market is always looking forward........." Are you saying that even a fundamentally strong stock can become technically weak? If so, I understand. But if you're saying weak technical behavior somehow is an indication of weak fundies ahead, you lost me. The only link I can see there is if some big investors are better at foreseeing lower future earning trends and start selling. Rolf P.S. I liked the reading-etiquette-at-espresso-shop lesson! > I think one of the most important things I learned from O'Neil was not that > fundamentals matter, as that has always been the case and is important to > the biggest of gurus such as Buffett, but that *technicals* matter as well. > As the market is always forward looking, the technicals will tell the tale > of the stock before the fundamentals (which lag in reporting) reflect what > is going on. That's how it was easy to see that stocks such as QCOM, YHOO, > AOL, etc. were rolling over and falling apart in early 2000, even as their > recent financial reports showed excellent results. The simplest way to read > the market signals then, is to read the action of the leading stocks. When > they begin to act in tandem, that tells you collectively of the general > market health. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 26 Jan 2003 13:45:25 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] New to the group Mark: I have it down as a response to an AskWON question. It appeared,=20 according to my notes, 1/20/03. Here is what I noted in my computer file: AskWon1/20/03 Re. Finding Leading Stocks in Leading Industries- Generally,= =20 we define leading stocks as the top two or three companies in highly ranked=20 industry groups. At investors.com, the IBD Stock Checkup can help you=20 determine if a stock is a leader or not. In the Vital Statistics area, check= =20 where the stock's industry group is ranked. The top 40 or 50 groups is where= =20 most winning stocks emerge from. Then, in the middle of the IBD Stock=20 Checkup, you'll find a box with the top five companies in the group based on= =20 their Overall Ratings (a composite score of Technical, Fundamental and other= =20 Checkup ratings). Among these companies, check which have the best earnings=20 and sales growth, profit margins and other important growth factors. IBD's=20 SmartSelect=AE Ratings are helpful in determining all that, plus other=20 leadership qualities. In fact, the leading stocks usually have the highest=20 Relative Price Strength Rating within their group. Also check out the Smart Investor section in IBD's web site: investors.com.=20= =20 There is a good comprehensive article (posted 1/23/03) that has info on=20 identifying leading industries and their leading stocks. =20 jans In a message dated 1/24/2003 1:25:28 PM Eastern Standard Time,=20 mkerson@dplus.net writes: << "(a recent investors corner noted how to find leading stocks in leading industries)." =20 Hello Spencer, I wonder if you know the date of this Investors Corner. I would like to find it and re-read it. =20 Thank you, =20 Mark >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 26 Jan 2003 19:50:41 EST From: BIKEAR@aol.com Subject: Re: [CANSLIM] float? 
what should the float be plus what is the float?

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