From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3224 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, March 16 2003 Volume 02 : Number 3224 In this issue: Re: [CANSLIM] Worley's Weekend Weeview - MVL [CANSLIM] New NASD trading restrictions? Re: [CANSLIM] New NASD trading restrictions? [CANSLIM] Mailing lists RE: [CANSLIM] Mailing lists ---------------------------------------------------------------------- Date: Sat, 15 Mar 2003 15:43:58 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Worley's Weekend Weeview - MVL This is a multi-part message in MIME format. - ------=_NextPart_000_0183_01C2EB09.B17B5C40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable when I saw the c&h pattern on 11/2/02, I was surprised to see it was = Marvel. Hadn't looked at it in several years. That's why when I do my = chart review, I look only at the chart pattern first, then if I see = something interesting do I look to see who it is, what they do, and = examine historical earnings and sales. Helps factor out my personal = bias.=20 In hindsight, it was a good one to watch. It did a false b/o 10/30/02 on = excellent volume but did not break the left edge of the cup. On = 11/21/02, it made it past the left edge of the lip but without volume, = and then slipped back by 12/11/02 on very light volume to where you = could have been stopped out. Finally, on 1/6/03, it broke out for good, = but volume was still only 1.5 ADV. It gave a second entry opportunity on = 2/13/03 after three straight days of above average selling volume. The = angle of this decline was such that anyone looking for short term gains = might have already sold during the drop. Since then, most days it has = been up, despite the dismal markets. And most days when volume went over = average (despite the low volume in the markets) it was also up, a = pattern that goes back to the formation of the right side of the cup. So while the c&h pattern looked pretty good to my eye on 11/2/02, it has = been anything but a stellar or textbook b/o. It has given false signals, = head fakes, and tested the resolve of any investor that bought with a = buy & hold philosophy. Given patience, and / or a VERY loose stop loss, = then eventually it has made money for its shareholders. The RS line has = consistently trended up during this period as well. Fundamentally, it = also returned to profitability in the March 2002 quarter, and has been = growing both sales and earnings since. So the fundies, for once, led the = technical indicators, and value shoppers might have even gotten in at = the bottom of the cup. - ----- Original Message -----=20 From: NANCY POLCARO=20 To: canslim=20 Sent: Saturday, March 15, 2003 3:22 PM Subject: Re: [CANSLIM] Worley's Weekend Weeview - MVL right -thanks-could show possible strength along with other = indicators-maybe something to watch for other canslim qualities to = appear ,right? Appreciate your help. nancy ----- Original Message ----- From: Tom Worley Sent: Saturday, March 15, 2003 12:19 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Worley's Weekend Weeview - MVL just keep in mind that stocks moving above their moving averages, by = itself, is not CANSLIM. When I was still a stock broker, I got the = notion (maybe someone has even incorporated it as a system) that buying = a stock exactly as its 50 dma crosses up thru the 200 dma was a perfect = buying point. Tried it with a few, and tracked it with many others. = Seemed to work for a while, but I suspect is something that is a factor = of market conditions at the time. May still work given the right combo = of conditions, but not something I consider reliable long term and in a = multitude of market conditions. ----- Original Message -----=20 From: NANCY POLCARO=20 To: canslim=20 Sent: Saturday, March 15, 2003 3:10 PM Subject: Re: [CANSLIM] Worley's Weekend Weeview - MVL Thanks -my crossover date was wrong-looking at a 5 year chart but = thanks for the scan-nancy ----- Original Message ----- From: Tom Worley Sent: Saturday, March 15, 2003 12:04 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Worley's Weekend Weeview - MVL Hi Nancy, I don't follow it personally, but a quick check shows I mentioned = in as a c&h in my WWW on 11/2/02. I may have made some notes about it = earlier. I look at hundreds of stock charts every week where I have no = interest other than in a broader sense of what is going on in the = markets, this is just one of those. It showed up on a list I was reviewing of stocks with RS & EPS of 80 = or better that were also within 5% of their 12 month high. ----- Original Message -----=20 From: NANCY POLCARO=20 To: canslim=20 Sent: Saturday, March 15, 2003 2:53 PM Subject: Re: [CANSLIM] Worley's Weekend Weeview Tom-I really like MVL-I would have like to have found it in July = when it crossed above all its moving averages. Can I ask how long you = have been following it and how you found it?? Thanks zilla - ------=_NextPart_000_0183_01C2EB09.B17B5C40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
when I saw the c&h pattern on = 11/2/02, I was=20 surprised to see it was Marvel. Hadn't looked at it in several years. = That's why=20 when I do my chart review, I look only at the chart pattern first, then = if I see=20 something interesting do I look to see who it is, what they do, and = examine=20 historical earnings and sales. Helps factor out my personal bias. =
 
In hindsight, it was a good one to = watch. It did a=20 false b/o 10/30/02 on excellent volume but did not break the left edge = of the=20 cup. On 11/21/02, it made it past the left edge of the lip but without=20 volume, and then slipped back by 12/11/02 on very light volume to = where you=20 could have been stopped out. Finally, on 1/6/03, it broke out for good, = but=20 volume was still only 1.5 ADV. It gave a second entry opportunity on = 2/13/03=20 after three straight days of above average selling volume. The angle of = this=20 decline was such that anyone looking for short term gains might have = already=20 sold during the drop. Since then, most days it has been up, despite the = dismal=20 markets. And most days when volume went over average (despite the low = volume in=20 the markets) it was also up, a pattern that goes back to the formation = of the=20 right side of the cup.
 
So while the c&h pattern looked = pretty good to=20 my eye on 11/2/02, it has been anything but a stellar or textbook b/o. = It has=20 given false signals, head fakes, and tested the resolve of any investor = that=20 bought with a buy & hold philosophy. Given patience, and / or a VERY = loose=20 stop loss, then eventually it has made money for its shareholders. The = RS line=20 has consistently trended up during this period as well. Fundamentally, = it also=20 returned to profitability in the March 2002 quarter, and has been = growing both=20 sales and earnings since. So the fundies, for once, led the technical=20 indicators, and value shoppers might have even gotten in at the bottom = of the=20 cup.
 
----- Original Message -----=20
From: NANCY = POLCARO
To: canslim
Sent: Saturday, March 15, 2003 3:22 PM
Subject: Re: [CANSLIM] Worley's Weekend Weeview - = MVL

right -thanks-could show possible strength along with other=20 indicators-maybe something to watch for other canslim qualities to = appear=20 ,right?  Appreciate your help. nancy
 
----- Original Message -----
From:=20 Tom Worley
Sent: Saturday, March 15, 2003 = 12:19=20 PM
To: canslim@lists.xmission.com=
Subject: Re: [CANSLIM] Worley's = Weekend=20 Weeview - MVL
 
just keep in mind that stocks moving = above their=20 moving averages, by itself, is not CANSLIM. When I was still a stock = broker, I=20 got the notion (maybe someone has even incorporated it as a system) = that=20 buying a stock exactly as its 50 dma crosses up thru the 200 dma was a = perfect=20 buying point. Tried it with a few, and tracked it with many others. = Seemed to=20 work for a while, but I suspect is something that is a factor of = market=20 conditions at the time. May still work given the right combo of = conditions,=20 but not something I consider reliable long term and in a multitude of = market=20 conditions.
 
----- Original Message -----=20
From: NANCY = POLCARO=20
To: canslim
Sent: Saturday, March 15, 2003 3:10 PM
Subject: Re: [CANSLIM] Worley's Weekend Weeview - = MVL

Thanks -my crossover date was wrong-looking at a 5 year chart but = thanks=20 for the scan-nancy
 
----- Original Message -----
From: Tom=20 Worley
Sent: Saturday, March 15, = 2003 12:04=20 PM
To: canslim@lists.xmission.com=
Subject: Re: [CANSLIM] = Worley's Weekend=20 Weeview - MVL
 
Hi Nancy,
 
I don't  follow it personally, = but a quick=20 check shows I mentioned in as a c&h in my WWW on 11/2/02. I may = have=20 made some notes about it earlier. I look at hundreds of stock charts = every=20 week where I have no interest other than in a broader sense of what = is going=20 on in the markets, this is just one of those.
 
It showed up on a list I was = reviewing of=20 stocks with RS & EPS of 80 or better that were also within 5% of = their=20 12 month high.
 
----- Original Message -----=20
From: = NANCY = POLCARO=20
To: canslim
Sent: Saturday, March 15, 2003 2:53 PM
Subject: Re: [CANSLIM] Worley's Weekend = Weeview

Tom-I really like MVL-I would have like to have found it = in July=20 when it crossed above all its moving averages.  Can I ask how = long you=20 have been following it and how you found it?? Thanks=20 zilla
- ------=_NextPart_000_0183_01C2EB09.B17B5C40-- - - - -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, 15 Mar 2003 21:54:59 -0800 From: "Jerome Buckmelter" Subject: [CANSLIM] New NASD trading restrictions? This is a multi-part message in MIME format. - ------=_NextPart_000_0001_01C2EB3D.87DB64F0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit I recognize that this post does not specifically deal with CANSLIM, but it could affect a lot of CANSLIM traders if it is true. Ameritrade Client Services staff, including a supervisor, told me this evening that a new (as of March 13) NASD interpretation of a Federal Reserve rule prevents investors from using proceeds from the sale of stock to purchase new stock until the sale settles. That means three days!! I spent twenty minutes discussing with the supervisor the lunacy of an interpretation such as this, but he insisted that it was true. He says it comes from the NASD, not Ameritrade. That means one cannot be fully invested - during a bull market, of course - and sell a slower performing stock in favor of one that is breaking out on the same day. You will need to wait three days until the sale settled before buying the break out!! I checked the NASD website and couldn't find any information on this, which makes me suspicious. I also talked to two different people at Schwab, and they never heard of this ruling. The Ameritrade people say that they are already complying with this new ruling, and that other brokers will need to do the same soon. Has anyone else heard of this? What can be done? Any suggestions or comments? - ------=_NextPart_000_0001_01C2EB3D.87DB64F0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

I recognize that this post does not specifically deal = with CANSLIM, but it could affect a lot of CANSLIM traders if it is true. =  Ameritrade Client Services = staff, including a supervisor, told me this evening that a new (as of March 13) = NASD interpretation of a Federal Reserve rule prevents investors from using = proceeds from the sale of stock to purchase new stock until the sale = settles.  That means three days!!  I spent twenty minutes = discussing with the supervisor the lunacy of an interpretation such as this, but he = insisted that it was true.  He says = it comes from the NASD, not Ameritrade.  = That means one cannot be fully invested – during a bull market, of = course – and sell a slower performing stock in favor of one that is breaking out = on the same day.  You will need to = wait three days until the sale settled before buying the break out!!  I checked the NASD website and = couldn’t find any information on this, which makes me suspicious.  I also talked to two different = people at Schwab, and they never heard of this ruling.  The Ameritrade people say that = they are already complying with this new ruling, and that other brokers will need = to do the same soon.  Has anyone else = heard of this?  What can be = done?  Any suggestions or = comments?           

- ------=_NextPart_000_0001_01C2EB3D.87DB64F0-- - - - -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, 16 Mar 2003 05:43:29 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] New NASD trading restrictions? This is a multi-part message in MIME format. - ------=_NextPart_000_0008_01C2EB7E.F900C8A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Jerome, I am not aware of such a new rule, but I have heard this claim = before on occasion over the years. The rule is, you must have settled = funds on settlement day to pay for a purchase. How those funds get there = is of no concern. If sufficient funds are available on settlement day as = a result of a sale, the sale was done the same day as the purchase, AND = the settlement cycle is the same for both the buy and the sale, then you = are covered. I have heard of other brokers trying to apply this rule to trades done = in a cash acct. With business so slow these days, I don't know why = anyone would do so.=20 I would suggest calling Ameritrade and try to get a different = supervisor. If they say the same thing, ask them to email you this new = rule and send it to me / the group to review. My suspicion is that this = is an Ameritrade internal policy at best, and an employee's ignorance = possibly as well. If it is an Ameritrade policy, then you may be able to resolve it just = by doing your trades on margin. Then again, maybe I have not kept up with the rules and need to be = educated, but I don't see NASD enacting such a rule, especially at a = time like this when business is slow. But I took a look at "What's New" = at the NASDR site, and saw no mention of this. - ----- Original Message -----=20 From: Jerome Buckmelter=20 To: CANSLIM LIST=20 Sent: Sunday, March 16, 2003 12:54 AM Subject: [CANSLIM] New NASD trading restrictions? I recognize that this post does not specifically deal with CANSLIM, but = it could affect a lot of CANSLIM traders if it is true. Ameritrade = Client Services staff, including a supervisor, told me this evening that = a new (as of March 13) NASD interpretation of a Federal Reserve rule = prevents investors from using proceeds from the sale of stock to = purchase new stock until the sale settles. That means three days!! I = spent twenty minutes discussing with the supervisor the lunacy of an = interpretation such as this, but he insisted that it was true. He says = it comes from the NASD, not Ameritrade. That means one cannot be fully = invested - during a bull market, of course - and sell a slower = performing stock in favor of one that is breaking out on the same day. = You will need to wait three days until the sale settled before buying = the break out!! I checked the NASD website and couldn't find any = information on this, which makes me suspicious. I also talked to two = different people at Schwab, and they never heard of this ruling. The = Ameritrade people say that they are already complying with this new = ruling, and that other brokers will need to do the same soon. Has = anyone else heard of this? What can be done? Any suggestions or = comments? =20 - ------=_NextPart_000_0008_01C2EB7E.F900C8A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Jerome, I am not aware of such a new rule, but I = have=20 heard this claim before on occasion over the years. The rule is, you = must have=20 settled funds on settlement day to pay for a purchase. How those funds = get there=20 is of no concern. If sufficient funds are available on settlement day as = a=20 result of a sale, the sale was done the same day as the purchase, AND = the=20 settlement cycle is the same for both the buy and the sale, then you are = covered.
 
I have heard of other brokers trying to apply = this rule to=20 trades done in a cash acct. With business so slow these days, I don't = know why=20 anyone would do so.
 
I would suggest calling Ameritrade and try to = get a=20 different supervisor. If they say the same thing, ask them to email you = this new=20 rule and send it to me / the group to review. My suspicion is that this = is an=20 Ameritrade internal policy at best, and an employee's ignorance possibly = as=20 well.
 
If it is an Ameritrade policy, then you may be = able to=20 resolve it just by doing your trades on margin.
 
Then again, maybe I have not kept up with the = rules and=20 need to be educated, but I don't see NASD enacting such a rule, = especially at a=20 time like this when business is slow. But I took a look at "What's New" = at the=20 NASDR site, and saw no mention of this.
 
----- Original Message -----=20
From: Jerome=20 Buckmelter
Sent: Sunday, March 16, 2003 12:54 AM
Subject: [CANSLIM] New NASD trading = restrictions?

I recognize that this post = does not=20 specifically deal with CANSLIM, but it could affect a lot of CANSLIM = traders if=20 it is true.  Ameritrade = Client=20 Services staff, including a supervisor, told me this evening that a new = (as of=20 March 13) NASD interpretation of a Federal Reserve rule prevents = investors from=20 using proceeds from the sale of stock to purchase new stock until the = sale=20 settles.  That means three = days!!  I spent twenty = minutes=20 discussing with the supervisor the lunacy of an interpretation such as = this, but=20 he insisted that it was true.  = He=20 says it comes from the NASD, not Ameritrade.  That means one cannot be fully = invested=20 =96 during a bull market, of course =96 and sell a slower performing = stock in favor=20 of one that is breaking out on the same day.  You will need to wait three = days until=20 the sale settled before buying the break out!!  I checked the NASD website and = couldn=92t=20 find any information on this, which makes me suspicious.  I also talked to two different = people at=20 Schwab, and they never heard of this ruling.  The Ameritrade people say that = they are=20 already complying with this new ruling, and that other brokers will need = to do=20 the same soon.  Has anyone = else=20 heard of this?  What can = be=20 done?  Any suggestions or=20 comments?           

- ------=_NextPart_000_0008_01C2EB7E.F900C8A0-- - - - -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, 16 Mar 2003 13:26:19 +0100 From: =?iso-8859-1?Q?S=E9bastien_Derks?= Subject: [CANSLIM] Mailing lists This is a multi-part message in MIME format. - ------=_NextPart_000_0001_01C2EBBF.A2F45E40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable =20 Hey =20 =20 Which mailing lists are out there besides this message board, canslim.net Breakout Reports which provide valuable information in relation to CANSLIM stocks? =20 =20 =20 Greetings =20 =20 =20 S=E9bastien - ------=_NextPart_000_0001_01C2EBBF.A2F45E40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

 

Hey

 

 

Which mailing lists = are out there besides this message board, canslim.net Breakout Reports which = provide valuable information in relation to CANSLIM = stocks?

 

 

 

Greetings

 

 

 

S=E9bastien<= /span>

- ------=_NextPart_000_0001_01C2EBBF.A2F45E40-- - - - -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, 16 Mar 2003 06:49:26 -0600 From: "Katherine Malm" Subject: RE: [CANSLIM] Mailing lists This is a multi-part message in MIME format. - ------=_NextPart_000_000A_01C2EB88.2FB9F1B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 8bit Hi Sebastien, Search for the term "CANSLIM" at the following and you'll find a slew of free and paid resources: http://www.google.com http://groups.yahoo.com http://www.motleyfool.com (search the discussion boards) Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Sébastien Derks Sent: Sunday, March 16, 2003 6:26 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Mailing lists Hey Which mailing lists are out there besides this message board, canslim.net Breakout Reports which provide valuable information in relation to CANSLIM stocks? Greetings Sébastien - ------=_NextPart_000_000A_01C2EB88.2FB9F1B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Sebastien,
 
Search for the term "CANSLIM" at = the=20 following and you'll find a  slew of free and paid = resources:
 
http://www.google.com
http://groups.yahoo.com
=
http://www.motleyfool.com (search = the=20 discussion boards)
 
Katherine
 
 
 
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = S=E9bastien=20 Derks
Sent: Sunday, March 16, 2003 6:26 AM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] Mailing=20 lists

 

Hey

 

 

Which=20 mailing lists are out there besides this message board, canslim.net = Breakout=20 Reports which provide valuable information in relation to CANSLIM=20 stocks?

 

 

 

Greetings

 

 

 

S=E9bastien

= - ------=_NextPart_000_000A_01C2EB88.2FB9F1B0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #3224 ****************************** 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.