From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #327 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 Thursday, July 16 1998 Volume 02 : Number 327 In this issue: [CANSLIM] What kind of % profits? RE: [CANSLIM] Question on Regulation T. [CANSLIM] Worrying over pennies and letting the $$ get away... Re: [CANSLIM] "M" Re: [CANSLIM] "M" Re: [CANSLIM] "M" Re: [CANSLIM] "M" Re: [CANSLIM] "M" Re: [CANSLIM] Worrying over pennies and letting the $$ get away... Re: [CANSLIM] B.O. BOSA - Pivot Point? [CANSLIM] Breakouts ANF JAII NSIT Re: [CANSLIM] What kind of % profits? [CANSLIM] Re: More B/o's: SYMX, CDWC, THQI - Tim [CANSLIM] J. Jinnett Re: [CANSLIM] J. Jinnett [CANSLIM] Pivot Point? Re: [CANSLIM] Re. BOSA Re: [CANSLIM] Pivot Point? Re: [CANSLIM] Question on Regulation T. Re: [CANSLIM] Question on Regulation T. Re: [CANSLIM] Worrying over pennies and letting the $$ get away... [CANSLIM] "M" [CANSLIM] Breakout PSQL Re: [CANSLIM] Breakout PSQL [CANSLIM] Breakout SEIC Re: [CANSLIM] Breakout PSQL Re: [CANSLIM] Breakout PSQL [CANSLIM] NASD & Breakout PSQL [CANSLIM] Dell Daily Graphs information... Re: [CANSLIM] Dell Daily Graphs information... Re: [CANSLIM] Dell Daily Graphs information... Re: [CANSLIM] Dell Daily Graphs information... Re: [CANSLIM] TELESCAN Weekend review scan Re: [CANSLIM] EDAC - Falling Knifes [CANSLIM] Fwd: Imperial Bancorp Posts 51% Increase In 2nd-Quarter Net Income ---------------------------------------------------------------------- Date: Wed, 15 Jul 1998 18:54:05 -0400 From: Ray Mathews Subject: [CANSLIM] What kind of % profits? There seems to be a lot of savvy people on this digest. Just wondering what sort of gains you are looking for...5-10% per week? 5-10% per day? What? I noticed that YHOO has made a consistent 8% for the last 4 weeks. And AEOS has also consistently made 10-11% over the last 4 weeks. Is this considered a good return by you players? Clue me... - - ------------------------------ Date: Wed, 15 Jul 1998 16:04:45 -0700 (PDT) From: dbphoenix Subject: RE: [CANSLIM] Question on Regulation T. <> If your account is with Waterhouse, you have to wait. However, you can avoid all this by changing from a cash account to a margin account. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 15 Jul 1998 19:29:47 -0400 From: Ray Mathews Subject: [CANSLIM] Worrying over pennies and letting the $$ get away... I've been intrigued by the comments on identifying the 'pivot point' and worrying over 1/16, 1/8, or 1/4 point and maybe getting whipsawed a bit in the process of getting on board a winning canslim choice. I'm still confused about why WON suggests getting in so early and NOT getting in once a stock price exceeds 10% of the 'breakout'. After all I've studied many of the candidates that came from canslim, and they went on to double, triple, quadruple, etc, etc. in price. Why are you so concerned about 1/16 or even 10% of the breakout price? Is this inherent greed or am I really missing something here? I know you've explained what 'the book' says, but are you so fanatic about the book, you're overlooking the forest for the leaves? - - ------------------------------ Date: Wed, 15 Jul 1998 20:58:38 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] "M" At 09:20 PM 7/14/98 -0400, Jeffry White wrote: >> Don't we have to have distribution days on the way up? Or do we just >> go straight up? >> >> What are the clues we should look for? > >Distribution days are not unusual as we move up, in fact, as Ari >suggests, they are quite normal. We don't "go straight up." WON >cautions, however, that distribution is difficult to spot because it >takes place "as the market advances". True, but sometimes distribution >days are nothing more than an "altitude adjustment" for the index. A >rest in the advance, if you will. Key is to reckon where and under what >circumstances the distribution days become indicitave of a short to >intermediate term correction/consolidation? > >What are the "clues"? That's a bit involved with the time I have to >post this evening. But taking today as an example, we saw higher volume >in the Nasdaq Composite than yesterday, the range was significantly >narrower than we've seen of late, and we closed in the lower half of the >day's range. Doesn't need to be a negative close, like the Nas 100, >which is a clearer type price bar for a reversal type distribution day >(don't know if you can get volume on it). Just need a narrow range, and >insignificant price improvement in light of the increased volume. > Decisionpoint charts do not have the NASDAQ100 in its list of indexes, but it has the S&P100 and the RUT. The site shows the volume for each of the indexes and they even help a bit with some trendlines. http://www.decisionpoint.com/DailyCharts/OEX.html http://www.decisionpoint.com/DailyCharts/R2000.html It's not Rocks and Naked Fish, but it ain't bad for a surrogate of volume in the narrower big caps. Frank Wolynski - - ------------------------------ Date: Wed, 15 Jul 1998 20:58:38 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] "M" At 09:20 PM 7/14/98 -0400, Jeffry White wrote: >> Don't we have to have distribution days on the way up? Or do we just >> go straight up? >> >> What are the clues we should look for? > >Distribution days are not unusual as we move up, in fact, as Ari >suggests, they are quite normal. We don't "go straight up." WON >cautions, however, that distribution is difficult to spot because it >takes place "as the market advances". True, but sometimes distribution >days are nothing more than an "altitude adjustment" for the index. A >rest in the advance, if you will. Key is to reckon where and under what >circumstances the distribution days become indicitave of a short to >intermediate term correction/consolidation? > >What are the "clues"? That's a bit involved with the time I have to >post this evening. But taking today as an example, we saw higher volume >in the Nasdaq Composite than yesterday, the range was significantly >narrower than we've seen of late, and we closed in the lower half of the >day's range. Doesn't need to be a negative close, like the Nas 100, >which is a clearer type price bar for a reversal type distribution day >(don't know if you can get volume on it). Just need a narrow range, and >insignificant price improvement in light of the increased volume. > Decisionpoint charts do not have the NASDAQ100 in its list of indexes, but it has the S&P100 and the RUT. The site shows the volume for each of the indexes and they even help a bit with some trendlines. http://www.decisionpoint.com/DailyCharts/OEX.html http://www.decisionpoint.com/DailyCharts/R2000.html It's not Rocks and Naked Fish, but it ain't bad for a surrogate of volume in the narrower big caps. Frank Wolynski - - ------------------------------ Date: Wed, 15 Jul 1998 21:40:42 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] "M" At 09:20 PM 7/14/98 -0400, Jeffry White wrote: >Finally, I'd monitor the "leaders", which could be a bit >difficult this time around because there really hasn't been clear >leadership in this move (other than those pesky net stocks), as far as >I've been able to determine. Could use some help here from Frank or Db >or Johann who've been watching the groups more ably than I. By default, >DELL is a good one to watch. MSFT, too. > I'll take a stab at it, but I don't think I'll shed much more light on leadership. I am getting a sense of 'Best of the Best', which usually means that will change shortly. I'm not seeing broading group moves, yet anyway. Restricted to larger cap issues mostly. The fund managers would call them 'High Quality' issues. I think I could go through most of the Top30 groups and find 1-2 issues doing very well, and then hardly anything else in the group showing signs of the rally. In late January, early February, the leaders were popping strongly each week and moving up well. A group would be in the daily 'Top Ten' list 2-3 times in a week. We are lucky if a group appears once a week in the daily 'Top Ten' list two weeks in a row now. Definitely not like Jan/Feb. In this regard, that is making the daily 'Top Ten' list, it looks like 'Comml-Leasing Companies' would take the honors for most to have accomplished that feat in the past three weeks. It has been in the daily Top Ten each week and is only ranked # 30. (My favorite number for a group moving up!) It was in the 'Top Ten' last Friday and again on Monday. Moved up from #58 the week prior. I have not done DD on these, but a few of the stock with comments are: WLFC - light in the loufers with the volume, but recent NewHis. USR - extended URI - extended TWFC - going vertical, full throttle with volume. MGRC - tightening nicely, strengthening technically, OBV recovering. LSN - extended, old high from 96 giving it a bit of trouble. GMT - LLUR FIF - LLUR ELRC - base failure, really poor OBV and technicals >This particular "distribution day" is far more subjective than I care to >admit, but I'll stick with my call. At least until I can get a chart >tomorrow morning. These non-reversal type distribution days are always >a hard call, for me. Hope I'm not being influenced by my head here, but >I've got this unsettled feeling with the RUT refusing to participate (my >smaller issues are churning around), the DOW finally up near all time >highs (if not there) after a month long rally in the NAS and SP, and the >breadth is and has been pitiful. Objectively, however, none of the >indicators I watch would suggest a major change in market direction in >the immediate future. >Best of luck > >JW A couple of my indicators have lost some momemtum, one is the ((# Stocks with A accum + # Stocks with B accum) divided by the total of A+B+C+D+E), which heightens my caution, but at the moment it and one other are singular in their warnings, add a couple of more and I'll be getting nervous and looking for the 'Hidey Hole'! Frank Wolynski - - ------------------------------ Date: Wed, 15 Jul 1998 19:03:18 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] "M" <> I agree with your conclusions, Frank. When I went through all this last Saturday, I found a lot of strong groups and groups beginning to show strength, but only one or two stocks in each group that were pulling the wagon. And they were usually overextended. But it should come as no surprise to anybody that fund managers have been concentrating on a limited group of highly liquid, large-cap names ever since January. They talk about telecom when they really mean LU. They talk about box makers when they really mean DELL. At any rate, one is faced with the propect of abandoning what one knows to be true about constructive chart patterns and jumping into DELL or LU or CSCO or MSFT and hoping for the best, or looking for the next groups in line in order to pick up on potential leaders. A lot of chip makers, memory storage stocks, drillers, and field service companies have been showing up the past few days (chip equip still looks sad). One could do worse than try to spot the leaders as they come out of their funk and buy into them far earlier and at a much better price than he would do by chasing whatever is popular this week. And no I have no interest in getting involved in a debate about buying at new highs. If whoever wants to wait until APM reaches a new high before buying, that's perfectly OK with me. I mention these groups only because they show exceptional value and because they are what is stirring at the moment. Other groups may shove them aside by next week. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Wed, 15 Jul 1998 19:18:22 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] "M" Hey! I heard that! At 08:58 PM 7/15/98 -0400, you wrote: > >It's not Rocks and Naked Fish, but it ain't bad for a surrogate of volume >in the narrower big caps. > >Frank Wolynski > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Wed, 15 Jul 1998 20:03:17 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Worrying over pennies and letting the $$ get away... <> First, it's impossible to know whether you've made a "winning CANSLIM choice that's going to double, etc., except in hindsight. If you could know in advance, you'd be justified in taking out a second mortgage and buying as much of the stock as you could afford. Second, a base provides support. Thin air does not. Greed is not the issue, but risk tolerance. If you buy just off the base, your risk extends to the distance between your purchase price and the base, barring unforeseen circumstances. If you buy 10% off the base, then your risk is 10%. If the stock falls back to the base as soon as you've purchased it, you must be prepared to risk 10%. If you are, great. If you're not, then you can't buy farther from the base than the risk you're willing to assume. And why cut your losses if the stock falls back into the base? Because you have no guarantee that the stock will not fall below the base, as CBSL is falling below its handle. Are you prepared to lose 15%? 20%? Loss containment must be part of the strategy for your profits must exceed your losses in order for you to come out ahead. If you allow yourself 20% losses and you make three bad choices in a row, your next choice must be pretty spectacular just to come out even. And since there's no way of know in advance whether you will have a winner or not, you could just as easily eat another 20% loss and wind up joining those people who complain that CANSLIM doesn't work. Trading stocks is a business like any other. If you want to make money at it year after year after year, you must be business-like, and part of that involves cutting your losses, whether it's an employee who hasn't worked out, a menu item that nobody is buying (resulting in spoilage and complete waste), a dress that nobody wants and yet is taking up space you're paying for, or a job that must be done over because some idiot didn't follow code. The more losses you're willing to absorb, the more difficulty you're going to have showing a profit. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 16 Jul 1998 10:54:37 +0700 From: "Peter Christiansen" Subject: Re: [CANSLIM] B.O. BOSA - Pivot Point? I quote WON from the Advanced Investment Workshop - "When looking at a cup & handle, you have to use your imagination. Like the coffee cups on your kitchen shelf, they come in all shapes and sizes. Some lean to the left, some to the right. Some are fat, some skinny, and some have funny faces painted on them.". Why do you say it is too small? BOSA's pattern is 8 1/2 weeks long. WON says they should be seven weeks or longer. I am considering the spike to 40 the left side of the cup. What is your point? Peter Christiansen Chiang Mai - Thailand - -----Original Message----- From: Alan Friedman To: canslim@lists.xmission.com Date: Wednesday, July 15, 1998 5:42 AM Subject: Re: [CANSLIM] B.O. BOSA - Pivot Point? >The cup and handle that BOSA formed in June-July is too small, too >irregular in shape...the spike up to the 40 area back a few months ago >should be considered the left side of a potential cup... > >The WOLF >http://www.netword2000.com/wolf/wolf.htm > > > >- > > - - ------------------------------ Date: Thu, 16 Jul 1998 11:09:42 +0700 From: "Peter Christiansen" Subject: [CANSLIM] Breakouts ANF JAII NSIT ANF, JAII & NSIT appeared to break out on good volume today. Peter Christiansen Chiang Mai - Thailand - - ------------------------------ Date: Wed, 15 Jul 1998 21:32:41 PDT From: "Charles Morgan" Subject: Re: [CANSLIM] What kind of % profits? Ray, I look for at least 20% with the length of time proportionate to the gains. Of course if a selection is faulty it might be a loss in a short period of time. I usually move my sell and buy limits based on the increase in price. If the price is up 20% where I bought, I'll move my sell price 8% below the stock price as it moves up. If it starts basing, I'll hang onto the stock for a couple of months, and buy more when it starts its move upward again. Of course keeping in mind the 7-8% loss limit. I will also sell to protect my gains. I use a few factors for deciding my sell price on the way up. For instance, if I had owned Yahoo before it had started its run, I would have missed at least half the run-up. I would have sold it in the first $100. I would have felt the price was getting too far ahead of itself. I would feel good about my gains and be able to sleep at night not worrying about the "bubble" bursting (I hate after hours trading-since I can't participate :) Chuck >Date: Wed, 15 Jul 1998 18:54:05 -0400 >From: Ray Mathews >To: "canslim@lists.xmission.com canslim" >Subject: [CANSLIM] What kind of % profits? >Reply-To: canslim@lists.xmission.com > >There seems to be a lot of savvy people on this digest. Just wondering >what sort of gains you are looking for...5-10% per week? 5-10% per day? >What? >I noticed that YHOO has made a consistent 8% for the last 4 weeks. And >AEOS has also consistently made 10-11% over the last 4 weeks. Is this >considered a good return by you players? Clue me... > > >- > > ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - - ------------------------------ Date: Thu, 16 Jul 1998 08:58:03 -0400 From: "Antista, Anthony" Subject: [CANSLIM] Re: More B/o's: SYMX, CDWC, THQI - Tim I've been following THQI for a while this is the story: 1) Great earnings growth past 13 qtrs. 2) Great lineup of games for 3rd and 4th qtrs 1998. 3) Back in March lost license for WCW wrestling games (which is their big seller) but can distribute games until June 1999. 4) JUne 1998, In pact with Jakks to license WWF wrestling games for 10 years starting in 1999. 5) Earnings for 2nd qtr due 6/23. Est. .21 cents. IT WILL BEAT THIS ESTIMATE HANDILY! Will probably do > .30. 6) Be aware that they acquired GameFX and there will be a one time charge in qtr 2. 7) Be also aware that there is a rumor that there in talks with Micropose (MPRS) to either buy them out or buy some of their PC licenses. If there is a buyout then, IMO, look for the stock to go down since MPRS is debt heavy. For more info go to the following message board: http://www.techstocks.com/~wsapi/investor/Subject-8075 Tony - - ------------------------------ Date: Thu, 16 Jul 1998 09:39:05 EDT From: Subject: [CANSLIM] J. Jinnett Hi, I'm a new participant to this discussion group. I've been in the stock market for about 15 yrs, but just as a personal investor, nothing fancey. I was associated with NAIC's investment practices for a while, but always open to new methods. I thought I would check out this CANSLIM method that I have herd so much about. I've never read Mr. O' Niels book, but plan to in the future. JJ, jjinnett@aol.com - - ------------------------------ Date: Thu, 16 Jul 1998 06:49:05 -0700 (PDT) From: Tim Fisher Subject: Re: [CANSLIM] J. Jinnett IMHO, you should go get a copy of How to Make Money in Stocks today, and start reading it tonight. Without that background, most of what goes on in this group will not make any sense to you, and you'll drop out in a couple of weeks. At 09:39 AM 7/16/98 EDT, you wrote: >Hi, I'm a new participant to this discussion group. I've been in the stock >market for >about 15 yrs, but just as a personal investor, nothing fancey. I was >associated with >NAIC's investment practices for a while, but always open to new methods. I >thought >I would check out this CANSLIM method that I have herd so much about. I've >never >read Mr. O' Niels book, but plan to in the future. > > JJ, >jjinnett@aol.com > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Thu, 16 Jul 1998 06:55:17 -0700 From: Talib Hirji Subject: [CANSLIM] Pivot Point? I am trying to understand basing and pivot point. Looking at CPQ chart, would 33 would be a break out point or 30 ? on 7/14/98 the volume was heavy with breakout above 33. Would this be a valid breakout ? Is QWST basing OR has formed a CUP ? LOR is again something which I do not understand the pattern. I 28.5 was base breakout point or can it be call still basing? Any Help would be appreciated. Thank You, Talib - - ------------------------------ Date: Thu, 16 Jul 1998 21:59:24 +0700 From: "Peter Christiansen" Subject: Re: [CANSLIM] Re. BOSA I'm glad you found the list useful. Since you like the housing stocks, take a look at MTH. I added it to my list today. I thought the BOSA split was announced after the close. At any rate, a 3-2 split wouldn't influence my buying one way or another. Peter Christiansen Chiang Mai - Thailand - -----Original Message----- From: Nachewn Wu To: canslim@lists.xmission.com Date: Thursday, July 16, 1998 4:09 AM Subject: [CANSLIM] Re. BOSA > >Peter, > >First, thank you for the watch list! > >I get the digest version so the earliest >I could get to your list was last night. >>From just looking at the charts, I liked >bosa, clys, dhi and kbh the most. Bosa >seemed the most promising. I then went to >yahoo for recent news, Bosa has declared >a 3 for 2 split during the day, 7/13. >I was worried that I may be buying the news. >I would like very much your input on how one >weight this kind of last minute info, thanks! > >BTW, kbh traded huge vol yesterday and >above your pivot pt. But I ended up getting >a small positions in dhi today at 24 3/16. > > >Rita > > > >_________________________________________________________ >DO YOU YAHOO!? >Get your free @yahoo.com address at http://mail.yahoo.com > > > > >- > > - - ------------------------------ Date: Thu, 16 Jul 1998 21:55:03 +0700 From: "Peter Christiansen" Subject: Re: [CANSLIM] Pivot Point? I would treat this as a double bottom (take a look at a weekly chart), and buy as it breaks above the middle part of the "W". That would be at 37.00. Since it is a round number, I wouldn't buy until it traded at 37 1/8 (on huge volume of course). QWST has built a cup, but has no handle yet. A cup is a base. LOR is still basing. It looks like it is building a handle now. If you look closely, you will notice that the handle hasn't remained in the upper half of the cup. This is not ideal. Peter Christiansen Chiang Mai - Thailand - -----Original Message----- From: Talib Hirji To: canslim@lists.xmission.com Date: Thursday, July 16, 1998 8:58 PM Subject: [CANSLIM] Pivot Point? >I am trying to understand basing and pivot point. > >Looking at CPQ chart, would 33 would be a break out point or 30 ? on >7/14/98 the volume was heavy with breakout above 33. Would this be a valid >breakout ? > >Is QWST basing OR has formed a CUP ? > >LOR is again something which I do not understand the pattern. I 28.5 was >base breakout point or can it be call still basing? > >Any Help would be appreciated. > >Thank You, > >Talib > >- > > - - ------------------------------ Date: Thu, 16 Jul 1998 08:13:53 -0500 From: "Thomas A. Moulton" Subject: Re: [CANSLIM] Question on Regulation T. When I opened my account upon reading the books they sent I came across this and asked (Scottsdale Securities) And after a few questions is came down to this: If you are day trading where you buy/sell a security in the same day you must have the Initial capital in the account on day T+3. The settlement time is close of business and even tho you bought $2000 and sold $2200 and will walk away with $200 Profit you still need to approach the table with $2000 to prove you acted in good faith in the transaction. (Table=In Account) I guess the reason is that the brokerage company would be exposed to unlimited risk otherwise. - -- Thomas A. Moulton, W2VY http://www.xanthus.net/w2vy - - ------------------------------ Date: Wed, 15 Jul 1998 14:47:48 -0700 From: Tim Fisher Subject: Re: [CANSLIM] Question on Regulation T. My point exactly. No quarrel with you there. Maybe you and I are just completely misunderstanding the question. AFAIK the concept of "settlement date" is meaningless to my accounts (both of which are non-marginable. Hell,= I can't even short in them!).=20 At 02:35 PM 7/15/98 , you wrote: > >I won't quarrel with db or Tom or Tim or anyone else on this list >about this.=A0 I specifically sent a list of proposed trades to be >executed ont he same day, showing the times of each trade to Datek, >asking them if this would result in a Reg T extension.=A0 Their >clear and emphatic answer was NO.=A0 Now, they may be at fault, >however, I have since traded in my Cash account (an IRA) at Datek, >using the proceeds from each sale several times in the day without >triggering a Reg T notice.=A0 Each trade involved using 50%-90% of >the value of the account (i.e. start the day with $20,000, buy >$18,000, sell $18,250, buy $17,000, sell $16,980 etc.)=A0 This implies >to me that Datek does immediate settlement in a Cash account. > > >*----------------------------------------------------* >Robert Gammon=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0 My opinions are= my own. >rgammon@micro.ti.com=A0=A0=A0=A0=A0=A0=A0=A0 In no way am I representing >281-274-3299=A0 voice=A0=A0=A0=A0=A0=A0=A0=A0=A0 the views of my employer. >281-274-2279=A0 fax >*----------------------------------------------------* > > > >- >=20 Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites mailto:Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Wed, 15 Jul 1998 22:15:41 -0700 From: Alan Friedman Subject: Re: [CANSLIM] Worrying over pennies and letting the $$ get away... The reason the bo price is so important is because you are using a 7-8% stop and if you buy it just right, the stock should not come back 8% On the other hand, if you buy it when it is too extended, it might fall 8% during a normal consolidation and you'll be stopped out at the wrong time. The WOLF - - ------------------------------ Date: Thu, 16 Jul 1998 06:07:38 -0400 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] "M" Reversal-type "distribution day" in the NYSE and SP500 yesterday. Look fairly benign, but worth a look. Thanks for the link, Frank, and the group comments. Very strange behavior with such a powerful group of "follow through days" off the 6/15 low. Got a full plate away from my screen this week, but check the sentiment in IBD this morning. Last week we had 47% Bulls vs. 30% Bears. JW - - ------------------------------ Date: Fri, 17 Jul 1998 01:51:23 +0700 From: "Peter Christiansen" Subject: [CANSLIM] Breakout PSQL Looks like PSQL is breaking out today. Peter Christiansen Chiang Mai - Thailand - - ------------------------------ Date: Thu, 16 Jul 1998 21:11:32 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] Breakout PSQL At 01:51 AM 17-07-98 +0700, you wrote: >Looks like PSQL is breaking out today. > >Peter Christiansen >Chiang Mai - Thailand Well, the volume is certainly there. ADV(30)=341K. Trading 708K already. Buy-point was 25 3/8. It did go to 25 3/4 and then quickly came back to where it is now. It is now 25 1/4 x 25 1/2. It is currently stalling in this area. I don't like that very much. Even though old resistance 25 1/4 now seems to be support. We'll see what it does near the close. Reminds me of KBH. Went to the buy-point, then stalled. Maybe it is just that I'm not used to this, but I like them to really *break* out. How do you see the action thus far, Peter? Disclaimer: I'm in. One half @ 25 the other @ 25 3/8. Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Thu, 16 Jul 1998 21:34:13 +0200 From: Johan Van Houtven Subject: [CANSLIM] Breakout SEIC SEIC appears to be breaking out. 170% ADV. Buy-point 72.125. Currently: 72 9/16 - 73. SEIC: 93 94 A GRS: 94 Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Fri, 17 Jul 1998 02:40:48 +0700 From: "Peter Christiansen" Subject: Re: [CANSLIM] Breakout PSQL I agree with you Johan. I like 'em to really make a move when they break out. It is now 25 3/8 x 25 7/16. The close should be interesting. I picked up a few call options on it today. Peter Christiansen Chiang Mai - Thailand - -----Original Message----- From: Johan Van Houtven To: canslim@lists.xmission.com Date: Friday, July 17, 1998 2:12 AM Subject: Re: [CANSLIM] Breakout PSQL >At 01:51 AM 17-07-98 +0700, you wrote: >>Looks like PSQL is breaking out today. >> >>Peter Christiansen >>Chiang Mai - Thailand > >Well, the volume is certainly there. ADV(30)=341K. Trading 708K already. > >Buy-point was 25 3/8. It did go to 25 3/4 and then quickly came back to >where it is now. > >It is now 25 1/4 x 25 1/2. > >It is currently stalling in this area. I don't like that very much. Even >though old resistance 25 1/4 now seems to be support. > >We'll see what it does near the close. Reminds me of KBH. Went to the >buy-point, then stalled. > >Maybe it is just that I'm not used to this, but I like them to really >*break* out. > >How do you see the action thus far, Peter? > > >Disclaimer: I'm in. One half @ 25 the other @ 25 3/8. > > > > > >Johan Van Houtven / CLICK! N.V. > > > > >- > > - - ------------------------------ Date: Thu, 16 Jul 1998 21:47:41 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] Breakout PSQL Near the close now. Things looking good: 25 7/16 x 25 5/8. Strong buying comming in. I'm holding. At 02:40 AM 17-07-98 +0700, you wrote: >I agree with you Johan. I like 'em to really make a move when they break >out. It is now 25 3/8 x 25 7/16. The close should be interesting. I >picked up a few call options on it today. > >Peter Christiansen >Chiang Mai - Thailand > >-----Original Message----- >From: Johan Van Houtven >To: canslim@lists.xmission.com >Date: Friday, July 17, 1998 2:12 AM >Subject: Re: [CANSLIM] Breakout PSQL > > >>At 01:51 AM 17-07-98 +0700, you wrote: >>>Looks like PSQL is breaking out today. >>> >>>Peter Christiansen >>>Chiang Mai - Thailand >> >>Well, the volume is certainly there. ADV(30)=341K. Trading 708K already. >> >>Buy-point was 25 3/8. It did go to 25 3/4 and then quickly came back to >>where it is now. >> >>It is now 25 1/4 x 25 1/2. >> >>It is currently stalling in this area. I don't like that very much. Even >>though old resistance 25 1/4 now seems to be support. >> >>We'll see what it does near the close. Reminds me of KBH. Went to the >>buy-point, then stalled. >> >>Maybe it is just that I'm not used to this, but I like them to really >>*break* out. >> >>How do you see the action thus far, Peter? >> >> >>Disclaimer: I'm in. One half @ 25 the other @ 25 3/8. >> >> >> >> >> >>Johan Van Houtven / CLICK! N.V. >> >> >> >> >>- >> >> > > >- > > Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Thu, 16 Jul 1998 22:07:23 +0200 From: Johan Van Houtven Subject: [CANSLIM] NASD & Breakout PSQL Almost unbelievable, but we are at the 2000 mark on the NASDAQ. I remember those 1500 like figures just, what is it, 8 to 9 months ago... Re: PSQL: What can is say?? Houston... we have a lift-off!! Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Thu, 16 Jul 1998 15:15:05 -0600 From: jeff@scrooge.csd.sdl.usu.edu (Jeff Salisbury) Subject: [CANSLIM] Dell Daily Graphs information... Anyone with access to Daily Graphs, I am interested in getting the Daily Graph information for Dell. Can someone please lookup the CANSLIM information for Dell? Best Regards, Jeff - - ------------------------------ Date: Thu, 16 Jul 1998 17:25:02 -0700 From: Alan Friedman Subject: Re: [CANSLIM] Dell Daily Graphs information... DELL was recommended by a CANSLIM service called MOMENTUM ON-LINE. The November 120 calls were bought at 7 7/8...closed today at 13 3/8...target is 15 3/4. The URL is http://www.netword2000.com/momentum/online.htm - - ------------------------------ Date: Thu, 16 Jul 1998 21:26:08 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Dell Daily Graphs information... On Thu, 16 Jul 1998 15:15:05 -0600, you wrote: :Anyone with access to Daily Graphs, : :I am interested in getting the Daily Graph information for Dell. Can = someone :please lookup the CANSLIM information for Dell? : :Best Regards, : :Jeff : ...And when you get it, please CC me... I bought a hunk of DELL a week ago today (glad I did). Looks to me like the *Summer Rally* did materialize. Nas over 2000, DOW just really piercing resistance in low 9000's. How much longer? Dan musicant@autobahn.org - - ------------------------------ Date: Thu, 16 Jul 1998 17:03:34 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] Dell Daily Graphs information... Jeff, did you get the info you needed? joe jo@koyote.com http://www.koyote.com/users/jo - - ------------------------------ Date: Thu, 16 Jul 1998 18:20:52 PST From: jubileeyear@juno.com (Neil V. Himber) Subject: Re: [CANSLIM] TELESCAN Weekend review scan _____________________________________________________________________ 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: Wed, 15 Jul 1998 18:17:36 PST From: jubileeyear@juno.com (Neil V. Himber) Subject: Re: [CANSLIM] EDAC - Falling Knifes Hi Al: You posted a message on 5/9/98 about TC200. I answered their advertisement "Try It Free" offer a few weeks ago and I have received a copy of their version 4.0 for Windows 95, on CD-ROM. I have installed it and downloaded using their 800 number. I'm confused about some things however. You stated in your message that you had tracked 80-100 stocks for about $10 per month. Later in your message you state that TC200 costs $2.49 per day, which comes out to considerably more than $10 per month. Why the difference? Also, since IBD scans and ranks stocks, and posts the results in the paper each day, why would I want to duplicate their efforts and set up my own screen filters? The strength of Daily Graphs (I'm a novice but I was a beta tester for the online version) was that the graphs clearly indicated when a stock was extended to far beyond the 200 day moving average. I can't determine how to interprete this info in TC2000? I'm trying to decide if TC2000 is a more economical way for me to do technical analysis than Daily Graphs. 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: Thu, 16 Jul 1998 15:50:58 -0700 From: Tim Fisher Subject: [CANSLIM] Fwd: Imperial Bancorp Posts 51% Increase In 2nd-Quarter Net Income IMP has been basing for a long long time, I once owned it and made some not-bad money on it. Still makes my CASLI Killer Scan. In fact it's been making my scans for at least a year. Reported today but not much reaction. maybe it's time for it to jump off that base. Then again maybe not. Beat estimates by 3 cents (40 vs 37). Beware when a co. like HBOC beats estimates by a penny and tanks. I got out even on that _former_ LLUR... > >Imperial Bancorp (NYSE:IMP) > >=A0=A0 Imperial Bancorp - Los Angeles >=A0=A0 2nd Quar June 30: >=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0= 1998=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0 1997 >Inc cont op=A0=A0=A0=A0=A0=A0=A0 $16,567,000=A0=A0=A0 $11,091,000 >Inc dis op=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0 ...=A0=A0=A0=A0= =A0=A0 (132,000) >Net income=A0=A0=A0=A0=A0=A0=A0=A0=A0 16,567,000=A0=A0=A0=A0 10,959,000 >Avg shrs (basic)=A0=A0=A0 39,712,590=A0=A0=A0=A0 38,760,933 >Avg shrs (diluted)=A0 41,458,533=A0=A0=A0=A0 40,461,222 >Shr earns (basic) > Inc cont op=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0 .42=A0=A0=A0=A0=A0= =A0=A0=A0=A0=A0=A0 .29 > Inc dis op=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0 ...=A0=A0=A0=A0=A0= =A0=A0=A0=A0=A0 (.01) > Net income=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0 .42=A0=A0=A0=A0=A0= =A0=A0=A0=A0=A0=A0 .28 >Shr earns (diluted) > Inc cont op=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0 .40=A0=A0=A0=A0=A0= =A0=A0=A0=A0=A0=A0 .27 > Inc dis op=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0 ...=A0=A0=A0=A0=A0= =A0=A0=A0=A0=A0=A0 ... > Net income=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0=A0 .40=A0=A0=A0=A0=A0= =A0=A0=A0=A0=A0=A0 .27 >Loan loss prvsn=A0=A0=A0=A0 14,127,000=A0=A0=A0=A0=A0 4,427,000 >=A0=A0 Figures in parentheses are losses. >=A0=A0 Imperial Bancorp (IMP) reported second-quarter net interest income= of >$65.1 million, compared with $47.8 million for the year-ago second >quarter. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites mailto:Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ End of canslim-digest V2 #327 ***************************** 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.