From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3310 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 Tuesday, May 13 2003 Volume 02 : Number 3310 In this issue: [CANSLIM] TSCO Re: [CANSLIM] Tom Worley: Tragic Announcement [CANSLIM] Institutional Ownership Re: [CANSLIM] TSCO Re: [CANSLIM] Institutional Ownership Re: [CANSLIM] TSCO [CANSLIM] Institutional Ownership [CANSLIM] IART Re: [CANSLIM] Institutional Ownership Re: [CANSLIM] Institutional Ownership ---------------------------------------------------------------------- Date: Mon, 12 May 2003 11:17:41 EDT From: Chazmoore@aol.com Subject: [CANSLIM] TSCO - --part1_26.394c3439.2bf11515_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit It looks like this stock completed a cup with the right side of the cup (pivot) on April 16 at $43.45, then formed a handle and broke out on May 2, moving up to $45.95. Since then the price has fallen back into the buying range. What is interesting is that volume seems to be drying up? My question is, "Is this an indication that the formation is busted, or could another breakout be developing?" Charley - --part1_26.394c3439.2bf11515_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable It looks like this stock=20= completed a cup with the right side of the cup (pivot) on April 16 at $43.45= , then formed a handle and broke out on May 2, moving up to $45.95.

Since then the price has fallen back into the buying range. What is inte= resting is that volume seems to be drying up? My question is, "Is this an in= dication that the formation is busted, or could another breakout be developi= ng?"

Charley - --part1_26.394c3439.2bf11515_boundary-- - - - -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: Mon, 12 May 2003 09:20:29 -0700 (PDT) From: Marc Deiter Subject: Re: [CANSLIM] Tom Worley: Tragic Announcement Wow - I'm just getting caught up after a few days away, what a stunning piece of news. They say it's not what you take with you, it's the values, beliefs, wisdom, etc. you leave behind with others that matters. Tom certainly did that - it wasn't the profit he made from EPIQ, it was the sharing of why he made the transactions; it wasn't the return on his portfolio or VR fund, it was his commitment to teaching and explaining what he thought of each stock, technique, or topic. How many times did Tom explain what LLUR meant - and each time as if it were the first time. The effort he put into teaching and sharing his knowledge to those of us on this list was amazing. I feel blessed to have learned from him. Marc - --- Jeff Salisbury wrote: > Fellow CANSLIM'rs, > > With great sadness and regret I reluctantly announce the death of > Tom > Worley. He was apparently killed in a domestic dispute with his > son > over this past weekend. He was preceded in death by his sweetheart > wife > who passed away from cancer a few years ago. > > I learned of this tragedy when Katherine Malm privately expressed > concerns to me that she was unable to contact Tom. I called his > office, > and when I asked to speak to Tom, was informed of the tragedy. > Tom's > human resource officer sent me this announcement that was > circulated at > his office: > > Please be advised that there will be a Mass honoring Mr. Thomas > > Worley at > Saint Mary's Cathedral on Thursday May 8th, at ten in the > morning . > Saint Mary's is located on the corner of N.W. 75th Street and > N.W. 2nd > Avenue. The best way to go is to get off on the N.W. 79th > Street exit on > I-9. > > Katherine and I have not yet been able to find an online obituary > or > newspaper article. However, in memory of Tom, Katherine has found > and > compiled the following links: > > http://www.cwhcharts.com/katherine/SmartInvestorWorley.txt > http://www.cwhcharts.com/katherine/TomWorley011002.jpg > > Tom wrote this bio himself: > > http://www.souza.com/go70/worley.htm > > I have known Tom for the past decade, corresponding by private > email > regularly and often. I've also spoken with Tom on occasion by > phone. > > Tom was one of the first half-dozen people who signed up for our > CANSLIM > email community. Most likely Tom has been a member of our CANSLIM > community longer than any other person. Right from the beginning > of our > CANSLIM community Tom exhibited his paternal instincts towards our > membership. Through the years, Tom consistently reached out to > every > new participant. He would welcome them, and then generously and > gently > give of his time and talents. Tom was truly the father of our > community. > > In my personal interaction with Tom, I came to know Tom as a > sensitive, > gentle, and thoughtful soul. > > Tom, I'll miss you! I hope you are now with your sweetheart wife > in a > joyful place where there are no more tears, sorrow, or pain. > > Jeff Salisbury - canslim admin/owner > - - - -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: Mon, 12 May 2003 12:52:49 -0500 From: "Gene Ricci" Subject: [CANSLIM] Institutional Ownership This is a multi-part message in MIME format. - ------=_NextPart_000_057C_01C31885.64E93D30 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Several of us spent a lot of time trying to determine the importance of = 'I' and we came to the conclusion that WON needed a vowel to tie CANSLIM = together.=20 The study concluded: 1) a min/max 'number' was personal preference and varied by guru and/or = investing software and data suppliers 2) data sources (MSN, HGSI, AAII, DGO, AM*) varied greatly 3) what to count as an institution is still up for debate 4) asking Bill came up with: =20 Institutional sponsorship. You want at least a few of the better = performing mutual funds owning the stock. They're the ones who will = drive the stock up on a sustained basis They backed away from that because the better/best performing mutual = funds were mostly Bear Funds.... this was during the lengthy down market I like 'I' as a VOWEL.... less to look at and more meaningful. Gene - ------=_NextPart_000_057C_01C31885.64E93D30 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Several of us spent a lot of time = trying to=20 determine the importance of 'I' and we came to the conclusion that WON = needed a=20 vowel to tie CANSLIM=20 together.
 
The study concluded:
1) a min/max 'number' was = personal=20 preference and varied by guru and/or investing software and data=20 suppliers
2) data sources (MSN, HGSI, AAII, DGO, = AM*)=20 varied greatly
3) what to count as an = institution is still=20 up for debate
4) asking Bill came up = with: 
 
Institutional=20 sponsorship. You want at least a few of the better performing = mutual=20 funds owning the stock. They're the ones who will drive the stock up on = a=20 sustained basis
 
They backed away from = that because=20 the better/best performing mutual funds were mostly Bear Funds.... = this was=20 during the lengthy down market
 
I like 'I' as a = VOWEL.... less to=20 look at and more meaningful.
 
Gene
 
 
- ------=_NextPart_000_057C_01C31885.64E93D30-- - - - -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: Mon, 12 May 2003 12:17:56 -0700 (PDT) From: Marc Deiter Subject: Re: [CANSLIM] TSCO Charley, I've been watching TSCO also and agree with your assessment of the pivot. In fact there are several places in the right side of the cup, and the handle, where the price action moved sideways or somewhat down while volume dried up. Today's action is encouraging - big move up on higher volume. My opinion is that it broke out as you mentioned. Then it moved back towards it's pivot as WON states that 40% of stocks do (42.75 intra day low on 5/8) after the breakout. So perhaps a continuation of the 5/2 breakout. TSCO has been appearing on various IBD screens for a long time. Marc - --- Chazmoore@aol.com wrote: > It looks like this stock completed a cup with the right side of the > cup > (pivot) on April 16 at $43.45, then formed a handle and broke out > on May 2, > moving up to $45.95. > > Since then the price has fallen back into the buying range. What is > > interesting is that volume seems to be drying up? My question is, > "Is this an > indication that the formation is busted, or could another breakout > be > developing?" > > Charley > - - - -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: Mon, 12 May 2003 15:59:20 EDT From: Davellil5@aol.com Subject: Re: [CANSLIM] Institutional Ownership A possibly useful way to look at I is from the angle of your time horizon. If you're looking for stocks to buy on breakout, in the hope of riding them to substantial gains over a period of time, say, 1-3 months, then it may matter a whole lot if 90% of the stock is already in the hands of Institutions and Mutuals (I&M's). You might want to stay out of stocks of which I&M's hold more than some percentage, like 50 or 60%. Tom Worley had an even lower maximum. Because they might take profi.t If, on the other hand, you're willing to settle for small gains in hope of rolling your cash over rapidly for good cumulative gain -- with a time horizon up to a month, then I doesn't make too much difference. How about the lower end? What minimum holding by I&M's. If at least 30% of a stock is held by I&M's, it shows some interest on their part. Since the I&M's sometimes follow each other like sheep, that's a plus factor. But, again, if your time horizon is short, and a stock is being accumulated, it isn't as important to have an existing interest on the part of the I&M's. Would be most interested in comments on this criterion of the C-M system. Dave - - - -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: Mon, 12 May 2003 20:38:50 EDT From: Chazmoore@aol.com Subject: Re: [CANSLIM] TSCO - --part1_ac.3fd751c4.2bf1989a_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Marc: This stock got a nice boost today (up $1.25), plus the volume was up 169%. I guess this qualifies for another breakout even though the price still has not exceeded the 5% growth above the pivot. I bought today but will watch closely since the chart sure looks choppy to me. Thanks for your comments. Charley - --part1_ac.3fd751c4.2bf1989a_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Marc: This stock got a ni= ce boost today (up $1.25), plus the volume was up 169%. I guess this qualifi= es for another breakout even though the price still has not exceeded the 5%=20= growth above the pivot. I bought today but will watch closely since the char= t sure looks choppy to me.
Thanks for your comments. Charley - --part1_ac.3fd751c4.2bf1989a_boundary-- - - - -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: Mon, 12 May 2003 22:35:08 -0500 From: "Gene Ricci" Subject: [CANSLIM] Institutional Ownership This is a multi-part message in MIME format. - ------=_NextPart_000_07D8_01C318D6.BDAE98B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Several of us spent a lot of time trying to determine the importance of = 'I' and we came to the conclusion that WON needed a vowel to tie CANSLIM = together.=20 The study concluded: 1) a min/max 'number' was personal preference and varied by guru and/or = investing software and data suppliers 2) data sources (MSN, HGSI, AAII, DGO, AM*) varied greatly 3) what to count as an institution is still up for debate 4) asking Bill came up with: =20 Institutional sponsorship. You want at least a few of the better = performing mutual funds owning the stock. They're the ones who will = drive the stock up on a sustained basis They backed away from that because the better/best performing mutual = funds were mostly Bear Funds.... this was during the lengthy down market I like 'I' as a VOWEL.... less to look at and more meaningful. Gene - ------=_NextPart_000_07D8_01C318D6.BDAE98B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Several of us=20 spent a lot of time trying to determine the importance of 'I' and we = came to the=20 conclusion that WON needed a vowel to tie CANSLIM together.

The = study=20 concluded:
1) a min/max 'number' was personal preference and varied = by guru=20 and/or investing software and data suppliers
2) data sources (MSN, = HGSI,=20 AAII, DGO, AM*) varied greatly
3) what to count as an institution is = still up=20 for debate
4) asking Bill came up with: 

Institutional=20 sponsorship. You want at least a few of the better performing mutual = funds=20 owning the stock. They're the ones who will drive the stock up on a = sustained=20 basis

They backed away from that because the better/best = performing=20 mutual funds were mostly Bear Funds.... this was during the lengthy down = market

I like 'I' as a VOWEL.... less to look at and more=20 meaningful.

Gene - ------=_NextPart_000_07D8_01C318D6.BDAE98B0-- - - - -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: Tue, 13 May 2003 00:01:57 -0400 From: Roger Tawa Subject: [CANSLIM] IART This is a multi-part message in MIME format. - --Boundary_(ID_bfW5XeTyBO/yYk2DkGuYeg) Content-type: text/plain; charset=iso-8859-1 Content-transfer-encoding: 7BIT Hi all, I am trying to evaluate the handle of this charts. Assuming you agree that a pivot was formed on april 25th, would this be considered a sideways moving handle? The volume seems to dry up, but the lows first move up, then move down, and now seem to move sideways. 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--Boundary_(ID_bfW5XeTyBO/yYk2DkGuYeg)-- - - - -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: Tue, 13 May 2003 09:10:48 EDT From: AJAskey@aol.com Subject: Re: [CANSLIM] Institutional Ownership - --part1_146.11400e5f.2bf248d8_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit In a message dated 5/12/2003 10:36:18 PM Central Daylight Time, genr@swbell.net writes: > Institutional sponsorship. You want at least a few of the better performing > mutual funds owning the stock. They're the ones who will drive the stock up > on a sustained basis > You can build a spreadsheet of what the best funds are buying and selling thru www.nasdaq.com using the institutional holdings form for stocks. This is how I did it. First find a few funds that could be rated A+. The Calamos and Wasatch funds still make IBDs list although they may be B or C due to a bear market. Others to check are CGM Focus and Bjurman/Barry. Now find one or more stocks that a fund owns. You can use Morningstar or several other sources to find the top 10 holdings. EPIQ is owned by a couple funds and is a good stock to start with. Open an InfoQuote at www.nasdaq.com and then find the institutional holdings on the drop down menu. Click thru the pages until you find the fund/institution you want to investigate. Wasatch is on the top of the second page for me (when starting with EPIQ). Click on that institution. Now you have several pages of what that institution owns. The neat thing is you can copy and paste the holdings into Excel. Only select the table and be careful you don't select the entire page. After you copy each page into Excel you can now save this away for future reference. I use Edit->Clear->Formats on the copied data and then format it the way I want. This removes formats from the copy process that are probably not what will make your life easier. After I have saved a few of the best funds (maybe and hour or two of time) I can refer back to this table when I am deciding if I want to buy a stock. If I see one or more of the best funds have sold out of that fund then I usually pass. Sometimes you will find one fund sold out and another just started a new position. This shows there is no "right stock" to own as even the best funds disagree. Andy - --part1_146.11400e5f.2bf248d8_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable In a message dated 5/12/2003 10:36:18 PM Central Dayli= ght Time, genr@swbell.net writes:

Institutional sponsorship. You want at least a few of=20= the better performing mutual funds owning the stock. They're the ones who wi= ll drive the stock up on a sustained basis


You can build a spreadsheet of what the best funds are buying and selling th= ru www.nasdaq.com using the institutional hol= dings form for stocks.  This is how I did it.

First find a few funds that could be rated A+.  The Calamos and Wasatch= funds still make IBDs list although they may be B or C due to a bear market= .  Others to check are CGM Focus and Bjurman/Barry.

Now find one or more stocks that a fund owns.  You can use Morningstar=20= or several other sources to find the top 10 holdings.  EPIQ is owned by= a couple funds and is a good stock to start with.

Open an InfoQuote at www.nasdaq.com and then=20= find the institutional holdings on the drop down menu.  Click thru the=20= pages until you find the fund/institution you want to investigate.  Was= atch is on the top of the second page for me (when starting with EPIQ). = ; Click on that institution.  Now you have several pages of what that i= nstitution owns.

The neat thing is you can copy and paste the holdings into Excel.  Only= select the table and be careful you don't select the entire page.  Aft= er you copy each page into Excel you can now save this away for future refer= ence.  I use Edit->Clear->Formats on the copied data and then for= mat it the way I want.  This removes formats from the copy process that= are probably not what will make your life easier.

After I have saved a few of the best funds (maybe and hour or two of time) I= can refer back to this table when I am deciding if I want to buy a stock.&n= bsp; If I see one or more of the best funds have sold out of that fund then=20= I usually pass.  Sometimes you will find one fund sold out and another=20= just started a new position.  This shows there is no "right stock" to o= wn as even the best funds disagree.

Andy

 - --part1_146.11400e5f.2bf248d8_boundary-- - - - -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: Tue, 13 May 2003 09:19:15 -0700 From: "Jim Fulling" Subject: Re: [CANSLIM] Institutional Ownership This is a multi-part message in MIME format. - ------=_NextPart_000_00B1_01C31930.B9876A50 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable gene WON has 2 business (or maybe more) he has his institutional = business & us little people. considering this i can see how the I is = important 2 WON. jim the NO. ID. lunker ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, May 12, 2003 8:35 PM Subject: [CANSLIM] Institutional Ownership Several of us spent a lot of time trying to determine the importance = of 'I' and we came to the conclusion that WON needed a vowel to tie = CANSLIM together.=20 The study concluded: 1) a min/max 'number' was personal preference and varied by guru = and/or investing software and data suppliers 2) data sources (MSN, HGSI, AAII, DGO, AM*) varied greatly 3) what to count as an institution is still up for debate 4) asking Bill came up with: =20 Institutional sponsorship. You want at least a few of the better = performing mutual funds owning the stock. They're the ones who will = drive the stock up on a sustained basis They backed away from that because the better/best performing mutual = funds were mostly Bear Funds.... this was during the lengthy down market I like 'I' as a VOWEL.... less to look at and more meaningful. Gene=20 - ------=_NextPart_000_00B1_01C31930.B9876A50 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
gene WON has 2 business (or maybe more) = he has his=20 institutional business & us little people. considering this i can = see how=20 the I is important 2 WON.
jim the NO. ID. lunker
----- Original Message -----
From:=20 Gene = Ricci
Sent: Monday, May 12, 2003 8:35 = PM
Subject: [CANSLIM] = Institutional=20 Ownership

Several of us spent a lot = of time=20 trying to determine the importance of 'I' and we came to the = conclusion that=20 WON needed a vowel to tie CANSLIM together.

The study = concluded:
1)=20 a min/max 'number' was personal preference and varied by guru and/or = investing=20 software and data suppliers
2) data sources (MSN, HGSI, AAII, DGO, = AM*)=20 varied greatly
3) what to count as an institution is still up for=20 debate
4) asking Bill came up with: 

Institutional=20 sponsorship. You want at least a few of the better performing mutual = funds=20 owning the stock. They're the ones who will drive the stock up on a = sustained=20 basis

They backed away from that because the better/best = performing=20 mutual funds were mostly Bear Funds.... this was during the lengthy = down=20 market

I like 'I' as a VOWEL.... less to look at and more=20 meaningful.

Gene - ------=_NextPart_000_00B1_01C31930.B9876A50-- - - - -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 #3310 ****************************** 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.