From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3371 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, June 15 2003 Volume 02 : Number 3371 In this issue: RE: [CANSLIM] UOPX [CANSLIM] How do you CANSLIM? Re: [CANSLIM] How do you CANSLIM? RE: [CANSLIM] UOPX Re: [CANSLIM] UOPX Re: [CANSLIM] How do you CANSLIM? [CANSLIM] Mutual fund holdings ---------------------------------------------------------------------- Date: Sat, 14 Jun 2003 19:48:00 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] UOPX Hi Chris, I don't see the action since the previous breakout in March as a base. A flat base would have to drift sideways off the left high of the correction (action since March is rising slowly along the top of the range). A cup with handle or saucer base would have to decline from the left side of the base and work it's way back up. That effectively means that the stock is still in its rise since the breakout and offers no ideal or low-risk entry point. See the action over the last 2 years at: http://www.cwhcharts.com/katherine/UOPX061303.JPG As a point of clarification, our CE score is comprised of the sum of two components, fundamental (CEF) and technical (CET). UOPX scores 15.72 of a total possible 18 points, but has a fundamental (CEF) score of 9.56 (of 11) and a technical (CET) score of 6.16 (of 7). Still nothing to sneeze at, but somewhat different than assuming all the points you quoted were "fundies" in and of themselves. The CE evaluation is available at: http://www.cwhcharts.com/canslim Those scores place it 3rd in overall CE score within the industry, 5th technically and 4th fundamentally. The industry currently ranks 36th of 192 industries. While the underlying technicals of the industry components have been rising fairly steadily, the industry has fallen back in rank a bit in the last few weeks, as the action is relatively subdued compared to the action in other industries. See an industry chart demonstrating the underlying technical action in the industry vs the market, along with the industry's rank over the last year at: http://www.cwhcharts.com/katherine/BusServSchools061303.JPG Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of swingkid104@attbi.com Sent: Friday, June 13, 2003 11:44 AM To: canslim@lists.xmission.com Subject: [CANSLIM] UOPX Hey - Just wondering what ya'll thought of UOPX. It's breaking out today (despite the rest of the ugly market), on heavy volume. I'm not sure what kind of base this is. I'm not sure if it's a flat base, or a double bottom, though it'd probably be a stretch to classify it as either. Whatever it is, it's been bouncing around within a fairly tight trading range for the past 13 weeks, and is just now breaking above it. I could also see this as a base on base formation. I see a cup with a short handle from 1/7 to it's breakout on 3/19, it advanced a little bit, and got stuck in another rut - of which it is just now breaking out of. The fundies look pretty good. It got a 15.23 / 18 on the canslim evaluator, and it's industry is ranked 3 / 197 by IBD. Thoughts are always appreciated! Chris - - - -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, 15 Jun 2003 12:19:11 -0000 From: "Treb Courie" Subject: [CANSLIM] How do you CANSLIM? CANSLIMmers, There are many discussions on this list about the CANSLIM characteristics of particular stocks, but not nearly as many about what I consider teh harder part of CANSLIMming--how to pick out those stocks out of the thousands of stocks out there. Some people here have said that they use "Where the Big Money is Flowing" or other IBD-sorted lists--and others have mentioned some problems with using those lists (if the big money is flowing there, it's already too late). For discussion, here is how I do it. I am still refining this method and know that it has some limitations. - -Every weekend I go to DGO and download the Daily Graphs Company Index (I'm pretty new to DGO and not familiar with all the powerful features on it.) - -I put it into an Excel Spreadsheet and Filter the Data, usually >75 EPS, >75 RS, SMR B or better, A/C B or better, >70 Comp, >50 Group RS. - -I then go through all of those stocks (this week about 140 stocks) and view the weekly graph, looking for a basic chart pattern. For those with a pattern, I check the daily (esp. if it has a short handle) to look more closely at the recent activity. - -Any stocks that I feel comfortable with I will record the pivot point and watch that stock all week for a breakout. This week I am only watching four stocks. - -The following week, I will repeat the entire process. This process has some downsides. One is that it takes a long time to view that many charts, but I haven't figured out a good way to keep notes on the stocks weekly while downloading the new ratings into my spreadsheet. Another is that too many of the stocks that I view have already broken out--I need to change my criteria to spot them before breaking out without increasing my chart-analysis workload. I'd love to hear how others select their stocks and any comments others may have about my system. For example, for those of you who use the IBD ratings, what do you use as your minimums? Treb - - - -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, 15 Jun 2003 10:06:35 EDT From: Davellil5@aol.com Subject: Re: [CANSLIM] How do you CANSLIM? Your hunting method sounds good. I use IBD. It takes me about 30-45 minutes to go thru the DJ and NASD listings of stocks over $10, seeking those with the characteristics I'm seeking. On average, I find 150 stocks. It takes me about 20 seconds per stock to flip thru their 9-month charts, watching for those stocks with possible base formations, etc. (using AOL's chart access). That's about an hour. Sometimes a little longer because I may pause to check the 3-month charts of interesting stocks (for a better view of recent action). I do above once a week. Why only that often? Because the "possibles" don't change that much daily. And, the probability of glomming on to a good CANSLIM candidate right at the breakout point is slim. CANSLIM is a waiting game. Chart screening usually leaves me with 25 to 35 stocks out of the 150 hunted up. To begin winnowing out the ones with good CANSLIM numbers, I flip thru their Comparison Ratio reports. Those are the Multex Market Guide reports, which I get from AOL. They can also be seen at other websites. Flipping thru these reports takes about 2-3 minutes per stock, or about 1 1-2 hours. That takes an hour or two and usually cuts the number of candidates down to 5-10. I then check other data reports (Company Description, Earnings Estimate, Events Calendar, Insider Trading) on the 5-10 surviviors, writing down numbers and printing charts. That may leave only 3 or 4 of them to be added to my Waiting List. But, that's enough, since the Waiting List may have 20-30 other stocks from previous weeks for me to watch. That takes an hour or so. So, the once-a-week hunting-screening-analysis process takes about half a day or a little more. It's not as comprehensive as the use of screening services for hunting --and depends much more on my own perceptions. But it's free -- and I need IBD only once a week. It may suffice for those who don't want to get into the more sophisticated methods. Regards, 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: Sun, 15 Jun 2003 11:00:14 -0400 From: "Mark Kerson" Subject: RE: [CANSLIM] UOPX Wow, you are good Katherine. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Saturday, June 14, 2003 8:48 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] UOPX Hi Chris, I don't see the action since the previous breakout in March as a base. A flat base would have to drift sideways off the left high of the correction (action since March is rising slowly along the top of the range). A cup with handle or saucer base would have to decline from the left side of the base and work it's way back up. That effectively means that the stock is still in its rise since the breakout and offers no ideal or low-risk entry point. See the action over the last 2 years at: http://www.cwhcharts.com/katherine/UOPX061303.JPG As a point of clarification, our CE score is comprised of the sum of two components, fundamental (CEF) and technical (CET). UOPX scores 15.72 of a total possible 18 points, but has a fundamental (CEF) score of 9.56 (of 11) and a technical (CET) score of 6.16 (of 7). Still nothing to sneeze at, but somewhat different than assuming all the points you quoted were "fundies" in and of themselves. The CE evaluation is available at: http://www.cwhcharts.com/canslim Those scores place it 3rd in overall CE score within the industry, 5th technically and 4th fundamentally. The industry currently ranks 36th of 192 industries. While the underlying technicals of the industry components have been rising fairly steadily, the industry has fallen back in rank a bit in the last few weeks, as the action is relatively subdued compared to the action in other industries. See an industry chart demonstrating the underlying technical action in the industry vs the market, along with the industry's rank over the last year at: http://www.cwhcharts.com/katherine/BusServSchools061303.JPG Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of swingkid104@attbi.com Sent: Friday, June 13, 2003 11:44 AM To: canslim@lists.xmission.com Subject: [CANSLIM] UOPX Hey - Just wondering what ya'll thought of UOPX. It's breaking out today (despite the rest of the ugly market), on heavy volume. I'm not sure what kind of base this is. I'm not sure if it's a flat base, or a double bottom, though it'd probably be a stretch to classify it as either. Whatever it is, it's been bouncing around within a fairly tight trading range for the past 13 weeks, and is just now breaking above it. I could also see this as a base on base formation. I see a cup with a short handle from 1/7 to it's breakout on 3/19, it advanced a little bit, and got stuck in another rut - of which it is just now breaking out of. The fundies look pretty good. It got a 15.23 / 18 on the canslim evaluator, and it's industry is ranked 3 / 197 by IBD. Thoughts are always appreciated! Chris - - - -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. - - - -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, 15 Jun 2003 11:29:44 -0400 From: dlawson Subject: Re: [CANSLIM] UOPX Hi, I don't respond very often, simply for lack of time.However as far as the chart for UOPX is concerned you could argue that's it's base is a double bottom on the daily chart within the last 6 months. The first bottom being on 4/16 at 40.40, the second on 5/27. Granted the second bottom is supposed to undercut the first and the mid "W" was also exceded both minimally, it's not an exact science. The breakout would be at 47.27. Just my opinion Dave - ----- Original Message ----- From: "Katherine Malm" To: Sent: Saturday, June 14, 2003 8:48 PM Subject: RE: [CANSLIM] UOPX > Hi Chris, > > I don't see the action since the previous breakout in March as a base. A > flat base would have to drift sideways off the left high of the correction > (action since March is rising slowly along the top of the range). A cup with > handle or saucer base would have to decline from the left side of the base > and work it's way back up. That effectively means that the stock is still in > its rise since the breakout and offers no ideal or low-risk entry point. See > the action over the last 2 years at: > > http://www.cwhcharts.com/katherine/UOPX061303.JPG > > As a point of clarification, our CE score is comprised of the sum of two > components, fundamental (CEF) and technical (CET). UOPX scores 15.72 of a > total possible 18 points, but has a fundamental (CEF) score of 9.56 (of 11) > and a technical (CET) score of 6.16 (of 7). Still nothing to sneeze at, but > somewhat different than assuming all the points you quoted were "fundies" in > and of themselves. The CE evaluation is available at: > http://www.cwhcharts.com/canslim > > Those scores place it 3rd in overall CE score within the industry, 5th > technically and 4th fundamentally. The industry currently ranks 36th of 192 > industries. While the underlying technicals of the industry components have > been rising fairly steadily, the industry has fallen back in rank a bit in > the last few weeks, as the action is relatively subdued compared to the > action in other industries. > > See an industry chart demonstrating the underlying technical action in the > industry vs the market, along with the industry's rank over the last year > at: http://www.cwhcharts.com/katherine/BusServSchools061303.JPG > > > Katherine > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of > swingkid104@attbi.com > Sent: Friday, June 13, 2003 11:44 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] UOPX > > > Hey - > > Just wondering what ya'll thought of UOPX. It's breaking out today (despite > the rest of the ugly market), on heavy volume. I'm not sure what kind of > base > this is. I'm not sure if it's a flat base, or a double bottom, though it'd > probably be a stretch to classify it as either. Whatever it is, it's been > bouncing around within a fairly tight trading range for the past 13 weeks, > and > is just now breaking above it. I could also see this as a base on base > formation. I see a cup with a short handle from 1/7 to it's breakout on > 3/19, > it advanced a little bit, and got stuck in another rut - of which it is just > now breaking out of. > > The fundies look pretty good. It got a 15.23 / 18 on the canslim evaluator, > and it's industry is ranked 3 / 197 by IBD. > > Thoughts are always appreciated! > > Chris > > - > -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. - - - -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, 15 Jun 2003 13:44:33 EDT From: Chazmoore@aol.com Subject: Re: [CANSLIM] How do you CANSLIM? - --part1_3d.31086b96.2c1e0a81_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Treb: I too pull a list from Daily Graphs each weekend. Depending on the screen parameters you can often pull in a few hundred top rated stocks. The problem, as you point out, it still takes lots of time to narrow the list down to something manageable. What is missing from this effort is an indication of individual stocks as they breakout of a basing pattern. My solution was to subscribe to the alert system published daily by cwhCharts.com. I am very pleased with the results because I am able to buy just as the stocks breakout over the pivot. Charley - --part1_3d.31086b96.2c1e0a81_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Treb: I too pull a list f= rom Daily Graphs each weekend. Depending on the screen parameters you can of= ten pull in a few hundred top rated stocks. The problem, as you point out, i= t still takes lots of time to narrow the list down to something manageable.

What is missing from this effort is an indication of individual stocks a= s they breakout of a basing pattern. My solution was to subscribe to the ale= rt system published daily by cwhCharts.com. I am very pleased with the resul= ts because I am able to buy just as the stocks breakout over the pivot.

Charley - --part1_3d.31086b96.2c1e0a81_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: Sun, 15 Jun 2003 22:55:58 -0500 From: " Bob Hodes" Subject: [CANSLIM] Mutual fund holdings This is a multi-part message in MIME format. - ------=_NextPart_000_0007_01C33391.48BC99A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I just found out that you can go morningstar.com and research individual = stocks and not just mutual funds. They also have a feature that tells = you which mutual funds own a stock and the morningstar rating for that = fund. So this makes for a convenient method of looking at institutional = ownership and quality of ownership (or at least mutual fund ownership). = If this is well known to everyone, I apologize. Here's an example of their data on APPX. This feature is free. http://quicktake.morningstar.com/Stock/Powerbrokers.asp?Country=3DUSA&Sym= bol=3DAPPX&Status=3D0&sktab=3Downers#anchor3 Bob Hodes - ------=_NextPart_000_0007_01C33391.48BC99A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I just found out that you can go = morningstar.com=20 and research individual stocks and not just mutual funds.  They = also have a=20 feature that tells you which mutual funds own a stock and the = morningstar rating=20 for that fund.  So this makes for a convenient method of looking at = institutional ownership and quality of ownership (or at least mutual = fund=20 ownership).  If this is well known to everyone, I = apologize.
 
Here's an example of their data on = APPX.  This=20 feature is free.
 
http://q= uicktake.morningstar.com/Stock/Powerbrokers.asp?Country=3DUSA&Symbol=3D= APPX&Status=3D0&sktab=3Downers#anchor3
 
Bob Hodes
- ------=_NextPart_000_0007_01C33391.48BC99A0-- - - - -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 #3371 ****************************** 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.