From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3433 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 Thursday, July 17 2003 Volume 02 : Number 3433 In this issue: RE: [CANSLIM] BCGI big dip RE: [CANSLIM] BCGI big dip RE: [CANSLIM] BCGI big dip RE: [CANSLIM] BCGI big dip Re: [CANSLIM] BCGI big dip [CANSLIM] UTSI What am I missing? [CANSLIM] HITK Re: [CANSLIM] What works in this market? Re: [CANSLIM] UTSI What am I missing? RE: [CANSLIM] What works in this market? ---------------------------------------------------------------------- Date: Thu, 17 Jul 2003 14:25:54 -0500 From: "Ron Brown" Subject: RE: [CANSLIM] BCGI big dip Hi Tomas, A hard stop does absolutely no good on a gap down. The stop this a.m. would have become a market order, and you would have been filled near the opening price around $13.70. I believe in hard stops, and use them, but in situations like this, you are at the mercy of the market. The only warning you had was that BCGI was struggling to get past its recent high, and yesterday's long-legged Doji on extremely heavy volume indicated that indecision surrounded BCGI. When I see a long-legged Doji, I usually exit a position because it often forewarns of a turn in a stock or index. I'm sorry you got hurt on this one. I hope your position was not excessive. Ron - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Bogatay Sent: Thursday, July 17, 2003 2:02 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] BCGI big dip Does the island reversal that kicked off the left side of the cup have any implications to canslim? The failed bottoming patterns? (I see a failed double bottom transforming into a failed inverse head & shoulders bottom) That large spinning top the day before the big drop looks a bit ominous as well. I agree with Gene. One of the purposes of hard stops is to remove emotions from the equation. Seems like you are in "hope" mode. Not a good place to be. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tomas Sent: Thursday, July 17, 2003 2:47 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] BCGI big dip Gene, I don't see this as a bad thing. This is another tuition fee. I look at it is way, I will make a lot of mistake. It is better to make the mistakes sooner than later (because I use less money now than later). I would like to get as much experience and lesson learn out of this as possible. On your second sentence, you are saying that I should put hard stop or stop limit on all my trades? tomas - --- Gene Ricci wrote: > Hi Tomas, sorry to hear of your bad luck. I have to > caution you to not trade with a hard stop of some > limit or another.... I see it's now down to a 39% > drop.... when does benign become terminal? > > Gene > > ----- Original Message ----- > From: Tomas > To: canslim canslim > Sent: Thursday, July 17, 2003 1:28 PM > Subject: [CANSLIM] BCGI big dip > > > Hi All, > > I recently bought BCGI at BO on 07/08 for $18.89. > Good fundies and good CwH. No real yellow flags > that > I can see. Yesterday on after hour trading, it > went > down about 33% due to news on a potential lost of > a > big customer (51% of revenue). Also, earnings > release > yesterday was very good. So, my question is > should I > know this coming? Maybe I missed some big warning > signs. Maybe I should have noticed the active > insider > selling the last few months. Another other > warning > signs that I would have noticed? Or is this > something > that you cannot protect from? I am think there > should > be enough warning signs for this king of thing. > > Is might be another dumb question, should I just > sell > it now (you might be thinking "What! You have not > sold > it yet"). Or wait for a few days to see what > happens > and maybe I can get some of my loss back? Am I > just > been "hopeful when I should be fearful" (ie, sell > and > get out ASAP)? > > > Regards, > tomas > > __________________________________ > Do you Yahoo!? > SBC Yahoo! DSL - Now only $29.95 per month! > http://sbc.yahoo.com > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > __________________________________ Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.yahoo.com - - - -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: Thu, 17 Jul 2003 12:36:49 -0700 (PDT) From: Marc Deiter Subject: RE: [CANSLIM] BCGI big dip Ron, What's a long-legged Doji? I checked the chart and BCGI had a wide range yesterday and closed near the middle of that range. Thanks, Marc - --- Ron Brown wrote: > Hi Tomas, > > A hard stop does absolutely no good on a gap down. > > The stop this a.m. would have become a market order, and you would > have been > filled near the opening price around $13.70. I believe in hard > stops, and > use them, but in situations like this, you are at the mercy of the > market. > > The only warning you had was that BCGI was struggling to get past > its recent > high, and yesterday's long-legged Doji on extremely heavy volume > indicated > that indecision surrounded BCGI. When I see a long-legged Doji, I > usually > exit a position because it often forewarns of a turn in a stock or > index. > > I'm sorry you got hurt on this one. I hope your position was not > excessive. > > Ron > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Bogatay > Sent: Thursday, July 17, 2003 2:02 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] BCGI big dip > > > Does the island reversal that kicked off the left side of the cup > have > any implications to canslim? The failed bottoming patterns? (I see > a > failed double bottom transforming into a failed inverse head & > shoulders > bottom) That large spinning top the day before the big drop looks > a bit > ominous as well. > > > I agree with Gene. One of the purposes of hard stops is to remove > emotions from the equation. > > Seems like you are in "hope" mode. Not a good place to be. > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tomas > Sent: Thursday, July 17, 2003 2:47 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] BCGI big dip > > > Gene, I don't see this as a bad thing. This is > another tuition fee. I look at it is way, I will make > a lot of mistake. It is better to make the mistakes > sooner than later (because I use less money now than > later). I would like to get as much experience and > lesson learn out of this as possible. > > On your second sentence, you are saying that I should > put hard stop or stop limit on all my trades? > > tomas > > --- Gene Ricci wrote: > > Hi Tomas, sorry to hear of your bad luck. I have to > > caution you to not trade with a hard stop of some > > limit or another.... I see it's now down to a 39% > > drop.... when does benign become terminal? > > > > Gene > > > > ----- Original Message ----- > > From: Tomas > > To: canslim canslim > > Sent: Thursday, July 17, 2003 1:28 PM > > Subject: [CANSLIM] BCGI big dip > > > > > > Hi All, > > > > I recently bought BCGI at BO on 07/08 for $18.89. > > Good fundies and good CwH. No real yellow flags > > that > > I can see. Yesterday on after hour trading, it > > went > > down about 33% due to news on a potential lost of > > a > > big customer (51% of revenue). Also, earnings > > release > > yesterday was very good. So, my question is > > should I > > know this coming? Maybe I missed some big warning > > signs. Maybe I should have noticed the active > > insider > > selling the last few months. Another other > > warning > > signs that I would have noticed? Or is this > > something > > that you cannot protect from? I am think there > > should > > be enough warning signs for this king of thing. > > > > Is might be another dumb question, should I just > > sell > > it now (you might be thinking "What! You have not > > sold > > it yet"). Or wait for a few days to see what > > happens > > and maybe I can get some of my loss back? Am I > > just > > been "hopeful when I should be fearful" (ie, sell > > and > > get out ASAP)? > > > > > > Regards, > > tomas > > > > __________________________________ > > Do you Yahoo!? > > SBC Yahoo! DSL - Now only $29.95 per month! > > http://sbc.yahoo.com > > > > - > > -To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > > email. > > > > > __________________________________ > Do you Yahoo!? > SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.yahoo.com > > - > -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. - - - -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: Thu, 17 Jul 2003 14:44:39 -0500 From: "Ron Brown" Subject: RE: [CANSLIM] BCGI big dip Hi Marc, Long shadows on both sides of a very small body. This indicates indecision between buyers and sellers if you believe in candlesticks. A perfect example would have no body at all, and the open and close would be the same, but this is close enough. Ron - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Marc Deiter Sent: Thursday, July 17, 2003 2:37 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] BCGI big dip Ron, What's a long-legged Doji? I checked the chart and BCGI had a wide range yesterday and closed near the middle of that range. Thanks, Marc - --- Ron Brown wrote: > Hi Tomas, > > A hard stop does absolutely no good on a gap down. > > The stop this a.m. would have become a market order, and you would > have been > filled near the opening price around $13.70. I believe in hard > stops, and > use them, but in situations like this, you are at the mercy of the > market. > > The only warning you had was that BCGI was struggling to get past > its recent > high, and yesterday's long-legged Doji on extremely heavy volume > indicated > that indecision surrounded BCGI. When I see a long-legged Doji, I > usually > exit a position because it often forewarns of a turn in a stock or > index. > > I'm sorry you got hurt on this one. I hope your position was not > excessive. > > Ron > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Bogatay > Sent: Thursday, July 17, 2003 2:02 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] BCGI big dip > > > Does the island reversal that kicked off the left side of the cup > have > any implications to canslim? The failed bottoming patterns? (I see > a > failed double bottom transforming into a failed inverse head & > shoulders > bottom) That large spinning top the day before the big drop looks > a bit > ominous as well. > > > I agree with Gene. One of the purposes of hard stops is to remove > emotions from the equation. > > Seems like you are in "hope" mode. Not a good place to be. > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tomas > Sent: Thursday, July 17, 2003 2:47 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] BCGI big dip > > > Gene, I don't see this as a bad thing. This is > another tuition fee. I look at it is way, I will make > a lot of mistake. It is better to make the mistakes > sooner than later (because I use less money now than > later). I would like to get as much experience and > lesson learn out of this as possible. > > On your second sentence, you are saying that I should > put hard stop or stop limit on all my trades? > > tomas > > --- Gene Ricci wrote: > > Hi Tomas, sorry to hear of your bad luck. I have to > > caution you to not trade with a hard stop of some > > limit or another.... I see it's now down to a 39% > > drop.... when does benign become terminal? > > > > Gene > > > > ----- Original Message ----- > > From: Tomas > > To: canslim canslim > > Sent: Thursday, July 17, 2003 1:28 PM > > Subject: [CANSLIM] BCGI big dip > > > > > > Hi All, > > > > I recently bought BCGI at BO on 07/08 for $18.89. > > Good fundies and good CwH. No real yellow flags > > that > > I can see. Yesterday on after hour trading, it > > went > > down about 33% due to news on a potential lost of > > a > > big customer (51% of revenue). Also, earnings > > release > > yesterday was very good. So, my question is > > should I > > know this coming? Maybe I missed some big warning > > signs. Maybe I should have noticed the active > > insider > > selling the last few months. Another other > > warning > > signs that I would have noticed? Or is this > > something > > that you cannot protect from? I am think there > > should > > be enough warning signs for this king of thing. > > > > Is might be another dumb question, should I just > > sell > > it now (you might be thinking "What! You have not > > sold > > it yet"). Or wait for a few days to see what > > happens > > and maybe I can get some of my loss back? Am I > > just > > been "hopeful when I should be fearful" (ie, sell > > and > > get out ASAP)? > > > > > > Regards, > > tomas > > > > __________________________________ > > Do you Yahoo!? > > SBC Yahoo! DSL - Now only $29.95 per month! > > http://sbc.yahoo.com > > > > - > > -To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > > email. > > > > > __________________________________ > Do you Yahoo!? > SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.yahoo.com > > - > -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. - - - -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: Thu, 17 Jul 2003 15:45:18 -0400 From: "Pritish Shah" Subject: RE: [CANSLIM] BCGI big dip Explaination on LL Doji: http://www.stockcharts.com/education/Resources/Glo= ssary/candles-longDoji.html Pritish >>> rbrown@neb.rr.com 07/17/03 03:44PM >>> Hi Marc, Long shadows on both sides of a very small body. This indicates indecision between buyers and sellers if you believe in candlesticks. A perfect example would have no body at all, and the open = and close would be the same, but this is close enough. Ron - -----Original Message----- From: owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Marc Deiter Sent: Thursday, July 17, 2003 2:37 PM To: canslim@lists.xmission.com=20 Subject: RE: [CANSLIM] BCGI big dip Ron, What's a long-legged Doji? I checked the chart and BCGI had a wide range yesterday and closed near the middle of that range. Thanks, Marc - --- Ron Brown wrote: > Hi Tomas, > > A hard stop does absolutely no good on a gap down. > > The stop this a.m. would have become a market order, and you would > have been > filled near the opening price around $13.70. I believe in hard > stops, and > use them, but in situations like this, you are at the mercy of the > market. > > The only warning you had was that BCGI was struggling to get past > its recent > high, and yesterday's long-legged Doji on extremely heavy volume > indicated > that indecision surrounded BCGI. When I see a long-legged Doji, I > usually > exit a position because it often forewarns of a turn in a stock or > index. > > I'm sorry you got hurt on this one. I hope your position was not > excessive. > > Ron > > -----Original Message----- > From: owner-canslim@lists.xmission.com=20 > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Bogatay > Sent: Thursday, July 17, 2003 2:02 PM > To: canslim@lists.xmission.com=20 > Subject: RE: [CANSLIM] BCGI big dip > > > Does the island reversal that kicked off the left side of the cup > have > any implications to canslim? The failed bottoming patterns? (I see > a > failed double bottom transforming into a failed inverse head & > shoulders > bottom) That large spinning top the day before the big drop looks > a bit > ominous as well. > > > I agree with Gene. One of the purposes of hard stops is to remove > emotions from the equation. > > Seems like you are in "hope" mode. Not a good place to be. > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com=20 > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tomas > Sent: Thursday, July 17, 2003 2:47 PM > To: canslim@lists.xmission.com=20 > Subject: Re: [CANSLIM] BCGI big dip > > > Gene, I don't see this as a bad thing. This is > another tuition fee. I look at it is way, I will make > a lot of mistake. It is better to make the mistakes > sooner than later (because I use less money now than > later). I would like to get as much experience and > lesson learn out of this as possible. > > On your second sentence, you are saying that I should > put hard stop or stop limit on all my trades? > > tomas > > --- Gene Ricci wrote: > > Hi Tomas, sorry to hear of your bad luck. I have to > > caution you to not trade with a hard stop of some > > limit or another.... I see it's now down to a 39% > > drop.... when does benign become terminal? > > > > Gene > > > > ----- Original Message ----- > > From: Tomas > > To: canslim canslim > > Sent: Thursday, July 17, 2003 1:28 PM > > Subject: [CANSLIM] BCGI big dip > > > > > > Hi All, > > > > I recently bought BCGI at BO on 07/08 for $18.89. > > Good fundies and good CwH. No real yellow flags > > that > > I can see. Yesterday on after hour trading, it > > went > > down about 33% due to news on a potential lost of > > a > > big customer (51% of revenue). Also, earnings > > release > > yesterday was very good. So, my question is > > should I > > know this coming? Maybe I missed some big warning > > signs. Maybe I should have noticed the active > > insider > > selling the last few months. Another other > > warning > > signs that I would have noticed? Or is this > > something > > that you cannot protect from? I am think there > > should > > be enough warning signs for this king of thing. > > > > Is might be another dumb question, should I just > > sell > > it now (you might be thinking "What! You have not > > sold > > it yet"). Or wait for a few days to see what > > happens > > and maybe I can get some of my loss back? Am I > > just > > been "hopeful when I should be fearful" (ie, sell > > and > > get out ASAP)? > > > > > > Regards, > > tomas > > > > __________________________________ > > Do you Yahoo!? > > SBC Yahoo! DSL - Now only $29.95 per month! > > http://sbc.yahoo.com=20 > > > > - > > -To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > > email. > > > > > __________________________________ > Do you Yahoo!? > SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.yahoo.com=20 > > - > -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. - - - -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: Thu, 17 Jul 2003 13:19:55 -0700 (PDT) From: Tomas Subject: Re: [CANSLIM] BCGI big dip Gene, I agree with you about the hard stops. Just want to point out that for this situation, the stop would not help. tomas - --- Gene Ricci wrote: > Tomas, yes.... a hard stop of some kind.... 7-8% too > tight, use 15 or 20 or 25%.... something. One of the > above would have saved you at least a dollar. > > Ah TUITION.... if you just want proof I have a box > full of 2001 and early 2002 trades that cost me > enough tuition to own the school .... all because I > didn't use the following three rules: > > 1) Always use protective stops when you enter a new > position to limit your theoretical risk on each > trade.... theoretical risk = distance between entry > price and 'open protective stop"... > 2) Use Trailing stops to lock in profits as a trade > moves in your favor > 3) Use 'creeping commitment' to start with a small > position and build to a larger one as your trailing > stop eliminates your risk to initial capital > > My daily routine: let my profits run on any position > until it's: > 1. over-valued > 2. over-owned > 3. stopped out - trailing stop > > It took me a long time (too long) to get the grasp > that it requires a stock to double in price to > recover a 50% loss. AND, after suffering a loss, > where the best place is to recover that loss.... > wait for the stock to recover ... or find a better > stock to buy... > > Gene > > > ----- Original Message ----- > From: Tomas > To: canslim@lists.xmission.com > Sent: Thursday, July 17, 2003 1:46 PM > Subject: Re: [CANSLIM] BCGI big dip > > > Gene, I don't see this as a bad thing. This is > another tuition fee. I look at it is way, I will > make > a lot of mistake. It is better to make the > mistakes > sooner than later (because I use less money now > than > later). I would like to get as much experience > and > lesson learn out of this as possible. > > On your second sentence, you are saying that I > should > put hard stop or stop limit on all my trades? > > tomas > > --- Gene Ricci wrote: > > Hi Tomas, sorry to hear of your bad luck. I have > to > > caution you to not trade with a hard stop of > some > > limit or another.... I see it's now down to a > 39% > > drop.... when does benign become terminal? > > > > Gene > > > > ----- Original Message ----- > > From: Tomas > > To: canslim canslim > > Sent: Thursday, July 17, 2003 1:28 PM > > Subject: [CANSLIM] BCGI big dip > > > > > > Hi All, > > > > I recently bought BCGI at BO on 07/08 for > $18.89. > > Good fundies and good CwH. No real yellow > flags > > that > > I can see. Yesterday on after hour trading, > it > > went > > down about 33% due to news on a potential lost > of > > a > > big customer (51% of revenue). Also, earnings > > release > > yesterday was very good. So, my question is > > should I > > know this coming? Maybe I missed some big > warning > > signs. Maybe I should have noticed the active > > insider > > selling the last few months. Another other > > warning > > signs that I would have noticed? Or is this > > something > > that you cannot protect from? I am think > there > > should > > be enough warning signs for this king of > thing. > > > > Is might be another dumb question, should I > just > > sell > > it now (you might be thinking "What! You have > not > > sold > > it yet"). Or wait for a few days to see what > > happens > > and maybe I can get some of my loss back? Am > I > > just > > been "hopeful when I should be fearful" (ie, > sell > > and > > get out ASAP)? > > > > > > Regards, > > tomas > > > > __________________________________ > > Do you Yahoo!? > > SBC Yahoo! DSL - Now only $29.95 per month! > > http://sbc.yahoo.com > > > > - > > -To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" > or > > -"unsubscribe canslim". Do not use quotes in > your > > email. > > > > > __________________________________ > Do you Yahoo!? > SBC Yahoo! DSL - Now only $29.95 per month! > http://sbc.yahoo.com > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > __________________________________ Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.yahoo.com - - - -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: Thu, 17 Jul 2003 16:27:42 -0400 From: "John Solarno" Subject: [CANSLIM] UTSI What am I missing? Every once in a while I get this forlorn feeling that for all of my = reading and examination, the behavior of the stock market will forever remain a mystery for me. Here's today's example. I got stopped out on UTSI, which at one point today, had shed as much as 15% from its high of 42.10 on Tuesday. (I = had a stop set at 37.) The chart has been a dependable LLUR since March. VectorVest's analysis says the fundamentals are all excellent. And today the company = announced a 75% increase in sales, topping the consensus by 3 cents a share. (See article below.) So my question is: if the chart is great, the fundamentals are great, = and the earnings are great, what's not to like? What am I missing here? = What do the sellers know that I didn't? Is it just the larger market action = putting everyone, even owners of a great stock like UTSI, in a selling mood? John Solarno - --------- D=E9j=E0 vu: UTStarcom sees strong profit=20 WASHINGTON (CBS.MW) - Fueled by steady growth in sales, UTStarcom on Thursday generated a 53 percent increase in second-quarter profit and = lifted its financial forecast for the second time this year. The company said it earned $39.4 million, or 33 cents a share, up from = $25.7 million, or 22 cents, a year ago. That topped the 30-cent consensus = estimate of analysts surveyed by Thomson First Call.=20 The company, which makes switches and software to operate landline and wireless phone networks, posted a 75 percent increase in sales to a = record $405.8 million from $231.5 million a year earlier. Wall Street had been expecting sales of $388 million.=20 Looking ahead, UTStarcom (UTSI: news, chart, profile) boosted its third-quarter and full-year forecast.=20 - - - -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: Thu, 17 Jul 2003 10:39:48 -1000 From: "Roger" Subject: [CANSLIM] HITK This is a multi-part message in MIME format. - ------=_NextPart_000_0005_01C34C4F.BEB0EFE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Wow look what happened to HITK it fell off the table in the last two = days any comments from all. I am sure glad I sold my commitment before = that happened Aloha=20 Roger - ------=_NextPart_000_0005_01C34C4F.BEB0EFE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Wow look what = happened to=20 HITK it fell off the table in the last two days any comments from = all.  I=20 am sure glad I sold my commitment before that = happened
Aloha =
Roger
- ------=_NextPart_000_0005_01C34C4F.BEB0EFE0-- - - - -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: Thu, 17 Jul 2003 16:38:22 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] What works in this market? Pritish: No stats, just personal observations/comment: I asked DGO to put when the company went public in their graphs (they now do) because WON observed that stocks that are less than 8 yrs public are the ones that usually take off. He experienced this; but it also makes sense: A company is not going to go public unless they have something new (in technology or service) to offer. There is just too much labor involved in taking it public (regulations and other govt. oversights). Also, those speculators or investment brokers won't handle a company that's going public unless (it seems to me) there is a good chance it will take off-and there won't be a good chance unless the company has a product or service that is new or innovative. Also, it should be acknowledged that a company over 8 years old might very well now be in the mature stage (ie. not very inviting for someone who wants relatively quick capital gains). jans In a message dated 7/17/2003 12:52:10 PM Eastern Daylight Time, pshah@lason.com writes: << Has anybody else seen such commonalities? If yes, please share. One of WONs recommendation is to consider only buying stocks that are no more than 8 years old and coming out with new products. Pritish >> - - - -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: Thu, 17 Jul 2003 16:56:57 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] UTSI What am I missing? John: To me UTSI also looks nice. This fall could very well be profit taking before a bear hits (the Market has been showing signs of wear lately; it either starts fast and fades or it loses a bit at the beginning and fades faster at the close. On increased volume, I believe.) So, this could be the start of a left side of a C&H for UTSI (on the Weekly DGO, UTSI is only in its 2nd up leg subsequent to a 1st stage base). Also, although it may yet fall through, UTSI hasn't broken its late April up-trendline, which on DGO's Daily has supported the stock three times when it has been hit. Also, it hasn't gone through the 50. (As for your last question: Every stock that goes up, is susceptible to being sold. Especially by those who want to make money in the stock, and don't look at holding the stock as being the end all, but rather just half the accomplishment. To put it more bluntly: If stocks that went up were never sold, then there would be no such thing as a bullish C&H formation.) I sympathize with your disillusioment. Sometimes there really doesn't seem like there's a reason in the stock market (eg. the bull in the late 90's). That's why "trailing stops" and "stop losses" are important. jans In a message dated 7/17/2003 4:28:39 PM Eastern Daylight Time, workvirt@workvirtual.com writes: << The chart has been a dependable LLUR since March. VectorVest's analysis says the fundamentals are all excellent. And today the company announced a 75% increase in sales, topping the consensus by 3 cents a share. (See article below.) So my question is: if the chart is great, the fundamentals are great, and the earnings are great, what's not to like? What am I missing here? What do the sellers know that I didn't? Is it just the larger market action putting everyone, even owners of a great stock like UTSI, in a selling mood? >> - - - -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: Thu, 17 Jul 2003 16:53:59 -0400 From: "Pritish Shah" Subject: RE: [CANSLIM] What works in this market? Katherine, I should add that from all the good CANSLIM candidates, these two rules seem to be working now. For the alerts that I receive from breakoutwatch.com, I have found that most of the time stocks hitting new all-time highs are a better candidate for purchase -- especially for people like me who are not too tuned to the market and chart-reading. Like, currently, I am not even looking for wedges in the charts or other things. BCGI is a clear example. The handle that formed was a weak upward sloping handle (atleast that is what it seems to me). Couple times it fell below 50DMA and found support at 100DMA. Yesterday, there was a huge amount of churn (Long Legged Doji as one canslimer put it). This is all in retrospect. And as you are saying, sometimes the best industry to get into (during sideways market) are industries that are looking more attractive. Medical-Hospitals is an example. It is at the bottom (I believe 190 out of 190 per BoW.c). The only place for Medical-Hospitals to go is UP but when? But the question: which stocks will become leader in the Medical-Hospitals group? Maybe it will be USPI or maybe UHS. I am trying to find out how to narrow down and select a stock from all the alerts I receive from breakoutwatch.com. I saw that all the stocks that are making a good runs are the ones that are hitting all-time highs. ESI alert from BoW.c today is a good example. I got in at 32.99 because I saw that it was making all-time high. That was the only thing I saw besides the industry strength 11/190. It was a successful trade so far. Pritish >>> kmalm@earthlink.net 07/17/03 01:25PM >>> Hi Pritish, My general observation on industry groups is that mining specifically in "top" industry groups misses the move in the leadership in the group itself. This is particularly important during market periods where leadership is changing (sideways markets). That's primarily because the same general monies are staying in the market, but are rotating from one group to another as the underlying attractiveness of that particular group changes. During secular bulls, where more and more money is constantly being pumped into the market (for example, late 90's), the leadership tends not to change as often, so mining only among the top groups isn't as problematic. I view industry action as a means for (1) assessing the overall risk in the group itself based on the action of the current leaders and (2) supplementing a bottoms-up approach to mining which looks first for technical strength in the stock itself, independent of group action. I never use it to restrict my initial pass at candidates. All in all, I consider the most important factor in mining for CANSLIM candidates is to find strength in the stock and in the business itself. These leaders may (and often do) come from industries that have lower rankings, but the action of the leaders *pulls* the remainder of the group along for the ride. This happens even in non-CANSLIM groups such as cyclicals, etc., so it's still up to us to use selection criteria to also find those new leaders that possess the strongest CANSLIM characteristics. Underlying all the fundamental numbers and technical attributes is a company with a growth "story." This company has strong competitive advantage, unique products/services, a fresh perspective on an old market, a knack for translating invested resources into profits, and a management team that does this relentlessly over long periods of time. Sometimes, there is something unique in world events that creates these growth opportunities in a particular industry. For example, the sudden need for heightened security around the world. Sometimes it's something unique about the business itself that drives the change within the industry. For example, the manner in which Home Depot redefined the home improvements retail business or the way MacDonald's created the "technological hamburger" and the fast food industry. That's why newer companies tend to be good CANSLIM candidates. They tend to be fresh faces with a fresh spin on the industry, the markets they serve, the products/services they offer, etc. These also tend to be small to mid-cap companies. That doesn't mean that a big cap company can't possess these characteristics. It happens every now and then when a big behemoth reinvents themselves. There are also times in the market where large cap is favored for it's apparent lower risk and/or for the dividends that often accompany these investment vehicles. Technicals such as high RSRanks or stocks making new highs are simply ways of getting one's eyeballs on the stocks that are showing outperformance to the market. Reading the chart itself gives one a clearer view of price/volume action, reflecting the manner in which the market is perceiving value in the stock. Due diligence lets one determine what makes the business tick and whether it stacks up against the CANSLIM yardstick in a way that is acceptable. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Pritish Shah Sent: Thursday, July 17, 2003 10:48 AM To: canslim@lists.xmission.com Subject: [CANSLIM] What works in this market? I was going through and reviewing all my successful buys and I found the following 1) These are micro to mid cap companies (Notice: none of them were large cap) 2) They are hitting all-time highs (this is becoming a key factor for me to buy anything) Example stocks: TCHC, TARO, APPX, WFSI, ANSI, ESI, FWHT For some odd reason, I was expecting the big winners to be in the top 50 industry sectors. WFSI, AMHC, TCHC etc are examples of such stocks that are not in the top industries. ANSI, APPX, TARO, FWHT, ESI are in the top 20. Has anybody else seen such commonalities? If yes, please share. One of WONs recommendation is to consider only buying stocks that are no more than 8 years old and coming out with new products. Pritish - - - -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. ------------------------------ End of canslim-digest V2 #3433 ****************************** 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.