From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3434 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 Friday, July 18 2003 Volume 02 : Number 3434 In this issue: [CANSLIM] 2002 Winners Re: [CANSLIM] UTSI What am I missing? [CANSLIM] Money Mgmt Across All Investments Re: [CANSLIM] UTSI What am I missing? Re: [CANSLIM] Mindset comment - was BCGI big dip Re: [CANSLIM] Mindset comment - was BCGI big dip [CANSLIM] How to read CANSLIM Archive RE: [CANSLIM] How to read CANSLIM Archive Re: [CANSLIM] Low Volume Pullback Below Pivot Re: [CANSLIM] Low Volume Pullback Below Pivot RE: [CANSLIM] Low Volume Pullback Below Pivot [CANSLIM] Three more failures -- lessons from it. [CANSLIM] Web cast with investment guru William O'Neil Re: [CANSLIM] Web cast with investment guru William O'Neil RE: [CANSLIM] Low Volume Pullback Below Pivot RE: [CANSLIM] Low Volume Pullback Below Pivot ---------------------------------------------------------------------- Date: Thu, 17 Jul 2003 18:04:17 -0400 (EDT) From: Jamie Ans Subject: [CANSLIM] 2002 Winners Hello there, I think I'm emailing David Cameron. I'm new to the discussion room and I'm wondering if any of you can point out winning stocks that were followed using CANSLIM in 2002? I'd like to get a look at the chart patterns that lead to the purchase of these stocks. Any info would be great. Thanks. Jamie Ans --- Dave Cameron wrote: > Actually, Patrick makes a good point. I agree that > the 3rd is the > weakest of the three. > > The best is the initial "Market Wizards". "The New > Market Wizards" > runs a close second. I'd get Van Tharp's book > before moving on to > book #3. > > --- Patrick Wahl wrote: > > > > > > On 16 Jul 2003 at 14:02, David Taggart wrote: > > > > > All three Market Wizard books are excellent I > dont know of a good > > trader > > > that doesnt reccomend them. You can get all 3 > in paperback for > > like 15 a > > > book. > > > > (this is a repeat of what I said a couple years > ago, but probably a > > new > > person or two on the list since then ) > > > > I liked the first two, by the third one, Stock > Market Wizards, I > > found it was > > getting very familiar and I didn't get anything > out of it. People > > talk > > primarily about general investing rules - cut your > losses, don't > > take a big > > loss, the stuff that was discussed in the first > two. One of the > > guys he > > interviewed, if I remember correctly, uses a few > patterns, but not > > only > > would this stiff not describe the patterns, he > would not give out > > the names > > he has for the patterns for fear of misleading > people. > > > > - > > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. > > > ===== > Dave Cameron > dfcameron@yahoo.com > > __________________________________ > 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. ______________________________________________________________________ Post your free ad now! http://personals.yahoo.ca - - - -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 18:36:54 -0600 From: "Rolf Hertenstein" Subject: Re: [CANSLIM] UTSI What am I missing? I'll try some of my (hopefully improving) chart reading skills. I don't think this is a LLUR. To me it looks like a flat base since Oct 2002 that broke above its pivot on May 13. And then it had about a 60% run in just over 2 months. It seems like a rapid run up like this is more susceptible to a correction than something that climbs 60% over a year or so, especially given the less-than-happy market this week. I'm slowly learning to be numb to the market, and try to keep chanting: "The market won't do what I want it to do, it'll do what it'll do". I sometimes substitute 'what I want it to do' with 'what I think it should do'. It's been one of my harder lessons to learn. Rolf - ----- Original Message ----- From: "John Solarno" The chart has been a dependable LLUR since March. - - - -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 21:45:19 -0500 From: "Gene Ricci" Subject: [CANSLIM] Money Mgmt Across All Investments This is a multi-part message in MIME format. - ------=_NextPart_000_007A_01C34CAC.B79B25B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Saw this in last night's Market Commentary by Charles Richards. He = manages mutual funds !!! Gene Remember, small losses are not bad. The goal is to have two or three GOOD trades out of every 10, letting the profits run and run and run, and to cut your losses on the seven or eight other trades as soon as it becomes evident this one isn't going to be a world-beater. You're OK as long as you MANAGE those seven or eight losses that you certainly are going to have out of every 10 trades. Keep reminding yourself, "GETTING OUT WITH A SMALL LOSS IS OK!" - ------=_NextPart_000_007A_01C34CAC.B79B25B0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Saw this in last night's Market Commentary by = Charles=20 Richards. He manages mutual funds !!!
 
Gene
 
Remember, = small losses=20 are not bad. The goal is to have two or
three GOOD trades out of = every 10,=20 letting the profits run and
run and run, and to cut your losses on = the seven=20 or eight other
trades as soon as it becomes evident this one isn't = going to=20 be a
world-beater.

You're OK as long as you MANAGE those seven = or=20 eight losses
that you certainly are going to have out of every 10=20 trades.

Keep reminding yourself, "GETTING OUT WITH A SMALL = LOSS
IS=20 OK!"
- ------=_NextPart_000_007A_01C34CAC.B79B25B0-- - - - -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 21:38:15 -0500 From: "Maria McAdams" Subject: Re: [CANSLIM] UTSI What am I missing? > 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 [cup and handle] 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. - - - -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 20:53:56 -0700 (PDT) From: Fanus Subject: Re: [CANSLIM] Mindset comment - was BCGI big dip Tomas I can't really add anything to to all the other replies, but I want to say something about your comment that you consider this tuition fee. I agree in this instance you couldn't have done much, but be careful to get into the mindset of writing all losses off as tuition. I have done the same thing for a long time and got used to losses because I am still "learning". After a while I realize this is fine to be learning, but I am not trading to learn. I am doing it to make money. Once I changed my mindset, losses started to hurt a lot more and I am now much more vigilant with all my positions. You'd be surprised the difference a change in mindset can do to your trading account. Best Regards - - Fanus - --- Tomas wrote: > 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 21:39:53 -0700 (PDT) From: Tomas Subject: Re: [CANSLIM] Mindset comment - was BCGI big dip Thanks for the advice Fanus. - --- Fanus wrote: > Tomas > > I can't really add anything to to all the other > replies, but I want to say something about your > comment that you consider this tuition fee. I agree > in > this instance you couldn't have done much, but be > careful to get into the mindset of writing all > losses > off as tuition. I have done the same thing for a > long > time and got used to losses because I am still > "learning". After a while I realize this is fine to > be learning, but I am not trading to learn. I am > doing > it to make money. Once I changed my mindset, losses > started to hurt a lot more and I am now much more > vigilant with all my positions. You'd be surprised > the difference a change in mindset can do to your > trading account. > > Best Regards > - Fanus > > --- Tomas wrote: > > 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. __________________________________ 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: Fri, 18 Jul 2003 08:17:56 -0400 From: Hong Hsu Subject: [CANSLIM] How to read CANSLIM Archive Hi, I like to read and search a Subject from the CANSLIM Archive. I went to http://www.xmission.com/~mcjathan/canslim/search.html and typed in a text, say INTV, click Search button. It returns a cig file for me! Does anyone know how to read past archive? Thanks, - -Hong - - - -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: Fri, 18 Jul 2003 07:29:46 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] How to read CANSLIM Archive Hi Hong, To my knowledge the list archive search feature is not functional. Here are instructions for reviewing the archives. You can use a text search once you've downloaded or viewed a date from within the browser: - --Katherine Here are the two ways to access the archives: 1. The best way is to use your web browser. To browse the archives, point your browser to: ftp://ftp.xmission.com/pub/lists/canslim/archive/ 2. (Not as convenient) via email: Send an email to majordomo@xmission.com with the following as the body of your message: "index canslim". Then send a follow up email to request an old email from either the "archive" or "latest" directory. Note that your request must be in the body of your email. For example: "get canslim latest/001" will retrieve file "001" from the "latest" directory. "get canslim archive/v01.n066" will retrieve file "v01.n066" from the "archive" dir. Best Regards, Jeff Salisbury - CANSLIM list owner/admin - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Hong Hsu Sent: Friday, July 18, 2003 6:18 AM To: canslim@lists.xmission.com Subject: [CANSLIM] How to read CANSLIM Archive Hi, I like to read and search a Subject from the CANSLIM Archive. I went to http://www.xmission.com/~mcjathan/canslim/search.html and typed in a text, say INTV, click Search button. It returns a cig file for me! Does anyone know how to read past archive? Thanks, - -Hong - - - -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: Fri, 18 Jul 2003 06:23:02 -0700 From: "John Calkins" Subject: Re: [CANSLIM] Low Volume Pullback Below Pivot I purchacesd BE just above the pivot on Tuesday. It had pulled back on low volume right away to my 7% mental stop and is sitting there. Again, I will sell if it falls below it, but this low volume has me hoping (again). Any thoughts? I don't mind a low volume pullback to the pivot. I get a little lost in this grey area between the pivot an the stop loss. JC - - - -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: Fri, 18 Jul 2003 10:23:05 EDT From: Davellil5@aol.com Subject: Re: [CANSLIM] Low Volume Pullback Below Pivot What pivot last Tuesday on BE? Seems to me that BE broke out late April, early May, without bothering to form a handle. There has been no secondary base since then that lasted the 7-8 weeks suggested by WON as a minimum. The question of buying a stock post-breakout should interest CANSLIM-ers as we so often become aware of a stock only after it has broken out and is over the 5% "chase-limit" suggested by WON. 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: Fri, 18 Jul 2003 11:23:09 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] Low Volume Pullback Below Pivot Hi Dave & John, Here's how I see BE's chart. In all cases, the basing formation is a bottoming base, which requires more interpretive action than do bases formed after long uptrends. Here is BE 5/23/03. The problem is not with the base itself, but with the severely laggard RSRank of 35: http://www.breakoutwatch.com/katherine/BE052303.JPG Here is BE 6/23/03. It's continued to climb up and now has a non-laggard RSRank = 75, but it never had a convincing move above the pivot at 10.80 (set 6/16). That is usually an indication that the stock is still building the RHS of the base, rising and falling and potentially setting a fresh pivot. http://www.breakoutwatch.com/katherine/BE062303.JPG Here is BE as of today. The lack of a convincing move above the previous pivot set a fresh pivot at 11.04 (set 7/15/03), but the base itself has some problems, particularly a lack of convincing volume build up on the RHS. http://www.breakoutwatch.com/katherine/BE071803.JPG While BE provided entry points closer to its bottom, I don't think it's provided a comfortable CANSLIM intermediate/term entry point just yet. Entries on pullbacks would then be a riskier venture, though highly do-able. If willing to take on the risk, I would look to the general price action itself to find a pullback entry much closer to the bottom of a logical support area if entering while the stock's still forming a more convincing RHS. If the market rolls over, then an entry here makes it easier to determine if the stock is going to roll over by itself or in response to generally weak market action. http://www.breakoutwatch.com/katherine/BEFallZone.JPG Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Davellil5@aol.com Sent: Friday, July 18, 2003 8:23 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Low Volume Pullback Below Pivot What pivot last Tuesday on BE? Seems to me that BE broke out late April, early May, without bothering to form a handle. There has been no secondary base since then that lasted the 7-8 weeks suggested by WON as a minimum. The question of buying a stock post-breakout should interest CANSLIM-ers as we so often become aware of a stock only after it has broken out and is over the 5% "chase-limit" suggested by WON. 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. - - - -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: Fri, 18 Jul 2003 12:50:00 -0400 From: "Pritish Shah" Subject: [CANSLIM] Three more failures -- lessons from it. Sold at losses. DG @ 5%, CKP @ 8%, HELX @ 8% CKP: Upward sloping handle DG: No downward sloping handle. Declining RS during cup and handle. HELX: Wrong entry point -- purchase should have been around $14 to $14.7. = Good fundamentals. Good stock to keep an eye on.=20 Any opinions or counter opinions? 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: Sat, 19 Jul 2003 06:52:47 +1200 From: "Dean Edwards" Subject: [CANSLIM] Web cast with investment guru William O'Neil This is a multi-part message in MIME format. - ------=_NextPart_000_0078_01C34DC2.5D1F1C60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Did anyone view the web cast July 17, 2003, at 7 p.m. ET. I can't access = the archives=20 http://invite.mshow.com/findshow.asp Did he have anything interesting to = say? William O'Neil is the chairman and founder of Investor's Business = Daily(R), which is considered by many the premier source of research for = individual investors. His analysis of winning stocks revealed seven = characteristics, which have become the basis of his now famous investing = strategy, CAN SLIM(TM). Mr. O'Neil will be talking about his CAN SLIM = system and how to apply it to your own investments. Plus, you'll have = the opportunity to submit questions to Mr. - ------=_NextPart_000_0078_01C34DC2.5D1F1C60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Did anyone view the web cast July 17, = 2003, at 7=20 p.m. ET. I can't access the archives
http://invite.mshow.com/fin= dshow.asp Did=20 he have anything interesting to say?
 
 
William O'Neil is the chairman and founder of = Investor's=20 Business Daily(R), which is considered by many the premier source of = research=20 for individual investors. His analysis of winning stocks revealed seven=20 characteristics, which have become the basis of his now famous investing = strategy, CAN SLIM(TM). Mr. O'Neil will be talking = about his CAN=20 SLIM system and how to apply it to your own investments. Plus, you'll = have the=20 opportunity to submit questions to Mr.=20
- ------=_NextPart_000_0078_01C34DC2.5D1F1C60-- - - - -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: Fri, 18 Jul 2003 15:04:37 -0400 From: "Steve Goodwin" Subject: Re: [CANSLIM] Web cast with investment guru William O'Neil This is a multi-part message in MIME format. - ------=_NextPart_000_0126_01C34D3D.E79C4D70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable "The show that you are attempting to access has already completed. = An archive of this show is being prepared and will be available shortly. = Please try back later to view the archive at your convenience." Didn't see it myself. Just got msg response above back when = attempting to view archive.=20 =20 - - S ----- Original Message -----=20 From: Dean Edwards=20 To: canslim@lists.xmission.com=20 Sent: Friday, July 18, 2003 2:52 PM Subject: [CANSLIM] Web cast with investment guru William O'Neil Did anyone view the web cast July 17, 2003, at 7 p.m. ET. I can't = access the archives=20 http://invite.mshow.com/findshow.asp Did he have anything interesting = to say? William O'Neil is the chairman and founder of Investor's Business = Daily(R), which is considered by many the premier source of research for = individual investors. His analysis of winning stocks revealed seven = characteristics, which have become the basis of his now famous investing = strategy, CAN SLIM(TM). Mr. O'Neil will be talking about his CAN SLIM = system and how to apply it to your own investments. Plus, you'll have = the opportunity to submit questions to Mr.=20 - ------=_NextPart_000_0126_01C34D3D.E79C4D70 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
"The show that you are attempting to access has = already=20 completed. An archive of this show is being prepared and will be = available=20 shortly. Please try back later to view the archive at your=20 convenience."
 
Didn't see it = myself.  Just=20 got msg response above back when attempting to view=20 archive.

- S
----- Original Message -----
From:=20 Dean = Edwards=20
Sent: Friday, July 18, 2003 = 2:52 PM
Subject: [CANSLIM] Web cast = with=20 investment guru William O'Neil

Did anyone view the web cast July 17, = 2003, at 7=20 p.m. ET. I can't access the archives
http://invite.mshow.com/fin= dshow.asp Did=20 he have anything interesting to say?
 
 
William O'Neil is the chairman and founder = of=20 Investor's Business Daily(R), which is considered by many the premier = source=20 of research for individual investors. His analysis of winning stocks = revealed=20 seven characteristics, which have become the basis of his now famous = investing=20 strategy, CAN SLIM(TM). Mr. O'Neil will be talking = about his CAN=20 SLIM system and how to apply it to your own investments. Plus, you'll = have the=20 opportunity to submit questions to Mr.=20
- ------=_NextPart_000_0126_01C34D3D.E79C4D70-- - - - -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: Fri, 18 Jul 2003 12:41:25 -0700 (PDT) From: Marc Deiter Subject: RE: [CANSLIM] Low Volume Pullback Below Pivot Thanks Katherine. Why would May 30th not be considered a breakout? The stock passed the pivot of 9.23 on 2x average daily volume? Then during the next 2 weeks the price comes down close to the pivot point before gradually moving up. On 5/27 and 5/28 the intra-day high's were above the pivot, but the closing price was below 9.23. Does this "dis-qualify" 9.23 as a pivot point? Thanks, Marc - --- Katherine Malm wrote: > Hi Dave & John, > > Here's how I see BE's chart. In all cases, the basing formation is > a > bottoming base, which requires more interpretive action than do > bases formed > after long uptrends. > > Here is BE 5/23/03. The problem is not with the base itself, but > with the > severely laggard RSRank of 35: > > http://www.breakoutwatch.com/katherine/BE052303.JPG > > Here is BE 6/23/03. It's continued to climb up and now has a > non-laggard > RSRank = 75, but it never had a convincing move above the pivot at > 10.80 > (set 6/16). That is usually an indication that the stock is still > building > the RHS of the base, rising and falling and potentially setting a > fresh > pivot. > > http://www.breakoutwatch.com/katherine/BE062303.JPG > > Here is BE as of today. The lack of a convincing move above the > previous > pivot set a fresh pivot at 11.04 (set 7/15/03), but the base itself > has some > problems, particularly a lack of convincing volume build up on the > RHS. > > http://www.breakoutwatch.com/katherine/BE071803.JPG > > While BE provided entry points closer to its bottom, I don't think > it's > provided a comfortable CANSLIM intermediate/term entry point just > yet. > Entries on pullbacks would then be a riskier venture, though highly > do-able. > If willing to take on the risk, I would look to the general price > action > itself to find a pullback entry much closer to the bottom of a > logical > support area if entering while the stock's still forming a more > convincing > RHS. If the market rolls over, then an entry here makes it easier > to > determine if the stock is going to roll over by itself or in > response to > generally weak market action. > > http://www.breakoutwatch.com/katherine/BEFallZone.JPG > > Katherine > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of > Davellil5@aol.com > Sent: Friday, July 18, 2003 8:23 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Low Volume Pullback Below Pivot > > > What pivot last Tuesday on BE? > > Seems to me that BE broke out late April, early May, without > bothering to > form a handle. > > There has been no secondary base since then that lasted the 7-8 > weeks > suggested by WON as a minimum. > > The question of buying a stock post-breakout should interest > CANSLIM-ers as > we so often become aware of a stock only after it has broken out > and is over > the 5% "chase-limit" suggested by WON. > > 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. > > > > - > -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: Fri, 18 Jul 2003 15:26:57 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] Low Volume Pullback Below Pivot Hi Marc, While 5/30 represents a valid breakout, my original point was that the stock's low RSRank would have knocked it out of the running as a CANSLIM candidate. The RSRank on 5/23 where I showed the base setting up was a lowly (and laggard) 35. By 5/29, the RSRank had increased to a still laggard 61. While from a technical standpoint, stocks can break out of bases with any RSRank, one would have to essentially throw out the RSRank as a means of mining for candidates or be willing to drop quite low into laggard territory. This would essentially violate the spirit of the methodology which suggests that one look for outperformance to the market. I'm the first to admit the the RSRank has all kinds of problems and I always begin mining far lower than do most CANSLIMers (I start at 60, but like to see it nearer to 70 by breakout). The problem is, if 61 is OK (as in the BE example, or in a TALX example I posted recently where the RS was 53 when it made its original move), then why not 55 or 45 or 35 or 25 or 15? Where do you stop if you're a CANSLIMer? Short of throwing it out completely, there is no "right" solution. My original comment then holds, that BE's original bottoming base prior to the 5/30 breakout would not have presented a valid CANSLIM entry. I think the biggest challenge with CANSLIM is to know and understand the limitations of each indicator and guideline and then decide which *must* be included in a sound investing methodology. I think that one could easily argue away just about any or all of the CANSLIM guidelines including the RSRank requirement because there will always be exceptions. But what we're left with is a big void, no methodology, no guidelines and no place to start. That pretty much puts us back at ground zero, reviewing and considering a purchase of any of 10000 stocks on each and every trading day. Or worse, it lets us "rationalize" the purchase of an underperforming stock, only to see it plummet into oblivion. It's easy to look back at a BE example and say "see, this worked despite the RSRank" and I would happily agree, however, for evey BE or TALX, there are 30 more like ENE or WCOM. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Marc Deiter Sent: Friday, July 18, 2003 1:41 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Low Volume Pullback Below Pivot Thanks Katherine. Why would May 30th not be considered a breakout? The stock passed the pivot of 9.23 on 2x average daily volume? Then during the next 2 weeks the price comes down close to the pivot point before gradually moving up. On 5/27 and 5/28 the intra-day high's were above the pivot, but the closing price was below 9.23. Does this "dis-qualify" 9.23 as a pivot point? Thanks, Marc - --- Katherine Malm wrote: > Hi Dave & John, > > Here's how I see BE's chart. In all cases, the basing formation is > a > bottoming base, which requires more interpretive action than do > bases formed > after long uptrends. > > Here is BE 5/23/03. The problem is not with the base itself, but > with the > severely laggard RSRank of 35: > > http://www.breakoutwatch.com/katherine/BE052303.JPG > > Here is BE 6/23/03. It's continued to climb up and now has a > non-laggard > RSRank = 75, but it never had a convincing move above the pivot at > 10.80 > (set 6/16). That is usually an indication that the stock is still > building > the RHS of the base, rising and falling and potentially setting a > fresh > pivot. > > http://www.breakoutwatch.com/katherine/BE062303.JPG > > Here is BE as of today. The lack of a convincing move above the > previous > pivot set a fresh pivot at 11.04 (set 7/15/03), but the base itself > has some > problems, particularly a lack of convincing volume build up on the > RHS. > > http://www.breakoutwatch.com/katherine/BE071803.JPG > > While BE provided entry points closer to its bottom, I don't think > it's > provided a comfortable CANSLIM intermediate/term entry point just > yet. > Entries on pullbacks would then be a riskier venture, though highly > do-able. > If willing to take on the risk, I would look to the general price > action > itself to find a pullback entry much closer to the bottom of a > logical > support area if entering while the stock's still forming a more > convincing > RHS. If the market rolls over, then an entry here makes it easier > to > determine if the stock is going to roll over by itself or in > response to > generally weak market action. > > http://www.breakoutwatch.com/katherine/BEFallZone.JPG > > Katherine > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of > Davellil5@aol.com > Sent: Friday, July 18, 2003 8:23 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Low Volume Pullback Below Pivot > > > What pivot last Tuesday on BE? > > Seems to me that BE broke out late April, early May, without > bothering to > form a handle. > > There has been no secondary base since then that lasted the 7-8 > weeks > suggested by WON as a minimum. > > The question of buying a stock post-breakout should interest > CANSLIM-ers as > we so often become aware of a stock only after it has broken out > and is over > the 5% "chase-limit" suggested by WON. > > 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. > > > > - > -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 #3434 ****************************** 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.