From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3557 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, August 24 2003 Volume 02 : Number 3557 In this issue: Re: [CANSLIM] MBT RE: [CANSLIM] When to Sit and Wait and when to Sell [CANSLIM] Weekly List of Stocks [CANSLIM] Amateur Investors Weekend Market Analysis Re: [CANSLIM] Weekly List of Stocks [CANSLIM] Fundamental Scanning Re: [CANSLIM] Fundamental Scanning RE: [CANSLIM] When to Sit and Wait and when to Sell RE: [CANSLIM] IPO list service [CANSLIM] Must Reads Re: [CANSLIM] Must Reads [CANSLIM] Tom Worley? ---------------------------------------------------------------------- Date: Sat, 23 Aug 2003 12:35:57 -0400 From: "Dave Wood" Subject: Re: [CANSLIM] MBT This is a multi-part message in MIME format. - ------=_NextPart_000_0027_01C36973.1A15D5E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine, Thank You.=20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 23, 2003 12:11 PM Subject: RE: [CANSLIM] MBT Hi Dave, The 7 week consolidation isn't particularly "ideal". As you noted, the = base itself is a day shy, the handle is a bit short, the volume on the = break above the pivot is on 108% ADV, the volume pattern on the right = side of the cup is low. The guidelines that WON gives for ideal bases = are just that, guidelines. They're primarily designed to help separate = the wheat from the chaff when looking at a lot of charts and deciding on = which stock to pursue. The truth is that while "ideal" bases tend to = have lower risk, breaks from less than ideal bases can and do work. From = a technical perspective, a stock such as MBT on its gap up above the = recent consolidation shows some indication that it may be ready to move = on. On another level, a short base, a break above the consolidation on a = gap up and low volume after a very good rise may also be an indication = that the run is over. I'd personally stay away from something like this = because the signals are mixed. Weekly chart for context: http://www.breakoutwatch.com/katherine/MBT082203Wkly.JPG Daily chart with base notations: http://www.breakoutwatch.com/katherine/MBT082203.JPG Katherine -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Wood Sent: Saturday, August 23, 2003 9:37 AM To: canslim@lists.xmission.com Subject: [CANSLIM] MBT In Monday's IBD, They mention that MBT cleared its 7 week = consolidation. I see a consolidation, but I can not see a pattern. The = correction (63.25-50.56) is 20% which is more than the 15% flat base. If = it is a CWH there are two clear problems:(1) volume during the = consolidation and (2)only a 2 day handle. Am I missong something? Dave - ------=_NextPart_000_0027_01C36973.1A15D5E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine,
 
Thank You.
----- Original Message -----
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com=
Sent: Saturday, August 23, 2003 = 12:11=20 PM
Subject: RE: [CANSLIM] = MBT

Hi Dave,
 
The 7 week consolidation isn't=20 particularly "ideal". As you noted, the base itself is a day shy, the = handle=20 is a bit short, the volume on the break above the pivot is on 108% = ADV, the=20 volume pattern on the right side of the cup is low. The guidelines = that WON=20 gives for ideal bases are just that, guidelines. They're primarily = designed to=20 help separate the wheat from the chaff when looking at a lot of charts = and=20 deciding on which stock to pursue. The truth is that while "ideal" = bases tend=20 to have lower risk, breaks from less than ideal bases can and do work. = From a=20 technical perspective, a stock such as MBT on its gap up above the = recent=20 consolidation shows some indication that it may be ready to move on. = On=20 another level, a short base, a break above the consolidation on a gap = up and=20 low volume after a very good rise may also be an indication that the = run is=20 over. I'd personally stay away from something like this because the = signals=20 are mixed.
 
Weekly chart for = context:
http://= www.breakoutwatch.com/katherine/MBT082203Wkly.JPG
 
Daily chart with base=20 notations:
http://www.= breakoutwatch.com/katherine/MBT082203.JPG
 
Katherine
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave=20 Wood
Sent: Saturday, August 23, 2003 9:37 AM
To: = canslim@lists.xmission.com
Subject: [CANSLIM]=20 MBT

In Monday's IBD, They mention that = MBT cleared=20 its 7 week consolidation. I see a consolidation, but I can not see a = pattern. The correction (63.25-50.56) is 20% which is more than the = 15% flat=20 base. If it is a CWH there are two clear problems:(1) volume during = the=20 consolidation and (2)only a 2 day handle. Am I missong=20 something?
 
Dave
 
- ------=_NextPart_000_0027_01C36973.1A15D5E0-- - - - -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, 23 Aug 2003 12:01:29 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] When to Sit and Wait and when to Sell Hi Yien, Before I make a purchase, I will always have a goal in mind for the particular stock. In some cases, my goal is to make a quick 20-25% and get out. Those adrenalin monies are typically designated specifically for adding oomph to the portfolio. Other stocks have not only a good technical entry point, but more closely match the makings of "a good stock." They are the ones I've typically spent more time with in due diligence and I've ascertained that they have a certain something that sets them apart from the crowd. As long as their action after the breakout is sound and the stock is making steady progress with no sell signals flashing, then I ride them out for what the market is willing to serve up. These stocks that show pleasantly rising trends without a high degree of volatility and extremist momentum action are often the ones that make the very best gains. As long as my reason for owning them is still valid, they stay in the portfolio. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Yien T Lung Sent: Friday, August 22, 2003 1:44 PM To: canslim@lists.xmission.com Subject: [CANSLIM] When to Sit and Wait and when to Sell Hi people, From your experience, what do you guys do to a stock that has BO, but has not moved much or even come back to its original pivot point. I remember Jesse Livermore saying that it was much more profitable to ride on your trade than to cut your gains after a certain percentage gain. In other words, what kind of criterias to look in order to tell if the stock you bought is a winner - so stick with it, or a dog - sell it or even go short? thanks Yien - - - -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: Sat, 23 Aug 2003 14:28:55 -0500 From: "Gene Ricci" Subject: [CANSLIM] Weekly List of Stocks This is a multi-part message in MIME format. - ------=_NextPart_000_05A8_01C36982.E20E9FA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable DanF, why not make your own using the free tools on MSN? I'll be glad to help. Gene Do you still offer your weekly list of candidates? DanF - ------=_NextPart_000_05A8_01C36982.E20E9FA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
DanF,  why=20 not make your own using the free tools on MSN?
 
I'll = be glad to=20 help.
Gene
 
Do you still offer your weekly list of=20 candidates?
 
DanF
- ------=_NextPart_000_05A8_01C36982.E20E9FA0-- - - - -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, 23 Aug 2003 14:53:28 -0500 From: "Gene Ricci" Subject: [CANSLIM] Amateur Investors Weekend Market Analysis This is a multi-part message in MIME format. - ------=_NextPart_000_0042_01C36986.5043F170 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable - ----- Original Message -----=20 From: Amateur Investors=20 To: genr@swbell.net=20 Sent: Saturday, August 23, 2003 10:42 AM Subject: Amateur Investors Weekend Market Analysis Our latest Weekend Market Analysis is at http://www.amateur-investors.com/Weekend_Market_Analysis8_23_03.htm If this link isn't clickable then cut and paste it into your browser to = display the newsletter. Signup today for a "Free" 2 Week Trial Membership and have access to our = Stocks to Watch List and Daily Email Breakout Reports. For more details = click on the link below. =20 http://www.amateur-investors.com/Membership_Page1.htm Amateur-Investors.Com - -------------------------------------------------------------------------= - --- - ------=_NextPart_000_0042_01C36986.5043F170 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
 
----- Original Message -----=20
From: Amateur = Investors=20
Sent: Saturday, August 23, 2003 10:42 AM
Subject: Amateur Investors Weekend Market = Analysis

Our latest Weekend Market Analysis is at
http://www.amateur-investors.com/Weekend_Market_Analysis8_23_03.htm

If=20 this link isn't clickable then cut and paste it into your browser to = display the=20 newsletter.

Signup today for a "Free" 2 Week Trial Membership and = have=20 access to our Stocks to Watch List and Daily Email Breakout = Reports.  For=20 more details click on the link below.
 
http://www= .amateur-investors.com/Membership_Page1.htm

Amateur-Investors.= Com

--------------------------------------------------------------= - --------------
- ------=_NextPart_000_0042_01C36986.5043F170-- - - - -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, 23 Aug 2003 18:05:20 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] Weekly List of Stocks This is a multi-part message in MIME format. - ------=_NextPart_000_0089_01C369A1.1DABDF00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Gene, thanks for the offer. I can handle the scans. I always try to = delegate work first :>) Dan ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Saturday, August 23, 2003 3:28 PM Subject: [CANSLIM] Weekly List of Stocks DanF, why not make your own using the free tools on MSN? I'll be glad to help. Gene Do you still offer your weekly list of candidates? DanF - ------=_NextPart_000_0089_01C369A1.1DABDF00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Gene, thanks for the offer. I can handle the scans. = I always=20 try to delegate work first :>)
 
Dan
----- Original Message -----
From:=20 Gene = Ricci
Sent: Saturday, August 23, 2003 = 3:28=20 PM
Subject: [CANSLIM] Weekly List = of=20 Stocks

DanF,  why=20 not make your own using the free tools on = MSN?
 
I'll be glad to=20 help.
Gene
 
Do you still offer your weekly list of=20 candidates?
 
DanF
<= /HTML> - ------=_NextPart_000_0089_01C369A1.1DABDF00-- - - - -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, 23 Aug 2003 19:03:54 -0400 From: "Steve Goodwin" Subject: [CANSLIM] Fundamental Scanning This is a multi-part message in MIME format. - ------=_NextPart_000_0081_01C369A9.4C45D3E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable All, I know some of you scan for CANSLIM technicals first and others start = with fundamentals. I am just wondering what fundamental scanners you = all use when you start from the fundamental side of things? I have = worked with TC2K but in reality it is really only a TA scanner as their = fundamental data is extremely misleading. IBD has a decent scanner and = SOME what I consider decent fundamental data. (daily graphs options for = $1000/yr) =20 I am trying to use other services fundamentals that I trust, like = Zack's, yahoo!finance, breakoutwatch.com or a combination thereof. All = these are fine for manual scanning, but slow from a fundamental scan 1st = process. =20 What is your favorite fundamental scanner? Free or otherwise, and why? - - S sgoodwin@cfl.rr.com SOA ... "The ability of a company to respond quickly and efficiently to = change and to leverage change for a competitive advantage." - Jason = Bloomberg - ------=_NextPart_000_0081_01C369A9.4C45D3E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
All,
 
I know some of you scan for CANSLIM = technicals=20 first and others start with fundamentals.  I am just wondering = what=20 fundamental scanners you all use when you start from the fundamental = side of=20 things?  I have worked with TC2K but in reality it is really only a = TA=20 scanner as their fundamental data is extremely misleading.  = IBD has a=20 decent scanner and SOME what I consider decent fundamental = data. (daily=20 graphs options for $1000/yr) 
 
I am trying to use other services = fundamentals that=20 I trust, like Zack's, yahoo!finance, breakoutwatch.com or a combination=20 thereof.   All these are fine for manual scanning, but slow = from a=20 fundamental scan 1st process. 
 
What is your favorite fundamental = scanner? =20 Free or otherwise, and why?
 
- S
sgoodwin@cfl.rr.com
 
SOA ... "The ability of a company to = respond=20 quickly and efficiently to change and to leverage change for a = competitive=20 advantage." - Jason Bloomberg
- ------=_NextPart_000_0081_01C369A9.4C45D3E0-- - - - -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, 23 Aug 2003 19:28:06 EDT From: Chazmoore@aol.com Subject: Re: [CANSLIM] Fundamental Scanning - --part1_60.3438aa5f.2c795286_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Hi Steve: For what it is worth each Saturday I download from DGO their report of stocks within 5% of their 52 week high and then sort for EPS 85, RS, 85, SMR&A/D no D or E, Composite Rating of 85 or better, and finally ADV of at least 50,000. This gives me about 100 stocks, many of which are on the IBD 100. I delete those that I don't like, for example gold stocks or other commodity stocks. I then follow this watch list on streaming real time quotes looking for breakouts on volume of 150%. Works pretty good. I get one or two daily, although towards the end of the week the data starts to grow whiskers. Charley - --part1_60.3438aa5f.2c795286_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Hi Steve:
For what it is worth each Saturday I download from DGO their report of s= tocks within 5% of their 52 week high and then sort for EPS 85, RS, 85, SMR&= amp;A/D no D or E, Composite Rating of 85 or better, and finally ADV of at l= east 50,000. This gives me about 100 stocks, many of which are on the IBD 10= 0. I delete those that I don't like, for example gold stocks or other commod= ity stocks.
I then follow this watch list on streaming real time quotes looking for=20= breakouts on volume of 150%. Works pretty good. I get one or two daily, alth= ough towards the end of the week the data starts to grow whiskers.

Charley - --part1_60.3438aa5f.2c795286_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, 24 Aug 2003 00:05:12 -0400 From: "Lung Yien The" Subject: RE: [CANSLIM] When to Sit and Wait and when to Sell Thanks Katherine, I am going to revise HTMMIS again on this subject. On the the subject, is there any other technical signals that you like to use in order to confirm your feelings about the stock? yien - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Saturday, August 23, 2003 1:01 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] When to Sit and Wait and when to Sell Hi Yien, Before I make a purchase, I will always have a goal in mind for the particular stock. In some cases, my goal is to make a quick 20-25% and get out. Those adrenalin monies are typically designated specifically for adding oomph to the portfolio. Other stocks have not only a good technical entry point, but more closely match the makings of "a good stock." They are the ones I've typically spent more time with in due diligence and I've ascertained that they have a certain something that sets them apart from the crowd. As long as their action after the breakout is sound and the stock is making steady progress with no sell signals flashing, then I ride them out for what the market is willing to serve up. These stocks that show pleasantly rising trends without a high degree of volatility and extremist momentum action are often the ones that make the very best gains. As long as my reason for owning them is still valid, they stay in the portfolio. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Yien T Lung Sent: Friday, August 22, 2003 1:44 PM To: canslim@lists.xmission.com Subject: [CANSLIM] When to Sit and Wait and when to Sell Hi people, >From your experience, what do you guys do to a stock that has BO, but >has not moved much or even come back to its original pivot point. I remember Jesse Livermore saying that it was much more profitable to ride on your trade than to cut your gains after a certain percentage gain. In other words, what kind of criterias to look in order to tell if the stock you bought is a winner - so stick with it, or a dog - sell it or even go short? thanks Yien - - - -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, 21 Aug 2003 21:39:25 -0700 From: "Harold Josephson" Subject: RE: [CANSLIM] IPO list service I was looking for an easily compiled list of all IPO's over the past 8-years. I have since found a way to get close using TC2000 Harold Josephson Tel: 323.850.1333 Fax: 323.512.8968 hj@hjosephson.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Kent Norman Sent: Thursday, August 21, 2003 7:12 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] IPO list service A few days ago someone had asked for a source of IPO announcements. I could not remeber my source, so I waited till the next one arrived. It is free. KNOW AN INVESTOR WHO WANTS "IPO Update"? Just tell them to visit http://communication.hoovers.com/cgi-bin13/DM/y/eRRA0LDzXC0Bk10CfJ0A1 Regards Kent Norman ===== An IDEA is a dangerous thing when it is the only one you have. __________________________________ Do you Yahoo!? Yahoo! SiteBuilder - Free, easy-to-use web site design software http://sitebuilder.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. ------------------------------ Date: Sun, 24 Aug 2003 11:05:51 -0500 From: "Gene Ricci" Subject: [CANSLIM] Must Reads This is a multi-part message in MIME format. - ------=_NextPart_000_031D_01C36A2F.AE1254F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable If you were to make a list of 5 books for a new investor to read, what = would they be and why?=20 Many thanks in advance, Gene - ------=_NextPart_000_031D_01C36A2F.AE1254F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
If you were to make a list of 5 books = for a new=20 investor to read, what would they be and why?
 
Many thanks in advance,
Gene
- ------=_NextPart_000_031D_01C36A2F.AE1254F0-- - - - -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, 24 Aug 2003 11:09:49 -0500 From: "Norman Boyd" Subject: Re: [CANSLIM] Must Reads This is a multi-part message in MIME format. - ------=_NextPart_000_0152_01C36A30.3BC84160 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Me thinks this question is asked so much that it deserves entry into the "Jeff's CANSLIM list" hall of fame. Or, maybe just add a few of the more often mentioned selections to the list FAQ. Norm ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Sunday, August 24, 2003 11:05 AM Subject: [CANSLIM] Must Reads If you were to make a list of 5 books for a new investor to read, what would they be and why? Many thanks in advance, Gene - ------=_NextPart_000_0152_01C36A30.3BC84160 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Me thinks this question is asked so much that it deserves entry = into the=20 "Jeff's CANSLIM list" hall of fame.  Or, maybe just add a few of = the more=20 often mentioned selections to the list FAQ.
 
Norm
----- Original Message -----
From:=20 Gene = Ricci
Sent: Sunday, August 24, 2003 = 11:05=20 AM
Subject: [CANSLIM] Must = Reads

If you were to make a list of 5 = books for a=20 new investor to read, what would they be and why?
 
Many thanks in advance,
Gene
- ------=_NextPart_000_0152_01C36A30.3BC84160-- - - - -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, 24 Aug 2003 12:41:57 -0400 From: "Dan Forant" Subject: [CANSLIM] Tom Worley? This is a multi-part message in MIME format. - ------=_NextPart_000_002B_01C36A3D.1AD8A1E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Is Tom Worley still a list member? Dan - ------=_NextPart_000_002B_01C36A3D.1AD8A1E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Is Tom Worley still a list member?
 
Dan
- ------=_NextPart_000_002B_01C36A3D.1AD8A1E0-- - - - -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 #3557 ****************************** 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.