From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #384 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 Monday, September 14 1998 Volume 02 : Number 384 In this issue: [CANSLIM] Peter Lynch [CANSLIM] Part One - Group Strength; Part Two - NonCANSLIM Re: [CANSLIM] Part One - Group Strength; Part Two - NonCANSLIM [CANSLIM] Where can I get Beta on stocks? Re: [CANSLIM] Part One - Group Strength; Part Two - NonCANSLIM Re: [CANSLIM] Part One - Group Strength; Part Two - NonCANSLIM Re: [CANSLIM] Part One - Group Strength; Part Two - NonCANSLIM Re: [CANSLIM] Part One - Group Strength; Part Two - NonCANSLIM Re: [CANSLIM] Part One - Group Strength; Part Two - NonCANSLIM [CANSLIM] Breakout in AVEI ---------------------------------------------------------------------- Date: Sun, 13 Sep 1998 13:58:33 PDT From: "S Menon" Subject: [CANSLIM] Peter Lynch Thought some of you might be interested... http://www.kentuckyconnect.com/heraldleader/news/091398/b1facts.shtml ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - - ------------------------------ Date: Sun, 13 Sep 1998 18:29:48 -0400 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] Part One - Group Strength; Part Two - NonCANSLIM Tom, you wrote: > While he incorporates a lot of technical approach, he also uses fundies and "news" in > assessing "M". I try to do the same. I recently noticed WON commenting on "news" in attempting to "context" the potential for a failed follow through day in early August. First I'd heard him mention such "noise", with the exception of the monumental events that turned markets past. In a recent IBD article, he stated that the follow through days were suspect because the were precipitated by "news". This particularly hit home with me because I have not, for a year or more, bought a stock that has broken out on "news". Don't trust that type of breakout anymore after having been burned on "news" generated moves in the past. And now, my "M" interpretation will endeavor to "context" a follow through day as suggested by WON's recent IBD article. But that will be the limit of my willingness to let "news" affect the way I trade. Now, I know you use "news" in assessing "M", but yours is an everday, almost minute by minute approach. Fair? Or are you suggesting that your efforts at assessing "M" or more along the "event" driven, turning point variety seemingly viewed in hindsight by WON (with the exception of "contexting" a follow through day). And if you believe WON assesses "M" using "news" on a minute by minute, or day by day approach, please share with us the source of your comment quoted above. Perhaps those members who attended this weekends WON seminar could let us know whether Mr. O'Neill mentioned the "news" in any way shape or form. Thanks in advance, Tom. Jw - - ------------------------------ Date: Mon, 14 Sep 1998 05:57:06 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Part One - Group Strength; Part Two - NonCANSLIM Jeffry, I suspect that I have a much stronger "economics" bent than does WON. Certainly I remain more concerned with day to day events, such as economics reports being released, than does WON. This stems in large part from my background as a broker. When I had several hundred clients, I was dealing every day with buy, sell and hold decisions. Not a day went by without at least a few clients asking these questions on a particular stock. In many cases, the client was going to buy or sell, was just a question of whether it would be that morning or afternoon or the next day or so. Thus, it was not sufficient for me to simply be in touch with the overall "M", I also had to be aware of news and other influences that could change the price of a single stock on a very short term basis. I also try to assess whether a favorable investing environment can continue, or an unfavorable one is nearing an end, which may be triggered by a "news event". I don't make investing decisions on this, just try to have the knowledge in my head. For example, right now all that has been sustaining the US mkts is domestic consumer spending, which has been exceeding comsumer income growth for some time until last month. Thus, spending was either being done on credit or using other funds, such as profits from the mkt. And consumer willingness to spend had a lot to do with their confidence in continued growth in the mkt. Confidence fell last month, as did spending. One month does not establish a trend, but is a red flag for me. I suspect consumer confidence will remain weak, in part because of Zippergate along with all the other global economic reasons. So the consumer income and spending reports takes on added significance for me. I view these the same way as I would a company's qtrly sales dropping. On the other hand, to the degree that any news, be it on a single stock, an industry group, or the market at large, will be evenually factored in, then even WON is considering the effects of news when he "looks back" from a technical standpoint. On individual stocks, the only news driven "breakout" that I will trust is where a company initiates (or greatly increases) its dividend. I have found this to be a reliable "insider" indication of future profit growth and has worked well for me when the chart has a good base. For short term trading, an announcement of a stock split on a strong company also usually works for a few days if "M" is also favorable. Tom W - -----Original Message----- From: Jeffry White <"postwhit@sover.net"@sover.net> To: canslim@mail.xmission.com Date: Sunday, September 13, 1998 6:32 PM Subject: [CANSLIM] Part One - Group Strength; Part Two - NonCANSLIM >Tom, you wrote: > > >> While he incorporates a lot of technical approach, he also uses fundies and "news" in >> assessing "M". I try to do the same. > > >I recently noticed WON commenting on "news" in attempting to "context" >the potential for a failed follow through day in early August. First >I'd heard him mention such "noise", with the exception of the monumental >events that turned markets past. In a recent IBD article, he stated >that the follow through days were suspect because the were precipitated >by "news". This particularly hit home with me because I have not, for a >year or more, bought a stock that has broken out on "news". Don't trust >that type of breakout anymore after having been burned on "news" >generated moves in the past. And now, my "M" interpretation will >endeavor to "context" a follow through day as suggested by WON's recent >IBD article. But that will be the limit of my willingness to let "news" >affect the way I trade. > >Now, I know you use "news" in assessing "M", but yours is an everday, >almost minute by minute approach. Fair? Or are you suggesting that your >efforts at assessing "M" or more along the "event" driven, turning point >variety seemingly viewed in hindsight by WON (with the exception of >"contexting" a follow through day). And if you believe WON assesses "M" >using "news" on a minute by minute, or day by day approach, please share >with us the source of your comment quoted above. > >Perhaps those members who attended this weekends WON seminar could let >us know whether Mr. O'Neill mentioned the "news" in any way shape or >form. > >Thanks in advance, Tom. > >Jw > >- > - - ------------------------------ Date: Mon, 14 Sep 1998 13:39:13 GMT From: musicant@autobahn.org (Dan Musicant) Subject: [CANSLIM] Where can I get Beta on stocks? When I had DGO beta, I had access to "alpha" and "beta" for stocks. Where can I get this online (for free?). TIA Dan musicant@autobahn.org - - ------------------------------ Date: Mon, 14 Sep 1998 07:01:13 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Part One - Group Strength; Part Two - NonCANSLIM <<>Mainframes Is this a DGO group? SUNW (workstations)>> I don't know about DGO. It's a very small IBD group, dominated by IBM. <<>Hospitals >Medl/Dentl Svcs >Production/Pipeline Don't know this group.>> If you're referring to the last, it's under Oil&Gas. <<>Electrical Connectors has remained above its 17d for four days. What do you get if you delete AMP & BEI from the group?>> If these two are deleted, the group has been above its 17d for only one day. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Mon, 14 Sep 1998 09:57:52 -0700 (PDT) From: dbphoenix Subject: Re: [CANSLIM] Part One - Group Strength; Part Two - NonCANSLIM <Integrated Systems JKHY ORCL beat est. past week>> PMS might be worth watching. <<>Biomed-Genetics BGEN, AMGN, HEB (hype).>> GNE is a possibility. These are the only two I'd add. Everything else is far too wide and loose for my taste. As far as the O&G stocks go, a number of them have broken out of their downtrend channels, but not necessarily to the upside. The most attractive, IMO, in terms of chart pattern and the indicators I use is ESV. There may be more in a day or so. As far as deciding whether a stock is getting ready to base or not, I'm going mostly by volume. I figure if it's there, the short-term trend is up. Only a few of these are showing a pattern of clear-cut strong upside volume. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Mon, 14 Sep 1998 19:09:03 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] Part One - Group Strength; Part Two - NonCANSLIM Thanks, DB. Glad to see I didn't miss many. >PMS might be worth watching. We I came across that one, I thought "80% chance that DB is approaching this one with his Stoch/MACD method." :) >As far as the O&G stocks go, a number of them have broken out of their >downtrend channels, but not necessarily to the upside. The most >attractive, IMO, in terms of chart pattern and the indicators I use is >ESV. Funny, nr. one on my watch list. But I didn't pull the buy trigger yet... not so funny. :) To all: Interesting comments re:WON's follow-through day at Ian woodwards chat site. Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Mon, 14 Sep 1998 13:17:06 -0400 (EDT) From: Deepak Kapur Subject: Re: [CANSLIM] Part One - Group Strength; Part Two - NonCANSLIM Johan, >Interesting comments re:WON's follow-through day at Ian woodwards chat site. Would you care to post. Thanks, Deepak - - ------------------------------ Date: Mon, 14 Sep 1998 19:48:02 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] Part One - Group Strength; Part Two - NonCANSLIM >>Interesting comments re:WON's follow-through day at Ian woodwards chat site. > >Would you care to post. Here you go: http://nt-chat0.telescan.com:8080/gotomenu Johan Van Houtven / CLICK! N.V. - - ------------------------------ Date: Mon, 14 Sep 1998 18:33:14 -0700 (PDT) From: Anindo Majumdar Subject: [CANSLIM] Breakout in AVEI AVEI looks like it broke out today. What do you folks think ? > > > >>Interesting comments re:WON's follow-through day at Ian woodwards chat site. > > > >Would you care to post. > > Here you go: > > http://nt-chat0.telescan.com:8080/gotomenu > > > > Johan Van Houtven / CLICK! N.V. > > > > > - > > - - ------------------------------ End of canslim-digest V2 #384 ***************************** 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.