From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #434 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 Saturday, November 7 1998 Volume 02 : Number 434 In this issue: Re: [CANSLIM] Educational thought for the day----INKT [CANSLIM] Re: canslim-digest V2 #433 Re: [CANSLIM] misplaced option trade need advice Re: [CANSLIM] internet related issues [CANSLIM] Another Group Site [CANSLIM] ELNK [CANSLIM] Fw: TIME SENSITIVE - READ IMMEDIATELY - Slightly Off topic :) [CANSLIM] ISCA [CANSLIM] W Pattern Re: [CANSLIM] internet related issues Re: [CANSLIM] internet related issues [CANSLIM] ANF Re: [CANSLIM] Something to Think About Re: [CANSLIM] internet related issues Re: [CANSLIM] internet related issues [CANSLIM] Sell programs... an excercise in psychology RE: [CANSLIM] Sell programs... an excercise in psychology Re: [CANSLIM] Sell programs... an excercise in psychology Re: [CANSLIM] internet related issues [CANSLIM] Stock Screens [CANSLIM] One to watch--MEDI Re: [CANSLIM] internet related issues [CANSLIM] novell as a canslim prospect [CANSLIM] General thoughts, and Internet Re: [CANSLIM] internet related issues Re: [CANSLIM] internet related issues [CANSLIM] ACC/Dis Numbers [CANSLIM] ACC/Dis Numbers Re: [CANSLIM] General thoughts, and Internet Re: [CANSLIM] General thoughts, and Internet [CANSLIM] Breakout MSPG Re: [CANSLIM] misplaced option trade need advice Re: [CANSLIM] internet related issues ---------------------------------------------------------------------- Date: Fri, 6 Nov 1998 00:31:05 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Educational thought for the day----INKT A secondary offering where most of the shares already exist and are currently owned by either insiders or early stage investors is not bullish. And any secondary offering means a roadblock of new stock to come on the mkt, even if the company was issuing new shares and thus able to benefit from fresh capital. I would be leary of any fresh buying, or even holding, until after the secondary has been completed. Tom W - -----Original Message----- From: David Squires To: canslim@lists.xmission.com Cc: canslim@xmission.com Date: Thursday, November 05, 1998 2:38 PM Subject: Re: [CANSLIM] Educational thought for the day----INKT Another bullish development was the price action during the secondary offering announcement. On Tuesday, the company annoyed they would offer 3 million new shares (2.7 million from officers) but the stock held its own. If the stock can get through the resistance on at least 800,000 shares it will probably run like other internet stocks. Currently, it could go either way and is a high risk situation so do your homework. BTW, I have a position in this stock. Good Trading, DCSquires - - ------------------------------ Date: Fri, 6 Nov 1998 08:10:53 EST From: Coolcat895@aol.com Subject: [CANSLIM] Re: canslim-digest V2 #433 < (10-30-98 email) has a Theme if you will>> What also often happens is that the hot group of one cycle falls out of favor and then gains a new lease on life. It happened with internet stocks when they shot up in 1996 only to fall back to earth only to rise once again. Now you have semis and disk drives going from group strength of E to A and stocks like IOM and KMAG rising from the dead. On first glance with some of these trading far off their highs you would think, "Oooops, too much overhead resistance to overcome." But these stocks have wiped out many former holders as they plunged. Those buyers have now been replaced with stronger holders at lower prices, and dips are now due to profit-taking, not panic selling. Kevin Kennedy www.coolcatreport.com - - ------------------------------ Date: Fri, 6 Nov 1998 00:08:08 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] misplaced option trade need advice Sorry Bill, This is one of those situations where the brokerage firm is pretty risk free. They have the right, not the obligation, to extend you credit. Likewise, the funds are not actually due till settlement (trade date plus one in the case of options). Online firms typically require funds in advance, but this is to protect them and ensure the trade is paid for. Doesn't obligate them to cancel an excessive buy. The firm can wait actually several days, then, if you still have not funded the account, they can either sell out the trade and charge you with any loss; or they can cancel the original buy and place it into a house account and sell it from there. Needless to say, the latter choice is not usually taken unless the trade is at a profit. And the choice is strictly up to the house. Guess which way they will go (hint: was the trade profitable or not??). Tom W - -----Original Message----- From: Mypiason3@aol.com To: canslim@xmission.com Date: Thursday, November 05, 1998 10:40 AM Subject: [CANSLIM] misplaced option trade need advice Hi you all, I wanted to place an order to sell my option contracts and inadvertently bought. However the order to buy should not have gone through due to insufficient funds in the account. Can anyone tell me what I can expect? And if I could refuse the trade? Thanks Bill White - - - - ------------------------------ Date: Fri, 06 Nov 1998 16:39:45 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] internet related issues >The only really decent charts in my group are: >(based solely on price to moving average performance, Relative strength, >and OBV). Fundamentals are for you to decide the importance of. >ELNK - strong positive trending RS. Nice strategy Frank. ELNK is bursting out as I right, already at an all-time high. Still buyable. Hope you all buy lots of it, since I'm already in. :) - -- Johan Van Houtven - - ------------------------------ Date: Fri, 6 Nov 1998 07:46:04 -0800 (PST) From: dbphoenix Subject: [CANSLIM] Another Group Site In addition to the Telescan site and Roger's site that I've mentioned, another site has come to my attention at MarketGuide. Here you can get the relative price strength of their groups over a one-day or five-day period (select "What's Hot". For short-termers or for intermediate-termers who are looking for an entry spot, this may be just the thing. The big news, however, is the graphs. When you click on a group, you get a list of the component stocks. When you click on a stock symbol, you get a graph. When you select "Click for Advanced Charting", one of the options is to plot a relative strength line comparing the stock to the S&P. It's not RSI but a real honest-to-God relative strength line. You can also plot up to three MAs and several other basic indicators. This is going to be real handy. http://yahoo.marketguide.com/MGI/ - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 06 Nov 1998 09:42:46 -0800 From: Harlan Subject: [CANSLIM] ELNK There she blow's!!!!! As I post its breaking out of a huge base on good vol. Ave daily is 759,000 so far its traded 507,000 and we're not even halfway through the day. 7% stop applys Harlan disclaimer I'm in - - ------------------------------ Date: Fri, 6 Nov 1998 10:36:15 -0500 From: "Thomas A. Moulton" Subject: [CANSLIM] Fw: TIME SENSITIVE - READ IMMEDIATELY - Slightly Off topic :) > TIME SENSITIVE - READ IMMEDIATELY > Please distribute this to everyone (on earth, that is) you know: > When John Glenn returns from space, everybody dress in Ape Suits. > You have 7 days in which to bury the Statue of Liberty up to her head > I'm sorry I just couldn't resist sending this. - - ------------------------------ Date: Fri, 6 Nov 1998 10:59:31 -0500 From: "Charles Cangialosi" Subject: [CANSLIM] ISCA This stock does not meet the RS and EPS for CANSLIM. However I own it. I live in Daytona, its hard not to own Speedway. My observation (based on extremely limited experience) is that this has done a double bottom. Looks like a W over the last few months. It has just gone above its 200 MA. It has gone sideways for the past week or so on weak volume and now seems to be making a move. Any opinions. I intend to hold on to it. I did not buy it by the CANSLIM method but I got it at 24 and have a stop in at 27. Charlie - - ------------------------------ Date: Fri, 6 Nov 1998 07:34:22 -0800 (PST) From: dbphoenix Subject: [CANSLIM] W Pattern Senor Tip provides a nice thumbnail on W patterns, esp. the volume pattern, in his Tip Of The Day for Nov 5th: http://tipworld.clearstation.com Thanks for this site, Craig. I like this guy. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 6 Nov 1998 08:05:14 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] internet related issues Another information source which some of you may find useful is Keith Benjamin's (a CFA with Robertson Stephens) Web Report: http://www.internetstocks.com/ - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 6 Nov 1998 08:08:38 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] internet related issues <> If it holds above 45, I'll join you. Don't you just love those ascending triangles? - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 6 Nov 1998 08:45:34 -0800 (PST) From: dbphoenix Subject: [CANSLIM] ANF One of the stocks I mentioned last night. Rebounding nicely though the volume isn't quite there yet. But then it's only 10am (MST) - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 06 Nov 1998 16:46:46 GMT From: musicant@autobahn.org (Dan Musicant) Subject: Re: [CANSLIM] Something to Think About On Thu, 5 Nov 1998 15:15:04 -0800 (PST), you wrote: : :>From Briefing.com: : :Then came a speech from Alan Greenspan around mid-day in which the : Fed Chairman said he saw significant signs of some reversal in risk :aversion and that there was a good possibility that liquidity : spreads and yield premia will return to normal... These observations :made all the difference, and the equity market quickly : regained its bullish form with the Dow gaining approximately 160 :points after Greenspan's comments, finishing at its highs of the : day, and eclipsing the 8900 mark... While we were predisposed to :believe the market would selloff at the thought of no rate cut, : the resurgence of stocks suggests that the equity market may be in a :win-win situation... Win if rates are cut or win if rates remain : the same as the latter would suggest the Fed is comfortable that a :recession in the U.S. will be averted and global economies will : rebound... This view was the catalyst for today's rally which :explains the divergence between stocks and bonds. : I am inclined to think that no rate cut spells a sell-off, or at least a few bad days. However, I think that G's comments coupled with bad employment numbers are being interpreted as a sign that the FED will cut at the next meeting. That's what I heard, anyway.=20 Dan musicant@autobahn.org - - ------------------------------ Date: Fri, 06 Nov 1998 19:29:22 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] internet related issues At 08:08 AM 06-11-98 -0800, you wrote: > > ><buyable. > >Hope you all buy lots of it, since I'm already in. :)>> > >If it holds above 45, I'll join you. Only George Soros can drive it back in its base IMHO. He had a big position that he was going to sell. Don't know if he already did. At +/- 45 MSPG looks good and may be a better buy at this particular point in time. ELNK is purely a technical trade. It has almost zero CANSLIM characteristics. MSPG has much better CANSLIM features. (I'm surprised you would be interested in ELNK since the fundies are crap, except for the accelerating revenues. I thought your rules re: fundamentals very strict. Something that I respect a lot.) >Don't you just love those ascending triangles? If the work out... definately. PS: Look ma, a post without without a smiley! Johan - - ------------------------------ Date: Fri, 6 Nov 1998 10:50:00 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] internet related issues <> Everybody acknowledges that none of these stocks are CANSLIM stocks, but the discussion continues, just the discussion of technical analysis, daytrading, and various other off-topic subjects continues. So I'm not uncomfortable following them or discussing them. The only forum I know of that has fairly rigid standards is the HGS board, so I'm much more careful what I say there. As far as ELNK goes, it's one of the very few productive chart patterns in the group. If I were to buy it, which I might on the fade, it would be as a non-CS holding, bought on a purely technical basis. But I have so many attractive CS stocks in the hopper that I have no compelling reason to take on the risk of buying internet stocks right now. There's plenty of time for all of this, just as there were many opportunities to buy WalMart or Cisco or Dell or the Gap. Amazon's not going anywhere. It'll be there tomorrow. So will AOL. My patience is hard come by and it's just not worth blowing all that on a highly volatile issue that I don't need. What I'm doing now is learning, which is why I subscribed to those two newsletters I mentioned. There are many internet-related choices out there, most of them bad. I don't want to choose one of them. I'm in no hurry. I take no pride in buying at the bottom. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 06 Nov 1998 19:50:44 +0100 From: Johan Van Houtven Subject: [CANSLIM] Sell programs... an excercise in psychology If you were a big institution responcible for major program trading, what would you do when the Dow hits 9000? Considering that many people believe in overbought indicators (we a seriously overbought per DGO), sentiment (people are telling me it is party time), a pull back would scare the heck out of recent buyers (since it could be serveral hunderd point down), etc. I won't let them scare me, a pull back (to support), if it happens, would be constructive. I'm prepared. Just watch price and volume on the indexes as WON recommends. Just an excercise in psychology. Johan - - ------------------------------ Date: Fri, 6 Nov 1998 10:53:25 -0800 From: Brian Nash Subject: RE: [CANSLIM] Sell programs... an excercise in psychology I don't know - host a "Dow 9000 Part II - When Bears Attack" on CNBC? > -----Original Message----- > From: Johan Van Houtven [SMTP:Johan.VanHoutven@ping.be] > Sent: Friday, November 06, 1998 1:51 PM > To: canslim@lists.xmission.com > Subject: [CANSLIM] Sell programs... an excercise in psychology > > If you were a big institution responcible for major program trading, what > would you do when the Dow hits 9000? > > Considering that many people believe in overbought indicators (we a > seriously overbought per DGO), sentiment (people are telling me it is > party > time), a pull back would scare the heck out of recent buyers (since it > could be serveral hunderd point down), etc. > > I won't let them scare me, a pull back (to support), if it happens, would > be constructive. I'm prepared. Just watch price and volume on the indexes > as WON recommends. > > Just an excercise in psychology. > > > > > > Johan > > > > > > > - - - ------------------------------ Date: Fri, 6 Nov 1998 10:56:33 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] Sell programs... an excercise in psychology <> I was thinking about this yesterday after posting that Greenspan comment. Most of the people now invested haven't been through a correction like this (if they were around for 1990, they probably didn't pay it much attention). Now that they have and have seen how fleeting the negativity can be, I suspect they'll be even less likely to sell out during the next correction. If anything, those who did sell may well use it as an opportunity to jump in, having missed the huge upleg since October. Not a scenario. Just, as you say, an exercise in psychology. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 06 Nov 1998 20:14:30 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] internet related issues At 10:50 AM 06-11-98 -0800, you wrote: > ><point >in time. ELNK is purely a technical trade. It has almost zero CANSLIM >characteristics. MSPG has much better CANSLIM features. > >(I'm surprised you would be interested in ELNK since the fundies are >crap, >except for the accelerating revenues. I thought your rules re: >fundamentals >very strict. Something that I respect a lot.)>> > >Everybody acknowledges that none of these stocks are CANSLIM stocks, >but the discussion continues, just the discussion of technical >analysis, daytrading, and various other off-topic subjects continues. >So I'm not uncomfortable following them or discussing them. The only >forum I know of that has fairly rigid standards is the HGS board, so >I'm much more careful what I say there. > >As far as ELNK goes, it's one of the very few productive chart >patterns in the group. If I were to buy it, which I might on the >fade, it would be as a non-CS holding, bought on a purely technical >basis. But I have so many attractive CS stocks in the hopper that I >have no compelling reason to take on the risk of buying internet >stocks right now. There's plenty of time for all of this, just as >there were many opportunities to buy WalMart or Cisco or Dell or the >Gap. Amazon's not going anywhere. It'll be there tomorrow. So will >AOL. My patience is hard come by and it's just not worth blowing all >that on a highly volatile issue that I don't need. > >What I'm doing now is learning, which is why I subscribed to those two >newsletters I mentioned. There are many internet-related choices out >there, most of them bad. I don't want to choose one of them. I'm in >no hurry. I take no pride in buying at the bottom. Very well said. I hope everyone takes note. And I am indeed glad that the group is fairly open-minded, so that we can discuss Internets here, even though they have very little or no CANSLIM elements. However, we do need to make sure we don't drift away from the fundamental rules of CANSLIM. And I will gladly admit that I was hoping that you, as an experienced CS and HGS investor, would alert us every time you feel we are drifting away from those rules. In light of that: When you mentioned you would be willing to buy ELNK if it held 45 my world fell apart. Well almost... (insert that funny looking character here). To all (except DB): BTW: Hate to say this, but DB's Burrow is now not only is very informational and educational, it now also is b, b, b, euh, beau.. b,b,beu, beau, bbbbb, .... beaut... good looking. There, I've said it. I wish I had come across a site like that many moons ago, would have spared me a lot of misery. Well done. Johan - - ------------------------------ Date: Fri, 6 Nov 1998 11:18:26 -0800 (PST) From: dbphoenix Subject: [CANSLIM] Stock Screens Yahoo has a new stock screen. It's not the most sophisticated you'll find, but it does allow you to screen for market cap. http://screen.yahoo.com/stocks/ Also, I don't remember if I ever mentioned this or not, but the info at stocksheet.com can be very helpful. Among other things, it provides info on stocks with highest growth in latest quarter EPS and "Stocks with 25-25-25 1 Quarter,12 Mos, 5 YearEPS Growth Rates and Increasing EPS for 5 years" with just a mouse click. http://www.stocksheet.com/ All this stuff is on the first page. Make sure you let it load completely. It takes a couple of minutes. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 06 Nov 1998 14:28:44 -0500 From: David Squires Subject: [CANSLIM] One to watch--MEDI Hi All, MEDI is another stock that got technically trashed on an earnings fade and took a few days to rebuild investor confidence...........70 has been resistance to the upside and the stock appears to have cleared through this and is lurching towrds its high. Look at the chart of the last few days and you will see a few very tight trading days indicating to me the selling might have ended. Yesterday the stock fell below 67, which was short term support. I believe the last weak hands may have been shacken out yesterday and the rally may now continue. There is still resistance near the old high as many traders will fade any rally attempt here. Also, watch the volume, it is not huge as of this writing and keep in mind the extended nature of the general market. Good Trading, DCSquires - - ------------------------------ Date: Fri, 6 Nov 1998 11:36:20 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] internet related issues <> Been there, done that. CS police get flamed too much. It's unfortunate that there is no forum anywhere on the net that is devoted to CS, but there you are. It would be nice if there were at least one, but it ain't gonna happen. CS attracts the momentum crowd who focus on chart patterns and RS numbers. Only a fraction of the "CSers" I come in contact even bother to find out what the company does, much less do the fundie research. So I step up to the plate and point out that the stock is under $15 or that it trades 12 shares a day or that the EPS is 6 or whatever and I'm told that I'm being "rigid". So whatever. O'N has updated everything I wanted him to update in his new series, and he's loosened up about as much as he's going to or that I want him to. He maintains still that stocks must be EPS/RS > 80. And he's right. I don't want to argue about it, but he's right. The new high part, I'm not so keen on, but he's right about the EPS/RS. Everybody has to learn that in their own way, just as some people just have to try daytrading or fund switching or going broke. For me, it's a matter of time. I just don't have the time any more. Or I don't want to spend it on this, which amounts to the same thing. After posting the info on retailers and telecom last night, I was faced with researching two dozen stocks, minimum. Eliminating everything that didn't have EPS of at least 80 and SRP of A reduced it to 10. Now that I've got my routine down and can do the fundies in eight minutes, this was acceptable. And out of that, I got 4 stocks. Why would I want to go searching under rocks looking for stocks that nobody's ever heard of when I've got 4 leaders right here ready to go? That, to me, is the whole point of CS. I don't need to know or even want to know about every breakout on the planet. I've got more than enough stocks to choose from right now, so why spend my weekends doing even more research? Cause I love it? Yeah, right. So anybody who doesn't want to follow O'N's guidelines or advice or dicta or whatever one wants to call them is welcome to do so. It's not something I want to argue about anymore. One reason I put the site together. Visitors can take it or leave it, but if they leave it, I don't have to hear about it. It's amazing how much more money you can make when your attention is focused on that rather than arguing with somebody over whether their stock is a CS stock or not. So thanks for the offer, but I'll leave the role of CS ZenMaster to somebody else. Wax on, wax off. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 06 Nov 1998 13:29:07 PST From: "norman smythe" Subject: [CANSLIM] novell as a canslim prospect Hi, I'm Norm at Hounddog17@hotmail.com and wondered if someone had an opinion on the quality of novell as a canslim candidate. I has recently hit a new high and seems to qualify as a upward mover. ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - - ------------------------------ Date: Fri, 6 Nov 1998 19:59:34 -0500 From: "Joe Scott" Subject: [CANSLIM] General thoughts, and Internet These internet stocks have done this before,, ELNK, and MSPG have already popped today, I'll bet XCIT and ATHM, are not far behind.. I am watching XCIT very close, and will probably buy on Monday, I already have a position in ATHM and will add if it breaks to the upside,, I can't say I am in any CANSLIM qualifiers,, I did get into a few stocks as they popped off lows,, SDTI, and PRMS both three or four weeks ago, and a few others, none of which are near their highs.. Is it me?, or at least it seems to me that after so many stocks were so far down,, and record numbers of stocks had made new lows, that buying the ones breaking out from highs now just doesn't seem to be working as well. I have adjusted my way of selecting stocks since we came off that bottom about 4 weeks ago and so far so good, not to say that I won't be looking at CANSLIM stocks again.. I just felt it wasn't the time to be looking CANSLIM,, and my account balance is sure happy for it from the last 4 weeks.. I still practiced strict money management practices 7 to 8% hard stops, and also bought breakouts on volume... I sure don't claim to have the expertise that a select few in this group have,, but I'll tell you,, I'm sure glad I didn't wait for CANSLIM stocks to build bases and break out to new highs.. anyway,, for what its worth,, ,,, joe (o o) =oOO==(_)==OOo======== - - ------------------------------ Date: Fri, 6 Nov 1998 21:06:51 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] internet related issues Sadly, this too used to be a CANSLIM board, where discussing a stock that didn't meet at least the most basic of CANSLIM criteria of RS/EPS of 80/80 was kinda frowned upon. Ooooopppppsss, there I go again, getting CANSLIMish. Sorry, guys. It's just that I like to pull up a Daily Graphs stock of some company being discussed, and find that it meets at least some of the seven CANSLIM elements. Tom W - -----Original Message----- From: dbphoenix To: canslim@lists.xmission.com Date: Friday, November 06, 1998 1:49 PM Subject: Re: [CANSLIM] internet related issues <> Everybody acknowledges that none of these stocks are CANSLIM stocks, but the discussion continues, just the discussion of technical analysis, daytrading, and various other off-topic subjects continues. So I'm not uncomfortable following them or discussing them. The only forum I know of that has fairly rigid standards is the HGS board, so I'm much more careful what I say there. - - ------------------------------ Date: Fri, 06 Nov 1998 19:30:53 -0800 From: Tim Fisher Subject: Re: [CANSLIM] internet related issues At 11:36 AM 11/6/98 -0800, you wrote: > >O'N has updated everything I wanted him to update in his new series, >and he's loosened up about as much as he's going to or that I want him >to. He maintains still that stocks must be EPS/RS > 80. And he's >right. I don't want to argue about it, but he's right. The new high >part, I'm not so keen on, but he's right about the EPS/RS. Everybody The RS I'm not so sure about. I'd rather own the while the RS is approachig 80 from below. I.e. THQI and GMSTF, my two big hits right now, were bot when RS was breaking 60-ish. >has to learn that in their own way, just as some people just have to >try daytrading or fund switching or *going broke*. Yeah like Gess Shenkel our resident options trader last October. >For me, it's a matter of time. I just don't have the time any more. >Or I don't want to spend it on this, which amounts to the same thing. >After posting the info on retailers and telecom last night, I was >faced with researching two dozen stocks, minimum. Eliminating >everything that didn't have EPS of at least 80 and SRP of A reduced it >to 10. Now that I've got my routine down and can do the fundies in >eight minutes, this was acceptable. And out of that, I got 4 stocks. >Why would I want to go searching under rocks looking for stocks that >nobody's ever heard of when I've got 4 leaders right here ready to go? Look at my list. I include lower RS stock since that is the group I like to choose from for fresh buys, but I have a grand total of 18 with only 7 80/80s. That is what dissapoints me most about CS followers, the habit of thinking they're missing out on something because it doesn't meet the criteria, then they go and buy some momentum play for the wrong reasons. Not that I admit to doing anything different, it's just that Ian's MS list was so irresistable I had to dump 30% of my trading money into the top 3. >So thanks for the offer, but I'll leave the role of CS ZenMaster to >somebody else. > I too gave up pointing out the trashy flashy stocks brought up on this list. Caveat emptor! P.S. have there been additions/deletions to the Iandex MS list since late summer? Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Fri, 6 Nov 1998 22:34:48 EST From: FBNAirPlt@aol.com Subject: [CANSLIM] ACC/Dis Numbers Here are the recent ACC/Dis numbers date A B C D E a+b/a-e %e 10/30/98 735 2673 1399 1240 549 52% 8% 11/2/98 804 2684 1456 1160 520 53% 8% 11/3/98 884 2812 1423 1093 442 56% 7% 11/4/98 1014 2955 1376 973 369 59% 6% 11/5/98 1056 2960 1382 944 348 60% 5% 11/6/98 1175 3025 1315 891 313 63% 5% Spreedsheet format: date,A,B,C,D,E,a+b/a-e,%e, 10/30/98,735,2673,1399,1240,549,52%,8% 11/2/98,804,2684,1456,1160,520,53%,8% 11/3/98,884,2812,1423,1093,442,56%,7% 11/4/98,1014,2955,1376,973,369,59%,6% 11/5/98,1056,2960,1382,944,348,60%,5% 11/6/98,1175,3025,1315,891,313,63%,5% - - ------------------------------ Date: Fri, 6 Nov 1998 22:35:41 EST From: FBNAirPlt@aol.com Subject: [CANSLIM] ACC/Dis Numbers Here are the recent ACC/Dis numbers date A B C D E a+b/a-e %e 10/30/98 735 2673 1399 1240 549 52% 8% 11/2/98 804 2684 1456 1160 520 53% 8% 11/3/98 884 2812 1423 1093 442 56% 7% 11/4/98 1014 2955 1376 973 369 59% 6% 11/5/98 1056 2960 1382 944 348 60% 5% 11/6/98 1175 3025 1315 891 313 63% 5% Spreedsheet format: date,A,B,C,D,E,a+b/a-e,%e, 10/30/98,735,2673,1399,1240,549,52%,8% 11/2/98,804,2684,1456,1160,520,53%,8% 11/3/98,884,2812,1423,1093,442,56%,7% 11/4/98,1014,2955,1376,973,369,59%,6% 11/5/98,1056,2960,1382,944,348,60%,5% 11/6/98,1175,3025,1315,891,313,63%,5% - - ------------------------------ Date: Fri, 06 Nov 1998 19:36:48 -0800 From: Tim Fisher Subject: Re: [CANSLIM] General thoughts, and Internet Why does everyone think N is only "new highs"? Read the book! At 07:59 PM 11/6/98 -0500, you wrote: >Is it me?, or at least it seems to me that after so many stocks were so far >down,, and record numbers of stocks had made new lows, that buying the ones >breaking out from highs now just doesn't seem to be working as well. >I have adjusted my way of selecting stocks since we came off that bottom >about 4 weeks ago and so far so good, not to say that I won't be looking at >CANSLIM stocks again.. I just felt it wasn't the time to be looking >CANSLIM,, and my account balance is sure happy for it from the last 4 >weeks.. I still practiced strict money management practices 7 to 8% hard >stops, and also bought breakouts on volume... Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Fri, 6 Nov 1998 22:46:59 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] General thoughts, and Internet Not only are they not at new highs but there RS numbers are often in single digits,, and I have read the book. ,,, joe (o o) =oOO==(_)==OOo======== - - ------------------------------ Date: Sat, 07 Nov 1998 12:06:42 +0700 From: "Peter D. Christiansen" Subject: [CANSLIM] Breakout MSPG From the watch list, MSPG breaks out on good volume. - -- Peter Christiansen Chiang Mai - Thailand peterc@loxinfo.co.th - - ------------------------------ Date: Sat, 7 Nov 1998 00:23:40 EST From: Mypiason3@aol.com Subject: Re: [CANSLIM] misplaced option trade need advice Hey guys, I thaught I would let you know what occurred with the option. I was able to get out at the price bought. I haven't heard a reply from the broker about the commissions but I am not holding my breath. Thanks for all your advice guys, it sure helped. Sincerely, Bill - - ------------------------------ Date: Fri, 6 Nov 1998 23:20:01 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] internet related issues <> Somebody--I believe it was O'N--made provision for going down as low as 70 for "turnaround" stocks, but I may be imagining the O'N part. And there certainly are a lot of them. But the chart would have to awfully good for me to buy one of them. Woodward provided some good guidance, that if you don't buy within 10% of the breakout from the base at the bottom or the breaking of the downtrend line, wait for the next base or breakthrough of resistance. <> As far as I know, it's still AOL, COST, CSCO, DELL, G, HD, INTC, KO, LU, MRK, MSFT, PFE, PG, SWY, WMT. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ End of canslim-digest V2 #434 ***************************** 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.