From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #443 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 14 1998 Volume 02 : Number 443 In this issue: Re: [CANSLIM] Notification service? Re: [CANSLIM] Notification service? Re: [CANSLIM] Notification service? [CANSLIM] State of the "M" Re: [CANSLIM] Two consecutive distribution days [CANSLIM] Stock Splits Re: [CANSLIM] Notification service? Re: [CANSLIM] Notification service? [CANSLIM] Stop Loss [CANSLIM] High Tight Flags (?) [CANSLIM] Turkeys? Re: [CANSLIM] Stop Loss Re: [CANSLIM] Stop Loss Re: [CANSLIM] High Tight Flags vs. Climax Run RE: [CANSLIM] Stop Loss RE: [CANSLIM] Stop Loss Re: [CANSLIM] Stop Loss Re: [CANSLIM] Stop Loss Re: [CANSLIM] Stop Loss Re: [CANSLIM] Notification service? [CANSLIM] [CAN SLIM] POWI (Power Integrations Inc) [Elec Products - Misc.] ---------------------------------------------------------------------- Date: Fri, 13 Nov 1998 01:15:32 -0500 From: "Robert Miller" Subject: Re: [CANSLIM] Notification service? Warren, I use a real time alert service by information echo. It's not email, but you can set up all kinds of price and volume alert strategies. The base rate is $9.95, I forget how many pages that includes. Rob - -----Original Message----- From: Warren Keuffel To: canslim@lists.xmission.com Date: Thursday, November 12, 1998 11:34 PM Subject: Re: [CANSLIM] Notification service? >Thanks, Joe. I checked that out, and it appears to be some kind of push >service. I am really looking for a simple email notification, not a >web-based service. If I can't find one, I will probably use the service >you suggested, but I would prefer not to primarily because I am not always >web-enabled, but I am usually always able to get my email. > >Warren > >At 04:36 PM 11/12/98 -0500, you wrote: >>Warren- >> >>Yahoo pager will do that if you aren't behind a firewall. >> >>Joe >> >> >> >> >>Warren Keuffel on 11/12/98 04:20:09 PM >> >>Please respond to canslim@lists.xmission.com >> >> >> >> To: canslim@xmission.com >> >> cc: (bcc: Joe Jungbluth/OrbMD) >> >> >> >> Subject: [CANSLIM] Notification service? >> >> >> >> >> >> >> >> >> >>Can anyone refer me to a service that will send me an email notification >>when a particular stock hits a specified price? This would be useful for >>stocks on a watch list, when you want to know if they start to move out of >>a trading range, for example. >> >>Thanks. >> >>Warren >> >> >>- >> >> >> >> >> >>- >> > > >- > > - - ------------------------------ Date: Thu, 12 Nov 1998 23:08:24 -0500 From: Kom Tukovinit Subject: Re: [CANSLIM] Notification service? Also, You can customize your portfolio to have lows and highs; the stock list then shows the stocks in different colors when the lows and highs are hit. Etrade also have a notification service based on both price and volume. Unfortunately, that doesn't go out into email, you have to use their internal email system to use it. kom Joe Jungbluth wrote: > Warren- > > Yahoo pager will do that if you aren't behind a firewall. > > Joe > > Warren Keuffel on 11/12/98 04:20:09 PM > > Please respond to canslim@lists.xmission.com > > > > To: canslim@xmission.com > > cc: (bcc: Joe Jungbluth/OrbMD) > > > > Subject: [CANSLIM] Notification service? > > > Can anyone refer me to a service that will send me an email notification > when a particular stock hits a specified price? This would be useful for > stocks on a watch list, when you want to know if they start to move out of > a trading range, for example. > > Thanks. > > Warren > > - > > - - - ------------------------------ Date: Fri, 13 Nov 1998 15:10:52 +0700 From: "Peter D. Christiansen" Subject: Re: [CANSLIM] Notification service? E-Trade now supports e-mail. Kom Tukovinit wrote: > Also, > > You can customize your portfolio to have lows and highs; the stock list then > shows the stocks in different colors when the lows and highs are hit. > > Etrade also have a notification service based on both price and volume. > Unfortunately, that doesn't go out into email, you have to use their internal > email system to use it. > > kom > > Joe Jungbluth wrote: > > > Warren- > > > > Yahoo pager will do that if you aren't behind a firewall. > > > > Joe > > > > Warren Keuffel on 11/12/98 04:20:09 PM > > > > Please respond to canslim@lists.xmission.com > > > > > > > > To: canslim@xmission.com > > > > cc: (bcc: Joe Jungbluth/OrbMD) > > > > > > > > Subject: [CANSLIM] Notification service? > > > > > > Can anyone refer me to a service that will send me an email notification > > when a particular stock hits a specified price? This would be useful for > > stocks on a watch list, when you want to know if they start to move out of > > a trading range, for example. > > > > Thanks. > > > > Warren > > > > - > > > > - > > - - -- Peter Christiansen Chiang Mai - Thailand * "Civilization is the process of setting man free from men." * - - ------------------------------ Date: Fri, 13 Nov 1998 07:09:56 -0500 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] State of the "M" > (I do hope your are not the only one that is allowed to be a bit sarcastic > around here...) > > > Johan As one whose sarcasm tends to keep him in trouble, my only wish would be that the entire group could stoop to the same dastardly level... Alot of questions, Johan. Unfortunately, they must wait for the weekend in order to get some detail. Preliminarily, a confession or two which I hope provide some measure of a response. I don't actually count for a "sequence of days", that is something I just recently read in IBD/WON's article. It occurred to me that it does indeed seem to be true. More importantly, when I look at a retrospectively created chart prepared by WON or IBD to illustrate how wonderfully reliable the price and volume indicators are, guess what? In that same window, I will have relied upon different days with a more narrow definition than he appears to use to create his illustration chart. Mine is from the Book, I think, and from the Farmer's schooling based upon their backtested data. WON's includes all kinds of days that I would find it difficult to put in a category or to pinpoint except in hindsight. Anyone ever heard WON make predictions about a downturn based upon unfolding market activity? hmmmmmm....... Watching (or getting serious about watching) only when the sentiment gets extreme (as it is now) is not something that comes from WON either. It just seems to work, for me. I recognize that you find it worth noting volume averages on a distribution day. I've seen you comment on it before. My real point throughout the message was that you seem always to add twists and turns to the price and volume signals and other CANSLIM components that may limit your ability to listen to them objectively. That's all. Last, you and I wrote: > >As far as the number of distribution days since the 15th, may I suggest > >that you forget about a distribution day once the uptrend has resumed? > >Throw it out, forget it. A 1% on volume day should negate the > >distribution day, so throw it out if you see that, as well. > > Where does WON say that? On the first chart (titled "Spotting The Top") in > his article "Week 13 - How To Spot When Market Hits A Top" at > > http://ibd.infostreet.com/won/ > > I see a 1% up on volume day in July (07/14) just before day 3. This day > clearly negates the previous mini downtrend in your thinking, right? And > still WON contimues the counting after that day with day 3, etc. I used the word "should". And I don't think WON says that anywhere. Your 7/14 example is an excellent reason to keep the distribution days on your plate and maintain flexibility in your "view". I recall almost being completely faked out by that day, and it caused me to close all positions several days later than I should have. However, you will find that distribution days within the initial run from the bottom, coming off bases (the first several days or weeks), etc. generally don't indicate a significant change of market direction. Those occuring in clusters with sentiment at extremes often do. Gotta go. JW - - ------------------------------ Date: Fri, 13 Nov 1998 07:13:37 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Two consecutive distribution days One of the biggest differences between the financial conditions in Brazil and Russia is that world powers learned a lesson from Russia, and drew the "line in the sand" in front of Brazil. IMF, US and several European countries have given clear signals that they will not allow Brazil to default. Witness how their bonds are trading, all nearly at par, a few even over par. Compare that to Venezuela where bonds were trading below 50. And Brazil also has considerable US dollar reserves. Finally, Brazil is not only willing, but able, to move quicker towards reforms than was/is Russia. Also well worth noting, the Russian market has now doubled from its lows. Like many countries that were hit hard, they have made remarkable recoveries. South Korea has rallied nearly 50% from its lows, pretty remarkable compared to Japan which only rallied about 15% and is struggling to hold most of that. Tom W - -----Original Message----- From: Dan Musicant To: canslim@lists.xmission.com Date: Friday, November 13, 1998 1:20 AM Subject: Re: [CANSLIM] Two consecutive distribution days On Thu, 12 Nov 1998 21:24:53 -0500, you wrote: :Hi Tom, : :Not that I disagree in the least with your post, I ran across the article :below at the www.wallstreetcity.com site. You may find it interesting. : :Frank Wolynski Holy Smokes! If this isn't farfetched, and it certainly doesn't appear to be, we are in for some action that makes the volatility in recent memory pale in comparison. Are you prepared for storms of this magnitude? Not sure I am... hmm. Dan :Global Take Nov 9 1998 12:09PM CST : : Archives... :Brazil in Looming Collapse : :By Paul Lam :Senior Markets Writer : :Brazil, similar to Russia, is promptly approaching a situation of state :debt default. If that occurs, the outcome is expected to be 10 times the :direct impact of the Russian debt crisis on U.S. financial institutions. : snip... musicant@autobahn.org - - - - ------------------------------ Date: Fri, 13 Nov 1998 07:56:44 -0500 From: "Tom Worley" Subject: [CANSLIM] Stock Splits I just took a look at the list of upcoming stock splits for the next 6 weeks, pretty long list. I've never tried to follow this scientifically, but combining these new shares with the upsurge in IPOs suggests to me an increase in supply (since many long term holders of solid companies tend to promptly sell their split shares) amidst a possible slowdown in demand. The site I used is: http://cbs.marketwatch.com/archive/19981112/news/current/oli_stockspli t.htx?source=blq/yhoo&dist=yhoo Tom W - - ------------------------------ Date: Fri, 13 Nov 1998 09:40:06 -0500 From: "Thomas A. Moulton" Subject: Re: [CANSLIM] Notification service? For $9.95/mo quote.com will do notifications for free clearstation.com sends daily updates of a protfolio - - ------------------------------ Date: Fri, 13 Nov 1998 07:58:32 -0700 From: Warren Keuffel Subject: Re: [CANSLIM] Notification service? It ought to be pretty easy to write a perl script that would pick up quotes periodically and then send mail when certain user-defined exceptions are triggered. I will put that on my to-do list and if I can make it work I'll share it with the list. Warren At 09:40 AM 11/13/98 -0500, you wrote: >For $9.95/mo quote.com will do notifications > >for free clearstation.com sends daily updates of a protfolio > > >- > - - ------------------------------ Date: Fri, 13 Nov 1998 09:38:55 -0600 (CST) From: mckeener@ix.netcom.com Subject: [CANSLIM] Stop Loss Db, Didn't you state a CANSLIM board message back or two that one should NEVER lose profit on a stock? If so, then I don't understand your above two paragraphs. Mary - - ------------------------------ Date: Fri, 13 Nov 1998 08:11:48 -0800 From: Tim Fisher Subject: [CANSLIM] High Tight Flags (?) I see several similar charts this morning, looking like High Tight Flags from HTMMIS. I have never bot one of these, anyone have experience with this chart type? Specifically I'm thinking of PGEX, CBXC, BKE, SYMX. Note that most of these are in the process of forming the formation (is that english?) and aren't quite there yet. Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Fri, 13 Nov 98 12:27:500 -0500 From: Jeffry White Subject: [CANSLIM] Turkeys? Lots o' turkeys flying around: INFO, MALL, AVCO.....Whew!!! Jeff - - ------------------------------ Date: Fri, 13 Nov 1998 10:28:57 -0800 (PST) From: Anindo Majumdar Subject: Re: [CANSLIM] Stop Loss Yeah if one has a 50 % gain should one wait for it to get back to a 8 % loss before selling in order to give the stock room to run. In my case I have YHOO at 11. It is curently at 168 and change. It could go over 200. It could also go down to 130 . Looking at YHOO's chart is here an obvious point to set a stop. The 200 day MA is too low. Thanks Anindo > > Db, > > with which so many "CANSLIMers" sell their > winners as soon as they have what they believe > to be a decent profit. It may be that you've > been spending too much time with the momentum crowd. > > As long as your stock is healthy, I see no reason > to sell it at all. I plan to hold those stocks > which I got at the right price until the > next major correction, unless an individual issue > runs into trouble. I had a quintuple in UTI last year, > which I would not have received had I sold it at the > first pullback.> > > Didn't you state a CANSLIM board message back or two > that one should NEVER lose profit on a stock? If so, > then I don't understand your above two paragraphs. > > Mary > > > > - > > - - ------------------------------ Date: Fri, 13 Nov 1998 12:37:19 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] Stop Loss <> If you can find the post you're referring to,perhaps I can clarify. - --Db == "Lessons are repeated until they are learned." http://home.talkcity.com/MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 13 Nov 1998 13:02:02 -0800 (PST) From: TM Subject: Re: [CANSLIM] High Tight Flags vs. Climax Run Hi, Tim. This concept was mentioned in Houston, here's my interpretation so far. Oh, thanks, these will go on my list now. HTF- 1st stage breakout stays above 9dayMA (I used simple), could droop as far as 17dayMA (but haven't) correct less than 10% on first move will stay over 30% above the 30 day MA the volume is less during the 'flag' formation I think you've nailed 3. I'm not sure about CBXC- can't eyeball the formation Reason to think about Climax Runs: delivered 30% or more in 2 weeks. Reason to think they are not Climax Runs: no 3-4 stage breakout no correction of 15%, at least yet has not broken 17 day MA Other flag facts: You can approximate what else you can get out of the market, since the flag occurs at the midpoint of the rally: Minimum Measuring Formula (Edwards and Magee): Add the distance from the BO point, which started the rally to the breakout point of the flag-this is half the rally. BTW, my marble is great. TM > I see several similar charts this morning, looking like High Tight Flags > from HTMMIS. I have never bot one of these, anyone have experience with > this chart type? Specifically I'm thinking of PGEX, CBXC, BKE, SYMX. Note > that most of these are in the process of forming the formation (is that > english?) and aren't quite there yet. > > > Tim Fisher, 1995 President, Pacific Fishery Biologists > Ore-ROCK-On Rockhounding Web Site > PFB Information > mailto:tim@OreRockOn.com > WWW http://OreRockOn.com > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 13 Nov 1998 13:21:16 -0800 From: mikelu Subject: RE: [CANSLIM] Stop Loss Here it is. - -----Original Message----- From: dbphoenix [SMTP:dbphoenix@yahoo.com] Sent: Thursday, November 12, 1998 7:20 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Stop Loss <> Never let a profit turn into a loss. Never. Sell the stock, even if it means buying the stock back the same day. Consider, however, that when buying back, you start over. You look at the same chart patterns, the same price and volume activity, the same basing behavior. Otherwise, you may be buying into a deadcat bounce. You need not necessarily wait for a new high, but you do need to be assured of buying strength and you need to avoid buying too far away from support. The farther away from support you buy, the more vulnerable you are. The deeper you are into a stock, the more flexibility you have. If you're vulnerable, cover yourself. Whether the stock rebounds without you is completely irrelevant. All that matters is whether you have the discipline to make the decision. If your buying/selling strategy needs to be changed, do it later. Never change it while faced with a decision involving a stock you already own. - --Db == "Lessons are repeated until they are learned." http://home.talkcity.com/MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - - - ------------------------------ Date: Fri, 13 Nov 1998 14:31:25 -0800 (PST) From: dbphoenix Subject: RE: [CANSLIM] Stop Loss <> I'm sorry, I don't see the connection. One has to do with prematurely selling stock in which one has a profit, and the other has to do with hanging on to a stock which has slipped below one's purchase price. As I said in the original post, "the farther away from support you buy, the more vulnerable you are; the deeper you are into a stock, the more flexibility you have." In the other post, I said that one should "never let a profit turn into a loss." I did not "state a CANSLIM board message back or two that one should NEVER lose profit on a stock." If all CS stocks were sold as soon as they stopped rising, the returns would be pretty dismal. Even if they are sold at 20%, that means that with an 8% stop loss, one would have to be right at least 30% of the time just to break even ("right" being defined as a 20% return). In order to beat the market averages, you'd have to right more often that that. - --Db == "Lessons are repeated until they are learned." http://home.talkcity.com/MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 13 Nov 1998 14:34:05 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] Stop Loss <> Of course not. But if one is deep in the stock, and the stock happens to be volatile, it doesn't make sense to set a tight stop, though if that were a part of one's portfolio management strategy, it's really none of my business. OTOH, I don't think a CSer should feel compelled to bail out of everything he owns just because a pullback or even a minor correction is in store. If one is going to make money that way, he's going to have to forget about CS chart patterns and start buying as soon as the stock crosses the 200d after the market has a follow-through day. Otherwise, he'll never have enough of a profit to ride out any concerted profit-taking efforts. - --Db == "Lessons are repeated until they are learned." http://home.talkcity.com/MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 13 Nov 1998 22:34:10 -0600 From: Dave Cameron Subject: Re: [CANSLIM] Stop Loss Db makes an excellent point. My biggest winners have been ones where I held on through pauses, intermediate dips, etc. However, this year, I did manage to give back some big profits - which turned into little profits. A typical scenario was to buy a stock in February at $40 - watch it go to $55 in April - sell at $42 in June. So.... I wish I'd had some of that "eagerness" the Db rants against... dbphoenix wrote: > > I never have understood the eagerness with which so many "CANSLIMers" > sell their winners as soon as they have what they believe to be a > decent profit. It may be that you've been spending too much time with > the momentum crowd. > - - ------------------------------ Date: Fri, 13 Nov 1998 21:34:27 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] Stop Loss <> From a member of another group: <> There's no way to tell the future, but one should at least reevaluate his strategy periodically to make sure it's doing what he wants it to do. I've been going over my notes from the Winter and Spring and am really amazed at some of the bonehead moves I made. Not changing my strategy according to changing market conditions was my greatest error. It is an error I hope I won't make again, though I'm sure I will. - --Db == "Lessons are repeated until they are learned." http://home.talkcity.com/MoneySt/dbphoenix/ _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sat, 14 Nov 1998 00:03:17 -0600 From: "Richard S." Subject: Re: [CANSLIM] Notification service? Investor.com will do e-mails for you, but it is part of the premium service,and costs 9.95 a month for the whole package.. probably the best 10.00 bucks a month I ever spent. I think it will only allow you to set up 10 stocks for the e-mail notification. < Richard S. > - -----Original Message----- From: Warren Keuffel To: canslim@lists.xmission.com Date: Thursday, November 12, 1998 11:40 PM Subject: Re: [CANSLIM] Notification service? >Thanks, Joe. I checked that out, and it appears to be some kind of push >service. I am really looking for a simple email notification, not a >web-based service. If I can't find one, I will probably use the service >you suggested, but I would prefer not to primarily because I am not always >web-enabled, but I am usually always able to get my email. > >Warren > >At 04:36 PM 11/12/98 -0500, you wrote: >>Warren- >> >>Yahoo pager will do that if you aren't behind a firewall. >> >>Joe >> >> >> >> >>Warren Keuffel on 11/12/98 04:20:09 PM >> >>Please respond to canslim@lists.xmission.com >> >> >> >> To: canslim@xmission.com >> >> cc: (bcc: Joe Jungbluth/OrbMD) >> >> >> >> Subject: [CANSLIM] Notification service? >> >> >> >> >> >> >> >> >> >>Can anyone refer me to a service that will send me an email notification >>when a particular stock hits a specified price? This would be useful for >>stocks on a watch list, when you want to know if they start to move out of >>a trading range, for example. >> >>Thanks. >> >>Warren >> >> >>- >> >> >> >> >> >>- >> > > >- > > - - ------------------------------ Date: Sat, 14 Nov 1998 00:45:48 -0700 From: "James H. Coburn" Subject: [CANSLIM] [CAN SLIM] POWI (Power Integrations Inc) [Elec Products - Misc.] Has anyone been "watching" or already into POWI? C: 999%, 288%, 45%, 120% A: n/a (in DG, DGO) N: new high, new product (TinySwitch, a chip that stops 90% of energy loss in lower-power devices (vacuums, cell phones, appliances). See IBD 10/23/98, New America). S: 12 million outstanding, 4.8 float. L: EPS = 73 (a bit weak here) I: 18% funds (down from Sept (24%), up (slightly) from Oct. (17%)). M: generally up Besides not having a 5 year growth record, another mark on the negative side of POWI is its group strength at 22, it's well back in the pack. However, sometimes there are leaders and stronger co's in a weak group. On the plus side, the relative strength has been moving up strongly since mid-Oct. and the price increases have been up on STRONG volume the last 3-4 weeks. Comments? James Coburn Albuq., NM - - ------------------------------ End of canslim-digest V2 #443 ***************************** 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.