From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #449 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Friday, November 20 1998 Volume 02 : Number 449 In this issue: [CANSLIM] VTSS [CANSLIM] M Re: [CANSLIM] M [CANSLIM] New in CANLISM [CANSLIM] Online Brokers [CANSLIM] Lists [CANSLIM] Avg Volume Re: [CANSLIM] New in CANLISM Re: [CANSLIM] Lists Re: [CANSLIM] Online Brokers Re: [CANSLIM] Avg Volume Re: [CANSLIM] M Re: [CANSLIM] Online Brokers [CANSLIM] jkhy Re: [CANSLIM] Avg Volume Re: [CANSLIM] jkhy Re: [CANSLIM] Online Brokers Re: [CANSLIM] VTSS Re: [CANSLIM] Online Brokers Re: [CANSLIM] Online Brokers [CANSLIM] Breakout AEG Re: [CANSLIM] jkhy Re: [CANSLIM] AIQ Pro [CANSLIM] Departure Re: [CANSLIM] Acc/Dis Numbers Re: [CANSLIM] Departure [CANSLIM] LU Interesting charting patterns Re: [CANSLIM] AIQ Pro Re: [CANSLIM] LU Interesting charting patterns [CANSLIM] Miami Computer Supply. Re: [CANSLIM] LU Interesting charting patterns Re: [CANSLIM] Departure ---------------------------------------------------------------------- Date: Thu, 19 Nov 1998 11:34:38, -0500 From: Plovie@prodigy.com (MR RYAN P PLOVIE) Subject: [CANSLIM] VTSS Anyone every follow APCO, 5 strong buys, fits into canslim play. - - ------------------------------ Date: Thu, 19 Nov 1998 18:00:28 -0500 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] M > Date: Thu, 19 Nov 1998 17:30:31 -0500 (EST) > From: Deepak Kapur > Subject: [CANSLIM] M > > I do not know about other folks on this list, but I am amazed by > the explosive nature of this rally. It does not seem to stop. > How many expected this? > > So far buying on the dips or holding has worked mighty well. > > Regards, > > Deepak > > PS: I do not see too many messages about M, so I decided to post > this with the hope of getting some discussion going. Hi Deepak. Always amazes me how far a move will go beyond where I "think" it should. Notice the breadth, the lagging RUT, the blow off quality of the 'nuts' and the turkeys taking flight, however? Also, notice the sentiment number this week. An amazing 57% Bulls, 31.7% Bears!!! 5 year number on the bull side. We could run a ways yet, but stop loss and selling discipline is key here, regardless of what we "think", right? Good luck. JW P.S. for Connie Mack...finally got some clothes on, but still alone out here with the "M". ;) - - ------------------------------ Date: Thu, 19 Nov 1998 15:23:13 -0800 From: Tim Fisher Subject: Re: [CANSLIM] M Ya got that right pard. I put stop losses on before I even have the split shares or trades executed these days. Confuses some brokers but not others. Schwab puked on my AOL stop after the split, once over the net and once when their monkey entered it! I am worried that AOL can't hold up at this price (but after a 20 pt pre-split rally who can complain!) it was up 5 but closed up 1/4. I am worried that VTSS and INSS may not be such strong breakouts. I had my buy order on INSS yesterday filled this morning at an unreasonable open price, then saw some more "OUCH!" openings i.e. AMZN, YHOO. Betcha anyone who put in a market order at the open for them was steamed! I'd rather see sideways movement than this which looks suspiciously like a NASDAQ/tech blowoff top. The DOW sure isn't participating in any meaningful way. BTW WON said turkeys fly in a windstorm but did he mean to imply that the current run is about to end when they take off? Or is that your take on the sitch? On 03:00 PM 11/19/98 , Jeffry White Said: >> Date: Thu, 19 Nov 1998 17:30:31 -0500 (EST) >> From: Deepak Kapur >> Subject: [CANSLIM] M >> >> I do not know about other folks on this list, but I am amazed by >> the explosive nature of this rally. It does not seem to stop. >> How many expected this? >> >> So far buying on the dips or holding has worked mighty well. >> >> Regards, >> >> Deepak >> >> PS: I do not see too many messages about M, so I decided to post >> this with the hope of getting some discussion going. > > >Hi Deepak. > >Always amazes me how far a move will go beyond where I "think" it >should. > >Notice the breadth, the lagging RUT, the blow off quality of the 'nuts' >and the turkeys taking flight, however? > >Also, notice the sentiment number this week. An amazing 57% Bulls, >31.7% Bears!!! 5 year number on the bull side. > >We could run a ways yet, but stop loss and selling discipline is key >here, regardless of what we "think", right? > >Good luck. > >JW > >P.S. for Connie Mack...finally got some clothes on, but still alone out >here with the "M". ;) > Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: 19 Nov 1998 20:24:11 -0300 From: Krukever Subject: [CANSLIM] New in CANLISM I=B4m a new member of CANLISM list and i read a few things of the canlism system, but i=B4m very interested on it. As i=B4m from argentina, i have to trade online and it=B4s not too easy for me to trade in wallstreet mkt., but i=B4m trying to make the best i can. The only stock i have now is a little= of NTKI wich i bought at 10.81, hope to start with the right foot. PS: excuse me for my poor english, i=B4ve not been practising a lot= recently, but this will help. SALUDOS, DIEGO KRUKEVER.- - - ------------------------------ Date: Thu, 19 Nov 1998 19:17:35 -0500 From: "Paul A." Subject: [CANSLIM] Online Brokers Folks: I just began trading stocks, and I find that my Fidelity Fox+ software is really not at all adequate. Putting aside the $25 commission plus $5 for a limit order (they reduce this to $15 + 5 after 12 trades), you can't easily see your current positions, and you can't put in any type of stop loss orders. I'm not familiar with stock trading, so I really don't know what the range of orders that can be put in in advance are, but I'd sure like to take advantage of every one that I can. Can someone please recommend an online broker that's got excellent software that shows current positions (preferably in real time) and offers a full palette of order types? Thanks a lot. BTW, if this is something that gets discussed regularly, please let me know and I'll look up historical archives. Regards, Paul - - ------------------------------ Date: Thu, 19 Nov 1998 19:42:26 -0500 From: "Charles Cangialosi" Subject: [CANSLIM] Lists I have been looking at some other information on the internet. One was HGS, which is CANSLIM like I think. He does a news letter for $15 a month the other is HiEPSers. This looks like some sort of screening program. Does anyone have any experience on these? My feeling is that you can spend an unlimited amount of money of stuff like this and gain little. As I am new to all of this I should probably just worry about learning the basics of CANSLIM and think about getting fancy later on. Charlie - - ------------------------------ Date: Thu, 19 Nov 1998 18:13:28 -0800 From: "Patrick Wahl" Subject: [CANSLIM] Avg Volume I have been going to www.excite.com lately to get average volume and the current day's volume on some of the recent breakouts. They have a nice table on the second page, where the two are side by side, easy to get a quick read on how today's volume compares to the average volume. - - ------------------------------ Date: Thu, 19 Nov 1998 20:15:29 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] New in CANLISM Welcome to the group, Diego, and you're far better in English than I am in any other language (and after 15 years in Miami I definitely should have picked up some Spanish, and now need to learn German!!). Tom W - -----Original Message----- From: Krukever To: canslim@lists.xmission.com Date: Thursday, November 19, 1998 6:26 PM Subject: [CANSLIM] New in CANLISM I=B4m a new member of CANLISM list and i read a few things of the canlism system, but i=B4m very interested on it. As i=B4m from argentina, i have to trade online and it=B4s not too easy for me to trade in wallstreet mkt., but i=B4m trying to make the best i can. The only stock i have now is a little of NTKI wich i bought at 10.81, hope to start with the right foot. PS: excuse me for my poor english, i=B4ve not been practising a lot recently, but this will help. SALUDOS, DIEGO KRUKEVER.- - - - - ------------------------------ Date: Thu, 19 Nov 1998 17:29:27 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] Lists <> Say this to yourself over and over again. Out loud. A lot. And you will be so much farther ahead of the crowd that you won't be able to see them without binoculars. - --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: Thu, 19 Nov 1998 18:39:33 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] Online Brokers <> What timing, Paul! This just came out today: http://www.gomez.com/ - --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: Thu, 19 Nov 1998 18:46:34 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] Avg Volume <> Second page of . . .? Do you have a link? - --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: Thu, 19 Nov 1998 22:06:13 -0800 From: David Reid Subject: Re: [CANSLIM] M I dont know about yall but this looks like dejavu all over again. the last time the internets were flying like this ,nscp which imo is a turkey, flew to 44 and crashed back to earth to 14, well the this laggard turkey was flying again yesterday and seems to have already started a rapid landing. I rode her from 14 to 39 today . I guess it knew thanksgiving was coming. We may go to new highs on the dow and nasdaq but I am a bit worried about the downside. I am still in the camp that thinks we will retest the oct lows. That was good advice to set close stop loss orders, but with my broker datek they might get executed and they might not. I think I will hold on to my cash for a while. I want to own aol and yahoo but not at these levels. Tim Fisher wrote: > Ya got that right pard. I put stop losses on before I even have the split > shares or trades executed these days. Confuses some brokers but not others. > Schwab puked on my AOL stop after the split, once over the net and once when > their monkey entered it! > > I am worried that AOL can't hold up at this price (but after a 20 pt pre-split > rally who can complain!) it was up 5 but closed up 1/4. I am worried that VTSS > and INSS may not be such strong breakouts. I had my buy order on INSS > yesterday filled this morning at an unreasonable open price, then saw some more > "OUCH!" openings i.e. AMZN, YHOO. Betcha anyone who put in a market order at > the open for them was steamed! I'd rather see sideways movement than this which > looks suspiciously like a NASDAQ/tech blowoff top. The DOW sure isn't > participating in any meaningful way. > > BTW WON said turkeys fly in a windstorm but did he mean to imply that the > current run is about to end when they take off? Or is that your take on the > sitch? > > On 03:00 PM 11/19/98 , Jeffry White Said: > >> Date: Thu, 19 Nov 1998 17:30:31 -0500 (EST) > >> From: Deepak Kapur > >> Subject: [CANSLIM] M > >> > >> I do not know about other folks on this list, but I am amazed by > >> the explosive nature of this rally. It does not seem to stop. > >> How many expected this? > >> > >> So far buying on the dips or holding has worked mighty well. > >> > >> Regards, > >> > >> Deepak > >> > >> PS: I do not see too many messages about M, so I decided to post > >> this with the hope of getting some discussion going. > > > > > >Hi Deepak. > > > >Always amazes me how far a move will go beyond where I "think" it > >should. > > > >Notice the breadth, the lagging RUT, the blow off quality of the 'nuts' > >and the turkeys taking flight, however? > > > >Also, notice the sentiment number this week. An amazing 57% Bulls, > >31.7% Bears!!! 5 year number on the bull side. > > > >We could run a ways yet, but stop loss and selling discipline is key > >here, regardless of what we "think", right? > > > >Good luck. > > > >JW > > > >P.S. for Connie Mack...finally got some clothes on, but still alone out > >here with the "M". ;) > > > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > - - - ------------------------------ Date: Thu, 19 Nov 1998 20:23:30 -0800 (PST) From: rolatzi Subject: Re: [CANSLIM] Online Brokers Paul, I trade with Fidelity using their web site. It's not the greatest but is quite adequate. The executions seem to be good and it 14.95 for a market order and 19.95 for a limit order. There is also a phone number for frequent and option traders that puts you in touch with more knowledgeable people. I would like better charting facilities from them. I seem to have unlimited real time quotes which you can only do 10 at a time but you can coninually paste in your list. It you have other questions you can e-mail me. Ciao, rolatzi - ---"Paul A." wrote: > > Folks: > > I just began trading stocks, and I find that my Fidelity Fox+ software is > really not at all adequate. Putting aside the $25 commission plus $5 for a > limit order (they reduce this to $15 + 5 after 12 trades), you can't easily > see > your current positions, and you can't put in any type of stop loss orders. > > I'm not familiar with stock trading, so I really don't know what the range of > orders that can be put in in advance are, but I'd sure like to take advantage > of every one that I can. > > Can someone please recommend an online broker that's got excellent software > that shows current positions (preferably in real time) and offers a full > palette of order types? > > Thanks a lot. > > BTW, if this is something that gets discussed regularly, please let me know > and > I'll look up historical archives. > > Regards, > > Paul > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Thu, 19 Nov 1998 21:53:02 -0800 From: "Patrick Wahl" Subject: [CANSLIM] jkhy Jack Henry (JKHY) appeared to breakout out of a funnel with handle today on good volume, 216k vs. avg. vol. of 124k (from the previously mentioned excite site). Price volatility really shriveled up in the last few days prior to today. - - ------------------------------ Date: Thu, 19 Nov 1998 22:00:17 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Avg Volume Date sent: Thu, 19 Nov 1998 18:46:34 -0800 (PST) From: dbphoenix > < and the current day's volume on some of the recent breakouts. > They have a nice table on the second page>> > > Second page of . . .? Do you have a link? If you go to Excite, (www.excite.com), then type in a stock symbol in the little quote window they have on that front page, it will take you to quicken, which brings up that quote page I mentioned with the avg. volume displayed side by side with today's volume, plus some other stuff. - - ------------------------------ Date: Thu, 19 Nov 1998 21:07:13 -0800 From: Tim Fisher Subject: Re: [CANSLIM] jkhy Have been holding this one since the previous b/o at the beginning of the month; this looks like a stronger move, could be a 2nd stage b/o. At 09:53 PM 11/19/98 -0800, you wrote: >Jack Henry (JKHY) appeared to breakout out of a funnel with >handle today on good volume, 216k vs. avg. vol. of 124k (from the >previously mentioned excite site). Price volatility really shriveled up >in the last few days prior to today. > 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, 20 Nov 98 07:34:43 -0500 From: "Robert Gammon" Subject: Re: [CANSLIM] Online Brokers On Thu, 19 Nov 1998 19:17:35 -0500, Paul A. wrote: >Folks: > >I just began trading stocks, and I find that my Fidelity Fox+ software is >really not at all adequate. Putting aside the $25 commission plus $5 for a >limit order (they reduce this to $15 + 5 after 12 trades), you can't easily >see your current positions, and you can't put in any type of stop loss orders. > >I'm not familiar with stock trading, so I really don't know what the range of >orders that can be put in in advance are, but I'd sure like to take advantage >of every one that I can. > >Can someone please recommend an online broker that's got excellent software >that shows current positions (preferably in real time) and offers a full >palette of order types? > >Thanks a lot. Paul, in addition to the gomez advisors site already pointed out, you may wish to visit http://www.sonic.net/donaldj Don provides a listing, sorted several different ways, of Internet brokerages. All of these provide interfaces to your portfolio via the www, so the only S/W you need is an internet account, and a www browser. Robert - - ------------------------------ Date: Fri, 20 Nov 1998 07:25:08 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] VTSS Date sent: Thu, 19 Nov 1998 08:15:08 -0800 (PST) From: dbphoenix > VTSS may finally be making its move. Up 2 and 700K so far. > Final tally was 1.7 mil. shares versus an average of 1.5 million per day, so not a big gain in volume, plus by my reading of the chart it didn't quite clear the handle. I think I'll be monitoring it tomorrow though, very close to breaking out. - - ------------------------------ Date: Fri, 20 Nov 1998 09:49:01 -0500 From: "Thomas A. Moulton" Subject: Re: [CANSLIM] Online Brokers >Can someone please recommend an online broker that's got excellent software >that shows current positions (preferably in real time) and offers a full >palette of order types? See Scottsdale Securities www.scottrade.com $7/trade Market $12/Limit I think option trades start at $15 Decent web site, free telco real-time quotes, worth looking into - - ------------------------------ Date: Thu, 19 Nov 1998 21:53:56 -0800 From: David Reid Subject: Re: [CANSLIM] Online Brokers I use Datek . they are usually pretty good . they have RTQ for free,9.99 trades, up to date portfolios, and low margin rates.. they dont offer stop orders on the NYSE but do on the NASDQ exchange. Sometimes their servers are real slow or down during critical times, and customer service is nonexistant. For instance today I tried to log on at the open to sell nscp, it had ran up to 45 . Their damn server was down until 10:15 and their customer service # to use a broker went unanswered. By the time I logged on around 10:20 the price had dropped to 42 I put in a sell order that is supposed to executed in 1 minute, and it took almost 8 minutes to execute, so my stock was sold at market at 39 11\16 . needless to say I was pissed. This dont happen with them very often but of all days it happened to me today. I had been sitting on this stock a couple of months and it finally made a big move and datek cost me at least 5 more points to the upside. hope this helps David "Paul A." wrote: > Folks: > > I just began trading stocks, and I find that my Fidelity Fox+ software is > really not at all adequate. Putting aside the $25 commission plus $5 for a > limit order (they reduce this to $15 + 5 after 12 trades), you can't easily > see > your current positions, and you can't put in any type of stop loss orders. > > I'm not familiar with stock trading, so I really don't know what the range of > orders that can be put in in advance are, but I'd sure like to take advantage > of every one that I can. > > Can someone please recommend an online broker that's got excellent software > that shows current positions (preferably in real time) and offers a full > palette of order types? > > Thanks a lot. > > BTW, if this is something that gets discussed regularly, please let me know > and > I'll look up historical archives. > > Regards, > > Paul > > - - - ------------------------------ Date: Fri, 20 Nov 1998 22:21:38 +0700 From: "Peter D. Christiansen" Subject: [CANSLIM] Breakout AEG It looks like AEG is making a move today. - -- Peter Christiansen Chiang Mai - Thailand * "Poverty is not a mortgage on the labor of others - misfortune is not a mortgage on achievement - failure is not a mortgage on success - suffering is not a claim check, and its relief is not the goal of existence - man is not a sacrificial animal on anyone's altar nor for anyone's cause - life is not one huge hospital." -- "Apollo 11," The Objectivist * - - ------------------------------ Date: Fri, 20 Nov 1998 10:19:54 -0500 From: "Joe Jungbluth" Subject: Re: [CANSLIM] jkhy FWIW- I was playing with QuoteGrabber, a nice little piece of shareware from www.aparima.com/quote, and the news for JKHY had the insider trades update. Almost 750000 shares have been or are planned to be sold by insiders since last December while no insider has bought any shares. I don't know what the float is but there are about 19,000,000 shares issued so this number may not have any significance. It just caught my eye. "Patrick Wahl" on 11/20/98 12:53:02 AM Please respond to canslim@lists.xmission.com To: canslim@lists.xmission.com cc: (bcc: Joe Jungbluth/OrbMD) Subject: [CANSLIM] jkhy Jack Henry (JKHY) appeared to breakout out of a funnel with handle today on good volume, 216k vs. avg. vol. of 124k (from the previously mentioned excite site). Price volatility really shriveled up in the last few days prior to today. - - - - ------------------------------ Date: Fri, 20 Nov 1998 10:40:13 -0500 From: Walter Stock Subject: Re: [CANSLIM] AIQ Pro dbphoenix wrote: > I assume from the way your post is worded that you'd be getting your > fundamentals updates from DialData. DialData imports its fundamental > data directly from Market Guide. You can get the same thing from the > Market Guide site for free, though there are other sites that are as > good or better which are also free. > > If you can be satisfied with two years' worth of data, EOD downloads > from DialData cost only $30 (and there are other vendors which are > even less), so the deal that AIQ seems to be providing may not be so > much of a deal after all. > > --Db No, the deal is pretty good. On a CD you get data going back five years for S&P 500 stocks, data going back 20 years on select indices (for market timing purposes), data going back 5 years for other indices, and Sector and Industry Group lists. Other data is available if you want it.. In Canada, AIQ is also a standard package used by brokers. One of the reasons is how well it does industry group analysis (for Canadian as well as US stocks). Walter Stock Oakville, ON Canada - - ------------------------------ Date: Fri, 20 Nov 1998 10:52:14 -0600 From: Dave Cameron Subject: [CANSLIM] Departure This message is to take the opportunity to thank you all for your help. I am regretfully unsubscribing from the CANSLIM list. I have learned many things in my years (wow!) on this list. I have also shared many things. I also believe I have made many friends. I think this is a great group, and that CANSLIM is a viable method for investing. So why am I leaving? And why am I telling you? I'm leaving because: 1. I consistently made money before my daughter was born (April 1996). Since then, I've lost money enough times to counteract my gains. This is in great part due to the fact that my daughter has (rightly) replaced investing in my priorities. 2. Even when I concentrate now, and really put time into it, the success method I had in '94 and '95 are not working. This may be because of some intuitive feel I had when trading/investing was a higher priority. In the last couple of years I've had a 70% loss due to a major opening gap, I've had many, many stocks which I've been stopped out at 6,7,10% only to watch them rebound and run away. I still have decent gains on some stocks, but then I lose them in the slow, painful result mentioned above. 3. I tried altering my style to say "gee... since I keep getting stopped out at 7% - and then the stock rebounds - let's set the target at 12%". Well... that was a mistake, YOU guessed it - I lost 12%. Then, after dropping about 20% - the stock generally rebounded to above where I bought it. Of course, this happened when small stocks started to fall but the big caps hadn't yet. 4. I almost always only buy small stocks, and this year, without the ability to really make this my top focus, that strategy has been disastrous. I can't change my psyche on investing in smaller companies. If I wanted to invest in BIG caps, I'd buy mutual funds. I do know that one MUST trade in accordance with one's psychology. Bottom line: CANSLIM won't work for me - unless I am very dedicated to it - at the expense of my family. I am not willing to make that trade-off. Why am I sharing this? Because I respect many of you. I have formed friendships with many of you. I think I've helped keep this group going in its early days. AND... maybe some of you who are losing money can learn from my experience. To be successful in CANSLIM, it can't be a sporadic hobby. I will be unwinding my positions gradually - and convert to mutual funds. O'Neil has often said, if you don't have the time, that is the best approach. I'll be on for a couple days. Sincere regards, Dave Cameron dfcameron@ameritech.net - - ------------------------------ Date: Fri, 20 Nov 1998 12:40:38 -0500 From: Walter Stock Subject: Re: [CANSLIM] Acc/Dis Numbers Frank V. Wolynski wrote: > I have posted a chart that I keep of the IBD ABCDE data, raw and ratios at > http://www.geocities.com/TelevisionCity/1990/ Hi Frank, Am way behind in my Canslim email and just got to your site today. Visuals (charts) tell me more and in less time than spreadsheets. Very nice work! Thank you. Walter - - ------------------------------ Date: Fri, 20 Nov 1998 18:46:00 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] Departure Dave, Sad to see that you are leaving, but glad to see that you have your priorities right. I hope you will earn good money with the mutual funds, and will continue to spend quality time with your daughter. Thank you for sharing your insights, both now and in the past. If you are ever in Belgium you are always welcome in my house. Best Regards, Johan At 10:52 AM 20-11-98 -0600, you wrote: >This message is to take the opportunity to thank you all for >your help. I am regretfully unsubscribing from the CANSLIM >list. [snip] - - ------------------------------ Date: Fri, 20 Nov 1998 12:54:42 -0500 From: "Thomas A. Moulton" Subject: [CANSLIM] LU Interesting charting patterns I have been watching Lucent (LU) and it has developed a couple of classic patterns (i think) and would love to hear what you think of my thoughts as well as the patterns To do this real justice I should annotate a graph image but I don't have the tools here. A - Weekly w/MACD Histogram Trend is Up since Oct correction. B- Daily Trend is down, Note Price peaks around 90 11/11 and 11/19 Question - On the second peak MACD is much lower is this a Bearish Divergence? C - Daily Stochastic Less Oversold on 11/18 - Bearish(?) D - Hourly MACD Histogram- I see that 11/11 was a peak and the times leading into it were negative and 11/19 was a bigger peak E - Hourly Stochastic 11/18 More Oversold than 11/19 but 11/19 had a higher high A and B make we want to watch it for a Buy (first 2 of triple screen) (I missed what I think may be a Bearish Divergence) (I should have sold short?) C - Confirms Bearish D - not sure if this is useful right now E - Confirms Bearish << PAPER TRADING>> I got into the stock on 11/18 at 89 1/4 since the pull back was over and I thought the Daily trend was reversing. My Stop is at 84. I am tempted to add to my position because of A and D, but that may be just seeing what I "want" to see. I think it is time to start understanding a new Technical Indicator. learning every day tom - - ------------------------------ Date: Fri, 20 Nov 1998 08:56:23 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] AIQ Pro <> Which is why I said "if you can be satisfied with two years' of data". No need to pay for something you don't want and will never use. If you do want it and will use it, that's another matter. - --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, 20 Nov 1998 11:34:11 -0800 From: Tim Fisher Subject: Re: [CANSLIM] LU Interesting charting patterns To be honest I don't know what you see in this chart from a CANSLIM perspective. It could be one of dB's funnels with a handle but it has smacked up against resistance at 90 and I don't see it breaking through it. So no typical CANSLIM formation, no breakout, not yet within reach of the old high, no other N's (I didn't really check this last, just the news lately on it is not so special). In fact they are selling 500M in new debt, that alone would keep me out of it until the sale is completed. Also marginal on the rest of the CANSLIM characteristics, i.e., seesaw earnings, big debt, no insiders, huge market cap. On 09:54 AM 11/20/98 , Thomas A. Moulton Said: >I have been watching Lucent (LU) and it has developed a couple >of classic patterns (i think) and would love to hear what you think >of my thoughts as well as the patterns > >To do this real justice I should annotate a graph image but I >don't have the tools here. > >A - Weekly w/MACD Histogram Trend is Up since Oct correction. > >B- Daily Trend is down, Note Price peaks around 90 11/11 and 11/19 > > Question - On the second peak MACD is much lower is this a > Bearish Divergence? > >C - Daily Stochastic Less Oversold on 11/18 - Bearish(?) > >D - Hourly MACD Histogram- I see that 11/11 was a peak and > the times leading into it were negative and 11/19 was a > bigger peak > >E - Hourly Stochastic 11/18 More Oversold than 11/19 but > 11/19 had a higher high > > >A and B make we want to watch it for a Buy (first 2 of triple screen) >(I missed what I think may be a Bearish Divergence) >(I should have sold short?) > >C - Confirms Bearish >D - not sure if this is useful right now >E - Confirms Bearish > ><< PAPER TRADING>> > >I got into the stock on 11/18 at 89 1/4 since the pull back was over >and I thought the Daily trend was reversing. My Stop is at 84. > >I am tempted to add to my position because of A and D, but that >may be just seeing what I "want" to see. > >I think it is time to start understanding a new Technical Indicator. > >learning every day > >tom > > >- > Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Fri, 20 Nov 1998 14:40:22 -0500 From: olafur.josefsson@analog.com (Oli Josefsson) Subject: [CANSLIM] Miami Computer Supply. Greetings. I have had Miami Computer Supply (MCSC) on me watch list for a long time. In fact I purchased a good chunk of shares the day before Greenspan opened his mouth in July, that sort of market the start of the market slide that we saw late summer. MCSC was breaking out beautifully from a W type of base, on "massive" volume (relatively speaking). I purchased my shares at around $20 at that time which may have been on the top side of what WON would have recommended. In any case, I sold with about 10% loss in the correction. Now, MCSC has completed another base, I am not sure whether to call it a W that extends all the way from May, or a cup with a flat handle that starts in July. In any case, yesterday MCSC finally showed some sign of life. The base was perfect, All the canslim stats look great (I do not have them with me here at work) except sponsorship which is E (but this is true for many small caps these days). Also, insiders have been doing some big purchases. Hard to imagine a more perfect setup for a breakout. Well, yesterday the stock showed some signs of life which I did not notice until last night - also the action was not that convincing since the price did not increase all that much. I did some further research on the company last night and pretty much everything that I look for, in addition to CANSLIM stats, looks good with the exeption of their net profit margin which is a measly couple of percent or so. Much to my annoyance a story has apparently been written up today in BW on MCSC and the insiders purchases. This is probably why the stock is acting the way it is today: up about 17% on 6X normal volume. I could not be close to me computer this morning so I could not get in early. So my questions to the list are 1)is this yet another stock that got away from me ? Is it not too extended today after such a rise. 2) Can we assume that the effect of the BW story are only temporary and that this is not a real breakout, and as a result I should wait and expect the price to go lower short term before continuing to rise. 3) or will this rise in price and volume only cause people to pay attention (IBD will probably mention MCSC over the weekend) and result in more buyers getting into the action. I am pondering what I can learn from this. I have been watching this stock very carefully for about half a year now and basically could not have gotten in at "exactly the right" time unless I was working part time or simply not at all. Do other members feel that work prevents them from buying stocks that are not too far extended? This is frequently my experience with small caps. I would appreciate it if you could mail me your thoughts directly in addition to the list since I get the digested version of the list. Thanks, Oli. - - ------------------------------ Date: Fri, 20 Nov 1998 14:50:06 -0500 From: "Thomas A. Moulton" Subject: Re: [CANSLIM] LU Interesting charting patterns - -----Original Message----- From: Tim Fisher To: canslim@lists.xmission.com Date: Friday, November 20, 1998 2:35 PM Subject: Re: [CANSLIM] LU Interesting charting patterns >To be honest I don't know what you see in this chart from a CANSLIM >perspective. It could be one of dB's funnels with a handle but it has smacked You are right. Had I read the news a little more it would explain why I am seeing the Bearish chart patterns I noted below... ********* Naturally I would buy the day before the Bond Issue is made public... I guess the stock did turn on me over night and I guess I could not have seen it coming... > >On 09:54 AM 11/20/98 , Thomas A. Moulton Said: >>I have been watching Lucent (LU) and it has developed a couple >>of classic patterns (i think) and would love to hear what you think >>of my thoughts as well as the patterns >> >>To do this real justice I should annotate a graph image but I >>don't have the tools here. >> >>A - Weekly w/MACD Histogram Trend is Up since Oct correction. >> >>B- Daily Trend is down, Note Price peaks around 90 11/11 and 11/19 >> >> Question - On the second peak MACD is much lower is this a >> Bearish Divergence? >> >>C - Daily Stochastic Less Oversold on 11/18 - Bearish(?) >> >>D - Hourly MACD Histogram- I see that 11/11 was a peak and >> the times leading into it were negative and 11/19 was a >> bigger peak >> >>E - Hourly Stochastic 11/18 More Oversold than 11/19 but >> 11/19 had a higher high >> >> >>A and B make we want to watch it for a Buy (first 2 of triple screen) >>(I missed what I think may be a Bearish Divergence) >>(I should have sold short?) >> >>C - Confirms Bearish >>D - not sure if this is useful right now >>E - Confirms Bearish >> >><< PAPER TRADING>> >> >>I got into the stock on 11/18 at 89 1/4 since the pull back was over >>and I thought the Daily trend was reversing. My Stop is at 84. >> >>I am tempted to add to my position because of A and D, but that >>may be just seeing what I "want" to see. >> >>I think it is time to start understanding a new Technical Indicator. >> >>learning every day >> >>tom >> >> >>- >> > >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > >- > - - ------------------------------ Date: Fri, 20 Nov 1998 12:05:58 -0800 (PST) From: TM Subject: Re: [CANSLIM] Departure Dave, I've read the archives and would like to thank you for your contributions over the years. You couldn't be making a better decision during this exciting, rewarding phase of life. I can't help but think that your daughter is in good hands. TM - ---Dave Cameron wrote: > > This message is to take the opportunity to thank you all for > your help. I am regretfully unsubscribing from the CANSLIM > list. I have learned many things in my years (wow!) on this > list. I have also shared many things. I also believe I > have made many friends. I think this is a great group, and > that CANSLIM is a viable method for investing. > > So why am I leaving? And why am I telling you? > > I'm leaving because: > 1. I consistently made money before my daughter was > born (April 1996). Since then, I've lost money > enough times to counteract my gains. This is > in great part due to the fact that my daughter > has (rightly) replaced investing in my priorities. > > 2. Even when I concentrate now, and really put time > into it, the success method I had in '94 and '95 > are not working. This may be because of some > intuitive feel I had when trading/investing was > a higher priority. In the last couple of years > I've had a 70% loss due to a major opening gap, > I've had many, many stocks which I've been stopped > out at 6,7,10% only to watch them rebound and > run away. I still have decent gains on some stocks, > but then I lose them in the slow, painful result > mentioned above. > > 3. I tried altering my style to say "gee... since I > keep getting stopped out at 7% - and then the stock > rebounds - let's set the target at 12%". Well... > that was a mistake, YOU guessed it - I lost 12%. > Then, after dropping about 20% - the stock generally > rebounded to above where I bought it. Of course, > this happened when small stocks started to fall but > the big caps hadn't yet. > > 4. I almost always only buy small stocks, and this year, > without the ability to really make this my top focus, > that strategy has been disastrous. I can't change > my psyche on investing in smaller companies. If I > wanted to invest in BIG caps, I'd buy mutual funds. > I do know that one MUST trade in accordance with > one's psychology. > > Bottom line: CANSLIM won't work for me - unless I am very > dedicated to it - at the expense of my family. > I am not willing to make that trade-off. > > > > Why am I sharing this? > > Because I respect many of you. I have formed friendships > with many of you. I think I've helped keep this group > going in its early days. AND... maybe some of you who > are losing money can learn from my experience. To be > successful in CANSLIM, it can't be a sporadic hobby. > > I will be unwinding my positions gradually - and convert > to mutual funds. O'Neil has often said, if you don't > have the time, that is the best approach. > > I'll be on for a couple days. > > Sincere regards, > > Dave Cameron > dfcameron@ameritech.net > > > > - > > _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ End of canslim-digest V2 #449 ***************************** 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.