From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #451 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Sunday, November 22 1998 Volume 02 : Number 451 In this issue: Re: [CANSLIM] Departure Re: [CANSLIM] Puts/Calls ratio [CANSLIM] IBD Industry Groups - 1 Week Performances [CANSLIM] IBD Industry Groups - 4 Week Performances [CANSLIM] intro: Dave Wood Re: Fw: [CANSLIM] If ya can't beat 'em... (NON-CANSLIM!) [CANSLIM] update Re: [CANSLIM] jkhy Re: [CANSLIM] intro: Dave Wood Re: [CANSLIM] VTSS Re: [CANSLIM] jkhy Re: [CANSLIM] Opinion on my stock picks [CANSLIM] bases:: how to you figure where the base is?? Re: [CANSLIM] jkhy Re: [CANSLIM] bases:: how to you figure where the base is?? Re: [CANSLIM] jkhy Re: [CANSLIM] bases:: how to you figure where the base is?? [CANSLIM] DGO's New Highs [CANSLIM] Vix [CANSLIM] ACC/Dis Numbers Re: [CANSLIM] ACC/Dis Numbers Re: [CANSLIM] ACC/Dis Numbers Re: [CANSLIM] ACC/Dis Numbers Re: [CANSLIM] ACC/Dis Numbers [CANSLIM] Re: Diego Krukever pick lcos Re: [CANSLIM] Departure [CANSLIM] New: Quotes Plus discussion list [CANSLIM] Group Data ---------------------------------------------------------------------- Date: Sat, 21 Nov 1998 18:53:28 -0500 From: Walter Stock Subject: Re: [CANSLIM] Departure Dave Cameron wrote: > in great part due to the fact that my daughter > has (rightly) replaced investing in my priorities. Hi Dave, As the father of a little boy who is now in school full-time, I have walked your path. It sounds as if she is a little over 2 1/2 years old... a magical time.... Sooner than it seems right now, she will begin school, create new friendships, and slowly begin the long process of orienting herself more to the outside world. Which is all to say, that the time you spend with her right now will pay more important dividends than investing ever could. Perhaps you will find (as I did) that after she starts school that there will be time again for Canslim. All the best, Walter - - ------------------------------ Date: Sat, 21 Nov 1998 18:57:20 -0500 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Puts/Calls ratio At 16:52 11/21/98 -0500, you wrote: >Noticed the Put/Call ratio is on the verge of a 5 year low, another >contrary indicator suggesting danger I suppose. > >Still no significant distribution in the indices I watch, however. > >JW > Didn't we get yet another follow-thru day on Friday? Dow up over 1% on more volume than Thursday. At least it appears that way at Decision Point. http://www.decisionpoint.com/DailyCharts/CandleSplash.html By the way, it is a great place for volume on all (except the S&P) the indices. Isn't the Transportation Index and Utilities lagging so badly a curiousity? I'm absolutely retarded when it comes to spotting cups w/handles. Is the TRAN putting one in? It definitely looks like an upside down Head and Shoulders. The way I read the neckline, a projection to 3050 would complete the countertrend rally. From there who knows. Probably sideways, argh!!! Regards, Frank Wolynski - - ------------------------------ Date: Sat, 21 Nov 1998 20:00:27 -0500 From: "Frank V. Wolynski" Subject: [CANSLIM] IBD Industry Groups - 1 Week Performances 1 Week Group Performance Tabulations: Best 1 Week Performance: 1Wk Percentage This Week Last Week Rank Group Gain IBD Ranking IBD Ranking 0000,8080,0000# 1 Computer Softwr-Internet 27.7 1 1 # 2 Retail-Consumer Elect 12.0 48 124 # 3 Computer-Local Networks 10.2 8 13 # 4 Medical-Drug/Diversified 9.9 23 25 # 5 Auto Mfrs-Foreign 8.6 77 155 # 6 Computer-Memory Devices 8.4 3 6 # 7 Banks-Money Center 8.4 181 192 # 8 Insurance-Diversified 7.1 63 69 # 9 Computer Softwr-Med 6.9 52 50 #10 Banks-Foreign 6.7 88 121 Worst 1 Week Performance: 1Wk Percentage This Week Last Week Rank Group Gain IBD Ranking IBD Ranking ffff,0000,0000#188 Oil&Gas-Cdn Exp&Prod -1.8 97 92 #189 Machinery-Farm -1.9 194 193 #190 Pollution Control-Svcs -2.0 103 74 #191 Steel-Producers -2.0 189 183 #192 Metal Ores-Gold/Silver -2.0 59 43 #193 Elec-Parts Distributors -2.1 116 73 #194 Real Estate Operations -3.2 113 132 #195 Oil & Gas-Drilling -3.4 185 173 #196 Oil&Gas-US Explo&Prod -3.4 172 153 #197 Oil&Gas-Machinery/Equip -5.4 186 175 FWIW, Frank Wolynski - - ------------------------------ Date: Sat, 21 Nov 1998 20:00:39 -0500 From: "Frank V. Wolynski" Subject: [CANSLIM] IBD Industry Groups - 4 Week Performances 4 Week Group Performance Tabulations: Best 4 Week Performance: 1Wk Percentage This Week Last Week Rank Group Gain IBD Ranking IBD Ranking 0000,8080,0000# 1 Computer Softwr-Internet 93.1 1 1 # 2 Computer-Memory Devices 26.7 3 6 # 3 Computer-Local Networks 22.3 8 13 # 4 Elec-Semiconductor Mfg 22.1 2 4 # 5 Computer Softwr-Educ/Entr 21.8 31 33 # 6 Computer Softwr-Security 21.7 70 99 # 7 Retail-Consumer Elect 20.6 48 124 # 8 Computer Softwr-Desktop 20.6 13 17 # 9 Computer-Mini/Micro 18.8 5 8 #10 Medical-Whsle Drg/Sund 18.7 11 10 Worst 4 Week Performance: 1Wk Percentage This Week Last Week Rank Group Gain IBD Ranking IBD Ranking 0000,8080,0000#188 Steel-Producers 0.3 189 183 ffff,0000,0000#189 Oil&Gas-Field Services -0.4 182 180 #190 Metal Ores-Misc -0.6 101 117 #191 Food-Flour & Grain -0.8 95 62 #192 Oil & Gas-US Royalty Tr -0.8 143 113 #193 Metal Prod-Distributor -2.1 167 176 #194 Real Estate Operations -2.4 113 132 #195 Oil&Gas-US Explo&Prod -3.3 172 153 #196 Oil & Gas-Drilling -5.2 185 173 #197 Oil&Gas-Machinery/Equip -8.0 186 175 FWIW, Frank Wolynski - - ------------------------------ Date: Sat, 21 Nov 1998 19:07:23 -0600 (CST) From: mckeener@ix.netcom.com Subject: [CANSLIM] intro: Dave Wood Dave, Welcome to the group, Dave. I look forward to your posts. Regards, Mary - - ------------------------------ Date: Sat, 21 Nov 1998 17:55:09 -0800 (PST) From: dbphoenix Subject: Re: Fw: [CANSLIM] If ya can't beat 'em... (NON-CANSLIM!) <> http://moneycentral.msn.com/articles/invest/jubak/2816.asp Good Jubak article on "regret mistakes". - --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, 21 Nov 1998 21:15:12 -0800 From: "Patrick Wahl" Subject: [CANSLIM] update Put a chart of VTSS and NASDAQ together up at my page, might be of some interest, also Ascend, forming a constructive pattern. http://home.att.net/~pwahl/ - - ------------------------------ Date: Sat, 21 Nov 1998 21:23:01 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] jkhy Date sent: Sat, 21 Nov 1998 14:46:02 -0800 (PST) From: dbphoenix > Does anyone know of any particular reason why the earnings are > expected to be so uninspiring for the next two quarters (though I > notice that estimates are beginning to be revised upward)? My first response would be to say that analysts are blockheads, but I don't suppose that is very useful. I think analysts tend to underestimate growth at very fast growing companies. JKHY actually has accelerating earnings growth, so until I see the brakes put on, I would tend to think we can expect continued rapid growth. I wish I could remember the name of the book, but a few years ago I read a book where the guy took a few thousand dollars and tried to make money investing with it. Since he was a writer, he had access to a lot of wall street people, and got to see how analysts operate, how brokers are trained, how the futures makets work. Very jaded view of things, has made me skeptical of analysts reports ever since. In a nutshell, all the analysts he talked to talked to the same company representative, were all fed the same information, didn't seem to do much analysis, were pretty much guided by what the company told them. And even though several analysts might follow a company, it seemed they were likely to be talking to the same person, therefore all receiveing the same information. - - ------------------------------ Date: Sun, 22 Nov 1998 08:45:04 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] intro: Dave Wood Welcome to the group, Dave. Is your business admin in any particular sector, or is there a sector you specially favor now? Tom W - -----Original Message----- From: Dave Wood To: canslim@xmission.com Date: Saturday, November 21, 1998 12:22 PM Subject: [CANSLIM] intro: Dave Wood I would like to introduce myself to everyone. I am 34 years old , and live in Gilman Vermont - a small town in the northern part of the state. I've been using canslim for most of this decade. I have a B.Sc. in business administration from Lyndon State College. I make my living by trading for my own account. I look forward to participating in this group. - - - - ------------------------------ Date: Sun, 22 Nov 1998 06:04:04 -0800 From: Tim Fisher Subject: Re: [CANSLIM] VTSS VTSS' beta is 0.99, Doesn't get much more faithful than that! At 09:15 PM 11/21/98 -0800, you wrote: >Put a chart of VTSS and NASDAQ together up at my page, might >be of some interest, also Ascend, forming a constructive pattern. > >http://home.att.net/~pwahl/ > Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Sun, 22 Nov 1998 08:57:40 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] jkhy Excellent points, Patrick, esp the "blockhead" and analysts talking to the same company reps without doing true analysis. My favorite story is attending a shareholder meeting about a year ago, in which we were voting to accept a buyout offer at a fixed price plus a "bonus" based on profits and asset appreciation. The company tried to steer the valuation of this bonus towards 9 cents a share, but I piped up with my two cents worth and questioned the CEO and CFO, indicating my analysis indicated a range for the bonus of 25 to 32 cents. Both responded, admitting that 9 cents was conservative, but a more realistic figure was around 15 cents. Bottom line: the final figure was 28 cents a share. Analysts are far too often guilty of taking the "safe road" and parroting what the company says, rather than doing their own independent homework. In my case, based on what the CEO and CFO admitted, most analysts would have then indicated a range of 10 to 15 cents for the "bonus", I seriously doubt any would have been as aggressive as I. Tom W - -----Original Message----- From: Patrick Wahl To: canslim@lists.xmission.com Date: Saturday, November 21, 1998 11:21 PM Subject: Re: [CANSLIM] jkhy Date sent: Sat, 21 Nov 1998 14:46:02 -0800 (PST) From: dbphoenix > Does anyone know of any particular reason why the earnings are > expected to be so uninspiring for the next two quarters (though I > notice that estimates are beginning to be revised upward)? My first response would be to say that analysts are blockheads, but I don't suppose that is very useful. I think analysts tend to underestimate growth at very fast growing companies. JKHY actually has accelerating earnings growth, so until I see the brakes put on, I would tend to think we can expect continued rapid growth. I wish I could remember the name of the book, but a few years ago I read a book where the guy took a few thousand dollars and tried to make money investing with it. Since he was a writer, he had access to a lot of wall street people, and got to see how analysts operate, how brokers are trained, how the futures makets work. Very jaded view of things, has made me skeptical of analysts reports ever since. In a nutshell, all the analysts he talked to talked to the same company representative, were all fed the same information, didn't seem to do much analysis, were pretty much guided by what the company told them. And even though several analysts might follow a company, it seemed they were likely to be talking to the same person, therefore all receiveing the same information. - - - - ------------------------------ Date: Sun, 22 Nov 1998 09:28:43 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Opinion on my stock picks Hi Diego, No one can "choose" the right stocks for you better than you can. However, some feedback on the ones you mention: NTKI - RS 17, EPS 39 takes it out of CANSLIM consideration. May be value there but not from a CS perspective. LCOS - RS of 99 but EPS of 11, and way, way too extended for CANSLIM. Right now, at 65 and the nearest excuse for a base at 30, it's been a nice ride for those in it early, but does not suggest an upcoming entry point. JKHY - Base at 49, possible breakout for past two days, 98/96 EBAY - recent successful IPO, great ride for those in early, not CANSLIM VTSS - 94/98, nice base, only 4% management ownership and 40% funds ownership, which would deny it full CANSLIM consideration INKT - EPS of 5 takes it off CANSLIM consideration MCSC - been on my watch list for long time, but I missed it's breakout on news, now too extended (base around 20, trading 25 thus well beyond 10% extended, 98/98). Tom W - -----Original Message----- From: Krukever To: canslim@lists.xmission.com Date: Saturday, November 21, 1998 6:57 PM Subject: [CANSLIM] Opinion on my stock picks >- -----Original Message----- >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 Thanks for the welcome TOM, now i want to make some trading and i have the million question... What do you (not just Tom but everyone who wants to answer) think about this lists of stocks? As i=B4ve mentioned before i have NTKI, and i would like to have some of these ones: LCOS, JKHY, EBAY, and maybe VTSS, INKT, MCSC. Also waiting for the XOOM IPO. Have mercy on me, i=B4m new in your mkt. Until now i only used to trade in our (argentina=B4s) stock and option market, and HELP ME CHOOSING THE RIGHT STOCKS PLEASE. SALUDOS, DIEGO KRUKEVER.- - - - - ------------------------------ Date: Sun, 22 Nov 1998 09:45:00 -0800 From: David Reid Subject: [CANSLIM] bases:: how to you figure where the base is?? > I have a primitive way to figure out where a stocks base is. I want to how other members figure where the base of a stock is. thanks > > > - > > - - - ------------------------------ Date: Sun, 22 Nov 1998 08:10:51 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] jkhy From: "Tom Worley" To: > Excellent points, Patrick, esp the "blockhead" and analysts talking to > the same company reps without doing true analysis. My favorite story > is attending a shareholder meeting about a year ago, in which we were > voting to accept a buyout offer at a fixed price plus a "bonus" based > on profits and asset appreciation. The company tried to steer the > valuation of this bonus towards 9 cents a share, but I piped up with > my two cents worth and questioned the CEO and CFO, indicating my > analysis indicated a range for the bonus of 25 to 32 cents. Both That was one other thing I meant to add, but somehow forgot to by the end of the post - companies will try to steer analysts towards the low end of things, because they know earnings surprises are rewarded with higher share prices, while merely meeting expectations frequently results in no share movement. Good for you for grilling those guys and not accepting what they were saying. - - ------------------------------ Date: Sun, 22 Nov 1998 10:09:56 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] bases:: how to you figure where the base is?? Hi David, My primary criteria is simply looking at the chart at DGO. I visually compare recent activity against the action over the past 12 months. I also mentally compare the chart to how its respective exchange looks (NYSE, Naz) so that I can "compensate" for what was going on. Naturally, I want to see a 5-8 week base, preferably at or close to all time highs. That's difficult to find right now. Tom W - -----Original Message----- From: David Reid To: canslim@lists.xmission.com Date: Sunday, November 22, 1998 9:45 AM Subject: [CANSLIM] bases:: how to you figure where the base is?? > I have a primitive way to figure out where a stocks base is. I want to how other members figure where the base of a stock is. thanks > > > - > > - - - - - ------------------------------ Date: Sun, 22 Nov 1998 10:14:18 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] jkhy One of the few times I held shares thru the completion of a buyout. The bonus, compared to selling into the mkt pricing, made it worth it. Tom W - -----Original Message----- From: Patrick Wahl To: canslim@lists.xmission.com Date: Sunday, November 22, 1998 10:09 AM Subject: Re: [CANSLIM] jkhy From: "Tom Worley" To: > Excellent points, Patrick, esp the "blockhead" and analysts talking to > the same company reps without doing true analysis. My favorite story > is attending a shareholder meeting about a year ago, in which we were > voting to accept a buyout offer at a fixed price plus a "bonus" based > on profits and asset appreciation. The company tried to steer the > valuation of this bonus towards 9 cents a share, but I piped up with > my two cents worth and questioned the CEO and CFO, indicating my > analysis indicated a range for the bonus of 25 to 32 cents. Both That was one other thing I meant to add, but somehow forgot to by the end of the post - companies will try to steer analysts towards the low end of things, because they know earnings surprises are rewarded with higher share prices, while merely meeting expectations frequently results in no share movement. Good for you for grilling those guys and not accepting what they were saying. - - - - ------------------------------ Date: Sun, 22 Nov 1998 07:29:49 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] bases:: how to you figure where the base is?? <> Depends on whether you're talking about a flat base, rectangular base, "handle" base, etc. Best I can do is refer you to my site, which goes into all these in detail. - --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: Sun, 22 Nov 1998 10:34:53 -0500 From: "Tom Worley" Subject: [CANSLIM] DGO's New Highs Here's this week's list of stocks in the Daily Graphs books that hit new highs during the prior week and also had an RS and EPS of 80 or better, the total list was 246 of which 118 made this basic cut. PAYX, CACS, PREN, PDCO, KR, CREE, OCCF, ISYS, NDN, CEBC, THQI, FMY, LXK, GILTF, IBM, BOOL, PLCE, SLR, CBXC, WAG, SBL, SPLS, UFS, PMS, CLKB, CRDT, SALT, SUNW, KROG, MNMD, SNPS, PLT, YHOO (DGO got the EPS right this week, finally!!), RMBS, WMT, INSS, NCOG, RACN, FLEX, ORLY, CLX, RAD, NTAP, CHTT, SHX, AFA, CLFY, CSCO, TSCO, STRA, SCOR, ICUI, TAGS, EDMC, UTX, HHS, BDY, NLCS, IPG, ALTR, PHCC, GDXA, MRX, JKHY, ABT, POSIF, MHP, ABH, BHW, APCC, EL, MTP, KRON, CTXS, AEH, SEIC, BBC, AHO, WAT, TLTN, BSYS, MCSC, ANF, CEFT, MRK, OKEN, NOKA, ASND, NEG, EAGL, ALSI, VCI, ITGI, HLYW, VMC, HD, WCOM, FRE, OXE, BEBE, EMC, SDG, GENZ, ELBO, PROX, SBC, SERO, BK, WATR, CGP, BMET, SAI, NSIT, WLP, TSIC, XLSW, MXIM. As always, not responsible for any typos in above list. Haven't looked at these charts so they may miserably fail other CS criteria. Tom W - - ------------------------------ Date: Sun, 22 Nov 1998 11:45:10 -0800 From: "Patrick Wahl" Subject: [CANSLIM] Vix I noticed that the Vix index took a couple of sharp drops in the last few days, to its lowest point since July, the old market high. I think this is probably a good thing. A quick look at the last year of price data makes it appear that the Vix is low during uptrends or calm sideways movement, and of course high when the market is going down or thrashing around with a lot of volatility. - - ------------------------------ Date: Sun, 22 Nov 1998 14:09:23 EST From: FBNAirPlt@aol.com Subject: [CANSLIM] ACC/Dis Numbers Here are the most recent Acc/Dis numbers. Sorry for the delay. Monkeyed with computer and took a while to straighten out. date A B C D E a+b/a-e %e 11/16/98 1223 3115 1295 843 287 64% 4% 11/17/98 1220 3096 1342 810 283 64% 4% 11/18/98 1226 3075 1329 828 276 64% 4% 11/19/98 1212 3083 1318 833 283 64% 4% 11/20/98 1222 3092 1321 806 281 64% 4% 11/23/98 1282 3064 1330 769 282 65% 4% Spreedsheet numbers: date,A,B,C,D,E,a+b/a-e,%e, 11/16/98,1223,3115,1295,843,287,64%,4% 11/17/98,1220,3096,1342,810,283,64%,4% 11/18/98,1226,3075,1329,828,276,64%,4% 11/19/98,1212,3083,1318,833,283,64%,4% 11/20/98,1222,3092,1321,806,281,64%,4% 11/23/98,1282,3064,1330,769,282,65%,4% Robert - - ------------------------------ Date: Sun, 22 Nov 1998 11:25:21 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] ACC/Dis Numbers In case no one's mentioned it lately, we really appreciate your doing this. At this point, maybe once a week will be enough if it's getting to be a hassle, but that's up to you. Thanks again. - --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: Sun, 22 Nov 1998 14:38:43 -0500 (EST) From: Deepak Kapur Subject: Re: [CANSLIM] ACC/Dis Numbers Db and Robert, If I remember correctly, 65%,4% combination is supposed to be good to go long. Is that right? What is the rationale? Thanks, Deepak - - ------------------------------ Date: Sun, 22 Nov 1998 12:37:40 -0800 (PST) From: dbphoenix Subject: Re: [CANSLIM] ACC/Dis Numbers <> There's not much I can add to the e-mails I've sent you. Do you no longer have them? - --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: Sun, 22 Nov 1998 15:42:44 -0500 (EST) From: Deepak Kapur Subject: Re: [CANSLIM] ACC/Dis Numbers >There's not much I can add to the e-mails I've sent you. Do you no >longer have them? I very much have them. But I was hoping for a couple of lines of explanation to keep in my head. Thanks, Deepak - - ------------------------------ Date: Sun, 22 Nov 1998 16:04:03 -0500 From: "Dave Wood" Subject: [CANSLIM] Re: Diego Krukever pick lcos I would not touch lcos at this point for three reasons: 1: The stock is trading 50 % above its last pivot around $40 . 2: the stock is over 100 % above its 200 day moving average. and 3: Thursday, the stock seemed to put in a bearish key reversal day. The stock is just over-extended. Dave Wood - - ------------------------------ Date: Sun, 22 Nov 1998 15:27:19 -0800 (PST) From: rolatzi Subject: Re: [CANSLIM] Departure Dave, Since i had a very busy weekend and haven't read my e-mail in 3 days, I was overwhelmed by the number of postings to go through. As I continued to read the goodbyes, I thought I don't need to add my voice to the chorus and besides i'm two days too late, which in e-mail terms is a life time. however, upon further reflection, i decided to add my voice to the company and wish you well. In addition, I want to reassure you that you will be back and active on line in a relatively short time and that the years in which are really needed by your children fly by quickly. You should enjoy each age and every year and be there for them as they need you. I have two boys who are now 10 and 13 and for the last 4 years or so, they have slowly become less needy and less demanding of our time. Good luck and enjoy the vacation from investing. ciao, Rich - ---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 - - ------------------------------ Date: Sun, 22 Nov 1998 13:44:00 -0500 From: Rich Ralph Subject: [CANSLIM] New: Quotes Plus discussion list There is now an unofficial discussion list devoted to Quotes Plus users. The list is intended to encourage discussion and allow for sharing ideas and formulas for scans/screens; using charts; using Virtual MetaStock; groups and surrogates issues; the IRL; navigating the Quotes Plus GUI; setup and technical help for new users; and anything else QP related the group wants to discuss. To subscribe, go to http://www.richmedia.net Best regards, Rich Ralph - - ------------------------------ Date: Sun, 22 Nov 1998 16:16:10 -0800 (PST) From: dbphoenix Subject: [CANSLIM] Group Data Group and stock lists and charts for the coming week are available at my website. From the Home Page, go to Workshop, then Workshop C. - --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 - - ------------------------------ End of canslim-digest V2 #451 ***************************** 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.