From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #597 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, May 8 1999 Volume 02 : Number 597 In this issue: [CANSLIM] My canslim watch list [CANSLIM] Re:The Group Is Very Quiet [CANSLIM] ASHW [Technical stuff. Connie Mack] [CANSLIM] Re: AOL Daily Pattern [CANSLIM] Technical stuff [$5-20 stocks. Connie Mack] Re: [CANSLIM] Re: AOL Daily Pattern [CANSLIM] Jeffry's take Re: [CANSLIM] The group is very quiet [CANSLIM] QLGC way up Friday Re: [CANSLIM] The group is very quiet Re: [CANSLIM] The group is very quiet RE: [CANSLIM] The group is very quiet Re: [CANSLIM] QLGC way up Friday Re: [CANSLIM] Re:The Group Is Very Quiet Re: [CANSLIM] Re:The Group Is Very Quiet [CANSLIM] Jeffry and the market [CANSLIM] BigCharts [CANSLIM] BigCharts revisited Re: [CANSLIM] The group is very quiet Re: [CANSLIM] The group is very quiet [CANSLIM] DGO's List of Stocks at/near new highs ---------------------------------------------------------------------- Date: Fri, 7 May 1999 10:01:10 -0700 From: "Peter Newell" Subject: [CANSLIM] My canslim watch list This is my list of canslim stocks that are EPS 85 RS 85 and haven't hit a new high in six weeks. I haven't checked group str or chart pattern yet. FOSL FOSSIL INC NASDAQ 91 90 A B GUC GUCCI GROUP N V NYSE 93 90 A B INSS INTL NETWORK SVCS NASDAQ 99 90 A B KSS KOHLS CORP NYSE 94 86 A C LRW LABOR READY INC NYSE 99 92 A A WCOM M C I WORLDCOM INC NASDAQ 86 91 B D OCLR OCULAR SCIENCES INC NASDAQ 92 89 A A PSUN PACIFIC SUNWEAR CA INC NASDAQ 93 85 A A QLGC QLOGIC CORP NASDAQ 98 96 A B - This ones up 13 today SANM SANMINA CORP NASDAQ 91 90 A B Peter Newell - - ------------------------------ Date: Fri, 7 May 1999 07:34:26 -0700 From: IMF STAFF Subject: [CANSLIM] Re:The Group Is Very Quiet I bought SNS - Sundstrand last week (a canslim signal from pitbull.com) and it is doing very well, still making new highs... - - ------------------------------ Date: Fri, 07 May 1999 11:59:34 -0400 From: Connie Mack Rea Subject: [CANSLIM] ASHW [Technical stuff. Connie Mack] Have a friend who trades stocks only between $5 and $20. Statistically, there is much to be said for trading this range. He sent me a list of stocks around $5 that he's looking at. I haven't had time to look through the list, but the first one, ASHW, has a pretty good looking recovery chart. Its positively divergent MF interests me. I bought a small lot just to play with today. Its strong action today prompts me to take a more serious look. If any of his other stocks look interesting, I'll post them. Connie Mack - - ------------------------------ Date: Fri, 07 May 1999 09:04:53 -0600 From: Craig Cheatum Subject: [CANSLIM] Re: AOL Daily Pattern Does someone have experience with the chart pattern for AOL, is it positive or negative? Thanks, Craig - - ------------------------------ Date: Fri, 07 May 1999 12:36:22 -0400 From: Connie Mack Rea Subject: [CANSLIM] Technical stuff [$5-20 stocks. Connie Mack] I don't have time yet to give more than a cursory look at the list of stocks sent by my trader friend. This is the list: NEOM, YORK, CEGE, LTXX, CYLK, FCLX, DSTR, ICA, RSND, and MXTR. Were these not five dollar or so stocks, the charts would carry greater significance. Some are damn interesting. >From my quick look, YORK looks to have some possibilities. Hope to have time later to look more carefully. Connie Mack - - ------------------------------ Date: Fri, 7 May 1999 12:44:47 -0700 From: "Peter Newell" Subject: Re: [CANSLIM] Re: AOL Daily Pattern Long or short? I'd consider this negative two fast peaks with the second one lower, which is where I'd hope to sell at. The whole internet sector is going down AOL's been going up strong for 2-3 yrs now. I sure wouldn't do an initial buy on it. Might be good for a bounce. But, I'd expect it to go down again. Now that I said that it will form a double bottom and soar to unbelievable heights. Peter Newell - -----Original Message----- From: Craig Cheatum To: canslim@lists.xmission.com Date: Friday, May 07, 1999 9:39 AM Subject: [CANSLIM] Re: AOL Daily Pattern >Does someone have experience with the chart pattern for AOL, is it positive or negative? >Thanks, >Craig > > >- > > - - ------------------------------ Date: Fri, 07 May 1999 11:20:28 -0700 From: Dan Cash Subject: [CANSLIM] Jeffry's take Jeffry, What is your unique take on this market?? Dan - - ------------------------------ Date: Fri, 07 May 1999 15:25:22 -0400 From: Walter Stock Subject: Re: [CANSLIM] The group is very quiet Am currently 100% cash in my trading account. Sentiment in the market is getting far too bullish for me to commit much more capital at present. As of yesterday's IBD, bullish sentiment moved up to 58.6%, and bearish declined to 27.6% With the bulls already in the stratosphere, the focus here has to be on the bears; if they move down below 22%, I will be liquidating some long term stuff left in the retirement accounts. Speaking of which... my ATHM adventure continues. No shortage of internet excitement here, as I continue to hold. Even thought of adding to my position on the AT&T announcement. I am so impressed with my cable-modem's blinding speed that perhaps I am biased in favour of ATHM. In any case I was able to de-activate my second phone line, and if my Bell company ever gets around to offering DSL service, I won't go back anyway. Cable internet is faster. So far, cable broadband is vastly more reliable too. I will sign off before this turns into even more of a cable internet ad. ( Did I mention that I bought DCLK ?) Walter Stock Oakville, ONT - Canada - - ------------------------------ Date: Fri, 7 May 1999 16:27:41 -0500 From: Chris Hudson Subject: [CANSLIM] QLGC way up Friday Man, I wish I owned QLGC right now! -- Chris - - ------------------------------ Date: Fri, 07 May 1999 15:32:40 -0700 From: Tim Fisher Subject: Re: [CANSLIM] The group is very quiet Good for you, when the guy who is buying my house said the biggest factor in his decision was that my house is cable modem-ready (I didn't even know that it was!) I bought ATHM the next day. Of course I am probably buying a non-cable house in the woods, so I'm not ready to sell the old 56k yet. If you can't beat 'em... On 12:25 PM 5/7/99 , Walter Stock Said: >Am currently 100% cash in my trading account. >Sentiment in the market is getting far too bullish for me >to commit much more capital at present. > >As of yesterday's IBD, bullish sentiment moved up to 58.6%, >and bearish declined to 27.6% >With the bulls already in the stratosphere, the focus here has >to be on the bears; if they move down below 22%, I will >be liquidating some long term stuff left in the retirement accounts. > >Speaking of which... my ATHM adventure continues. >No shortage of internet excitement here, as I continue to hold. >Even thought of adding to my position on the AT&T >announcement. > >I am so impressed with my cable-modem's blinding speed >that perhaps I am biased in favour of ATHM. > >In any case I was able to de-activate my second phone line, >and if my Bell company ever gets around to offering DSL >service, I won't go back anyway. Cable internet is faster. >So far, cable broadband is vastly more reliable too. > >I will sign off before this turns into even more of a cable >internet ad. ( Did I mention that I bought DCLK ?) > >Walter Stock >Oakville, ONT - Canada > 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, 07 May 1999 20:35:27 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] The group is very quiet At 03:25 PM 5/7/99 -0400, you wrote: >Am currently 100% cash in my trading account. >Sentiment in the market is getting far too bullish for me >to commit much more capital at present. > Ditto. >I am so impressed with my cable-modem's blinding speed >that perhaps I am biased in favour of ATHM. > Three of the people I work with have switched and they will not go back. ADSL is too late and too expensive!!! The 30 - 40 year old wiring the phone companies have in most areas won't even allow 56k. Besides it is only 56k on the download at best. The uplink is restricted to 33.6k by regulation. I haven't switched over yet, but regretably am having serious trouble getting connected to Mindspring in Tampa. They will start losing customers soon. Now that GTE is being bought, it will take years to sort everything out and get moving with a competitive strategy. GTE is the local carrier in Tampa. I think cable will have a stronghold at that point. So the market forces are at work in Tampa. They are outdated phone technology in the majority of areas trying to compete with blinding speed via direct full time connection to a cable modem. At only $20 a month more a month. It's a no-brainer, especially when you can't stay connected for more than 5 minutes and only get 24kbps from your 56k modem. I'm counting the days till I a convert. Best Regards, Frank Wolynski - - ------------------------------ Date: Fri, 7 May 1999 21:36:11 -0400 From: "Ronald J. Russell, Jr." Subject: RE: [CANSLIM] The group is very quiet I have been using @Home via Comcast for nearly 2 years now and can't imagine being without it. With a cable modem you are truly on line all the time. You receive your email as soon as it is sent and your web browser is just another application that is always active on your desktop. The idea of "going online" is a thing of the past. If cable modem service is available in your area, get it! You won't regret it. Ron - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Frank V. Wolynski Sent: Friday, May 07, 1999 8:35 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] The group is very quiet At 03:25 PM 5/7/99 -0400, you wrote: >Am currently 100% cash in my trading account. >Sentiment in the market is getting far too bullish for me >to commit much more capital at present. > Ditto. >I am so impressed with my cable-modem's blinding speed >that perhaps I am biased in favour of ATHM. > Three of the people I work with have switched and they will not go back. ADSL is too late and too expensive!!! The 30 - 40 year old wiring the phone companies have in most areas won't even allow 56k. Besides it is only 56k on the download at best. The uplink is restricted to 33.6k by regulation. I haven't switched over yet, but regretably am having serious trouble getting connected to Mindspring in Tampa. They will start losing customers soon. Now that GTE is being bought, it will take years to sort everything out and get moving with a competitive strategy. GTE is the local carrier in Tampa. I think cable will have a stronghold at that point. So the market forces are at work in Tampa. They are outdated phone technology in the majority of areas trying to compete with blinding speed via direct full time connection to a cable modem. At only $20 a month more a month. It's a no-brainer, especially when you can't stay connected for more than 5 minutes and only get 24kbps from your 56k modem. I'm counting the days till I a convert. Best Regards, Frank Wolynski - - - - ------------------------------ Date: Fri, 7 May 1999 22:18:02 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] QLGC way up Friday Chris, A strong showing, commensurate with the strong earnings report of a double in earnings over last year, over 50% growth in revenues, beat First Call estimates by 5 cents, and favorable comments for future growth. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - -----Original Message----- From: Chris Hudson To: canslim@mail.xmission.com Date: Friday, May 07, 1999 5:28 PM Subject: [CANSLIM] QLGC way up Friday Man, I wish I owned QLGC right now! -- Chris - - - - ------------------------------ Date: Fri, 7 May 1999 22:49:04 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Re:The Group Is Very Quiet Worth noting that the analyst's consensus forecast at DGO is a 1999 earnings of $4.50, up only 13%, and the company has advised that they "expect" 1999 earnings of $4.24 to $4.55. While 13% growth may seem attractive, it's still down substantially from their historic level of 28%. And the forecast for year 2000 is for $4.65, a gain of only 3%. A trailing PE of only 17 may make it look like good value, but looks to me like the reduced expectations are already factored in, and the low growth in Q1 may be a precursor of results yet to be reported. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - -----Original Message----- From: IMF STAFF To: canslim@lists.xmission.com Cc: canslim-digest@lists.xmission.com Date: Friday, May 07, 1999 10:29 AM Subject: [CANSLIM] Re:The Group Is Very Quiet I bought SNS - Sundstrand last week (a canslim signal from pitbull.com) and it is doing very well, still making new highs... - - - - ------------------------------ Date: Fri, 07 May 1999 22:42:16 -0500 From: Dave Cameron Subject: Re: [CANSLIM] Re:The Group Is Very Quiet IMF STAFF wrote: > > I bought SNS - Sundstrand last week (a canslim signal from pitbull.com) and > it is doing very well, still making new highs... Interesting, SNS is operating under a takeover bid. I don't know the specifics of the proposed merger, but I do know that those in the know seem to think it will go through. Dave Cameron dfcameron@ameritech.net > > - - - ------------------------------ Date: Fri, 07 May 1999 22:45:42 -0500 From: Dave Cameron Subject: [CANSLIM] Jeffry and the market Someone recently posted an inquiry into Jeffry's take on the market. Given the unusual spelling, I suspect this is my good friend, the incomparable Jeffry White. I must say, I am disappointed. Big Jeff has been awfully quiet of late. Perhaps he's taken his stock winnings and bought a house on Grand Cayman island - and has forgot about us. But... I doubt it. He'd miss the camaraderie. Seriously, I post this because Jeffry often stimulated some contentious discussion, but discussion that many learned from by being asked to think about things from several different perspectives. Jeffry, are you alive??? Dave Cameron dfcameron@ameritech.net - - ------------------------------ Date: Fri, 07 May 1999 22:48:12 -0500 From: Dave Cameron Subject: [CANSLIM] BigCharts Has anyone else noticed that the daily charts at www.bigcharts.com seem to be missing yesterday's (Thursday May 6) trading action? The charts are correct as of Friday's close - but the preceding day on the chart seems to be Wednesday May 4 - based on the price and volume action. Or am I just missing something? Dave Cameron dfcameron@ameritech.net (who probably has 1/3 of the posts for the day...) - - ------------------------------ Date: Fri, 07 May 1999 22:49:59 -0500 From: Dave Cameron Subject: [CANSLIM] BigCharts revisited Forget it - I'm losing it. I forgot that I switched from daily to weekly last night - and forgot to change it back. Apologies.... I'll shut up now. Dave Cameron dfcameron@ameritech.net - - ------------------------------ Date: Fri, 7 May 1999 22:56:45 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] The group is very quiet Date sent: Thu, 6 May 1999 14:53:40 -0700 (PDT) From: rolatzi > I am mostly trying to protect my profits in Energy Service > stocks and waiting patiently after a good run. > > What is everyone else doing? Since I got my butt kicked in March, I have been a bit gunshy for the time being. Really haven't found much I think is attractive looking (and my usual research site has been closed for over 2 weeks, no DG), so don't have much of a watch list. TOM is in a base of some sort, that is one I am watching. Anyone else think the Russell 2000 looks like it is forming something along the lines of a cup and handle? I'm not sure whether this is a meaningful pattern in an index or not. - - ------------------------------ Date: Sat, 8 May 1999 08:01:11 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] The group is very quiet Hi Patrick, I also noticed the c&h like pattern in the R2000, tho also doubt it's significance in an index. In any case, the handle is forming a little too high to be useful or significant to me (or is that just it's youthful exurberance at finally outperforming some of the big boy indexes?). Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - -----Original Message----- From: Patrick Wahl To: canslim@lists.xmission.com Date: Saturday, May 08, 1999 12:56 AM Subject: Re: [CANSLIM] The group is very quiet Anyone else think the Russell 2000 looks like it is forming something along the lines of a cup and handle? I'm not sure whether this is a meaningful pattern in an index or not. - - - - ------------------------------ Date: Sat, 8 May 1999 18:41:39 -0400 From: "Tom Worley" Subject: [CANSLIM] DGO's List of Stocks at/near new highs Hello members, Had the time tonight to quickly scroll thru the 184 stocks that made this week's list. Here are my margin comments: VISX - potential base DFXI - possible 2nd breakout SDLI - possible LLUR, tho higher volatility TAGS - base TLAB - base forming FM - broke out, still buyable? DSP - poised for breakout/breakdown BBBY, CTS - basing TYC, IBM - base forming UTX - resuming LLUR?? NVR - poss base forming, PE only 8?? (home construction?) MLM - cup and handle? but handle too high BCOM - basing FDC - possible base forming MDS, AATI - basing Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - - ------------------------------ End of canslim-digest V2 #597 ***************************** 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.