From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #620 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, June 6 1999 Volume 02 : Number 620 In this issue: Re: Re: [CANSLIM] Institutions Re: [CANSLIM] M,anyone? - for Jeffry Re: Re: [CANSLIM] Institutions Re: Re: [CANSLIM] Institutions [CANSLIM] DGO Runner Program Re: Re: [CANSLIM] Institutions Re: [CANSLIM] CMED Breakout. Re: [CANSLIM] M,anyone? [CANSLIM] M,anyone?--rolatzi [CANSLIM] ADCT Re:[CANSLIM] M,anyone? -Jeffry [CANSLIM] (no subject) [CANSLIM] Earl's Shopping List [CANSLIM] State of the Market ---------------------------------------------------------------------- Date: Sat, 5 Jun 1999 12:35:02 -0400 From: "Tom Worley" Subject: Re: Re: [CANSLIM] Institutions Earl, The key is finding, and then using consistently, a site that you are comfortable with, and have found to be reasonably accurate on those data elements and characteristics that are most important to you. For me that has long been Daily Graphs, now Daily Graphs Online. But I have found errors there as well, and they have been most responsive to my emails. Bear in mind that DG/DGO (and yes, I believe the charts you see in IBD are taken directly from DG) measure float and institutional holdings a little differently than many sites. The "Management" ownership is a percentage of the total issue, presumably on a fully diluted basis, but not sure of this. Funds, and other institutional holdings, are measured as a percentage of the remaining float. And occasionally there can also be a sizable chunk of the issue which is neither part of management's holdings nor part of the float, typically resulting from a private placement or some such, and not liquid or available to be traded. For those sites that measure institutional holdings as a percentage of the total issue (vs the float, like DG), their percentages should not exceed what DG shows. On the two you mention, this is what DGO shows: AVTC - no insider (management) activity during the current qtr; issue of 13.0 mil shares, float of 10.7 mil shares, mngmt ownership 18%, funds 29%, banks 4%. The mngmt % figure is rounded, the actual would appear to be 17.7%. HVT - one insider buy and one insider sell during April, 8.6 mil shares issued, 7.6 mil in float, mngmt ownership 11%, funds 22%, banks 10%. Again, the mngmt %age has been rounded, actual would appear to be 11.6% so would seem it should have been rounded up, not down. But the two transactions in April may have affected this depending on the quantity. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - -----Original Message----- From: Earl Setser To: canslim@lists.xmission.com Date: Saturday, June 05, 1999 11:33 AM Subject: Re: Re: [CANSLIM] Institutions I was interested to see if I could figure out how the numbers related. So I started with a couple of detailed graphs in IBD (which I think are DG graphs??). I looked at AVTC and HVT. I compared the numbers on the graphs with various on-line sites to see what I could find that seemed to match up, and what numbers would diverge. The following summarizes my results: Total Shares - The numbers on the graph matched the numbers at PCQuote/Marketguide. Float - The IBD number matched the numbers I could get by taking "insider ownership" at PCQuote/Marketguide and reducing the total shares by this number. Institutional Owners - It appeared that the institutional ownership listed at Quicken and TheStreet was equal to the sum of IBDs Advisors, Banks, and Insurance Companies. Mutual Funds Owners - The closest I could find was by adding up the ownership % of the top 10 funds listed at TheStreet. This number was smaller than the IBD number, but gives a good general indication. Other Questions: I'm not clear on how the various number play together. It looks like the Mutual Fund number is included in the Advisor's number (or else you exceed the float when you add them). I am guessing that the banks and insurance cos are not included in the other numbers. Is this correct? Next, are you guys suggesting using the 30% rule based on the Mutual Fund number? The stocks I've seen in IBD have huge numbers if you look at the Advisors number as a percentage of the Float (63 and 87%). The Mutual Fund numbers are in the general range you guys have been discussing (29.4 and 21.7%). At 01:18 AM 6/3/99 -0400, you wrote: >Earl, > >I have never used Quicken, but from comments from other >members, I have low confidence in their data, esp on >institutional holdings. May just be a result of how they use >the raw data to calculate their final nrs. But would suggest >double checking their nrs against some other sources before >relying too heavily upon its accuracy. > >Personally, just from my experience, I would be shocked at >an "average" of 51% of ANY group of stocks, even if they >were brand new IPOs. > >Tom Worley >stkguru@netside.net >chat with me at ICQ # 5568838 >get ICQ software at http://www.icq.com/icqhomepage.html > > >-----Original Message----- >From: Earl Setser >To: canslim@lists.xmission.com >Date: Wednesday, June 02, 1999 9:05 PM >Subject: Re: Re: [CANSLIM] Institutions > > >At 08:04 AM 6/2/99 -0600, you wrote: > >Well, the consensus here seems to be that 10% - 30% is the >best guideline, >although I'm still not clear if that is for FUNDS or all >institutions. I >did a quick check on 156 CANSLIM candidates I have data on, >and the average >"I" (from Quicken) was 51%. The 10% - 30% range would >remove 124 of these >from consideration (about 80%), including several with A-C >Institution >ratings from IBD. > > > > >- > > - - - - ------------------------------ Date: Sat, 5 Jun 1999 13:25:08 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] M,anyone? - for Jeffry Can't believe you've been away so long you'd forget me, Jeffry! I hope it was only the sheep that got sheared. If you've got an excess of lamb chops, ship some down to Miami, I've got the mint jelly ready. On "M", both the Trans and Financial indexes look intact. They both gave up some ground, but appear over the past two weeks to have settled into a logical consolidation at a sustainable price. The Nasdaq and NYSE Composite charts both continue to show an up trending channel, drawing a line across recent highs and lows. Volume to the downside was frequently light, appears to be more a wait and see pattern than a general selloff. The greatest damage (no surprise) to Naz was from the internut stocks, which finally saw their long awaited "correction" back to more sensible valuations. Still not there yet, and already moving back up in many cases, so likely they will still trade with excess premiums based on growth expectations. The Russell 2000, and small caps in general, continue to receive more chatter than just a few months ago. They held their ground well, staying well above the top found in January, and more recent bases as well. VIX remained in an unfavorable trading range in the 20s, tending to be more on the upper end of the range until Friday, when it took a sharp plunge down towards penetrating the magical 20 level. Despite the sharp and recent rise in rates/decrease in prices of bonds, it still does not seem that money is switching from stocks to bonds to the degree that could be expected. Nor is the "safe haven" buying offsetting the selloff in the bond mkt. Despite all the talk about inflationary pressures, I still do not expect the Feds to make any changes at the meeting end of this month. The evidence of inflation is still not there. The jobs report on Friday is misleading due to the sharp upward adjustments in April and May reports. Without this, the new jobs nr would have been very close to expectation. However, all the talk about avg work week and avg hourly pay is bogus, the change was not significant in an annual perspective. The bond mkt was smart enough to understand this, and was largely unchanged. The stock mkt has been over-reacting to fears of inflation and rate hikes, and simply responded to superficial good news. Oil prices appear to have stabilized, at least for now, and flucuations are occurring more in finished product pricing as various companies either shut down plants due low profit margins, or else suffer casualties. There appear to be some concerted efforts on the part of oil refineries to support, or raise, the price of gasoline now that we are in the peak driving/demand season. Offsetting this may be a resolution of Kosovo, which will impact negatively the demand for aviation fuel in Europe. I still have not been seeing any real renewed activity in the oil service and exploration sectors, nor would I expect any until higher prices, and reduced production, is confirmed and likely to continue for some time. There still remains the concern that with higher prices will come greater violation of agreed or promised production levels by producer nations. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - -----Original Message----- From: Jeffry White To: canslim@lists.xmission.com Date: Friday, June 04, 1999 4:12 PM Subject: [CANSLIM] M,anyone? Well, I'm back, lambs are growing, and finally got my speculation capital out of a house that just sold. Accounts are funded....feel like a kid in a candy store....but I'm sitting in cash. Gotta get my head in the game. Perfect set up to do something really stupid, and I mean really stupid. Trust me, I've done stupid plenty of times before. LOL!! So, M,anyone? "M" is the only letter I remember. Give me a hint, I know there are other letters. I'll buy a vowel....is there an "A"? Jeffry Dave, Dan, Craig, Frank, Brian, Dr. CMR, T, Walter anyone, help!!! - - - - ------------------------------ Date: Sat, 05 Jun 1999 11:54:11 -0700 From: "Earl Setser" Subject: Re: Re: [CANSLIM] Institutions Yes, that is pretty much how I read the data. I guess I have 2 more questions. What is the " N Advisors, M under management" number and do you use this for anything? The number is a high %age of the float for these 2 issues, although I see that DG doesn't note the %age on this number. Thanks for your responses. At 12:35 PM 6/5/99 -0400, you wrote: >Earl, > >The key is finding, and then using consistently, a site that >you are comfortable with, and have found to be reasonably >accurate on those data elements and characteristics that are >most important to you. For me that has long been Daily >Graphs, now Daily Graphs Online. But I have found errors >there as well, and they have been most responsive to my >emails. > >Bear in mind that DG/DGO (and yes, I believe the charts you >see in IBD are taken directly from DG) measure float and >institutional holdings a little differently than many sites. >The "Management" ownership is a percentage of the total >issue, presumably on a fully diluted basis, but not sure of >this. Funds, and other institutional holdings, are measured >as a percentage of the remaining float. And occasionally >there can also be a sizable chunk of the issue which is >neither part of management's holdings nor part of the float, >typically resulting from a private placement or some such, >and not liquid or available to be traded. > >For those sites that measure institutional holdings as a >percentage of the total issue (vs the float, like DG), their >percentages should not exceed what DG shows. > >On the two you mention, this is what DGO shows: > >AVTC - no insider (management) activity during the current >qtr; issue of 13.0 mil shares, float of 10.7 mil shares, >mngmt ownership 18%, funds 29%, banks 4%. The mngmt % figure >is rounded, the actual would appear to be 17.7%. > >HVT - one insider buy and one insider sell during April, 8.6 >mil shares issued, 7.6 mil in float, mngmt ownership 11%, >funds 22%, banks 10%. Again, the mngmt %age has been >rounded, actual would appear to be 11.6% so would seem it >should have been rounded up, not down. But the two >transactions in April may have affected this depending on >the quantity. > >Tom Worley >stkguru@netside.net >chat with me at ICQ # 5568838 >get ICQ software at http://www.icq.com/icqhomepage.html > > >-----Original Message----- >From: Earl Setser >To: canslim@lists.xmission.com >Date: Saturday, June 05, 1999 11:33 AM >Subject: Re: Re: [CANSLIM] Institutions > > >I was interested to see if I could figure out how the >numbers related. So >I started with a couple of detailed graphs in IBD (which I >think are DG >graphs??). I looked at AVTC and HVT. I compared the >numbers on the graphs >with various on-line sites to see what I could find that >seemed to match >up, and what numbers would diverge. The following >summarizes my results: > >Total Shares - The numbers on the graph matched the numbers >at >PCQuote/Marketguide. > >Float - The IBD number matched the numbers I could get by >taking "insider >ownership" at PCQuote/Marketguide and reducing the total >shares by this >number. > >Institutional Owners - It appeared that the institutional >ownership listed >at Quicken and TheStreet was equal to the sum of IBDs >Advisors, Banks, and >Insurance Companies. > >Mutual Funds Owners - The closest I could find was by adding >up the >ownership % of the top 10 funds listed at TheStreet. This >number was >smaller than the IBD number, but gives a good general >indication. > >Other Questions: > >I'm not clear on how the various number play together. It >looks like the >Mutual Fund number is included in the Advisor's number (or >else you exceed >the float when you add them). I am guessing that the banks >and insurance >cos are not included in the other numbers. Is this correct? > >Next, are you guys suggesting using the 30% rule based on >the Mutual Fund >number? The stocks I've seen in IBD have huge numbers if >you look at the >Advisors number as a percentage of the Float (63 and 87%). >The Mutual Fund >numbers are in the general range you guys have been >discussing (29.4 and >21.7%). > > > > >At 01:18 AM 6/3/99 -0400, you wrote: >>Earl, >> >>I have never used Quicken, but from comments from other >>members, I have low confidence in their data, esp on >>institutional holdings. May just be a result of how they >use >>the raw data to calculate their final nrs. But would >suggest >>double checking their nrs against some other sources before >>relying too heavily upon its accuracy. >> >>Personally, just from my experience, I would be shocked at >>an "average" of 51% of ANY group of stocks, even if they >>were brand new IPOs. >> >>Tom Worley >>stkguru@netside.net >>chat with me at ICQ # 5568838 >>get ICQ software at http://www.icq.com/icqhomepage.html >> >> >>-----Original Message----- >>From: Earl Setser >>To: canslim@lists.xmission.com >>Date: Wednesday, June 02, 1999 9:05 PM >>Subject: Re: Re: [CANSLIM] Institutions >> >> >>At 08:04 AM 6/2/99 -0600, you wrote: >> >>Well, the consensus here seems to be that 10% - 30% is the >>best guideline, >>although I'm still not clear if that is for FUNDS or all >>institutions. I >>did a quick check on 156 CANSLIM candidates I have data on, >>and the average >>"I" (from Quicken) was 51%. The 10% - 30% range would >>remove 124 of these >>from consideration (about 80%), including several with A-C >>Institution >>ratings from IBD. >> >> >> >> >>- >> >> > > >- > > > >- > > - - ------------------------------ Date: Sat, 5 Jun 1999 13:58:18 -0400 From: "Tom Worley" Subject: Re: Re: [CANSLIM] Institutions Earl, I don't understand the question. Is this something you are seeing at DG/DGO charts? (that's all I use, so if at another site, I simply can't answer). Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - -----Original Message----- From: Earl Setser To: canslim@lists.xmission.com Date: Saturday, June 05, 1999 1:50 PM Subject: Re: Re: [CANSLIM] Institutions Yes, that is pretty much how I read the data. I guess I have 2 more questions. What is the " N Advisors, M under management" number and do you use this for anything? The number is a high %age of the float for these 2 issues, although I see that DG doesn't note the %age on this number. Thanks for your responses. - - ------------------------------ Date: Sat, 05 Jun 1999 14:22:16 -0400 From: Hugh Fader Subject: [CANSLIM] DGO Runner Program I have uploaded a utility I developed for working with Daily Graphs Online. it is located in: ftp://ftp.xmission.com/pub/users/m/mcjathan/canslim/dgornr.exe Below is the readme file for the problem. Give it a try and let me know if you have trouble. DGO Runner Hugh Fader June 4, 1999 DESCRIPTION DGO Runner is a small program which automatically runs the Daily Graphs Online program. It does this by simulating keyboard input to the program causing it to create plots for a specified list of stocks. I was motivated to write this program by DGO's lack of sorting capability. It is a great source of data, but sometimes coaxing what you want out of the program is awkward. There is no way to generate plots for a set of stocks which meet specified criteria. DGO Runner addresses this problem. INSTALLATION DGO Runner works in Windows 95. It also probably works in Windows 98 and Windows NT. To install the program, copy DGO Runner.exe to a convenient directory such as c:\bin. Then, create a shortcut to it on your desktop or in your Start Menu. USAGE To use DGO Runner, first start up Daily Graphs Online and log in. Then start up DGO Runner. Create a list of stock symbols and copy them into the Stock List box. (I most often do this by exporting a DGO report into Excel and using the Data=>Filter function to pare down the report to the stocks I am interested in. Then I copy the symbols out of Excel and into DGO Runner.) Now, select which plot you want, Graph or Datablock. Finally enter a delay time. This defines the time period which DGO Runner waits for DGO to plot each stock. It may take some experimentation to determine this number. The default delay of 10 seconds worked well when I had a 56k modem. Now I have a cable modem, and a delay of 3 seconds is adequate. Click Get Stocks and your plots should begin to appear. LICENSE I am giving this program away because it was fun to build and is probably not worth much anyway. You are free to use, abuse, or distribute this program. Just don't try to sell it. Hugh Fader hfader@hotpop.com - - ------------------------------ Date: Sat, 05 Jun 1999 13:35:02 -0700 From: "Earl Setser" Subject: Re: Re: [CANSLIM] Institutions OK, maybe this isn't the same thing. I am asking about data on the detailed charts in IBD, that is the ones that you get with a feature story on a particular stock. At the bottom of the chart, there is a listing for institutions. I am specifically looking at Wed IBD, page B20. There are four columns with a number of institutions, %ages, etc. given underneath. I am asking about the column headings. On the left (for HVT), it lists 23 Mutual Funds Owned, 1.66M shares, 21.7% etc., next column it says "37 Advisors, 4.82M under management", next column is Banks, 10%, etc., last column is Insurance Cos, 6.7% etc. I have been assuming this is the same data/format at DG. Maybe it's a little different? The issue I was bringing up it that the mutual fund %ages seem to fall in the <30% range, but the Advisors column adds up to a much larger %age of the float. At 01:58 PM 6/5/99 -0400, you wrote: >Earl, I don't understand the question. Is this something you >are seeing at DG/DGO charts? (that's all I use, so if at >another site, I simply can't answer). > >Tom Worley >stkguru@netside.net >chat with me at ICQ # 5568838 >get ICQ software at http://www.icq.com/icqhomepage.html > > >-----Original Message----- >From: Earl Setser >To: canslim@lists.xmission.com >Date: Saturday, June 05, 1999 1:50 PM >Subject: Re: Re: [CANSLIM] Institutions > > >Yes, that is pretty much how I read the data. I guess I >have 2 more >questions. What is the " N Advisors, M under management" >number and do you >use this for anything? The number is a high %age of the >float for these 2 >issues, although I see that DG doesn't note the %age on this >number. >Thanks for your responses. > > > >- > > - - ------------------------------ Date: Sat, 05 Jun 1999 22:05:50 GMT From: musicant@pacbell.net (Dan Musicant) Subject: Re: [CANSLIM] CMED Breakout. On Thu, 3 Jun 1999 00:10:00 EDT, you wrote: :CMED broke out today on 3x daily volume.Old high 14 3/4, todays close 15= =20 :7/8.Can still be bought if we get a slight pullback to at least 15 = 3/8.Action=20 :has been strong recently bucking the trend of overall market.EPS 99 RS=20 :91.This is one to look at. : : :Disclaimer:I own this one. Chris. : Yeah, I like it Chris. I got in at the lower tier a little under 14. I think the chart looks very strong, and as you say, bucks the market trend pretty strongly. I have a small IRA account fully in CMED, and I think it will be a good stocking stuffer for an account that gets smacked pretty badly by brokerage fees (and hence doesn't make sense to trade too often). :) Dan - - ------------------------------ Date: Sat, 05 Jun 1999 18:20:46 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] M,anyone? At 04:14 PM 6/4/99 -0500, you wrote: >Well, I'm back, lambs are growing, and finally got my speculation capital >out of a house that just sold. Accounts are funded....feel like a kid in a >candy store....but I'm sitting in cash. Gotta get my head in the game. >Perfect set up to do something really stupid, and I mean really stupid. >Trust me, I've done stupid plenty of times before. LOL!! > >So, M,anyone? "M" is the only letter I remember. Give me a hint, I know >there are other letters. I'll buy a vowel....is there an "A"? > >Jeffry > >Dave, Dan, Craig, Frank, Brian, Dr. CMR, T, Walter anyone, help!!! > Hey Jeffry, glad all is well with you. Good to hear from you. I haven't been holding any long positions for more than a few days of late. FWIW: Sentiment is at record highs for the Investors Intelligence group, 60.7% last week. I haven't the data yet for this week. AAII Bulls are tamed from a four week ago level of 54% down to 38%, but they didn't turn bearish. Bears running 20% in the AAII. Options players are yawning with all this correction talk. They haven't gone to the put side during all this nonsense about inflation and interest rate hikes. S&P100 put/call 1.09. CBOE Equity p/c .45. My particular timing models show us still in the midst of a specialized correction. Their are some pockets of performance. Had a nice run with Havertys and a couple in the Water group. The runnup on Friday appears mostly to have been limited to the NASDAQ100 at this point, and not volume driven at that. Just a markup. Seemed to feel alot like those head fakes they give you in the middle of a move. Still enough to get some follow through on Monday? Looks like a bit, though who knows. All in all it looks like a typical, fear instilled shake'em and take 'em fest. Nothing to report in the groups area, as I've lapsed a bit during contending with digital conversion of a TV station. I loved the Elec-Lasers back in January, and did quite well with them, but way extended now and they are pushing them daily in the trades and CNBC, so it is probably near the end. Some Medicals and some of the Softwares are showing interesting signs however. The Oils groups are showing the technical wiggles necessary to be tempting, but I lack faith in their ability to sustain anything in light of the vultures who have been pushing them and the lack of truely "N" new developements in the groups. However, this time the Ministers of OPEC "A Government Protected Monopoly" may really, really, really mean a curb this time. Who cares! I'll take wireless datacomm developments and hardware inventions anyday. Regards, Frank Wolynski - - ------------------------------ Date: Sat, 05 Jun 1999 18:27:19 -0400 From: postwhit@sover.net Subject: [CANSLIM] M,anyone?--rolatzi > Date: Fri, 4 Jun 1999 15:24:34 -0700 (PDT) > From: rolatzi > Subject: Re: [CANSLIM] M,anyone? > > Jeffry, > > Welcome back. I'll give you another letter besides M. It > is S and I think it stands for (S)heep (behave like sheep?), > invest in (S)heep or something like that. > > By the way what is your take on M? I'll run my scan tonight and > see what the state of the market is. > > Ciao, > rolatzi Behave like Sheep, that's what we are watching for, right? We like Sheep, that's what "M" is all about, right. "L" is for Lambies....hey, I think we are on to something. "I" is for Icelandic, "C" is for Cracker, "J" is for....no....Just don't think we can change "M" to Mutton....no, no, no, no!!! ROFL. "M" Well, sentiment is way out of control....still. Bulls 62%, Bears 28%....worse than last week. Leadership is absent. But.....5/26 low was a nice reversal and it followed through on the Nasdaq Composite with Friday's action. Haven't checked the SP500, but the NYSE didn't. We had another flush low and follow through day in the Nas a while back, but it failed. This one likely will, as well. What does it mean, to me? Holding my cash, will probably buy puts on the OEX and Nasdaq 100 at the first sign of rally failure. Just not inclined to believe in this price and volume signal so early in a much needed correction, with no leadership and sentiment off the charts. But, hey, I'm all ears. Listening to the "M", trying to tune out the noisemakers. Look forward to your scan results. Jeffry - - ------------------------------ Date: Sat, 05 Jun 1999 17:10:41 -0700 From: Bruce Perry Subject: [CANSLIM] ADCT ADC Telecommunications, Inc (NASD:ADCT) HQ in Minnetonka, MN; (96/90/A/A/A) SmartSelect ratings as of Friday's IBD Has anyone already mentioned this one? If so, sorry for the wasted bandwidth... Provides cable & wireless telecommunications systems for local provider-to-end user connectivity. Heavily involved in enabling telephone, ISP and CATV companies with connectivity solutions that allow combinations of features (like 2-way voice, video and internet) to be delivered directly to consumers from a single provider. Lots of recent realeases of new products and services (several in May alone). Agreed to acquire SpectraCom - a provider of fiberoptic components - on 5/26. Deal still subject to regulatory approval. ADCT has already acquired 3 other companies in fiberoptic related lines of business over the past 4 years. (Better jump on ETEK while it's still a prime takeover target!) Chart shows a pattern like a double bottom 'W' pattern (1/98-1/99), but the mid-peak went *really* tall. Too tall? Looks like the handle lasted from 1/99-2/99, though I didn't see much of a decrease in volume over that period. Price has been rising (err... trending upward) since early 3/99. Is it a breakout? Too late? Still time? Disclaimer1: I am a non-professional investment neophyte and am thus, not responsible for my comments! Disclaimer2: I wish I had the funds to actually buy some of the stocks I spend so much time researching. Oh well, back to my stock watch list... [ DSP / EGRP / ETEK / NITE / ADCT / UOPIX ] UOPIX is a leveraged index mutual fund, with the stated objective of achieving *twice* the growth of the NASDAQ100 index. Up $9.33 a share on Friday. Only another $6 or $7 a share and it will be back up to where it was 3 weeks ago, when I frst put it in my list. - - Bruce - - ------------------------------ Date: Sat, 05 Jun 1999 21:11:38 -0400 From: Walter Stock Subject: Re:[CANSLIM] M,anyone? -Jeffry Hi Jeffry, Right now, spending time back with your lambs might be the best way to play this market. I need something like lambs myself right now. I spoke to a professional bee-keeper two weeks ago about raising bees as a hobby. Then he told me that the killer bee variety (which kill the honey bees) are all the way up to Illinois which is perilously close to my home in Ontario. Even worse is the epidemic of mites which are infesting bees and hives. They are killing the bees by the hundreds of thousands. All of this sounded too much like the current market. Still the contrarian in me thought that this might be the perfect time to buy the equipment and get started. Who knows. Here is the Canslim letter I like the most: C (cash). Tape is ugly, whipsaw prone. Bullish sentiment is well over 60%, and, worse, the percentage of bearish sentiment is now sneaking down towards 20%. My trading accounts are 100% cash until we get more of a shakeout. Welcome back. Walter - - ------------------------------ Date: Sat, 05 Jun 1999 20:48:31 -0700 From: Dan Cash Subject: [CANSLIM] (no subject) Hi Jeffry Dan - - ------------------------------ Date: Sat, 05 Jun 1999 22:32:37 -0700 From: "Earl Setser" Subject: [CANSLIM] Earl's Shopping List Well, I just finished the CA-SLI screening based on Friday's IBD (for some reason, I didn't get the Monday paper delivered today, so Friday's rally isn't included in this screen). I am a newbie at this, and I am also sitting on the sidelines as least for new purchases until M figures out which way is up! This is my list of stocks that have passed my initial screening. Maybe it will help someone, maybe not. Comments on the wisdom and lack thereof for my selections are what I seek. My general approach is a "cookbook" screen with set values for EPS/RPS (80/80), etc. After that I look at each stock for the "N", and try to establish my best call at future growth. After that, the technical side takes over and the charts make the call on the finalists. This list has no technical or price screening included, and no review of the individual stocks beyond specific fundamental numbers. Last week I pared the original list down to five or six stocks that looked like the best. I haven't made the final cut on these yet. I am trying not to talk to Tom right now, since every time I get a message from him, I seem to end up changing my formula. :-) Seriously though, all of the comments and suggestions are greatly appreciated. Let me know what you think. Earl's Shopping List for 6/4/99 ADVP AMRI AEOS ANSR ASTE BOBJ CEC CHRW CTS CPN CHCS CRDT CREE DSP EUSA FDS FM GEHL GCO GNTX GEOC HH INOC IFIN JLG JAKK LGTO MMCN MMGR MXT OSSI PSUN POWI QLGC PWR SLI SFP SDC TECH TMBS USFC - - ------------------------------ Date: Sun, 6 Jun 1999 05:40:41 -0700 (PDT) From: rolatzi Subject: [CANSLIM] State of the Market This scan is based on new lows for the previous 40 trading days. The NASDAQ hit a low on 5/26 the lowest since 1/12. Friday qualified as a follow through day with a compression day on 6/1 intervening. No bottoms on either the DJ or NYA. It is interesting that no one who responded to Jeffrey is bullish or invested. I am still primarily in energy (natural gas, which should see more rapid improvement in profitiability than drilling and exploration if current prices hold). I also hold positions in CREE and TMBS. ciao, rolatzi Index,Date, Hi, Lo, Close, Vol, MACD, Indicator !DJ30,03/10/1999,9849.71,9624.94,9772.84, 96.22, 39.78 !DJ30,03/11/1999,9992.35,9742.32,9897.44,103.97, 44.98 !DJ30,03/12/1999,10042.00,9779.00,9876.00,107.33, 49.15,Reversal !DJ30,03/15/1999,10027.00,9807.00,9958.00, 86.77, 54.10 !DJ30,03/16/1999,10062.00,9857.00,9930.00, 82.68, 57.91 !DJ30,03/17/1999,10024.00,9792.00,9879.00, 92.74, 60.27,Reversal !DJ30,03/18/1999,10060.00,9776.00,9997.00, 95.50, 64.16 !DJ30,03/19/1999,10158.00,9856.00,9903.00,125.91, 65.85,Reversal !DJ30,03/22/1999,10005.00,9796.00,9890.00, 71.75, 66.91 !DJ30,03/23/1999,9897.72,9593.85,9671.83, 96.39, 63.94,Compress !DJ30,03/24/1999,9803.09,9547.23,9666.84, 79.00, 60.89 !DJ30,03/25/1999,9916.59,9666.28,9836.39, 83.99, 60.69 !DJ30,03/26/1999,9923.53,9700.69,9822.24, 71.30, 60.00 !DJ30,03/29/1999,10089.00,9837.00,10006.00, 75.84, 62.20 !DJ30,03/30/1999,10035.00,9812.00,9913.00, 85.09, 62.37,Compress !DJ30,03/31/1999,10025.00,9744.00,9786.00,125.49, 60.13,Reversal !DJ30,04/01/1999,9927.69,9708.19,9832.51, 77.50, 58.60 !DJ30,04/05/1999,10080.00,9826.00,10007.00, 80.35, 59.87 !DJ30,04/06/1999,10097.00,9862.00,9963.00, 85.39, 60.01,Reversal !DJ30,04/07/1999,10166.00,9859.00,10085.00,102.57, 61.92 !DJ30,04/08/1999,10282.00,9980.00,10197.00, 96.77, 65.26 !DJ30,04/09/1999,10298.00,10035.00,10173.00, 87.36, 67.62 !DJ30,04/12/1999,10384.00,10042.00,10339.00, 94.51, 72.25 !DJ30,04/13/1999,10512.00,10239.00,10395.00, 95.87, 77.11 !DJ30,04/14/1999,10692.00,10196.00,10411.00,117.41, 81.48 !DJ30,04/15/1999,10673.00,10201.00,10462.00,151.34, 85.98 !DJ30,04/16/1999,10632.00,10299.00,10493.00,125.52, 90.25 !DJ30,04/19/1999,10879.00,10284.00,10445.00,152.35, 92.98,Reversal !DJ30,04/20/1999,10610.00,10212.00,10448.00,117.50, 95.15 !DJ30,04/21/1999,10702.00,10309.00,10581.00,101.76, 98.98 !DJ30,04/22/1999,10896.00,10517.00,10727.00,122.13,104.52 !DJ30,04/23/1999,10858.35,10530.45,10689.67,126.92,108.54,Compress !DJ30,04/26/1999,10854.00,10540.00,10718.00,102.51,112.26 !DJ30,04/27/1999,10977.46,10647.29,10831.71,119.60,117.13 !DJ30,04/28/1999,11050.77,10665.90,10845.45,115.61,121.35 !DJ30,04/29/1999,11052.00,10710.00,10878.00,119.84,125.28 !DJ30,04/30/1999,10961.71,10654.73,10789.04,137.10,126.90,Compress !DJ30,05/03/1999,11014.69,10756.11,11014.69,107.48,131.68 !DJ30,05/04/1999,11035.31,10868.36,10886.11,119.14,133.39,Reversal !DJ30,05/05/1999,10955.41,10775.86,10955.41,124.75,135.60 !DJ30,05/06/1999,10980.04,10852.32,10946.82,135.44,136.97,Reversal !DJ30,05/07/1999,11135.00,10838.00,11031.00,103.25,139.12 !DJ30,05/10/1999,11173.00,10876.00,11007.00,103.47,140.14,Reversal !DJ30,05/11/1999,11185.00,10882.00,11026.00,105.66,140.87 !DJ30,05/12/1999,11146.00,10759.00,11000.00,104.73,140.56 !DJ30,05/13/1999,11244.00,10931.00,11107.00, 98.05,141.53 !DJ30,05/14/1999,11076.60,10787.00,10913.30, 94.91,138.64 !DJ30,05/17/1999,10976.32,10677.64,10853.47, 83.03,134.46 !DJ30,05/18/1999,11017.00,10678.00,10836.00,105.92,129.82,Reversal !DJ30,05/19/1999,10988.00,10722.00,10887.00, 93.13,125.94 !DJ30,05/20/1999,11020.00,10773.00,10866.00, 84.17,121.54 !DJ30,05/21/1999,10974.00,10728.00,10829.00, 87.48,116.40,Reversal !DJ30,05/24/1999,10924.00,10568.00,10654.00, 95.69,108.29,Compress !DJ30,05/25/1999,10818.00,10494.00,10531.00, 91.90, 98.37 !DJ30,05/26/1999,10818.00,10416.00,10720.00,102.47, 92.04 !DJ30,05/27/1999,10734.00,10372.00,10466.00,108.59, 81.58,Compress !DJ30,05/28/1999,10690.00,10389.00,10559.00, 81.54, 73.20 !DJ30,06/01/1999,10717.00,10334.00,10596.00, 90.74, 65.79 !DJ30,06/02/1999,10694.00,10388.00,10577.00, 79.81, 58.34 !DJ30,06/03/1999,10767.00,10515.00,10663.00, 79.83, 52.64 !DJ30,06/04/1999,10799.80,10659.60,10799.80, 95.01, 49.39 !NYA,03/10/1999,606.56,601.60,606.48, 8.39, 1.32 !NYA,03/11/1999,615.17,606.48,611.67, 9.11, 1.51 !NYA,03/12/1999,615.50,609.65,611.54, 8.24, 1.67 !NYA,03/15/1999,615.54,610.33,615.22, 7.31, 1.86 !NYA,03/16/1999,616.97,613.33,614.08, 7.47, 2.02,Reversal !NYA,03/17/1999,614.16,608.19,610.65, 7.56, 2.08,Compress !NYA,03/18/1999,618.05,609.40,617.61, 8.35, 2.25 !NYA,03/19/1999,620.06,610.61,610.68, 9.21, 2.28,Reversal !NYA,03/22/1999,612.68,609.56,610.49, 6.63, 2.28 !NYA,03/23/1999,610.49,593.47,595.45, 8.17, 2.03,Compress !NYA,03/24/1999,597.16,592.97,596.59, 7.66, 1.80 !NYA,03/25/1999,604.86,596.51,604.86, 7.84, 1.72 !NYA,03/26/1999,604.86,599.72,602.35, 6.95, 1.60 !NYA,03/29/1999,613.98,602.35,613.16, 7.50, 1.66 !NYA,03/30/1999,613.16,606.45,608.65, 7.33, 1.63 !NYA,03/31/1999,613.29,603.30,603.59, 9.29, 1.50,Reversal !NYA,04/01/1999,605.78,601.43,604.99, 7.08, 1.40 !NYA,04/05/1999,614.63,604.99,614.63, 7.01, 1.46 !NYA,04/06/1999,615.79,609.90,612.32, 7.88, 1.47,Reversal !NYA,04/07/1999,616.70,611.70,616.23, 8.20, 1.53 !NYA,04/08/1999,624.33,615.46,624.28, 8.46, 1.71 !NYA,04/09/1999,627.44,620.49,626.59, 7.13, 1.90 !NYA,04/12/1999,633.14,621.67,633.13, 8.12, 2.17 !NYA,04/13/1999,635.31,629.10,631.67, 8.11, 2.39 !NYA,04/14/1999,634.17,624.92,625.67, 9.58, 2.47,Compress !NYA,04/15/1999,626.77,618.12,622.89, 10.90, 2.48,Compress !NYA,04/16/1999,626.15,619.82,624.90, 10.02, 2.51 !NYA,04/19/1999,635.07,613.84,615.88, 12.14, 2.38,Reversal !NYA,04/20/1999,621.23,615.32,620.84, 9.85, 2.33 !NYA,04/21/1999,633.71,620.19,633.71, 9.21, 2.48 !NYA,04/22/1999,640.97,633.65,640.97, 9.24, 2.73 !NYA,04/23/1999,641.79,636.92,639.30, 7.48, 2.92 !NYA,04/26/1999,640.35,637.08,638.83, 7.13, 3.07 !NYA,04/27/1999,643.99,638.83,643.27, 8.95, 3.26 !NYA,04/28/1999,645.25,639.30,640.32, 9.49, 3.37,Reversal !NYA,04/29/1999,643.18,636.07,638.09, 10.04, 3.42,Compress !NYA,04/30/1999,641.53,626.81,634.30, 9.46, 3.39 !NYA,05/03/1999,644.19,633.00,644.18, 8.12, 3.50 !NYA,05/04/1999,644.64,635.52,636.10, 9.33, 3.46,Reversal !NYA,05/05/1999,640.54,630.05,640.54, 8.98, 3.47 !NYA,05/06/1999,640.63,632.15,636.22, 8.80, 3.40 !NYA,05/07/1999,641.62,636.22,641.24, 8.19, 3.40 !NYA,05/10/1999,643.96,636.92,639.34, 7.73, 3.36 !NYA,05/11/1999,647.01,639.32,645.77, 8.44, 3.40 !NYA,05/12/1999,648.86,635.26,647.68, 8.29, 3.46 !NYA,05/13/1999,653.11,647.68,651.35, 7.93, 3.56 !NYA,05/14/1999,651.35,636.65,638.45, 7.27, 3.42 !NYA,05/17/1999,638.45,630.70,636.92, 6.80, 3.25 !NYA,05/18/1999,639.34,630.15,634.19, 7.53, 3.03,Reversal !NYA,05/19/1999,639.54,633.94,639.54, 7.74, 2.90 !NYA,05/20/1999,643.10,639.40,639.42, 7.51, 2.77 !NYA,05/21/1999,640.85,635.31,636.87, 6.92, 2.59 !NYA,05/24/1999,638.25,624.85,626.05, 7.43, 2.23,Compress !NYA,05/25/1999,630.04,617.30,617.34, 8.26, 1.74,Compress !NYA,05/26/1999,624.94,615.41,624.84, 8.77, 1.41 !NYA,05/27/1999,624.84,612.45,614.02, 8.30, 0.91 !NYA,05/28/1999,623.86,614.02,622.26, 6.54, 0.59 !NYA,06/01/1999,622.28,614.26,621.28, 6.87, 0.27,Compress !NYA,06/02/1999,622.32,614.78,620.50, 7.31, -0.05,Reversal !NYA,06/03/1999,624.88,620.50,624.20, 7.24, -0.28 !NYA,06/04/1999,634.52,624.14,634.52, 6.95, -0.33 !COMP,03/10/1999,2408.95,2378.81,2406.00, 0.94, 16.95 !COMP,03/11/1999,2437.39,2391.55,2412.25, 1.04, 16.57 !COMP,03/12/1999,2412.25,2362.87,2381.53, 0.92, 15.60 !COMP,03/15/1999,2431.44,2375.83,2431.44, 0.85, 15.45 !COMP,03/16/1999,2450.01,2423.81,2439.27, 0.98, 15.34 !COMP,03/17/1999,2441.72,2419.85,2428.97, 0.86, 14.96 !COMP,03/18/1999,2463.01,2423.54,2462.96, 0.94, 15.09 !COMP,03/19/1999,2480.63,2420.21,2421.27, 1.06, 14.40,Reversal !COMP,03/22/1999,2430.85,2395.29,2395.94, 0.88, 13.25 !COMP,03/23/1999,2395.94,2319.96,2322.84, 0.98, 10.87,Compress !COMP,03/24/1999,2365.35,2305.64,2365.28, 0.86, 9.33 !COMP,03/25/1999,2434.89,2365.58,2434.80, 0.94, 8.99 !COMP,03/26/1999,2445.72,2410.46,2419.17, 0.83, 8.34 !COMP,03/29/1999,2492.84,2419.17,2492.84, 0.88, 8.89 !COMP,03/30/1999,2506.79,2477.62,2480.29, 0.90, 9.09,Reversal !COMP,03/31/1999,2520.63,2458.77,2461.40, 1.11, 8.87,Reversal !COMP,04/01/1999,2502.46,2460.24,2493.37, 0.86, 9.11 !COMP,04/05/1999,2560.10,2515.70,2560.06, 0.98, 10.36 !COMP,04/06/1999,2582.37,2544.04,2563.17, 1.12, 11.46 !COMP,04/07/1999,2596.25,2511.39,2544.43, 1.28, 12.05,Reversal !COMP,04/08/1999,2573.97,2515.20,2573.39, 1.15, 12.97 !COMP,04/09/1999,2599.20,2561.51,2593.05, 1.10, 14.04 !COMP,04/12/1999,2606.24,2526.84,2598.81, 1.16, 15.00 !COMP,04/13/1999,2632.51,2575.05,2583.50, 1.35, 15.52,Reversal !COMP,04/14/1999,2628.19,2507.28,2507.28, 1.43, 14.60,Reversal !COMP,04/15/1999,2536.34,2443.02,2521.77, 1.24, 13.91 !COMP,04/16/1999,2528.51,2476.93,2484.04, 1.04, 12.53 !COMP,04/19/1999,2501.71,2341.35,2345.61, 1.21, 8.86,Reversal !COMP,04/20/1999,2409.78,2329.87,2409.64, 1.15, 6.49 !COMP,04/21/1999,2489.84,2404.71,2489.08, 1.13, 5.58 !COMP,04/22/1999,2561.79,2525.26,2561.61, 1.12, 5.88 !COMP,04/23/1999,2603.10,2538.00,2590.69, 1.06, 6.56 !COMP,04/26/1999,2661.51,2590.69,2652.05, 1.06, 8.11 !COMP,04/27/1999,2677.76,2602.13,2602.41, 1.14, 8.61,Reversal !COMP,04/28/1999,2610.91,2544.90,2550.37, 1.01, 8.09 !COMP,04/29/1999,2553.10,2500.75,2528.44, 1.01, 7.17,Compress !COMP,04/30/1999,2578.06,2489.97,2542.85, 1.00, 6.47 !COMP,05/03/1999,2549.10,2512.37,2535.58, 0.87, 5.63 !COMP,05/04/1999,2557.21,2482.49,2485.12, 0.93, 3.93,Reversal !COMP,05/05/1999,2534.45,2430.65,2534.45, 1.05, 3.13 !COMP,05/06/1999,2546.36,2464.57,2472.28, 0.92, 1.27 !COMP,05/07/1999,2507.72,2462.27,2503.62, 0.87, 0.03 !COMP,05/10/1999,2536.11,2500.74,2526.39, 0.84, -0.78 !COMP,05/11/1999,2574.37,2542.42,2566.68, 0.96, -0.92 !COMP,05/12/1999,2610.33,2548.24,2606.54, 1.04, -0.45 !COMP,05/13/1999,2632.74,2581.75,2582.00, 1.08, -0.51,Reversal !COMP,05/14/1999,2558.59,2519.53,2527.86, 0.94, -1.53 !COMP,05/17/1999,2561.85,2494.51,2561.84, 0.79, -1.97 !COMP,05/18/1999,2576.43,2543.32,2558.36, 0.87, -2.49,Reversal !COMP,05/19/1999,2577.93,2540.38,2577.40, 0.97, -2.71 !COMP,05/20/1999,2587.33,2542.23,2542.23, 1.01, -3.56,Reversal !COMP,05/21/1999,2553.76,2509.24,2520.14, 0.89, -4.78 !COMP,05/24/1999,2529.30,2444.89,2453.66, 0.93, -7.05,Reversal !COMP,05/25/1999,2466.17,2379.61,2380.90, 1.06,-10.40,Reversal !COMP,05/26/1999,2427.18,2339.12,2427.18, 1.11,-12.72,Bottom, Previous,01/12/1999 !COMP,05/27/1999,2440.08,2400.94,2419.15, 0.84,-15.00 !COMP,05/28/1999,2470.64,2412.11,2470.52, 0.69,-16.26 !COMP,06/01/1999,2470.53,2411.97,2412.03, 0.75,-18.41,Compress !COMP,06/02/1999,2436.57,2364.59,2432.41, 0.90,-20.05 !COMP,06/03/1999,2444.04,2402.29,2403.32, 0.82,-22.05 !COMP,06/04/1999,2478.34,2419.46,2478.34, 0.89,-22.63,FollowThru _________________________________________________________ Do You Yahoo!? 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