From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #621 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 Monday, June 7 1999 Volume 02 : Number 621 In this issue: Re: Re: [CANSLIM] Institutions Re: [CANSLIM] State of the Market Re: [CANSLIM] State of the Market Re: [CANSLIM] State of the Market [CANSLIM] Cable Modem Question (noncanslim) [CANSLIM] CHKP B/O? - Checkpoint Software Re: [CANSLIM] State of the Market Re: [CANSLIM] CHKP B/O? - Checkpoint Software [CANSLIM] M,anyone? - Tom W. Re: [CANSLIM] Cable Modem Question (noncanslim) Re: [CANSLIM] M,anyone? - Tom W. [CANSLIM] ICPT - Industry Group? Re: [CANSLIM] CHKP B/O? - Checkpoint Software Re: [CANSLIM] Cable Modem Question (noncanslim) Re: [CANSLIM] ICPT - Industry Group? Re: [CANSLIM] ICPT - Industry Group? [CANSLIM] DGO Lists Re: [CANSLIM] State of the Market Re: [CANSLIM] State of the Market Re: [CANSLIM] M,anyone? - Tom W. Re: [CANSLIM] Earl's Shopping List Re: [CANSLIM] M,anyone? - Tom W. [CANSLIM] Market Direction (was DGO Lists) Re: [CANSLIM] Market Direction (was DGO Lists) [CANSLIM] NVR Re: [CANSLIM] NVR Re: [CANSLIM] ICPT - Industry Group? [CANSLIM] buying at the market ---------------------------------------------------------------------- Date: Sun, 6 Jun 1999 10:18:48 -0400 From: "Tom Worley" Subject: Re: Re: [CANSLIM] Institutions Earl, Best answer I can give you is to email IBD with the question. I suspect the "advisors" %age and "funds" %age are not directly additive, but can't be sure. 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 3:31 PM 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. - - ------------------------------ Date: Sun, 6 Jun 1999 10:36:11 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] State of the Market Rolatzi, Did I somehow miscommunicate? I thought I've been posting bullish stuff for a week or two, at least. And I remain fully (or nearly so) invested (including TMBS) the entire year. Guess I need to go back and reread my response to Jeffry, it was intended to be a positive slant on "M". Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - -----Original Message----- From: rolatzi To: canslim@mail.xmission.com Date: Sunday, June 06, 1999 9:36 AM 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 - - ------------------------------ Date: Sun, 06 Jun 1999 09:55:45 -0400 From: Hugh Fader Subject: Re: [CANSLIM] State of the Market Nice table. Follow-through I get. It looks like reversal is what O'Neil calls diestribution. What is compression? Thanks. rolatzi wrote: > 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 > !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 > !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!? > Get your free @yahoo.com address at http://mail.yahoo.com > > - - - ------------------------------ Date: Sun, 06 Jun 1999 17:43:37 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] State of the Market At 05:40 AM 6/6/99 -0700, you wrote: >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 I noticed that to, Rich. But a follow-through day has a 80% chance of being correct. Pretty good, but not perfect. There is more to 'M' than follow-through days. Nice # of new highs Friday. Some growth stocks breaking out. But nothing to get overly excited about. Maybe these are or will be the new leaders. I'm watching, yes. Sentiment is still too bullish. A wash-out would be nice. But we don't always get what we want. I am still careful. Not convinced on loading up just yet. Plenty of daytrading opportunities lately. That good enough for now. Have fun, Johan >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 >!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!? >Get your free @yahoo.com address at http://mail.yahoo.com > > > > >- > > Johan - - ------------------------------ Date: Sun, 06 Jun 1999 12:45:34 -0400 From: Peter Newell Subject: [CANSLIM] Cable Modem Question (noncanslim) I have an adsl connection that runs 1.5mbs in(from the net to me) and 256kbs out(from me to the net) is this how cables modems work or do you have to use a phone line too? Thanks, Peter Newell - - ------------------------------ Date: Sun, 06 Jun 1999 12:50:35 -0400 From: Peter Newell Subject: [CANSLIM] CHKP B/O? - Checkpoint Software Made a nice move Friday. Don't have numbers but growing fast. Any thoughts Peter Newell - - ------------------------------ Date: Sun, 6 Jun 1999 11:43:05 -0700 (PDT) From: rolatzi Subject: Re: [CANSLIM] State of the Market Hugh, A reversal is when a stock opens higher than the previous close or hits a high for day higher than the previous high and then closes down for the day on increased volume. Compression is when the stock simply closes down from the previous day on increased volume but does not have a reversal. Ciao, rolatzi - --- Hugh Fader wrote: > Nice table. Follow-through I get. It looks like reversal is > what > O'Neil calls diestribution. What is compression? > > Thanks. > > rolatzi wrote: > > > 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 > > !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 > > !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!? > > Get your free @yahoo.com address at http://mail.yahoo.com > > > > - > > > > > - > > _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 6 Jun 1999 11:55:15 -0700 (PDT) From: rolatzi Subject: Re: [CANSLIM] CHKP B/O? - Checkpoint Software Peter, I have followed this one for sometime myself and have been waiting for a breakout. It was in a really beautiful llur pattern from the September low until 1/19/99 when it peaked at 56 and then washed out and has been correcting since then. Isn't really a cup and handle because of shape and low of 23 is too large a correction for some. I could nibble at this one and see whether it breaks out past 56 and then pick up some more or if it doesn't pierce the resistance have a close stop. Fundamentals look good, i don't have the canslim numbers but QRS is > 80, weekly MACD is just going up past zero and Friday's increase on good volume. Just my HO. ciao, rolatzi - --- Peter Newell wrote: > Made a nice move Friday. Don't have numbers but growing fast. > > Any thoughts > > Peter Newell > > > - > > _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Sun, 06 Jun 1999 15:00:06 -0400 From: postwhit@sover.net Subject: [CANSLIM] M,anyone? - Tom W. > 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. You're there, big guy. Couldn't remember how to spell your name, so T was all you got!! ;) No shearing here, we got de "hair sheep". They shed, no wool. And no wool means, no lanolin. So that muttony taste that drives so many from the lamb market, not out of my stock. Clean and lean. And a shearing did not keep me away. I've been reading and working on a shorter term "M" indicator, but mostly, it's been sheep. Just had most of my speculation capital tied up in a house that just wouldn't sell without a battle. Finally, out of there. I hear ya on the longer term trend. No doubt the Bull Market remains in tact, at this point. Over the shorter term, however, I don't think we are done with this down turn. Likely headed for some sort of a panic-type flushing. I hope so, scare the b-jeesum out of everybody, I say. That's the kind of bottom we need. Let's see, Walter's figuring on raising bees, Frank's doing something with a TV, Dr. Connie Mack just hit me with a classic private note, T wants a vehicle for his mint jelly, Dan Cash can muster nothing more than a "hello". Hey, rolatzi!! Why so serious? ROFL. Have a nice day. Nice to hear from you folks. Hope the "M" treats you well here shortly (or longly). Jeffry - - ------------------------------ Date: Sun, 06 Jun 1999 16:28:35 -0400 From: Hugh Fader Subject: Re: [CANSLIM] Cable Modem Question (noncanslim) Peter, Cable modems are bi-directional. All of them that I know of connect to the cable TV cable on one side, and a standard ethernet card in your computer on the other. It nominally runs at 1 Mb/s, but my testing shows it is generally half that or less. Peter Newell wrote: > I have an adsl connection that runs 1.5mbs in(from the net to me) and 256kbs > out(from me to the net) is this how cables modems work or do you have to use > a phone line too? > > Thanks, > > Peter Newell > > - - - ------------------------------ Date: Sun, 06 Jun 1999 14:12:25 -0700 From: Dan Cash Subject: Re: [CANSLIM] M,anyone? - Tom W. Kiss, kiss, hug, hug. Missed you Jeffry. Is that better? Sorry the slight. Dan postwhit@sover.net wrote: > > 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. > > You're there, big guy. Couldn't remember how to spell your name, so T > was all you got!! ;) > > No shearing here, we got de "hair sheep". They shed, no wool. And no > wool means, no lanolin. So that muttony taste that drives so many from > the lamb market, not out of my stock. Clean and lean. > > And a shearing did not keep me away. I've been reading and working on a > shorter term "M" indicator, but mostly, it's been sheep. Just had most > of my speculation capital tied up in a house that just wouldn't sell > without a battle. Finally, out of there. > > I hear ya on the longer term trend. No doubt the Bull Market remains in > tact, at this point. Over the shorter term, however, I don't think we > are done with this down turn. Likely headed for some sort of a > panic-type flushing. I hope so, scare the b-jeesum out of everybody, I > say. That's the kind of bottom we need. > > Let's see, Walter's figuring on raising bees, Frank's doing something > with a TV, Dr. Connie Mack just hit me with a classic private note, T > wants a vehicle for his mint jelly, Dan Cash can muster nothing more > than a "hello". > > Hey, rolatzi!! Why so serious? ROFL. > > Have a nice day. Nice to hear from you folks. Hope the "M" treats you > well here shortly (or longly). > > Jeffry > > - - - ------------------------------ Date: Sun, 06 Jun 1999 18:41:52 -0400 From: "Frank V. Wolynski" Subject: [CANSLIM] ICPT - Industry Group? Does anyone have an IBD from 3/29/99 or shortly thereafter (couple of weeks) that can look up the symbol ICPT in the New Issues listings? Or even DGO if you'd prefer. I would like to know the Industry Group IBD has assigned them. I've buried my IBD's and cannot get to them. Thanks, Frank Wolynski - - ------------------------------ Date: Sun, 06 Jun 1999 18:49:15 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] CHKP B/O? - Checkpoint Software At 12:50 PM 6/6/99 -0400, you wrote: >Made a nice move Friday. Don't have numbers but growing fast. > >Any thoughts > >Peter Newell > Looks like a lone wolf in the pack of Security-Softwares. Unless I am missing stocks in that group, it is all alone with a great chart. Currently ranked #127, it is losing ground in performance. Lost 20 in ranking this week alone. Regards, Frank Wolynski - - ------------------------------ Date: Sun, 06 Jun 1999 18:53:09 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] Cable Modem Question (noncanslim) At 12:45 PM 6/6/99 -0400, you wrote: >I have an adsl connection that runs 1.5mbs in(from the net to me) and 256kbs >out(from me to the net) is this how cables modems work or do you have to use >a phone line too? > >Thanks, > >Peter Newell > > Peter if I may be so bold, what is ADSL running in your neighborhood? It is expensive (to me) in Tampa. I prefer the flexibility and ease of the ADSL, but can't afford at this juncture. Regards, Frank Wolynski - - ------------------------------ Date: Sun, 6 Jun 1999 18:58:25 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] ICPT - Industry Group? Computer software - Finance per DGO Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - -----Original Message----- From: Frank V. Wolynski To: canslim@mail.xmission.com Date: Sunday, June 06, 1999 6:41 PM Subject: [CANSLIM] ICPT - Industry Group? Does anyone have an IBD from 3/29/99 or shortly thereafter (couple of weeks) that can look up the symbol ICPT in the New Issues listings? Or even DGO if you'd prefer. I would like to know the Industry Group IBD has assigned them. I've buried my IBD's and cannot get to them. Thanks, Frank Wolynski - - - - ------------------------------ Date: Sun, 06 Jun 1999 19:24:42 -0400 From: "Frank V. Wolynski" Subject: Re: [CANSLIM] ICPT - Industry Group? At 06:58 PM 6/6/99 -0400, you wrote: >Computer software - Finance per DGO > >Tom Worley >stkguru@netside.net >chat with me at ICQ # 5568838 >get ICQ software at http://www.icq.com/icqhomepage.html > > Thanks Tom, I like this group. #35, it has lost ranking 7 weeks in a row, but not to sell pressure. My surrogate chart on the group is a flat base extending from 7 weeks ago, RS rising with OBV tightening and pointing up. However, the weekly MACD oscillator is ticking a decline. Other leadership in the group, ADVS, taking the LLUR train. SCAI, horrible looking (wide and loose) but nonetheless strong RS. TMBS, real nice return to those July 98 high regions. TSCN, really came out of March strong. The rest look horrible. Regards, Frank Wolynski - - ------------------------------ Date: Sun, 6 Jun 1999 20:24:35 -0400 From: "Tom Worley" Subject: [CANSLIM] DGO Lists Once again, I have been asked how I find CANSLIM quality stocks, esp in this volatile mkt. Quick review, my first source is stocks hitting new highs, this virtually assures me of an RS of 80 or better. Then I trot these stocks thru DG/DGO and check the actual RS and EPS, as well as the consistency of earnings and sales figures both year to year as well as sequential qtr. After that, again using DGO data, I check ownership of mngmt and funds, float vs issue, debt, ROE, etc. Tonight's review is much delayed due to a severe need to recharge the batteries after a grueling week, but must note that the DGO list of stocks at/within 5% of their high increased slightly from 127 to 139, while the ones that got a margin comment from me increased even more. Here's what caught my eye in tonight's scrolling thru the list: UNPH - base CMVT - base, B/O DY - nice base DTG - base ?? CMED - B/O, still buyable?? AEOS - failed b/o DSP - base, vol down MNC - B/O, extended? SIDE - base, B/O, vol down SCOR - base EMCG - LLUR CTS - stealth B/O (lot of these tonight) NVR - stealth B/O CNSP - stealth B/O, small cap IBI - volatile LLUR style PTI - tight base FAST - stealth B/O COLL - base ELK - base NATI - base DCI - base ATSN - base ASD - base MRIS - base OGNB - base My overall impression looking at the charts on this list tonight is considerably more favorable than a week ago. More constructive patterns, more breakouts, less stocks sliding down of light volume, etc. Combine that with the drop in VIX on Friday, and it looks good to me for at least another few days, if not weeks, for the true CANSLIM stocks. Of course, that doesn't say anything about the big caps, I've got no opinion there. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - - ------------------------------ Date: Sun, 06 Jun 1999 21:14:42 -0500 From: Dave Squires Subject: Re: [CANSLIM] State of the Market Johan Wrote: >>Sentiment is still too bullish. A wash-out would be nice. But we don't always get what we want.<< Yes it is..... the Inv. Intelligence numbers have been at multi-year highs even during this corrective/choppy market. Smells like a complacent market. The Nasdaq drops over 300 points and the crowd is bullish at the bottom?......this seems strange to me. I'm watching the 50-day MA for a possible rally failure. Good Trading, Dave Squires - - ------------------------------ Date: Sun, 06 Jun 1999 21:14:42 -0500 From: Dave Cameron Subject: Re: [CANSLIM] State of the Market Rich and all, I, too, am pretty close to fully invested. Gotta admit, most stocks of mine haven't exactly been going up - but several seem to be basing. There's one which I should have sold, but didn't... I still think that the "down" of the market has been primarily in the internets. Subtract them out of the equation, and we are still in a strong market. Dave Cameron dfcameron@ameritech.net > -----Original Message----- > From: rolatzi > To: canslim@mail.xmission.com > Date: Sunday, June 06, 1999 9:36 AM > Subject: [CANSLIM] State of the Market > > It is interesting that no one who responded to Jeffrey is > bullish or invested. > > - - - ------------------------------ Date: Sun, 06 Jun 1999 21:18:23 -0500 From: Dave Cameron Subject: Re: [CANSLIM] M,anyone? - Tom W. postwhit@sover.net wrote: > > Let's see, Walter's figuring on raising bees, Frank's doing something > with a TV, Dr. Connie Mack just hit me with a classic private note, T > wants a vehicle for his mint jelly, Dan Cash can muster nothing more > than a "hello". And Dave Cameron is still teaching his 3-year old daughter how to read charts :-> - - ------------------------------ Date: Sun, 6 Jun 1999 20:42:54 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] Earl's Shopping List Date sent: Sat, 05 Jun 1999 22:32:37 -0700 To: canslim@xmission.com From: "Earl Setser" Subject: [CANSLIM] Earl's Shopping List > Earl's Shopping List for 6/4/99 > > MMGR I think these guys are being acquired, don't think there is much point in buying them now. - - ------------------------------ Date: Sun, 06 Jun 1999 21:18:23 -0500 From: Dave Cameron Subject: Re: [CANSLIM] M,anyone? - Tom W. postwhit@sover.net wrote: > > Let's see, Walter's figuring on raising bees, Frank's doing something > with a TV, Dr. Connie Mack just hit me with a classic private note, T > wants a vehicle for his mint jelly, Dan Cash can muster nothing more > than a "hello". And Dave Cameron is still teaching his 3-year old daughter how to read charts :-> - - ------------------------------ Date: Mon, 7 Jun 1999 00:32:18 -0400 (EDT) From: canslim@email.com Subject: [CANSLIM] Market Direction (was DGO Lists) Next few weeks seem good for the canslim stocks as there is not going to be big news, feds meetings for changing interest rates, earning reports etc. This should create rather smoother period for stocks in general specially canslims. Buy and hold canslimers. ---- On Jun 6 "Tom Worley" wrote: > Once again, I have been asked how I find CANSLIM quality > stocks, esp in this volatile mkt. Quick review, my first > source is stocks hitting new highs, this virtually assures > me of an RS of 80 or better. Then I trot these stocks thru > DG/DGO and check the actual RS and EPS, as well as the > consistency of earnings and sales figures both year to year > as well as sequential qtr. After that, again using DGO data, > I check ownership of mngmt and funds, float vs issue, debt, > ROE, etc. Tonight's review is much delayed due to a severe > need to recharge the batteries after a grueling week, but > must note that the DGO list of stocks at/within 5% of their > high increased slightly from 127 to 139, while the ones that > got a margin comment from me increased even more. Here's > what caught my eye in tonight's scrolling thru the list: > > UNPH - base > CMVT - base, B/O > DY - nice base > DTG - base ?? > CMED - B/O, still buyable?? > AEOS - failed b/o > DSP - base, vol down > MNC - B/O, extended? > SIDE - base, B/O, vol down > SCOR - base > EMCG - LLUR > CTS - stealth B/O (lot of these tonight) > NVR - stealth B/O > CNSP - stealth B/O, small cap > IBI - volatile LLUR style > PTI - tight base > FAST - stealth B/O > COLL - base > ELK - base > NATI - base > DCI - base > ATSN - base > ASD - base > MRIS - base > OGNB - base > > My overall impression looking at the charts on this list > tonight is considerably more favorable than a week ago. More > constructive patterns, more breakouts, less stocks sliding > down of light volume, etc. Combine that with the drop in VIX > on Friday, and it looks good to me for at least another few > days, if not weeks, for the true CANSLIM stocks. Of course, > that doesn't say anything about the big caps, I've got no > opinion there. > > Tom Worley > stkguru@netside.net > chat with me at ICQ # 5568838 > get ICQ software at http://www.icq.com/icqhomepage.html > > > > > - > - ----------------------------------------------- FREE! The World's Best Email Address @email.com Reserve your name now at http://www.email.com - - ------------------------------ Date: Sun, 06 Jun 1999 22:05:21 -0700 From: Dan Cash Subject: Re: [CANSLIM] Market Direction (was DGO Lists) Who is this person Canslim? A pseudonym for Jeff? canslim@email.com wrote: > Next few weeks seem good for the canslim stocks as there is not going to be big news, feds meetings for changing interest rates, earning reports etc. This should create rather smoother period for stocks in general specially canslims. Buy and hold canslimers. > > ---- On Jun 6 "Tom Worley" wrote: > > Once again, I have been asked how I find CANSLIM quality > > stocks, esp in this volatile mkt. Quick review, my first > > source is stocks hitting new highs, this virtually assures > > me of an RS of 80 or better. Then I trot these stocks thru > > DG/DGO and check the actual RS and EPS, as well as the > > consistency of earnings and sales figures both year to year > > as well as sequential qtr. After that, again using DGO data, > > I check ownership of mngmt and funds, float vs issue, debt, > > ROE, etc. Tonight's review is much delayed due to a severe > > need to recharge the batteries after a grueling week, but > > must note that the DGO list of stocks at/within 5% of their > > high increased slightly from 127 to 139, while the ones that > > got a margin comment from me increased even more. Here's > > what caught my eye in tonight's scrolling thru the list: > > > > UNPH - base > > CMVT - base, B/O > > DY - nice base > > DTG - base ?? > > CMED - B/O, still buyable?? > > AEOS - failed b/o > > DSP - base, vol down > > MNC - B/O, extended? > > SIDE - base, B/O, vol down > > SCOR - base > > EMCG - LLUR > > CTS - stealth B/O (lot of these tonight) > > NVR - stealth B/O > > CNSP - stealth B/O, small cap > > IBI - volatile LLUR style > > PTI - tight base > > FAST - stealth B/O > > COLL - base > > ELK - base > > NATI - base > > DCI - base > > ATSN - base > > ASD - base > > MRIS - base > > OGNB - base > > > > My overall impression looking at the charts on this list > > tonight is considerably more favorable than a week ago. More > > constructive patterns, more breakouts, less stocks sliding > > down of light volume, etc. Combine that with the drop in VIX > > on Friday, and it looks good to me for at least another few > > days, if not weeks, for the true CANSLIM stocks. Of course, > > that doesn't say anything about the big caps, I've got no > > opinion there. > > > > Tom Worley > > stkguru@netside.net > > chat with me at ICQ # 5568838 > > get ICQ software at http://www.icq.com/icqhomepage.html > > > > > > > > > > - > > > > ----------------------------------------------- > FREE! The World's Best Email Address @email.com > Reserve your name now at http://www.email.com > > - - - ------------------------------ Date: Mon, 7 Jun 1999 06:39:32 -0400 From: "james sullivan" Subject: [CANSLIM] NVR Tom, You recently included NVR in a "watch/comment" list; did you happen to notice the % of shorts? If so, do you have an opinion/comment|? thanks, jim - - ------------------------------ Date: Mon, 7 Jun 1999 07:19:58 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] NVR NVR is a "stealth B/O" for several reasons. First, even after two consecutive days of 2X volume, RS is only 85. On the other hand, this puts it #1 in its group, with #2 back at an RS of 71. However, the GRS is only 14 despite the strong "new homes" sales reported last week. Biggest disadvantage that NVR must endure is that it trades on AMEX. Otherwise, its CS elements are extremely strong (RS 85, EPS 99, A/D A, Timeliness A). Management ownership is reported at 0% (a negative) however there are 1.6 million shares missing from the issue of 10.7 mil shares, presumably a stake held in non liquid form by other than insiders. Funds already have 17% of the remaining float. Short position, at 33.2 days, appears large as I did not see an indication of arbitrage available (e.g. convertible bonds). But I also saw no reason that those shorters should be rewarded for their audacity, so this would be a bonus if I were buying this one. The recent increase in volume, with a mild price rise, may be indicative of some short covering. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - -----Original Message----- From: james sullivan To: canslim@lists.xmission.com Date: Monday, June 07, 1999 6:49 AM Subject: [CANSLIM] NVR Tom, You recently included NVR in a "watch/comment" list; did you happen to notice the % of shorts? If so, do you have an opinion/comment|? thanks, jim - - - - ------------------------------ Date: Mon, 7 Jun 1999 07:28:47 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] ICPT - Industry Group? Frank, EPS weak on SCAI (71) and TSCN (35). Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - -----Original Message----- From: Frank V. Wolynski To: canslim@lists.xmission.com Date: Sunday, June 06, 1999 7:24 PM Subject: Re: [CANSLIM] ICPT - Industry Group? At 06:58 PM 6/6/99 -0400, you wrote: >Computer software - Finance per DGO > Other leadership in the group, ADVS, taking the LLUR train. SCAI, horrible looking (wide and loose) but nonetheless strong RS. TMBS, real nice return to those July 98 high regions. TSCN, really came out of March strong. The rest look horrible. Regards, Frank Wolynski - - - - ------------------------------ Date: Mon, 7 Jun 1999 11:38:59 EDT From: Mypiason3@aol.com Subject: [CANSLIM] buying at the market if i were to purchase 500 shares at the market price of 10 3/4 and the ask volume is only 200, will a market maker pick up the other 300 at 10 3/4 or will i pick up the other 300 at higher increments? - - ------------------------------ End of canslim-digest V2 #621 ***************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. 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