From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #639 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 Tuesday, June 29 1999 Volume 02 : Number 639 In this issue: Re: [CANSLIM] WIZTF and XETA Breakouts Re: [CANSLIM] WIZTF and XETA Breakouts Re: [CANSLIM] Investment advice Re: [CANSLIM] WIZTF and XETA Breakouts Re: [CANSLIM] C.....M, TA? [Jeffry on Connie Mack] [CANSLIM] Begin of the Small Cap fest? [CANSLIM] Pretty nice free site. [Connie Mack] [CANSLIM] To Wolf and Lamb from Bee [Connie and Jeffry] Re: [CANSLIM] To Wolf and Lamb from Bee [Connie and Jeffry] [CANSLIM] More sites for Walter, et.al. [Connie Mack] [CANSLIM] The Big Easy Re: [CANSLIM] Begin of the Small Cap fest? Re: [CANSLIM] The Big Easy ---------------------------------------------------------------------- Date: Mon, 28 Jun 1999 19:10:59 -0700 From: "Earl Setser" Subject: Re: [CANSLIM] WIZTF and XETA Breakouts My notes say thiat WIZTF is in the process of being bought out. You should check the news and see if that is still the case. At 08:31 PM 6/28/99 -0400, you wrote: >Any opinions on WIZTF and XETA? Both broke out today on strong >volume. Below is my assessement. > >WIZTF >IBD: 94 93 A A A >C: +90%, +322% +310% EPS growth last 3 quarters >A: 22% growth rate >N: New high today on triple average volume >S: 6.6M total shares, 5M float, 9% management owned >L: Not in top 5 in group, but close and Computer Software >Enterprise is rising in rank. Makes software for cable TV, >another strong group >I: Only 2% fund ownership >M: Awaiting Fed >Chart: Broke out of 5-week cup today > >XETA >IBD: 93 91 A A A >C: +22%, +17%, +52% EPS growth last 3 quarters >A: 30% growth rate >N: New high today on 6X average volume >S: 2M shares, 1.2M outstanding, 40% management owned >L: Not in top 5, but also a strong group: Telecommunications >Equipment >I: Only 2% fund ownership >M: Awaiting Fed >Chart: Broke out of a 5-week cup today. Would have to wait for a >pullback to buy. > >Both of these stocks look good to me. They look very much alike. >One concern I have is the low fund ownership. Also, the bases are >pretty short with no handles. > >Hugh > > > >- > - - ------------------------------ Date: Mon, 28 Jun 1999 21:22:45 -0400 From: Hugh Fader Subject: Re: [CANSLIM] WIZTF and XETA Breakouts Thanks Earl, The company changed hands last March. From their web site: Since 1999, Convergys Corporation (NYSE: CVG), the global leader in providing outsourced, integrated, customer care and billing services, owns a 70% equity stake in Wiztec Solutions. Convergys purchased controlling interest in Wiztec Solutions from the Formula Group (Nasdaq: FORTY), the largest public information technology company in Israel. Does anybody know how or if this 70% ownership would show up in shares outstanding or float? Earl Setser wrote: > My notes say thiat WIZTF is in the process of being bought out. You should > check the news and see if that is still the case. > > At 08:31 PM 6/28/99 -0400, you wrote: > >Any opinions on WIZTF and XETA? Both broke out today on strong > >volume. Below is my assessement. > > > >WIZTF > >IBD: 94 93 A A A > >C: +90%, +322% +310% EPS growth last 3 quarters > >A: 22% growth rate > >N: New high today on triple average volume > >S: 6.6M total shares, 5M float, 9% management owned > >L: Not in top 5 in group, but close and Computer Software > >Enterprise is rising in rank. Makes software for cable TV, > >another strong group > >I: Only 2% fund ownership > >M: Awaiting Fed > >Chart: Broke out of 5-week cup today > > > >XETA > >IBD: 93 91 A A A > >C: +22%, +17%, +52% EPS growth last 3 quarters > >A: 30% growth rate > >N: New high today on 6X average volume > >S: 2M shares, 1.2M outstanding, 40% management owned > >L: Not in top 5, but also a strong group: Telecommunications > >Equipment > >I: Only 2% fund ownership > >M: Awaiting Fed > >Chart: Broke out of a 5-week cup today. Would have to wait for a > >pullback to buy. > > > >Both of these stocks look good to me. They look very much alike. > >One concern I have is the low fund ownership. Also, the bases are > >pretty short with no handles. > > > >Hugh > > > > > > > >- > > > > - - - ------------------------------ Date: Mon, 28 Jun 1999 21:29:58 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Investment advice Ben, While I have given lots of investment advice over the years as a licensed broker, I am not comfortable giving advice to someone not my client, and without full understanding of the situation. You sound comfortable with your present broker, and it sounds like he's done right by your family so far, so why question his recommendations? As a general comment, when there is a long term financial requirement, I would agree with putting any excess capital (that amount over what is needed to generate current income) into a growth vehicle. With a low risk tolerance (and esp in light of how the mkt has been trading for several years) I would think this would be either funds or stocks, but either way large cap. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - -----Original Message----- From: Ben Heffer To: canslim@lists.xmission.com Date: Monday, June 28, 1999 12:50 PM Subject: [CANSLIM] Investment advice This is a non-Canslim type of question for the group. Being so new to even thinking about investment, my learning about Canslim does not apply to the question I am about to ask: namely, my mother-in-laws estate of something less then $200K, is about to be shifted around as some bonds are coming due. The account is presently being managed by a broker at Everen Securities and has shown himself to be an honest person and experienced at dealing with investments in families with special problems. The proceeds of this estate will be supporting a handicapped relation for the rest of her days and she's in her mid-forties, so our risk tolerance is fairly low. In addition, there will be some need for income from this investment for this relation on a monthly basis. He will be calling today to see how the proceeds of the bonds should be distributed- invest on the market and get some growth growing on part of the monies. He will probably suggest Blue Chips. Would it be appropriate to use Canslim data to see whether the companies he's recommending are high ranking stocks? Are the Blue chips all high ranked stocks on the IBD scales? I suspect some are and some are not. Thoughts, guidance? If you would like, I can post his list of recommended stocks. Thanks, Ben 963-2428 home 945-9183 work Cyber Consultants-Training, Installations, Home Page Design mailto:bheffer@sopris.net ICQ# is 8736058 - - - - ------------------------------ Date: Mon, 28 Jun 1999 22:06:31 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] WIZTF and XETA Breakouts Hugh, This 70% ownership must be measured in the context of the purchase. It may be that the 6.6 mil shares now outstanding includes a large block issued to cover this purchase, thus the 70% may have been a percentage of the then outstanding shares, and may be a considerably lower percentage today. The purchase could have also been done in the form of warrants or convertible bonds which are exercisable at a price above the present trading level, thus not being counted as part of the fully diluted issue/float. You would need to do some homework on this. It's also possible that the shares acquired were non-voting, thus preventing them from having control over the company, or there were other restrictive clauses on the purchase. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - -----Original Message----- From: Hugh Fader To: canslim@lists.xmission.com Date: Monday, June 28, 1999 9:22 PM Subject: Re: [CANSLIM] WIZTF and XETA Breakouts Thanks Earl, The company changed hands last March. From their web site: Since 1999, Convergys Corporation (NYSE: CVG), the global leader in providing outsourced, integrated, customer care and billing services, owns a 70% equity stake in Wiztec Solutions. Convergys purchased controlling interest in Wiztec Solutions from the Formula Group (Nasdaq: FORTY), the largest public information technology company in Israel. Does anybody know how or if this 70% ownership would show up in shares outstanding or float? Earl Setser wrote: > My notes say thiat WIZTF is in the process of being bought out. You should > check the news and see if that is still the case. > > At 08:31 PM 6/28/99 -0400, you wrote: > >Any opinions on WIZTF and XETA? Both broke out today on strong > >volume. Below is my assessement. > > > >WIZTF > >IBD: 94 93 A A A > >C: +90%, +322% +310% EPS growth last 3 quarters > >A: 22% growth rate > >N: New high today on triple average volume > >S: 6.6M total shares, 5M float, 9% management owned > >L: Not in top 5 in group, but close and Computer Software > >Enterprise is rising in rank. Makes software for cable TV, > >another strong group > >I: Only 2% fund ownership > >M: Awaiting Fed > >Chart: Broke out of 5-week cup today > > > >XETA > >IBD: 93 91 A A A > >C: +22%, +17%, +52% EPS growth last 3 quarters > >A: 30% growth rate > >N: New high today on 6X average volume > >S: 2M shares, 1.2M outstanding, 40% management owned > >L: Not in top 5, but also a strong group: Telecommunications > >Equipment > >I: Only 2% fund ownership > >M: Awaiting Fed > >Chart: Broke out of a 5-week cup today. Would have to wait for a > >pullback to buy. > > > >Both of these stocks look good to me. They look very much alike. > >One concern I have is the low fund ownership. Also, the bases are > >pretty short with no handles. > > > >Hugh > > > > > > > >- > > > > - - - - - ------------------------------ Date: Tue, 29 Jun 1999 15:20:31 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] C.....M, TA? [Jeffry on Connie Mack] Am sorry to announce to the testy Jeffry that I have closed my trade in TGLO at 18.75 with a most generous profit. And am looking to re-enter. Jeffry was downright disparaging of my TGLO. I believe he called TGLO an "internet IPO flop." I can't understand why the lamb farmer distrusts the wolf trader. I am really a lamb in wolf's clothing. I've been watching ALSI. Not a pretty picture for CS, but looks like it is about to change character. Entry here would be a low level risk. I've a few other stocks that look promising. More on them later. Connie Mack postwhit@sover.net wrote: > The good Doctor wrote: > > > Canslim is primarily a > > breakout strategy. Buy strong stocks with high value credentials and wait for them > > to breakout. > > > > Nothing wrong with this strategy. It has a measure of safety built in: One buys > > on the strength of breaking out. The offset is that you are late to enter and late > > to get out [by a trader's time table]. A part of this offset is that you buy false > > breakouts. Buy a couple of these, and you may lose your poise and a lot of money. > > A breakout may be the beginning of a falling away. You've got to know when to hold > > 'em and when to fold 'em. > > Perhaps you'd proffer your TA skills on a CANSLIM stock (as opposed to > an internut IPO flop like TGLO) so that the misfortunes of "late to > enter and late to get out" might be a focus of this group's effort at > improving their CANSLIM investing/speculation/trading (as the case may > be)? > > Jeffry > > - - - ------------------------------ Date: Tue, 29 Jun 1999 21:33:23 +0200 From: Johan Van Houtven Subject: [CANSLIM] Begin of the Small Cap fest? RUT broke out today. Don't have the volume yet though. Looks like the small caps are ready for their day in the sun. Johan - - ------------------------------ Date: Tue, 29 Jun 1999 15:36:56 -0400 From: Connie Mack Rea Subject: [CANSLIM] Pretty nice free site. [Connie Mack] There is a pretty nice free [and no credit card] site for investors at several levels: http://subs.aaii.com/cgi-bin/go/XAAI/RAGE-aaiitG2?s=S900 Connie Mack - - ------------------------------ Date: Tue, 29 Jun 1999 17:47:47 -0400 From: Walter Stock Subject: [CANSLIM] To Wolf and Lamb from Bee [Connie and Jeffry] Hi Connie, First Reesegroup.com and now Bigeasyinvestor.com. Where do you dig these sites up? Both are valuable to the Canslimmer as well as the trader. Have to admit that I was put off by the name of the latter (what... Louisiana investing?!?). Still, the quickie tutorials are valuable and well illustrated, even if you don't want a long term relationship. Some of the material carries faint echoes of my beloved Elder Triple Screen. Interesting filters for Candlestick patterns too. Thanks again, Walter Oakville, Ontario, Canada Connie Mack Rea wrote: > John-- > > Sorry for my error. Think you'll like the site. > > http://bigeasyinvestor.com > > Connie - - ------------------------------ Date: Tue, 29 Jun 1999 18:06:32 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] To Wolf and Lamb from Bee [Connie and Jeffry] Thanks, Walter-- I came across these two, and the one I'm adding below, as I was looking for sites for my faculty group. Know what you mean by "BigEasy." But hang onto your shorts. I've got another superlative site: http://itrader.kanisa.com This site, like BigEasy, is sophisticated and, as I recall, doesn't have anything under the "Help" button. If you get hung up, I may be able to help you navigate. Connie Walter Stock wrote: > Hi Connie, > > First Reesegroup.com and now Bigeasyinvestor.com. > Where do you dig these sites up? > Both are valuable to the Canslimmer as well as the trader. > > Have to admit that I was put off by the name of the latter > (what... Louisiana investing?!?). > Still, the quickie tutorials are valuable and well illustrated, > even if you don't want a long term relationship. > Some of the material carries faint echoes of my > beloved Elder Triple Screen. > Interesting filters for Candlestick patterns too. > > Thanks again, > > Walter > Oakville, Ontario, Canada > > Connie Mack Rea wrote: > > > John-- > > > > Sorry for my error. Think you'll like the site. > > > > http://bigeasyinvestor.com > > > > Connie > > - - - ------------------------------ Date: Tue, 29 Jun 1999 19:24:04 -0400 From: Connie Mack Rea Subject: [CANSLIM] More sites for Walter, et.al. [Connie Mack] I like these three sites I've listed below. Each is intended for a different approach to the market. The first URL is the home page that leads to the other three. I post once in a while to the Daytrades' site. Believe I have seen posts by some of the CS group there. The other two would be of more interest to CSers. For some reason, there are few posts. I get a mail now and then from someone on these two who are curious about trading. The Great Stocks Project seems well intentioned. Perhaps some of our members will log on. There is opportunity to speak about non-Canslim items that are still of interest to investors. http://www.geocities.com/WallStreet/3811/index.html http://www.geocities.com/WallStreet/3811/lists.html#daytrades http://www.geocities.com/WallStreet/3811/lists.html#greatstocks http://www.geocities.com/WallStreet/3811/lists.html#marketwise Connie Mack - - ------------------------------ Date: Tue, 29 Jun 1999 18:48:22 -0600 From: Ben Heffer Subject: [CANSLIM] The Big Easy >> Sorry for my error. Think you'll like the site. >> >> http://bigeasyinvestor.com >> >> Connie There is something wrong with this URL. There is no server responding to this address. It could be they are down right now, but i'm not getting in. Ben 963-2428 home 945-9183 work Cyber Consultants-Training, Installations, Home Page Design mailto:bheffer@sopris.net ICQ# is 8736058 - - ------------------------------ Date: Wed, 30 Jun 1999 01:01:05 GMT From: musicant@pacbell.net (Dan Musicant) Subject: Re: [CANSLIM] Begin of the Small Cap fest? On Tue, 29 Jun 1999 21:33:23 +0200, you wrote: :RUT broke out today. Don't have the volume yet though. : :Looks like the small caps are ready for their day in the sun. :: :Johan I'm sorry if I'm disillusioning you, Johan, but the Russell 2000 underperformed the market today. Here are the figures: ^RUT ^WIL5 ^IXIC ^NYA ^SPX Place the above symbols in a portfolio at finance.yahoo and you get this: R2000: +1.22% Wilshire 5000 (the gamut, and therefore an average of all indexes, as I understand it: +1.52% Nasdaq Comp: +1.52% NYSE Comp: +1.45% S&P 500: +1.51% Dan Musicant - - ------------------------------ Date: Tue, 29 Jun 1999 23:27:12 -0400 From: "Surindra Singh" Subject: Re: [CANSLIM] The Big Easy Ben: You are probably using some free browser from mircosoft or netscape. You can upgrade to a paid one or just add www. in front of the URL and it will work ;-) Try this: http://www.bigeasyinvestor.com/ Regards and have a wonderful wednesday. Surindra - ----- Original Message ----- From: Ben Heffer To: Sent: Tuesday, June 29, 1999 8:48 PM Subject: [CANSLIM] The Big Easy > >> Sorry for my error. Think you'll like the site. > >> > >> http://bigeasyinvestor.com > >> > >> Connie > > There is something wrong with this URL. There is no server responding to > this address. It could be they are down right now, but i'm not getting in. > > Ben > 963-2428 home > 945-9183 work > Cyber Consultants-Training, Installations, Home Page Design > mailto:bheffer@sopris.net > > ICQ# is 8736058 > > > > - > > - - ------------------------------ End of canslim-digest V2 #639 ***************************** 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.