From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #685 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 Wednesday, August 25 1999 Volume 02 : Number 685 In this issue: Re: [CANSLIM] RFMD B/O ? Re: [CANSLIM] RFMD B/O ? [CANSLIM] Past: lurkers . Now: posters. Future: experts. [CANSLIM] EMLX Re: [CANSLIM] RFMD B/O ? Re: [CANSLIM] RFMD B/O ? Re: [CANSLIM] RFMD B/O ? Re: [CANSLIM] RE:Fortune's Top 100 buy candidate Re: [CANSLIM] EMLX RE: [CANSLIM] RE:Fortune's Top 100 buy candidate Re: [CANSLIM] stocks Re: [CANSLIM] EMLX Re: [CANSLIM] RFMD B/O ? [CANSLIM] Portfolio Tracking Re: [CANSLIM] EMLX [CANSLIM] CSCO forming cup Re: [CANSLIM] RFMD B/O ? Re: [CANSLIM] EMLX [CANSLIM] After hours trading. [Connie Mack] Re: [CANSLIM] EFII [CANSLIM] EFII Re: [CANSLIM] EMLX Re: [CANSLIM] EFII Re: [CANSLIM] EFII Re: [CANSLIM] EFII Re: [CANSLIM] EFII Re: [CANSLIM] RFMD B/O ? Re: [CANSLIM] RFMD B/O ? Re: [CANSLIM] EFII [CANSLIM] Breakouts Re: [CANSLIM] EFII Re: [CANSLIM] EFII RE: [CANSLIM] EFII Re: [CANSLIM] EMLX Re: [CANSLIM] EFII ---------------------------------------------------------------------- Date: Tue, 24 Aug 1999 21:59:16 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] RFMD B/O ? At 12:12 PM 8/24/99 -0700, you wrote: >Hi all, >Usually a lurker here but here goes... That was the past. Hope to see many questions and comments from you in the future. For the benefit of all mankind, I mean, the CANSLIM list members. >Would you consider RFMD having broke out of a double bottom? I bought >yesterday morning @ 44 after catching it on earls list (thanks Earl). >Even though it is doing wonderful today, was it a good canslim entry? Yes, it was. Congratulations! >This >was my first midday purchase as I'm usually working. > >Btw, I REALLY enjoy the lists by Tom, Marc, Earl, etc... as it helps me >narrow down my picks. This was my first buy in a while. I've been in cash >for several weeks based mainly on my perception of IBD's "The Big Picture" >section. Even with yesterdays run-up, IBD is still very cautious - insisting >on stocks that have a base of seven weeks. That said, I guess I may have >answered my own question about RFMD. Comments? Considering how short this correction has been (measured from top to follow-through day) RFMD's base is good enough. And keep posting! (Or I'll short RFMD big time. Just kiddin'! ) Johan === - - ------------------------------ Date: Tue, 24 Aug 1999 21:01:33 +0100 From: "Marc Laniado" Subject: Re: [CANSLIM] RFMD B/O ? I have been trying to buy RFMD at the right time for months! I bought it once when it was making the right side of the cup and broke out in the lower half. I sold it soon after for a profit because I became scared and did not want to lose my profit. Having done so, I lost out on a lot. On one of the occasions when I was in America, I read in educating investors that it is ok to do that providing there is something extraordinary about the fundmentals. I think there is in the case of RFMD - but I don't think it merits a CANSLIM chart but maybe a converging triangle (maybe Connie or other technical analysts can help). It didn't break out on volume but did make quite a gap. The latter can be constructive and, again, maybe Connie or others can help. I think this is an example where non-CANSLIM techniques might help when CANSLIM techniques don't generate enough useful signals - sorry for being a heretic (no burning please) - ----- Original Message ----- From: Bill Triffet To: canslim.net Sent: Tuesday, August 24, 1999 8:12 PM Subject: [CANSLIM] RFMD B/O ? > Hi all, > Usually a lurker here but here goes... > Would you consider RFMD having broke out of a double bottom? I bought > yesterday morning @ 44 after catching it on earls list (thanks Earl). > Even though it is doing wonderful today, was it a good canslim entry? This > was my first midday purchase as I'm usually working. > > Btw, I REALLY enjoy the lists by Tom, Marc, Earl, etc... as it helps me > narrow down my picks. This was my first buy in a while. I've been in cash > for several weeks based mainly on my perception of IBD's "The Big Picture" > section. Even with yesterdays run-up, IBD is still very cautious - insisting > on stocks that have a base of seven weeks. That said, I guess I may have > answered my own question about RFMD. Comments? > > -Bill Triffet > > > > > - > > - - ------------------------------ Date: Tue, 24 Aug 1999 22:11:39 +0200 From: Johan Van Houtven Subject: [CANSLIM] Past: lurkers . Now: posters. Future: experts. Just a quick note to let the ex-lurkers know how delighted I (and I hope many other members) are about seeing all of your posts! This is what your future looks like: Your timeline: PAST - - - NOW - - - FUTURE Lurker -> Active Member -> Learning by asking questions. Keeping im mind that there are no mistakes, only valuable feedback. -> Better investor -> Succesful investor. Even my 7 year old understands this. He asks a lot of questions! And he consistently gets very high grades in school. Maybe there is some pattern here that we all can learn from? - ----------- BTW: Another followthrough day on the Nasdaq. Johan === - - ------------------------------ Date: Wed, 25 Aug 1999 00:43:26 +0100 From: "Marc Laniado" Subject: [CANSLIM] EMLX Anyone looking at EMLX as a double bottom (7week) breakout? - - ------------------------------ Date: Tue, 24 Aug 1999 18:09:07 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] RFMD B/O ? I did the same with POWI. Bought it perfectly mid April at 35, sold it soon after out of fear. Watched it skyrocket to the high 70's before it's August selloff. Secretly I was happy to see the selloff. (g) - ----- Original Message ----- From: Marc Laniado To: Sent: Tuesday, August 24, 1999 1:01 PM Subject: Re: [CANSLIM] RFMD B/O ? > I have been trying to buy RFMD at the right time for months! I bought it > once when it was making the right side of the cup and broke out in the lower > half. I sold it soon after for a profit because I became scared and did not > want to lose my profit. Having done so, I lost out on a lot. - - ------------------------------ Date: Tue, 24 Aug 1999 18:18:13 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] RFMD B/O ? Johan, I'm looking at the chart right now and...uh... Is this the new "after-hours" trading party taking my profits? Clearstation and quicken.com both show a last trade of 39 3/4 - after the close. Hmmm Bill - ----- Original Message ----- From: Johan Van Houtven To: Sent: Tuesday, August 24, 1999 12:59 PM Subject: Re: [CANSLIM] RFMD B/O ? > At 12:12 PM 8/24/99 -0700, you wrote: > >Hi all, > >Usually a lurker here but here goes... > > That was the past. Hope to see many questions and comments from you in the > future. For the benefit of all mankind, I mean, the CANSLIM list members. > > >Would you consider RFMD having broke out of a double bottom? I bought > >yesterday morning @ 44 after catching it on earls list (thanks Earl). > >Even though it is doing wonderful today, was it a good canslim entry? > > Yes, it was. Congratulations! > > >This > >was my first midday purchase as I'm usually working. > > > >Btw, I REALLY enjoy the lists by Tom, Marc, Earl, etc... as it helps me > >narrow down my picks. This was my first buy in a while. I've been in cash > >for several weeks based mainly on my perception of IBD's "The Big Picture" > >section. Even with yesterdays run-up, IBD is still very cautious - insisting > >on stocks that have a base of seven weeks. That said, I guess I may have > >answered my own question about RFMD. Comments? > > Considering how short this correction has been (measured from top to > follow-through day) RFMD's base is good enough. > > And keep posting! (Or I'll short RFMD big time. Just kiddin'! ) > > > > Johan === > > > > - > > - - ------------------------------ Date: Tue, 24 Aug 1999 20:31:59 -0500 (CDT) From: "Robert Gammon" Subject: Re: [CANSLIM] RFMD B/O ? Hmm, quote.com's livecharts shows the last trade at 16:02:47 at 46 1/16 and my Datek acct shows last trade at 46 1/16, and Brown&Co shows 46 1/16 and Merrill Lynch also shows 46 1/16. Sometimes, a quote service messes up stuff and the error shows up in many places. This is not to say that there MAY well be after hours trading on Instinet that reflects this lower price. There was duscussion at the close on CNBC that some of the tech stocks that enjoyed the runup during the day were seeing some after hours selling pressure. I did not notice which stocks they were discussing, it was all backgroung noise to what I was doing at the time. After all, CNBC is in the entertainment business, not investor education or investor information retrieval. Robert Gammon On Tue, 24 Aug 1999 18:18:13 -0700, Bill Triffet wrote: >Johan, > >I'm looking at the chart right now and...uh... Is this the new "after-hours" >trading party taking my profits? Clearstation and quicken.com both show a >last trade of 39 3/4 - after the close. Hmmm > >Bill > >----- Original Message ----- >From: Johan Van Houtven >To: >Sent: Tuesday, August 24, 1999 12:59 PM >Subject: Re: [CANSLIM] RFMD B/O ? > > >> At 12:12 PM 8/24/99 -0700, you wrote: >> >Hi all, >> >Usually a lurker here but here goes... >> >> That was the past. Hope to see many questions and comments from you in the >> future. For the benefit of all mankind, I mean, the CANSLIM list members. >> >> >Would you consider RFMD having broke out of a double bottom? I bought >> >yesterday morning @ 44 after catching it on earls list (thanks Earl). >> >Even though it is doing wonderful today, was it a good canslim entry? >> >> Yes, it was. Congratulations! >> >> >This >> >was my first midday purchase as I'm usually working. >> > >> >Btw, I REALLY enjoy the lists by Tom, Marc, Earl, etc... as it helps me >> >narrow down my picks. This was my first buy in a while. I've been in cash >> >for several weeks based mainly on my perception of IBD's "The Big >Picture" >> >section. Even with yesterdays run-up, IBD is still very cautious - >insisting >> >on stocks that have a base of seven weeks. That said, I guess I may have >> >answered my own question about RFMD. Comments? >> >> Considering how short this correction has been (measured from top to >> follow-through day) RFMD's base is good enough. >> >> And keep posting! (Or I'll short RFMD big time. Just kiddin'! ) >> >> >> >> Johan === >> >> >> >> - >> >> > > >- > > - - ------------------------------ Date: Tue, 24 Aug 1999 23:15:49 -0400 From: "Surindra Singh" Subject: Re: [CANSLIM] RE:Fortune's Top 100 buy candidate Rather poor canslim numbers, rs 44 will take me off, although eps rank of 89 is good. It is off high 31%, too much in my opinion. Take care Dan and have a nice day. Surindra - ----- Original Message ----- From: Dan Sutton To: Sent: Tuesday, August 24, 1999 8:52 AM Subject: [CANSLIM] RE:Fortune's Top 100 buy candidate > Of the 100 stocks I just posted, the only one that looks interesting to me > as far as an immediate buy signal is VSIO. The buy signal I use is a > Stochastic RSI trigger . > > Backtesting this particular entry trigger shows that over the past year VSIO > tripped the buy signal on 9/1/98, 9/2/98, 12/11/98, 12/14/98, 6/24/99, > 8/20/99 and 8/23/99. All trades (other than the current one) were closed > within 10 days at a profit ranging from $2 to $8 per share. > > The chart pattern is definitely NOT CANSLIM as far as having established a > base or cup and handle, but the signal works for me! > > > > - > - - ------------------------------ Date: Tue, 24 Aug 1999 23:30:10 -0400 From: "Surindra Singh" Subject: Re: [CANSLIM] EMLX Marc: I do not even see a single bottom... Regards Surindra - ----- Original Message ----- From: Marc Laniado To: canslim Sent: Tuesday, August 24, 1999 7:43 PM Subject: [CANSLIM] EMLX > Anyone looking at EMLX as a double bottom (7week) breakout? > > > > - > > - - ------------------------------ Date: Tue, 24 Aug 1999 22:05:13 -0600 From: "Dan Sutton" Subject: RE: [CANSLIM] RE:Fortune's Top 100 buy candidate Yee Ouch! Only good news was that I didn't get in at the high so I am only down $1 the first day. - -----Original Message----- From: Dan Sutton To: Sent: Tuesday, August 24, 1999 8:52 AM Subject: [CANSLIM] RE:Fortune's Top 100 buy candidate > Of the 100 stocks I just posted, the only one that looks interesting to me > as far as an immediate buy signal is VSIO. The buy signal I use is a > Stochastic RSI trigger . > > Backtesting this particular entry trigger shows that over the past year VSIO > tripped the buy signal on 9/1/98, 9/2/98, 12/11/98, 12/14/98, 6/24/99, > 8/20/99 and 8/23/99. All trades (other than the current one) were closed > within 10 days at a profit ranging from $2 to $8 per share. > > The chart pattern is definitely NOT CANSLIM as far as having established a > base or cup and handle, but the signal works for me! > > - - ------------------------------ Date: Tue, 24 Aug 1999 22:32:39 -0800 From: "Patrick Wahl" Subject: Re: [CANSLIM] stocks Date sent: Tue, 24 Aug 1999 09:59:07 -0400 From: Connie Mack Rea > PSEM is an example of a Canslim stock that is amenable to an overlay of > technical indicators. I.e., there is a conjunction of a stock with good > Canslim indicators as well as good technical indicators. (I presume > that PSEM is a buy or approaching a buy.) From what Tom and others have > taught me about Canslim, one of its drawbacks is the absence of a > precise buy and sell procedure. If you mean a good buy signal, some stocks do give very clear buy signals, some stocks just bumble around and never form a coherent base. PSEM is one I consider to have given a good buy signal - that being a breakout to a new high from a good base on very heavy volume, I think it was 3 times avg. daily volume. PSEM had one other thing going for it - a strong industry group, according to the DG, group rel. strength was 99, and combing that with the strong volume on the breakout, it was a fairly clear buy signal. Whether it ultimately works out is another matter.... - - ------------------------------ Date: Wed, 25 Aug 1999 06:52:49 +0100 From: "Marc Laniado" Subject: Re: [CANSLIM] EMLX If you look at a daily chart, EMLX travelled between 120 and 100 and 119 and 89 or thereabouts. It then rose to 120 made a 3 day handle and broke out on 3 times normal volume to 125. This occurred over 6 or 7 weeks or so. In HTMMIS, O'Neill says that a base is formed after a run up of at least 30%, which EMLX did. It is therefore, not the typical double bottom of normal techical analysis and the chart pattern is over a short time period as I say. It has increasing gross and net margins, ROE 33%, positive cash flow, no debt, made 2 earnings surprises in the 2 last quarters, 9% management ownership, 17% fund ownership and a large PE of 163. EPS 77 Best, Marc - ----- Original Message ----- From: Surindra Singh To: Sent: Wednesday, August 25, 1999 4:30 AM Subject: Re: [CANSLIM] EMLX > Marc: > > I do not even see a single bottom... > > > Regards > > Surindra > ----- Original Message ----- > From: Marc Laniado > To: canslim > Sent: Tuesday, August 24, 1999 7:43 PM > Subject: [CANSLIM] EMLX > > > > Anyone looking at EMLX as a double bottom (7week) breakout? > > > > > > > > - > > > > > > > - > > - - ------------------------------ Date: Wed, 25 Aug 1999 02:48:41 -0700 From: "Earl Setser" Subject: Re: [CANSLIM] RFMD B/O ? RFMD was actually a buy a few months ago. For those who got in, it has held pretty well, and the new move is just icing. Having said that, I considered the short 4 week base as a possible entry this week also. I ended up missing $44 and now it's up over 5% from my pivot point, so I'm looking at others. This stock does seem to be strong lately, and I think you have a good shot at a winner. Good luck. At 12:12 PM 8/24/99 -0700, you wrote: >Hi all, >Usually a lurker here but here goes... >Would you consider RFMD having broke out of a double bottom? I bought >yesterday morning @ 44 after catching it on earls list (thanks Earl). >Even though it is doing wonderful today, was it a good canslim entry? This >was my first midday purchase as I'm usually working. > >Btw, I REALLY enjoy the lists by Tom, Marc, Earl, etc... as it helps me >narrow down my picks. This was my first buy in a while. I've been in cash >for several weeks based mainly on my perception of IBD's "The Big Picture" >section. Even with yesterdays run-up, IBD is still very cautious - insisting >on stocks that have a base of seven weeks. That said, I guess I may have >answered my own question about RFMD. Comments? > >-Bill Triffet > > > > >- > > - - ------------------------------ Date: Wed, 25 Aug 1999 02:51:43 -0700 From: "Earl Setser" Subject: [CANSLIM] Portfolio Tracking Here is a description of what I believe is a new feature at Motley Fool: 1. A Portfolio That Teaches As It Tracks Our online portfolios service automatically tracks the performance of your investment portfolio and ranks it against the performance of the S&P 500, a feature unique among all financial sites. We've also added links from the quotes page directly to discussions on our message boards -- which PC Magazine calls the #1 community on the Web. We developed these features because investing without context is like playing tennis without a racquet. Or something. (We're weak on analogies!) We think you'll like our latest upgrade. Test these innovative portfolios today at... http://boards.fool.com/portfolios/portfolios.asp? - - ------------------------------ Date: Wed, 25 Aug 1999 08:27:24 -0400 From: Sam Funchess Subject: Re: [CANSLIM] EMLX Maybe I am mistaken but I see a possible breakout of a DBL BTM on 8/16 not yesterday. My understanding of a DBL BTM is the second leg dips below the first dip. The second leg as I see it is 8/5 and the BO from that is $118 on 8/16. Sam Marc Laniado wrote: > Anyone looking at EMLX as a double bottom (7week) breakout? > > - - - ------------------------------ Date: Wed, 25 Aug 1999 07:05:28 -0700 From: Subject: [CANSLIM] CSCO forming cup CSCO appears to be forming a nice cup and is near a new price high. Cup is about 8 weeks long. SEBL had B/O yesterday on heavy volume. PS. I own both of the above. ETEK (on my watchlist) also had a B/O on heavy volume. Ziggy - - ------------------------------ Date: Tue, 24 Aug 1999 19:13:02 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] RFMD B/O ? Evening Marc-- Looks to me like you're doing just fine with RFMD. Might be about ready to undergo a short term correction. As for gaps, they mean that something extraordinary, even aberrant, has happened. The only time that I look favorably at a gap is when it triggers a First Level Buy in the 3/7/10 EMA, and MACD is either one day away from a buy or on that day turns buy. Reading gaps seems to be more of an art than a science, in as much as anything technical is "science." Connie Marc Luanda wrote: > I have been trying to buy RFMD at the right time for months! I bought it > once when it was making the right side of the cup and broke out in the lower > half. I sold it soon after for a profit because I became scared and did not > want to lose my profit. Having done so, I lost out on a lot. On one of the > occasions when I was in America, I read in educating investors that it is ok > to do that providing there is something extraordinary about the fundmentals. > I think there is in the case of RFMD - but I don't think it merits a CANSLIM > chart but maybe a converging triangle (maybe Connie or other technical > analysts can help). It didn't break out on volume but did make quite a gap. > The latter can be constructive and, again, maybe Connie or others can help. > I think this is an example where non-CANSLIM techniques might help when > CANSLIM techniques don't generate enough useful signals - sorry for being a > heretic (no burning please) > ----- Original Message ----- > From: Bill Triffet > To: canslim.net > Sent: Tuesday, August 24, 1999 8:12 PM > Subject: [CANSLIM] RFMD B/O ? > > > Hi all, > > Usually a lurker here but here goes... > > Would you consider RFMD having broke out of a double bottom? I bought > > yesterday morning @ 44 after catching it on earls list (thanks Earl). > > Even though it is doing wonderful today, was it a good canslim entry? This > > was my first midday purchase as I'm usually working. > > > > Btw, I REALLY enjoy the lists by Tom, Marc, Earl, etc... as it helps me > > narrow down my picks. This was my first buy in a while. I've been in cash > > for several weeks based mainly on my perception of IBD's "The Big Picture" > > section. Even with yesterdays run-up, IBD is still very cautious - > insisting > > on stocks that have a base of seven weeks. That said, I guess I may have > > answered my own question about RFMD. Comments? > > > > -Bill Triffet > > > > > > > > > > - > > > > > > - - - ------------------------------ Date: Wed, 25 Aug 1999 10:26:16 -0700 (PDT) From: Dick Wilkinson Subject: Re: [CANSLIM] EMLX Sam Chapter 14 in HTMMIS. "A double-bottom price pattern looks like the letter "W."" Each low is practically at the same level. The breakout looks powerful though. EFII broke out today, but the volume is anemic. I won't buy unless the volume reaches over one million. Dick Wilkinson - --- Sam Funchess wrote: > Maybe I am mistaken but I see a possible breakout of > a DBL BTM on 8/16 > not yesterday. My understanding of a DBL BTM is the > second leg dips > below the first dip. The second leg as I see it is > 8/5 and the BO from > that is $118 on 8/16. > > Sam > > Marc Laniado wrote: > > > Anyone looking at EMLX as a double bottom (7week) > breakout? > > > > - > > > - > > __________________________________________________ Do You Yahoo!? Bid and sell for free at http://auctions.yahoo.com - - ------------------------------ Date: Wed, 25 Aug 1999 13:32:35 -0400 From: Connie Mack Rea Subject: [CANSLIM] After hours trading. [Connie Mack] A couple of points about Ameritrade Brokerage [my broker]. First: I am told that they have no plans to join in after hours trading. Second: Ameritrade does have an unadvertised trader's program. Costs $800 per year; has some qualifications. You may have to persist. Some emloyees don't even know of the program. Connie Mack - - ------------------------------ Date: Wed, 25 Aug 1999 10:59:39 -0700 From: Subject: Re: [CANSLIM] EFII Dick, EFII has traded 711,700 shares with 2 1/4 hours to go...at that pace, EFII will trade over 1 million today. Ziggy Dick Wilkinson wrote: > > > EFII broke out today, but the volume is > anemic. I won't buy unless the volume reaches > over one million. > > Dick Wilkinson > > > > > - - ------------------------------ Date: Wed, 25 Aug 1999 20:00:29 +0200 From: Johan Van Houtven Subject: [CANSLIM] EFII > EFII broke out today, but the volume is >anemic. I won't buy unless the volume reaches >over one million. Dick, EFII : ADV(10) 340800 ADV(30) 608597 Volume 2 hours before close: 713000. That is more than 200% ADV(10). There are people out there who buy as soon as they figure the volume will get to 150% ADV(10) that day. That might be the reason why it broke out already. Volume has been light the last 2 weeks. That's why they also use ADV(10) in addition to ADV(30). No, this is not standard WON, but remember that there are folks out there who are refining WON's methods to today's market. And you and me have to deal with them, whether we like it or not. Johan === - - ------------------------------ Date: Wed, 25 Aug 1999 14:02:23 -0400 From: Craig Griffin Subject: Re: [CANSLIM] EMLX Dick, My read is that it had a 5 week base beginning on 07/19. Pivot point is 119 or thereabouts. (Draw a line at 119 from 07/19 till yesterday and you will see that 99% of the action is below this point). If you want to be strict, you could use 124 as the pivot. I see the pattern as roughly a cup with handle (many cups do not have a perfect shape). Cup is about 35% deep, handle droops down about 12%. The cup ends on 08/17 and the handle continues until 08/23. Breakout is yesterday (08/24). Yahoo shows average volume as 174,000. (Not sure about DG/IBD, they are usually a bit higher due to different calculation.) But volume yesterday at 541,000 is more than enough. Pivot of 119 and 124 were both exceeded. Today is follow-through type of action. Assuming pivot of 119, buying range is 119 to 131 (119 + 10% = 119 * 1.10 = 131). Best Regards, Craig At 10:26 AM 8/25/99 -0700, you wrote: >Sam > > Chapter 14 in HTMMIS. "A double-bottom price >pattern looks like the letter "W."" Each low is >practically at the same level. The breakout looks >powerful though. > > EFII broke out today, but the volume is >anemic. I won't buy unless the volume reaches >over one million. > >Dick Wilkinson > > >--- Sam Funchess wrote: > > Maybe I am mistaken but I see a possible breakout of > > a DBL BTM on 8/16 > > not yesterday. My understanding of a DBL BTM is the > > second leg dips > > below the first dip. The second leg as I see it is > > 8/5 and the BO from > > that is $118 on 8/16. > > > > Sam > > > > Marc Laniado wrote: > > > > > Anyone looking at EMLX as a double bottom (7week) > > breakout? > > > > > > - > > > > > > - > > > > > > > >__________________________________________________ >Do You Yahoo!? >Bid and sell for free at http://auctions.yahoo.com > > >- - - ------------------------------ Date: Wed, 25 Aug 1999 14:15:57 -0400 From: Craig Griffin Subject: Re: [CANSLIM] EFII Dick, Sorry, my other post was re: EMLX, I did not notice you had switched to EFII in the body of the post. My other post is still valid re: EMLX, but does not apply to EFII. Johan, Are you calculating ADV(10) and ADV(30) using QP and some program or scan? Or via a web site? Or some other method? Thanks in advance. Best Regards, Craig At 08:00 PM 8/25/99 +0200, you wrote: > > EFII broke out today, but the volume is > >anemic. I won't buy unless the volume reaches > >over one million. > >Dick, > >EFII : ADV(10) 340800 ADV(30) 608597 > >Volume 2 hours before close: 713000. That is more than 200% ADV(10). > >There are people out there who buy as soon as they figure the volume will >get to 150% ADV(10) that day. That might be the reason why it broke out >already. > >Volume has been light the last 2 weeks. That's why they also use ADV(10) in >addition to ADV(30). > >No, this is not standard WON, but remember that there are folks out there >who are refining WON's methods to today's market. And you and me have to >deal with them, whether we like it or not. > > > >Johan === > > > >- - - ------------------------------ Date: Wed, 25 Aug 1999 20:18:20 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] EFII At 02:15 PM 8/25/99 -0400, you wrote: >Johan, > >Are you calculating ADV(10) and ADV(30) using QP and some program or >scan? Or via a web site? Or some other method? QP scans are being emailed to you as I type. :) Johan === - - ------------------------------ Date: Wed, 25 Aug 1999 14:49:29 -0400 From: Craig Griffin Subject: Re: [CANSLIM] EFII Johan, Many, many thanks! Best Regards, Craig At 08:18 PM 8/25/99 +0200, you wrote: >At 02:15 PM 8/25/99 -0400, you wrote: > >Johan, > > > >Are you calculating ADV(10) and ADV(30) using QP and some program or > >scan? Or via a web site? Or some other method? > >QP scans are being emailed to you as I type. :) > > > >Johan === > > > >- - - ------------------------------ Date: Wed, 25 Aug 1999 15:08:14 -0400 From: Walter Stock Subject: Re: [CANSLIM] EFII Hi Dick, Ziggy, Johan, If you haven't done so already, pull up a two year chart on EFII, and what had looked like a LLUR stock turns into a massive "W". This stock was almost at these heights before (it had peaked at $57.88 back on Oct 22 '97). It has completed a major two year recovery from a one day $24 gap down on Dec 12 '97. Result is that a lot of overhead supply is now out of the way. I don't currently have a position in the stock, but that may change between now and closing. Am currently checking the technicals (OBV and MF are confirming). Walter Oakville, Ontario, Canada wroblewski@uswest.net wrote: > Dick, > > EFII has traded 711,700 shares with 2 1/4 hours to go...at > that pace, EFII will trade over 1 million today. > > Ziggy > > Dick Wilkinson wrote: > > > > > > > EFII broke out today, but the volume is > > anemic. I won't buy unless the volume reaches > > over one million. > > > > Dick Wilkinson > > > > > > > > > > > > - - - ------------------------------ Date: Wed, 25 Aug 1999 12:14:33 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] RFMD B/O ? Thanks! - -Bill - ----- Original Message ----- From: Earl Setser To: Sent: Wednesday, August 25, 1999 2:48 AM Subject: Re: [CANSLIM] RFMD B/O ? > RFMD was actually a buy a few months ago. For those who got in, it has > held pretty well, and the new move is just icing. Having said that, I > considered the short 4 week base as a possible entry this week also. I > ended up missing $44 and now it's up over 5% from my pivot point, so I'm > looking at others. This stock does seem to be strong lately, and I think > you have a good shot at a winner. Good luck. > - - ------------------------------ Date: Wed, 25 Aug 1999 12:17:30 -0700 From: "Bill Triffet" Subject: Re: [CANSLIM] RFMD B/O ? Apparently, Fidelity and Clearstation were both showing the previous days closing price. All is well now. - -Bill - ----- Original Message ----- From: Robert Gammon To: Sent: Tuesday, August 24, 1999 6:31 PM Subject: Re: [CANSLIM] RFMD B/O ? > Hmm, quote.com's livecharts shows the last trade at 16:02:47 > at 46 1/16 and my Datek acct shows last trade at 46 1/16, > and Brown&Co shows 46 1/16 and Merrill Lynch also > shows 46 1/16. Sometimes, a quote service messes up > stuff and the error shows up in many places. This is not > to say that there MAY well be after hours trading on Instinet > that reflects this lower price. There was duscussion at the > close on CNBC that some of the tech stocks that enjoyed the > runup during the day were seeing some after hours selling > pressure. I did not notice which stocks they were discussing, > it was all backgroung noise to what I was doing at the time. > After all, CNBC is in the entertainment business, not investor > education or investor information retrieval. > > Robert Gammon > > On Tue, 24 Aug 1999 18:18:13 -0700, Bill Triffet wrote: > > >Johan, > > > >I'm looking at the chart right now and...uh... Is this the new "after-hours" > >trading party taking my profits? Clearstation and quicken.com both show a > >last trade of 39 3/4 - after the close. Hmmm - - ------------------------------ Date: Wed, 25 Aug 1999 21:24:28 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] EFII Walter, Thx. Seems like my QPv2 data is VERY wrong. It shows a multi year LLUr and noting else. So I checked with Interquote historical data and Yahoo. And indeed they show what you described. Have already mailed QPv2 data correcting service. Anyone else with Quotes Plus who shows a LLUR (basically) and not what waltor (correctly IMHO) described? At 03:08 PM 8/25/99 -0400, you wrote: >Hi Dick, Ziggy, Johan, > >If you haven't done so already, pull up a two year chart >on EFII, and what had looked like a LLUR stock turns into >a massive "W". > >This stock was almost at these heights before >(it had peaked at $57.88 back on Oct 22 '97). >It has completed a major two year recovery >from a one day $24 gap down on Dec 12 '97. > >Result is that a lot of overhead supply is now out of >the way. I don't currently have a position in the stock, >but that may change between now and closing. >Am currently checking the technicals >(OBV and MF are confirming). > >Walter >Oakville, Ontario, Canada > > > >wroblewski@uswest.net wrote: > >> Dick, >> >> EFII has traded 711,700 shares with 2 1/4 hours to go...at >> that pace, EFII will trade over 1 million today. >> >> Ziggy >> >> Dick Wilkinson wrote: >> >> > >> > >> > EFII broke out today, but the volume is >> > anemic. I won't buy unless the volume reaches >> > over one million. >> > >> > Dick Wilkinson >> > >> > >> > >> > >> > >> >> - > > >- > > Johan === - - ------------------------------ Date: Wed, 25 Aug 1999 20:26:05 +0100 From: "Marc Laniado" Subject: [CANSLIM] Breakouts It's great to see cooperation return here - thanks for the news on EFII! SNPS was in large cup and handle over 8 months. Today, it broke its trendline tracing the peaks of the handle over the last 7 weeks on at least +50% volume ADIC was in a loose 7 week cup and handle and reached its former high today on normal volume - news broke of a new contract this pm. Worth keeping an eye on possibly. Best wishes, Marc - - ------------------------------ Date: Wed, 25 Aug 1999 15:35:46 -0400 From: Craig Griffin Subject: Re: [CANSLIM] EFII Johan, My QP2 chart is the same as yours. It shows the following splits: 12/12/1997 39 for 14.75 02/21/1997 2 for 1 12/01/1995 2 for 1 My guess is that the 12/12/1997 "split" is some kind of spin-off or other unusual event that is accounted for differently than in the other services. Craig At 09:24 PM 8/25/99 +0200, you wrote: >Walter, > >Thx. Seems like my QPv2 data is VERY wrong. It shows a multi year LLUr and >noting else. So I checked with Interquote historical data and Yahoo. And >indeed they show what you described. Have already mailed QPv2 data >correcting service. > >Anyone else with Quotes Plus who shows a LLUR (basically) and not what >waltor (correctly IMHO) described? > > >At 03:08 PM 8/25/99 -0400, you wrote: > >Hi Dick, Ziggy, Johan, > > > >If you haven't done so already, pull up a two year chart > >on EFII, and what had looked like a LLUR stock turns into > >a massive "W". > > > >This stock was almost at these heights before > >(it had peaked at $57.88 back on Oct 22 '97). > >It has completed a major two year recovery > >from a one day $24 gap down on Dec 12 '97. > > > >Result is that a lot of overhead supply is now out of > >the way. I don't currently have a position in the stock, > >but that may change between now and closing. > >Am currently checking the technicals > >(OBV and MF are confirming). > > > >Walter > >Oakville, Ontario, Canada > > > > > > > >wroblewski@uswest.net wrote: > > > >> Dick, > >> > >> EFII has traded 711,700 shares with 2 1/4 hours to go...at > >> that pace, EFII will trade over 1 million today. > >> > >> Ziggy > >> > >> Dick Wilkinson wrote: > >> > >> > > >> > > >> > EFII broke out today, but the volume is > >> > anemic. I won't buy unless the volume reaches > >> > over one million. > >> > > >> > Dick Wilkinson > >> > > >> > > >> > > >> > > >> > > >> > >> - > > > > > >- > > > > > >Johan === > > > >- - - ------------------------------ Date: Wed, 25 Aug 1999 21:41:14 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] EFII At 03:35 PM 8/25/99 -0400, you wrote: >Johan, > >My QP2 chart is the same as yours. It shows the following splits: >12/12/1997 39 for 14.75 >02/21/1997 2 for 1 >12/01/1995 2 for 1 > >My guess is that the 12/12/1997 "split" is some kind of spin-off or other >unusual event that is accounted for differently than in the other services. > >Craig Thank you, Craig. You are right. I'll make a habit of looking at the split data. Never heard about something like the 12/12/1997 39 for 14.75 split before. Glad I learned something new. Johan === - - ------------------------------ Date: Wed, 25 Aug 1999 15:45:01 -0400 From: "Russell, Ron" Subject: RE: [CANSLIM] EFII A five-year weekly chart on Big Charts clearly shows the huge "W" Walter referred to. Ron -----Original Message----- From: Johan Van Houtven [mailto:click@ping.be] Sent: Wednesday, August 25, 1999 3:41 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] EFII At 03:35 PM 8/25/99 -0400, you wrote: >Johan, > >My QP2 chart is the same as yours. It shows the following splits: >12/12/1997 39 for 14.75 >02/21/1997 2 for 1 >12/01/1995 2 for 1 > >My guess is that the 12/12/1997 "split" is some kind of spin-off or other >unusual event that is accounted for differently than in the other services. > >Craig Thank you, Craig. You are right. I'll make a habit of looking at the split data. Never heard about something like the 12/12/1997 39 for 14.75 split before. Glad I learned something new. Johan === - - - ------------------------------ Date: Wed, 25 Aug 1999 12:49:20 -0700 (PDT) From: Dick Wilkinson Subject: Re: [CANSLIM] EMLX Craig, I see what you describe. A six week cup with a 5 day handle. And the volume was the highest since May! Dick Wilkinson - --- Craig Griffin wrote: > Dick, > > My read is that it had a 5 week base beginning on > 07/19. Pivot point is > 119 or thereabouts. (Draw a line at 119 from 07/19 > till yesterday and you > will see that 99% of the action is below this > point). If you want to be > strict, you could use 124 as the pivot. I see the > pattern as roughly a cup > with handle (many cups do not have a perfect shape). > Cup is about 35% > deep, handle droops down about 12%. The cup ends on > 08/17 and the handle > continues until 08/23. Breakout is yesterday > (08/24). Yahoo shows average > volume as 174,000. (Not sure about DG/IBD, they are > usually a bit higher > due to different calculation.) But volume yesterday > at 541,000 is more > than enough. Pivot of 119 and 124 were both > exceeded. Today is > follow-through type of action. Assuming pivot of > 119, buying range is 119 > to 131 (119 + 10% = 119 * 1.10 = 131). > > Best Regards, > Craig > __________________________________________________ Do You Yahoo!? Bid and sell for free at http://auctions.yahoo.com - - ------------------------------ Date: Wed, 25 Aug 1999 15:54:03 -0400 From: Walter Stock Subject: Re: [CANSLIM] EFII Hi Craig and Johan, No stock split in Dec '97. I use AIQ with a MyTrack datafeed, and I double checked the data. Yahoo and Bigcharts also confirm. The following excerpt from theStreet.com explains what happened: "Outside of a few minor '98 sales, company insiders have been quiet for the past year and a half. The last round of meaningful insider selling occurred in '97, when the shares traded at all-time highs. The company subsequently warned that losses would far exceed Wall Street expectations, sending the shares tumbling some 60%. " Hope this helps, Walter, Oakville, Ontario, Canada Craig Griffin wrote: > Johan, > > My QP2 chart is the same as yours. It shows the following splits: > 12/12/1997 39 for 14.75 > 02/21/1997 2 for 1 > 12/01/1995 2 for 1 > > My guess is that the 12/12/1997 "split" is some kind of spin-off or other > unusual event that is accounted for differently than in the other services. > > Craig > > At 09:24 PM 8/25/99 +0200, you wrote: > >Walter, > > > >Thx. Seems like my QPv2 data is VERY wrong. It shows a multi year LLUr and > >noting else. So I checked with Interquote historical data and Yahoo. And > >indeed they show what you described. Have already mailed QPv2 data > >correcting service. > > > >Anyone else with Quotes Plus who shows a LLUR (basically) and not what > >waltor (correctly IMHO) described? > > > > > >At 03:08 PM 8/25/99 -0400, you wrote: > > >Hi Dick, Ziggy, Johan, > > > > > >If you haven't done so already, pull up a two year chart > > >on EFII, and what had looked like a LLUR stock turns into > > >a massive "W". > > > > > >This stock was almost at these heights before > > >(it had peaked at $57.88 back on Oct 22 '97). > > >It has completed a major two year recovery > > >from a one day $24 gap down on Dec 12 '97. > > > > > >Result is that a lot of overhead supply is now out of > > >the way. I don't currently have a position in the stock, > > >but that may change between now and closing. > > >Am currently checking the technicals > > >(OBV and MF are confirming). > > > > > >Walter > > >Oakville, Ontario, Canada > > > > > > > > > > > >wroblewski@uswest.net wrote: > > > > > >> Dick, > > >> > > >> EFII has traded 711,700 shares with 2 1/4 hours to go...at > > >> that pace, EFII will trade over 1 million today. > > >> > > >> Ziggy > > >> > > >> Dick Wilkinson wrote: > > >> > > >> > > > >> > > > >> > EFII broke out today, but the volume is > > >> > anemic. I won't buy unless the volume reaches > > >> > over one million. > > >> > > > >> > Dick Wilkinson > > >> > > > >> > > > >> > > > >> > > > >> > > > >> > > >> - > > > > > > > > >- > > > > > > > > > >Johan === > > > > > > > >- > > - - - ------------------------------ End of canslim-digest V2 #685 ***************************** 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.