From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #712 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 Friday, October 1 1999 Volume 02 : Number 712 In this issue: [CANSLIM] CAMP breakout Re: [CANSLIM] CAMP breakout [CANSLIM] DELL: Beautiful Shakeout. And CAMP. [Connie Mack] Re: [CANSLIM] CAMP breakout Re: [CANSLIM] CAMP breakout [CANSLIM] Market Re: [CANSLIM] Market [CANSLIM] Changing your canslim subscription Re: [CANSLIM] DELL: Beautiful Shakeout. And CAMP. [Connie Mack] Re: [CANSLIM] DELL: Beautiful Shakeout. And CAMP. [Connie Mack] Re: [CANSLIM] DELL: Beautiful Shakeout. And CAMP. [Connie Mack] [CANSLIM] Johan: Doubling Down [Connie Mack] ---------------------------------------------------------------------- Date: Thu, 30 Sep 1999 13:05:35 -0400 From: inderjit singh Subject: [CANSLIM] CAMP breakout I am ready for the criticism. The opinion are my own so please correct and make any suggestions. California Amplifier CAMP seems to be breaking out today. RS 99, EPS rank 77, funds about 10%, management about 10%. Inderjit - - ------------------------------ Date: Thu, 30 Sep 1999 20:39:21 +0200 From: Johan Van Houtven Subject: Re: [CANSLIM] CAMP breakout What kind of price/volume structure do you see that would have you think this is a breakout? A cup-and-handle, flat base, saucer, double bottom? At 01:05 PM 9/30/99 -0400, you wrote: >I am ready for the criticism. The opinion are my own so please correct and >make any suggestions. > >California Amplifier CAMP seems to be breaking out today. RS 99, EPS rank >77, funds about 10%, management about 10%. > >Inderjit > >- > > Johan === - - ------------------------------ Date: Thu, 30 Sep 1999 16:38:15 -0400 From: Connie Mack Rea Subject: [CANSLIM] DELL: Beautiful Shakeout. And CAMP. [Connie Mack] Congratulations, Inderjit. A beautiful catch on CAMP. In DELL there was a beautiful trader's shakeout at 3:00. Price went from 43.5 to 41.75 in less than an hour. Volume+ indicates a drying up of volume through the close. The price must hold at 42 for the shakeout to be relevant. There is little resistance between 42 and 44. With no more than a bit of buying, price can rise tomorrow to today's high. There is resistance at 44 or so. Notice how clear and profitable the 3/7/10 EMA gave its signals today. A trader couldn't ask for more. I am carrying over a sizeable position at 42. In after hours' trading, DELL has sold some at 42.5. Connie Mack - - ------------------------------ Date: Thu, 30 Sep 1999 19:28:56 -0700 From: Earl Setser Subject: Re: [CANSLIM] CAMP breakout Here are a few comments from a strict CANSLIM viewpoint, and then you make the call. 1 - a quick look at the chart shows that CAMP may be reversing its downtrend, but is certainly NOT breaking out from a CANSLIM perspective. You should be looking for a new 52 week high, or an increase above the handle. I don't see a handle on this one, and it's certainly not at or new a new high. 2 - a quick look at IBD shows a 77 EPS (below the standard 80), and an SPR rating of D (you want A or B). I would be concerned particularly about the SPR. 3 - the price puts it below the general range WON recommends as far as stock price. I think he recommends $15 or more (top of my head). I don't follow this one strictly myself. 4 - A look at the earnings at reesegroup.com shows the company has lost money the last two years, certainly not a CANSLIM characteristic. It also has an ROE of 5% while WON recommends at leasat 17%. These two would kill it for me. At 01:05 PM 9/30/99 -0400, you wrote: >I am ready for the criticism. The opinion are my own so please correct and >make any suggestions. > >California Amplifier CAMP seems to be breaking out today. RS 99, EPS rank >77, funds about 10%, management about 10%. > >Inderjit > >- > > > - - ------------------------------ Date: Thu, 30 Sep 1999 22:19:51 -0400 From: inderjit singh Subject: Re: [CANSLIM] CAMP breakout Thanks Johan, Connie, Tom and Earl for the wonderful evaluation of this security. I am already in and hope to see this trend to continue. I do appreciate your guidance and if this fits the criteria WON will consider buying and holding it. I wish you a nice trading Friday. Inderjit Johan Van Houtven wrote: > What kind of price/volume structure do you see that would have you think > this is a breakout? Subject: And CAMP. [Connie Mack] Thu, 30 Sep 1999 16:38:15 -0400 Pbatenghyngvbaf, Vaqrewvg. N ornhgvshy pngpu ba PNZC. Pbaavr Znpx Re: [CANSLIM] CAMP breakout Thu, 30 Sep 1999 20:06:18 -0400 From: "Tom Worley" Nyfb ybbxvat ng gur ehahc erpragyl, V abgvpr gung gur guerr qnlf cerprqvat gur funec pbeerpgvba ba 9/10 pbhyq rnfvyl or qrfpevorq nf "ibyhzr oybjbss" qnlf, nyregvat nfghgr vairfgbef gb xrrc n unve gevttre ba gurve fryy beqref. Guhf, gur ynpx bs erny ibyhzr sbe gur cnfg jrrx znl fhttrfg znal fvqryvar jngpuref whfg jnvgvat sbe na rkphfr gb whzc onpx va, cbffvoyl nppbhagvat sbe gbqnl'f urnil ibyhzr. Ohg vs gurer ner abg frireny fgebat sbyybj gueh qnlf, gurl znl or whfg nf dhvpx gb whzc onpx bhg. Re: [CANSLIM] CAMP breakout Thu, 30 Sep 1999 19:28:56 -0700 From: Earl Setser Reply-To: canslim@lists.xmission.com To: canslim@lists.xmission.com Urer ner n srj pbzzragf sebz n fgevpg PNAFYVZ ivrjcbvag, naq gura lbh znxr gur pnyy. 1 - n dhvpx ybbx ng gur puneg fubjf gung PNZC znl or erirefvat vgf qbjageraq, ohg vf pregnvayl ABG oernxvat bhg sebz n PNAFYVZ crefcrpgvir. Lbh fubhyq or ybbxvat sbe n arj 52 jrrx uvtu, be na vapernfr nobir gur unaqyr. V qba'g frr n unaqyr ba guvf bar, naq vg'f pregnvayl abg ng be arj n arj uvtu. 2 - n dhvpx ybbx ng VOQ fubjf n 77 RCF (orybj gur fgnaqneq 80), naq na FCE engvat bs Q (lbh jnag N be O). V jbhyq or pbaprearq cnegvphyneyl nobhg gur FCE. 3 - gur cevpr chgf vg orybj gur trareny enatr JBA erpbzzraqf nf sne nf fgbpx cevpr. V guvax ur erpbzzraqf $15 be zber (gbc bs zl urnq). V qba'g sbyybj guvf bar fgevpgyl zlfrys. 4 - N ybbx ng gur rneavatf ng errfrtebhc.pbz fubjf gur pbzcnal unf ybfg zbarl gur ynfg gjb lrnef, pregnvayl abg n PNAFYVZ punenpgrevfgvp. Vg nyfb unf na EBR bs 5% juvyr JBA erpbzzraqf ng yrnfng 17%. Gurfr gjb jbhyq xvyy vg sbe zr. - - ------------------------------ Date: Fri, 1 Oct 1999 06:25:03 +0100 From: "Marc Laniado" Subject: [CANSLIM] Market First day of increase on big volume - hopefully, we'll see another. Are people still buying? Marc - - ------------------------------ Date: Fri, 01 Oct 1999 10:23:41 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] Market Marc, Thursday the 30th of September was also the last day of the month and of the quarter. Some fund managers get paid bonuses based on monthly/quarterly performance. So one can expect them to prop the stocks they own up on a day like this. So there *could* have been some end-of-month/quarter buying. Just wanted to 'balance' the enthousiasm a bit. }B^) At 06:25 AM 01/10/99 +0100, you wrote: >First day of increase on big volume - hopefully, we'll see another. >Are people still buying? >Marc - -- Johan - - ------------------------------ Date: Fri, 1 Oct 1999 08:18:22 -0600 (MDT) From: owner-canslim@xmission.com (Jeff Salisbury) Subject: [CANSLIM] Changing your canslim subscription This is a twice monthly posting to the CANLSLIM group. Frequently, people sign up for the canslim list and then are overwhelmed by the volume of the email. There are three remedies for this problem: 1) You can leave our group. 2) you can switch to the digest version which "conglomerates" many canslim messages into one large message. Or, 3) You can setup customized filters on your own mail client to sort the incoming canslim messages to its own folder. If you wish to modify your canslim subscription, email a message to: majordomo@xmission.com The remove yourself from the canslim list, write in the body of the email: unsubscribe canslim To add yourself to the digest version of the canslim list, write in the body of the email: subscribe canslim-digest For general help with majordomo commands, write in the body of the email: help If you need further clarification, write me directly at: canslim-owner@lists.xmission.com Best Regards, Jeff Salisbury - CANSLIM list admin / owner - - ------------------------------ Date: Fri, 01 Oct 1999 16:16:26 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] DELL: Beautiful Shakeout. And CAMP. [Connie Mack] >In DELL there was a beautiful trader's shakeout at 3:00. Price went from >43.5 to 41.75 in less than an hour. Seems like they are still shaking the DELL shareholders tree this morning, Connie: A ride between 41 en 39 13/16 in less than 30 minutes near the open today. Another way to look at this, is: DELL broke short term support at 42.5 and is now embracing the 200 SMA. The trendline break on 09/23 was a warning shot in my humle opinion. Please feel free to make notes about my English. I see it as an excellent opportunity for me to learn the English language a little bit better. - -- Johan - - ------------------------------ Date: Fri, 01 Oct 1999 11:18:00 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] DELL: Beautiful Shakeout. And CAMP. [Connie Mack] Morning Johan-- Fear not about your English. It is much better than my German. Think you're right about the 42.5 interpretation. However, day traders can make money going long in a down trend. A big house downgraded DELL this morning because of the damage to chip makers in Taiwan. The result is that I am down several thousand. It is at this point that I must decide what to do. First, I put several hundred shares in my IRA non-trading account at 40. I don't believe that the Taiwan problem is long term. Second, I will break a rule that says never to double down on a loss. I understand the reasoning behind the rule, but the rule is not absolute. I have already bought 1/4 of my doubling down at 40. I will watch closely the action of the 3/7/10, MACD, and the Volume+. I expect to make further buys between 39.5 and 40.25. If DELL should rise a point, I should be just a little bit either side of break even. If DELL should break down still further, I will have to consider doing some shorting or just taking a hit. The context today is that context when it is too late to purchase experience. Probably the most important thing that experience brings is the willingness to make decisions. Just to sit and wait is a decision, but if sitting and waiting is the result of indecision then you're snorting the white powder of luck and a wishing for a Star in the East. That I may take a hit is no reason to lose perspective. Every trader takes several hits. If a hit, or the prospect of a hit, causes your stomach to churn today and causes you to lose sleep tonight, then you need to do whatever it is that settles the stomach and returns the sleep. DELL is presently 40.25. I'll wait another 30 minutes if all goes well--that is, well as can be expected--and consider buying another 1/4 of my double down. It is now time for the exercise of an absolute axiom: Money talks and BS walks. Thanks for the mail, Johan. Connie Johan Van Houtven wrote: > >In DELL there was a beautiful trader's shakeout at 3:00. Price went from > >43.5 to 41.75 in less than an hour. > > Seems like they are still shaking the DELL shareholders tree this morning, > Connie: > A ride between 41 en 39 13/16 in less than 30 minutes near the open today. > > Another way to look at this, is: DELL broke short term support at 42.5 and > is now embracing the 200 SMA. The trendline break on 09/23 was a warning > shot in my humle opinion. > > Please feel free to make notes about my English. I see it as an excellent > opportunity for me to learn the English language a little bit better. > > -- Johan > > - - - ------------------------------ Date: Fri, 1 Oct 1999 12:32:50 -0400 (EDT) From: "Surindra J. Singh" Subject: Re: [CANSLIM] DELL: Beautiful Shakeout. And CAMP. [Connie Mack] Well, the shakeout is beautiful...... Taiwan Problem should not be the reason, as MU is in the same boat as DELL, but skyrocketing today. Regards Surindra On Fri, 1 Oct 1999, Connie Mack Rea wrote: > Morning Johan-- > > Fear not about your English. It is much better than my German. > > Think you're right about the 42.5 interpretation. However, day traders can > make money going long in a down trend. > > A big house downgraded DELL this morning because of the damage to chip makers > in Taiwan. The result is that I am down several thousand. It is at this > point that I must decide what to do. > > First, I put several hundred shares in my IRA non-trading account at 40. I > don't believe that the Taiwan problem is long term. > > Second, I will break a rule that says never to double down on a loss. I > understand the reasoning behind the rule, but the rule is not absolute. I > have already bought 1/4 of my doubling down at 40. I will watch closely the > action of the 3/7/10, MACD, and the Volume+. I expect to make further buys > between 39.5 and 40.25. > > If DELL should rise a point, I should be just a little bit either side of > break even. If DELL should break down still further, I will have to consider > doing some shorting or just taking a hit. > > The context today is that context when it is too late to purchase experience. > Probably the most important thing that experience brings is the willingness to > make decisions. Just to sit and wait is a decision, but if sitting and > waiting is the result of indecision then you're snorting the white powder of > luck and a wishing for a Star in the East. > > That I may take a hit is no reason to lose perspective. Every trader takes > several hits. If a hit, or the prospect of a hit, causes your stomach to > churn today and causes you to lose sleep tonight, then you need to do whatever > it is that settles the stomach and returns the sleep. > > DELL is presently 40.25. I'll wait another 30 minutes if all goes well--that > is, well as can be expected--and consider buying another 1/4 of my double > down. > > It is now time for the exercise of an absolute axiom: Money talks and BS > walks. > > Thanks for the mail, Johan. > > Connie > > > > > > > Johan Van Houtven wrote: > > > >In DELL there was a beautiful trader's shakeout at 3:00. Price went from > > >43.5 to 41.75 in less than an hour. > > > > Seems like they are still shaking the DELL shareholders tree this morning, > > Connie: > > A ride between 41 en 39 13/16 in less than 30 minutes near the open today. > > > > Another way to look at this, is: DELL broke short term support at 42.5 and > > is now embracing the 200 SMA. The trendline break on 09/23 was a warning > > shot in my humle opinion. > > > > Please feel free to make notes about my English. I see it as an excellent > > opportunity for me to learn the English language a little bit better. > > > > -- Johan > > > > - > > > - > > - - ------------------------------ Date: Fri, 01 Oct 1999 13:18:00 -0400 From: Connie Mack Rea Subject: [CANSLIM] Johan: Doubling Down [Connie Mack] Now we're rolling, Johan. The doubling down has recouped all the losses and is now a profitable position beyond 41.25. Connie - - ------------------------------ End of canslim-digest V2 #712 ***************************** 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.