From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #804 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, January 24 2000 Volume 02 : Number 804 In this issue: [CANSLIM] Study of Russell2K Re: [CANSLIM] Study of Russell2K Re: [CANSLIM] Graphs Re: [CANSLIM] "It is starting to annoy me" Re: [CANSLIM] Russell2K Re: [CANSLIM] "It is starting to annoy me" Re: [CANSLIM] Russell2K Contributions to the list (was Re: [CANSLIM] Russell2K) Re: [CANSLIM] Russell2K Re: Contributions to the list (was Re: [CANSLIM] Russell2K) [CANSLIM] Re: lunkers onllist Re: [CANSLIM] Graphs Re: [CANSLIM] Study of Russell2K Re: [CANSLIM] "It is starting to annoy me" Re: [CANSLIM] "It is starting to annoy me" Re: Contributions to the list (was Re: [CANSLIM] Russell2K) [CANSLIM] BIGT Re: [CANSLIM] Study of Russell2K ---------------------------------------------------------------------- Date: Sun, 23 Jan 2000 15:01:00 +0100 From: Johan Van Houtven Subject: [CANSLIM] Study of Russell2K I wanted to study the R2K. First I need a list of Russell 2000 index component stocks. A search on http://www.metacrawler.com did not deliver the goodies. The ONLY place I found a list was at http://www.russell.com. They have a PFD file with a list of the r2K component stocks dated 30 JUNE 1999. First problem was converting that PDF file to a format that is readable by a charting program, such as ASCII. I managed to do that via cut-n-copy of whole text in the PDF file. Then paste into text editor. Then I manually removed all the page headers etc. After that I imported the text file into Excel in such a way that the first column contained only the stock symbols. Then I cut and pasted this stock sysmbol list into QuotesPlus v2.1, a charting and scanning program. I started to browse through the stock symbols and quickly found out that there were MANY stocks symbols that were not valid anymore. Removing them manually was to daunting task. So I put them into a scan that produced a list of valid symbols. Can you believe that from the initial 2000 symbols only 1802 remained? So much from providing the public with up-to-date information. Therefor the problem remains: Were can I find a complete, up-to-date list of the Russell 2000 index component stocks? Anyhow here are the first 100 R2K co's with the highest QRS (relative strenght per Quotes Plus v2.1). As you will see, most are biotech and tech-related. Symbol IRLsymbol ELON COMPLAN ENZ MEDBIOGN INCY MEDBIOGN CRA MEDBIOGN IDC TELEQUIP MRVC COMPLAN TRAC FINIMGT RRRR INTSVCS AZPN COMPENTR MANU COMPENTR GBIX COMPSERV KOPN ELECMISC VLNC ELECMISC OAK ELECPROD MSGI FINBUSVC OCLI INSTRSCI ABGX MEDBIOGN ELOT TELEQUIP MCOM TELEQUIP SONE INTRETL NETO INTSOFT VERT INTSVCS LWIN TELESVC NOPT TELESVC BVSN COMPENTR EXAP COMPENTR MSTR COMPENTR TTN ELECMILT EMKR ELECSEQP MVSN PROTSFTY ADAP TELEQUIP GEMS TELEQUIP IATV COMPFUN ANCR COMPLAN EMLX COMPLAN NPIX COMPLAN MTIC COMPMEM OMKT INTNTWK CPTL TELESVC RADS COMPENTR SILI ELECSEMI IVGN MEDBIOGN MLNM MEDBIOGN ASPT TELEQUIP IPI TELEQUIP SNDK COMPMEM ITRA INTSOFT CAIS INTSVCS ITVU INTSVCS FDHG RTLMISC ASDV COMPENTR INTS COMPENTR PROX ELECPROD CREE ELECSEMI TQNT ELECSEMI LTXX ELECSEQP HGSI MEDBIOGN IDPH MEDBIOGN IMCL MEDBIOGN PDLI MEDBIOGN AFFX MEDINSTR DSPG TELEQUIP TERN TELEQUIP CCUR COMPMFG SPYG INTNTWK CPRK TELESVC ACTU COMPENTR MUSE COMPENTR TSFW COMPENTR HNCS COMPSECU TSCC COMPSERV ANAD ELECSEMI ASYT ELECSEQP BRKS ELECSEQP DTPI FINBUSVC PRST MACHGNRL CELG MEDBIOGN CEPH MEDBIOGN CRXA MEDBIOGN CLPA MEDDRUGS KING MEDDRUGS PGTV MEDRADTV AERL TELECELL OMPT TELECELL DMIC TELEQUIP HLIT TELEQUIP INTV TELEQUIP BWT LASERS COHR LASERS ADIC COMPMEM CNCX INTNTWK GNET INTSVCS CLFY COMPENTR DSTM COMPENTR EXCA COMPENTR SAWS ELECMISC EXAR ELECSEMI COHU ELECSEQP - -- Johan - - ------------------------------ Date: Sun, 23 Jan 2000 16:26:21 -0500 From: "Rich Ralph" Subject: Re: [CANSLIM] Study of Russell2K Johan, This is a good test of the QP2 beta. I'll give it a whirl, and send you the file. If it's what you want, you can u/l it to the CANSLIM ftp. All the best, Richard Ralph - ----- Original Message ----- From: "Johan Van Houtven" To: Sent: Sunday, January 23, 2000 9:01 AM Subject: [CANSLIM] Study of Russell2K > I wanted to study the R2K. > > First I need a list of Russell 2000 index component stocks. > > A search on http://www.metacrawler.com did not deliver the goodies. > > The ONLY place I found a list was at http://www.russell.com. They have a > PFD file with a list of the r2K component stocks dated 30 JUNE 1999. > > First problem was converting that PDF file to a format that is readable by > a charting program, such as ASCII. I managed to do that via cut-n-copy of > whole text in the PDF file. Then paste into text editor. > > Then I manually removed all the page headers etc. After that I imported the > text file into Excel in such a way that the first column contained only the > stock symbols. Then I cut and pasted this stock sysmbol list into > QuotesPlus v2.1, a charting and scanning program. > > I started to browse through the stock symbols and quickly found out that > there were MANY stocks symbols that were not valid anymore. Removing them > manually was to daunting task. > > So I put them into a scan that produced a list of valid symbols. Can you > believe that from the initial 2000 symbols only 1802 remained? So much from > providing the public with up-to-date information. > > Therefor the problem remains: Were can I find a complete, up-to-date list > of the Russell 2000 index component stocks? > > Anyhow here are the first 100 R2K co's with the highest QRS (relative > strenght per Quotes Plus v2.1). As you will see, most are biotech and > tech-related. > > Symbol IRLsymbol > ELON COMPLAN > ENZ MEDBIOGN > INCY MEDBIOGN > CRA MEDBIOGN > IDC TELEQUIP > MRVC COMPLAN > TRAC FINIMGT > RRRR INTSVCS > AZPN COMPENTR > MANU COMPENTR > GBIX COMPSERV > KOPN ELECMISC > VLNC ELECMISC > OAK ELECPROD > MSGI FINBUSVC > OCLI INSTRSCI > ABGX MEDBIOGN > ELOT TELEQUIP > MCOM TELEQUIP > SONE INTRETL > NETO INTSOFT > VERT INTSVCS > LWIN TELESVC > NOPT TELESVC > BVSN COMPENTR > EXAP COMPENTR > MSTR COMPENTR > TTN ELECMILT > EMKR ELECSEQP > MVSN PROTSFTY > ADAP TELEQUIP > GEMS TELEQUIP > IATV COMPFUN > ANCR COMPLAN > EMLX COMPLAN > NPIX COMPLAN > MTIC COMPMEM > OMKT INTNTWK > CPTL TELESVC > RADS COMPENTR > SILI ELECSEMI > IVGN MEDBIOGN > MLNM MEDBIOGN > ASPT TELEQUIP > IPI TELEQUIP > SNDK COMPMEM > ITRA INTSOFT > CAIS INTSVCS > ITVU INTSVCS > FDHG RTLMISC > ASDV COMPENTR > INTS COMPENTR > PROX ELECPROD > CREE ELECSEMI > TQNT ELECSEMI > LTXX ELECSEQP > HGSI MEDBIOGN > IDPH MEDBIOGN > IMCL MEDBIOGN > PDLI MEDBIOGN > AFFX MEDINSTR > DSPG TELEQUIP > TERN TELEQUIP > CCUR COMPMFG > SPYG INTNTWK > CPRK TELESVC > ACTU COMPENTR > MUSE COMPENTR > TSFW COMPENTR > HNCS COMPSECU > TSCC COMPSERV > ANAD ELECSEMI > ASYT ELECSEQP > BRKS ELECSEQP > DTPI FINBUSVC > PRST MACHGNRL > CELG MEDBIOGN > CEPH MEDBIOGN > CRXA MEDBIOGN > CLPA MEDDRUGS > KING MEDDRUGS > PGTV MEDRADTV > AERL TELECELL > OMPT TELECELL > DMIC TELEQUIP > HLIT TELEQUIP > INTV TELEQUIP > BWT LASERS > COHR LASERS > ADIC COMPMEM > CNCX INTNTWK > GNET INTSVCS > CLFY COMPENTR > DSTM COMPENTR > EXCA COMPENTR > SAWS ELECMISC > EXAR ELECSEMI > COHU ELECSEQP > > > -- Johan > > > > - > > - - ------------------------------ Date: Sun, 23 Jan 2000 16:46:05 -0500 From: Craig Griffin Subject: Re: [CANSLIM] Graphs At 12:20 PM 1/23/00 -0800, you wrote: >I'm new to CANSLIM, but can see some great benefts in it. > >Is it better to read daily or weekly graphs to determine bases and the >pivot point? Daily to determine the pivot. Although the weekly view is frequently a help. I like using Quotes Plus v2 (http://www.qp2.com/) for charting because it is easy to shift back and forth from daily to weekly views. >Is it better to read normal or logarithmic graphs to determine bases and >the pivot point? Logarithmic (IMO) will help you to instantly spot the depth of the base on the chart. Sometimes a chart is such that the base depth is not readily apparent and neither is the height of the prior advance. Log charts at say 15% give you a quick view of whether a base is 50% deep or 20% (generally, tighter is better). Quotes Plus v2 also allows easy switching between log charts of various percentages, including an "autolog" format that chooses the best log percent to fit the chart to the screen. (I have no affiliation with QP other than as a user of their product - about $20/month for all 10,000 US stock charts except Bulletin Board penny stocks - downloaded daily from the internet.) >When determining a breakout price less than 5% above the base, is this >based on differences in daily or weekly closes? The pivot point is at the top of the base or at the top of the handle (which may be slightly below the top of the base). The 5% buying range is from the pivot point up to +5% past the pivot point. For example, if pivot is $52, then the buying range is 52 1/8 to 54 5/8. >- - - ------------------------------ Date: Sun, 23 Jan 2000 17:30:00 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] "It is starting to annoy me" Johan wrote >>>I really wonder if the 600+ members who do not post (often) really have nothing to offer? Or maybe that some do, but keep the goodies to themselves? It is starting to annoy me.>>> Love your posts Johan.. I would gladly post my goodies except for the fact that I'm still in 8 or so stocks from about 1 1/2 to 3 years ago. I enjoy reading to posts from the group but think that sticking to the Canslim rules churns your account way to much. I am also afraid my picks wouldn't qualify as Canslim companies. I am very particular as to my entry points, trying my best to buy at end of corrections, or at the bottom of the channel in an up trend (reviewed on weekly charts), while taking into account the COMPQX chart. I have several other "little rules" that I follow, some of which are Canslim in principal but adjusted to my own way of thinking for protecting capital and profits, while leaning more to the technical side. I follow news on Yahoo, and "The Street". I use TC2000 for my charting. I currently own AMZN, ATHM, BRCM, CIEN, LLTC, LCOS, STMP, VERT, YHOO, NOK, CBLT. I looked back in my account one year and found that I sold 200 LCOS, 200 ATHM, and 100 YHOO to rebalance a bit and raise cash for a few new "goodies".. No other sales in the past year. I have owned these all at least a year, some almost three years except for VERT, CBLT, STMP those I added around mid Oct to first of Nov. 1999. Currently watching MESG, EXDS, ICGE, IONN, but will probably do nothing with any of those until after the next correction, if at all. Hi !! to all of you that I have spoken with in the past, and I continue to enjoy the group very much. (back to lurking) later gang, "Don't know a thing Joe" - - ------------------------------ Date: Sun, 23 Jan 2000 18:05:56 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Russell2K Hi Johan, From casual and very unscientific subjective observation, I believe that the small caps tend to perform better when the ADV is consistently over 400M shares a day. Lately it has been hitting 500M. This isn't always the case, reflects current mkt conditions where investors want to be able to move in and out of large holdings quickly. The Russell indexes are not regularly updated. It is an annual process, and the site you used would be the authoritative one. I suspect the 1802 symbols you ended up with is quite accurate and current. The "missing" 198 symbols are undoubtedly due to mergers and acquisitions. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ----- Original Message ----- From: Johan Van Houtven To: Sent: Sunday, January 23, 2000 8:47 AM Subject: Re: [CANSLIM] Russell2K Tom, >You should know me well >enough to realize if I had anything insightful to offer, >it'd be posted already. To bad you are one of the very few who do post anything you have to offer. I really wonder if the 600+ members who do not post (often) really have nothing to offer? Or maybe that some do, but keep the goodies to themselves? It is starting to annoy me. Are there any people out there who do original research? Anyone would would like to exchange such information, maybe via email? >Currently, the small caps are enjoying greater liquidity, What do you mean with "enjoying greater liquidity"? How can I determine they are enjoying greater liquitidy? >and I suspect that has had a lot to do with the recent >stellar performance. But any correction will likely lead to >a loss of liquidity, and selling pressure will be >exaggerated. You mean that the lower the ADV of a stock the more dramatic the potential downside risk of that stock during a correction? That is something I would agree with. Or did you mean something else. I am going to study the R2K. Anything you would like to know? - -- Johan - - - - ------------------------------ Date: Sun, 23 Jan 2000 16:11:07 -0800 From: "Bill Triffet" Subject: Re: [CANSLIM] "It is starting to annoy me" Johan, Perhaps it's that many folks got in on the now famous October b/o and have just been riding the wave? I for one, made the mistake of going back to cash just before New Years. I initially felt good about my gains -ETEK, TTIL,SYMC, VARL. Now I'm in the position of sifting through the Friday IBD Weekend Review charts I fondly call, "stocks I should already own". Most appear - to me anyways - to be extended or the short base with the breakouts are all midday buy points that I missed. SEBL, TTIL look promising though. I should add that I traditionally have the most time to go through this stuff on the weekends. In this market that has SEVERELY reduced my chances of catching breakouts. Since changing jobs to a firm that has no Internet access I have run aground so to speak. I recently bought RFMD, CAMP, and CVG. I don't like to talk about the fact that CAMP was past the %5 pivot but that's the path I chose. RFMD @ 76.38 caught on pullback. CVG @ 30.8 ditto. CAMP @ 33.5 bought extended ( I may lose this one due to that). I'm looking at SEBL maybe to buy Monday. Maybe TTIL if it pulls back. Bottom line: I'm a newbie here and very self conscious about my buy points. A few of you folks here have a knack for catching the nice intraday b/o's and I envy you! (g) As posted in a previous thread I'm looking into a paging service to correct this. - -Bill Triffet > Johan wrote > > >>>I really wonder if the 600+ members who do not post (often) really > have > nothing to offer? Or maybe that some do, but keep the goodies to > themselves? > > It is starting to annoy me.>>> > - - ------------------------------ Date: Mon, 24 Jan 2000 00:32:55 +0000 (GMT) From: musicant@pacbell.net (Dan Musicant) Subject: Re: [CANSLIM] Russell2K On Sat, 22 Jan 2000 07:05:30 -0600, you wrote: :Johan Van Houtven wrote: :>=20 :> For years I've read complaints about the underperformance of the !RUT = here :> on the list. :>=20 :> Now that the !RUT is leading the way I don't read anything from the = small :> cap lovers here. : : :Too busy searching for good small cap stocks to post much on it!!! : :Dave I think IBD on Friday (or Thursday?) in the Big Picture made note of the participation of the small caps in the current market. The small caps have outperformed the market to some degree since around April, I believe. I have noticed that they have SIGNIFICANTLY outperformed the indexes on all but one or two days in the last 5 trading sessions or so. That, in and of itself, is not major, but it obviously merits a raised eyebrow. I scanned the small cap watch list I compiled almost two years ago and easily 75% of those stocks were not near their 52 week high. Maybe 2 or 3 were. I would like to see a list from anyone. I suppose you could work one up by mining IBD, if you get it. BTW, we ARE in January, and the famed January Effect pertains to small caps (I believe), so the activity of the last week might be a self-fulfilling prophecy in some degree, eh? Dan - - ------------------------------ Date: Sun, 23 Jan 2000 20:34:54 -0600 (CST) From: Pritish M Shah Subject: Contributions to the list (was Re: [CANSLIM] Russell2K) On Sun, 23 Jan 2000, Johan Van Houtven wrote: > To bad you are one of the very few who do post anything you have to offer. I do agree Tom Worley does do a great job of informing the masses. > > I really wonder if the 600+ members who do not post (often) really have > nothing to offer? Or maybe that some do, but keep the goodies to themselves? > I may be out of line when I say this but I am awed by the knowledge that people here (including you) have to offer. I just do not have enough knowledge to post anything of value. When it does show up, I definately will share that. My current best pick is ADIC (stock) TCFQX, TVFQX (70% since Sept 1st when I bought it). This is where more than 60% of my money is. > It is starting to annoy me. I think more people will become givers once they know enough. > > Are there any people out there who do original research? Anyone would would > like to exchange such information, maybe via email? > I do do original research but then I get ready to share it with the group and someone already has mentioned it. Below are several theories that I am working on... One theory I am working on that works in Dec/Jan is to buy options on all the stocks that get added to Nasdaq 100 (eg NTAP). I did 250%+ in a month and half on NTAP. Second, that works in Dec/Jan again is to look at the best performing mass mutual fund (not like Nicholas Applegate) of the year, then putting the money in their top holdings. Reasoning -- lots of people generally put their money in winning mutual funds. Once that money comes in, the mutual funds will go on a buying spree of their choice stocks -- thus pushing up the prices. TVFQX as an example holds a major stake in PMCS and AMCC and since they were one of the top performing mutual funds, they had a lot of money rolling in and in the first three weeks, PMCS has gone up from $160 to $190 (low during correction was $120). Third, there is this website http://www.strikeprice.com/ that has a selection called "Power Ranked". These are supposedly stocks that have not doubled in the last year but have reached a new high (with some other criterias also like volume of 50k+). These stocks are considered to be breaking out of a long base and could easily move dramatically. One example is CVG (which I like and I think is going to do good). Now, if I were to buy deep in the money options, then I could do great. The person who deviced the power-ranked system boasts around 100% to 200% returns per year and logically it does make a whole lot of sense. He has 85% success rate and he maintains no more than 8 stocks in his portfolio. So there are my theories. Comment on it if you want to... Regards, Pritish - - ------------------------------ Date: Sun, 23 Jan 2000 21:45:31 -0500 From: "james sullivan" Subject: Re: [CANSLIM] Russell2K - -----Original Message----- From: Johan Van Houtven To: canslim@lists.xmission.com Date: Sunday, January 23, 2000 4:18 PM Subject: Re: [CANSLIM] Russell2K >To bad you are one of the very few who do post anything you have to offer. > >I really wonder if the 600+ members who do not post (often) really have >nothing to offer? Or maybe that some do, but keep the goodies to themselves? the only "goodies" that i have to offer is my portfolio and my opinion...sooo... first off, IMO, the internet (nets in general) and it's uses is going continue to grow a lot....this growth will take many faces....examples: B2B, C2B, refrigerators, etc.... I'm trying to diversify in this arena: EMC - more data/info on the net indicates more storage needed JDSU - fiber optics; what can i say, IMO, this is a great company in a great market AOL - i bought at the time warner announcement; aol has many subscribers; many of these people stay at aol much of the time; many people that i respect use aol and like it....IMHO, aol and tw have qualities that can complement each other....IMO, their customer base will continue to go; >Are there any people out there who do original research? sorry, nothing original about me! jim - - ------------------------------ Date: Sun, 23 Jan 2000 21:49:41 -0500 From: "Tom Worley" Subject: Re: Contributions to the list (was Re: [CANSLIM] Russell2K) Pritish, Thanks for commenting, and adding some further thoughts on other approaches to investing. It has been my experience in this group over the past several years, as well as with clients over the past decade, that those that think they have the least to contribute often have the most insightful and astute thinking. Don't be intimidated by the "wisdom" of those who post frequently, we do not have all the answers. And if you wait until you have the confidence that you have all the answers, you will be too busy managing your portfolio to post your newly gained wisdom. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ----- Original Message ----- From: Pritish M Shah To: Sent: Sunday, January 23, 2000 9:34 PM Subject: Contributions to the list (was Re: [CANSLIM] Russell2K) On Sun, 23 Jan 2000, Johan Van Houtven wrote: > To bad you are one of the very few who do post anything you have to offer. I do agree Tom Worley does do a great job of informing the masses. > > I really wonder if the 600+ members who do not post (often) really have > nothing to offer? Or maybe that some do, but keep the goodies to themselves? > I may be out of line when I say this but I am awed by the knowledge that people here (including you) have to offer. I just do not have enough knowledge to post anything of value. When it does show up, I definately will share that. My current best pick is ADIC (stock) TCFQX, TVFQX (70% since Sept 1st when I bought it). This is where more than 60% of my money is. > It is starting to annoy me. I think more people will become givers once they know enough. > > Are there any people out there who do original research? Anyone would would > like to exchange such information, maybe via email? > I do do original research but then I get ready to share it with the group and someone already has mentioned it. Below are several theories that I am working on... One theory I am working on that works in Dec/Jan is to buy options on all the stocks that get added to Nasdaq 100 (eg NTAP). I did 250%+ in a month and half on NTAP. Second, that works in Dec/Jan again is to look at the best performing mass mutual fund (not like Nicholas Applegate) of the year, then putting the money in their top holdings. Reasoning -- lots of people generally put their money in winning mutual funds. Once that money comes in, the mutual funds will go on a buying spree of their choice stocks -- thus pushing up the prices. TVFQX as an example holds a major stake in PMCS and AMCC and since they were one of the top performing mutual funds, they had a lot of money rolling in and in the first three weeks, PMCS has gone up from $160 to $190 (low during correction was $120). Third, there is this website http://www.strikeprice.com/ that has a selection called "Power Ranked". These are supposedly stocks that have not doubled in the last year but have reached a new high (with some other criterias also like volume of 50k+). These stocks are considered to be breaking out of a long base and could easily move dramatically. One example is CVG (which I like and I think is going to do good). Now, if I were to buy deep in the money options, then I could do great. The person who deviced the power-ranked system boasts around 100% to 200% returns per year and logically it does make a whole lot of sense. He has 85% success rate and he maintains no more than 8 stocks in his portfolio. So there are my theories. Comment on it if you want to... Regards, Pritish - - - - ------------------------------ Date: Sun, 23 Jan 2000 21:37:40 -0600 From: "John Adair" Subject: [CANSLIM] Re: lunkers onllist One of the main reasons I do not post is I follow Tharps Money Management program. He feels it is not important what you use for a reasonable entry so long as you practice position sizing. I do not feel comfortable reading recommendations from some one over the net I do not know. I do find some good but feel I might distract if I do not dance to the canslim tune as a lot of those on the list feel comfortable. I feel it is important a newbe is taught money management. I hope someone out there will also bring up money management > - - ------------------------------ Date: Sun, 23 Jan 2000 21:35:25 -0600 From: Dave Cameron Subject: Re: [CANSLIM] Graphs Karl, I've been using CANSLIM for 7 years. I can tell you what works for me doesn't work for everything. But, from a sample of one, here goes: > Is it better to read daily or weekly graphs to determine bases and the > pivot point? I don't think it really matters. One just needs to be able to form the proper interpretation. I prefer to use daily graphs/charts to determine breakouts - then I revert to weekly to look at a stock's history and pattern and base period. This way I catch the move quickly on a breakout, but get a good read on its longer term movements. > > Is it better to read normal or logarithmic graphs to determine bases and > the pivot point? Here I am a stickler for logarithmic graphs. I have ranted and raved at Daily Graphs with no effect. In Daily Graphs' eyes a move from 30 to 40 is the same as a move from 90 to 100 (assuming you're on the same chart). This is VERY misleading. A move from 30 to 40 is a 33% increase and well worth the investment. A move from 90 to 100 is only 10% and could whipsaw you back out. The only thing I would use WON's DG for is % fund ownership and some CANSLIM numbers/ letters. I use BigCharts for everything else. > > When determining a breakout price less than 5% above the base, is this > based on differences in daily or weekly closes? Again I think the answer to my first question addresses this. Just one man's opinion, Dave Cameron dfcameron@ameritech.net > > - - - ------------------------------ Date: Sun, 23 Jan 2000 21:42:44 -0600 From: Dave Cameron Subject: Re: [CANSLIM] Study of Russell2K Johan, You have WAY too much time on your hands! . Spent some time with the kids! Seriously, it seems to me that the Russell 2000 has been moving for a while - but not exactly in a CANSLIM pattern. As a for instance, I have a few stocks which I have been watching or owned that had a cup pattern, but instead of forming a handle - just kept going. Many of the small caps I watch hit a high many months ago - dropped about 40% over the next 6 months - made it back in the last 3 months and continued on 10% higher than their high. I'm pleased to finally see the rebound - but never saw a base or handle! And, no, I can't help on finding out which stocks comprise the RUT. I just have enough in the right market cap area to get a proxy for it. Dave Cameron dfcameron@ameritech.net Johan Van Houtven wrote: > > I wanted to study the R2K. > > First I need a list of Russell 2000 index component stocks. > > A search on http://www.metacrawler.com did not deliver the goodies. > > The ONLY place I found a list was at http://www.russell.com. They have a > PFD file with a list of the r2K component stocks dated 30 JUNE 1999. > > First problem was converting that PDF file to a format that is readable by > a charting program, such as ASCII. I managed to do that via cut-n-copy of > whole text in the PDF file. Then paste into text editor. > > Then I manually removed all the page headers etc. After that I imported the > text file into Excel in such a way that the first column contained only the > stock symbols. Then I cut and pasted this stock sysmbol list into > QuotesPlus v2.1, a charting and scanning program. > > I started to browse through the stock symbols and quickly found out that > there were MANY stocks symbols that were not valid anymore. Removing them > manually was to daunting task. > > So I put them into a scan that produced a list of valid symbols. Can you > believe that from the initial 2000 symbols only 1802 remained? So much from > providing the public with up-to-date information. > > Therefor the problem remains: Were can I find a complete, up-to-date list > of the Russell 2000 index component stocks? > > Anyhow here are the first 100 R2K co's with the highest QRS (relative > strenght per Quotes Plus v2.1). As you will see, most are biotech and > tech-related. > > Symbol IRLsymbol > ELON COMPLAN > ENZ MEDBIOGN > INCY MEDBIOGN > CRA MEDBIOGN > IDC TELEQUIP > MRVC COMPLAN > TRAC FINIMGT > RRRR INTSVCS > AZPN COMPENTR > MANU COMPENTR > GBIX COMPSERV > KOPN ELECMISC > VLNC ELECMISC > OAK ELECPROD > MSGI FINBUSVC > OCLI INSTRSCI > ABGX MEDBIOGN > ELOT TELEQUIP > MCOM TELEQUIP > SONE INTRETL > NETO INTSOFT > VERT INTSVCS > LWIN TELESVC > NOPT TELESVC > BVSN COMPENTR > EXAP COMPENTR > MSTR COMPENTR > TTN ELECMILT > EMKR ELECSEQP > MVSN PROTSFTY > ADAP TELEQUIP > GEMS TELEQUIP > IATV COMPFUN > ANCR COMPLAN > EMLX COMPLAN > NPIX COMPLAN > MTIC COMPMEM > OMKT INTNTWK > CPTL TELESVC > RADS COMPENTR > SILI ELECSEMI > IVGN MEDBIOGN > MLNM MEDBIOGN > ASPT TELEQUIP > IPI TELEQUIP > SNDK COMPMEM > ITRA INTSOFT > CAIS INTSVCS > ITVU INTSVCS > FDHG RTLMISC > ASDV COMPENTR > INTS COMPENTR > PROX ELECPROD > CREE ELECSEMI > TQNT ELECSEMI > LTXX ELECSEQP > HGSI MEDBIOGN > IDPH MEDBIOGN > IMCL MEDBIOGN > PDLI MEDBIOGN > AFFX MEDINSTR > DSPG TELEQUIP > TERN TELEQUIP > CCUR COMPMFG > SPYG INTNTWK > CPRK TELESVC > ACTU COMPENTR > MUSE COMPENTR > TSFW COMPENTR > HNCS COMPSECU > TSCC COMPSERV > ANAD ELECSEMI > ASYT ELECSEQP > BRKS ELECSEQP > DTPI FINBUSVC > PRST MACHGNRL > CELG MEDBIOGN > CEPH MEDBIOGN > CRXA MEDBIOGN > CLPA MEDDRUGS > KING MEDDRUGS > PGTV MEDRADTV > AERL TELECELL > OMPT TELECELL > DMIC TELEQUIP > HLIT TELEQUIP > INTV TELEQUIP > BWT LASERS > COHR LASERS > ADIC COMPMEM > CNCX INTNTWK > GNET INTSVCS > CLFY COMPENTR > DSTM COMPENTR > EXCA COMPENTR > SAWS ELECMISC > EXAR ELECSEMI > COHU ELECSEQP > > -- Johan > > - - - ------------------------------ Date: Sun, 23 Jan 2000 21:46:34 -0600 From: Dave Cameron Subject: Re: [CANSLIM] "It is starting to annoy me" Joe Scott wrote: > I would gladly post my goodies except for the fact that I'm still in 8 > or so stocks from about 1 1/2 to 3 years ago. I enjoy reading to posts > from the group but think that sticking to the Canslim rules churns your > account way to much. Joe - haven't seen a post from you in quite a while. I always interpreted CANSLIM as having the goal of holding for 1-1/2 to 3 years. It was only after I gave back all my gains on several stocks that I realized (the hard way) that there is some benefit to the churn approach. I think O'Neil is somewhat misleading in this. In all his "best" examples (stocks which performed the best), he shows runups which lasted for 2,3,or 5 years. But... when you start really reading IBD and hearing WON talk, one comes to the realization that oftentimes you may hold for 1 month or 3 months. If I'd known this early on, I'd have saved myself thousands of dollars. Dave Cameron dfcameron@ameritech.net - - ------------------------------ Date: Mon, 24 Jan 2000 00:00:08 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] "It is starting to annoy me" Very true Dave, and what ever works for someone is what they should stick with. I'm all for not fixing it if it isn't broken. I am sure the pure Canslim approach is an excellent one, but it wasn't for me, I churned my account for nice gains but seemed to be doing constant research for new stocks and watching to closely the daily gains and loses along with getting stopped out on stocks I knew I should hold through a little correction. After selling a stock for nice gain, or being stopped out I would often ask myself, "why did I sell, I still like the company, I still feel confident about the over all long term market so why did I sell". Then to watch that stock go on to much larger gains and splits, and then more gains. Well, Dave it drove me crazy. I have owned some great companies, SUNW, AOL, EMC, MSFT, CSCO, companies I still feel confident about, would love to have held but sold after small gains. It sometimes tries my resolve to hold during a 50% pullback in a stock, but the leaders more often than not have gone on to new highs. Take VERT, I bought it coming out of a 4 month cup and handle at 60, first pullback was from 110 down to 80, should I have sold to lock in my profit? I love this stock, today its at 250, next pullback will probably be about 70 points, should I sell tomorrow? I don't think so. Sell my VERT, my YHOO, my BRCM, I don't think so. Like I say, its what works for you, I can't complain about the past couple of years gains. I think I'll stick with my plan as it is, that doesn't mean if a stock isn't doing what I think it should be doing that I won't sell it. Just haven't had any reason to lately, although AMZN basing for a year is trying my patience. If an investor finds an approach that works for them regardless of what it is I say stick to it. This is just the ramblings of a relatively new investor, about 7 years now, a blue collar worker with a high school diploma that couldn't spell a couple dozen of these words without a spell checker, so for sure take it for what its worth. Sometimes I can hardly believe how lucky and fortunate I've been to do as well as I have. *Knocking wood now* Great group, never miss a post Joe Scott joscott@mindspring.com - - ------------------------------ Date: Mon, 24 Jan 2000 13:30:24 +0000 (GMT) From: musicant@pacbell.net (Dan Musicant) Subject: Re: Contributions to the list (was Re: [CANSLIM] Russell2K) On Sun, 23 Jan 2000 20:34:54 -0600 (CST), you wrote: :Second, that works in Dec/Jan again is to look at the best performing=20 :mass mutual fund (not like Nicholas Applegate) of the year, then putting= =20 :the money in their top holdings.=20 : :Regards, :Pritish : Pritish, Where do you find out what Nicholas Applegate is invested/investing in, buying, selling, etc. Thanks. Dan - - ------------------------------ Date: Mon, 24 Jan 2000 09:40:20 -0500 From: Sam Funchess Subject: [CANSLIM] BIGT Picked up some BIGT on Friday. BIGT is another play on cell phone proliferation. THey own and lease space on cell phone towers. If memory serves correctly they bought all of Bell South's towers in the east and leased space back to them. Cell phones can't work without towers; atleast not to my knowledge. They also have the capability to transmit pager signals with minor modification as well as "burst technology" for remote metering devices like electrical usage and gas meter readings. Strong sales growth, earnings are still negative but it is a very capital intensive type of business. May not pan out, but so far has done respectably. Sam - - ------------------------------ Date: Sun, 23 Jan 2000 23:35:53 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] Study of Russell2K Rich, Than you for the .lst file. The R2K.lst file contained 1995 stocks. One would expect 2000, in an undex named R2K. :-) After scanning it produced 1801 valid stocks. That is 1 less than the list I produced previously. Maybe I'll try email Russell to see if I can get a up-to-date list from them. Thanks anyway! At 04:26 PM 23-01-00 -0500, you wrote: >Johan, > >This is a good test of the QP2 beta. I'll give it a whirl, and send you the >file. If it's what you want, you can u/l it to the CANSLIM ftp. > >All the best, >Richard Ralph > > > >----- Original Message ----- >From: "Johan Van Houtven" >To: >Sent: Sunday, January 23, 2000 9:01 AM >Subject: [CANSLIM] Study of Russell2K > > >> I wanted to study the R2K. >> >> First I need a list of Russell 2000 index component stocks. >> >> A search on http://www.metacrawler.com did not deliver the goodies. >> >> The ONLY place I found a list was at http://www.russell.com. They have a >> PFD file with a list of the r2K component stocks dated 30 JUNE 1999. >> >> First problem was converting that PDF file to a format that is readable by >> a charting program, such as ASCII. I managed to do that via cut-n-copy of >> whole text in the PDF file. Then paste into text editor. >> >> Then I manually removed all the page headers etc. After that I imported >the >> text file into Excel in such a way that the first column contained only >the >> stock symbols. Then I cut and pasted this stock sysmbol list into >> QuotesPlus v2.1, a charting and scanning program. >> >> I started to browse through the stock symbols and quickly found out that >> there were MANY stocks symbols that were not valid anymore. Removing them >> manually was to daunting task. >> >> So I put them into a scan that produced a list of valid symbols. Can you >> believe that from the initial 2000 symbols only 1802 remained? So much >from >> providing the public with up-to-date information. >> >> Therefor the problem remains: Were can I find a complete, up-to-date list >> of the Russell 2000 index component stocks? >> >> Anyhow here are the first 100 R2K co's with the highest QRS (relative >> strenght per Quotes Plus v2.1). As you will see, most are biotech and >> tech-related. >> >> Symbol IRLsymbol >> ELON COMPLAN >> ENZ MEDBIOGN >> INCY MEDBIOGN >> CRA MEDBIOGN >> IDC TELEQUIP >> MRVC COMPLAN >> TRAC FINIMGT >> RRRR INTSVCS >> AZPN COMPENTR >> MANU COMPENTR >> GBIX COMPSERV >> KOPN ELECMISC >> VLNC ELECMISC >> OAK ELECPROD >> MSGI FINBUSVC >> OCLI INSTRSCI >> ABGX MEDBIOGN >> ELOT TELEQUIP >> MCOM TELEQUIP >> SONE INTRETL >> NETO INTSOFT >> VERT INTSVCS >> LWIN TELESVC >> NOPT TELESVC >> BVSN COMPENTR >> EXAP COMPENTR >> MSTR COMPENTR >> TTN ELECMILT >> EMKR ELECSEQP >> MVSN PROTSFTY >> ADAP TELEQUIP >> GEMS TELEQUIP >> IATV COMPFUN >> ANCR COMPLAN >> EMLX COMPLAN >> NPIX COMPLAN >> MTIC COMPMEM >> OMKT INTNTWK >> CPTL TELESVC >> RADS COMPENTR >> SILI ELECSEMI >> IVGN MEDBIOGN >> MLNM MEDBIOGN >> ASPT TELEQUIP >> IPI TELEQUIP >> SNDK COMPMEM >> ITRA INTSOFT >> CAIS INTSVCS >> ITVU INTSVCS >> FDHG RTLMISC >> ASDV COMPENTR >> INTS COMPENTR >> PROX ELECPROD >> CREE ELECSEMI >> TQNT ELECSEMI >> LTXX ELECSEQP >> HGSI MEDBIOGN >> IDPH MEDBIOGN >> IMCL MEDBIOGN >> PDLI MEDBIOGN >> AFFX MEDINSTR >> DSPG TELEQUIP >> TERN TELEQUIP >> CCUR COMPMFG >> SPYG INTNTWK >> CPRK TELESVC >> ACTU COMPENTR >> MUSE COMPENTR >> TSFW COMPENTR >> HNCS COMPSECU >> TSCC COMPSERV >> ANAD ELECSEMI >> ASYT ELECSEQP >> BRKS ELECSEQP >> DTPI FINBUSVC >> PRST MACHGNRL >> CELG MEDBIOGN >> CEPH MEDBIOGN >> CRXA MEDBIOGN >> CLPA MEDDRUGS >> KING MEDDRUGS >> PGTV MEDRADTV >> AERL TELECELL >> OMPT TELECELL >> DMIC TELEQUIP >> HLIT TELEQUIP >> INTV TELEQUIP >> BWT LASERS >> COHR LASERS >> ADIC COMPMEM >> CNCX INTNTWK >> GNET INTSVCS >> CLFY COMPENTR >> DSTM COMPENTR >> EXCA COMPENTR >> SAWS ELECMISC >> EXAR ELECSEMI >> COHU ELECSEQP >> >> >> -- Johan >> >> >> >> - >> >> > > >- > > - -- Johan - - ------------------------------ End of canslim-digest V2 #804 ***************************** 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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