From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #818 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Tuesday, February 8 2000 Volume 02 : Number 818 In this issue: [CANSLIM] OT [CANSLIM] Faster trade executions RE: [CANSLIM] Can CANSLIM be Improved? [CANSLIM] Acc/dis numbers Re: [CANSLIM] Tradehard - TradingMarkets [CANSLIM] OMPT Re: [CANSLIM] Tradehard - TradingMarkets RE: [CANSLIM] Tradehard - TradingMarkets [CANSLIM] Some news you didn't want to read Re: [CANSLIM] OMPT Re: [CANSLIM] OMPT Re: [CANSLIM] OMPT Re: [CANSLIM] OMPT Re: [CANSLIM] OMPT ---------------------------------------------------------------------- Date: Mon, 7 Feb 2000 09:42:37 -0500 From: "Joan Sherman" Subject: [CANSLIM] OT Has anyone subscribed to Tradehard that would care to comment about it.......comments anyone? Joan Sherman - - ------------------------------ Date: Mon, 07 Feb 2000 15:10:01 +0100 From: Johan Van Houtven Subject: [CANSLIM] Faster trade executions From: www.bull-market.com 1. SCHWAB TO BUY CYBERCORP Charles Schwab Corp. (SCH, $37) agreed to buy day trading firm CyBerCorp Inc. in a stock deal valued at about $488 million. Schwab said it expects the transaction, which is being accounted for as a purchase, to close in the first quarter of 2000. "This is cutting edge technology that has proven immensely popular with highly active investors," David Pottruck, president and co-chief executive of Schwab, said in a statement. "It is a trading cockpit for full-time investors who want to view and participate in the market like an institutional trader." COMMENT: We think this a sign of things to come this year. The online-brokerage industry is very fragmented at the moment with Schwab and E*Trade being the leaders. There are several small firms, many with good technology that may be merged or purchased going forward. The larger firms, including some of the brokerage houses, may take the current depressed state of the online-brokerage stocks, as an opportunity to purchase the better small firms as a way to buy clients and to obtain technology systems that might take them months or years to develop. The sector needs to start a consolidation phase and now seems like a perfect opportunity. This deal is good for Schwab as it gets them better positioned to obtain and retain active investors. Schwab is on the acquisition trail and seems to be filling in any holes in their current offerings so that they can take care of everyone's needs. We look forward to seeing what Schwab will do next and whether the other leaders in the online-brokerage industry will join in the fray. At 12:57 AM 07-02-00 -0500, you wrote: >Hi Karl, > >I use CANSLIM to build my watch list (or clear it out, as >has been the case lately), then use TA for timing of entry, >exit and hold decisions. My most immediate decision making >is done using MACD on a five day chart at BigCharts. > >Tom Worley >stkguru@netside.net >chat with me at ICQ # 5568838 >get ICQ software at http://www.icq.com/icqhomepage.html > > >----- Original Message ----- >From: karl wolff >To: can slim post >Sent: Monday, February 07, 2000 12:09 AM >Subject: [CANSLIM] Can CANSLIM be Improved? > > >In my short time using CANSLIM, I see it's advantages. But, >are there >further steps >we can take to improve our entry and exit points? > >Does anyone use further technical analysis (TA) in tading? > >Sometimes, it seems like good trades are available that >CANSLIM doesn't >pick up on. > >I have found that TA indicators such as MACD, stochastics, >money flow, >etc. can be >very helpful. > >Please let me know your thoughts. > > > > >- > > > >- > > - -- Johan - - ------------------------------ Date: Mon, 07 Feb 2000 08:51:46 -0800 From: Michael McCoy Subject: RE: [CANSLIM] Can CANSLIM be Improved? CANSLIM emphasizes identifying fundamentally good stocks and using a breakout on good volume as an entry point. That is not to say that this is the only way to trade. Sure you can find other good trades with the indicators you mentioned. The WON approach just tries to keep the odds of success in your favor. Mike - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of karl wolff Sent: Sunday, February 06, 2000 9:10 PM To: can slim post Subject: [CANSLIM] Can CANSLIM be Improved? In my short time using CANSLIM, I see it's advantages. But, are there further steps we can take to improve our entry and exit points? Does anyone use further technical analysis (TA) in tading? Sometimes, it seems like good trades are available that CANSLIM doesn't pick up on. I have found that TA indicators such as MACD, stochastics, money flow, etc. can be very helpful. Please let me know your thoughts. - - - - ------------------------------ Date: Mon, 7 Feb 2000 10:45:36 -0500 From: Robert Subject: [CANSLIM] Acc/dis numbers Here are the latest Acc/Dis numbers Date A B C D E AB/A:E %E 1/28/2000 1792 2359 1133 1102 559 60% 8% 1/31/2000 1761 2363 1169 1104 534 60% 8% 2/1/2000 1607 2392 1215 1107 578 58% 8% 2/2/2000 1518 2436 1226 1134 568 57% 8% 2/3/2000 1541 2490 1207 1115 539 58% 8% 2/4/2000 1585 2503 1205 1092 526 59% 8% 2/7/2000 1651 2576 1187 1030 489 61% 7% Spreadsheet version: Date,A,B,C,D,E,AB/A:E,%E 1/28/2000,1792,2359,1133,1102,559,60%,8% 1/31/2000,1761,2363,1169,1104,534,60%,8% 2/1/2000,1607,2392,1215,1107,578,58%,8% 2/2/2000,1518,2436,1226,1134,568,57%,8% 2/3/2000,1541,2490,1207,1115,539,58%,8% 2/4/2000,1585,2503,1205,1092,526,59%,8% 2/7/2000,1651,2576,1187,1030,489,61%,7% Robert - - ------------------------------ Date: Mon, 07 Feb 2000 14:22:57 -0500 From: Walter Stock Subject: Re: [CANSLIM] Tradehard - TradingMarkets Hi Joan, I have been very happy with Tradehard (now renamed TradingMarkets.com). I have taken free trials on dozens of paid sites, but I only been interested in keeping and paying for two: theStreet.com and TradingMarkets.com. Both are excellent but for different reasons. TheStreet.com gives you much broader coverage, more columnists and more entertaining content. It also features Jim Cramer. TradingMarkets on the other hand gives you a narrower focus on things you can actually use everyday. At least four of their columnists are strong Canslim followers, including editor-in-chief Marder and hedge-fund manager Kuhn. You get professional Canslim analysis everyday. You also get (free with subscription) a variety of educational courses on investing and trading, and free access to some of Briefing.com's paid material. If I could only have one subsription, either theStreet.com or TradingMarkets.com, it would be TradingMarkets hands down. (I have no business relationship with either site, am just a subscriber.) Hope this helps, Walter Stock Oakville, ON, Canada Joan Sherman wrote: > Has anyone subscribed to Tradehard that would care to comment about > it.......comments anyone? > Joan Sherman > > - - - ------------------------------ Date: Mon, 07 Feb 2000 21:53:17 +0100 From: Johan Van Houtven Subject: [CANSLIM] OMPT For the newer CANSLIMers. If you would like to witness a breakout up close, it might be worth watching OMPT tomorrow. Don't buy it. Just look at it. It is near the 122 resistance as I write, minutes before the close. A break above that on good volume (1.5 x ADV = 1.5 x 835,863) and we should have a breakout. - -- Johan - - ------------------------------ Date: Mon, 7 Feb 2000 21:30:45 -0000 From: "Marc Laniado" Subject: Re: [CANSLIM] Tradehard - TradingMarkets I agree absolutely Marc - ----- Original Message ----- From: Walter Stock To: Sent: Monday, February 07, 2000 7:22 PM Subject: Re: [CANSLIM] Tradehard - TradingMarkets > Hi Joan, > > I have been very happy with Tradehard (now renamed > TradingMarkets.com). I have taken free trials on dozens > of paid sites, but I only been interested in keeping and > paying for two: theStreet.com and TradingMarkets.com. > > Both are excellent but for different reasons. TheStreet.com > gives you much broader coverage, more columnists and > more entertaining content. It also features Jim Cramer. > > TradingMarkets on the other hand gives you a narrower focus > on things you can actually use everyday. At least four of > their columnists are strong Canslim followers, including > editor-in-chief Marder and hedge-fund manager Kuhn. > You get professional Canslim analysis everyday. > You also get (free with subscription) a variety of educational > courses on investing and trading, and free access to some > of Briefing.com's paid material. > > If I could only have one subsription, either theStreet.com or > TradingMarkets.com, it would be TradingMarkets hands down. > (I have no business relationship with either site, am just a > subscriber.) > > Hope this helps, > > Walter Stock > Oakville, ON, Canada > > Joan Sherman wrote: > > > Has anyone subscribed to Tradehard that would care to comment about > > it.......comments anyone? > > Joan Sherman > > > > - > > > - > > - - ------------------------------ Date: Mon, 07 Feb 2000 14:11:56 -0800 From: Michael McCoy Subject: RE: [CANSLIM] Tradehard - TradingMarkets If we are taking a vote, count me in. I have been a member for over 6-months and find that TradingMarkets is getting better and better. Mike - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Marc Laniado Sent: Monday, February 07, 2000 1:31 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Tradehard - TradingMarkets I agree absolutely Marc - ----- Original Message ----- From: Walter Stock To: Sent: Monday, February 07, 2000 7:22 PM Subject: Re: [CANSLIM] Tradehard - TradingMarkets > Hi Joan, > > I have been very happy with Tradehard (now renamed > TradingMarkets.com). I have taken free trials on dozens > of paid sites, but I only been interested in keeping and > paying for two: theStreet.com and TradingMarkets.com. > > Both are excellent but for different reasons. TheStreet.com > gives you much broader coverage, more columnists and > more entertaining content. It also features Jim Cramer. > > TradingMarkets on the other hand gives you a narrower focus > on things you can actually use everyday. At least four of > their columnists are strong Canslim followers, including > editor-in-chief Marder and hedge-fund manager Kuhn. > You get professional Canslim analysis everyday. > You also get (free with subscription) a variety of educational > courses on investing and trading, and free access to some > of Briefing.com's paid material. > > If I could only have one subsription, either theStreet.com or > TradingMarkets.com, it would be TradingMarkets hands down. > (I have no business relationship with either site, am just a > subscriber.) > > Hope this helps, > > Walter Stock > Oakville, ON, Canada > > Joan Sherman wrote: > > > Has anyone subscribed to Tradehard that would care to comment about > > it.......comments anyone? > > Joan Sherman > > > > - > > > - > > - - - - ------------------------------ Date: Tue, 8 Feb 2000 00:57:48 -0500 From: "Tom Worley" Subject: [CANSLIM] Some news you didn't want to read From Infobeat's report on the Internet: "First Call, brokerage firms in data pact First Call Interactive on Monday announced that 20 brokerage firms have teamed with the financial information company to develop an Internet-based system of internally distributing research data. Firm such as Legg Mason and Scott & Stringfellow agreed to partner with First Call Interactive, a division of Thomson Financial's First Call Corp. The benefit to the firms is that they will now be able to access real-time information, such as their own research notes or those from other firms, through corporate intranet or password-protected sites on the Internet. "The First Call Interactive solutions save brokerage firms money by reducing their global printing and distribution costs," First Call said in a statement. "They also enable the sales and trading teams at the firms to receive their company's research and quantitative data at the same time as their customers who subscribe to First Call's real-time services."" Want to bet that future research reports won't look, sound and smell that much more alike? And reactions to upgrades and downgrades won't be even more volatile? What analyst is going to publish without first checking out what his competition is saying about a company? And on a different front, Tokyo officials are predicting that Japan's 4th quarter GDP fell again, putting it into at least a technical recession after the drop in the 3rd quarter. Mighty short economic recovery they had! Guess that's what happens when you've used up all your credit in the bond market, everybody is downgrading you, and your last desperate resort is to borrow from your own corrupt banking system to make their business look better and cover your own record budget deficits. Stay tuned for the sequel to "Asian Economic Woes" and maybe we'll finally learn which comes first, economic reforms or recovery. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - - ------------------------------ Date: Tue, 8 Feb 2000 01:39:35 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] OMPT Johan, While this may still pop tomorrow despite only doing average volume, it's a poor example for CANSLIMers, esp new ones, IMHO. No base, and an RS of 14. And while sales have doubled over the past 4 qtrs, losses have not retreated that much (from -3.91 to -3.29). As a day trading vehicle, it may well work, today's 5% gain was strong. I have a hard time viewing it as a good example of CANSLIM, but willing to hear your reasons. 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: Monday, February 07, 2000 3:53 PM Subject: [CANSLIM] OMPT For the newer CANSLIMers. If you would like to witness a breakout up close, it might be worth watching OMPT tomorrow. Don't buy it. Just look at it. It is near the 122 resistance as I write, minutes before the close. A break above that on good volume (1.5 x ADV = 1.5 x 835,863) and we should have a breakout. - -- Johan - - - - ------------------------------ Date: Tue, 8 Feb 2000 02:18:20 -0500 From: "Barry Marx" Subject: Re: [CANSLIM] OMPT I'm sure that there has been discussion in the past about how RS is calculated, but I must question the validity of the value of RS of 14 being assigned to a stock that has gone from approximately 10 to 115 in less than 12 months. - ----- Original Message ----- From: Tom Worley To: Sent: Tuesday, February 08, 2000 1:39 AM Subject: Re: [CANSLIM] OMPT > Johan, > > While this may still pop tomorrow despite only doing average > volume, it's a poor example for CANSLIMers, esp new ones, > IMHO. No base, and an RS of 14. And while sales have > doubled over the past 4 qtrs, losses have not retreated that > much (from -3.91 to -3.29). As a day trading vehicle, it > may well work, today's 5% gain was strong. I have a hard > time viewing it as a good example of CANSLIM, but willing to > hear your reasons. > > 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: Monday, February 07, 2000 3:53 PM > Subject: [CANSLIM] OMPT > > > For the newer CANSLIMers. If you would like to witness a > breakout up close, > it might be worth watching OMPT tomorrow. > > Don't buy it. Just look at it. It is near the 122 resistance > as I write, > minutes before the close. A break above that on good volume > (1.5 x ADV = > 1.5 x 835,863) and we should have a breakout. > > > > > > -- Johan > > > > - > > > > - > > - - ------------------------------ Date: Tue, 8 Feb 2000 07:22:32 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] OMPT My error, Barry. I meant EPS. I should know better than to try and write at 2 in the morning. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ----- Original Message ----- From: Barry Marx To: Sent: Tuesday, February 08, 2000 2:18 AM Subject: Re: [CANSLIM] OMPT I'm sure that there has been discussion in the past about how RS is calculated, but I must question the validity of the value of RS of 14 being assigned to a stock that has gone from approximately 10 to 115 in less than 12 months. - ----- Original Message ----- From: Tom Worley To: Sent: Tuesday, February 08, 2000 1:39 AM Subject: Re: [CANSLIM] OMPT > Johan, > > While this may still pop tomorrow despite only doing average > volume, it's a poor example for CANSLIMers, esp new ones, > IMHO. No base, and an RS of 14. And while sales have > doubled over the past 4 qtrs, losses have not retreated that > much (from -3.91 to -3.29). As a day trading vehicle, it > may well work, today's 5% gain was strong. I have a hard > time viewing it as a good example of CANSLIM, but willing to > hear your reasons. > > 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: Monday, February 07, 2000 3:53 PM > Subject: [CANSLIM] OMPT > > > For the newer CANSLIMers. If you would like to witness a > breakout up close, > it might be worth watching OMPT tomorrow. > > Don't buy it. Just look at it. It is near the 122 resistance > as I write, > minutes before the close. A break above that on good volume > (1.5 x ADV = > 1.5 x 835,863) and we should have a breakout. > > > > > > -- Johan > > > > - > > > > - > > - - - - ------------------------------ Date: Tue, 08 Feb 2000 09:37:11 -0500 From: Craig Griffin Subject: Re: [CANSLIM] OMPT Chart Analysis: Base begins on 12/31 and continues through yesterday. Base length is approx 5 weeks + 1 day into the 6th week. Base depth is approx 40% (a little loose). To some this may look like a cup w/handle but the "handle" portion is almost 30% deep and thus does not qualify. You could just as well call it a double bottom (but the second bottom does not test the first, which is a stronger formation), or you could call it a flat base (but 40% is a bit deep). In spite of its imperfections (too deep-40% and too short-5 weeks), it may go and may do fine. I would prefer to see a longish handle on this formation stretching another couple of weeks before it breaks out before buying the breakout. On the positive side, it seems to have institutional support as it respects its 50 dma. Stock has advanced from 11 to 120 in a year. Other thoughts: Rapid revenue growth. Rapid losses (no earnings). For a Canslim buy, I would want to do a bit more fundie and news research. Often powerful stocks like this, don't give many opportunities to buy and you have to take what you can get (but you must understand a bit about what you are buying). I'd want to know a lot more about it than just the chart pattern before buying it for a Canslim trade. Johan, using his market savy and astute reading of the daily tea leaves, may well be correct in calling for a breakout today. But then, he is a daytrader/short term trader - so as always - you must make your own decisions. His suggestion that we watch this one and not trade, based simply on his mentioning it, is wisdom - unless you have been watching the company on your own and have been doing your own thinking. Just some thoughts. - - ------------------------------ Date: Tue, 08 Feb 2000 10:09:55 +0100 From: Johan Van Houtven Subject: Re: [CANSLIM] OMPT Tom, My purpose was for the newer members to be able to witness a potential breakout. Breakouts are an important part of CANSLIM. Since this a email list, I have to alert members at least 8 hours in advance. I don't think anyone can succesfully predict a breakout at least 8 hours in advance. So with this limit in mind, I posted about OMPT. I specifically stated to NOT buy it. So no harm can be done. OMPT is definately not OLD Canslim as in WON's dated book. It is however new CANSLIM IMO, a la Marder, Greg Kuhn, and the 2 WON staffers that were interviewed recently @ tradingmarkets.com. The stock has written "N" (New) all over it. Wireless digital communication. Hot industry. No earnings, but great revenue increases. And the chart pattern is 5-6 week base. Approx 30% from high to low. With some very nice positive volume spikes. Telling me accumulation is going on. Chartpattern is tightning up. But this doesn't matter as I my purpose was to hopefully give the newer members a chance to witness a potential breakout. It was not my purpose to present them with the ultimate CANSLIM stock. I'm sorry if anyone took it like that. At 01:39 AM 08-02-00 -0500, you wrote: >Johan, > >While this may still pop tomorrow despite only doing average >volume, it's a poor example for CANSLIMers, esp new ones, >IMHO. No base, and an RS of 14. And while sales have >doubled over the past 4 qtrs, losses have not retreated that >much (from -3.91 to -3.29). As a day trading vehicle, it >may well work, today's 5% gain was strong. I have a hard >time viewing it as a good example of CANSLIM, but willing to >hear your reasons. > >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: Monday, February 07, 2000 3:53 PM >Subject: [CANSLIM] OMPT > > >For the newer CANSLIMers. If you would like to witness a >breakout up close, >it might be worth watching OMPT tomorrow. > >Don't buy it. Just look at it. It is near the 122 resistance >as I write, >minutes before the close. A break above that on good volume >(1.5 x ADV = >1.5 x 835,863) and we should have a breakout. > > > > > >-- Johan > > > >- > > > >- > > - -- Johan - - ------------------------------ End of canslim-digest V2 #818 ***************************** 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.