From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #925 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 Saturday, June 17 2000 Volume 02 : Number 925 In this issue: Re: NUHC (was Re: [CANSLIM] Stocks breaking out but still reasonable) Re: NUHC (was Re: [CANSLIM] Stocks breaking out but still reasonable) [CANSLIM] Voodoo RE: NUHC (was Re: [CANSLIM] Stocks breaking out but still reasonable) [CANSLIM] Monitoring the leaders Re: [CANSLIM] Monitoring the leaders RE: [CANSLIM] Distribution on the NYSE Re: [CANSLIM] Monitoring the leaders Re: [CANSLIM] Monitoring the leaders Re: [CANSLIM] Distribution on the NYSE Re: [CANSLIM] Distribution on the NYSE Re: [CANSLIM] Monitoring the leaders Re: [CANSLIM] Distribution on the NYSE Re: [CANSLIM] Monitoring the leaders [CANSLIM] DGO List - Part 1 ---------------------------------------------------------------------- Date: Fri, 16 Jun 2000 08:02:07 EDT From: BIKEAR@aol.com Subject: Re: NUHC (was Re: [CANSLIM] Stocks breaking out but still reasonable) where do you find the % of what stock the funds have? bubbet - - ------------------------------ Date: Fri, 16 Jun 2000 08:02:18 EDT From: BIKEAR@aol.com Subject: Re: NUHC (was Re: [CANSLIM] Stocks breaking out but still reasonable) - - ------------------------------ Date: Fri, 16 Jun 2000 14:15:54 -0400 From: Walter Stock Subject: [CANSLIM] Voodoo From Gary Smith, technical analyst at theStreet.com, in a chat on Yahoo last night: split_stock asks: Hi Gary, I like your columns, but I think TA is mostly voodoo. What can you tell me to convince me otherwise? gsmith4: Up 377% YTD. revo asks: Your strategies include trendlines, direction, and volume. Any other things to pay detailed attention to? gsmith4: Only congestion, support and resistance. Hmm, that's what cups and handles are made of. Walter Stock Oakville, ON, Canada - - ------------------------------ Date: Fri, 16 Jun 2000 13:17:02 -0700 From: "mikelu" Subject: RE: NUHC (was Re: [CANSLIM] Stocks breaking out but still reasonable) Daily Graphs Online. IBD says it's factored into the Sponsorship ranking. The ones with fund ownership < 30% are generally A or B ranked, I think. (I don't use IBD much, but looked into this once.) Mike - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of BIKEAR@aol.com Sent: Friday, June 16, 2000 5:02 AM To: canslim@lists.xmission.com Subject: Re: NUHC (was Re: [CANSLIM] Stocks breaking out but still reasonable) where do you find the % of what stock the funds have? bubbet - - - - ------------------------------ Date: Fri, 16 Jun 2000 13:07:53 -0700 (PDT) From: Pritish Shah Subject: [CANSLIM] Monitoring the leaders Hi, I was wondering if anyone is using the following strategy: 1) Select the top 40-80 industry groups 2) Select the top 2 stocks from each industry group 3) Daily print out small chart (something similar to the IBD stocks in news section) 4) Buy or Get ready to buy any stock that is breaking out or about to breakout. I know I might get flamed for writing this email because this is exactly what we are supposed to do so what is different: For one -- it is focused on some 80 to 160 stocks that are the leaders. Regards, Shah 408-525-4263 - - ------------------------------ Date: Fri, 16 Jun 2000 16:37:31 -0400 From: asosis@ca.ibm.com Subject: Re: [CANSLIM] Monitoring the leaders How do you select the 'top' two stocks using IBD? Is this ranking published somewhere? Thank you, Anna Pritish Shah on 06/16/2000 04:07:53 PM Please respond to canslim@lists.xmission.com To: canslim@lists.xmission.com cc: Subject: [CANSLIM] Monitoring the leaders Hi, I was wondering if anyone is using the following strategy: 1) Select the top 40-80 industry groups 2) Select the top 2 stocks from each industry group 3) Daily print out small chart (something similar to the IBD stocks in news section) 4) Buy or Get ready to buy any stock that is breaking out or about to breakout. I know I might get flamed for writing this email because this is exactly what we are supposed to do so what is different: For one -- it is focused on some 80 to 160 stocks that are the leaders. Regards, Shah 408-525-4263 - - - - ------------------------------ Date: Fri, 16 Jun 2000 17:51:42 -0400 From: Rocky Sanghvi Subject: RE: [CANSLIM] Distribution on the NYSE Distribution on the big board. heavy volume over 1.2 billion. lost about 2%. Any thoughts on this? Will this pull down the other Indices? Nasdaq seems to be setting up with a nice cup and handle formation as leading stocks get in position. Cheers Rakesh - - ------------------------------ Date: Fri, 16 Jun 2000 15:21:21 -0700 (PDT) From: Pritish Shah Subject: Re: [CANSLIM] Monitoring the leaders IBD publishes the info regularly but I have never ordered it. Regards, Shah 408-525-4263 On Fri, 16 Jun 2000 asosis@ca.ibm.com wrote: > > > How do you select the 'top' two stocks using IBD? Is this ranking > published somewhere? > > Thank you, > Anna > > > Pritish Shah on 06/16/2000 04:07:53 PM > > Please respond to canslim@lists.xmission.com > > To: canslim@lists.xmission.com > cc: > Subject: [CANSLIM] Monitoring the leaders > > > > > > Hi, > > I was wondering if anyone is using the following strategy: > > 1) Select the top 40-80 industry groups > 2) Select the top 2 stocks from each industry group > 3) Daily print out small chart (something similar to the IBD stocks in > news section) > 4) Buy or Get ready to buy any stock that is breaking out or about to > breakout. > > > I know I might get flamed for writing this email because this is exactly > what we are supposed to do so what is different: > > For one -- it is focused on some 80 to 160 stocks that are the leaders. > > > Regards, > Shah > 408-525-4263 > > > - > > > > > > - > > - - ------------------------------ Date: Fri, 16 Jun 2000 15:52:06 -0700 From: Eric Shen Subject: Re: [CANSLIM] Monitoring the leaders I ordered the list of industries once. Was a bit disappointed. It was like $15-$20 and all I got was a photocopy of the industries and the stocks within the industries. Perhaps one can build an industry list using the "New Highs/Lows" section in IBD. Does DGO have a way to get industry lists? Eric Pritish Shah wrote: > > IBD publishes the info regularly but I have never ordered it. > > Regards, > Shah > 408-525-4263 > > On Fri, 16 Jun 2000 asosis@ca.ibm.com wrote: > > > > > > > How do you select the 'top' two stocks using IBD? Is this ranking > > published somewhere? > > > > Thank you, > > Anna > > > > > > Pritish Shah on 06/16/2000 04:07:53 PM > > > > Please respond to canslim@lists.xmission.com > > > > To: canslim@lists.xmission.com > > cc: > > Subject: [CANSLIM] Monitoring the leaders > > > > > > > > > > > > Hi, > > > > I was wondering if anyone is using the following strategy: > > > > 1) Select the top 40-80 industry groups > > 2) Select the top 2 stocks from each industry group > > 3) Daily print out small chart (something similar to the IBD stocks in > > news section) > > 4) Buy or Get ready to buy any stock that is breaking out or about to > > breakout. > > > > > > I know I might get flamed for writing this email because this is exactly > > what we are supposed to do so what is different: > > > > For one -- it is focused on some 80 to 160 stocks that are the leaders. > > > > > > Regards, > > Shah > > 408-525-4263 > > > - - -- - -------------------------------------------------------------- Eric Shen MS LOC3-8 / / / Level One Communications email: eshen@level1.com | | |_/ an Intel company Tel: (916) 855 5177 | |___/ 9750 Goethe Road ext: 4497 |_____/ Sacramento, CA 95827 - - ------------------------------ Date: Fri, 16 Jun 2000 18:54:02 -0500 From: "Don Canfield" Subject: Re: [CANSLIM] Distribution on the NYSE Ah -- This brings up something I've been wondering about. Is it valid to view the action of an index the same as one would an individual stock, in terms of cups and handles? I agree, a very interesting potential handle is forming on the NAZ, if it's legitimate to see this kind of thing in an index. What I've been looking for in this index is a head and shoulders bottom, with the neckline being right along the current handle. That would make us still waiting for the right shoulder. It makes me nervous to see it sitting right there. Is it about to break out as if from a handle, or is it about to throw itself off the cliff? Sorry I haven't introduced my self to the list. I've been lurking for about 2 weeks, and studying canslim for about 6 months. This is on top of maintaining a decent portfolio with nice gains for about 8 years, thought mostly ltbh strategy. I'm intrigued with the canslim approach, have read O'Neil's book 3 or 4 times (as well as others that support the technical premise) and feel I have a good grasp on the principles. I'm lurking here and other places to get more in tune with the nitty gritty. Thanks, Don - ----- Original Message ----- From: Rocky Sanghvi To: Sent: Friday, June 16, 2000 4:51 PM Subject: RE: [CANSLIM] Distribution on the NYSE > Distribution on the big board. heavy volume over 1.2 billion. lost about > 2%. Any thoughts on this? Will this pull down the other Indices? Nasdaq > seems to be setting up with a nice cup and handle formation as leading > stocks get in position. > > Cheers > Rakesh > > - > - - ------------------------------ Date: Fri, 16 Jun 2000 20:57:31 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Distribution on the NYSE First, Don, thanks for introducing yourself and joining in. I am pleased to see so many new members (or old lurkers) entering the fray of our discussions here, it really adds value and content. I am a firm believer that you can interpret chart patterns of indexes much like individual stocks, so long as you remember that they are composites. For example, if I want to look at the NYSE, I don't even consider the Dow 30, I look at the NYSE Composite Index chart at DGO (if you want to only focus on big caps, use the S&P500 instead). It shows that today it dropped 1.18% (well under the 2% mentioned, but still a notable drop). I also note that the Financials, which had been showing at least strong secondary leadership potential to the techs, dropped about 3.6% on earnings warnings, so news related. But when I look at the chart of NYSE Comp, I see a consistent and dramatic rise in the lows, while the highs continue to bump into resistance at 660. So even with today's drop, another 3% puts this index at an all time high. The chart gives me a clear wedging up pattern, with the potential for a full blown breakout. It wants to go up. When I look at the Naz Comp, I see a chart with a strong uptrend that was finally broken in early March, followed by a bloody and expensive selloff (correction). For the past two weeks I see finally a consolidation. Maybe this is the handle to a cup, tho the cup at DGO is not that clear. For my part, I just see a two week consolidation, and on under average volume. Whether this means it is safe to get back into Naz stocks, looking for a breakout overall of the index, or just that there are now individual stocks worth watching or buying remains to be seen. This two week consolidation does, however, give me confidence that the worst of the damage has been done, so an individual stock that is compelling gains greater value and opportunity in terms of "M". There is an even greater danger in anticipating what an index chart will show you as compared to an individual stock chart. It is far too easy to unconsciously impose your own expectations onto the ultimate results, and end up misinterpretating the chart. That is a function of its composite character. But when an index chart, such as Naz, is clearly showing a base, that means that some members are breaking out while others are dogging it. It becomes important to search out those leaders breaking out, and examine how they are doing individually. If they continue to move higher, it is likely the rest will soon follow. Likewise with the NYSE Comp, it is important to identify which ones are the ones consistently moving this index up to bump the resistance at 660. They are the potential leaders once the laggards stop dragging them back (and each time to ever higher levels). Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ----- Original Message ----- From: Don Canfield To: Sent: Friday, June 16, 2000 7:54 PM Subject: Re: [CANSLIM] Distribution on the NYSE Ah -- This brings up something I've been wondering about. Is it valid to view the action of an index the same as one would an individual stock, in terms of cups and handles? I agree, a very interesting potential handle is forming on the NAZ, if it's legitimate to see this kind of thing in an index. What I've been looking for in this index is a head and shoulders bottom, with the neckline being right along the current handle. That would make us still waiting for the right shoulder. It makes me nervous to see it sitting right there. Is it about to break out as if from a handle, or is it about to throw itself off the cliff? Sorry I haven't introduced my self to the list. I've been lurking for about 2 weeks, and studying canslim for about 6 months. This is on top of maintaining a decent portfolio with nice gains for about 8 years, thought mostly ltbh strategy. I'm intrigued with the canslim approach, have read O'Neil's book 3 or 4 times (as well as others that support the technical premise) and feel I have a good grasp on the principles. I'm lurking here and other places to get more in tune with the nitty gritty. Thanks, Don - ----- Original Message ----- From: Rocky Sanghvi To: Sent: Friday, June 16, 2000 4:51 PM Subject: RE: [CANSLIM] Distribution on the NYSE > Distribution on the big board. heavy volume over 1.2 billion. lost about > 2%. Any thoughts on this? Will this pull down the other Indices? Nasdaq > seems to be setting up with a nice cup and handle formation as leading > stocks get in position. > > Cheers > Rakesh > > - > - - - - ------------------------------ Date: Fri, 16 Jun 2000 21:22:03 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Monitoring the leaders Not at this time. There is some promise of a future upgrade, but don't know if this will be included. It likely will depend on user/subscriber demands for it, as they are responsive to this. Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - ----- Original Message ----- From: Eric Shen To: Sent: Friday, June 16, 2000 6:52 PM Subject: Re: [CANSLIM] Monitoring the leaders Does DGO have a way to get industry lists? Eric - - ------------------------------ Date: Fri, 16 Jun 2000 22:07:42 -0700 From: "Dave" Subject: Re: [CANSLIM] Distribution on the NYSE Rakesh, You must take today's NYSE volume liberally since today was a triple witching. Many trades that occurred today have "other agendas" as they are unwinding derivative strategies. In fact, this whole funky week had "strange" trading due to derivative trading. Next week should give a much clearer trading signal and a likely breakout of the NAZ range. DSquires - ----- Original Message ----- From: "Rocky Sanghvi" To: Sent: Friday, June 16, 2000 2:51 PM Subject: RE: [CANSLIM] Distribution on the NYSE > Distribution on the big board. heavy volume over 1.2 billion. lost about > 2%. Any thoughts on this? Will this pull down the other Indices? Nasdaq > seems to be setting up with a nice cup and handle formation as leading > stocks get in position. > > Cheers > Rakesh > > - > - - ------------------------------ Date: Fri, 16 Jun 2000 23:59:42 EDT From: Mhboatman@aol.com Subject: Re: [CANSLIM] Monitoring the leaders IBD publishes Industry Group and Ticker Symbol Index semiannually. This book is in two sections -- one lists stocks by industry group. Order from IBD's Investment Library @ 800 815-6300. Cost? Maybe $20 or less, not sure. Very helpful. - - ------------------------------ Date: Sat, 17 Jun 2000 08:09:02 -0400 From: "Tom Worley" Subject: [CANSLIM] DGO List - Part 1 Well, the list thinned some this week, not too surprising given the week's performance, and down to 158 from the prior week's 169. Still in line with the week before that when 152 of the stocks in DG's books were within 5% of their 12 month high, and also had RS and EPS of 80 or better. As always, Bx is my shorthand for Base where x is my opinion of how many weeks. ADCT - looking more and more like a LLUR (lower left, upper right - not pure CANSLIM) ATMS - another nice breakout by a small cap, now getting into mainstream pricing, trailing PE at 34 but projected PE only 24 TECH - handle formed too high (I am seeing more of these, BTW), yet look what it did since! ANEN - heck of a nice move, even absorbing a split along the way, now B1 TWP - base on base, nearly B3 SLNX - handle just a touch too high, but volume declining CVG - B2 ADI - double bottom not quite perfect, didn't undercut, handle a touch too high, but in 2nd week NOK - B2 well placed SANM - B2 SHFL - another small cap doing well, now B2 MEDQ - B4, volume declining FII - B2 ADBE - sloppy but long trading range/base, latest earnings and sales just released powerful RHI - B7 AC - B2 BEIQ - good example of a base below the high, now too extended MXIM - B2, good CANSLIM LFUS - B2 LM - trying to break out from a very short handle, possibly reaction to Lehman's earnings GBCB - B3 LLL - B3 SEIC - nearly a B3 THX - almost a B3 FISV - base on base KP - B2+, LLUR??, lot of insider selling CGP - B5 TEVA - B2 GNWR - b/o failed, back to B4 Tom Worley stkguru@netside.net chat with me at ICQ # 5568838 get ICQ software at http://www.icq.com/icqhomepage.html - - ------------------------------ End of canslim-digest V2 #925 ***************************** 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.