From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #943 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 Thursday, July 6 2000 Volume 02 : Number 943 In this issue: [CANSLIM] M RE: [CANSLIM] M RE: [CANSLIM] M [CANSLIM] GBL (Gabelli Asset Management) [CANSLIM] DRAM Chart Re: [CANSLIM] DRAM Chart Re: [CANSLIM] DRAM Chart Re: [CANSLIM] M [CANSLIM] Re: 3 of 4 stocks follow the overall market [CANSLIM] Changewave Investing RE: [CANSLIM] DCTM, IMPH ---------------------------------------------------------------------- Date: Wed, 05 Jul 2000 14:05:06 -0700 From: Tim Fisher Subject: [CANSLIM] M Hate to say "I told you so..." but this does not look good. NAZ closed below the support at 3880. I think this mini-rally is dead. I got scared Monday & put tight stops on everything. This is an across-the-board drop, with many of the leaders taking it solidly on the chin. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Wed, 5 Jul 2000 17:27:51 -0400 From: Rocky Sanghvi Subject: RE: [CANSLIM] M actually at 1.3B volume I am not too worried. We may correct a little bit - maybe even to the 3500 level BUT the trend has been established - its UP. Hard to hide institutional tracks....Also I had mentioned in a prior posting why the Fed is done. As WON likes to say Look at what the market have already done... (which is popped the leaders and set up multitude of other strong EARNINGS stocks...) I am looking at this correction to buy more stocks like DPAC (IBD rating of AAAA), BRCM and GSLI. KEI was long overdue a correction. Probably should fall for a bit now. Rakesh - -----Original Message----- From: Tim Fisher [mailto:tim@OreRockOn.com] Sent: Wednesday, July 05, 2000 5:05 PM To: canslim@lists.xmission.com Subject: [CANSLIM] M Hate to say "I told you so..." but this does not look good. NAZ closed below the support at 3880. I think this mini-rally is dead. I got scared Monday & put tight stops on everything. This is an across-the-board drop, with many of the leaders taking it solidly on the chin. Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - - - ------------------------------ Date: Wed, 05 Jul 2000 14:36:33 -0700 From: Tim Fisher Subject: RE: [CANSLIM] M We'll see which interpretation is correct in the coming weeks. I think churning with no significant progress is the order of the day until the next FOMC meeting. These earnings warnings have been ongoing and are finally doing their thing to the tech sectors. Be careful of catching a falling knife. Been there, done that... On 02:27 PM 7/5/00, Rocky Sanghvi Said: >actually at 1.3B volume I am not too worried. We may correct a little bit - >maybe even to the 3500 level BUT the trend has been established - its UP. >Hard to hide institutional tracks....Also I had mentioned in a prior posting >why the Fed is done. > >As WON likes to say Look at what the market have already done... (which is >popped the leaders and set up multitude of other strong EARNINGS stocks...) > > >I am looking at this correction to buy more stocks like DPAC (IBD rating of >AAAA), BRCM and GSLI. KEI was long overdue a correction. Probably should >fall for a bit now. > >Rakesh > > >-----Original Message----- >From: Tim Fisher [mailto:tim@OreRockOn.com] >Sent: Wednesday, July 05, 2000 5:05 PM >To: canslim@lists.xmission.com >Subject: [CANSLIM] M > > >Hate to say "I told you so..." but this does not look good. NAZ closed >below the support at 3880. I think this mini-rally is dead. I got scared >Monday & put tight stops on everything. This is an across-the-board drop, >with many of the leaders taking it solidly on the chin. > >Tim Fisher >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > >Tim@OreRockOn.com >WWW: http://OreRockOn.com >See naked fish and rocks! > > >- > >- Tim Fisher Ore-Rock-On and Pacific Fishery Biologists WWW Sites Tim@OreRockOn.com WWW: http://OreRockOn.com See naked fish and rocks! - - ------------------------------ Date: Wed, 05 Jul 2000 19:33:16 -0400 From: Pierre Lapointe Subject: [CANSLIM] GBL (Gabelli Asset Management) Thanks to all who took the time to comment on GBL. The volume as David Lawson pointed out just isn't there and I'm feeling a little claustrophobic right now so I think I should exit this position ASAP. Thanks again Pierre Lapointe - - ------------------------------ Date: Thu, 6 Jul 2000 08:50:36 -0400 From: "John Lloyd" Subject: [CANSLIM] DRAM Chart I would like opinions on the chart for DRAM Thanks - - ------------------------------ Date: Thu, 6 Jul 2000 09:05:27 -0400 From: "david lawson" Subject: Re: [CANSLIM] DRAM Chart Pivot point was 25.125.B/o on 6/21 with heavy volume.Over extended right now. Needs to make a new base. Just my opinion. Ari - ----------------------------------------------------- - ----- Original Message ----- From: John Lloyd To: canslim Sent: Thursday, July 06, 2000 8:50 AM Subject: [CANSLIM] DRAM Chart > I would like opinions on the chart for DRAM > > Thanks > > > - > > - - ------------------------------ Date: Thu, 06 Jul 2000 09:27:15 -0400 From: kraus0r@cs.com Subject: Re: [CANSLIM] DRAM Chart My opinion differs stlightly on pivot point. I think the pivot was 26.25, but I think the difference lies in taking the intraday high or the close on the left side of the handle. However, I don't think we're extended yet. While the 10 dma is now a good bit over the 50/200 dmas, the stocastics are nowhere near overbought. From some trend lines i've drawn out, I see DRAM going to 40-45 before a new base sets in. Roger canslim@lists.xmission.com wrote: > > Pivot point was 25.125.B/o on 6/21 with heavy volume.Over extended right > now. Needs to make a new base. Just my opinion. > >                                                               Ari > ----------------------------------------------------- > > ----- Original Message ----- > From: John Lloyd > To: canslim > Sent: Thursday, July 06, 2000 8:50 AM > Subject: [CANSLIM] DRAM Chart > > > > I would like opinions on the chart for DRAM > > > > Thanks > > > > > > - > > > > > > > - > > - - ------------------------------ Date: Thu, 06 Jul 2000 11:35:30 -0400 From: Walter Stock Subject: Re: [CANSLIM] M Hi Tim, I have to agree. Market is ugly. Six distribution days in the last three weeks is too many. Leading stocks that I track are breaking down badly. Today's IBD shows bullishness has risen 1.4% (!) this week to 51.4%. Bearishness is up too, but only by 0.4%. Back to cash in last 24 hours. Took profits in some holdings, and losses in others (didn't wait for any stop losses to trigger in this kind of environment). The good news? The Nasdaq is close to its 200 DMA. We may get a good bounce there, in which case I will be back in quickly. For now though I'm protecting my capital. Walter Stock Oakville, ON, Canada Tim Fisher wrote: > We'll see which interpretation is correct in the coming weeks. I think > churning with no significant progress is the order of the day until the > next FOMC meeting. These earnings warnings have been ongoing and are > finally doing their thing to the tech sectors. Be careful of catching a > falling knife. Been there, done that... > > On 02:27 PM 7/5/00, Rocky Sanghvi Said: > >actually at 1.3B volume I am not too worried. We may correct a little bit - > >maybe even to the 3500 level BUT the trend has been established - its UP. > >Hard to hide institutional tracks....Also I had mentioned in a prior posting > >why the Fed is done. > > > >As WON likes to say Look at what the market have already done... (which is > >popped the leaders and set up multitude of other strong EARNINGS stocks...) > > > > > >I am looking at this correction to buy more stocks like DPAC (IBD rating of > >AAAA), BRCM and GSLI. KEI was long overdue a correction. Probably should > >fall for a bit now. > > > >Rakesh > > > > > >-----Original Message----- > >From: Tim Fisher [mailto:tim@OreRockOn.com] > >Sent: Wednesday, July 05, 2000 5:05 PM > >To: canslim@lists.xmission.com > >Subject: [CANSLIM] M > > > > > >Hate to say "I told you so..." but this does not look good. NAZ closed > >below the support at 3880. I think this mini-rally is dead. I got scared > >Monday & put tight stops on everything. This is an across-the-board drop, > >with many of the leaders taking it solidly on the chin. > > > >Tim Fisher > >Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > > >Tim@OreRockOn.com > >WWW: http://OreRockOn.com > >See naked fish and rocks! > > > > > >- > > > >- > > Tim Fisher > Ore-Rock-On and Pacific Fishery Biologists WWW Sites > > Tim@OreRockOn.com > WWW: http://OreRockOn.com > See naked fish and rocks! > > - - - ------------------------------ Date: Thu, 06 Jul 2000 11:35:32 -0700 From: han.26@osu.edu Subject: [CANSLIM] Re: 3 of 4 stocks follow the overall market Yeah Earl, you're right. P/Es of market averages don't matter... - - ------------------------------ Date: Thu, 6 Jul 2000 13:48:03 -0700 (PDT) From: Steve F Subject: [CANSLIM] Changewave Investing I just read the business best seller "Changewave Investing" by Tobin Smith. To me, it seems more like an infomercial for his "Changewave" web site than anything else. It is interesting to note, however, that what he is trying to sell on his web site is pretty much what we all are doing here. He is trying to get a bunch of technology professional to contribute information to be shared by all. Any comments would be appreciated Steve Faust __________________________________________________ Do You Yahoo!? Send instant messages & get email alerts with Yahoo! Messenger. http://im.yahoo.com/ - - ------------------------------ Date: Thu, 6 Jul 2000 20:43:55 -0400 From: Rocky Sanghvi Subject: RE: [CANSLIM] DCTM, IMPH Would you guys consider the following stocks? DCTM and IMPH? Especially interested in DCTM. Would you consider it close to/at pivot right now? Thanks Rakesh - - ------------------------------ End of canslim-digest V2 #943 ***************************** 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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