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From: canslim-owner@xmission.com To: canslim-digest@xmission.com Subject: canslim Digest V1 #84 Reply-To: canslim@xmission.com Errors-To: canslim-owner@xmission.com Precedence: canslim Digest Saturday, 15 February 1997 Volume 01 : Number 084 In this issue: Re: [CANSLIM] Stock manipulation Re: [CANSLIM] Stop Loss Strategy [CANSLIM] Pivot Points Expl. for New List Members [CANSLIM] CANSLIM List Archives Exist! Re: [CANSLIM] Stop Loss Strategy Re: [CANSLIM] AMES, NBTY, CMCI Re: [CANSLIM] Stock manipulation RE: [CANSLIM] Tom's market comments and a correction (Don't worry not a market one.) [CANSLIM] Free Charting service Re: [CANSLIM] Stock manipulation Re: [CANSLIM] SUNW Re: [CANSLIM] Stock manipulation [CANSLIM] The journal of a novice investor. See the end of the digest for information on subscribing to the canslim or canslim-digest mailing lists and on how to retrieve back issues. ---------------------------------------------------------------------- From: Joan Sherman <joani@mindspring.com> Date: Sat, 15 Feb 1997 10:13:47 -0500 Subject: Re: [CANSLIM] Stock manipulation Tom, Maybe you should send these magazines your take on the industry. They'll continue to write "trash" until knowing people speak up. I'm feeling sad that you have to refer to Valentine's Day with pain. Would she have wanted you to feel this way? I'll bet she's sending you a really big hug. Try and feel it. Joan Joan Sherman, /\~~~/\ /\~/\ /\~/\ and Pound Ridge > < Babe, ^ ^ ^ ^ Courtney and NY > * * < our Clapton, a Calico Samoyed and a Maine Coon Our wonderful rescues! And our newest sweet Sammy, Lucky! ------------------------------ From: Zoran Mitrovski <zmitrov@ee.rochester.edu> Date: Sat, 15 Feb 1997 11:03:49 -0500 (EST) Subject: Re: [CANSLIM] Stop Loss Strategy I personally don't calculate the 8% and then put the stop wherever the calculation says I should. I study the chart of the stock and look for precedents for the present case and the stock's normal behaviour. After that I figure out the level at which there would be a very high probability of a failed breakout and I put the stop there. Then depending on the risk that I am taking, I figure out the position by calculating the absolute amount of dollars I am prepared to lose on that trade in case the stop gets hit. I believe this to be a great way of managing risk. Say, the breakout looks strong to you and you also have the feeling that this baby has lots more fuel in it but you are a bit late to have caught it right at the pivot. Then the above rule would still let you get on it but with a much smaller position than you would throw in the perfect case. This goes along the lines of some of my previous comments on how I like to "go for the jugular" when everything is perfectly lined up for success. I meant to say that there is nothing wrong with sizing your position to match the risk you are taking. If the technically derived stop gives you the probable % loss on that trade, the size of your position should decide what % of your total assets you are prepared to risk on that trade. It just happens that in the perfect case the probable % loss is sufficiently small which allows you to even ramp up the margin and ... well "go for the jugular". (I just like this Soros' phrase). I just love HDCO. I got in with some more on what looked like a second 50 dma bounce at 51 3/4. With a stronger position to boot. I got out yesterday cause the earnings may be out soon. I'm especially proud of myself for being so patient on this one, and that's exactly a result from the first position being small enough to give me the freedom to stick to it and even add more at the second bounce. On diversification... You can diversify both in 'stock' domain AND in 'time' domain. The second approach gives you more flexibility in position sizes for the cases when the odds are stacked highly in your favor. So if I enter a trade with a significant portion of my portfolio I do it ONLY in the cases where the high probability of success warrants it. You minimize risk by letting your money ride more predictable moves for a short amount of time, i.e. untill the predictability fades out. I don't see why riding 6 stocks at different times and in a more controlable environment (diversification in 'time' domain), should be any riskier than having all 6 of them permanently in your portfolio (diversification in 'stock' domain). Perhaps this sounds like a load of crap to most of the members of the list, and it is highly likely that it IS a load of crap, considering my investing experience. But I'd rather practice heresy while I'm learning than playing with it when the real big money come at stake. Please remember that I am abslotutely prepared to lose ALL the money that I presently play with, which may not be the case with most of the canslimers here. I am also pretty satisfied by my results so far. OK, back on my head. I'm all in cash now and I have my dissertation outlined with my advisor, so I only have to sit down and write the darn thing. (Craig, I know how you feel after seeing how much can be writen without any intention whatsoever. ;^)) Oh, yeah, Johan, NBTY indeed looks good to me. I'd also watch NATS if I had the time. ;^) I don't know about AMES, though. They are too extended and they are a discount retailer with a forward PE of 17, for crying outloud. ;^) Cheers, Zoran http://www.seas.rochester.edu:8080/ee/users/zmitrov/home.html ------------------------------ From: Craig Griffin <cagriffin@mindspring.com> Date: Sat, 15 Feb 1997 13:09:30 -0500 Subject: [CANSLIM] Pivot Points Expl. for New List Members Here is an address from the CANSLIM list archives (which we all just found out about, thanks David Cameron!). At the bottom of this particular archive is a post which describes pivot points in some detail (from Feb 1, 1997). Point your web browser to: ftp://ftp.xmission.com/pub/lists/canslim/archive/v01.n068 ------------------------------ From: Craig Griffin <cagriffin@mindspring.com> Date: Sat, 15 Feb 1997 13:09:32 -0500 Subject: [CANSLIM] CANSLIM List Archives Exist! Thanks to David Cameron for bringing this to our attention. Thanks again to Jeff Salisbury for providing the list server. You can access the archives 2 ways: 1) via your web browser at: ftp://ftp.xmission.com/pub/lists/canslim/ Click on either "archive" or "latest" and browse away. 2) via email: Send an email to majordomo@xmission.com with the following as the body of your message: "index canslim". Then send a follow up email to request an old email from either the "archive" or "latest" directory. Note that your request must be in the body of your email. For example: "get canslim latest/001" will retrieve file "001" from the "latest" directory. "get canslim archive/v01.n066" will retrieve file "v01.n066" from the "archive" dir. Best regards, Craig ------------------------------ From: "tom worley" <stkguru@netside.net> Date: Sat, 15 Feb 1997 13:47:14 -0500 Subject: Re: [CANSLIM] Stop Loss Strategy Zoran, when you talk of limiting your actual dollar loss by limiting the size of the position and where you set your stop loss, remember that a stop loss converts to a market sell when the stop is triggered. Thus if the stop is at 48 7/8, and the stock gaps down to 44, your stop is converted to a mkt sell and you will be executed somewhere around 44, well below your stop. If you want to maintain control in these kinds of conditions, try a stop limit. This involves two prices, one for the stop, and the other for what then becomes a sell limit. Typically put the limit a little below the stop, altho some will put it above the stop hoping for a bounce (this latter of course would be useless in a severe gap down like my example). I also concur in other's suggestions to never set a stop at an even dollar point, go an eighth above or below, and be especially careful of "decade" nrs (20, 30, 40), there you may want to go a quarter or more away, since so many now use an eighth. I would never set an arbitrary percentage limit, it is just a guide. The chart should be your ultimate decision maker on where to place it. just a thought tom w - ---------- > From: Zoran Mitrovski <zmitrov@ee.rochester.edu> > To: canslim@xmission.com > Cc: Zoran Mitrovski <zmitrov@ee.rochester.edu> > Subject: Re: [CANSLIM] Stop Loss Strategy > Date: Saturday, February 15, 1997 11:03 AM > > risk that I am taking, I figure out the position by > calculating the absolute amount of dollars I am prepared > to lose on that trade in case the stop gets hit. > ------------------------------ From: Johan Van Houtven <Johan.VanHoutven@ping.be> Date: Sat, 15 Feb 1997 20:42:16 +0100 Subject: Re: [CANSLIM] AMES, NBTY, CMCI Tom Wrote: >Nice list Johan, two new highs on Friday. However, I am confused, >"small caps" are usually those with a market cap (valuation on the >shares outstanding) of 50 to 100 million depending on who you talk >to. Are you using a different criteria to include these? (NBTY for >example has a mkt cap of about $460 mil). Thank you for noting this Tom. In my mind I defined large caps as the big ones out there like NKE, MSFT, SUNW, INTC, SEG, WDC, theones that make up the DJIA, etc. All the smaller ones, less known ones, and cheap shares (<20 - 25) as small cap. That was not a correct or logical way. So from now on I'll use the definition you presented above. Small cap: market cap between 50 - 100 million. Every one agree with this? >I hope you caught these early as they appear very extended over bases >and 50/200MDA now. The ones I mentioned first were indeed only stocks I already owned. >I like the earnings reports on AMES, NBTY but am >suspicious about CMCI (went from 11 cent loss to 11 cent gain on only >a 11% growth in revs). After I read Nicolas Darvas' book 'How I made $2,000,000 in the Stock Market' I am leaning towards his approach of not getting to much into such details. I look primarily at volume and price. The stock had been firming forming a base the last few weeks on decreasing volume. Based on eps estimates and industry p/e the stock is worth much more. Those two were enough for me to initiate a pilot buy a few days ago. And I'm quite happy with the last two days action I saw. BTW, when I was reading the book I was amazed about how much his approach resembles that of O'Niel (or vice versa B^). ------------------------------ From: "tom worley" <stkguru@netside.net> Date: Sat, 15 Feb 1997 14:02:42 -0500 Subject: Re: [CANSLIM] Stock manipulation Thanks for the suggestion Joan, but the likes of me will never change Forbes, they are in bed with the blue chips, and a divorce isn't going to happen, they are, after all, their advertisers and that's really where they make their money. Subscriptions just pay the overhead. Thank you for your thoughts concerning Valentine's Day (and it brought me to tears which is ok, I am still grieving at the loss of my wife and companion), but it will forever be a bittersweet day for me, and I can't change that. My depression is just something I must fight thru, and I had been doing a pretty good job for the first year, even got thru the actual anniversary of her death pretty well since otherwise it was not a special day unless you are a groundhog (she died on Groundhog Day, which I hadn't even realized at the time and just figured out this year from the news - I think she would like that since it marks the early return of spring). Hopefully this weekend I will be able to bring myself to reviewing Thursday and Friday's market, and posting a summary mkt comments. After all the mkt did nicely break 7000, even if it didn't finish the week there. Didn't get my predicted 250 to 300 pts for the week, but still I am satisfied with how it is going. Again, thanks for the thoughts tom w - ---------- > From: Joan Sherman <joani@mindspring.com> > To: canslim@xmission.com > Subject: Re: [CANSLIM] Stock manipulation > Date: Saturday, February 15, 1997 10:13 AM > > Tom, > Maybe you should send these magazines your take on the industry. They'll > continue to write "trash" until knowing people speak up. I'm feeling sad > that you have to refer to Valentine's Day with pain. Would she have > wanted you to feel this way? I'll bet she's sending you a really big > hug. Try and feel it. > Joan ------------------------------ From: Johan Van Houtven <Johan.VanHoutven@ping.be> Date: Sat, 15 Feb 1997 20:42:13 +0100 Subject: RE: [CANSLIM] Tom's market comments and a correction (Don't worry not a market one.) At 10:22 AM 2/14/97 -0700, you wrote: >I received a file with this message but am unable to open it to read it.. >What is the format and how should I open it??? > >Thx Jim Andrews Phoenix Do worry about it. Linda's email reader automatically also attaches her email as a file. The file contains the same as what you read on your screen when you look at the amial message. >At 12:04 PM 2/10/97 -0500, you wrote: >>Tom, >> >>I for one would have no complaints about receiving these >>through the canslim list. It's only been my procrastination >>society meetings that have kept me from subscribing... >> >> -Linda >> >> >>Attachment Converted: "c:\internet\eudora\Attach\RE [CANSLIM] Tom's market >comm" >> > > ------------------------------ From: Johan Van Houtven <Johan.VanHoutven@ping.be> Date: Sat, 15 Feb 1997 20:42:32 +0100 Subject: [CANSLIM] Free Charting service Another nice free charting service: http://www.iqc.com/IQChart/ ------------------------------ From: Johan Van Houtven <Johan.VanHoutven@ping.be> Date: Sat, 15 Feb 1997 20:42:30 +0100 Subject: Re: [CANSLIM] Stock manipulation Tom wrote: >both because I take an attack on my industry seriously But please don't take it personally Tom. You should know by now that I respect you a lot. That does not have to mean that I have to agree with you on everything, I hope. Fair enough? >as well as I consider you to be a seasoned investor, Thanks Tom, but I do not deserve that! I would prefer that you consider me a beginner, a novice, because that is am. I started investing January 20th 1996 to be precise. I've made lots of mistakes (maybe that's why I liked Darvas book so much. Hope to become as good as he. ;^) and make and will make more mistakes. I do however try to learn from my mistakes. So I don't look at mistakes as terrible things, but as learning opportunities. >As I said before, Forbes is trash and the articles they vomit on the >public are actually believable if you don't have all the facts. There was a another article about market mainpulation (not related to the Forbes article) in Business Week a few weeks (months) ago. It was about how the mob has infiltrated some stocks. It reported how some market makers where physically threatened or really physically harmed when they did not listen to their 'advice'. I know someone referred to such an article in the Canslim Coast to Coast thread at www.techstocks.com. Just found another reference: http://talk.techstocks.com/~wsapi/investor/s-7299/reply-230 " The MOB on Wall Street article in the Dec 16 issue of Business Week gives a good deal of insight into manipulation in stocks. Anyone interested in manipulation should look this up. It is available on some of the on line services. " >Your third URL simply seems to tie the first two in and repeat the >same garbage, thus contributes little except to continue the same BS >attitude that they are out to get us. Yes, the market makers are out >to make money, that's true, but so are we. Some NOT all. Some MMs, not all of them. >Johan, if you can believe this trash, then many others with less >experience will also. I put no time frame on when I will complete my >investigation, and it WILL be an investigative report using my years >of experience with the US Coast Guard doing narcotics and law >enforcement investigations, before I submit my report. I'm looking forward to it. If I had know you were going to be so upset about this, I'd never has posted the URL's. ------------------------------ From: "Fred J. Sabour" <fjsabour@cwia.com> Date: Sat, 15 Feb 1997 13:56:51 -0800 Subject: Re: [CANSLIM] SUNW Craig, Thanks. Very well explained. I can only add some indicator interpretations to your comments. 1. Both 14 and 28 day stochastics show overbought conditions 2. Bollinger bands show overbought condition 3. Long term MACD shows a nice uptrend. Mid and short term MACD shows cloudy skies ahead 4. On daily charts notice low volume on the latest leg up, indicating possible trouble ahead. 5. Why not consider a larger cup started forming in Oct. 96 at $34+ and wait for the handle to form (in line with expected short term weakness described above) Cheers, Fred - ---------- > From: Craig Griffin <cagriffin@mindspring.com> > RE: SUNW - big cap tech stock, long term historical winner. > > >From the chart: > In addition to the two items you mentioned (breaking the downtrend line and > the cup that seems to have formed), I like the series of 3 or 4 higher lows > that SUNW has put in over the last year. I also like the weekly extreme dry > up in volume that shows up when it put its most recent low (the week ended > 1/3/97). I like that gap up a couple of weeks ago on high volume. And I > like the very tight upward trading range it has shown over the last couple > of weeks. It also has been either up or unchanged on each of the last 5 > weeks (assuming that it closes above 34 today, 2/14/97). Those are some > chart positives, read along for negatives in the last paragraph. > > >From DG: > At the time of my post I had not looked at DG on any of the stocks. A brief > glance at SUNW shows that it handled the recent 2/1 split well (often the > extra float from a split will cause a stock to have a mini-collapse and not > come back for a while - contrary to popular belief - SUNW bounced back > quickly). All the fundies look good (growth rate, 5 yr eps history, ret on > equity, recent earnings are ok). GRS is 93. EPS is 95. > > On the negative side from DG - the Relative Strength line is in a long term > downtrend and is low at 58 (from 2 week old DG). > > >From the chart: > Recent chart negatives: recent price action looks a bit like "wedging" to my > mind. Maybe someone can jump in here and talk about wedging - I'm no expert > on it. Similar action in Sept-Oct of 1996 at this same price level led to a > drop. The difference this time is that a sort of drooping down handle formed > over a two week period starting in mid Jan and the volume sort of dryed up > in this handle. Then on 2/7/97 it had a sort of weak breakout on 10mil > shares. It gapped up again on that day and broke through the pivot at 33 > 3/4. Might be fine. These big caps are sometimes very slow burners off the > launch pad. I'd like to see a big volume burst to the upside to confirm the > b/o (say 14 mil shares). Then I would relax a bit. Could be a well > disguised b/o, could be wedging - kinda hard to read at this point. > > Don't mean to be negative. Just trying to give all sides - full view as > best I can read it. Longer term positive chart, shorter term is not shaping > up as I had hoped in my original post. Hope this is helpful. > > Best regards, > Craig > > ------------------------------ From: musicant@autobahn.org (Dan Musicant) Date: Sun, 16 Feb 1997 04:23:24 GMT Subject: Re: [CANSLIM] Stock manipulation Tom W: I too had a rough time Valentine's Day. Let's hope we fare better next time. You explained having the same problem I suffered: a little too much time to think about things.=20 =46WIW: "The busy bee has no time for sorrow." -- Wm Blake I sometimes wonder exactly what Blake meant by this (I believe it is one of the Proverbs of Hell in the Marraige of Heaven and Hell, his most famous prophetic book), but it simply seems to hold true for me. I only get overcome with sadness when I lose my interest in the things I want to do. It is only then that I can be beset with doubts and uncertainties. Best wishes. Dan ------------------------------ From: musicant@autobahn.org (Dan Musicant) Date: Sun, 16 Feb 1997 05:08:17 GMT Subject: [CANSLIM] The journal of a novice investor. Please forgive what may seem to some of you as a self indulgence, but I would like to post the following journal account of my first week's investing. First a few words of explanation: I have owned stock for most of the last 40 years, but have only recently decided to earnestly attempt to master the art of fruitful investments -- principally in stocks, at least at present. I was invested in a mutual fund for a year or so recently but sold it when I read a doomsayer's article in my local newspaper, and fully expected a major market correction. This was 2 to 3 years ago. I have since missed one of the most spectacular bull markets in history, waiting on the sidelines because I did not know how to proceed. I, like many others, read the papers and have some knowledge just by virtue of my efforts to master my profession, but hesitated and didn't act on my resolution to begin buying stocks.=20 Lately I went to one of William J. O'Neils presentations where he explained the principals of CANSLIM. I since have purchased his book, and, convinced that O'Neil is sincere and that his methods of making investment decisions will (if I can implement them effectively) enable me to succeed in increasing my wealth exponentially. I do, however, see a limitation worth noting: It seems to me that when you achieve a great enough accummulation of assets, the CANSLIM formula begins to fail in some regards, because vast amounts of capital are most easily invested (in stocks) in either *large* companies with large capitalization, or in mutual funds. It is a lot easier to buy or sell 500 shares of stock than 100,000 shares of stock! Anyway, I made the plunge a week ago yesterday, after opening a margin account at E*Trade. You needn't read this (or course) if you do not want to. It is a journal of my first week's investment's activities, written today. As an aside, I should probably add that although I began the week intending to implement the principles of CANSLIM as outlined by O'Neil in his book, as the week progressed I wondered if I would not do well (at least in the short term) to become a "daytrader"! Any comments, advice, criticism is welcome. Thank you. Dan Musicant - - - - - - - - - - - - - - - - - Saturday, 2/15/97 Rocky start. With all my preparation, I was *NOT* ready. I was indecisive. That was my major shortcoming. I should have cut my losses sooner on my first pick, and I should have jumped on the opportunity I finally did jump on for my second pick, a little sooner. Missing *that* entry point cost me $1000 (10% of my stake). My picks and takes were not off, really, although my reading of the chart on the first stock I jumped in on was not sharp -- after all, I am not an O'Neil or an experienced chart reader. Bought SFAM (SpeedFam) at 35 1/4 (Friday, 2-7-97) and the stock immediately started dropping and I was dismayed to find myself at the sell point (if I wanted to cut my losses to 8%) within a day or two. Still, I stalled, and didn't sell. Over night I thought and looked things over and decided that if it didn't start moving up (and in particular if it moved down from it's present point of about 32) I would sell and buy something else (I had my eye on a few issues, of course). I saw a move up in the market and several of my favorites moving up on early trading and lo and behold, SFAM started falling. 31 1/2! Ugh! Sell!! I sold (Wednesday, 2-12-97). When I saw the sell price, I saw that I had caught a lucky rise and the stock had gone for 32. That, at least, saved me $150 off what I anticipated. It was still below the 32 3/8 I figured was my sell point to cut my loss at 8%. A few minutes after inputting my sell order, after some last minute looking at stuff, I put in an order to buy Manugistics (MANU). I found, after a while, that my MANU order was rejected. I called E*Trade and was told (after a 25 minute hold) that the rejection was due to the fact that my sell order had not yet executed, and I would have to put in a new buy order to establish a new position. I did not do so that day, as (even when I made my call to E*Trade) I had decided that my decision to buy MANU had been misguided. Interestingly, it was then about 37 and is now 41. If the order *had* executed (or I had reordered) my position (from my initial one of $10,000) would be approxately even at this point. If I had not sold my SFAM and had waited out the play of things, I would now be ahead! Yesterday they shot up about 12%!! Unforseen by me (certainly) or any of the many many posts I read on SFAM in Techstocks' Stocktalk was the boost (!) resulting from the release of 3 million new shares of the stock (on top of their 11 million shares then current) effective Friday (yesterday). The stock actually shot up 3 5/8 points! Company management decided to guarantee the selling point of the new issue at the then current market price of 32 7/8. [Most of the posts I had seen that anticipated the new issue discussed the question of just how much the "dilution" would bring the price down and how soon it would recover]. It had gone up a point or more in the previous day or two, above my sell point. I would now be about $500 in the black if I had never sold out of this stock! But, alas, my course was to jump in on E*Trade's stock itself (EGRP). I had noticed it dropping in the last week or so from around 18 to under 14, and knew that it was very likely a real bargain at this price, although I had no real way of knowing when it would reach bottom. I had seen a post by David Stuart (in the misc.invest.stocks newsgroup) about how he was making major money on this stock, buying it at low points and selling it at high points, and making a prediction about its immediate future. He had said a week or two before that he intended to wait until this stock dropped to 16 (and buy some more), and expected it then to run up past 20 and settle in at a settling spot, dancing around 25 or so. I remembered what he said and kept a watch on the stock. I noticed as it dipped past 16 on its way down. I watched as it continued to drop lower and lower and for days remain under 16...indeed, below 14 at one point. This coincided with a general turndown in the markets, especially the NASDAQ. Having been shaken out of SFAM, I noticed that EGRP had started climbing. After a day of a 3/4 rise or so, I resolved to watch the market open and jump in on something as it was apparent that a NASDAQ rally of some force was in effect, and I had an opportunity to make up my loss (about 10% on my stake) in very short order if I picked the right stock. I saw Adaptec (ADPT) making a charge, and EGRP. ADPT had escaped my attention. It had fallen very sharply from over 40 to 35. I had studied this very simple and obvious chart carefully and knew that a rally on Nasdaq was almost certain to coincide with a 3/2 or 2x increase (that much more percentage gain than the average stock) in this very solid and well traded security. An overreaction to tangential news that had sent it down in a kneejerk to 35 was a perfect opportunity to make a fast profit. But I saw it too late, after the fact, basically, as it had already climbed to about 39. I wisely stayed away from this. It has since fallen back to 37.875 from 40, in (I think) an inexplicable weakness, and I think it's an opportunity at this point, but it will take a couple of weeks to mature (I think it will be at 43 in a couple of weeks...take a look! 2/15/97). Anyway, I saw EGRP at almost 16 then and I decided that although it was far off the bottom of 13 7/8 or so, it was now or never on this opportunity to capitalize on Stuart's tip. I put in my buy order at this point, an hour and a half or two after the market opened on Thursday 2/13/97 and although my research showed the stock at 15 7/8, my buy point worked out to be 16 1/8. Subsequent to that it was still trading at 15 7/8. I was showing a 2% loss already! The stock hung around there and at almost closing time it showed 16 or 16 1/8. To my delight I found that after the markets closed, it was at 16 3/8! My first paper profit for the day -- a cause for celebration! It was a major rally on NASDAQ of 27.45 points as the DOW finished over the 7000 mark for the first time in history. Yesterday (Friday) EGRP continued its climb, as I figured it *had* to with that kind of upward momentum (given its past performance -- the charts). It went up a point, but stalled there and started settling back. Maybe I should have sold, but I watched and watched as it closed up 1/2 at 16 7/8 as the NASDAQ closed down slightly, -3+ points. I am not happy about this, since the stock has obviously lost its upward momentum (by all appearances) and I am anxious about what may happen Tuesday when the markets reopen. If it starts down I think I will have to dump it. Meantime I shall look around for good ideas. There are undoubtedly good candidates for major runups next week. If I can spot one, I can be in the Black by Wednesday evening, barring bad timing or inadvisable inaccuracy in my estimation of the horizon.=20 ------------------------------ End of canslim Digest V1 #84 **************************** To subscribe to canslim Digest, send the command: subscribe canslim-digest in the body of a message to "majordomo@xmission.com". If you want to subscribe something other than the account the mail is coming from, such as a local redistribution list, then append that address to the "subscribe" command; for example, to subscribe "local-canslim": subscribe canslim-digest local-canslim@your.domain.net A non-digest (direct mail) version of this list is also available; to subscribe to that instead, replace all instances of "canslim-digest" in the commands above with "canslim". Back issues are available for anonymous FTP from ftp.xmission.com, in pub/lists/canslim/archive. These are organized by date.