ftp.xmission.com/2014.06.ftp.xmission.com.tar/ftp.xmission.com/pub/lists/canslim/archive/v01.n088

Internet Message Format | 1997-02-19 | 25KB

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To:        [e-mail]
Subject:   canslim Digest V1 #88
Reply-To:  [e-mail]
Errors-To: [e-mail]
Precedence:


canslim Digest          Wednesday, 19 February 1997    Volume 01 : Number 088

In this issue:

    Re: [CANSLIM] VTRA
    [CANSLIM] BPOP
    [CANSLIM] Hi folks
    [CANSLIM] Majordomo
    [CANSLIM] IBD volume tables deleted
    re: [CANSLIM] Hi folks
    [CANSLIM] Motley fool
    [CANSLIM] Options expiration
    [CANSLIM] ESOL
    Re: [CANSLIM] Motley fool
    Re: [CANSLIM] ESOL
    [CANSLIM] Missing Posts
    [CANSLIM] High Tight Flag Last Week - VVUS
    [CANSLIM] AWRE
    Re: [CANSLIM] Missing Posts
    [CANSLIM] Re: HADCO Tumbles...
    [CANSLIM] Whoa is Me! - FESX
    Re: [CANSLIM] STOP LOSS ORDERS
    RE: [CANSLIM] Whoa is Me! - FESX
    Re: [CANSLIM] Whoa is Me! - FESX
    Re: [CANSLIM] Hi folks

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: "David F. Cameron" <[e-mail]>
Date: Wed, 19 Feb 1997 7:54:57 CST
Subject: Re: [CANSLIM] VTRA

Jay,

I checked out VTRA on Daily Graphs.   Only 4% institutional sponsorship.
This looks good.   Is this common for financial stocks?  The most recent
base goes back to Nov 22 - which is a good basing period.   This could
certainly be a good breakout.   It has pretty low volume - but I alos
take this as a plus (21K per day).   If something goes bad; this stock
could tumble in that its not very active - but that also gives it a
lot of upside.   With earnings not due until late April, there's
plenty of time for a rise.

Later,

Dave Cameron
[e-mail]
>
> Jay, with the way the financial groups are supporting this mkt, I am
> fighting to overcome my bias. Thanks for mentioning it, will take a
> look.
>
> tom w
> ----------
> > From: Jay Cliburn <[e-mail]>
> > To: [e-mail]
> > Subject: [CANSLIM] VTRA
> > Date: Tuesday, February 18, 1997 4:29 PM
> >
> > I know that some on this list avoid financial stocks, but
> > Vectra Banking Corp.
>


------------------------------

From: "David F. Cameron" <[e-mail]>
Date: Wed, 19 Feb 1997 8:08:04 CST
Subject: [CANSLIM] BPOP

There's a company on the NASDAQ called Banponce (BPOP) which sounds
a lot like a stock Zoran bought earlier - but it is a different
company.   The stock looks like it has been basing since end of
November.  The RS is 85, EPS is 86.  9% Institutional ownership.
This is another financial stock which I'm watching for a breakout.

What stands out about this one (as contrasted with other banks)
is that there has been steady insider buying over the last year.
From what I've seen - this usually means the stock is going
higher.

My concerns?  The company is based in Puerto Rico.   Does anyone
know if their accounting standards are up to those in the
states?   Puerto Rico is a United States protectorate - but I'm
not confident that they can't be cooking the books even more
than certain U.S. Banks.

If anyone has any info, pass it on.

Thanks,

Dave Cameron
[e-mail]

------------------------------

From: "Joseph Vaughn-Perling" <[e-mail]>
Date: Wed, 19 Feb 1997 08:10:47 -0800
Subject: [CANSLIM] Hi folks

I'm new to the list, just thought I say hello.

I'm a technologist working for Willaim O'Neil & Co. on the W.O.N.D.A.
(William O'Neil Direct Access) project, as well as more recently the
DailyGraphs Online project.  I was hired by O'Neil (about 2 years ago) for
my technical acumen not my stock selection ability but I've been learning
all I can.


------------------------------

From: [e-mail] (Jeff Salisbury)
Date: Wed, 19 Feb 1997 09:41:39 -0600
Subject: [CANSLIM] Majordomo

> Never saw this one come back to me from majordomo, so am resending.
> Jeff, are we still having problems with dropped msgs? Was I the only
> one?
> tom w

Tom,

I'm not aware of any problems within the past 2-3 weeks.  If you or anyone is
aware of "dropped" posts, please email me at:

    [e-mail]

Best Regards,

Jeff Salisbury

------------------------------

From: Michael A Langston <[e-mail]>
Date: Wed, 19 Feb 1997 11:45:09 -0500
Subject: [CANSLIM] IBD volume tables deleted

you may have noticed that IBD's volume tables have suddenly
disappeared from their web site -- IMHO this was the best
and most time-sensitive feature there -- am attaching the
response i received to my query -- alas, they're deleteing
new america too

i think actions like this only tend to push traders/investors
away from IBD, and to more timely sources such as telescan --
heck, by the time my IBD hardcopy gets here, the volume tables
are generally useless

of course IBD could have warned us that they were considering
this -- or, better yet, they could allow us to pay for the
on-line data -- i and many others suggested exactly that last
spring when they were setting up their site

in any event, i have no idea why they are continuing to force
their users to kill trees, rather than joining the electronic
age -- but you can probably guess just about how i'll reply
to this decision  :)

mike

******

Date: Wed, 19 Feb 1997 08:00:31 -0800
From: Marketing Associate <[e-mail]>
To: [e-mail]
Subject: Re: no volume tables tonite?

Thanks for writing.  The IBD Financial Web site has been altered.  The New
America, Stocks With The Greatest % Rise In Volume, and the Corporate Web
links will no longer be part of the site.  The New America and the volume
tables will remain exclusive to the print edition.

IBD

------------------------------

From: Michael A Langston <[e-mail]>
Date: Wed, 19 Feb 1997 11:58:00 -0500
Subject: re: [CANSLIM] Hi folks

joseph vaughn-perling" <[e-mail]> writes:

> I'm new to the list, just thought I say hello.
> I'm a technologist working for Willaim O'Neil & Co. on the W.O.N.D.A.
> (William O'Neil Direct Access) project, as well as more recently the

welome aboard joseph, glad to see one of o'neil's very own here --
on-line is the way to go, good for you!

i don't wanna bombard you w/ questions, and am sure you're
swamped, but if you ever have a spare moment to delve into
this one, please have at it

this is a question i've never been able to get IBD and DG
techies to resolve, despite a number of phone calls -- why
oh why does IBD continue to use those lousy letter codes
for group strength (for example, in their "stox in the news"
charts), while DG uses much more precise group strength
numbers? -- even worse, the ratings often don't mesh well
either, one simply cannot guess one from the other -- you'd
think that, since o'neil publishes both, their data would
agree on such an important item, no? -- after all, we're
talking about the G in ERG!

just one of life's little mysteries, it sure can cause trouble
at times...

mike langston

------------------------------

From: Blake Baysinger <[e-mail]>
Date: Wed, 19 Feb 1997 10:01:53 -0600
Subject: [CANSLIM] Motley fool

Any opinions from the canslimers about motley fool?

Blake Baysinger
[e-mail]

------------------------------

From: "Hilton Steve" <[e-mail]>
Date: 19 Feb 1997 11:34:56 -0600
Subject: [CANSLIM] Options expiration

Hi,

I am enjoying the reading on the list.  Thanks to whoever pointed me to the
archives for the pivot point discussion.

Another newbie question, we are approaching an options expiration Friday and I
was wondering what type of message about the market can be drawn from an up
day or down day.  Or perhaps no conclusions can be made if the market is flat.

Thanks,

Steve


------------------------------

From: Johan Van Houtven <[e-mail]>
Date: Wed, 19 Feb 1997 20:18:30 +0100
Subject: [CANSLIM] ESOL

ESOL looks good.

Dont have time now to post all the CANSLIM numbers.



------------------------------

From: Craig Griffin <[e-mail]>
Date: Wed, 19 Feb 1997 14:19:31 -0500
Subject: Re: [CANSLIM] Motley fool

Blake,

At 10:01 AM 2/19/97 -0600, you wrote:
>Any opinions from the canslimers about motley fool?

I think they do a good job of analyzing stocks.  They do well at holding
their stocks for the long term.  This has allowed them good gains on IOM and
AOL which are the primary contributors to their long term returns.  Their
shortcomings are in timing and lack of technical analysis.  They bought ATCT
when it was fully extended from a base.  Then, when it started acting badly,
they re-assured themselves that the market was misjudging the company,
because there was no news to account for the decline.  Then, when the news
hit, it was too late.  They bought 3COM just before the breakout in Oct 96.
Then rode it to a nice gain and when it started to fall apart, once again
they reassured themselves that the market was overreacting.  They rode a big
gain all the way down to a loss.  Bottom line - perhaps they have something
to say about applying added fundamental analysis to CANSLIM.  But it seems
like a lot of work for not much added knowledge about the company that is
directly applicable to investing in it.

Interestingly, some of their new experimental portfolios, including a Rel.
Strngth Portfolio, are performing quite well this year.

I like their web site.

Best regards,
Craig




------------------------------

From: Dave Dubinsky <[e-mail]>
Date: Wed, 19 Feb 1997 13:17:49 -0800
Subject: Re: [CANSLIM] ESOL

Johan Van Houtven wrote:
>
> ESOL looks good.
>
> Dont have time now to post all the CANSLIM numbers.

Where's the base?

------------------------------

From: Craig Griffin <[e-mail]>
Date: Wed, 19 Feb 1997 14:44:50 -0500
Subject: [CANSLIM] Missing Posts

Tom and Jeff,

I have missed several posts lately.  Thought it was just me.  But I also
missed the one that Tom referred to.  I just went to the archives and read
all of the "latest" posts.  I am missing 3 or 4 of those.  Also, one that I
sent earlier today never made it to the archives.

I can identify 3 situations:

1) a post I sent that never made it to the archives and never made it to me
(and I assume never made it to anyone else).

2) a post that someone else sent, which made it to the archives, and made it
to someone else, but which never made it to me.  I know this because I saw
the original post and the response in the archives, but I have not seen either.

3) a post that Tom sent, based on his report, that never made it to anywhere.

Finally, interestingly, the only way that I knew you had responded to Tom's
earlier question is that I ran across your response in the Archives!

We still cannot tell from the above whether posts are: 1) getting lost on
the internet,  2) getting lost by Tom's and my service providers, or 3)
getting lost by xmission.com, or 4) some combination.

Something is not perfect.  But I will take imperfect over no list at all!
Thanks for providing the service!

Best regards,
Craig


------------------------------

From: Craig Griffin <[e-mail]>
Date: Wed, 19 Feb 1997 14:44:53 -0500
Subject: [CANSLIM] High Tight Flag Last Week - VVUS

>>>>This is a repost - may have been lost.  Please excuse if duplicate.
>>>>Begin original post:

It looks like a high tight flag formed on VVUS between the dates of 1/31 and
2/11.  Note that the flag looks like it is up high on a flag pole on the
chart. Also note that it is very tight (about 15%) in the trading range.
Tighter would be even better.  Note that volume dryed up at the end of the
flag as it drifted down.  Then there is big volume again as the stock bursts
out of the range.  High tight flags are extremely bullish formations.
Typically stocks with h/t flags outperform significantly over the next
several months.  H/T flags are very difficult to read (many similar
formations exist).  O'Neil mentions the flags forming following a 100% move
in 3 or 4 weeks.  VVUS has moved only 40% in a week or two.  So it may not
really qualify.  See pages 167 & 168 in his book for other examples.

If I am reading it correctly, the buy date was 2/11 as it broke out of the
flag formation at $64 or the next day at $65-$66.  This is one of the rare
exceptions where you get a clear buy signal after a two or three week
"base".  And this "base" must follow an extreme diagonal upmove!  Pretty
frightening to buy such an extended stock.  It is rare to get more than ONE
or TWO h/t flags in the entire NASDAQ market in any given YEAR, although,
they seem to have been somewhat more common than that in the current bull
market.

This is one more formation for us to identify when possible.


------------------------------

From: Dave Dubinsky <[e-mail]>
Date: Wed, 19 Feb 1997 13:38:32 -0800
Subject: [CANSLIM] AWRE

Is anyone AWRE of anything "New" here?  Huge volume.

------------------------------

From: Hemant Rotithor <[e-mail]>
Date: Wed, 19 Feb 1997 15:23:28 -0500
Subject: Re: [CANSLIM] Missing Posts

Craig Griffin wrote:
>
> Tom and Jeff,
>
> I have missed several posts lately.  Thought it was just me.  But I  1) getting lost on
> the internet,  2) getting lost by Tom's and my service providers, or 3)
> getting lost by xmission.com, or 4) some combination.
>
> Something is not perfect.  But I will take imperfect over no list at all!
> Thanks for providing the service!
>
> Best regards,
> Craig

It does not seem like your internet provide because I did not get those
posts either so they are being dropped somewhere.
Just some more feedback.

Hemant

------------------------------

From: [e-mail]
Date: Wed, 19 Feb 1997 15:28:44 -0500 (EST)
Subject: [CANSLIM] Re: HADCO Tumbles...

HADCO(HDCO) tumbled today (off 8 1/4 at this writing); following quarterly
earnings report of 0.81 despite street estimates of 0.79; $200 million debt
offering, in part to cover the purchase of ZYCON....met by Alex Brown with a
lowering of their buy rating..

Ouch!


Denny

------------------------------

From: "James Adams" <[e-mail]>
Date: Wed, 19 Feb 1997 18:17:59 -0500
Subject: [CANSLIM] Whoa is Me! - FESX

I need a shoulder to cry on, not really, but some advice would help. As
many on this list know I've been watching and talking about FESX for the
past 3-4 weeks, stereotypical cup and handle. Yesterday it was up .50 on
181% volume. There's my breakout, I said to myself last night. This morning
by 10:30 a.m. it was up .25 on at 20% of its adv. I put in a buy for 1000
shares between the bid, 16  and the ask, 16 3/8.
The biggest order to that point hand been 125 shares so I thought it would
go at 16.25.
Yea, sure.  I call my broker after lunch and he said my order failed.
Needless to say FESX finished up today 1 5/8.

Should I have simply bought at market and not tried to go between the
spread? Should I have checked with my broker sooner?

Peace,
Jim Adams        Maysville, KY (USA)
[e-mail]
http://www.cris.com/~jimadams/


------------------------------

From: [e-mail]
Date: Wed, 19 Feb 1997 18:52:13 -0500 (EST)
Subject: Re: [CANSLIM] STOP LOSS ORDERS

Thanks for all the feedback on stops, I think all brokerages must make this
available to all investors. God Bless. Chris.

------------------------------

From: Linda Thomas <[e-mail]>
Date: Wed, 19 Feb 1997 21:50:53 -0500
Subject: RE: [CANSLIM] Whoa is Me! - FESX

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Jim,

I think O'Neil recommends against using limit orders for precisely
the reasons you described.  In the effort to save 1/8 you might end
up missing out on something that will advance many, many points.

To paraphrase what he said in the book: if it's worth buying, buy it
at the market; if it's time to sell (for whatever reason) sell it at the
market.

Some of the more experienced folks on the list may be able to
fill in more details or provide other points of view.

    -Linda


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------------------------------

From: "tom worley" <[e-mail]>
Date: Wed, 19 Feb 1997 22:13:41 -0500
Subject: Re: [CANSLIM] Whoa is Me! - FESX

When I refer to an OTC stock as being "up", I am referring to the bid
or offer, not the last trade. With a 3/8 spread, it's possible that
the stock had not actually moved. With that said, on low vol and no
price move, an order in-between can sometimes work, altho the lack of
vol works against you since it also means there are that many sellers
out there willing to offer stock. If you were trying to buy off the
bid at 16, odds of getting your order filled were probably zilch.
Even assuming that particular house got hit by a seller of 1000
shares or more, he could have orders ahead of you in-house that would
get the stock. You mention the biggest order had been "125", since
trades are reported in round lots I assume this means 12,500 shares,
which sounds like a sizable block trade to me. Assuming your limit
order was right in the middle, at 16 3/16, you were trying to save
$187.50 on a trade of over $16,000, percentage wise this was not a
sig savings, and ended up costing you $1625 in paper profits. I don't
have a chart in front of me, so no idea where the base or breakout
was, both of which would be factors in using and setting limits, but
yes, you should have checked back with the broker as soon as you saw
the bid or ask move higher. At least then if you got a "Nothing
Done", you could have changed the order to "market" and caught about
$1.25 of the ride. "Penny wise, pound foolish" in this case, but
every one is its own unique situation and must be watched closely by
either the investor or a broker who knows what he is doing. Hindsight
is always 20-20, the key is to learn from it.

- ----------
> From: James Adams <[e-mail]>
> To: Canslim <[e-mail]>
> Subject: [CANSLIM] Whoa is Me! - FESX
> Date: Wednesday, February 19, 1997 6:17 PM
>
>
> past 3-4 weeks, stereotypical cup and handle. Yesterday it was up
.50 on
> 181% volume. There's my breakout, I said to myself last night. This
morning
> by 10:30 a.m. it was up .25 on at 20% of its adv. I put in a buy
for 1000
> shares between the bid, 16  and the ask, 16 3/8.
> The biggest order to that point hand been 125 shares so I thought
it would
> go at 16.25.
> Yea, sure.  I call my broker after lunch and he said my order
failed.
> Needless to say FESX finished up today 1 5/8.
>
> Should I have simply bought at market and not tried to go between
the
> spread? Should I have checked with my broker sooner?
/

------------------------------

From: "tom worley" <[e-mail]>
Date: Wed, 19 Feb 1997 22:20:30 -0500
Subject: Re: [CANSLIM] Hi folks

Welcome, Joseph, glad to have you on board. We do our best to
understand O'Neill and CANSLIM, hope you can straighten us out when
we go astray. How good are you at reading charts? Any insight you can
give us about where WONDA is going (note Mike Langston's comments
tonight) as well as the IBD website would be very helpful. Many of
our members are international, and getting things like IBD and DG in
a timely manner is at best difficult, if not impossible, so direct
access has all of us excited. If you need any feedback on what we are
looking/hoping for, ask away, I suspect you will be inundated with
responses.

tom w
- ----------
> From: Joseph Vaughn-Perling <[e-mail]>
> To: [e-mail]
> Subject: [CANSLIM] Hi folks
> Date: Wednesday, February 19, 1997 11:10 AM
>
> I'm new to the list, just thought I say hello.
>
> I'm a technologist working for Willaim O'Neil & Co. on the
W.O.N.D.A.
> (William O'Neil Direct Access) project, as well as more recently
the
> DailyGraphs Online project.

------------------------------

End of canslim Digest V1 #88
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